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 |
|---|---|---|---|---|---|---|---|
| Revenue | 144.0M | 201.0M | 233.0M | 222.0M | 166.0M | 105.0M | 65.8M |
| Revenue Growth % | -28.4% | -13.7% | 5.0% | 33.7% | 58.1% | 59.7% | -- |
| Total Revenue | 144.0M | 201.0M | 233.0M | 222.0M | 166.0M | 105.0M | 65.8M |
| Cost Of Revenue | 91.6M | 92.4M | 74.9M | 56.3M | 38.9M | 24.3M | 20.0M |
| Gross Profit | 52.4M | 108.6M | 158.1M | 165.7M | 127.1M | 80.7M | 45.8M |
| Gross Margin % | 36.4% | 54.0% | 67.9% | 74.6% | 76.5% | 76.9% | 69.6% |
| Total Operating Cost | 195.0M | 170.0M | 144.0M | 115.0M | 81.9M | 66.8M | 41.7M |
| Selling Expenses | 20.6M | 18.6M | 14.7M | 14.6M | 10.5M | 5.7M | 4.3M |
| Admin Expenses | 41.2M | 30.7M | 24.3M | 21.1M | 16.4M | 21.0M | 9.3M |
| Rd Expenses | 24.3M | 22.3M | 21.3M | 16.4M | 12.9M | 10.4M | 5.9M |
| Finance Expenses | -1.1M | -3.3M | 17,100 | 2.0M | 725,200 | 1.0M | 451,000 |
| Operating Income | -34.6M | 50.1M | 99.4M | 111.0M | 88.8M | 40.0M | 25.8M |
| Operating Margin % | -24.0% | 24.9% | 42.7% | 50.0% | 53.5% | 38.1% | 39.3% |
| Non Operating Income | 2,300 | 2.0M | 500,000 | 2.0M | 700.00 | -- | -- |
| Non Operating Expenses | 394,000 | 133,000 | 100,200 | 188,100 | 102,200 | 159,300 | 16,200 |
| Investment Income | 12.0M | 15.2M | 5.1M | -- | -- | 10,500 | 474.66 |
| Asset Disposal Income | 862,700 | -- | -- | -- | -200.00 | -- | 6,700 |
| Asset Impairment Loss | 5.3M | -- | -- | -- | -- | -- | 1.3M |
| Other Income | 4.2M | 4.4M | 5.7M | 4.7M | 5.1M | 2.2M | 1.8M |
| Income Before Tax | -35.0M | 52.0M | 99.8M | 113.0M | 88.7M | 39.8M | 25.8M |
| Income Tax | -10.2M | 5.5M | 8.4M | 16.1M | 12.9M | 5.2M | 3.5M |
| Net Income | -24.8M | 46.6M | 91.4M | 97.1M | 75.7M | 34.6M | 22.3M |
| Net Margin % | -17.2% | 23.2% | 39.2% | 43.7% | 45.6% | 32.9% | 33.9% |
| Net Income Attributable | -21.0M | 47.8M | 91.4M | 97.1M | 75.5M | 33.9M | 22.2M |
| Minority Interest | -3.8M | -1.3M | -- | -- | 250,600 | 717,000 | 49,600 |
| Eps Basic | -0.21 | 0.48 | 1.07 | 1.29 | 1.02 | -- | -- |
| Eps Diluted | -0.21 | 0.48 | 1.07 | 1.29 | 1.02 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 223.0M | 308.0M | 168.0M | 48.9M | 35.6M | 12.7M | 6.0M |
| Accounts Receivable | 165.0M | 187.0M | 194.0M | 120.0M | 95.8M | 55.8M | 34.1M |
| Notes Receivable | 51.9M | 79.5M | 71.1M | 76.0M | 48.7M | 24.1M | 11.2M |
| Notes And Accounts Receivable | 217.0M | 266.0M | 265.0M | 196.0M | 144.0M | 79.9M | 45.4M |
| Prepayments | 2.8M | 991,200 | 3.5M | 1.2M | 374,800 | 366,800 | 50,300 |
| Inventory | 18.5M | 7.8M | 6.7M | 5.8M | 6.6M | 6.7M | 2.7M |
| Total Current Assets | 1.2B | 1.3B | 1.5B | 256.0M | 189.0M | 103.0M | 58.9M |
| Fixed Assets | -- | -- | 178.0M | 121.0M | 84.1M | 69.5M | 45.9M |
| Fixed Assets Total | 535.0M | 280.0M | 178.0M | 121.0M | 84.1M | 69.5M | 45.9M |
| Construction In Progress | -- | -- | 11.4M | 1.2M | 90,500 | 92,700 | 102,700 |
| Construction In Progress Total | 1.7M | 111.0M | 11.4M | 1.2M | 90,500 | 92,700 | 102,700 |
