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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 971.0M | 798.0M | 671.0M | 656.0M | 502.0M | 329.0M | 219.0M | 137.0M | 94.2M | 71.8M | 43.1M | 30.9M | 21.9M |
| Revenue Growth % | 21.7% | 18.9% | 2.3% | 30.7% | 52.6% | 50.2% | 59.9% | 45.4% | 31.2% | 66.7% | 39.4% | 41.4% | -- |
| Total Revenue | 971.0M | 798.0M | 671.0M | 656.0M | 502.0M | 329.0M | 219.0M | 137.0M | 94.2M | 71.8M | 43.1M | 30.9M | 21.9M |
| Cost Of Revenue | 662.0M | 535.0M | 457.0M | 426.0M | 297.0M | 169.0M | 115.0M | 65.8M | 42.5M | 34.4M | 20.7M | 18.5M | 12.2M |
| Gross Profit | 309.0M | 263.0M | 214.0M | 230.0M | 205.0M | 160.0M | 104.0M | 71.2M | 51.7M | 37.4M | 22.4M | 12.4M | 9.7M |
| Gross Margin % | 31.8% | 33.0% | 31.9% | 35.1% | 40.8% | 48.6% | 47.5% | 52.0% | 54.9% | 52.1% | 52.0% | 40.1% | 44.1% |
| Total Operating Cost | 962.0M | 795.0M | 689.0M | 613.0M | 420.0M | 253.0M | 188.0M | 117.0M | 78.7M | 60.4M | 36.1M | 30.8M | 21.6M |
| Selling Expenses | 93.8M | 82.2M | 78.2M | 65.4M | 52.7M | 33.5M | 27.7M | 19.2M | 13.2M | 8.1M | 4.8M | 4.4M | 3.1M |
| Admin Expenses | 65.3M | 58.0M | 44.5M | 36.8M | 21.0M | 16.9M | 14.0M | 10.8M | 20.2M | 14.6M | 9.2M | 6.9M | 5.6M |
| Rd Expenses | 111.0M | 101.0M | 87.4M | 69.0M | 39.3M | 29.4M | 22.4M | 15.4M | -- | -- | -- | -- | -- |
| Finance Expenses | -1.2M | -1.3M | -1.0M | -4.6M | 43,500 | -568,200 | -834,200 | 583,500 | 409,400 | 605,400 | 415,600 | 33,800 | 123,400 |
| Operating Income | 53.5M | 44.9M | 26.3M | 77.8M | 108.0M | 99.0M | 45.4M | 32.1M | 15.6M | 11.4M | 7.0M | 152,500 | 309,500 |
| Operating Margin % | 5.5% | 5.6% | 3.9% | 11.9% | 21.5% | 30.1% | 20.7% | 23.5% | 16.6% | 15.9% | 16.3% | 0.5% | 1.4% |
| Non Operating Income | 181,500 | 221,600 | 94,900 | 19,300 | 304,700 | 72,300 | 20,200 | 79,900 | 7.5M | 6.5M | 1.7M | 1.4M | 350,700 |
| Non Operating Expenses | 130,700 | 557,300 | 1.2M | 778,500 | 1.7M | 68,500 | 86,600 | 102,700 | 19,000 | 461,600 | 149,200 | 70,000 | 70,600 |
| Investment Income | 6.8M | 5.2M | 3.7M | 1.6M | 1.3M | 800,500 | 588,500 | 564,400 | 60,000 | 18,900 | 59,300 | 2,521 | 10,700 |
| Fair Value Change Income | 207,100 | 312,000 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 160,900 | 62,100 | 20,100 | 800.00 | -- | -- | -- | 33,800 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 12.1M | 3.6M | 10.8M | 3.6M | 2.8M | 362,800 | 7.3M | 3.5M | 846,600 | 1.8M | 621,100 | 437,300 | 282,100 |
