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 | 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 | 1.5B | 1.0B | 754.0M | 380.0M | 415.0M | 439.0M | 334.0M | 395.0M | 410.0M | 167.0M | 109.0M | 90.9M | 97.7M |
| Revenue Growth % | 48.5% | 37.1% | 98.4% | -8.4% | -5.5% | 31.4% | -15.4% | -3.7% | 145.5% | 53.2% | 19.9% | -6.9% | -- |
| Total Revenue | 1.5B | 1.0B | 754.0M | 380.0M | 415.0M | 439.0M | 334.0M | 395.0M | 410.0M | 167.0M | 109.0M | 90.9M | 97.7M |
| Cost Of Revenue | 874.0M | 622.0M | 437.0M | 237.0M | 207.0M | 186.0M | 155.0M | 175.0M | 155.0M | 105.0M | 69.7M | 62.7M | 68.1M |
| Gross Profit | 662.0M | 412.0M | 317.0M | 143.0M | 208.0M | 253.0M | 179.0M | 220.0M | 255.0M | 62.0M | 39.3M | 28.2M | 29.6M |
| Gross Margin % | 43.1% | 39.8% | 42.0% | 37.6% | 50.1% | 57.6% | 53.6% | 55.7% | 62.2% | 37.1% | 36.1% | 31.0% | 30.3% |
| Total Operating Cost | 1.1B | 809.0M | 577.0M | 350.0M | 297.0M | 254.0M | 208.0M | 259.0M | 212.0M | 142.0M | 102.0M | 90.1M | 97.2M |
| Selling Expenses | 11.5M | 11.2M | 7.9M | 4.1M | 6.3M | 3.5M | 5.0M | 11.5M | 4.7M | 3.1M | 2.7M | 1.9M | 1.9M |
| Admin Expenses | 62.3M | 53.3M | 45.5M | 38.6M | 33.3M | 27.7M | 21.0M | 33.1M | 15.9M | 21.6M | 19.9M | 17.4M | 17.5M |
| Rd Expenses | 123.0M | 117.0M | 65.6M | 66.2M | 44.1M | 27.2M | 24.5M | 25.0M | 16.0M | -- | -- | -- | -- |
| Finance Expenses | 522,400 | -8.1M | 479,500 | -3.6M | -655,200 | 1.2M | -2.8M | 5.8M | 9.0M | 2.8M | 3.8M | 5.2M | 4.9M |
| Operating Income | 442.0M | 242.0M | 208.0M | 69.7M | 159.0M | 212.0M | 135.0M | 141.0M | 200.0M | 25.1M | 7.8M | 905,700 | 553,900 |
| Operating Margin % | 28.8% | 23.4% | 27.6% | 18.4% | 38.3% | 48.3% | 40.4% | 35.7% | 48.8% | 15.0% | 7.1% | 1.0% | 0.6% |
| Non Operating Income | 1.4M | 7,500 | 10,500 | 220,000 | 1,200 | 213,400 | 5,100 | 161,200 | 396,000 | 6.0M | 4.3M | 1.5M | 1.8M |
| Non Operating Expenses | 1.5M | 479,500 | 1.3M | 1.7M | 279,300 | 290,300 | 327,700 | 425,300 | 796,900 | 822,700 | 144,000 | 277,800 | 193,100 |
| Investment Income | 2.2M | 4.3M | 13.9M | 25.8M | 29.2M | 7.3M | 42,900 | 138,400 | 138,900 | 75,500 | 71,900 | 68,400 | 65,200 |
| Fair Value Change Income | 644,200 | -1.2M | 576,900 | -29,200 | -287,100 | 132,800 | 183,600 | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -1.6M | -1.7M | -- | 180,100 | 46,900 | 93,400 | -- | -3,000 | -283,000 | -- | -- | -- | -- |
| Asset Impairment Loss | 21.9M | 5.6M | 8.0M | 5.2M | 3.0M | 3.1M | 5.3M | 4.7M | 8.2M | 8.6M | 4.5M | 1.6M | 3.8M |
| Other Income | 22.7M | 15.5M | 15.9M | 13.8M | 11.6M | 19.8M | 8.6M | 4.7M | 2.1M | -- | -- | -- | -- |
