Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.6B | 1.4B | 2.4B | 1.7B | 1.3B | 1.2B | 1.0B | 491.0M | 475.0M |
| Revenue Growth % | 156.6% | -40.3% | 36.9% | 33.6% | 12.1% | 13.3% | 107.9% | 3.4% | -- |
| Total Revenue | 3.6B | 1.4B | 2.4B | 1.7B | 1.3B | 1.2B | 1.0B | 491.0M | 475.0M |
| Cost Of Revenue | 3.3B | 1.3B | 2.0B | 1.4B | 885.0M | 837.0M | 755.0M | 374.0M | 378.0M |
| Gross Profit | 335.0M | 158.0M | 391.0M | 374.0M | 412.0M | 320.0M | 266.0M | 117.0M | 97.0M |
| Gross Margin % | 9.2% | 11.2% | 16.5% | 21.6% | 31.8% | 27.7% | 26.1% | 23.8% | 20.4% |
| Total Operating Cost | 3.6B | 1.4B | 2.2B | 1.5B | 985.0M | 915.0M | 814.0M | 411.0M | 405.0M |
| Selling Expenses | 13.3M | 19.1M | 16.4M | 22.1M | 9.6M | 6.5M | 5.5M | 5.1M | 1.9M |
| Admin Expenses | 49.6M | 39.3M | 38.6M | 39.1M | 27.7M | 20.0M | 14.2M | 11.6M | 4.8M |
| Rd Expenses | 118.0M | 55.1M | 86.2M | 57.5M | 41.5M | 45.5M | 37.6M | 16.7M | 20.8M |
| Finance Expenses | 74.7M | 55.1M | 53.1M | 17.1M | 6.4M | 1.7M | -1.0M | 2.2M | 705,000 |
| Operating Income | 96.8M | 103.0M | 192.0M | 234.0M | 364.0M | 246.0M | 208.0M | 81.2M | 70.7M |
| Operating Margin % | 2.7% | 7.3% | 8.1% | 13.5% | 28.1% | 21.3% | 20.4% | 16.5% | 14.9% |
| Non Operating Income | 1.2M | 865,700 | 332,600 | 6.3M | 7.0M | 2.8M | 709,200 | 1.5M | 474,300 |
| Non Operating Expenses | 1.3M | 43,200 | 3.2M | 31.5M | 15.8M | 890,500 | 115,900 | 1.2M | 359,500 |
| Investment Income | -2.8M | -- | -- | 4.8M | -- | -- | -- | -- | -- |
| Asset Disposal Income | -- | -24,600 | -- | -- | -2.8M | 2.6M | -- | 112,100 | -- |
| Asset Impairment Loss | 11.6M | 16.3M | 450,200 | -- | -- | -- | 1.3M | 690,800 | -1.5M |
| Other Income | 47.6M | 128.0M | 27.0M | 3.4M | 55.2M | 1.1M | 1.2M | 343,000 | -- |
| Income Before Tax | 96.7M | 104.0M | 189.0M | 209.0M | 355.0M | 248.0M | 209.0M | 81.5M | 70.8M |
| Income Tax | 2.6M | 9.1M | 9.0M | 23.7M | 53.9M | 32.7M | 27.8M | 12.0M | 11.7M |
| Net Income | 94.0M | 94.9M | 180.0M | 185.0M | 302.0M | 215.0M | 181.0M | 69.5M | 59.1M |
| Net Margin % | 2.6% | 6.7% | 7.6% | 10.7% | 23.3% | 18.6% | 17.7% | 14.1% | 12.4% |
| Net Income Attributable | 94.2M | 95.0M | 180.0M | 185.0M | 302.0M | 215.0M | 181.0M | 69.5M | 59.1M |
| Minority Interest | -179,000 | -107,200 | -62,600 | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.15 | 0.15 | 0.28 | 0.29 | 0.49 | 0.52 | 0.44 | 0.17 | 0.15 |
