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 | 479.0M | 343.0M | 471.0M | 507.0M | 363.0M | 235.0M | 163.0M | 123.0M | 117.0M | 78.3M | 58.3M | 45.7M | 30.0M |
| Revenue Growth % | 39.7% | -27.2% | -7.1% | 39.7% | 54.5% | 44.2% | 32.5% | 5.1% | 49.5% | 34.4% | 27.6% | 52.3% | -- |
| Total Revenue | 479.0M | 343.0M | 471.0M | 507.0M | 363.0M | 235.0M | 163.0M | 123.0M | 117.0M | 78.3M | 58.3M | 45.7M | 30.0M |
| Cost Of Revenue | 311.0M | 241.0M | 288.0M | 280.0M | 189.0M | 127.0M | 89.5M | 65.1M | 47.9M | 31.9M | 33.5M | 26.2M | 15.3M |
| Gross Profit | 168.0M | 102.0M | 183.0M | 227.0M | 174.0M | 108.0M | 73.5M | 57.9M | 69.1M | 46.3M | 24.7M | 19.5M | 14.7M |
| Gross Margin % | 35.1% | 29.7% | 38.9% | 44.8% | 47.9% | 46.0% | 45.1% | 47.1% | 59.1% | 59.2% | 42.5% | 42.6% | 49.1% |
| Total Operating Cost | 527.0M | 426.0M | 451.0M | 434.0M | 297.0M | 213.0M | 158.0M | 107.0M | 92.5M | 57.7M | 45.9M | 38.8M | 31.8M |
| Selling Expenses | 64.7M | 67.7M | 53.4M | 48.9M | 34.1M | 27.0M | 20.9M | 13.9M | 10.8M | 7.4M | 5.0M | 5.8M | 6.0M |
| Admin Expenses | 40.8M | 38.4M | 28.5M | 29.3M | 27.8M | 24.7M | 24.3M | 11.7M | 32.6M | 17.1M | 10.0M | 5.9M | 6.9M |
| Rd Expenses | 62.6M | 57.6M | 67.9M | 63.3M | 38.9M | 28.3M | 20.0M | 13.9M | -- | -- | -- | -- | -- |
| Finance Expenses | -1.7M | -6.8M | -8.5M | -5.4M | -2.6M | -336,500 | -805,000 | -617,300 | -202,600 | -127,500 | -53,800 | -19,000 | -18,000 |
| Operating Income | -17.5M | -48.1M | 52.0M | 110.0M | 85.3M | 35.0M | 12.4M | 25.1M | 24.8M | 20.7M | 12.4M | 6.8M | -1.8M |
| Operating Margin % | -3.7% | -14.0% | 11.0% | 21.7% | 23.5% | 14.9% | 7.6% | 20.4% | 21.2% | 26.5% | 21.3% | 14.9% | -6.0% |
| Non Operating Income | 4,300 | 27,500 | 1,200 | 17,500 | 72,600 | 15,800 | 0.00 | 7,900 | 6.4M | 3.3M | 1.2M | 808,500 | 861,500 |
| Non Operating Expenses | 63,900 | 68,300 | 348,800 | 452,500 | 64,800 | 61,000 | 11,700 | 900.00 | 31,000 | 15,900 | 15,500 | 28,900 | 1,000 |
| Investment Income | 9.3M | 7.8M | 8.8M | -145,900 | 1.3M | 1.7M | 623,600 | 1.0M | 791,600 | 193,900 | 7,385 | -- | -- |
| Asset Disposal Income | 26,700 | -4,000 | -- | -- | -- | -12,500 | -- | -50,700 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 2.6M | 7.2M | 1.7M | 1.4M | 708,000 | -- | 2.5M | 1.3M | 508,400 | 188,100 | -3.4M | 346,000 | 3.2M |
| Other Income | 20.9M | 27.1M | 23.6M | 37.0M | 17.3M | 10.6M | 7.2M | 7.8M | -- | -- | -- | -- | -- |