| Income Before Tax | 442.0M | 242.0M | 206.0M | 68.3M | 159.0M | 212.0M | 135.0M | 140.0M | 200.0M | 30.3M | 11.9M | 2.1M | 2.1M |
| Income Tax | 50.4M | 20.5M | 25.6M | -28.6M | 18.2M | 29.3M | 18.4M | 26.6M | 31.4M | 4.5M | 2.3M | 1.5M | 1.5M |
| Net Income | 391.0M | 221.0M | 181.0M | 96.9M | 141.0M | 183.0M | 116.0M | 114.0M | 168.0M | 25.7M | 9.6M | 601,100 | 615,300 |
| Net Margin % | 25.5% | 21.4% | 24.0% | 25.5% | 34.0% | 41.7% | 34.7% | 28.9% | 41.0% | 15.4% | 8.8% | 0.7% | 0.6% |
| Net Income Attributable | 389.0M | 221.0M | 180.0M | 96.1M | 140.0M | 183.0M | 116.0M | 114.0M | 169.0M | 27.2M | 11.1M | 2.7M | 2.8M |
| Minority Interest | 2.3M | 754,600 | 884,200 | 807,700 | 926,400 | 82,800 | -34,500 | 400.00 | -949,000 | -1.5M | -1.4M | -2.1M | -2.2M |
| Eps Basic | 0.96 | 0.55 | 0.45 | 0.24 | 0.35 | 0.49 | 0.32 | 0.34 | 0.50 | 0.49 | 0.21 | 0.05 | 0.06 |
| Eps Diluted | 0.96 | 0.55 | 0.45 | 0.24 | 0.35 | 0.49 | 0.32 | 0.34 | 0.50 | 0.49 | 0.21 | 0.05 | 0.06 |
| Line Item | FY 2025Dec 31, 2025 | 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 | 262.0M | 175.0M | 203.0M | 98.5M | 94.2M | 154.0M | 133.0M | 97.2M | 118.0M | 33.9M | 11.1M | 6.4M | 5.1M |
| Trading Financial Assets | 95.8M | 73.3M | 359.0M | 560.0M | 759.0M | 647.0M | 19.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 377.0M | 202.0M | 225.0M | 79.9M | 83.0M | 96.5M | 71.1M | 98.3M | 123.0M | 41.4M | 31.9M | 26.5M | 29.4M |
| Notes Receivable | 1.7M | 2.7M | 5.1M | 4.6M | 648,800 | 381,200 | 592,800 | 1.3M | 2.4M | 33,900 | 200,000 | -- | 2.1M |
| Notes And Accounts Receivable | 379.0M | 205.0M | 230.0M | 84.6M | 83.7M | 96.9M | 71.7M | 99.6M | 125.0M | 41.4M | 32.1M | 26.5M | 31.6M |
| Prepayments | 3.8M | 2.2M | 2.2M | 2.2M | 1.4M | 957,700 | 1.1M | 697,400 | 1.6M | 1.7M | 1.4M | 1.7M | 3.6M |
| Inventory | 230.0M | 227.0M | 207.0M | 136.0M | 99.0M | 64.9M | 70.5M | 58.7M | 54.7M | 36.7M | 48.0M | 41.6M | 28.9M |
| Total Current Assets | 997.0M | 693.0M | 1.0B | 912.0M | 1.0B | 966.0M | 304.0M | 307.0M | 307.0M | 123.0M | 104.0M | 84.7M | 73.2M |
| Long Term Equity Investment | 16.5M | 16.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | 1.4B | 1.3B | 954.0M | 788.0M | 497.0M | 473.0M | 383.0M | 356.0M | 223.0M | 132.0M | 122.0M | 115.0M | 95.1M |
| Fixed Assets Total | 1.4B | 1.3B | 954.0M | 788.0M | 497.0M | 473.0M | 383.0M | 356.0M | 223.0M | 132.0M | 122.0M | 115.0M | 95.1M |
| Construction In Progress | 327.0M | 217.0M | 223.0M | 63.7M | 40.1M | 21.9M | 115.0M | 62.6M | 40.1M | 35.8M | 601,900 | 4.1M | 12.6M |
