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 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.2B | 5.3B | 5.7B | 3.6B | 2.8B | 1.6B | 1.1B | 758.0M | 369.0M | 114.0M | 92.7M | 97.6M | 69.1M |
| Revenue Growth % | -20.4% | -6.5% | 58.3% | 27.2% | 72.2% | 48.3% | 45.1% | 105.4% | 223.7% | 23.0% | -5.0% | 41.3% | -- |
| Total Revenue | 4.2B | 5.3B | 5.7B | 3.6B | 2.8B | 1.6B | 1.1B | 758.0M | 369.0M | 114.0M | 92.7M | 97.6M | 69.1M |
| Cost Of Revenue | 3.4B | 4.3B | 4.7B | 2.8B | 2.3B | 1.3B | 821.0M | 552.0M | 225.0M | 50.7M | 47.4M | 55.0M | 34.2M |
| Gross Profit | 767.0M | 936.0M | 943.0M | 755.0M | 548.0M | 364.0M | 279.0M | 206.0M | 144.0M | 63.3M | 45.3M | 42.7M | 34.9M |
| Gross Margin % | 18.2% | 17.7% | 16.7% | 21.1% | 19.5% | 22.3% | 25.4% | 27.2% | 39.0% | 55.5% | 48.9% | 43.7% | 50.5% |
| Total Operating Cost | 4.0B | 4.9B | 5.1B | 3.1B | 2.4B | 1.4B | 956.0M | 646.0M | 277.0M | 89.3M | 76.1M | 85.1M | 60.6M |
| Selling Expenses | 320.0M | 336.0M | 257.0M | 148.0M | 111.0M | 107.0M | 89.3M | 54.5M | 24.9M | 15.4M | 12.1M | 11.4M | 9.7M |
| Admin Expenses | 61.4M | 62.3M | 58.2M | 62.9M | 36.8M | 33.3M | 31.0M | 21.1M | 17.7M | 20.0M | 13.2M | 12.5M | 10.9M |
| Rd Expenses | 53.1M | 53.9M | 42.0M | 31.0M | 7.5M | 2.3M | 3.5M | 1.9M | 796,300 | -- | -- | -- | -- |
| Finance Expenses | 19.2M | 28.9M | 14.8M | -5.6M | -3.6M | 3.3M | 2.2M | 2.4M | 1.5M | 1.1M | 1.7M | 1.7M | 671,200 |
| Operating Income | 130.0M | 589.0M | 841.0M | 581.0M | 422.0M | 229.0M | 148.0M | 118.0M | 91.9M | 25.1M | 16.6M | 12.6M | 8.5M |
| Operating Margin % | 3.1% | 11.1% | 14.9% | 16.3% | 15.0% | 14.0% | 13.5% | 15.6% | 24.9% | 22.0% | 17.9% | 12.9% | 12.3% |
| Non Operating Income | 350,000 | -- | -- | -- | 2,100 | 156,900 | -- | 1,000 | 2.8M | 6.2M | 307,800 | 630,300 | 663,000 |
| Non Operating Expenses | 2.3M | 3.3M | 1.8M | 1.8M | 760,000 | 511,300 | 541,300 | 10,000 | 10,100 | 457,700 | 320,300 | 400,700 | 307,800 |
| Investment Income | 8.7M | 20.4M | -4.7M | 5.2M | 4.3M | -- | -- | 1.4M | 450,000 | -- | -- | -- | -- |
| Fair Value Change Income | -147.0M | 119.0M | 273.0M | 35.8M | 2.7M | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 807,200 | 5,300 | -8,300 | -13,700 | 42,500 | 152,900 | -128,400 | 9,800 | -70,900 | -- | -- | -- | -- |
| Asset Impairment Loss | 201,400 | -1.3M | 1.4M | 194,800 | 313,700 | -- | 1.5M | 3.4M | 2.2M | 282,300 | -88,900 | 112,200 | 77,400 |
| Other Income | 10.4M | 33.1M | 46.9M | 34.8M | 30.7M | 18.2M | 5.0M | 4.2M | -- | -- | -- | -- | -- |