| Eps Diluted | 0.15 | 0.15 | 0.28 | 0.29 | 0.49 | 0.52 | 0.44 | 0.17 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 279.0M | 435.0M | 358.0M | 497.0M | 424.0M | 169.0M | 211.0M | 78.0M | 29.7M |
| Trading Financial Assets | -- | -- | -- | -- | 200.0M | -- | -- | -- | -- |
| Accounts Receivable | 422.0M | 257.0M | 336.0M | 315.0M | 187.0M | 65.3M | 41.9M | 9.3M | 3.0M |
| Notes Receivable | 139.0M | 3.7M | -- | -- | 47.5M | 67.8M | 74.1M | 6.3M | 6.2M |
| Notes And Accounts Receivable | 561.0M | 261.0M | 336.0M | 315.0M | 234.0M | 133.0M | 116.0M | 15.5M | 9.1M |
| Prepayments | 118.0M | 149.0M | 126.0M | 231.0M | 106.0M | 59.3M | 33.1M | 11.3M | 21.1M |
| Inventory | 232.0M | 500.0M | 308.0M | 247.0M | 139.0M | 91.1M | 81.6M | 57.9M | 22.8M |
| Total Current Assets | 1.4B | 1.5B | 1.5B | 1.5B | 1.3B | 457.0M | 442.0M | 197.0M | 142.0M |
| Fixed Assets | -- | -- | 1.7B | 1.7B | 765.0M | 788.0M | 419.0M | 382.0M | -- |
| Fixed Assets Total | 2.5B | 2.1B | 1.7B | 1.7B | 765.0M | 788.0M | 419.0M | 382.0M | 340.0M |
| Construction In Progress | -- | -- | 434.0M | 125.0M | 134.0M | 36.6M | 43.2M | 68.3M | -- |
| Construction In Progress Total | 523.0M | 661.0M | 434.0M | 125.0M | 134.0M | 36.6M | 43.3M | 68.3M | 57.8M |
| Intangible Assets | 397.0M | 371.0M | 96.5M | 101.0M | 94.6M | 22.2M | 24.9M | 26.2M | 21.3M |
| Long Term Deferred Expenses | 25.0M | 7.7M | 1.8M | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 3.7B | 3.2B | 2.3B | 1.9B | 1.0B | 869.0M | 567.0M | 477.0M | 420.0M |
| Total Assets | 5.2B | 4.7B | 3.8B | 3.4B | 2.3B | 1.3B | 1.0B | 674.0M | 562.0M |
| Short Term Borrowings | 1.3B | 1.3B | 617.0M | 372.0M | 245.0M | -- | 45.0M | -- | 50.0M |
| Accounts Payable | 278.0M | 347.0M | 288.0M | 437.0M | 89.6M | 68.2M | 41.3M | 39.4M | 14.4M |
| Advance Receipts | 3.4M | 194,700 | 129,100 | 1.2M | 959,700 | 1.5M | 2.6M | 1.9M | 3.6M |
| Contract Liabilities | 43.7M | 28.9M | 18.6M | 11.6M | 3.0M | -- | -- | -- | -- |
| Total Current Liabilities | 2.3B | 2.0B | 1.3B | 909.0M | 415.0M | 143.0M | 117.0M | 65.4M | 132.0M |
| Long Term Borrowings | 677.0M | 515.0M | 427.0M | 648.0M | 72.9M | 135.0M | 60.0M | -- | -- |
| Total Non Current Liabilities | 835.0M | 641.0M | 476.0M | 689.0M | 114.0M | 178.0M | 101.0M | -- | -- |
| Total Liabilities | 3.2B | 2.6B | 1.8B | 1.6B | 529.0M | 320.0M | 219.0M | 65.4M | 132.0M |
| Paid In Capital | 646.0M | 642.0M | 642.0M | 642.0M | 459.0M | 413.0M | 413.0M | 413.0M | 396.0M |
| Capital Reserve | 386.0M | 348.0M | 348.0M | 348.0M | 532.0M | 132.0M | 132.0M | 132.0M | 11.6M |