| Construction In Progress Total | 327.0M | 217.0M | 223.0M | 63.7M | 40.1M | 21.9M | 115.0M | 62.6M | 40.1M | 35.8M | 601,900 | 4.1M | 12.6M |
| Intangible Assets | 90.5M | 90.2M | 53.9M | 54.6M | 53.8M | 54.9M | 56.5M | 58.0M | 18.3M | 18.6M | 8.5M | 9.3M | 9.6M |
| Long Term Deferred Expenses | 142,500 | 285,000 | 490,000 | 604,200 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 1.9B | 1.6B | 1.3B | 1.0B | 630.0M | 570.0M | 570.0M | 502.0M | 302.0M | 190.0M | 137.0M | 133.0M | 122.0M |
| Total Assets | 2.9B | 2.3B | 2.3B | 1.9B | 1.7B | 1.5B | 874.0M | 809.0M | 610.0M | 313.0M | 241.0M | 218.0M | 195.0M |
| Short Term Borrowings | 76.5M | 11.0M | 261.0M | 120.0M | -- | -- | 6.2M | 24.6M | 101.0M | 73.0M | 73.5M | 73.1M | 68.0M |
| Accounts Payable | 261.0M | 203.0M | 172.0M | 96.4M | 57.7M | 40.6M | 51.6M | 47.9M | 43.4M | 26.3M | 14.2M | 13.6M | 11.9M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 1.5M | 911,800 | 1.2M | 559,600 | 3.2M | 4.2M | 496,300 |
| Contract Liabilities | 3.6M | 1.6M | 5.0M | 1.4M | 2.2M | 2.8M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 542.0M | 356.0M | 569.0M | 363.0M | 110.0M | 72.2M | 148.0M | 110.0M | 187.0M | 109.0M | 104.0M | 103.0M | 86.4M |
| Long Term Borrowings | -- | 4.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 200.0M | 127.0M | 82.1M | 56.7M | 86.8M | 79.8M | 80.0M | 73.9M | 54.4M | 4.6M | 4.4M | 4.9M | 5.3M |
| Total Liabilities | 742.0M | 483.0M | 651.0M | 420.0M | 197.0M | 152.0M | 228.0M | 184.0M | 242.0M | 114.0M | 109.0M | 108.0M | 91.7M |
| Paid In Capital | 406.0M | 403.0M | 402.0M | 402.0M | 403.0M | 402.0M | 361.0M | 63.5M | 59.0M | 59.0M | 54.0M | 50.0M | 50.0M |
| Capital Reserve | 691.0M | 635.0M | 589.0M | 588.0M | 596.0M | 575.0M | 60.3M | 267.0M | 93.4M | 93.4M | 39.0M | 27.9M | 27.9M |
| Surplus Reserve | 166.0M | 128.0M | 106.0M | 87.7M | 78.2M | 64.4M | 46.1M | 34.1M | 22.7M | 8.5M | 5.5M | 4.3M | 3.5M |
| Retained Earnings | 926.0M | 656.0M | 538.0M | 436.0M | 409.0M | 344.0M | 179.0M | 260.0M | 193.0M | 38.1M | 31.6M | 21.7M | 19.9M |
| Minority Equity | 5.6M | 3.4M | 2.6M | 1.7M | 908,800 | -17,500 | -100,400 | -65,900 | -66,300 | 899,800 | 1.7M | 5.6M | 1.8M |
| Equity Attributable | 2.2B | 1.8B | 1.6B | 1.5B | 1.5B | 1.4B | 646.0M | 625.0M | 368.0M | 199.0M | 130.0M | 104.0M | 101.0M |
| Total Equity | 2.2B | 1.8B | 1.6B | 1.5B | 1.5B | 1.4B | 646.0M | 625.0M | 368.0M | 200.0M | 132.0M | 110.0M | 103.0M |
| Line Item | FY 2025Dec 31, 2025 | 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 | 1.3B | 1.0B | 605.0M | 376.0M | 435.0M | 414.0M | 366.0M | 433.0M | 320.0M | 172.0M | 116.0M | 107.0M | 106.0M |
