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 |
|---|---|---|---|---|---|
| Revenue | 488.0M | 503.0M | 452.0M | 391.0M | 253.0M |
| Revenue Growth % | -3.0% | 11.3% | 15.6% | 54.5% | -- |
| Total Revenue | 488.0M | 503.0M | 452.0M | 391.0M | 253.0M |
| Cost Of Revenue | 386.0M | 350.0M | 284.0M | 185.0M | 136.0M |
| Gross Profit | 102.0M | 153.0M | 168.0M | 206.0M | 117.0M |
| Gross Margin % | 20.9% | 30.4% | 37.2% | 52.7% | 46.2% |
| Total Operating Cost | 582.0M | 521.0M | 445.0M | 293.0M | 202.0M |
| Selling Expenses | 18.1M | 16.9M | 13.3M | 10.9M | 5.0M |
| Admin Expenses | 51.6M | 56.4M | 70.4M | 44.2M | 30.5M |
| Rd Expenses | 77.8M | 75.2M | 67.6M | 48.8M | 24.8M |
| Finance Expenses | 33.4M | 16.3M | 6.9M | -184,300 | 3.1M |
| Operating Income | -55.8M | 10.0M | 24.7M | 115.0M | 58.1M |
| Operating Margin % | -11.4% | 2.0% | 5.5% | 29.4% | 23.0% |
| Non Operating Income | 42,100 | 890,900 | 113,400 | 111,200 | 101,900 |
| Non Operating Expenses | 217,600 | 1.0M | 534,800 | 1.4M | 108,700 |
| Investment Income | 816,100 | -- | 122,500 | 4.0M | 876,500 |
| Fair Value Change Income | 2.5M | 6.7M | -- | -- | -- |
| Asset Disposal Income | 15,000 | -6,800 | 271,900 | 4.9M | 41,700 |
| Asset Impairment Loss | 8.1M | -- | -- | -- | -- |
| Other Income | 34.5M | 21.1M | 17.0M | 7.6M | 6.1M |
| Income Before Tax | -56.0M | 9.9M | 24.3M | 114.0M | 58.1M |
| Income Tax | 2.9M | -14.9M | -8.1M | 7.9M | 6.1M |
| Net Income | -58.9M | 24.7M | 32.4M | 106.0M | 51.9M |
| Net Margin % | -12.1% | 4.9% | 7.2% | 27.1% | 20.5% |
| Net Income Attributable | -61.6M | 21.7M | 32.0M | 106.0M | 51.9M |
| Minority Interest | 2.7M | 3.0M | 354,400 | -- | -- |
| Eps Basic | -0.31 | 0.11 | 0.16 | 0.78 | 0.49 |
| Eps Diluted | -0.25 | 0.11 | 0.16 | 0.77 | 0.49 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 446.0M | 104.0M | 222.0M | 136.0M | 247.0M |
| Trading Financial Assets | -- | -- | -- | -- | 227.0M |
| Accounts Receivable | 146.0M | 164.0M | 143.0M | 96.2M | 65.8M |
| Notes Receivable | 605,300 | 1.3M | 100,000 | 3.5M | -- |
| Notes And Accounts Receivable | 146.0M | 165.0M | 143.0M | 99.7M | 65.8M |
| Prepayments | 2.6M | 1.8M | 1.9M | 1.9M | 1.7M |
| Inventory | 25.9M | 20.9M | 24.9M | 20.8M | 5.0M |
| Total Current Assets | 715.0M | 361.0M | 424.0M | 302.0M | 564.0M |
| Fixed Assets | -- | 1.1B | 957.0M | 699.0M | 370.0M |
| Fixed Assets Total | 1.1B | 1.1B | 957.0M | 699.0M | 370.0M |
| Construction In Progress | -- | 256.0M | 125.0M | 140.0M | 69.3M |
| Construction In Progress Total | 378.0M | 256.0M | 125.0M | 140.0M | 69.3M |
