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 | 473.0M | 359.0M | 340.0M | 270.0M | 202.0M | 134.0M | 104.0M |
| Revenue Growth % | 31.8% | 5.6% | 25.9% | 33.7% | 50.7% | 28.8% | -- |
| Total Revenue | 473.0M | 359.0M | 340.0M | 270.0M | 202.0M | 134.0M | 104.0M |
| Cost Of Revenue | 132.0M | 97.1M | 83.3M | 71.3M | 54.0M | 39.0M | 33.4M |
| Gross Profit | 341.0M | 261.9M | 256.7M | 198.7M | 148.0M | 95.0M | 70.6M |
| Gross Margin % | 72.1% | 73.0% | 75.5% | 73.6% | 73.3% | 70.9% | 67.9% |
| Total Operating Cost | 482.0M | 317.0M | 244.0M | 195.0M | 153.0M | 118.0M | 101.0M |
| Selling Expenses | 147.0M | 91.2M | 54.0M | 43.2M | 30.3M | 28.0M | 23.2M |
| Admin Expenses | 51.6M | 39.5M | 26.7M | 23.8M | 20.5M | 12.8M | 11.9M |
| Rd Expenses | 131.0M | 98.4M | 68.2M | 50.5M | 37.1M | 32.9M | 26.5M |
| Finance Expenses | -11.8M | -24.2M | -1.5M | -615,100 | 124,200 | 436,300 | 750,000 |
| Operating Income | 38.5M | 68.1M | 111.0M | 84.7M | 59.2M | 21.8M | 14.3M |
| Operating Margin % | 8.1% | 19.0% | 32.6% | 31.4% | 29.3% | 16.2% | 13.8% |
| Non Operating Income | 1.1M | 130,800 | 260,200 | 2,200 | 108,200 | 1,100 | 10,000 |
| Non Operating Expenses | 819,200 | 42,700 | 345,500 | 578,200 | 124,600 | 9,500 | 2.0M |
| Investment Income | 7.8M | 1.3M | -- | -- | -65,200 | -- | -- |
| Fair Value Change Income | 5.4M | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 314,100 | -- | -87,800 | 4,700 | 29,800 | 100.00 | -- |
| Asset Impairment Loss | 4.9M | 4.9M | 2.2M | 19,600 | 4.4M | 2.0M | 4.2M |
| Other Income | 33.8M | 24.9M | 15.6M | 8.8M | 9.4M | 6.0M | 11.4M |
| Income Before Tax | 38.8M | 68.2M | 111.0M | 84.1M | 59.2M | 21.8M | 12.4M |
| Income Tax | -11.1M | -7.6M | 3.6M | 9.4M | 6.9M | 1.3M | 511,300 |
| Net Income | 49.9M | 75.7M | 107.0M | 74.7M | 52.4M | 20.5M | 11.8M |
| Net Margin % | 10.6% | 21.1% | 31.5% | 27.7% | 25.9% | 15.3% | 11.4% |
| Net Income Attributable | 42.1M | 67.3M | 107.0M | 74.7M | 52.3M | 20.5M | 11.8M |
| Minority Interest | 7.8M | 8.5M | -- | -- | 64,700 | -- | -- |
| Eps Basic | 0.37 | 0.59 | 1.23 | 1.30 | 1.02 | 0.41 | 0.24 |
| Eps Diluted | 0.37 | 0.59 | 1.21 | 1.30 | 1.02 | 0.41 | 0.24 |
| 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 | 754.0M | 955.0M | 1.5B | 134.0M | 182.0M | 49.4M | 31.7M |
| Trading Financial Assets | 59.1M | 320.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 446.0M | 337.0M | 317.0M | 177.0M | 113.0M | 42.2M | 35.5M |
| Notes Receivable | -- | -- | -- | -- | -- | 200,000 | 1.0M |
| Notes And Accounts Receivable | 446.0M | 337.0M | 317.0M | 177.0M | 113.0M | 42.4M | 36.5M |
| Prepayments | 9.3M | 4.8M | 10.6M | 4.2M | 2.2M | 3.8M | 3.6M |
| Inventory | 131.0M | 48.0M | 40.0M | 41.8M | 33.4M | 37.9M | 30.8M |
| Total Current Assets | 1.5B | 1.7B | 1.8B | 363.0M | 335.0M | 138.0M | 105.0M |
| Fixed Assets | -- | 103.0M | 24.7M | 21.2M | 17.5M | 18.1M | 19.6M |
| Fixed Assets Total | 125.0M | 103.0M | 24.7M | 21.2M | 17.5M | 18.1M | 19.6M |
| Construction In Progress | -- | 3.0M | 665,100 | 830,900 | -- | -- | -- |
| Construction In Progress Total | 32.6M | 3.0M | 665,100 | 830,900 | -- | -- | -- |