| Other Income | 38.0M | 36.4M | 40.2M | 33.1M | 23.9M | 22.5M | 13.6M | 11.9M | -- | -- | -- | -- | -- |
| Income Before Tax | 53.5M | 44.6M | 25.3M | 77.0M | 106.0M | 99.0M | 45.3M | 32.1M | 23.1M | 17.5M | 8.6M | 1.5M | 589,600 |
| Income Tax | 2.9M | 3.7M | -2.5M | 6.5M | 14.3M | 13.7M | 5.4M | 3.7M | 4.1M | 778,800 | 1.1M | 281,400 | 63,000 |
| Net Income | 50.6M | 40.9M | 27.7M | 70.5M | 92.2M | 85.3M | 40.0M | 28.4M | 19.0M | 16.7M | 7.5M | 1.2M | 526,600 |
| Net Margin % | 5.2% | 5.1% | 4.1% | 10.7% | 18.4% | 25.9% | 18.3% | 20.8% | 20.2% | 23.3% | 17.4% | 3.9% | 2.4% |
| Net Income Attributable | 51.3M | 41.5M | 28.0M | 70.5M | 92.2M | 85.3M | 40.0M | 28.4M | 19.0M | 16.7M | 7.5M | 1.2M | 526,600 |
| Minority Interest | -722,200 | -632,000 | -276,600 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.34 | 0.27 | 0.18 | 0.50 | 0.80 | 0.75 | 0.59 | 0.46 | 0.43 | 0.83 | 0.38 | 0.12 | 0.03 |
| Eps Diluted | 0.34 | 0.27 | 0.18 | 0.50 | 0.80 | 0.75 | 0.59 | 0.46 | 0.43 | 0.83 | 0.33 | 0.12 | -- |
| 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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 195.0M | 291.0M | 361.0M | 373.0M | 205.0M | 143.0M | 111.0M | 66.1M | 28.7M | 29.3M | 4.5M | 4.6M | 795,600 |
| Trading Financial Assets | 58.7M | 90.3M | -- | -- | -- | -- | -- | -- | -- | -- | 300.00 | -- | -- |
| Accounts Receivable | 534.0M | 410.0M | 353.0M | 369.0M | 202.0M | 186.0M | 152.0M | 92.8M | 66.2M | 43.8M | 25.4M | 19.5M | 15.3M |
| Notes Receivable | 8.7M | 17.7M | 16.9M | 13.5M | 19.1M | 8.6M | 7.9M | 495,200 | 2.7M | -- | 200,000 | 400,000 | -- |
| Notes And Accounts Receivable | 542.0M | 428.0M | 370.0M | 383.0M | 221.0M | 195.0M | 160.0M | 93.3M | 68.9M | 43.8M | 25.6M | 19.9M | 15.3M |
| Prepayments | 11.2M | 9.6M | 9.1M | 13.6M | 3.9M | 3.2M | 1.7M | 1.5M | 1.3M | 1.0M | 1.5M | 4.7M | 2.5M |
| Inventory | 298.0M | 259.0M | 245.0M | 284.0M | 224.0M | 143.0M | 59.8M | 33.7M | 17.3M | 9.1M | 9.3M | 6.2M | 3.5M |
| Total Current Assets | 1.2B | 1.1B | 1.0B | 1.1B | 688.0M | 501.0M | 337.0M | 197.0M | 119.0M | 84.4M | 43.4M | 36.4M | 24.2M |
| Fixed Assets | -- | 100.0M | 111.0M | 113.0M | 12.5M | 7.5M | 8.4M | 6.2M | 6.8M | 2.0M | 1.6M | 809,400 | 610,000 |
| Fixed Assets Total | 95.9M | 100.0M | 111.0M | 113.0M | 12.5M | 7.5M | 8.4M | 6.2M | 6.8M | 2.0M | 1.6M | 809,400 | 610,000 |
| Construction In Progress | -- | -- | -- | 3.1M | -- | 85,000 | 265,700 | -- | -- | 3.5M | 3.4M | -- | -- |
| Construction In Progress Total | -- | -- | -- | 3.1M | -- | 85,000 | 265,700 | -- | -- | 3.5M | 3.4M | -- | -- |