| Income Before Tax | -17.6M | -48.1M | 51.7M | 110.0M | 85.3M | 34.9M | 12.3M | 25.1M | 31.2M | 24.0M | 13.6M | 7.6M | -939,000 |
| Income Tax | -8.0M | -12.6M | 655,600 | 8.5M | 7.1M | 2.8M | 1.5M | 3.4M | 3.8M | 3.1M | 3.4M | 2.4M | -555,300 |
| Net Income | -9.7M | -35.6M | 51.0M | 101.0M | 78.2M | 32.1M | 10.8M | 21.8M | 27.4M | 20.9M | 10.1M | 5.2M | -383,700 |
| Net Margin % | -2.0% | -10.4% | 10.8% | 19.9% | 21.5% | 13.7% | 6.6% | 17.7% | 23.4% | 26.7% | 17.4% | 11.3% | -1.3% |
| Net Income Attributable | -5.6M | -29.5M | 52.0M | 100.0M | 75.7M | 31.4M | 12.7M | 22.2M | 27.8M | 21.0M | 10.1M | 5.0M | -533,300 |
| Minority Interest | -4.0M | -6.1M | -997,800 | 1.1M | 2.5M | 699,000 | -1.9M | -477,300 | -429,400 | -108,400 | 23,000 | 187,200 | 149,600 |
| Eps Basic | -0.05 | -0.27 | 0.48 | 1.09 | 0.94 | 0.42 | 0.17 | 0.31 | 0.54 | 0.50 | 0.54 | 0.39 | -0.06 |
| Eps Diluted | -0.05 | -0.27 | 0.48 | 1.09 | 0.94 | 0.42 | 0.17 | 0.31 | 0.52 | 0.47 | 0.54 | 0.22 | -- |
| 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 | 332.0M | 282.0M | 333.0M | 462.0M | 229.0M | 172.0M | 103.0M | 109.0M | 40.7M | 30.5M | 16.8M | 19.9M | 7.6M |
| Trading Financial Assets | -- | 50.0M | -- | -- | -- | 10.0M | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 294.0M | 282.0M | 324.0M | 250.0M | 146.0M | 98.2M | 61.6M | 40.3M | 65.9M | 27.5M | 13.7M | 10.1M | 6.9M |
| Notes Receivable | 1.5M | 5.4M | 206,200 | 4.1M | 3.1M | 3.4M | 617,500 | 475,000 | -- | -- | -- | -- | 110,000 |
| Notes And Accounts Receivable | 296.0M | 288.0M | 324.0M | 254.0M | 149.0M | 102.0M | 62.2M | 40.8M | 65.9M | 27.5M | 13.7M | 10.1M | 7.0M |
| Prepayments | 3.2M | 5.9M | 5.9M | 15.1M | 10.2M | 7.7M | 2.8M | 2.1M | 5.2M | 2.3M | 3.5M | 5.5M | 2.0M |
| Inventory | 71.7M | 102.0M | 99.4M | 84.9M | 64.2M | 62.2M | 36.1M | 22.7M | 4.3M | 4.2M | 2.8M | 175,200 | 356,000 |
| Total Current Assets | 767.0M | 797.0M | 833.0M | 847.0M | 486.0M | 371.0M | 222.0M | 191.0M | 128.0M | 79.1M | 41.4M | 45.0M | 28.7M |
| Long Term Equity Investment | 46.6M | 41.8M | 15.5M | 3.7M | 1.5M | 1.2M | 1.1M | 1.4M | 1.1M | 1.1M | -- | -- | -- |
| Fixed Assets | -- | 94.3M | 43.8M | 5.9M | 5.8M | 5.5M | 5.6M | 4.0M | 1.9M | 1.8M | 1.5M | 1.2M | 992,600 |
| Fixed Assets Total | 93.5M | 94.3M | 43.8M | 5.9M | 5.8M | 5.5M | 5.6M | 4.0M | 1.9M | 1.8M | 1.5M | 1.2M | 992,600 |
| Construction In Progress | -- | -- | -- | 50.1M | 25.2M | 112,400 | 737,100 | -- | 1.5M | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | 50.1M | 25.2M | 112,400 | 737,100 | -- | 1.5M | -- | -- | -- | -- |
