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 | 297.0M | 282.0M | 266.0M | 309.0M | 263.0M | 251.0M | 162.0M | 138.0M | 131.0M | 121.0M | 68.0M | 32.8M |
| Revenue Growth % | 5.3% | 6.0% | -13.9% | 17.5% | 4.8% | 54.9% | 17.4% | 5.3% | 8.3% | 77.9% | 107.4% | -- |
| Total Revenue | 297.0M | 282.0M | 266.0M | 309.0M | 263.0M | 251.0M | 162.0M | 138.0M | 131.0M | 121.0M | 68.0M | 32.8M |
| Cost Of Revenue | 211.0M | 201.0M | 178.0M | 194.0M | 152.0M | 143.0M | 88.1M | 80.9M | 76.7M | 74.9M | 40.2M | 22.8M |
| Gross Profit | 86.0M | 81.0M | 88.0M | 115.0M | 111.0M | 108.0M | 73.9M | 57.1M | 54.3M | 46.1M | 27.8M | 10.0M |
| Gross Margin % | 29.0% | 28.7% | 33.1% | 37.2% | 42.2% | 43.0% | 45.6% | 41.4% | 41.4% | 38.1% | 40.9% | 30.5% |
| Total Operating Cost | 356.0M | 313.0M | 277.0M | 282.0M | 196.0M | 181.0M | 120.0M | 109.0M | 99.9M | 94.7M | 55.1M | 34.2M |
| Selling Expenses | 20.8M | 23.2M | 15.1M | 13.4M | 5.8M | 7.1M | 6.0M | 5.2M | 3.1M | 3.4M | 2.6M | 2.2M |
| Admin Expenses | 21.5M | 19.3M | 17.5M | 16.8M | 10.5M | 10.4M | 8.8M | 10.1M | 9.0M | 14.4M | 11.3M | 7.4M |
| Rd Expenses | 66.2M | 64.3M | 60.6M | 50.3M | 21.6M | 16.7M | 12.5M | 9.6M | 8.6M | -- | -- | -- |
| Finance Expenses | -96,400 | -222,500 | -1.1M | -1.1M | -1.2M | 287,400 | 560,700 | 548,000 | 366,000 | 215,400 | 3,300 | -3,600 |
| Operating Income | -50.5M | -16.7M | 9.8M | 53.5M | 76.7M | 74.9M | 45.8M | 33.6M | 30.5M | 26.1M | 13.0M | -1.7M |
| Operating Margin % | -17.0% | -5.9% | 3.7% | 17.3% | 29.2% | 29.9% | 28.3% | 24.4% | 23.3% | 21.5% | 19.1% | -5.3% |
| Non Operating Income | 300.00 | 1,000 | 42.00 | 4.6M | 9.0M | 200.00 | 1.1M | 1.2M | 4.5M | 3.4M | 3.3M | 1.3M |
| Non Operating Expenses | 24,800 | 13,200 | 59,300 | 69,300 | 303,900 | 28,100 | 6,900 | 46,700 | 700.00 | 10,600 | 17,300 | -- |
| Investment Income | -130,200 | 1.4M | 6.1M | 17.2M | 6.5M | 181,800 | 52,100 | -86,700 | -151,200 | -21,100 | -166.05 | -291,100 |
| Fair Value Change Income | 2.4M | 5.2M | 6.9M | 170,800 | 56,400 | -- | -- | -- | -- | 155,100 | 109,500 | 12,300 |
| Asset Impairment Loss | 29.9M | -2,900 | -15,800 | -7,900 | 336,100 | 529,400 | 2.5M | 757,900 | 727,100 | 1.1M | 447,800 | 1.6M |
| Other Income | 5.9M | 7.6M | 8.2M | 9.2M | 3.0M | 4.8M | 3.9M | 4.4M | -- | -- | -- | -- |
| Income Before Tax | -50.5M | -16.7M | 9.7M | 58.0M | 85.5M | 74.9M | 46.9M | 34.7M | 35.0M | 29.5M | 16.3M | -410,900 |
| Income Tax | -12.9M | -8.5M | -5.5M | 5.1M | 11.3M | 9.5M | 5.6M | 4.5M | 5.1M | 4.8M | -207,700 | 236,600 |
| Net Income | -37.6M | -8.3M | 15.2M | 52.9M | 74.2M | 65.4M | 41.3M | 30.2M | 29.9M | 24.6M | 16.5M | -647,500 |
| Net Margin % | -12.7% | -2.9% | 5.7% | 17.1% | 28.2% | 26.1% | 25.5% | 21.9% | 22.8% | 20.4% | 24.3% | -2.0% |
| Net Income Attributable | -35.1M | -6.7M | 16.8M | 52.5M | 74.2M | 65.4M | 41.3M | 30.2M | 29.9M | 24.6M | 16.5M | -647,500 |
| Minority Interest | -2.5M | -1.5M | -1.6M | 386,800 | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.59 | -0.11 | 0.28 | 0.88 | 1.45 | 1.45 | 0.92 | 0.67 | 0.66 | 0.55 | 0.37 | -0.02 |
