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 |
|---|---|---|---|---|---|
| Revenue | 437.0M | 476.0M | 392.0M | 382.0M | 246.0M |
| Revenue Growth % | -8.2% | 21.4% | 2.6% | 55.3% | -- |
| Total Revenue | 437.0M | 476.0M | 392.0M | 382.0M | 246.0M |
| Cost Of Revenue | 352.0M | 372.0M | 308.0M | 277.0M | 175.0M |
| Gross Profit | 85.0M | 104.0M | 84.0M | 105.0M | 71.0M |
| Gross Margin % | 19.5% | 21.8% | 21.4% | 27.5% | 28.9% |
| Total Operating Cost | 425.0M | 441.0M | 373.0M | 337.0M | 226.0M |
| Selling Expenses | 13.8M | 11.9M | 14.2M | 14.3M | 12.3M |
| Admin Expenses | 27.6M | 19.6M | 20.7M | 16.5M | 15.7M |
| Rd Expenses | 22.3M | 27.1M | 27.8M | 21.6M | 16.0M |
| Finance Expenses | 2.9M | 4.1M | -3.3M | -480,500 | 3.4M |
| Operating Income | 27.6M | 49.8M | 32.6M | 54.8M | 24.1M |
| Operating Margin % | 6.3% | 10.5% | 8.3% | 14.4% | 9.8% |
| Non Operating Income | 1.1M | 4.3M | 24,100 | 1.2M | 1.0M |
| Non Operating Expenses | 166,600 | 29,600 | 306,300 | 41,200 | 290,600 |
| Investment Income | 5.5M | 731,400 | 803,400 | 893,800 | 132,700 |
| Fair Value Change Income | 704,100 | -- | -- | -- | -- |
| Asset Disposal Income | 129,500 | -76,900 | 53,800 | 202,500 | 59,900 |
| Asset Impairment Loss | 3.9M | 2.9M | 4.0M | 6.3M | 2.4M |
| Other Income | 10.0M | 14.0M | 12.5M | 8.7M | 3.6M |
| Income Before Tax | 28.5M | 54.1M | 32.4M | 55.9M | 24.8M |
| Income Tax | 351,000 | 4.7M | -3.0M | 5.5M | 2.8M |
| Net Income | 28.2M | 49.3M | 35.3M | 50.5M | 22.0M |
| Net Margin % | 6.4% | 10.4% | 9.0% | 13.2% | 9.0% |
| Net Income Attributable | 28.2M | 49.3M | 35.3M | 50.5M | 22.0M |
| Eps Basic | 0.20 | 0.41 | 0.29 | 0.44 | 0.21 |
| Eps Diluted | 0.20 | 0.41 | 0.29 | 0.44 | 0.21 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 115.0M | 65.1M | 133.0M | 164.0M | 97.9M |
| Trading Financial Assets | 38.1M | -- | -- | -- | -- |
| Accounts Receivable | 116.0M | 93.9M | 78.2M | 96.4M | 70.9M |
| Notes Receivable | 7.0M | 2.9M | 1.2M | 5.9M | 3.6M |
| Notes And Accounts Receivable | 123.0M | 96.8M | 79.5M | 102.0M | 74.5M |
| Prepayments | 1.0M | 2.2M | 8.8M | 491,400 | 12.0M |
| Inventory | 354.0M | 294.0M | 294.0M | 215.0M | 126.0M |
| Total Current Assets | 671.0M | 476.0M | 520.0M | 499.0M | 321.0M |
| Fixed Assets | -- | 147.0M | 135.0M | 84.6M | 56.5M |
| Fixed Assets Total | 240.0M | 147.0M | 135.0M | 84.6M | 56.5M |
| Construction In Progress | -- | 112.0M | 20.7M | 41.4M | 7.7M |
| Construction In Progress Total | 111.0M | 112.0M | 20.7M | 41.4M | 7.7M |
| Intangible Assets | 39.8M | 40.7M | 29.7M | 7.2M | 7.4M |
| Long Term Deferred Expenses | 479,500 | 671,300 | 828,300 | -- | -- |
| Total Non Current Assets | 438.0M | 323.0M | 224.0M | 145.0M | 76.9M |
| Total Assets | 1.1B | 798.0M | 745.0M | 644.0M | 398.0M |
| Short Term Borrowings | 92.1M | 105.0M | 161.0M | 76.1M | 48.0M |
| Accounts Payable | 60.2M | 94.6M | 33.5M | 79.7M | 21.1M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 1.9M | 308,600 | 231,100 | 253,200 | 335,500 |
| Total Current Liabilities | 176.0M | 215.0M | 229.0M | 182.0M | 94.6M |
| Long Term Borrowings | 39.7M | 43.5M | 24.7M | 6.3M | 7.1M |
| Total Non Current Liabilities | 77.8M | 73.9M | 58.0M | 42.6M | 37.6M |
| Total Liabilities | 253.0M | 288.0M | 287.0M | 224.0M | 132.0M |
| Paid In Capital | 160.0M | 120.0M | 120.0M | 120.0M | 113.0M |
| Capital Reserve | 532.0M | 247.0M | 244.0M | 242.0M | 145.0M |
| Surplus Reserve | 13.5M | 11.5M | 7.3M | 4.2M | 622,100 |
| Retained Earnings | 151.0M | 131.0M | 86.0M | 53.8M | 6.9M |
| Equity Attributable | 856.0M | 510.0M | 458.0M | 420.0M | 265.0M |
| Total Equity | 856.0M | 510.0M | 458.0M | 420.0M | 265.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 441.0M | 480.0M | 432.0M | 311.0M | 230.0M |
| Tax Refunds Received | -- | -- | 11.1M | -- | -- |
| Total Operating Cash Inflow | 461.0M | 505.0M | 456.0M | 326.0M | 251.0M |
| Cash Paid For Goods | 429.0M | 314.0M | 409.0M | 253.0M | 220.0M |
| Cash Paid To Employees | 63.9M | 58.7M | 60.9M | 52.3M | 41.3M |
| Taxes Paid | 10.9M | 17.5M | 5.6M | 8.3M | 3.6M |
| Total Operating Cash Outflow | 521.0M | 407.0M | 488.0M | 324.0M | 275.0M |
| Operating Cash Flow | -60.3M | 97.8M | -31.7M | 2.0M | -24.6M |
| Total Investing Cash Inflow | 158.0M | 121.0M | 193.0M | 264.0M | 75.5M |
| Total Investing Cash Outflow | 348.0M | 215.0M | 286.0M | 319.0M | 91.4M |
| Investing Cash Flow | -191.0M | -93.6M | -93.4M | -54.8M | -15.9M |
| Cash From Borrowings | 178.0M | 172.0M | 250.0M | 82.3M | 48.0M |
| Dividends And Interest Paid | 11.1M | 5.6M | 5.0M | 2.5M | 3.4M |
| Debt Repayments | 191.0M | 212.0M | 149.0M | 57.9M | 31.8M |
| Total Financing Cash Inflow | 531.0M | 173.0M | 255.0M | 182.0M | 169.0M |
| Total Financing Cash Outflow | 232.0M | 244.0M | 161.0M | 68.4M | 35.2M |
| Financing Cash Flow | 298.0M | -71.0M | 94.8M | 114.0M | 134.0M |
| Net Change In Cash | 47.4M | -68.0M | -26.0M | 61.2M | 93.1M |
| Ending Cash Balance | 113.0M | 65.1M | 133.0M | 159.0M | 97.9M |
| Capex | 157.0M | 94.4M | 94.3M | 56.1M | 16.4M |