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 |
|---|---|---|---|---|---|
| Revenue | 1.8B | 1.5B | 1.2B | 940.0M | 796.0M |
| Revenue Growth % | 18.8% | 21.2% | 31.7% | 18.1% | -- |
| Total Revenue | 1.8B | 1.5B | 1.2B | 940.0M | 796.0M |
| Cost Of Revenue | 1.4B | 1.2B | 911.0M | 670.0M | 560.0M |
| Gross Profit | 388.0M | 327.0M | 327.0M | 270.0M | 236.0M |
| Gross Margin % | 21.8% | 21.8% | 26.4% | 28.7% | 29.6% |
| Total Operating Cost | 1.7B | 1.4B | 1.1B | 810.0M | 682.0M |
| Selling Expenses | 12.3M | 11.5M | 8.4M | 9.0M | 5.5M |
| Admin Expenses | 76.0M | 70.4M | 66.7M | 52.2M | 40.6M |
| Rd Expenses | 118.0M | 89.4M | 78.9M | 65.1M | 60.6M |
| Finance Expenses | 36.0M | 13.8M | -6.0M | -1.6M | 2.8M |
| Operating Income | 160.0M | 153.0M | 198.0M | 169.0M | 136.0M |
| Operating Margin % | 9.0% | 10.2% | 16.0% | 18.0% | 17.1% |
| Non Operating Income | 301,700 | 333,800 | 846,300 | 5.4M | 4.2M |
| Non Operating Expenses | 1.2M | 314,000 | 3.7M | 704,800 | 39,800 |
| Investment Income | 10.8M | 6.6M | 10.2M | 2.7M | -57,400 |
| Fair Value Change Income | 8.4M | 1.2M | 4.2M | 1.4M | -- |
| Asset Disposal Income | 2.4M | 6.5M | 3.4M | 14.7M | 3.3M |
| Asset Impairment Loss | 22.0M | 15.4M | 10.2M | 14.4M | 9.1M |
| Other Income | 24.5M | 19.4M | 22.0M | 20.7M | 19.1M |
| Income Before Tax | 159.0M | 153.0M | 196.0M | 174.0M | 140.0M |
| Income Tax | 4.3M | -6.4M | -402,100 | -3.3M | -- |
| Net Income | 155.0M | 160.0M | 196.0M | 177.0M | 140.0M |
| Net Margin % | 8.7% | 10.7% | 15.8% | 18.8% | 17.6% |
| Net Income Attributable | 155.0M | 160.0M | 196.0M | 177.0M | 140.0M |
| Minority Interest | 19.00 | -- | -- | -- | -- |
| Eps Basic | 0.19 | 0.19 | 0.23 | 0.24 | 0.21 |
| Eps Diluted | 0.18 | 0.19 | 0.23 | 0.24 | 0.21 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 140.0M | 160.0M | 110.0M | 130.0M | 46.4M |
| Trading Financial Assets | 535.0M | 682.0M | 20.2M | 601.0M | -- |
| Accounts Receivable | 359.0M | 275.0M | 231.0M | 109.0M | 175.0M |
| Notes Receivable | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 359.0M | 275.0M | 231.0M | 109.0M | 175.0M |
| Prepayments | 3.8M | 6.1M | 1.1M | 5.8M | 2.9M |
| Inventory | 304.0M | 288.0M | 237.0M | 206.0M | 171.0M |
| Total Current Assets | 1.6B | 1.6B | 653.0M | 1.2B | 465.0M |
| Long Term Equity Investment | 276.0M | -- | -- | -- | -- |
| Fixed Assets | 2.7B | 2.7B | 2.4B | 1.7B | 1.5B |
| Fixed Assets Total | 2.7B | 2.7B | 2.4B | 1.7B | 1.5B |
| Construction In Progress | 86.8M | 79.8M | 181.0M | 78.0M | 32.6M |
| Construction In Progress Total | 86.8M | 79.8M | 181.0M | 78.0M | 32.6M |
| Intangible Assets | 50.9M | 46.5M | 25.7M | 17.7M | 17.1M |
| Total Non Current Assets | 3.3B | 3.0B | 2.9B | 2.0B | 1.6B |
| Total Assets | 4.9B | 4.6B | 3.6B | 3.2B | 2.0B |
| Short Term Borrowings | 84.6M | -- | 186.0M | -- | 368.0M |
| Accounts Payable | 120.0M | 132.0M | 141.0M | 83.6M | 84.1M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 6.0M | 1.7M | 2.9M | 50.4M | 471,100 |
| Total Current Liabilities | 297.0M | 162.0M | 365.0M | 161.0M | 490.0M |
| Long Term Borrowings | -- | -- | -- | -- | 53.9M |
| Total Non Current Liabilities | 1.0B | 1.2B | 99.4M | 131.0M | 155.0M |
| Total Liabilities | 1.3B | 1.4B | 464.0M | 292.0M | 644.0M |
| Paid In Capital | 869.0M | 838.0M | 835.0M | 835.0M | 668.0M |
| Capital Reserve | 2.4B | 2.2B | 2.1B | 2.1B | 937.0M |
| Surplus Reserve | 77.9M | 65.4M | 51.3M | 30.2M | 12.3M |
| Retained Earnings | 237.0M | 173.0M | 110.0M | -64.7M | -224.0M |
| Minority Equity | 19.00 | -- | -- | -- | -- |
| Equity Attributable | 3.5B | 3.2B | 3.1B | 2.9B | 1.4B |
| Total Equity | 3.5B | 3.2B | 3.1B | 2.9B | 1.4B |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 1.8B | 1.5B | 1.1B | 1.1B | 789.0M |
| Tax Refunds Received | 76.3M | 65.4M | 61.1M | 117.0M | 17.7M |
| Total Operating Cash Inflow | 1.9B | 1.6B | 1.2B | 1.3B | 848.0M |
| Cash Paid For Goods | 925.0M | 896.0M | 643.0M | 508.0M | 414.0M |
| Cash Paid To Employees | 209.0M | 199.0M | 164.0M | 135.0M | 116.0M |
| Taxes Paid | 16.4M | 5.1M | 4.6M | 5.0M | 2.7M |
| Total Operating Cash Outflow | 1.2B | 1.1B | 841.0M | 679.0M | 553.0M |
| Operating Cash Flow | 692.0M | 501.0M | 351.0M | 601.0M | 295.0M |
| Total Investing Cash Inflow | 2.4B | 1.0B | 1.7B | 855.0M | 10.4M |
| Total Investing Cash Outflow | 3.1B | 2.3B | 2.3B | 2.2B | 396.0M |
| Investing Cash Flow | -642.0M | -1.2B | -550.0M | -1.4B | -386.0M |
| Cash From Borrowings | 18.0M | 1.5B | 185.0M | 383.0M | 530.0M |
| Dividends And Interest Paid | 82.0M | 90.2M | 731,000 | 15.3M | 17.6M |
| Debt Repayments | 73.1M | 582.0M | -- | 828.0M | 469.0M |
| Total Financing Cash Inflow | 83.9M | 1.6B | 185.0M | 1.7B | 661.0M |
| Total Financing Cash Outflow | 160.0M | 776.0M | 6.4M | 881.0M | 571.0M |
| Financing Cash Flow | -75.8M | 785.0M | 179.0M | 856.0M | 90.0M |
| Net Change In Cash | -22.3M | 42.4M | -19.1M | 82.9M | -3.2M |
| Ending Cash Balance | 130.0M | 152.0M | 110.0M | 129.0M | 45.9M |
| Capex | 460.0M | 584.0M | 1.2B | 583.0M | 396.0M |