Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | 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 2011Dec 31, 2011 | FY 2010Dec 31, 2010 | FY 2009Dec 31, 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.5B | 2.7B | 2.7B | 2.1B | 1.8B | 1.3B | 1.6B | 1.6B | 1.4B | 861.0M | 216.0M | 146.0M | 112.0M |
| Revenue Growth % | -8.3% | 1.7% | 24.6% | 20.5% | 32.7% | -17.0% | 3.0% | 15.1% | 57.3% | 298.6% | 47.9% | 30.4% | -- |
| Total Revenue | 2.5B | 2.7B | 2.7B | 2.1B | 1.8B | 1.3B | 1.6B | 1.6B | 1.4B | 861.0M | 216.0M | 146.0M | 112.0M |
| Cost Of Revenue | 739.0M | 813.0M | 783.0M | 661.0M | 493.0M | 334.0M | 364.0M | 334.0M | 289.0M | 142.0M | 39.1M | 28.1M | 29.1M |
| Gross Profit | 1.7B | 1.9B | 1.9B | 1.5B | 1.3B | 998.0M | 1.2B | 1.2B | 1.1B | 719.0M | 176.9M | 117.9M | 82.9M |
| Gross Margin % | 70.1% | 69.9% | 70.5% | 69.0% | 72.1% | 74.9% | 77.3% | 78.6% | 78.7% | 83.5% | 81.9% | 80.7% | 74.0% |
| Total Operating Cost | 2.3B | 2.3B | 2.2B | 1.9B | 1.5B | 1.1B | 1.2B | 1.1B | 944.0M | 521.0M | 122.0M | 83.5M | 73.8M |
| Selling Expenses | 815.0M | 781.0M | 815.0M | 680.0M | 612.0M | 556.0M | 544.0M | 495.0M | 414.0M | 288.0M | 42.0M | 26.2M | 20.5M |
| Admin Expenses | 429.0M | 443.0M | 418.0M | 402.0M | 283.0M | 214.0M | 267.0M | 240.0M | 193.0M | 89.0M | 38.6M | 26.7M | 23.2M |
| Rd Expenses | 198.0M | 239.0M | 220.0M | 182.0M | 168.0M | 126.0M | 116.0M | 95.4M | 76.3M | 47.3M | -- | -- | -- |
| Finance Expenses | -60.7M | -48.7M | -62.2M | -74.1M | -84.9M | -99.1M | -63.5M | -62.2M | -49.8M | -60.0M | 942,500 | -76,600 | -63,800 |
| Operating Income | 220.0M | 495.0M | 507.0M | 235.0M | 383.0M | 259.0M | 435.0M | 527.0M | 462.0M | 341.0M | 93.6M | 62.8M | 37.9M |
| Operating Margin % | 8.9% | 18.3% | 19.1% | 11.0% | 21.7% | 19.4% | 27.1% | 33.8% | 34.1% | 39.6% | 43.3% | 43.0% | 33.8% |
| Non Operating Income | 21.2M | 988,300 | 2.2M | 2.4M | 464,600 | 443,400 | 19,400 | 14,100 | 15,200 | 25.7M | 3.0M | 2.1M | 716,200 |
| Non Operating Expenses | 2.2M | 29.6M | 1.3M | 1.3M | 1.2M | 2.4M | 1.1M | 1.4M | 716,100 | 788,000 | 366,400 | 66,900 | 1.8M |
| Investment Income | 4.5M | 1.0M | 1.1M | 5.8M | 62.2M | 36.8M | 20.6M | 22.7M | 9.4M | 1.2M | -- | -- | -- |
| Fair Value Change Income | 31.1M | 25.9M | 2.3M | -7.8M | 23,700 | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -201,000 | -16,500 | 627,000 | 184,700 | -315,800 | -677,100 | 248,400 | -1.3M | -1.1M | -122,300 | -- | -- | -- |
| Asset Impairment Loss | 199.0M | 32.2M | 6.7M | 54.2M | -686,600 | 4.0M | 558,100 | 427,100 | 11.4M | 7.0M | -294,000 | 1.9M | 449,000 |
| Other Income | 51.2M | 44.2M | 41.8M | 40.3M | 33.9M | 33.9M | 46.3M | 64.4M | 43.3M | -- | -- | -- | -- |