| Eps Diluted | -0.59 | -0.11 | 0.28 | 0.87 | 1.45 | 1.45 | 0.92 | 0.67 | 0.66 | 0.55 | 0.37 | -0.02 |
| 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 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 33.6M | 84.5M | 50.6M | 83.5M | 342.0M | 74.0M | 16.2M | 10.3M | 9.9M | 4.6M | 4.5M | 8.4M |
| Trading Financial Assets | 245.0M | 207.0M | 288.0M | 417.0M | 326.0M | -- | 15.0M | -- | -- | -- | 349,100 | 1.1M |
| Accounts Receivable | 217.0M | 255.0M | 270.0M | 251.0M | 171.0M | 107.0M | 91.4M | 68.4M | 58.3M | 39.4M | 27.9M | 15.9M |
| Notes Receivable | 3.2M | 5.4M | 4.9M | 3.1M | 14.9M | 11.7M | 21.3M | 18.7M | 12.0M | 9.2M | -- | 100,000 |
| Notes And Accounts Receivable | 220.0M | 260.0M | 275.0M | 255.0M | 186.0M | 118.0M | 113.0M | 87.1M | 70.3M | 48.6M | 27.9M | 16.0M |
| Prepayments | 9.7M | 3.4M | 8.8M | 2.2M | 1.0M | 58,100 | 337,700 | 179,100 | 2.1M | 761,900 | 478,000 | 253,500 |
| Inventory | 201.0M | 247.0M | 238.0M | 116.0M | 57.1M | 44.1M | 55.0M | 41.3M | 16.5M | 25.1M | 21.4M | 16.1M |
| Total Current Assets | 772.0M | 856.0M | 884.0M | 882.0M | 917.0M | 248.0M | 200.0M | 141.0M | 99.6M | 81.4M | 59.4M | 49.3M |
| Long Term Equity Investment | 1.2M | 2.4M | 4.4M | -- | -- | -- | -- | 36,700 | 123,400 | 274,600 | 459,300 | 753,500 |
| Fixed Assets | -- | 111.0M | 102.0M | 73.4M | 39.6M | 36.9M | 35.2M | 36.0M | -- | 36.9M | 6.0M | 1.8M |
| Fixed Assets Total | 128.0M | 111.0M | 102.0M | 73.4M | 39.6M | 36.9M | 35.2M | 36.0M | 38.6M | 36.9M | 6.0M | 1.8M |
| Construction In Progress | -- | 14.2M | 3.4M | 3.3M | -- | -- | -- | -- | -- | -- | 14.4M | 307,600 |
| Construction In Progress Total | 86,800 | 14.2M | 3.4M | 3.3M | -- | -- | -- | -- | -- | -- | 14.4M | 307,600 |
| Intangible Assets | 22.4M | 24.1M | 27.3M | 29.3M | 11.5M | 11.3M | 11.6M | 11.8M | 12.1M | 12.4M | 12.6M | -- |
| Long Term Deferred Expenses | 2.3M | 2.0M | 2.7M | 577,600 | 743,400 | 277,300 | 345,400 | 499,400 | 288,600 | 408,100 | -- | -- |
| Total Non Current Assets | 248.0M | 230.0M | 209.0M | 155.0M | 63.2M | 50.7M | 52.8M | 49.4M | 51.8M | 50.3M | 38.6M | 7.9M |
| Total Assets | 1.0B | 1.1B | 1.1B | 1.0B | 980.0M | 299.0M | 253.0M | 190.0M | 151.0M | 132.0M | 97.9M | 57.2M |
| Short Term Borrowings | -- | 18.4M | 8.1M | -- | -- | 2.0M | 12.0M | 10.7M | 13.7M | 7.0M | -- | -- |
| Accounts Payable | 74.3M | 62.0M | 54.6M | 42.9M | 42.9M | 31.9M | 42.6M | 25.8M | 17.3M | 31.8M | 40.5M | 13.2M |
| Advance Receipts | 392,800 | 342,700 | -- | -- | -- | 30,000 | 504,700 | 163,800 | 41,200 | 5.2M | 933,400 | 1.7M |
| Contract Liabilities | 193,900 | 1.1M | 742,000 | 193,000 | 683,500 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 90.0M | 107.0M | 102.0M | 63.8M | 61.8M | 57.1M | 76.8M | 54.9M | 46.5M | 55.8M | 46.6M | 22.5M |
| Total Non Current Liabilities | 7.3M | 8.0M | 6.5M | 330,700 | 8,500 | -- | -- | -- | -- | -- | 12,800 | -- |
| Total Liabilities | 97.3M | 115.0M | 109.0M | 64.1M | 61.8M | 57.1M | 76.8M | 54.9M | 46.5M | 55.8M | 46.6M | 22.5M |
| Paid In Capital | 60.2M | 60.2M | 60.2M | 60.0M | 60.0M | 45.0M | 45.0M | 45.0M | 45.0M | 45.0M | 34.0M | 34.0M |
