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 | 652.0M | 701.0M | 1.0B | 679.0M | 281.0M | 122.0M | 28.5M |
| Revenue Growth % | -7.0% | -32.7% | 53.5% | 141.6% | 130.3% | 327.8% | -- |
| Total Revenue | 652.0M | 701.0M | 1.0B | 679.0M | 281.0M | 122.0M | 28.5M |
| Cost Of Revenue | 428.0M | 432.0M | 627.0M | 433.0M | 186.0M | 80.2M | 19.9M |
| Gross Profit | 224.0M | 269.0M | 415.0M | 246.0M | 95.0M | 41.8M | 8.6M |
| Gross Margin % | 34.4% | 38.4% | 39.8% | 36.2% | 33.8% | 34.2% | 30.1% |
| Total Operating Cost | 917.0M | 929.0M | 1.0B | 734.0M | 359.0M | 188.0M | 76.5M |
| Selling Expenses | 26.5M | 25.8M | 22.1M | 19.0M | 14.0M | 11.2M | 6.6M |
| Admin Expenses | 50.2M | 58.3M | 47.0M | 41.3M | 23.6M | 15.9M | 10.6M |
| Rd Expenses | 364.0M | 384.0M | 332.0M | 244.0M | 126.0M | 78.7M | 34.3M |
| Finance Expenses | -2.0M | 3.0M | -6.1M | -1.2M | 2.5M | -410,500 | -630,200 |
| Operating Income | -205.0M | -197.0M | 44.8M | -30.5M | -7.4M | 35.7M | -8.8M |
| Operating Margin % | -31.4% | -28.1% | 4.3% | -4.5% | -2.6% | 29.2% | -30.9% |
| Non Operating Income | 70,000 | 171,500 | 15.2M | 392,500 | 1.2M | 250,000 | 3,700 |
| Non Operating Expenses | 3,500 | 100.00 | 211,500 | 714,800 | 17,300 | 14,000 | 85,100 |
| Investment Income | 6.1M | 8.4M | 5.9M | 758,800 | 3.7M | 2.5M | 420,700 |
| Fair Value Change Income | 2.2M | 3.3M | 6.2M | 225,300 | 348,400 | 786,600 | -- |
| Asset Disposal Income | 16,700 | 47,300 | -- | 64,400 | -- | -- | 1,000 |
| Asset Impairment Loss | 49.3M | 24.2M | 12.4M | 999,800 | 8.3M | 1.6M | 5.6M |
| Other Income | 51.3M | 19.1M | 25.4M | 24.2M | 66.9M | 97.8M | 38.8M |
| Income Before Tax | -205.0M | -197.0M | 59.8M | -30.8M | -6.2M | 35.9M | -8.9M |
| Net Income | -205.0M | -197.0M | 59.8M | -30.8M | -6.2M | 35.9M | -8.9M |
| Net Margin % | -31.4% | -28.1% | 5.7% | -4.5% | -2.2% | 29.4% | -31.2% |
| Net Income Attributable | -205.0M | -197.0M | 59.8M | -30.8M | -6.2M | 35.9M | -8.9M |
| Eps Basic | -0.51 | -0.49 | 0.15 | -0.09 | -0.02 | 0.12 | -0.03 |
| Eps Diluted | -0.51 | -0.49 | 0.15 | -0.09 | -0.02 | 0.12 | -0.03 |
| 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 | 219.0M | 290.0M | 284.0M | 1.2B | 138.0M | 42.5M | 29.2M |
| Trading Financial Assets | 314.0M | 367.0M | 580.0M | 50.0M | 100.0M | 151.0M | -- |
| Accounts Receivable | 160.0M | 32.0M | 140.0M | 91.2M | 25.3M | 67.9M | 27.4M |
| Notes Receivable | 11.7M | -- | 436,300 | -- | -- | -- | 450,400 |
| Notes And Accounts Receivable | 172.0M | 32.0M | 140.0M | 91.2M | 25.3M | 67.9M | 27.8M |
| Prepayments | 10.5M | 7.0M | 183.0M | 54.6M | 34.1M | 15.1M | 3.3M |
| Inventory | 567.0M | 763.0M | 561.0M | 268.0M | 99.5M | 91.9M | 19.5M |
| Total Current Assets | 1.3B | 1.5B | 1.8B | 1.6B | 410.0M | 381.0M | 133.0M |
| Fixed Assets | -- | 30.3M | 30.8M | 26.9M | 17.4M | 9.1M | 2.2M |
| Fixed Assets Total | 49.5M | 30.3M | 30.8M | 26.9M | 17.4M | 9.1M | 2.2M |
| Construction In Progress | -- | 186,300 | 798,900 | 4.8M | 8.0M | 179,600 | -- |