| Intangible Assets | 11.0M | 11.3M | 6.5M | 13.2M | 13.8M | 14.7M | 12.2M | -- | -- | -- | -- | -- | -- |
| Long Term Deferred Expenses | 4.5M | 1.5M | 1.9M | 3.9M | 6.0M | 7.9M | 8.2M | 486,600 | 573,500 | 795,500 | 1.0M | -- | -- |
| Total Non Current Assets | 212.0M | 202.0M | 153.0M | 104.0M | 57.9M | 33.8M | 32.8M | 10.1M | 12.0M | 10.9M | 2.6M | 2.1M | 1.9M |
| Total Assets | 979.0M | 999.0M | 986.0M | 952.0M | 544.0M | 405.0M | 255.0M | 201.0M | 140.0M | 90.0M | 44.0M | 47.1M | 30.6M |
| Short Term Borrowings | 19.7M | 15.4M | 4.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Payable | 124.0M | 99.7M | 113.0M | 90.5M | 57.5M | 38.6M | 28.1M | 21.5M | 19.2M | 17.0M | 15.2M | 13.6M | 7.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 50.6M | 31.4M | 17.5M | 3.5M | 4.2M | 1.6M | 6.3M | 5.3M |
| Contract Liabilities | 29.8M | 69.4M | 26.0M | 31.4M | 48.1M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 259.0M | 275.0M | 221.0M | 205.0M | 163.0M | 127.0M | 90.3M | 57.1M | 35.8M | 27.5M | 20.6M | 27.1M | 16.6M |
| Long Term Borrowings | -- | -- | -- | -- | 16.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 19.9M | 20.7M | 12.3M | 14.4M | 25.2M | 4.1M | 1.6M | 1.2M | 1.3M | 1.3M | 1.3M | 908,200 | -- |
| Total Liabilities | 279.0M | 296.0M | 233.0M | 220.0M | 189.0M | 131.0M | 91.9M | 58.3M | 37.2M | 28.8M | 21.8M | 28.0M | 16.6M |
| Paid In Capital | 108.0M | 107.0M | 107.0M | 107.0M | 80.5M | 80.5M | 73.2M | 73.2M | 52.4M | 24.2M | 12.9M | 10.1M | 10.1M |
| Capital Reserve | 387.0M | 380.0M | 380.0M | 380.0M | 132.0M | 130.0M | 57.0M | 49.9M | 16.3M | 14.4M | 1.8M | 910,000 | 910,000 |
| Surplus Reserve | 30.9M | 30.9M | 30.9M | 25.5M | 15.5M | 8.5M | 5.3M | 3.7M | 5.5M | 2.8M | 695,300 | 240,400 | 79,600 |
| Retained Earnings | 176.0M | 181.0M | 227.0M | 210.0M | 120.0M | 51.6M | 23.4M | 12.3M | 25.1M | 19.3M | 6.6M | 7.3M | 2.4M |
| Minority Equity | 7.7M | 5.2M | 8.8M | 9.3M | 8.2M | 4.7M | 4.1M | 3.9M | 4.6M | 480,000 | 238,500 | 665,500 | 478,300 |
| Equity Attributable | 692.0M | 698.0M | 744.0M | 723.0M | 347.0M | 269.0M | 159.0M | 139.0M | 98.1M | 60.8M | 21.9M | 18.5M | 13.5M |
| Total Equity | 700.0M | 704.0M | 753.0M | 732.0M | 355.0M | 274.0M | 163.0M | 143.0M | 103.0M | 61.2M | 22.2M | 19.2M | 14.0M |
| 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 | 406.0M | 452.0M | 418.0M | 410.0M | 324.0M | 229.0M | 175.0M | 145.0M | 94.2M | 76.8M | 56.4M | 48.9M | 33.9M |
