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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 98.4M | 120.0M | 139.0M | 178.0M | 136.0M | 122.0M | 82.3M | 48.0M |
| Revenue Growth % | -18.0% | -13.7% | -21.9% | 30.9% | 11.5% | 48.2% | 71.6% | -- |
| Total Revenue | 98.4M | 120.0M | 139.0M | 178.0M | 136.0M | 122.0M | 82.3M | 48.0M |
| Cost Of Revenue | 59.3M | 77.4M | 83.0M | 81.6M | 48.6M | 33.2M | 22.1M | 15.5M |
| Gross Profit | 39.2M | 42.6M | 56.0M | 96.4M | 87.4M | 88.8M | 60.2M | 32.5M |
| Gross Margin % | 39.8% | 35.5% | 40.3% | 54.2% | 64.3% | 72.8% | 73.2% | 67.7% |
| Total Operating Cost | 90.3M | 108.0M | 114.0M | 126.0M | 81.8M | 60.3M | 57.3M | 32.6M |
| Selling Expenses | 12.3M | 12.8M | 11.1M | 14.0M | 9.2M | 9.9M | 9.9M | 4.6M |
| Admin Expenses | 8.9M | 7.3M | 7.8M | 5.8M | 5.9M | 6.4M | 11.8M | 2.4M |
| Rd Expenses | 9.5M | 9.6M | 15.6M | 21.2M | 15.1M | 8.3M | 11.2M | 7.9M |
| Finance Expenses | -5.1M | -5.1M | -6.9M | -2.0M | -1.4M | 225,500 | 103,900 | 13,000 |
| Operating Income | 13.2M | 20.6M | 35.0M | 58.9M | 65.8M | 70.0M | 32.6M | 17.9M |
| Operating Margin % | 13.4% | 17.2% | 25.2% | 33.1% | 48.4% | 57.3% | 39.6% | 37.3% |
| Non Operating Income | 2.00 | 3,000 | 9.2M | 1.5M | 3.9M | 1.9M | 148,400 | 1.3M |
| Non Operating Expenses | 3,100 | 2,700 | 1,900 | 700.00 | 800.00 | 3,400 | 234,200 | -- |
| Investment Income | 2.1M | 5.5M | 5.5M | -- | 283,700 | 617,500 | -- | -- |
| Asset Impairment Loss | 1.2M | 1.7M | -555,700 | 552,100 | -- | -- | 1.2M | 1.5M |
| Other Income | 3.0M | 2.8M | 3.8M | 7.3M | 11.5M | 7.2M | 7.5M | 2.5M |
| Income Before Tax | 13.2M | 20.6M | 44.2M | 60.4M | 69.7M | 71.9M | 32.5M | 19.2M |
| Income Tax | 1.6M | 2.6M | 5.6M | 5.0M | 6.1M | 8.3M | 5.4M | 2.9M |
| Net Income | 11.6M | 18.0M | 38.6M | 55.5M | 63.7M | 63.5M | 27.1M | 16.3M |
| Net Margin % | 11.8% | 15.0% | 27.8% | 31.2% | 46.8% | 52.1% | 32.9% | 34.0% |
| Net Income Attributable | 11.6M | 18.0M | 38.6M | 55.5M | 63.7M | 63.5M | 27.1M | 16.3M |
| Eps Basic | 0.14 | 0.21 | 0.47 | 0.88 | 1.02 | 1.06 | -- | -- |
| Eps Diluted | 0.14 | 0.21 | 0.47 | 0.88 | 1.02 | 1.06 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 548.0M | 584.0M | 599.0M | 145.0M | 135.0M | 84.8M | 26.5M | 12.6M |
| Accounts Receivable | 119.0M | 103.0M | 128.0M | 138.0M | 90.7M | 53.9M | 41.1M | 28.7M |
| Notes Receivable | 2.7M | 5.6M | 4.0M | 11.1M | 10.7M | 9.6M | 14.9M | 2.3M |
| Notes And Accounts Receivable | 122.0M | 109.0M | 132.0M | 149.0M | 101.0M | 63.5M | 56.0M | 31.0M |
| Prepayments | 2.1M | 6.3M | 14.8M | 6.7M | 2.5M | 329,400 | 482,600 | 159,000 |
| Inventory | 19.0M | 19.2M | 16.7M | 18.4M | 11.0M | 12.3M | 14.3M | 7.2M |
| Total Current Assets | 707.0M | 738.0M | 777.0M | 333.0M | 265.0M | 168.0M | 97.8M | 52.5M |
| Long Term Equity Investment | -- | 2.0M | 1.2M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 8.8M | 596,500 | 951,500 | 1.3M | 964,700 | 839,200 | 1.3M |
| Fixed Assets Total | 9.8M | 8.8M | 596,500 | 951,500 | 1.3M | 964,700 | 839,200 | 1.3M |
| Construction In Progress | -- | 62.3M | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 117.0M | 62.3M | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 11.6M | 11.8M | 12.1M | 106,900 | 159,500 | 100,400 | 113,700 | -- |