| Income Before Tax | 239.0M | 466.0M | 508.0M | 236.0M | 383.0M | 257.0M | 434.0M | 525.0M | 462.0M | 366.0M | 96.2M | 64.9M | 36.8M |
| Income Tax | 30.9M | 89.9M | 96.0M | 45.4M | 35.4M | 30.7M | 58.0M | 70.1M | 61.6M | 55.3M | 14.5M | 9.6M | 5.5M |
| Net Income | 208.0M | 376.0M | 412.0M | 190.0M | 347.0M | 226.0M | 376.0M | 455.0M | 400.0M | 311.0M | 81.7M | 55.3M | 31.4M |
| Net Margin % | 8.4% | 13.9% | 15.5% | 8.9% | 19.6% | 17.0% | 23.4% | 29.2% | 29.5% | 36.1% | 37.8% | 37.8% | 28.0% |
| Net Income Attributable | 251.0M | 420.0M | 416.0M | 180.0M | 352.0M | 230.0M | 371.0M | 415.0M | 372.0M | 305.0M | 81.7M | 55.3M | 31.4M |
| Minority Interest | -42.7M | -44.2M | -3.9M | 9.9M | -5.0M | -3.7M | 5.6M | 40.5M | 27.6M | 5.6M | -- | -- | -- |
| Eps Basic | 1.08 | 1.80 | 1.75 | 1.04 | 2.00 | 1.30 | 2.27 | 2.59 | 2.33 | 1.91 | 0.68 | 0.46 | -- |
| Eps Diluted | 1.08 | 1.80 | 1.75 | 1.04 | 2.00 | 1.30 | 2.27 | 2.59 | 2.33 | 1.91 | 0.68 | 0.46 | -- |
| Line Item | FY 2025Dec 31, 2025 | 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 2011Dec 31, 2011 | FY 2010Dec 31, 2010 | FY 2009Dec 31, 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 2.4B | 2.6B | 2.7B | 2.5B | 2.9B | 3.1B | 3.2B | 1.4B | 1.8B | 2.0B | 124.0M | 66.0M | 27.1M |
| Trading Financial Assets | 80.6M | 96.0M | 20.3M | 6.7M | 11.1M | 22.4M | 8.0M | 312,000 | -- | -- | -- | -- | -- |
| Accounts Receivable | 271.0M | 316.0M | 328.0M | 382.0M | 371.0M | 334.0M | 382.0M | 385.0M | 330.0M | 235.0M | 21.0M | 17.0M | 15.1M |
| Notes Receivable | -- | -- | -- | -- | -- | -- | -- | -- | 3.3M | -- | 2.2M | -- | -- |
| Notes And Accounts Receivable | 271.0M | 316.0M | 328.0M | 382.0M | 371.0M | 334.0M | 382.0M | 385.0M | 333.0M | 235.0M | 23.2M | 17.0M | 15.1M |
| Prepayments | 52.9M | 52.8M | 52.3M | 58.6M | 55.7M | 43.7M | 37.4M | 33.6M | 22.2M | 21.4M | 2.0M | 1.2M | 1.2M |
| Inventory | 523.0M | 491.0M | 526.0M | 485.0M | 355.0M | 255.0M | 240.0M | 198.0M | 175.0M | 118.0M | 44.1M | 29.3M | 14.9M |
| Total Current Assets | 3.5B | 3.7B | 3.8B | 3.5B | 3.7B | 3.8B | 3.9B | 2.3B | 2.4B | 2.5B | 197.0M | 123.0M | 117.0M |
| Long Term Equity Investment | 4.7M | 4.5M | 3.5M | 3.0M | 51.4M | 50.2M | 5.3M | 355.0M | 94.7M | -- | -- | -- | -- |
| Fixed Assets | -- | 783.0M | 767.0M | 759.0M | 820.0M | 532.0M | 534.0M | 417.0M | -- | -- | 67.6M | 61.6M | 29.9M |
| Fixed Assets Total | 708.0M | 783.0M | 767.0M | 759.0M | 820.0M | 532.0M | 534.0M | 417.0M | 277.0M | 245.0M | 67.6M | 61.6M | 29.9M |
| Construction In Progress | -- | 903.0M | 636.0M | 519.0M | 370.0M | 441.0M | 357.0M | 278.0M | -- | -- | 13.8M | 13.9M | 10.1M |
