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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 483.0M | 348.0M | 230.0M | 301.0M | 347.0M | 313.0M | 283.0M | 201.0M | 191.0M | 140.0M | 110.0M | 92.8M |
| Revenue Growth % | 38.8% | 51.3% | -23.6% | -13.3% | 10.9% | 10.6% | 40.8% | 5.2% | 36.4% | 27.3% | 18.6% | -- |
| Total Revenue | 483.0M | 348.0M | 230.0M | 301.0M | 347.0M | 313.0M | 283.0M | 201.0M | 191.0M | 140.0M | 110.0M | 92.8M |
| Cost Of Revenue | 280.0M | 213.0M | 108.0M | 135.0M | 170.0M | 116.0M | 106.0M | 83.2M | 74.9M | 79.6M | 66.8M | 54.7M |
| Gross Profit | 203.0M | 135.0M | 122.0M | 166.0M | 177.0M | 197.0M | 177.0M | 117.8M | 116.1M | 60.4M | 43.2M | 38.1M |
| Gross Margin % | 42.0% | 38.8% | 53.0% | 55.1% | 51.0% | 62.9% | 62.5% | 58.6% | 60.8% | 43.1% | 39.2% | 41.0% |
| Total Operating Cost | 435.0M | 319.0M | 184.0M | 204.0M | 232.0M | 188.0M | 163.0M | 155.0M | 111.0M | 112.0M | 91.1M | 76.9M |
| Selling Expenses | 21.2M | 14.0M | 12.0M | 11.5M | 10.9M | 10.3M | 11.3M | 9.3M | 6.8M | 7.2M | 5.9M | 4.7M |
| Admin Expenses | 84.8M | 59.8M | 38.2M | 37.0M | 27.8M | 33.4M | 26.2M | 45.4M | 11.4M | 21.5M | 16.6M | 13.2M |
| Rd Expenses | 25.5M | 26.9M | 22.6M | 22.9M | 19.5M | 21.1M | 14.3M | 11.3M | 9.8M | -- | -- | -- |
| Finance Expenses | -3.4M | -10.3M | -8.5M | -12.0M | 162,700 | 359,100 | 564,800 | 1.3M | -56,700 | 1.7M | 1.5M | 1.6M |
| Operating Income | 49.0M | 31.5M | 49.4M | 97.8M | 120.0M | 127.0M | 121.0M | 47.3M | 79.8M | 28.1M | 19.0M | 15.8M |
| Operating Margin % | 10.1% | 9.0% | 21.5% | 32.5% | 34.6% | 40.6% | 42.8% | 23.5% | 41.8% | 20.0% | 17.3% | 17.1% |
| Non Operating Income | 286,800 | 6.5M | 4.6M | 56,100 | 2.1M | 1.9M | 3.8M | 112,900 | 2.6M | 2.4M | 4,400 | 4,800 |
| Non Operating Expenses | 198,700 | 271,300 | 915,600 | 536,300 | 107,400 | 28,200 | 191,200 | 171,600 | 132,300 | 30,500 | 547,100 | 6,900 |
| Investment Income | -540,100 | -87,600 | 2.3M | 28,000 | 2.1M | 1.3M | 681,800 | 40,300 | 315,700 | 4,008 | -- | -- |
| Asset Disposal Income | 310,900 | -- | 205,600 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 13.3M | 5.7M | 4.6M | 3.8M | 2.4M | 2.3M | 1.2M | 2.2M | 5.7M | 412,300 | -807,600 | 2.0M |
| Other Income | 1.3M | 2.1M | 1.6M | 942,700 | 2.3M | 563,000 | 483,000 | 375,500 | -- | -- | -- | -- |
| Income Before Tax | 49.0M | 37.7M | 53.1M | 97.3M | 122.0M | 129.0M | 125.0M | 47.2M | 82.3M | 30.5M | 18.5M | 15.8M |
| Income Tax | 10.7M | 7.5M | 6.6M | 12.4M | 17.2M | 18.5M | 18.6M | 11.6M | 12.4M | 9.9M | 3.1M | 2.4M |
| Net Income | 38.4M | 30.2M | 46.5M | 84.9M | 104.0M | 110.0M | 106.0M | 35.6M | 69.9M | 20.6M | 15.4M | 13.4M |
| Net Margin % | 7.9% | 8.7% | 20.2% | 28.2% | 30.0% | 35.1% | 37.5% | 17.7% | 36.6% | 14.7% | 14.0% | 14.4% |
| Net Income Attributable | 38.9M | 30.6M | 46.8M | 84.5M | 104.0M | 110.0M | 106.0M | 35.6M | 69.9M | 20.6M | 15.4M | 13.4M |
| Minority Interest | -495,700 | -387,900 | -295,400 | 382,400 | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.21 | 0.21 | 0.33 | 0.62 | 1.29 | 1.36 | 1.31 | 0.48 | 0.93 | 0.69 | 1.54 | 2.31 |
