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 | 303.0M | 281.0M | 234.0M | 191.0M | 152.0M | 55.4M | 4.0M |
| Revenue Growth % | 7.8% | 20.1% | 22.5% | 25.7% | 174.1% | 1288.5% | -- |
| Total Revenue | 303.0M | 281.0M | 234.0M | 191.0M | 152.0M | 55.4M | 4.0M |
| Cost Of Revenue | 72.1M | 47.4M | 28.1M | 22.0M | 18.0M | 9.5M | 591,700 |
| Gross Profit | 230.9M | 233.6M | 205.9M | 169.0M | 134.0M | 46.0M | 3.4M |
| Gross Margin % | 76.2% | 83.1% | 88.0% | 88.5% | 88.1% | 82.9% | 85.2% |
| Total Operating Cost | 295.0M | 203.0M | 130.0M | 91.6M | 71.3M | 50.2M | 59.7M |
| Selling Expenses | 16.8M | 16.4M | 11.8M | 6.2M | 5.3M | 3.9M | 2.1M |
| Admin Expenses | 38.4M | 33.3M | 25.3M | 18.4M | 12.3M | 11.5M | 40.7M |
| Rd Expenses | 155.0M | 127.0M | 79.8M | 40.5M | 30.3M | 23.2M | 16.3M |
| Finance Expenses | -20.5M | -41.3M | -27.2M | -395,900 | -261,900 | -92,100 | -147,600 |
| Operating Income | 19.6M | 75.7M | 99.1M | 95.9M | 76.9M | 4.2M | -49.0M |
| Operating Margin % | 6.5% | 26.9% | 42.3% | 50.2% | 50.6% | 7.6% | -1225.9% |
| Non Operating Income | 300.00 | 24,300 | 2.0M | 3.0M | -- | -- | -- |
| Non Operating Expenses | 53,200 | 2.7M | 52,800 | 9,400 | 300.00 | 3,700 | 22,500 |
| Investment Income | -4.4M | -13.5M | -8.5M | -7.6M | -7.3M | -1.7M | 66,900 |
| Fair Value Change Income | 982,300 | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -29,600 | 51,100 | -- | -- | -- | -- | -37,000 |
| Asset Impairment Loss | 8.6M | 5.7M | -- | -- | -- | -- | 85,900 |
| Other Income | 14.7M | 11.7M | 3.3M | 4.4M | 3.4M | 643,100 | 6.7M |
| Income Before Tax | 19.5M | 73.1M | 101.0M | 98.8M | 76.9M | 4.2M | -49.0M |
| Net Income | 19.5M | 73.1M | 101.0M | 98.8M | 76.9M | 4.2M | -49.0M |
| Net Margin % | 6.4% | 26.0% | 43.2% | 51.8% | 50.6% | 7.5% | -1226.4% |
| Net Income Attributable | 19.5M | 73.1M | 101.0M | 98.8M | 76.9M | 4.2M | -49.0M |
| Eps Basic | 0.08 | 0.34 | 0.72 | 1.21 | 0.94 | -- | -- |
| Eps Diluted | -- | -- | -- | -- | 0.94 | -- | -- |
| 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 | 685.0M | 1.6B | 1.7B | 193.0M | 200.0M | 31.5M | 54.3M |
| Trading Financial Assets | 701.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 358.0M | 314.0M | 245.0M | 120.0M | 86.8M | 32.2M | 1.8M |
| Notes Receivable | 80.4M | 61.3M | 27.3M | 55.3M | 16.8M | 5.4M | -- |
| Notes And Accounts Receivable | 439.0M | 376.0M | 272.0M | 175.0M | 104.0M | 37.6M | 1.8M |
| Prepayments | 30.7M | 30.5M | 44.8M | 38.3M | 8.9M | 3.9M | 1.1M |
| Inventory | 87.1M | 108.0M | 73.0M | 29.8M | 13.0M | 4.7M | 1.6M |
| Total Current Assets | 1.9B | 2.1B | 2.1B | 436.0M | 326.0M | 80.7M | 60.7M |
| Long Term Equity Investment | 35.3M | 34.3M | 42.8M | 37.3M | 45.9M | 7.4M | 1.3M |
| Fixed Assets | -- | -- | -- | -- | 23.6M | 20.2M | 11.4M |
| Fixed Assets Total | 251.0M | 62.0M | 39.6M | 27.5M | 23.6M | 20.2M | 11.4M |