| Tax Refunds Received | 13.1M | 11.8M | 17.5M | 14.7M | 23.5M | 7.9M | 7.2M | 4.8M | 5.5M | 2.0M | 864,300 | 458,800 | 646,000 |
| Total Operating Cash Inflow | 440.0M | 504.0M | 465.0M | 463.0M | 373.0M | 254.0M | 196.0M | 154.0M | 105.0M | 80.3M | 62.2M | 61.6M | 37.4M |
| Cash Paid For Goods | 183.0M | 203.0M | 227.0M | 238.0M | 144.0M | 116.0M | 79.9M | 56.7M | 57.5M | 34.3M | 36.3M | 25.3M | 21.2M |
| Cash Paid To Employees | 187.0M | 179.0M | 167.0M | 133.0M | 99.7M | 74.6M | 54.3M | 35.8M | 20.1M | 12.5M | 10.3M | 6.5M | 7.2M |
| Taxes Paid | 36.1M | 34.8M | 55.8M | 47.0M | 37.6M | 31.2M | 18.6M | 20.2M | 12.7M | 9.3M | 5.5M | 4.3M | 2.0M |
| Total Operating Cash Outflow | 451.0M | 467.0M | 498.0M | 459.0M | 321.0M | 255.0M | 180.0M | 134.0M | 98.3M | 70.1M | 68.8M | 53.1M | 45.8M |
| Operating Cash Flow | -11.3M | 36.8M | -32.4M | 4.5M | 52.4M | -1.4M | 15.2M | 19.8M | 6.6M | 10.2M | -6.7M | 8.5M | -8.4M |
| Total Investing Cash Inflow | 855.0M | 43.3M | 291.0M | 680.0M | 682.0M | 285.0M | 191.0M | 59.5M | 75.6M | 39.0M | 8,385 | -- | -- |
| Total Investing Cash Outflow | 806.0M | 124.0M | 357.0M | 705.0M | 669.0M | 321.0M | 211.0M | 61.2M | 76.5M | 53.6M | 2.8M | 391,200 | 110,300 |
| Investing Cash Flow | 49.3M | -80.3M | -66.2M | -25.2M | 12.8M | -35.9M | -20.2M | -1.7M | -865,000 | -14.6M | -2.8M | -391,200 | -110,300 |
| Cash From Borrowings | 37.4M | 17.6M | 4.0M | 11.6M | 16.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 1.0M | 16.4M | 30.2M | 563,300 | 119,700 | -- | -- | 10.0M | 7.6M | -- | 5.0M | -- | -- |
| Debt Repayments | 33.1M | 6.2M | 0.00 | 27.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 51.5M | 20.8M | 4.5M | 315.0M | 17.7M | 80.2M | 980,000 | 57.6M | 12.0M | 21.6M | 29.1M | 7.2M | 15.0M |
| Total Financing Cash Outflow | 39.4M | 27.5M | 34.8M | 59.3M | 119,700 | -- | -- | 12.1M | 7.6M | 3.5M | 22.8M | 3.0M | 8.1M |
| Financing Cash Flow | 12.1M | -6.7M | -30.3M | 255.0M | 17.6M | 80.2M | 980,000 | 45.5M | 4.4M | 18.1M | 6.3M | 4.2M | 6.9M |
| Net Change In Cash | 50.1M | -50.2M | -129.0M | 234.0M | 82.8M | 42.8M | -4.0M | 63.6M | 10.2M | 13.7M | -3.1M | 12.3M | -1.7M |
| Ending Cash Balance | 331.0M | 281.0M | 331.0M | 460.0M | 226.0M | 143.0M | 100.0M | 104.0M | 40.7M | 30.5M | 16.8M | 19.9M | 7.6M |
| Capex | 9.3M | 16.2M | 38.2M | 26.0M | 27.7M | 7.8M | 21.8M | 3.3M | 1.6M | 854,300 | 654,900 | 391,200 | 110,300 |