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 | 372.0M | 306.0M | 433.0M | 576.0M | 252.0M | 134.0M | 101.0M |
| Revenue Growth % | 21.6% | -29.3% | -24.8% | 128.6% | 88.1% | 32.7% | -- |
| Total Revenue | 372.0M | 306.0M | 433.0M | 576.0M | 252.0M | 134.0M | 101.0M |
| Cost Of Revenue | 323.0M | 261.0M | 316.0M | 341.0M | 188.0M | 111.0M | 87.3M |
| Gross Profit | 49.0M | 45.0M | 117.0M | 235.0M | 64.0M | 23.0M | 13.7M |
| Gross Margin % | 13.2% | 14.7% | 27.0% | 40.8% | 25.4% | 17.2% | 13.5% |
| Total Operating Cost | 559.0M | 497.0M | 431.0M | 437.0M | 235.0M | 148.0M | 112.0M |
| Selling Expenses | 18.7M | 15.3M | 11.8M | 10.3M | 6.9M | 4.9M | 3.1M |
| Admin Expenses | 35.3M | 28.8M | 30.8M | 31.1M | 14.9M | 11.4M | 5.8M |
| Rd Expenses | 101.0M | 100.0M | 64.8M | 47.1M | 21.8M | 18.4M | 14.8M |
| Finance Expenses | -3.3M | -10.7M | -7.3M | 228,700 | 565,700 | -5,600 | -394,200 |
| Operating Income | -163.0M | -177.0M | 13.6M | 149.0M | 22.3M | -9.8M | -10.6M |
| Operating Margin % | -43.8% | -57.8% | 3.1% | 25.9% | 8.9% | -7.3% | -10.5% |
| Non Operating Income | 1.5M | 6.5M | 6.4M | 4.7M | 562,400 | 2.2M | 1.3M |
| Non Operating Expenses | 61,100 | 3,900 | 2,500 | 149,000 | 22,100 | 8,000 | 13,300 |
| Investment Income | 11.6M | 9.2M | 1.3M | 1.8M | 795,300 | 395,300 | 143,500 |
| Fair Value Change Income | 703,300 | 1.4M | 571,900 | 624,700 | -- | -- | -- |
| Asset Impairment Loss | 81.8M | 100.0M | 13.7M | 5.3M | 2.0M | 1.8M | 1.0M |
| Other Income | 11.7M | 4.2M | 9.4M | 8.2M | 4.9M | 4.2M | 15,600 |
| Income Before Tax | -161.0M | -170.0M | 20.0M | 154.0M | 22.8M | -7.6M | -9.3M |
| Income Tax | -98,900 | 2.2M | -1.2M | 6.0M | 2.2M | -2.5M | -3.0M |
| Net Income | -161.0M | -173.0M | 21.2M | 148.0M | 20.6M | -5.1M | -6.3M |
| Net Margin % | -43.3% | -56.5% | 4.9% | 25.7% | 8.2% | -3.8% | -6.2% |
| Net Income Attributable | -161.0M | -173.0M | 21.2M | 148.0M | 20.6M | -5.1M | -6.3M |
| Eps Basic | -1.95 | -2.09 | 0.31 | 2.43 | -- | -- | -- |
| Eps Diluted | -- | -- | -- | 2.43 | -- | -- | -- |
| 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 | 291.0M | 217.0M | 631.0M | 271.0M | 159.0M | 32.7M | 13.2M |
| Trading Financial Assets | 376.0M | 531.0M | 193.0M | 50.6M | -- | 20.0M | -- |
| Accounts Receivable | 156.0M | 106.0M | 82.2M | 25.9M | 40.9M | 17.2M | 10.5M |
| Notes Receivable | 9.6M | 4.5M | 5.1M | 1.5M | 265,000 | -- | 100,000 |
| Notes And Accounts Receivable | 165.0M | 111.0M | 87.3M | 27.4M | 41.2M | 17.2M | 10.6M |
| Prepayments | 1.4M | 2.6M | 2.0M | 3.5M | 1.9M | 1.6M | 130,700 |
| Inventory | 270.0M | 333.0M | 263.0M | 131.0M | 28.7M | 17.0M | 23.8M |
| Total Current Assets | 1.4B | 1.3B | 1.4B | 488.0M | 232.0M | 88.7M | 49.9M |
| Fixed Assets | -- | 23.7M | 22.7M | 21.6M | 13.9M | 12.3M | 11.8M |
| Fixed Assets Total | 28.2M | 23.7M | 22.7M | 21.6M | 13.9M | 12.3M | 11.8M |
| Intangible Assets | 27.2M | 29.9M | 38.9M | 37.9M | 8.7M | 10.2M | 11.4M |
