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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 341.0M | 203.0M | 330.0M | 746.0M | 896.0M | 1.0B | 1.2B | 887.0M | 601.0M | 347.0M | 323.0M |
| Revenue Growth % | 68.0% | -38.5% | -55.8% | -16.7% | -14.2% | -9.9% | 30.7% | 47.6% | 73.2% | 7.4% | -- |
| Total Revenue | 341.0M | 203.0M | 330.0M | 746.0M | 896.0M | 1.0B | 1.2B | 887.0M | 601.0M | 347.0M | 323.0M |
| Cost Of Revenue | 308.0M | 188.0M | 290.0M | 531.0M | 551.0M | 614.0M | 708.0M | 601.0M | 442.0M | 261.0M | 246.0M |
| Gross Profit | 33.0M | 15.0M | 40.0M | 215.0M | 345.0M | 430.0M | 451.0M | 286.0M | 159.0M | 86.0M | 77.0M |
| Gross Margin % | 9.7% | 7.4% | 12.1% | 28.8% | 38.5% | 41.2% | 38.9% | 32.2% | 26.5% | 24.8% | 23.8% |
| Total Operating Cost | 605.0M | 418.0M | 564.0M | 781.0M | 748.0M | 805.0M | 898.0M | 730.0M | 516.0M | 310.0M | 285.0M |
| Selling Expenses | 56.3M | 42.9M | 59.0M | 63.6M | 48.5M | 48.9M | 42.9M | 39.6M | 29.6M | 11.6M | 10.0M |
| Admin Expenses | 93.6M | 95.3M | 88.4M | 86.4M | 47.3M | 64.0M | 58.6M | 47.4M | 25.4M | 20.3M | 15.9M |
| Rd Expenses | 11.6M | 16.6M | 29.5M | 42.7M | 35.3M | 41.2M | 47.3M | 29.3M | 4.2M | -- | -- |
| Finance Expenses | 352,500 | 203,000 | 954,700 | -6.2M | 6.6M | 12.4M | 9.4M | 5.9M | 2.3M | 2.8M | 3.4M |
| Operating Income | -266.0M | -214.0M | -228.0M | -26.6M | 155.0M | 240.0M | 265.0M | 158.0M | 85.1M | 36.7M | 37.9M |
| Operating Margin % | -78.0% | -105.4% | -69.1% | -3.6% | 17.3% | 23.0% | 22.9% | 17.8% | 14.2% | 10.6% | 11.7% |
| Non Operating Income | 155,700 | 676,900 | 2.5M | 3.0M | 1.8M | 120,500 | 12,500 | 451,100 | 2.6M | 801,000 | 654,400 |
| Non Operating Expenses | 1.1M | 2.0M | 38,800 | 624,600 | 54.00 | 200.00 | 500.00 | 201,800 | 2.5M | 500.00 | 167,000 |
| Investment Income | 852,900 | 819,800 | 2.3M | 4.3M | 2.5M | -2.5M | -- | -- | -- | -- | -- |
| Asset Disposal Income | -3.1M | 218,600 | -376,200 | 25,600 | -18,800 | 7,400 | 100.00 | 23,700 | 287,100 | -- | -- |
| Asset Impairment Loss | 39.0M | 16.5M | 57.2M | 2.0M | 37.0M | -- | 28.6M | 4.0M | 9.0M | 3.6M | -455,000 |
| Other Income | 485,300 | 100,100 | 3.5M | 4.5M | 4.0M | 4.2M | 3.0M | 510,000 | -- | -- | -- |
| Income Before Tax | -267.0M | -215.0M | -226.0M | -24.3M | 157.0M | 240.0M | 265.0M | 158.0M | 85.1M | 37.5M | 38.4M |
| Income Tax | -221,500 | -10.7M | -14.0M | -3.8M | 23.8M | 35.0M | 35.3M | 24.2M | 15.2M | 6.8M | 7.3M |
| Net Income | -266.0M | -204.0M | -212.0M | -20.4M | 133.0M | 205.0M | 229.0M | 134.0M | 70.0M | 30.7M | 31.1M |
| Net Margin % | -78.0% | -100.5% | -64.2% | -2.7% | 14.8% | 19.6% | 19.8% | 15.1% | 11.6% | 8.9% | 9.6% |
| Net Income Attributable | -262.0M | -207.0M | -209.0M | -17.7M | 133.0M | 205.0M | 229.0M | 134.0M | 70.0M | 30.7M | 31.1M |
| Minority Interest | -4.4M | 3.0M | -2.9M | -2.7M | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -2.64 | -2.09 | -2.11 | -0.18 | 1.52 | 3.88 | 4.51 | 2.64 | 1.45 | 1.53 | 1.16 |