| Income Before Tax | 128.0M | 586.0M | 839.0M | 580.0M | 421.0M | 228.0M | 147.0M | 118.0M | 94.7M | 30.9M | 16.6M | 12.8M | 8.9M |
| Income Tax | 5.1M | 58.2M | 103.0M | 74.7M | 58.6M | 34.8M | 23.4M | 20.4M | 22.2M | 6.4M | 4.0M | 6.9M | 4.1M |
| Net Income | 123.0M | 528.0M | 737.0M | 505.0M | 363.0M | 194.0M | 124.0M | 97.8M | 72.6M | 24.5M | 12.6M | 5.9M | 4.7M |
| Net Margin % | 2.9% | 10.0% | 13.0% | 14.1% | 12.9% | 11.9% | 11.3% | 12.9% | 19.7% | 21.5% | 13.6% | 6.0% | 6.8% |
| Net Income Attributable | 123.0M | 528.0M | 737.0M | 505.0M | 363.0M | 194.0M | 124.0M | 97.8M | 72.6M | 24.5M | 12.6M | 5.9M | 4.7M |
| Minority Interest | -126,900 | -68,000 | -434,200 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.66 | 4.24 | 8.35 | 7.25 | 5.86 | 3.74 | 2.39 | 1.89 | 1.40 | 0.68 | 0.36 | 0.56 | 0.47 |
| Eps Diluted | 0.66 | 4.24 | 8.35 | 7.25 | 5.86 | 3.74 | 2.39 | 1.89 | -- | 0.68 | 0.36 | 0.56 | -- |
| 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 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 625.0M | 905.0M | 559.0M | 780.0M | 1.1B | 322.0M | 243.0M | 211.0M | 103.0M | 74.7M | 19.4M | 19.4M | 4.5M |
| Trading Financial Assets | -- | -- | -- | -- | 90.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 2.4B | 2.4B | 3.1B | 1.4B | 925.0M | 437.0M | 349.0M | 269.0M | 172.0M | 42.7M | 29.5M | 24.5M | 15.1M |
| Notes Receivable | 152.0M | 4.5M | 9.1M | 4.5M | -- | 540,000 | -- | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 2.5B | 2.4B | 3.1B | 1.5B | 925.0M | 438.0M | 349.0M | 269.0M | 172.0M | 42.7M | 29.5M | 24.5M | 15.1M |
| Prepayments | 225.0M | 239.0M | 220.0M | 116.0M | 39.8M | 28.0M | 19.0M | 10.5M | 2.8M | 11.6M | 5.1M | 1.4M | 1.2M |
| Inventory | 68.8M | 38.3M | 15.4M | 8.0M | 7.8M | 9.8M | 1.8M | 1.9M | 3.4M | 3.5M | -- | -- | 226,100 |
| Total Current Assets | 3.5B | 3.7B | 4.0B | 2.4B | 2.3B | 835.0M | 642.0M | 518.0M | 296.0M | 136.0M | 60.1M | 54.8M | 32.1M |
| Fixed Assets | -- | 5.1M | 5.4M | 4.0M | 3.2M | 3.0M | 1.7M | 1.2M | -- | 8.7M | 14.3M | 16.2M | 12.1M |
| Fixed Assets Total | 173.0M | 5.1M | 5.4M | 4.0M | 3.2M | 3.0M | 1.7M | 1.2M | 1.2M | 8.7M | 14.3M | 16.2M | 12.1M |
| Construction In Progress | -- | 163.0M | -- | -- | -- | -- | -- | -- | -- | 112,500 | -- | -- | 376,600 |
| Construction In Progress Total | 535,500 | 163.0M | -- | -- | -- | -- | -- | -- | -- | 112,500 | -- | -- | 376,600 |