| Capital Reserve | 616.0M | 616.0M | 621.0M | 611.0M | 602.0M | 15.2M | 15.2M | 15.2M | 15.2M | 15.2M | 5.7M | 5.7M |
| Surplus Reserve | 30.2M | 30.2M | 30.2M | 29.0M | 23.0M | 16.0M | 11.2M | 7.6M | 4.9M | 2.1M | 2.1M | 227,600 |
| Retained Earnings | 215.0M | 250.0M | 257.0M | 257.0M | 233.0M | 166.0M | 105.0M | 67.3M | 39.7M | 13.6M | 9.6M | -5.1M |
| Minority Equity | 10.6M | 14.4M | 15.9M | 15.9M | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 912.0M | 956.0M | 968.0M | 957.0M | 918.0M | 242.0M | 176.0M | 135.0M | 105.0M | 75.9M | 51.3M | 34.8M |
| Total Equity | 923.0M | 971.0M | 984.0M | 973.0M | 918.0M | 242.0M | 176.0M | 135.0M | 105.0M | 75.9M | 51.3M | 34.8M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 326.0M | 278.0M | 251.0M | 254.0M | 190.0M | 224.0M | 143.0M | 132.0M | 113.0M | 108.0M | 59.0M | 27.9M |
| Tax Refunds Received | 885,000 | 2.9M | 455,800 | 6.3M | 2.1M | 4.0M | 3.8M | 4.4M | 4.2M | 3.0M | 3.1M | 1.1M |
| Total Operating Cash Inflow | 335.0M | 291.0M | 263.0M | 273.0M | 199.0M | 232.0M | 149.0M | 140.0M | 122.0M | 120.0M | 76.8M | 31.4M |
| Cash Paid For Goods | 137.0M | 205.0M | 270.0M | 257.0M | 125.0M | 117.0M | 77.6M | 92.4M | 76.4M | 83.2M | 33.1M | 12.8M |
| Cash Paid To Employees | 91.2M | 85.2M | 72.8M | 54.0M | 26.5M | 24.6M | 21.8M | 16.0M | 13.1M | 10.4M | 9.1M | 5.8M |
| Taxes Paid | 9.6M | 14.3M | 10.9M | 24.0M | 24.5M | 23.6M | 13.9M | 17.2M | 13.4M | 7.9M | 5.6M | 1.9M |
| Total Operating Cash Outflow | 295.0M | 330.0M | 379.0M | 355.0M | 192.0M | 176.0M | 121.0M | 134.0M | 112.0M | 112.0M | 67.8M | 27.8M |
| Operating Cash Flow | 39.7M | -39.4M | -117.0M | -82.6M | 6.8M | 56.0M | 28.3M | 5.4M | 9.4M | 9.0M | 9.0M | 3.6M |
| Total Investing Cash Inflow | 370.0M | 292.0M | 898.0M | 1.4B | 718.0M | 47.5M | 73.6M | -- | -- | 1.2M | 3.9M | 2.6M |
| Total Investing Cash Outflow | 431.0M | 227.0M | 810.0M | 1.6B | 1.1B | 35.4M | 96.7M | 1.5M | 7.8M | 17.0M | 16.8M | 6.9M |
| Investing Cash Flow | -60.6M | 64.3M | 88.2M | -153.0M | -335.0M | 12.1M | -23.1M | -1.5M | -7.8M | -15.8M | -12.9M | -4.3M |
| Cash From Borrowings | 10.0M | 18.4M | 26.0M | -- | -- | 2.0M | 13.3M | 10.7M | 13.7M | 7.0M | -- | -- |
| Dividends And Interest Paid | 1.2M | 373,500 | 15.9M | 22.3M | 81,300 | 338,800 | 560,300 | 550,900 | 943,700 | 75,000 | -- | -- |
| Debt Repayments | 28.4M | 8.1M | 17.9M | -- | 2.0M | 12.0M | 12.0M | 13.7M | 7.0M | -- | -- | -- |
| Total Financing Cash Inflow | 10.0M | 19.6M | 31.9M | -- | 614.0M | 2.0M | 13.3M | 10.7M | 13.7M | 7.0M | -- | 25.7M |
| Total Financing Cash Outflow | 41.7M | 10.6M | 35.9M | 24.1M | 16.9M | 12.3M | 12.6M | 14.2M | 9.9M | 75,000 | -- | 17.1M |
| Financing Cash Flow | -31.7M | 9.0M | -3.9M | -24.1M | 597.0M | -10.3M | 719,700 | -3.5M | 3.7M | 6.9M | -- | 8.6M |
| Net Change In Cash | -52.6M | 33.9M | -32.4M | -260.0M | 269.0M | 57.8M | 5.9M | 373,700 | 5.3M | 93,600 | -3.9M | 7.9M |
| Ending Cash Balance | 31.8M | 84.4M | 50.6M | 82.9M | 342.0M | 74.0M | 16.2M | 10.3M | 9.9M | 4.6M | 4.5M | 8.4M |
| Capex | 18.5M | 25.8M | 39.5M | 44.5M | 6.1M | 3.1M | 8.2M | 1.5M | 7.6M | 16.9M | 15.4M | 3.6M |