| Eps Diluted | -2.64 | -2.09 | -2.11 | -0.18 | 1.52 | 3.88 | 4.51 | 2.64 | 1.45 | 1.53 | 1.16 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 229.0M | 228.0M | 337.0M | 560.0M | 587.0M | 136.0M | 316.0M | 161.0M | 33.2M | 13.9M | 36.3M |
| Trading Financial Assets | -- | -- | 110.0M | 100.0M | 382.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 535.0M | 669.0M | 293.0M | 353.0M | 251.0M | 694.0M | 479.0M | 319.0M | 279.0M | 160.0M | 32.6M |
| Notes Receivable | 5.0M | 7.4M | 5.0M | -- | 839,400 | 2.6M | 2.6M | 8.6M | -- | -- | -- |
| Notes And Accounts Receivable | 540.0M | 677.0M | 298.0M | 353.0M | 252.0M | 696.0M | 481.0M | 327.0M | 279.0M | 160.0M | 32.6M |
| Prepayments | 22.3M | 39.1M | 25.8M | 22.4M | 14.0M | 9.3M | 10.6M | 7.1M | 4.5M | 4.5M | 13.9M |
| Inventory | 23.3M | 29.2M | 13.3M | 14.4M | 10.3M | 569.0M | 391.0M | 258.0M | 120.0M | 83.5M | 235.0M |
| Total Current Assets | 1.4B | 1.7B | 2.1B | 2.4B | 2.6B | 1.6B | 1.3B | 827.0M | 459.0M | 275.0M | 333.0M |
| Long Term Equity Investment | 10.0M | 11.5M | 1.8M | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 184.0M | 130.0M | 108.0M | 95.1M | 95.2M | 63.0M | 57.7M | -- | 1.6M | 2.3M |
| Fixed Assets Total | 206.0M | 184.0M | 130.0M | 108.0M | 95.1M | 95.2M | 63.0M | 57.7M | 5.0M | 1.6M | 2.3M |
| Construction In Progress | -- | 11.1M | -- | 12.0M | 6.5M | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 7.5M | 11.1M | -- | 12.0M | 6.5M | -- | -- | -- | 35.5M | -- | -- |
| Intangible Assets | 15.7M | 13.4M | 958,800 | 932,300 | 1.2M | 1.4M | 1.0M | 1.0M | 313,600 | 356,800 | 101,500 |
| Long Term Deferred Expenses | 25.7M | 20.5M | 250,000 | 400,000 | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 451.0M | 440.0M | 259.0M | 195.0M | 160.0M | 118.0M | 78.7M | 65.4M | 57.4M | 13.6M | 3.1M |
| Total Assets | 1.9B | 2.1B | 2.3B | 2.6B | 2.8B | 1.7B | 1.4B | 892.0M | 517.0M | 288.0M | 337.0M |
| Short Term Borrowings | 79.3M | 95.3M | 77.0M | 80.5M | 34.0M | 159.0M | 118.0M | 69.7M | 36.0M | 36.0M | 36.0M |
| Accounts Payable | 188.0M | 160.0M | 219.0M | 222.0M | 330.0M | 368.0M | 415.0M | 313.0M | 205.0M | 85.3M | 117.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 5.8M | 55.2M | 24.3M | 8.9M | 4.7M | 61.1M |
| Contract Liabilities | 15.5M | 20.7M | 3.5M | 2.2M | 2.5M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 443.0M | 449.0M | 510.0M | 584.0M | 695.0M | 774.0M | 775.0M | 494.0M | 281.0M | 184.0M | 252.0M |
| Long Term Borrowings | -- | -- | -- | -- | -- | -- | -- | 30.0M | -- | -- | -- |
| Total Non Current Liabilities | 56.5M | 51.7M | 5.0M | 6.8M | 5.1M | 200,000 | 200,000 | 30.0M | -- | -- | -- |
| Total Liabilities | 499.0M | 500.0M | 515.0M | 591.0M | 700.0M | 774.0M | 775.0M | 524.0M | 281.0M | 184.0M | 252.0M |
| Paid In Capital | 99.3M | 99.3M | 99.3M | 99.3M | 70.9M | 53.2M | 50.8M | 50.8M | 50.8M | 20.1M | 20.1M |
| Capital Reserve | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 220.0M | 119.0M | 119.0M | 119.0M | 89.0M | -- |