| Intangible Assets | 58.1M | 28.3M | 3.9M | 2.3M | 1.4M | -- | -- | 16,900 | -- | -- | -- | -- | -- |
| Long Term Deferred Expenses | 4.1M | 7.8M | 10.5M | 8.9M | 7.4M | 1.1M | 1.2M | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 355.0M | 283.0M | 177.0M | 144.0M | 29.1M | 13.6M | 15.0M | 9.1M | 7.5M | 6.1M | 5.4M | 2.0M | 905,100 |
| Total Assets | 1.5B | 1.4B | 1.2B | 1.2B | 717.0M | 515.0M | 352.0M | 206.0M | 127.0M | 90.5M | 48.8M | 38.4M | 25.1M |
| Short Term Borrowings | 4.4M | 50.0M | 30.0M | -- | 22.3M | -- | -- | 8.0M | 15.3M | 8.0M | 6.0M | -- | -- |
| Accounts Payable | 339.0M | 245.0M | 175.0M | 178.0M | 137.0M | 82.8M | 53.3M | 29.6M | 9.1M | 12.1M | 8.7M | 12.5M | 4.5M |
| Advance Receipts | -- | -- | -- | -- | -- | 70.9M | 37.0M | 21.6M | 5.5M | 1.2M | 463,000 | 1.2M | 596,200 |
| Contract Liabilities | 89.6M | 70.0M | 83.3M | 130.0M | 91.1M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 616.0M | 517.0M | 366.0M | 415.0M | 323.0M | 212.0M | 131.0M | 74.3M | 41.7M | 28.3M | 16.6M | 17.6M | 6.4M |
| Long Term Borrowings | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.6M | 920,000 | -- |
| Total Non Current Liabilities | 18.0M | 20.1M | 20.5M | 16.9M | 9,800 | 24,400 | 39,000 | -- | -- | -- | 1.6M | 920,000 | -- |
| Total Liabilities | 634.0M | 538.0M | 386.0M | 432.0M | 323.0M | 212.0M | 131.0M | 74.3M | 41.7M | 28.3M | 18.3M | 18.5M | 6.4M |
| Paid In Capital | 154.0M | 154.0M | 154.0M | 153.0M | 115.0M | 115.0M | 69.9M | 63.7M | 46.0M | 22.0M | 20.0M | 10.0M | 10.0M |
| Capital Reserve | 431.0M | 419.0M | 403.0M | 395.0M | 51.4M | 51.4M | 76.3M | 32.9M | 5.2M | 18.9M | 4.9M | -- | -- |
| Surplus Reserve | 47.9M | 41.8M | 30.9M | 29.7M | 24.3M | 15.7M | 8.3M | 3.0M | 2.6M | 881,100 | 93,100 | 521,200 | 390,200 |
| Retained Earnings | 253.0M | 254.0M | 242.0M | 238.0M | 204.0M | 120.0M | 66.9M | 32.1M | 31.1M | 20.4M | 5.6M | 9.3M | 8.3M |
| Minority Equity | 669,200 | 1.4M | 1.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 887.0M | 869.0M | 829.0M | 817.0M | 394.0M | 302.0M | 221.0M | 132.0M | 85.0M | 62.2M | 30.6M | 19.8M | 18.7M |
| Total Equity | 887.0M | 870.0M | 831.0M | 817.0M | 394.0M | 302.0M | 221.0M | 132.0M | 85.0M | 62.2M | 30.6M | 19.8M | 18.7M |
| 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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 945.0M | 758.0M | 704.0M | 555.0M | 521.0M | 350.0M | 198.0M | 149.0M | 93.6M | 58.9M | 41.9M | 32.5M | 20.9M |