| Construction In Progress Total | 189,800 | 186,300 | 798,900 | 4.8M | 8.0M | 179,600 | -- |
| Intangible Assets | 15.7M | 36.8M | 61.9M | 18.0M | 5.3M | 6.2M | 7.7M |
| Long Term Deferred Expenses | 7.4M | 13.3M | 6.3M | 11.7M | 707,800 | 400,000 | 236,500 |
| Total Non Current Assets | 91.3M | 125.0M | 118.0M | 82.9M | 32.9M | 18.1M | 10.2M |
| Total Assets | 1.4B | 1.6B | 1.9B | 1.7B | 443.0M | 399.0M | 143.0M |
| Short Term Borrowings | -- | 30.7M | -- | -- | -- | -- | -- |
| Accounts Payable | 34.5M | 9.0M | 42.2M | 52.5M | 19.4M | 20.0M | 10.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 11.7M | 8.8M |
| Contract Liabilities | 1,300 | 4.9M | 8.1M | 14.1M | 28.9M | -- | -- |
| Total Current Liabilities | 144.0M | 132.0M | 240.0M | 199.0M | 101.0M | 61.7M | 26.1M |
| Total Non Current Liabilities | 28.8M | 52.6M | 31.1M | 22.1M | 18.4M | 28.2M | 45.9M |
| Total Liabilities | 173.0M | 185.0M | 271.0M | 221.0M | 119.0M | 89.9M | 72.0M |
| Paid In Capital | 401.0M | 401.0M | 400.0M | 400.0M | 350.0M | 27.3M | 21.1M |
| Capital Reserve | 1.2B | 1.3B | 1.2B | 1.2B | 16.0M | 329.0M | 134.0M |
| Retained Earnings | -416.0M | -211.0M | -13.6M | -73.5M | -42.6M | -47.6M | -83.5M |
| Equity Attributable | 1.2B | 1.4B | 1.6B | 1.5B | 324.0M | 309.0M | 71.4M |
| Total Equity | 1.2B | 1.4B | 1.6B | 1.5B | 324.0M | 309.0M | 71.4M |
| 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 | 545.0M | 816.0M | 1.1B | 670.0M | 362.0M | 85.5M | 17.2M |
| Tax Refunds Received | 512,400 | 9.0M | 6.3M | 4.7M | 8.9M | -- | 1.2M |
| Total Operating Cash Inflow | 580.0M | 874.0M | 1.1B | 703.0M | 431.0M | 168.0M | 105.0M |
| Cash Paid For Goods | 222.0M | 665.0M | 1.1B | 624.0M | 228.0M | 144.0M | 32.5M |
| Cash Paid To Employees | 323.0M | 293.0M | 216.0M | 168.0M | 94.2M | 60.4M | 29.0M |
| Taxes Paid | 2.9M | 6.8M | 266,300 | 3.9M | 4.4M | 130,200 | 111,200 |
| Total Operating Cash Outflow | 642.0M | 1.1B | 1.4B | 866.0M | 372.0M | 237.0M | 75.5M |
| Operating Cash Flow | -61.9M | -193.0M | -282.0M | -162.0M | 58.5M | -68.7M | 29.1M |
| Total Investing Cash Inflow | 2.2B | 2.3B | 1.8B | 321.0M | 595.0M | 498.0M | 120.0M |
| Total Investing Cash Outflow | 2.3B | 2.2B | 2.3B | 329.0M | 562.0M | 608.0M | 180.0M |
| Investing Cash Flow | -67.9M | 170.0M | -581.0M | -7.8M | 32.4M | -111.0M | -59.8M |
| Cash From Borrowings | -- | 130.0M | -- | 7.0M | -- | -- | -- |
| Dividends And Interest Paid | 867,700 | 1.9M | -- | 135,900 | -- | -- | 7,300 |
| Debt Repayments | 30.0M | 100.0M | -- | 7.0M | -- | -- | -- |
| Total Financing Cash Inflow | 16,800 | 175.0M | 27.7M | 1.2B | 15.9M | 193.0M | 27.7M |
| Total Financing Cash Outflow | 44.6M | 123.0M | 51.8M | 55.6M | 11.6M | 2.4M | 27.6M |
| Financing Cash Flow | -44.6M | 51.9M | -24.1M | 1.2B | 4.3M | 190.0M | 122,700 |
| Net Change In Cash | -174.0M | 28.4M | -887.0M | 1.0B | 93.0M | 10.9M | -30.4M |
| Ending Cash Balance | 116.0M | 290.0M | 262.0M | 1.1B | 133.0M | 40.1M | 29.2M |
| Capex | 26.8M | 55.5M | 62.7M | 59.2M | 22.3M | 13.3M | 10.2M |