| Surplus Reserve | 44.4M | 44.4M | 44.4M | 44.4M | 44.4M | 44.4M | 44.4M | 21.4M | 8.0M | 1.6M | 5.7M |
| Retained Earnings | -34.0M | 228.0M | 435.0M | 644.0M | 704.0M | 574.0M | 368.0M | 162.0M | 44.1M | -13.3M | 55.8M |
| Minority Equity | 49.3M | 52.6M | -979,400 | 697,500 | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.3B | 1.6B | 1.8B | 2.0B | 2.1B | 908.0M | 599.0M | 368.0M | 236.0M | 104.0M | 85.0M |
| Total Equity | 1.4B | 1.6B | 1.8B | 2.0B | 2.1B | 908.0M | 599.0M | 368.0M | 236.0M | 104.0M | 85.0M |
| 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 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 469.0M | 320.0M | 406.0M | 593.0M | 648.0M | 604.0M | 895.0M | 775.0M | 449.0M | 272.0M | 338.0M |
| Tax Refunds Received | 5,900 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 586.0M | 351.0M | 435.0M | 644.0M | 685.0M | 659.0M | 948.0M | 837.0M | 492.0M | 335.0M | 426.0M |
| Cash Paid For Goods | 239.0M | 269.0M | 372.0M | 661.0M | 500.0M | 621.0M | 598.0M | 550.0M | 334.0M | 254.0M | 282.0M |
| Cash Paid To Employees | 86.7M | 118.0M | 105.0M | 132.0M | 104.0M | 117.0M | 89.9M | 43.5M | 24.3M | 14.7M | 13.5M |
| Taxes Paid | 16.2M | 10.5M | 10.1M | 32.9M | 53.0M | 44.3M | 58.2M | 39.1M | 40.4M | 20.8M | 11.8M |
| Total Operating Cash Outflow | 507.0M | 471.0M | 546.0M | 913.0M | 731.0M | 889.0M | 826.0M | 755.0M | 463.0M | 378.0M | 394.0M |
| Operating Cash Flow | 78.5M | -120.0M | -111.0M | -270.0M | -45.9M | -230.0M | 122.0M | 82.1M | 28.1M | -42.7M | 32.1M |
| Total Investing Cash Inflow | 1.4M | 312.0M | 503.0M | 1.3B | 171.0M | 211,300 | 8,072 | 91,700 | 350,000 | 3,560 | 9,500 |
| Total Investing Cash Outflow | 20.8M | 247.0M | 556.0M | 992.0M | 556.0M | 38.7M | 8.3M | 8.7M | 41.3M | 378,500 | 1.6M |
| Investing Cash Flow | -19.4M | 64.3M | -53.4M | 265.0M | -385.0M | -38.5M | -8.3M | -8.6M | -40.9M | -375,000 | -1.6M |
| Cash From Borrowings | 64.8M | 78.0M | 47.5M | 57.2M | 110.0M | 186.0M | 128.0M | 125.0M | 60.0M | 40.0M | 40.0M |
| Dividends And Interest Paid | 3.3M | 2.0M | 4.1M | 13.8M | 6.5M | 7.6M | 6.2M | 6.0M | 1.5M | 2.3M | 2.6M |
| Debt Repayments | 102.0M | 102.0M | 63.8M | 25.0M | 244.0M | 174.0M | 79.7M | 61.2M | 60.0M | 40.0M | 40.0M |
| Total Financing Cash Inflow | 89.1M | 115.0M | 62.2M | 95.6M | 1.2B | 301.0M | 128.0M | 125.0M | 123.0M | 78.8M | 54.5M |
| Total Financing Cash Outflow | 146.0M | 162.0M | 102.0M | 110.0M | 351.0M | 233.0M | 88.9M | 69.7M | 91.3M | 57.8M | 59.5M |
| Financing Cash Flow | -56.5M | -47.5M | -40.0M | -13.9M | 869.0M | 68.3M | 38.6M | 55.2M | 31.5M | 21.0M | -4.9M |
| Net Change In Cash | 2.5M | -104.0M | -204.0M | -18.4M | 438.0M | -200.0M | 153.0M | 129.0M | 18.7M | -22.1M | 25.6M |
| Ending Cash Balance | 226.0M | 223.0M | 327.0M | 531.0M | 549.0M | 112.0M | 312.0M | 159.0M | 30.2M | 11.5M | 33.6M |
| Capex | 19.5M | 25.1M | 6.8M | 19.7M | 5.9M | 38.7M | 8.3M | 8.7M | 41.3M | 378,500 | 1.6M |