| Intangible Assets | 82.1M | 83.0M | 25.1M | 25.9M | 2.3M |
| Long Term Deferred Expenses | 82.0M | 53.5M | 40.8M | 30.2M | 28.3M |
| Total Non Current Assets | 1.9B | 1.7B | 1.3B | 958.0M | 528.0M |
| Total Assets | 2.6B | 2.1B | 1.7B | 1.3B | 1.1B |
| Short Term Borrowings | 70.1M | 83.5M | 70.3M | 34.7M | 25.2M |
| Accounts Payable | 94.6M | 109.0M | 70.8M | 52.6M | 25.9M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 199,200 | 132,800 | -- | -- | -- |
| Total Current Liabilities | 418.0M | 417.0M | 281.0M | 125.0M | 79.5M |
| Long Term Borrowings | 447.0M | 344.0M | 185.0M | 21.1M | 9.8M |
| Total Non Current Liabilities | 1.1B | 522.0M | 326.0M | 84.5M | 36.3M |
| Total Liabilities | 1.5B | 939.0M | 607.0M | 209.0M | 116.0M |
| Paid In Capital | 200.0M | 200.0M | 137.0M | 136.0M | 136.0M |
| Capital Reserve | 695.0M | 690.0M | 730.0M | 685.0M | 666.0M |
| Surplus Reserve | 34.5M | 34.5M | 32.2M | 28.7M | 18.5M |
| Retained Earnings | 117.0M | 199.0M | 179.0M | 201.0M | 155.0M |
| Minority Equity | 14.8M | 12.1M | 8.3M | -- | -- |
| Equity Attributable | 1.1B | 1.1B | 1.1B | 1.1B | 976.0M |
| Total Equity | 1.1B | 1.1B | 1.1B | 1.1B | 976.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 565.0M | 537.0M | 494.0M | 410.0M | 267.0M |
| Tax Refunds Received | 13.3M | 8.9M | 34.2M | 4.3M | 1.3M |
| Total Operating Cash Inflow | 593.0M | 564.0M | 561.0M | 440.0M | 281.0M |
| Cash Paid For Goods | 112.0M | 104.0M | 97.8M | 95.0M | 48.3M |
| Cash Paid To Employees | 207.0M | 189.0M | 165.0M | 115.0M | 78.3M |
| Taxes Paid | 50.6M | 45.5M | 21.0M | 20.2M | 29.0M |
| Total Operating Cash Outflow | 389.0M | 368.0M | 301.0M | 248.0M | 175.0M |
| Operating Cash Flow | 204.0M | 196.0M | 260.0M | 192.0M | 105.0M |
| Total Investing Cash Inflow | 258.0M | 9,780 | 35.7M | 1.1B | 219.0M |
| Total Investing Cash Outflow | 665.0M | 562.0M | 497.0M | 1.4B | 634.0M |
| Investing Cash Flow | -407.0M | -562.0M | -462.0M | -251.0M | -415.0M |
| Cash From Borrowings | 788.0M | 335.0M | 307.0M | 51.7M | 38.0M |
| Dividends And Interest Paid | 41.9M | 17.0M | 58.0M | 51.8M | 1.8M |
| Debt Repayments | 178.0M | 137.0M | 50.7M | 29.5M | 19.4M |
| Total Financing Cash Inflow | 881.0M | 471.0M | 424.0M | 51.9M | 535.0M |
| Total Financing Cash Outflow | 336.0M | 224.0M | 136.0M | 104.0M | 71.0M |
| Financing Cash Flow | 545.0M | 247.0M | 287.0M | -51.8M | 464.0M |
| Net Change In Cash | 342.0M | -119.0M | 86.3M | -110.0M | 154.0M |
| Ending Cash Balance | 446.0M | 104.0M | 222.0M | 136.0M | 247.0M |
| Capex | 398.0M | 562.0M | 430.0M | 477.0M | 189.0M |