| Construction In Progress Total | 1.0B | 903.0M | 636.0M | 519.0M | 370.0M | 441.0M | 357.0M | 278.0M | 293.0M | 209.0M | 13.8M | 13.9M | 10.1M |
| Intangible Assets | 540.0M | 705.0M | 729.0M | 784.0M | 783.0M | 579.0M | 614.0M | 468.0M | 491.0M | 327.0M | 24.2M | 25.3M | 21.7M |
| Long Term Deferred Expenses | 12.2M | 14.2M | 5.4M | 8.4M | 8.0M | 4.7M | 4.1M | 8.9M | 15.4M | 20.5M | 7.0M | 10.2M | 7.4M |
| Total Non Current Assets | 3.3B | 3.5B | 3.4B | 3.4B | 3.2B | 2.5B | 2.2B | 2.1B | 1.7B | 1.2B | 135.0M | 112.0M | 69.8M |
| Total Assets | 6.7B | 7.1B | 7.1B | 6.9B | 7.0B | 6.3B | 6.2B | 4.4B | 4.1B | 3.7B | 332.0M | 235.0M | 186.0M |
| Short Term Borrowings | 236.0M | 212.0M | 10.0M | 5.3M | 25.2M | 78.7M | 5.3M | 18.9M | 18.5M | 26.7M | -- | -- | -- |
| Accounts Payable | 68.1M | 62.1M | 55.1M | 54.5M | 46.3M | 28.0M | 36.8M | 36.8M | 39.0M | 19.7M | 3.0M | 1.2M | 838,400 |
| Advance Receipts | -- | -- | -- | -- | -- | -- | -- | -- | 41.8M | 21.6M | 9.0M | 5.3M | 1.9M |
| Contract Liabilities | 112.0M | 111.0M | 80.0M | 32.6M | 46.5M | 16.2M | 18.1M | 22.4M | -- | -- | -- | -- | -- |
| Total Current Liabilities | 915.0M | 866.0M | 716.0M | 511.0M | 487.0M | 434.0M | 360.0M | 451.0M | 478.0M | 536.0M | 55.5M | 40.1M | 47.4M |
| Long Term Borrowings | 33.1M | 111.0M | 157.0M | 44.0M | 9.9M | 581,800 | 652,700 | 16.4M | 17.6M | -- | -- | -- | -- |
| Total Non Current Liabilities | 201.0M | 338.0M | 372.0M | 479.0M | 403.0M | 131.0M | 139.0M | 150.0M | 246.0M | 171.0M | 1.2M | 1.4M | 813,400 |
| Total Liabilities | 1.1B | 1.2B | 1.1B | 990.0M | 890.0M | 564.0M | 499.0M | 601.0M | 724.0M | 708.0M | 56.6M | 41.4M | 48.2M |
| Paid In Capital | 231.0M | 233.0M | 171.0M | 174.0M | 176.0M | 177.0M | 178.0M | 160.0M | 160.0M | 160.0M | 120.0M | 120.0M | 120.0M |
| Capital Reserve | 2.7B | 2.8B | 3.0B | 3.0B | 3.1B | 3.3B | 3.3B | 1.8B | 1.8B | 1.8B | 16.2M | 16.2M | 11.5M |
| Surplus Reserve | 117.0M | 117.0M | 88.9M | 88.9M | 88.9M | 88.9M | 88.9M | 80.0M | 80.0M | 77.7M | 3.4M | 678,200 | 4.1M |
| Retained Earnings | 2.9B | 2.9B | 2.7B | 2.4B | 2.3B | 2.0B | 1.8B | 1.6B | 1.2B | 895.0M | 136.0M | 56.6M | 2.6M |
| Minority Equity | 183.0M | 342.0M | 367.0M | 388.0M | 347.0M | 243.0M | 199.0M | 224.0M | 185.0M | 81.9M | -- | -- | -- |
| Equity Attributable | 5.4B | 5.6B | 5.7B | 5.5B | 5.7B | 5.5B | 5.5B | 3.6B | 3.2B | 2.9B | 275.0M | 193.0M | 138.0M |
| Total Equity | 5.6B | 5.9B | 6.0B | 5.9B | 6.1B | 5.7B | 5.7B | 3.8B | 3.4B | 3.0B | 275.0M | 193.0M | 138.0M |