| Eps Diluted | 0.21 | 0.21 | 0.33 | 0.62 | 1.29 | -- | 1.31 | 0.48 | 0.93 | 0.69 | 1.54 | 2.31 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 150.0M | 353.0M | 420.0M | 485.0M | 114.0M | 63.4M | 144.0M | 58.3M | 19.3M | 20.4M | 20.5M | 20.5M |
| Trading Financial Assets | -- | -- | 5.0M | -- | -- | 60.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 450.0M | 336.0M | 239.0M | 201.0M | 193.0M | 163.0M | 164.0M | 163.0M | -- | 66.2M | 61.5M | 55.5M |
| Notes Receivable | 72.8M | 424,400 | 8.0M | 26.2M | 1.3M | 28.5M | 24.2M | 77.3M | -- | 6.0M | 2.1M | 8.8M |
| Notes And Accounts Receivable | 523.0M | 337.0M | 247.0M | 227.0M | 194.0M | 192.0M | 188.0M | 240.0M | 213.0M | 72.2M | 63.6M | 64.3M |
| Prepayments | 6.8M | 6.1M | 4.1M | 5.3M | 7.7M | 4.3M | 2.4M | 6.5M | 3.4M | 2.3M | 2.9M | 3.4M |
| Inventory | 185.0M | 159.0M | 132.0M | 110.0M | 131.0M | 155.0M | 137.0M | 97.9M | 64.3M | 24.9M | 26.8M | 28.0M |
| Total Current Assets | 886.0M | 879.0M | 825.0M | 840.0M | 495.0M | 491.0M | 508.0M | 404.0M | 304.0M | 131.0M | 115.0M | 118.0M |
| Fixed Assets | -- | 275.0M | 54.0M | 46.8M | 36.4M | 39.1M | 38.8M | 38.4M | -- | 40.9M | 44.1M | 5.7M |
| Fixed Assets Total | 286.0M | 275.0M | 54.0M | 46.8M | 36.4M | 39.1M | 38.8M | 38.4M | 38.5M | 40.9M | 44.1M | 5.7M |
| Construction In Progress | -- | 920,400 | 188.0M | 148.0M | 35.2M | 1.2M | 32,100 | -- | -- | -- | -- | 26.2M |
| Construction In Progress Total | -- | 920,400 | 188.0M | 148.0M | 35.2M | 1.2M | 32,100 | -- | -- | -- | -- | 26.2M |
| Intangible Assets | 57.3M | 56.8M | 57.1M | 59.4M | 59.3M | 52.7M | 10.9M | 10.2M | 10.5M | 11.5M | 11.7M | 12.0M |
| Long Term Deferred Expenses | 50,500 | 62,300 | -- | -- | -- | -- | -- | -- | -- | 56,500 | 131,800 | 207,200 |
| Total Non Current Assets | 413.0M | 386.0M | 320.0M | 276.0M | 138.0M | 104.0M | 53.2M | 51.1M | 51.1M | 53.1M | 56.5M | 44.7M |
| Total Assets | 1.3B | 1.3B | 1.1B | 1.1B | 633.0M | 595.0M | 561.0M | 455.0M | 355.0M | 184.0M | 172.0M | 163.0M |
| Short Term Borrowings | 13.0M | 33.0M | 5.0M | -- | -- | 1.0M | -- | 10.0M | 1.0M | 1.0M | 23.0M | 20.5M |
| Accounts Payable | 126.0M | 114.0M | 119.0M | 99.2M | 54.0M | 79.3M | 83.5M | 78.1M | -- | 44.1M | 29.4M | 26.1M |
| Advance Receipts | 893,300 | 898,300 | -- | -- | -- | 1.9M | 1.1M | 193,800 | 93,700 | 219,200 | 74,900 | 402,400 |
| Contract Liabilities | 1.0M | 3.7M | 1.2M | 1.3M | 209,800 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 272.0M | 270.0M | 163.0M | 142.0M | 98.5M | 125.0M | 161.0M | 136.0M | 108.0M | 54.9M | 63.5M | 64.0M |
| Total Non Current Liabilities | 5.6M | 8.8M | 9.1M | 4.3M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Liabilities | 278.0M | 279.0M | 172.0M | 146.0M | 98.5M | 125.0M | 161.0M | 136.0M | 108.0M | 54.9M | 63.5M | 64.0M |
| Paid In Capital | 188.0M | 145.0M | 140.0M | 108.0M | 81.0M | 81.0M | 81.0M | 81.0M | 30.0M | 10.0M | 10.0M | 10.0M |
| Capital Reserve | 420.0M | 455.0M | 427.0M | 459.0M | 94.0M | 94.0M | 94.0M | 94.0M | 78.1M | 98.1M | -- | 1.0M |