| Intangible Assets | 10.9M | 12.3M | 5.9M | 6.6M | 2.1M | 2.8M | 3.6M |
| Long Term Deferred Expenses | 33.4M | 5.6M | 2.9M | 5.6M | 4.4M | 5.9M | 5.8M |
| Total Non Current Assets | 666.0M | 503.0M | 263.0M | 153.0M | 104.0M | 82.6M | 62.0M |
| Total Assets | 1.8B | 1.8B | 1.7B | 409.0M | 293.0M | 185.0M | 121.0M |
| Short Term Borrowings | -- | -- | -- | 27.5M | 21.4M | 16.0M | 9.0M |
| Accounts Payable | 82.0M | 30.8M | 17.6M | 16.4M | 13.2M | 28.7M | 14.2M |
| Advance Receipts | 508,000 | 123,900 | 90,900 | 138,900 | 13,600 | 510,100 | 463,500 |
| Contract Liabilities | 283,000 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 110.0M | 55.9M | 50.2M | 83.4M | 69.3M | 58.9M | 42.0M |
| Total Non Current Liabilities | 61.6M | 58.6M | 14.7M | 7.6M | 2.1M | 1.8M | 291,100 |
| Total Liabilities | 171.0M | 114.0M | 64.9M | 91.0M | 71.4M | 60.8M | 42.3M |
| Paid In Capital | 100.0M | 100.0M | 100.0M | 75.0M | 75.0M | 50.0M | 50.0M |
| Capital Reserve | 1.3B | 1.3B | 1.3B | 38.8M | 38.8M | 11.7M | 361,200 |
| Surplus Reserve | 11.9M | 11.9M | 9.7M | 6.2M | 3.1M | 3.1M | 1.7M |
| Retained Earnings | 280.0M | 331.0M | 286.0M | 198.0M | 104.0M | 54.8M | 22.4M |
| Minority Equity | 42.8M | 46.6M | -- | -- | -- | 4.9M | 4.2M |
| Equity Attributable | 1.6B | 1.7B | 1.7B | 318.0M | 221.0M | 120.0M | 74.4M |
| Total Equity | 1.7B | 1.7B | 1.7B | 318.0M | 221.0M | 125.0M | 78.6M |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash From Sales | 196.0M | 220.0M | 164.0M | 166.0M | 105.0M | 62.6M | 39.6M |
| Tax Refunds Received | -- | 2.3M | 333,800 | -- | -- | -- | -- |
| Total Operating Cash Inflow | 205.0M | 233.0M | 171.0M | 173.0M | 110.0M | 65.0M | 41.7M |
| Cash Paid For Goods | 53.9M | 45.0M | 31.5M | 26.0M | 20.7M | 14.0M | 11.7M |
| Cash Paid To Employees | 83.7M | 81.0M | 70.5M | 51.4M | 30.6M | 21.2M | 13.5M |
| Taxes Paid | 5.4M | 11.4M | 19.1M | 17.6M | 10.2M | 7.8M | 4.1M |
| Total Operating Cash Outflow | 169.0M | 163.0M | 143.0M | 114.0M | 75.2M | 52.1M | 35.0M |
| Operating Cash Flow | 35.4M | 69.8M | 28.7M | 58.4M | 35.1M | 12.9M | 6.7M |
| Total Investing Cash Inflow | 830.0M | 1.2B | -- | -- | 44.24 | 13.5M | 1.9M |
| Total Investing Cash Outflow | 888.0M | 1.0B | 1.1B | 50.4M | 54.9M | 19.6M | 45.6M |
| Investing Cash Flow | -58.4M | 117.0M | -1.1B | -50.4M | -54.9M | -6.0M | -43.6M |
| Cash From Borrowings | -- | -- | 8.0M | 27.3M | 23.2M | 19.4M | 10.5M |
| Dividends And Interest Paid | 30.7M | -- | 632,400 | 1.4M | 7.0M | 757,600 | 1.5M |
| Debt Repayments | -- | 5.0M | 35.3M | 15.4M | 23.8M | 12.4M | 6.5M |
| Total Financing Cash Inflow | -- | -- | 1.3B | 39.7M | 75.8M | 41.3M | 70.3M |
| Total Financing Cash Outflow | 62.8M | 46.0M | 78.7M | 36.5M | 33.6M | 41.5M | 31.5M |
| Financing Cash Flow | -62.8M | -46.0M | 1.2B | 3.2M | 42.1M | -156,900 | 38.8M |
| Net Change In Cash | -85.8M | 141.0M | 121.0M | 11.2M | 22.3M | 6.7M | 1.8M |
| Ending Cash Balance | 223.0M | 308.0M | 168.0M | 46.2M | 35.0M | 12.7M | 6.0M |
| Capex | 147.0M | 183.0M | 121.0M | 50.4M | 49.6M | 9.3M | 8.3M |