| Long Term Deferred Expenses | -- | -- | -- | 27,200 | 81,600 | -- | -- | -- |
| Total Non Current Assets | 163.0M | 130.0M | 92.5M | 15.1M | 12.2M | 11.3M | 1.3M | 1.5M |
| Total Assets | 870.0M | 867.0M | 869.0M | 348.0M | 277.0M | 179.0M | 99.1M | 54.0M |
| Short Term Borrowings | 14.2M | -- | -- | -- | 7.0M | -- | 10.0M | -- |
| Accounts Payable | 27.4M | 21.9M | 29.5M | 47.7M | 27.5M | 18.1M | 12.6M | 14.3M |
| Advance Receipts | -- | -- | -- | -- | -- | 1.3M | 3.7M | 5.1M |
| Contract Liabilities | 3.3M | 1.5M | 249,800 | 204,900 | 97,000 | -- | -- | -- |
| Total Current Liabilities | 49.3M | 29.8M | 39.0M | 59.9M | 43.2M | 25.6M | 33.6M | 28.2M |
| Total Non Current Liabilities | -- | 927,600 | -- | -- | 1.5M | -- | 763,400 | -- |
| Total Liabilities | 49.3M | 30.8M | 39.0M | 59.9M | 44.7M | 25.6M | 34.4M | 28.2M |
| Paid In Capital | 83.8M | 83.8M | 83.8M | 62.8M | 62.8M | 60.0M | 7.0M | 5.0M |
| Capital Reserve | 595.0M | 595.0M | 595.0M | 95.0M | 95.0M | 61.8M | 18.8M | 4.0M |
| Surplus Reserve | 21.9M | 20.7M | 18.9M | 15.1M | 9.5M | 3.2M | 4.3M | 1.6M |
| Retained Earnings | 140.0M | 137.0M | 133.0M | 115.0M | 64.9M | 28.6M | 34.6M | 15.2M |
| Equity Attributable | 820.0M | 836.0M | 830.0M | 288.0M | 232.0M | 154.0M | 64.7M | 25.8M |
| Total Equity | 820.0M | 836.0M | 830.0M | 288.0M | 232.0M | 154.0M | 64.7M | 25.8M |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 111.0M | 146.0M | 159.0M | 135.0M | 91.3M | 112.0M | 60.5M | 30.5M |
| Tax Refunds Received | 831,500 | 2.4M | 1.5M | 6.5M | 4.8M | 5.6M | 5.6M | 2.4M |
| Total Operating Cash Inflow | 123.0M | 162.0M | 191.0M | 154.0M | 119.0M | 126.0M | 69.3M | 35.8M |
| Cash Paid For Goods | 69.4M | 62.9M | 100.0M | 66.7M | 34.9M | 19.0M | 27.3M | 9.7M |
| Cash Paid To Employees | 18.5M | 35.2M | 28.9M | 23.1M | 17.5M | 14.9M | 11.1M | 4.4M |
| Taxes Paid | 4.2M | 9.6M | 12.2M | 17.2M | 19.0M | 23.6M | 16.5M | 3.8M |
| Total Operating Cash Outflow | 107.0M | 127.0M | 164.0M | 133.0M | 89.9M | 73.0M | 63.3M | 25.5M |
| Operating Cash Flow | 15.5M | 34.3M | 27.5M | 21.1M | 29.4M | 52.9M | 5.9M | 10.3M |
| Total Investing Cash Inflow | 1.2B | 1.5B | 1.0B | 11.5M | 110.0M | 216.0M | 1,800 | -- |
| Total Investing Cash Outflow | 1.3B | 1.5B | 1.1B | 13.9M | 112.0M | 225.0M | 547,700 | 862,300 |
| Investing Cash Flow | -36.0M | -35.1M | -72.4M | -2.4M | -1.2M | -9.8M | -545,900 | -862,300 |
| Cash From Borrowings | 14.2M | -- | -- | -- | 7.0M | -- | 12.6M | -- |
| Dividends And Interest Paid | 7.2M | 11.7M | 16.8M | 69,600 | 21.2M | 12.4M | 5.1M | -- |
| Debt Repayments | -- | -- | -- | 7.0M | -- | 10.0M | 2.6M | -- |
| Total Financing Cash Inflow | 14.2M | -- | 601.0M | -- | 43.0M | 36.5M | 14.6M | -- |
| Total Financing Cash Outflow | 29.6M | 13.6M | 101.0M | 8.4M | 21.2M | 22.4M | 7.7M | -- |
| Financing Cash Flow | -15.4M | -13.6M | 499.0M | -8.4M | 21.8M | 14.1M | 6.9M | -- |
| Net Change In Cash | -35.9M | -14.4M | 454.0M | 10.3M | 50.0M | 57.3M | 12.3M | 9.4M |
| Ending Cash Balance | 547.0M | 583.0M | 597.0M | 142.0M | 132.0M | 82.1M | 24.8M | 12.6M |
| Capex | 40.1M | 39.7M | 57.1M | 12.1M | 1.5M | 10.4M | 547,700 | 862,300 |