| Tax Refunds Received | 26.2M | 25.1M | 16.0M | 13.6M | 16.5M | 13.6M | 8.6M | 8.0M | 4.7M | 6.0M | 499,000 | 773,100 | 330,400 |
| Total Operating Cash Inflow | 994.0M | 805.0M | 754.0M | 624.0M | 559.0M | 397.0M | 228.0M | 172.0M | 116.0M | 81.3M | 43.4M | 34.6M | 21.2M |
| Cash Paid For Goods | 544.0M | 386.0M | 442.0M | 422.0M | 307.0M | 210.0M | 110.0M | 69.2M | 49.4M | 28.1M | 26.6M | 18.0M | 10.9M |
| Cash Paid To Employees | 151.0M | 127.0M | 121.0M | 95.0M | 63.1M | 49.2M | 36.2M | 25.2M | 20.7M | 13.4M | 9.5M | 6.4M | 3.9M |
| Taxes Paid | 78.5M | 54.4M | 50.7M | 45.2M | 54.7M | 37.9M | 24.9M | 20.5M | 11.7M | 5.7M | 5.1M | 3.6M | 2.3M |
| Total Operating Cash Outflow | 920.0M | 695.0M | 727.0M | 675.0M | 506.0M | 362.0M | 225.0M | 150.0M | 125.0M | 71.0M | 50.5M | 32.6M | 19.9M |
| Operating Cash Flow | 73.2M | 110.0M | 27.5M | -50.8M | 52.9M | 34.4M | 3.0M | 21.7M | -8.8M | 10.3M | -7.1M | 2.0M | 1.3M |
| Total Investing Cash Inflow | 1.4B | 1.6B | 1.0B | 475.0M | 621.0M | 703.0M | 735.0M | 371.0M | 60,000 | 8.5M | 3.1M | 1.5M | 10,700 |
| Total Investing Cash Outflow | 1.5B | 1.8B | 1.0B | 589.0M | 636.0M | 704.0M | 740.0M | 372.0M | 2.5M | 9.5M | 5.6M | 550,700 | 692,700 |
| Investing Cash Flow | -44.2M | -196.0M | -42.4M | -114.0M | -15.1M | -1.0M | -4.7M | -880,300 | -2.5M | -974,800 | -2.5M | 951,800 | -682,000 |
| Cash From Borrowings | 80.4M | 50.0M | 30.0M | -- | 22.3M | -- | -- | 8.0M | 15.3M | 8.0M | 7.3M | 990,300 | -- |
| Dividends And Interest Paid | 46.1M | 19.3M | 23.1M | 30.9M | 725,900 | 24.5M | 13,800 | 479,000 | 395,900 | 1.7M | 1.2M | 24,800 | 116,700 |
| Debt Repayments | 132.0M | 30.0M | -- | 22.3M | -- | -- | 8.0M | 15.3M | 8.7M | 6.9M | 611,000 | 70,300 | 2.0M |
| Total Financing Cash Inflow | 104.0M | 50.2M | 35.9M | 396.0M | 22.3M | 20.0M | 49.6M | 30.2M | 19.3M | 24.0M | 11.3M | 990,300 | -- |
| Total Financing Cash Outflow | 202.0M | 49.3M | 23.1M | 69.3M | 3.3M | 24.5M | 8.0M | 15.9M | 9.1M | 8.6M | 1.9M | 95,100 | 2.1M |
| Financing Cash Flow | -98.4M | 905,000 | 12.9M | 327.0M | 19.0M | -4.5M | 41.6M | 14.3M | 10.2M | 15.4M | 9.4M | 895,200 | -2.1M |
| Net Change In Cash | -69.4M | -85.5M | -2.1M | 162.0M | 56.8M | 28.9M | 39.8M | 35.1M | -1.1M | 24.8M | -240,000 | 3.9M | -1.5M |
| Ending Cash Balance | 194.0M | 263.0M | 349.0M | 351.0M | 189.0M | 132.0M | 103.0M | 63.2M | 28.1M | 29.2M | 4.4M | 4.6M | 795,600 |
| Capex | 30.3M | 41.6M | 16.1M | 116.0M | 16.5M | 1.8M | 5.3M | 1.5M | 2.5M | 1.0M | 2.6M | 550,700 | 192,700 |