Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | 3.1B | 3.2B | 3.1B | 2.9B | 2.9B |
| Revenue Growth % | -3.0% | 2.5% | 7.8% | -0.4% | -- |
| Total Revenue | 3.1B | 3.2B | 3.1B | 2.9B | 2.9B |
| Cost Of Revenue | 2.5B | 2.4B | 2.4B | 2.2B | 2.0B |
| Gross Profit | 589.0M | 763.0M | 733.0M | 621.0M | 894.0M |
| Gross Margin % | 19.2% | 24.2% | 23.8% | 21.7% | 31.1% |
| Total Operating Cost | 3.0B | 2.9B | 2.8B | 2.7B | 2.4B |
| Selling Expenses | 266.0M | 262.0M | 239.0M | 216.0M | 211.0M |
| Admin Expenses | 181.0M | 190.0M | 171.0M | 164.0M | 157.0M |
| Rd Expenses | 110.0M | 103.0M | 85.7M | 70.4M | 79.5M |
| Finance Expenses | -26.6M | -38.6M | -39.8M | -35.6M | -21.2M |
| Operating Income | 44.4M | 233.0M | 274.0M | 197.0M | 460.0M |
| Operating Margin % | 1.5% | 7.4% | 8.9% | 6.9% | 16.0% |
| Non Operating Income | 4.6M | 6.8M | 890,000 | 1.4M | 1.5M |
| Non Operating Expenses | 2.4M | 1.2M | 2.6M | 2.5M | 2.5M |
| Investment Income | -- | -- | -- | -- | 957,500 |
| Fair Value Change Income | -- | -- | -- | -- | -- |
| Asset Disposal Income | -826,200 | 166,100 | 373,000 | -159,500 | -18,700 |
| Asset Impairment Loss | 5.4M | 5.2M | -2.2M | 5.8M | 2.3M |
| Other Income | 17.3M | 17.5M | 20.9M | 17.2M | 18.5M |
| Income Before Tax | 46.6M | 239.0M | 272.0M | 196.0M | 459.0M |
| Income Tax | 5.9M | 37.5M | 39.4M | 35.3M | 90.3M |
| Net Income | 40.7M | 201.0M | 233.0M | 161.0M | 369.0M |
| Net Margin % | 1.3% | 6.4% | 7.6% | 5.6% | 12.8% |
| Net Income Attributable | 40.7M | 201.0M | 232.0M | 161.0M | 368.0M |
| Minority Interest | -- | 45,700 | 107,600 | 20,600 | 639,300 |
| Eps Basic | 0.10 | 0.48 | 0.55 | 0.38 | 0.92 |
| Eps Diluted | 0.10 | 0.48 | 0.55 | 0.38 | 0.92 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 860.0M | 1.3B | 1.7B | 2.1B | 2.0B |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 213.0M | 194.0M | 181.0M | 200.0M | 219.0M |
| Notes Receivable | 20,000 | 168,300 | 462,400 | 68,500 | 119,600 |
| Notes And Accounts Receivable | 213.0M | 194.0M | 181.0M | 200.0M | 219.0M |
| Prepayments | 16.8M | 13.3M | 9.8M | 15.1M | 19.5M |
| Inventory | 652.0M | 653.0M | 497.0M | 570.0M | 556.0M |
| Total Current Assets | 2.2B | 2.3B | 2.4B | 2.9B | 2.8B |
| Fixed Assets | 1.2B | 1.1B | 1.1B | 1.1B | 1.0B |
| Fixed Assets Total | 1.2B | 1.1B | 1.1B | 1.1B | 1.0B |
| Construction In Progress | 273.0M | 117.0M | 45.9M | 15.4M | 42.5M |
| Construction In Progress Total | 273.0M | 117.0M | 45.9M | 15.4M | 42.5M |
| Intangible Assets | 62.9M | 63.7M | 67.1M | 58.3M | 59.9M |
| Long Term Deferred Expenses | 14.5M | 19.6M | 20.5M | 26.4M | 24.5M |
| Total Non Current Assets | 2.0B | 2.0B | 1.7B | 1.3B | 1.3B |
| Total Assets | 4.2B | 4.3B | 4.1B | 4.2B | 4.1B |
| Short Term Borrowings | 238.0M | 250.0M | 236.0M | 348.0M | 291.0M |
| Accounts Payable | 221.0M | 252.0M | 176.0M | 194.0M | 221.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 39.1M | 78.3M | 53.9M | 38.0M | 68.4M |
| Total Current Liabilities | 693.0M | 792.0M | 682.0M | 833.0M | 836.0M |
| Long Term Borrowings | 22.1M | -- | -- | -- | -- |
| Total Non Current Liabilities | 128.0M | 63.0M | 65.0M | 76.2M | 83.6M |
| Total Liabilities | 820.0M | 855.0M | 747.0M | 909.0M | 919.0M |
| Paid In Capital | 424.0M | 424.0M | 426.0M | 428.0M | 428.0M |
| Capital Reserve | 1.2B | 1.2B | 1.2B | 1.3B | 1.2B |
| Surplus Reserve | 256.0M | 255.0M | 254.0M | 220.0M | 209.0M |
| Retained Earnings | 1.6B | 1.6B | 1.5B | 1.4B | 1.4B |
| Minority Equity | -- | -- | 2.7M | 2.6M | 2.5M |
| Equity Attributable | 3.4B | 3.5B | 3.3B | 3.2B | 3.2B |
| Total Equity | 3.4B | 3.5B | 3.3B | 3.3B | 3.2B |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 3.8B | 4.0B | 3.9B | 3.6B | 3.5B |
| Tax Refunds Received | 2,900 | 1,500 | 11,300 | 960,700 | 141,800 |
| Total Operating Cash Inflow | 3.8B | 4.0B | 3.9B | 3.6B | 3.5B |
| Cash Paid For Goods | 2.9B | 2.8B | 2.6B | 2.6B | 2.4B |
| Cash Paid To Employees | 410.0M | 385.0M | 332.0M | 310.0M | 283.0M |
| Taxes Paid | 123.0M | 174.0M | 184.0M | 196.0M | 262.0M |
| Total Operating Cash Outflow | 3.8B | 3.8B | 3.5B | 3.4B | 3.3B |
| Operating Cash Flow | 52.9M | 232.0M | 421.0M | 201.0M | 213.0M |
| Total Investing Cash Inflow | 40.2M | 51.1M | 50.7M | 35.5M | 133.0M |
| Total Investing Cash Outflow | 399.0M | 735.0M | 551.0M | 112.0M | 170.0M |
| Investing Cash Flow | -359.0M | -684.0M | -500.0M | -76.5M | -36.9M |
| Cash From Borrowings | 404.0M | 405.0M | 322.0M | 370.0M | 336.0M |
| Dividends And Interest Paid | 77.3M | 53.9M | 137.0M | 150.0M | 127.0M |
| Debt Repayments | 384.0M | 391.0M | 434.0M | 303.0M | 513.0M |
| Total Financing Cash Inflow | 404.0M | 405.0M | 322.0M | 378.0M | 1.4B |
| Total Financing Cash Outflow | 482.0M | 542.0M | 619.0M | 471.0M | 673.0M |
| Financing Cash Flow | -77.7M | -137.0M | -296.0M | -93.0M | 762.0M |
| Net Change In Cash | -383.0M | -589.0M | -377.0M | 31.3M | 938.0M |
| Ending Cash Balance | 691.0M | 1.1B | 1.7B | 2.0B | 2.0B |
| Capex | 371.0M | 208.0M | 180.0M | 112.0M | 110.0M |