| Tax Refunds Received | 12.2M | 35.9M | 57.1M | 19.4M | 1.1M | 4.8M | 18.4M | 23.1M | 17.3M | 482,900 | 760,300 | 1.6M | 1.4M |
| Total Operating Cash Inflow | 1.4B | 1.1B | 699.0M | 415.0M | 456.0M | 450.0M | 391.0M | 467.0M | 388.0M | 181.0M | 120.0M | 111.0M | 108.0M |
| Cash Paid For Goods | 385.0M | 293.0M | 226.0M | 173.0M | 127.0M | 94.4M | 92.3M | 110.0M | 110.0M | 67.5M | 46.2M | 42.6M | 45.5M |
| Cash Paid To Employees | 367.0M | 314.0M | 219.0M | 145.0M | 103.0M | 76.0M | 73.2M | 74.8M | 65.9M | 44.2M | 37.8M | 36.2M | 33.8M |
| Taxes Paid | 22.0M | 9.6M | 5.8M | 8.7M | 30.6M | 33.3M | 10.3M | 55.5M | 18.7M | 14.6M | 7.2M | 8.3M | 7.6M |
| Total Operating Cash Outflow | 817.0M | 637.0M | 474.0M | 348.0M | 280.0M | 216.0M | 188.0M | 252.0M | 207.0M | 136.0M | 101.0M | 96.9M | 93.8M |
| Operating Cash Flow | 578.0M | 489.0M | 224.0M | 66.2M | 175.0M | 234.0M | 203.0M | 216.0M | 181.0M | 44.8M | 19.7M | 14.2M | 14.6M |
| Total Investing Cash Inflow | 253.0M | 453.0M | 319.0M | 415.0M | 511.0M | 864.0M | 588.0M | 146.0M | 19.2M | 6.7M | 6.3M | 1.2M | 2.7M |
| Total Investing Cash Outflow | 780.0M | 673.0M | 495.0M | 512.0M | 622.0M | 1.6B | 747.0M | 473.0M | 137.0M | 61.4M | 24.7M | 28.3M | 19.4M |
| Investing Cash Flow | -527.0M | -220.0M | -176.0M | -97.5M | -110.0M | -697.0M | -160.0M | -327.0M | -118.0M | -54.6M | -18.5M | -27.0M | -16.7M |
| Cash From Borrowings | 131.0M | 44.1M | 270.0M | 120.0M | -- | -- | 26.0M | 138.0M | 139.0M | 143.0M | 123.0M | 133.0M | 155.0M |
| Dividends And Interest Paid | 82.8M | 85.0M | 65.3M | 60.9M | 60.2M | 63.8M | 32.6M | 39.7M | 4.6M | 21.6M | 4.6M | 5.1M | 8.8M |
| Debt Repayments | 55.1M | 289.0M | 130.0M | -- | -- | 6.2M | 44.4M | 215.0M | 111.0M | 144.0M | 123.0M | 128.0M | 149.0M |
| Total Financing Cash Inflow | 155.0M | 57.6M | 270.0M | 120.0M | 15.2M | 579.0M | 26.0M | 285.0M | 140.0M | 232.0M | 159.0M | 161.0M | 158.0M |
| Total Financing Cash Outflow | 138.0M | 374.0M | 204.0M | 67.2M | 60.3M | 98.1M | 77.0M | 255.0M | 118.0M | 197.0M | 155.0M | 149.0M | 159.0M |
| Financing Cash Flow | 16.7M | -317.0M | 66.1M | 52.6M | -45.2M | 481.0M | -51.0M | 30.5M | 21.7M | 34.6M | 3.7M | 12.0M | -1.4M |
| Net Change In Cash | 68.9M | -42.1M | 117.0M | 22.6M | 19.2M | 15.4M | -8.3M | -81.2M | 84.4M | 24.7M | 4.9M | -803,800 | -3.6M |
| Ending Cash Balance | 229.0M | 161.0M | 203.0M | 86.1M | 63.6M | 44.3M | 28.9M | 37.2M | 118.0M | 33.9M | 9.1M | 4.3M | 5.1M |
| Capex | 477.0M | 481.0M | 404.0M | 340.0M | 107.0M | 71.1M | 133.0M | 226.0M | 125.0M | 61.4M | 24.7M | 28.3M | 19.4M |