| Construction In Progress Total | -- | 373,500 | -- | -- | -- | -- | -- |
| Intangible Assets | 796,800 | 1.3M | 1.6M | 600,100 | 757,300 | -- | -- |
| Long Term Deferred Expenses | -- | 20.4M | -- | -- | 110,200 | 226,900 | 33,000 |
| Total Non Current Assets | 289.0M | 128.0M | 96.2M | 66.1M | 70.3M | 28.2M | 17.9M |
| Total Assets | 2.2B | 2.2B | 2.2B | 502.0M | 397.0M | 109.0M | 78.6M |
| Accounts Payable | 53.2M | 49.6M | 21.7M | 3.5M | 3.6M | 1.0M | 1.0M |
| Advance Receipts | 25,300 | -- | -- | -- | -- | 25.7M | 10.7M |
| Contract Liabilities | 16.4M | 13.7M | 22.1M | 13.9M | 20.4M | -- | -- |
| Total Current Liabilities | 92.9M | 109.0M | 79.1M | 41.8M | 35.0M | 32.6M | 15.0M |
| Total Non Current Liabilities | 2.2M | 2.0M | 1.0M | -- | -- | -- | -- |
| Total Liabilities | 95.1M | 111.0M | 80.2M | 41.8M | 35.0M | 32.6M | 15.0M |
| Paid In Capital | 214.0M | 153.0M | 109.0M | 81.9M | 81.9M | 70.0M | 16.3M |
| Capital Reserve | 1.7B | 1.8B | 1.8B | 305.0M | 305.0M | 138.0M | 184.0M |
| Surplus Reserve | 7.5M | 7.5M | 3.0M | 1.7M | -- | -- | -- |
| Retained Earnings | 171.0M | 177.0M | 142.0M | 72.1M | -25.0M | -132.0M | -136.0M |
| Equity Attributable | 2.1B | 2.1B | 2.1B | 461.0M | 362.0M | 76.3M | 63.6M |
| Total Equity | 2.1B | 2.1B | 2.1B | 461.0M | 362.0M | 76.3M | 63.6M |
| 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 | 246.0M | 196.0M | 169.0M | 132.0M | 90.8M | 39.7M | 11.5M |
| Tax Refunds Received | 18.5M | -- | 10.0M | -- | -- | -- | -- |
| Total Operating Cash Inflow | 298.0M | 249.0M | 212.0M | 142.0M | 94.6M | 40.5M | 18.6M |
| Cash Paid For Goods | 67.1M | 58.5M | 65.5M | 65.0M | 20.3M | 9.1M | 607,600 |
| Cash Paid To Employees | 108.0M | 92.7M | 64.3M | 37.2M | 26.3M | 23.0M | 18.7M |
| Taxes Paid | 31.4M | 21.8M | 15.4M | 7.0M | 8.8M | 2.1M | 104,100 |
| Total Operating Cash Outflow | 289.0M | 240.0M | 194.0M | 137.0M | 83.5M | 53.2M | 29.4M |
| Operating Cash Flow | 9.5M | 8.8M | 18.0M | 4.8M | 11.1M | -12.7M | -10.8M |
| Total Investing Cash Inflow | 2.9B | 1.2M | 121.0M | 241.0M | 82.4M | 4.1M | 5.1M |
| Total Investing Cash Outflow | 3.8B | 46.7M | 155.0M | 249.0M | 95.6M | 14.1M | 17.8M |
| Investing Cash Flow | -891.0M | -45.5M | -33.2M | -8.2M | -13.2M | -10.0M | -12.7M |
| Dividends And Interest Paid | 26.0M | 32.8M | 30.3M | -- | -- | -- | -- |
| Total Financing Cash Inflow | -- | -- | 1.6B | -- | 170.0M | -- | 36.4M |
| Total Financing Cash Outflow | 26.6M | 46.0M | 57.7M | 3.1M | -- | -- | -- |
| Financing Cash Flow | -26.6M | -46.0M | 1.5B | -3.1M | 170.0M | -- | 36.4M |
| Net Change In Cash | -908.0M | -82.7M | 1.5B | -6.5M | 168.0M | -22.7M | 12.8M |
| Ending Cash Balance | 685.0M | 1.6B | 1.7B | 193.0M | 199.0M | 31.5M | 54.3M |
| Capex | 199.0M | 46.7M | 33.7M | 9.2M | 7.9M | 8.3M | 11.5M |