| Intangible Assets | 99.2M | 53.6M | 13.0M | 7.0M | 4.7M | 3.9M | 4.1M |
| Long Term Deferred Expenses | 24.1M | 20.2M | 5.5M | 2.8M | 1.1M | 369,600 | 687,900 |
| Total Non Current Assets | 663.0M | 377.0M | 126.0M | 106.0M | 30.4M | 26.9M | 27.9M |
| Total Assets | 2.2B | 2.1B | 2.0B | 469.0M | 365.0M | 165.0M | 133.0M |
| Short Term Borrowings | -- | 6.5M | -- | 5.0M | 10.0M | 10.0M | 9.1M |
| Accounts Payable | 76.1M | 32.3M | 26.6M | 20.8M | 16.0M | 15.2M | 10.1M |
| Advance Receipts | 955,200 | 755,900 | 111,700 | -- | -- | 7.1M | 5.7M |
| Contract Liabilities | 21.4M | 4.7M | 2.5M | 3.2M | 3.0M | -- | -- |
| Total Current Liabilities | 211.0M | 113.0M | 70.4M | 66.8M | 59.5M | 54.2M | 42.1M |
| Total Non Current Liabilities | 61.7M | 46.1M | 19.6M | 15.0M | 3.8M | 5.0M | 6.6M |
| Total Liabilities | 273.0M | 159.0M | 90.0M | 81.8M | 63.3M | 59.2M | 48.7M |
| Paid In Capital | 115.0M | 114.0M | 77.0M | 57.4M | 57.4M | 50.0M | 50.0M |
| Capital Reserve | 1.5B | 1.5B | 1.6B | 208.0M | 197.0M | 11.5M | 10.2M |
| Surplus Reserve | 26.1M | 26.1M | 22.8M | 11.8M | 4.7M | 5.3M | 2.9M |
| Retained Earnings | 257.0M | 237.0M | 206.0M | 110.0M | 42.5M | 38.8M | 20.7M |
| Minority Equity | 56.6M | 16.9M | -- | -- | -- | -- | -- |
| Equity Attributable | 1.9B | 1.9B | 1.9B | 387.0M | 302.0M | 106.0M | 83.9M |
| Total Equity | 1.9B | 1.9B | 1.9B | 387.0M | 302.0M | 106.0M | 83.9M |
| 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 | 438.0M | 412.0M | 220.0M | 226.0M | 142.0M | 142.0M | 113.0M |
| Tax Refunds Received | 14.2M | 15.0M | 4.9M | 5.0M | 3.6M | 3.1M | 4.1M |
| Total Operating Cash Inflow | 485.0M | 453.0M | 245.0M | 252.0M | 169.0M | 151.0M | 128.0M |
| Cash Paid For Goods | 123.0M | 109.0M | 94.1M | 87.3M | 59.3M | 42.5M | 54.9M |
| Cash Paid To Employees | 240.0M | 162.0M | 98.3M | 72.9M | 53.6M | 44.9M | 35.5M |
| Taxes Paid | 35.6M | 37.3M | 30.9M | 26.8M | 19.0M | 13.1M | 11.6M |
| Total Operating Cash Outflow | 463.0M | 366.0M | 251.0M | 222.0M | 167.0M | 130.0M | 126.0M |
| Operating Cash Flow | 21.8M | 87.3M | -6.0M | 30.3M | 1.5M | 21.2M | 2.3M |
| Total Investing Cash Inflow | 3.3B | 214.0M | 4,450 | 119,200 | 4.1M | 1,200 | -- |
| Total Investing Cash Outflow | 3.4B | 739.0M | 19.9M | 71.1M | 9.8M | 3.9M | 2.8M |
| Investing Cash Flow | -99.2M | -526.0M | -19.9M | -70.9M | -5.7M | -3.9M | -2.8M |
| Cash From Borrowings | -- | -- | -- | 5.9M | 10.0M | 10.0M | 13.0M |
| Dividends And Interest Paid | 27.8M | 33.1M | 74,500 | 215,100 | 423,700 | 429,200 | 625,600 |
| Debt Repayments | 9.5M | -- | 5.0M | 10.9M | 10.0M | 9.1M | 15.3M |
| Total Financing Cash Inflow | 507,700 | 3.2M | 1.4B | 8.3M | 147.0M | 10.0M | 13.0M |
| Total Financing Cash Outflow | 139.0M | 83.7M | 43.3M | 15.6M | 10.4M | 9.5M | 15.9M |
| Financing Cash Flow | -139.0M | -80.5M | 1.4B | -7.3M | 137.0M | 470,800 | -2.9M |
| Net Change In Cash | -216.0M | -519.0M | 1.3B | -48.0M | 133.0M | 17.7M | -2.9M |
| Ending Cash Balance | 736.0M | 952.0M | 1.5B | 134.0M | 182.0M | 49.4M | 31.7M |
| Capex | 108.0M | 88.4M | 19.9M | 71.0M | 4.6M | 3.9M | 2.8M |