| Long Term Deferred Expenses | 16,700 | 283,000 | -- | -- | -- | -- | -- |
| Total Non Current Assets | 84.5M | 320.0M | 386.0M | 82.6M | 29.4M | 31.5M | 29.7M |
| Total Assets | 1.5B | 1.7B | 1.8B | 570.0M | 261.0M | 120.0M | 79.5M |
| Short Term Borrowings | 27.0M | -- | -- | -- | 5.0M | 5.0M | 5.0M |
| Accounts Payable | 36.0M | 84.5M | 74.4M | 69.2M | 34.7M | 26.9M | 24.8M |
| Advance Receipts | -- | -- | -- | -- | -- | 707,100 | 134,300 |
| Contract Liabilities | 252,700 | 844,500 | 1.8M | 12.2M | 2.8M | -- | -- |
| Total Current Liabilities | 91.0M | 104.0M | 90.7M | 99.9M | 55.2M | 41.5M | 37.3M |
| Total Non Current Liabilities | 24.1M | 24.1M | 25.3M | 22.1M | 800,000 | 800,000 | -- |
| Total Liabilities | 115.0M | 128.0M | 116.0M | 122.0M | 56.0M | 42.3M | 37.3M |
| Paid In Capital | 82.6M | 82.6M | 82.6M | 62.0M | 53.1M | 44.4M | 38.5M |
| Capital Reserve | 1.4B | 1.4B | 1.4B | 222.0M | 143.0M | 44.2M | 9.5M |
| Surplus Reserve | 17.9M | 17.9M | 17.9M | 15.4M | -- | -- | -- |
| Retained Earnings | -165.0M | -4.4M | 168.0M | 150.0M | 9.5M | -11.1M | -6.1M |
| Equity Attributable | 1.4B | 1.5B | 1.7B | 448.0M | 205.0M | 77.9M | 42.2M |
| Total Equity | 1.4B | 1.5B | 1.7B | 448.0M | 205.0M | 77.9M | 42.2M |
| 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 | 317.0M | 297.0M | 407.0M | 668.0M | 259.0M | 142.0M | 108.0M |
| Tax Refunds Received | 14.8M | 2.4M | 3.8M | 920,800 | 1.6M | 3.5M | 3.3M |
| Total Operating Cash Inflow | 344.0M | 322.0M | 435.0M | 685.0M | 266.0M | 153.0M | 113.0M |
| Cash Paid For Goods | 340.0M | 367.0M | 794.0M | 475.0M | 221.0M | 121.0M | 110.0M |
| Cash Paid To Employees | 80.9M | 65.1M | 53.9M | 37.7M | 19.1M | 14.9M | 11.3M |
| Taxes Paid | 2.6M | 4.6M | 4.4M | 17.7M | 3.2M | 144,100 | 477,800 |
| Total Operating Cash Outflow | 466.0M | 488.0M | 885.0M | 558.0M | 258.0M | 149.0M | 132.0M |
| Operating Cash Flow | -122.0M | -166.0M | -450.0M | 127.0M | 7.8M | 4.6M | -18.8M |
| Total Investing Cash Inflow | 3.3B | 1.1B | 66.2M | 222.0M | 161.0M | 45.4M | 10.1M |
| Total Investing Cash Outflow | 3.2B | 1.3B | 460.0M | 310.0M | 143.0M | 66.9M | 4.1M |
| Investing Cash Flow | 76.1M | -246.0M | -394.0M | -87.8M | 17.5M | -21.5M | 6.0M |
| Cash From Borrowings | 27.0M | -- | 220.0M | -- | 5.0M | 5.0M | 5.0M |
| Dividends And Interest Paid | 4,400 | -- | 3.8M | 114,800 | 218,100 | 218,700 | 106,300 |
| Debt Repayments | -- | -- | 220.0M | 5.0M | 5.0M | 5.0M | -- |
| Total Financing Cash Inflow | 27.0M | -- | 1.5B | 84.4M | 107.0M | 41.5M | 5.0M |
| Total Financing Cash Outflow | 17.6M | 2.3M | 255.0M | 10.4M | 5.3M | 5.3M | 156,300 |
| Financing Cash Flow | 9.4M | -2.3M | 1.2B | 74.1M | 102.0M | 36.2M | 4.8M |
| Net Change In Cash | -36.2M | -415.0M | 360.0M | 112.0M | 126.0M | 19.5M | -6.8M |
| Ending Cash Balance | 181.0M | 217.0M | 631.0M | 271.0M | 159.0M | 32.7M | 13.2M |
| Capex | 22.3M | 10.0M | 13.2M | 39.6M | 3.3M | 1.9M | 4.1M |