| Surplus Reserve | 105.0M | 103.0M | 101.0M | 91.9M | 72.3M | 46.0M | 24.5M | 6.4M | 8.9M |
| Retained Earnings | 898.0M | 1.0B | 912.0M | 740.0M | 690.0M | 414.0M | 221.0M | 57.7M | 13.6M |
| Minority Equity | -175,800 | 2.1M | 2.2M | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 2.0B | 2.1B | 2.0B | 1.8B | 1.8B | 1.0B | 790.0M | 609.0M | 430.0M |
| Total Equity | 2.0B | 2.1B | 2.0B | 1.8B | 1.8B | 1.0B | 790.0M | 609.0M | 430.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.8B | 1.4B | 1.6B | 1.6B | 955.0M | 921.0M | 924.0M | 476.0M | 552.0M |
| Tax Refunds Received | 54.1M | 85.2M | 48.3M | -- | -- | 231,500 | 977,900 | 2.3M | 5.0M |
| Total Operating Cash Inflow | 3.0B | 1.6B | 1.7B | 1.6B | 1.0B | 931.0M | 975.0M | 511.0M | 557.0M |
| Cash Paid For Goods | 2.4B | 1.3B | 1.4B | 1.5B | 842.0M | 664.0M | 791.0M | 417.0M | 410.0M |
| Cash Paid To Employees | 86.0M | 58.8M | 66.4M | 43.9M | 31.7M | 27.5M | 20.5M | 13.0M | 11.8M |
| Taxes Paid | 56.6M | 54.7M | 78.9M | 111.0M | 89.4M | 44.6M | 22.5M | 15.7M | 16.7M |
| Total Operating Cash Outflow | 2.6B | 1.4B | 1.6B | 1.7B | 985.0M | 755.0M | 846.0M | 453.0M | 446.0M |
| Operating Cash Flow | 349.0M | 233.0M | 74.1M | -61.4M | 52.6M | 176.0M | 129.0M | 58.0M | 110.0M |
| Total Investing Cash Inflow | -- | 1,000 | -- | 495.0M | 43,200 | 51.7M | -- | 2.5M | -- |
| Total Investing Cash Outflow | 767.0M | 687.0M | 502.0M | 964.0M | 405.0M | 314.0M | 97.7M | 66.8M | 83.2M |
| Investing Cash Flow | -767.0M | -687.0M | -502.0M | -469.0M | -405.0M | -262.0M | -97.7M | -64.3M | -83.2M |
| Cash From Borrowings | 2.0B | 1.6B | 934.0M | 1.1B | 313.0M | 90.0M | 149.0M | 55.0M | 50.0M |
| Dividends And Interest Paid | 267.0M | 58.5M | 57.7M | 142.0M | 11.6M | 4.6M | 462,600 | 2.3M | 50.6M |
| Debt Repayments | 1.8B | 1.0B | 604.0M | 312.0M | 129.0M | 45.0M | 44.2M | 105.0M | -- |
| Total Financing Cash Inflow | 2.3B | 1.7B | 936.0M | 1.1B | 786.0M | 90.0M | 149.0M | 170.0M | 50.0M |
| Total Financing Cash Outflow | 2.2B | 1.2B | 662.0M | 455.0M | 154.0M | 64.6M | 44.7M | 107.0M | 65.6M |
| Financing Cash Flow | 166.0M | 515.0M | 275.0M | 603.0M | 631.0M | 25.4M | 105.0M | 62.7M | -15.6M |
| Net Change In Cash | -252.0M | 61.4M | -153.0M | 72.6M | 279.0M | -61.1M | 137.0M | 56.0M | 11.3M |
| Ending Cash Balance | 153.0M | 404.0M | 343.0M | 496.0M | 424.0M | 144.0M | 205.0M | 68.7M | 12.7M |
| Capex | 477.0M | 687.0M | 502.0M | 674.0M | 205.0M | 314.0M | 97.7M | 66.8M | 83.2M |