| Line Item | FY 2025Dec 31, 2025 | 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 2011Dec 31, 2011 | FY 2010Dec 31, 2010 | FY 2009Dec 31, 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.8B | 3.0B | 2.9B | 2.3B | 1.9B | 1.5B | 1.7B | 1.6B | 1.4B | 875.0M | 235.0M | 164.0M | 126.0M |
| Tax Refunds Received | -- | -- | -- | -- | -- | -- | -- | 11.0M | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 2.8B | 3.1B | 3.0B | 2.3B | 1.9B | 1.5B | 1.8B | 1.7B | 1.5B | 927.0M | 246.0M | 173.0M | 136.0M |
| Cash Paid For Goods | 624.0M | 699.0M | 704.0M | 701.0M | 471.0M | 294.0M | 363.0M | 294.0M | 232.0M | 72.7M | 41.9M | 36.7M | 22.8M |
| Cash Paid To Employees | 691.0M | 699.0M | 616.0M | 519.0M | 413.0M | 303.0M | 319.0M | 243.0M | 187.0M | 105.0M | 25.1M | 22.1M | 16.2M |
| Taxes Paid | 274.0M | 267.0M | 193.0M | 168.0M | 140.0M | 121.0M | 139.0M | 198.0M | 178.0M | 96.1M | 35.1M | 16.2M | 14.9M |
| Total Operating Cash Outflow | 2.4B | 2.4B | 2.3B | 2.1B | 1.6B | 1.2B | 1.4B | 1.3B | 1.1B | 664.0M | 154.0M | 112.0M | 82.3M |
| Operating Cash Flow | 491.0M | 649.0M | 634.0M | 231.0M | 342.0M | 262.0M | 349.0M | 391.0M | 351.0M | 263.0M | 92.3M | 61.1M | 54.2M |
| Total Investing Cash Inflow | 1.7B | 1.8B | 1.2B | 1.6B | 1.6B | 1.5B | 1.8B | 1.1B | 1.4B | 184.0M | 8.5M | 115.0M | 69.9M |
| Total Investing Cash Outflow | 1.5B | 1.5B | 1.6B | 2.3B | 1.7B | 1.2B | 2.9B | 1.9B | 1.6B | 1.7B | 39.4M | 137.0M | 106.0M |
| Investing Cash Flow | 201.0M | 282.0M | -377.0M | -682.0M | -148.0M | 317.0M | -1.1B | -795.0M | -157.0M | -1.5B | -30.9M | -22.5M | -35.9M |
| Cash From Borrowings | 236.0M | 242.0M | 314.0M | 65.9M | 38.0M | 114.0M | 52.9M | 40.4M | 18.5M | 5.2M | 20.0M | -- | -- |
| Dividends And Interest Paid | 299.0M | 290.0M | 88.7M | 138.0M | 106.0M | 136.0M | 92.8M | 82.2M | 87.9M | 58.8M | 1.3M | -- | -- |
| Debt Repayments | 287.0M | 198.0M | 16.4M | 47.9M | 95.5M | 49.9M | 79.5M | 42.3M | 27.1M | 4.8M | 20.0M | -- | -- |
| Total Financing Cash Inflow | 236.0M | 298.0M | 435.0M | 66.7M | 93.0M | 114.0M | 1.6B | 40.4M | 18.5M | 5.2M | 20.0M | -- | -- |
| Total Financing Cash Outflow | 817.0M | 689.0M | 692.0M | 355.0M | 324.0M | 304.0M | 199.0M | 126.0M | 115.0M | 63.6M | 21.3M | -- | -- |
| Financing Cash Flow | -581.0M | -390.0M | -258.0M | -288.0M | -231.0M | -190.0M | 1.4B | -85.3M | -96.5M | -58.4M | -1.3M | -- | -- |
| Net Change In Cash | 115.0M | 544.0M | 10.1M | -725.0M | -44.0M | 383.0M | 609.0M | -486.0M | 96.6M | -1.3B | 60.1M | 38.6M | 18.2M |
| Ending Cash Balance | 1.2B | 1.1B | 569.0M | 559.0M | 1.3B | 1.3B | 945.0M | 336.0M | 822.0M | 725.0M | 122.0M | 61.6M | 23.0M |
| Capex | 187.0M | 363.0M | 267.0M | 317.0M | 272.0M | 196.0M | 399.0M | 152.0M | 135.0M | 75.7M | 38.7M | 47.4M | 21.9M |