| Intangible Assets | 29.6M | 29.7M | 30.3M | 1.7M | 1.3M | 871,400 | 645,000 | 792,300 | 2.2M | 5.2M | 6.2M | 9.6M | 5.9M |
| Long Term Deferred Expenses | 3.3M | 3.1M | 2.0M | 3.3M | 3.1M | 4.4M | 4.1M | 850,200 | 2.6M | 690,400 | -- | 48,100 | 68,000 |
| Total Non Current Assets | 1.1B | 1.2B | 1.3B | 773.0M | 150.0M | 14.9M | 14.1M | 4.0M | 7.3M | 14.8M | 20.6M | 26.0M | 18.5M |
| Total Assets | 4.6B | 4.9B | 5.3B | 3.2B | 2.4B | 850.0M | 656.0M | 522.0M | 303.0M | 151.0M | 80.7M | 80.8M | 50.6M |
| Short Term Borrowings | 642.0M | 582.0M | 380.0M | 100.0M | 20.0M | 67.0M | 39.0M | 30.5M | 17.0M | 31.0M | 21.0M | 23.0M | 13.9M |
| Accounts Payable | 773.0M | 843.0M | 1.7B | 923.0M | 620.0M | 301.0M | 257.0M | 214.0M | 102.0M | 11.5M | 8.2M | 10.1M | 8.3M |
| Advance Receipts | -- | -- | -- | -- | -- | 37.2M | 46.6M | 32.9M | 6.8M | 904,800 | 1.2M | 5.2M | 2.7M |
| Contract Liabilities | 26.1M | 33.5M | 29.1M | 32.1M | 29.2M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.8B | 1.8B | 2.6B | 1.2B | 742.0M | 459.0M | 391.0M | 320.0M | 159.0M | 52.2M | 37.2M | 49.9M | 34.8M |
| Long Term Borrowings | 62.2M | 111.0M | 38.5M | -- | -- | -- | -- | 10.0M | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 130.0M | 186.0M | 116.0M | 14.3M | 402,300 | 14.0M | 4.0M | 14.0M | 4.0M | -- | -- | -- | -- |
| Total Liabilities | 1.9B | 2.0B | 2.7B | 1.2B | 743.0M | 473.0M | 395.0M | 334.0M | 163.0M | 52.2M | 37.2M | 49.9M | 34.8M |
| Paid In Capital | 211.0M | 148.0M | 101.0M | 69.7M | 69.7M | 51.8M | 51.8M | 51.8M | 51.8M | 37.0M | 35.0M | 10.5M | 10.0M |
| Capital Reserve | 908.0M | 1.1B | 1.1B | 1.1B | 1.1B | 18.7M | 18.7M | 18.7M | 18.7M | 29.3M | 403,000 | 9.4M | 687,500 |
| Surplus Reserve | 99.3M | 75.2M | 75.2M | 75.2M | 75.2M | 44.7M | 25.8M | 14.0M | 6.3M | 2.1M | 407,700 | -- | -- |
| Retained Earnings | 1.5B | 1.6B | 1.3B | 786.0M | 490.0M | 261.0M | 164.0M | 104.0M | 63.7M | 30.5M | 7.7M | 11.0M | 5.1M |
| Minority Equity | 2.5M | 7.8M | 19.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 2.7B | 2.9B | 2.6B | 2.0B | 1.7B | 376.0M | 260.0M | 188.0M | 140.0M | 98.8M | 43.5M | 30.9M | 15.8M |
| Total Equity | 2.7B | 2.9B | 2.6B | 2.0B | 1.7B | 376.0M | 260.0M | 188.0M | 140.0M | 98.8M | 43.5M | 30.9M | 15.8M |
| 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 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 4.3B | 5.8B | 4.5B | 3.2B | 2.4B | 1.6B | 1.0B | 732.0M | 328.0M | 109.0M | 89.2M | 93.6M | 71.3M |