| Surplus Reserve | 62.8M | 60.2M | 58.2M | 53.9M | 45.4M | 34.7M | 23.5M | 12.6M | 9.1M | 2.0M | 10.7M | 9.1M |
| Retained Earnings | 375.0M | 353.0M | 346.0M | 347.0M | 314.0M | 261.0M | 202.0M | 131.0M | 129.0M | 18.6M | 87.4M | 79.0M |
| Minority Equity | 2.8M | 1.0M | 1.4M | 1.7M | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.0B | 985.0M | 971.0M | 968.0M | 534.0M | 470.0M | 401.0M | 319.0M | 246.0M | 129.0M | 108.0M | 99.1M |
| Total Equity | 1.0B | 986.0M | 973.0M | 969.0M | 534.0M | 470.0M | 401.0M | 319.0M | 246.0M | 129.0M | 108.0M | 99.1M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 232.0M | 204.0M | 170.0M | 262.0M | 274.0M | 259.0M | 331.0M | 169.0M | 95.6M | 157.0M | 130.0M | 80.2M |
| Tax Refunds Received | -- | -- | -- | 17,300 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 236.0M | 220.0M | 186.0M | 271.0M | 282.0M | 268.0M | 335.0M | 172.0M | 99.1M | 167.0M | 134.0M | 81.7M |
| Cash Paid For Goods | 107.0M | 99.1M | 65.4M | 49.8M | 128.0M | 112.0M | 83.5M | 67.2M | 41.3M | 62.8M | 69.0M | 22.6M |
| Cash Paid To Employees | 78.8M | 71.3M | 45.8M | 44.1M | 42.2M | 42.2M | 30.8M | 20.5M | 15.8M | 11.7M | 9.2M | 6.7M |
| Taxes Paid | 39.2M | 28.9M | 17.0M | 35.6M | 44.7M | 58.4M | 50.2M | 39.3M | 20.6M | 25.2M | 17.8M | 13.9M |
| Total Operating Cash Outflow | 286.0M | 241.0M | 163.0M | 170.0M | 228.0M | 225.0M | 189.0M | 144.0M | 89.6M | 130.0M | 113.0M | 63.8M |
| Operating Cash Flow | -50.2M | -20.4M | 23.1M | 101.0M | 54.7M | 43.3M | 146.0M | 28.4M | 9.5M | 37.5M | 20.3M | 17.9M |
| Total Investing Cash Inflow | 6,309 | 5.9M | 143.0M | 5.0M | 419.0M | 161.0M | 157.0M | 23.2M | 87.2M | 5.0M | -- | -- |
| Total Investing Cash Outflow | 88.7M | 88.2M | 190.0M | 85.9M | 378.0M | 234.0M | 197.0M | 23.8M | 81.7M | 18.1M | 18.1M | 10.2M |
| Investing Cash Flow | -88.7M | -82.3M | -47.6M | -80.9M | 41.9M | -73.4M | -40.0M | -681,700 | 5.5M | -13.1M | -18.1M | -10.2M |
| Cash From Borrowings | 18.0M | 33.0M | 5.0M | -- | -- | 18.8M | -- | 35.0M | 5.0M | 1.6M | 32.0M | 27.6M |
| Dividends And Interest Paid | 18.2M | 21.5M | 43.4M | 43.2M | 40.5M | 45.1M | 19.8M | 30.8M | 15.1M | 6.1M | 2.2M | 4.2M |
| Debt Repayments | 55.0M | 5.0M | -- | -- | 1.0M | 17.8M | 10.0M | 26.0M | 5.0M | 23.6M | 29.5M | 26.1M |
| Total Financing Cash Inflow | 18.0M | 61.1M | 5.0M | 405.0M | -- | 18.8M | -- | 71.0M | 5.0M | 1.6M | 32.0M | 32.8M |
| Total Financing Cash Outflow | 76.2M | 28.3M | 47.5M | 57.6M | 42.5M | 63.0M | 29.8M | 56.8M | 20.1M | 29.7M | 31.7M | 30.3M |
| Financing Cash Flow | -58.2M | 32.8M | -42.5M | 348.0M | -42.5M | -44.1M | -29.8M | 14.2M | -15.1M | -28.1M | 305,800 | 2.5M |
| Net Change In Cash | -197.0M | -70.0M | -67.0M | 368.0M | 54.1M | -74.2M | 76.4M | 42.0M | -55,000 | -3.6M | 2.4M | 10.2M |
| Ending Cash Balance | 147.0M | 344.0M | 414.0M | 481.0M | 114.0M | 59.5M | 134.0M | 57.3M | 15.3M | 15.4M | 19.0M | 16.6M |
| Capex | 50.5M | 51.0M | 45.4M | 76.1M | 20.6M | 48.4M | 4.8M | 3.5M | 942,900 | 3.1M | 18.1M | 10.2M |