| Tax Refunds Received | -- | -- | 8.0M | 8,900 | 392,800 | 480,600 | 1.3M | 2.6M | 1.3M | 488,100 | 11,700 | 800.00 | -- |
| Total Operating Cash Inflow | 4.6B | 5.9B | 4.6B | 3.3B | 2.4B | 1.7B | 1.0B | 741.0M | 346.0M | 133.0M | 102.0M | 102.0M | 77.7M |
| Cash Paid For Goods | 3.8B | 5.1B | 4.1B | 2.6B | 2.0B | 1.3B | 750.0M | 455.0M | 199.0M | 47.9M | 40.5M | 48.0M | 36.4M |
| Cash Paid To Employees | 356.0M | 353.0M | 266.0M | 159.0M | 110.0M | 106.0M | 83.0M | 46.2M | 27.3M | 18.9M | 17.1M | 10.6M | 7.2M |
| Taxes Paid | 56.0M | 121.0M | 121.0M | 93.0M | 81.1M | 54.8M | 53.9M | 54.1M | 29.6M | 11.7M | 11.1M | 10.2M | 6.0M |
| Total Operating Cash Outflow | 4.5B | 5.8B | 4.7B | 3.0B | 2.3B | 1.5B | 962.0M | 609.0M | 280.0M | 110.0M | 89.8M | 85.7M | 75.9M |
| Operating Cash Flow | 122.0M | 128.0M | -155.0M | 295.0M | 116.0M | 141.0M | 77.9M | 132.0M | 65.9M | 23.8M | 12.1M | 16.3M | 1.8M |
| Total Investing Cash Inflow | 638.0M | 452.0M | 145.0M | 1.3B | 694.0M | 232,100 | 33,800 | 21.0M | 10.9M | 11,300 | 229,800 | -- | 3,450 |
| Total Investing Cash Outflow | 669.0M | 252.0M | 422.0M | 1.8B | 921.0M | 3.4M | 2.1M | 20.3M | 10.9M | 6.4M | 8.8M | 17.8M | 12.3M |
| Investing Cash Flow | -31.6M | 200.0M | -278.0M | -473.0M | -226.0M | -3.2M | -2.1M | 648,500 | 42,000 | -6.4M | -8.6M | -17.8M | -12.3M |
| Cash From Borrowings | 1.0B | 830.0M | 645.0M | 102.0M | 30.0M | 115.0M | 43.0M | 51.0M | 17.0M | 36.0M | 35.0M | 37.8M | 16.4M |
| Dividends And Interest Paid | 280.0M | 252.0M | 226.0M | 210.0M | 105.0M | 80.0M | 52.2M | 51.9M | 21.4M | 1.3M | 1.6M | 1.5M | 704,500 |
| Debt Repayments | 980.0M | 552.0M | 327.0M | 26.0M | 77.0M | 97.1M | 34.5M | 27.5M | 31.0M | 26.0M | 37.0M | 29.0M | 5.7M |
| Total Financing Cash Inflow | 1.0B | 864.0M | 701.0M | 102.0M | 1.1B | 125.0M | 43.0M | 52.0M | 25.5M | 65.8M | 35.0M | 47.0M | 21.3M |
| Total Financing Cash Outflow | 1.4B | 839.0M | 570.0M | 257.0M | 192.0M | 178.0M | 87.8M | 81.8M | 57.8M | 27.8M | 38.6M | 30.5M | 6.4M |
| Financing Cash Flow | -349.0M | 25.1M | 131.0M | -155.0M | 890.0M | -53.0M | -44.8M | -29.8M | -32.3M | 37.9M | -3.6M | 16.5M | 14.8M |
| Net Change In Cash | -253.0M | 353.0M | -301.0M | -333.0M | 780.0M | 84.4M | 31.1M | 103.0M | 33.6M | 55.4M | -82,500 | 15.0M | 4.3M |
| Ending Cash Balance | 568.0M | 821.0M | 468.0M | 769.0M | 1.1B | 321.0M | 237.0M | 206.0M | 103.0M | 74.7M | 19.4M | 19.4M | 4.5M |
| Capex | 8.0M | 26.6M | 39.4M | 153.0M | 25.6M | 3.4M | 2.1M | 1.1M | 748,400 | 6.4M | 8.8M | 17.8M | 11.2M |