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 | 458.0M | 332.0M | 283.0M | 303.0M | 347.0M |
| Revenue Growth % | 38.0% | 17.3% | -6.6% | -12.7% | -- |
| Total Revenue | 458.0M | 332.0M | 283.0M | 303.0M | 347.0M |
| Cost Of Revenue | 336.0M | 247.0M | 207.0M | 221.0M | 246.0M |
| Gross Profit | 122.0M | 85.0M | 76.0M | 82.0M | 101.0M |
| Gross Margin % | 26.6% | 25.6% | 26.9% | 27.1% | 29.1% |
| Total Operating Cost | 473.0M | 321.0M | 269.0M | 268.0M | 300.0M |
| Selling Expenses | 24.8M | 16.7M | 13.5M | 9.3M | 12.2M |
| Admin Expenses | 48.5M | 25.4M | 20.9M | 15.4M | 15.5M |
| Rd Expenses | 50.1M | 26.4M | 24.6M | 18.3M | 18.8M |
| Finance Expenses | 7.2M | 1.9M | 113,100 | 1.2M | 3.8M |
| Operating Income | 20.8M | 40.4M | 31.2M | 41.6M | 51.5M |
| Operating Margin % | 4.5% | 12.2% | 11.0% | 13.7% | 14.8% |
| Non Operating Income | 47,400 | 3.7M | 2.6M | 614,900 | 2.5M |
| Non Operating Expenses | 767,800 | 271,900 | 54,300 | 116,700 | 287,800 |
| Investment Income | 24.6M | 20.1M | 13.9M | 1.6M | -240,400 |
| Fair Value Change Income | 71,400 | -- | -- | -- | 38,800 |
| Asset Disposal Income | -18,400 | 111,600 | -- | -- | -- |
| Asset Impairment Loss | 2.9M | 675,400 | 137,500 | 87,600 | 254,400 |
| Other Income | 11.1M | 9.3M | 3.1M | 4.8M | 4.4M |
| Income Before Tax | 20.1M | 43.8M | 33.8M | 42.1M | 53.7M |
| Income Tax | -4.0M | 3.9M | 2.1M | 857,900 | 6.0M |
| Net Income | 24.0M | 39.9M | 31.6M | 41.2M | 47.7M |
| Net Margin % | 5.2% | 12.0% | 11.2% | 13.6% | 13.8% |
| Net Income Attributable | 24.3M | 40.1M | 31.6M | 41.2M | 47.6M |
| Minority Interest | -237,500 | -127,300 | -- | -- | 125,400 |
| Eps Basic | 0.30 | 0.50 | 0.42 | 0.68 | 0.97 |
| Eps Diluted | 0.30 | 0.50 | 0.42 | 0.68 | 0.97 |
| 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 | 569.0M | 56.0M | 36.4M | 80.8M | 87.5M |
| Trading Financial Assets | 50.2M | -- | -- | -- | 2.0M |
| Accounts Receivable | 311.0M | 136.0M | 117.0M | 121.0M | 109.0M |
| Notes Receivable | 98.0M | 67.8M | 56.2M | 51.3M | 70.7M |
| Notes And Accounts Receivable | 409.0M | 203.0M | 174.0M | 173.0M | 180.0M |
| Prepayments | 5.2M | 1.2M | 1.2M | 1.2M | 703,000 |
| Inventory | 178.0M | 82.9M | 79.7M | 66.5M | 68.9M |
| Total Current Assets | 1.5B | 360.0M | 320.0M | 347.0M | 378.0M |
| Long Term Equity Investment | -- | 480.0M | -- | -- | -- |
| Fixed Assets | 455.0M | 239.0M | 144.0M | 104.0M | 88.0M |
| Fixed Assets Total | 455.0M | 239.0M | 144.0M | 104.0M | 88.0M |
| Construction In Progress | 21.1M | 11.9M | 45.4M | 34.7M | 9.8M |
| Construction In Progress Total | 21.1M | 11.9M | 45.4M | 34.7M | 9.8M |
| Intangible Assets | 172.0M | 29.3M | 30.0M | 12.5M | 12.8M |
| Long Term Deferred Expenses | 798,200 | 613,000 | 821,500 | 239,900 | 416,300 |
| Total Non Current Assets | 1.7B | 1.0B | 911.0M | 159.0M | 118.0M |
| Total Assets | 3.2B | 1.4B | 1.2B | 506.0M | 496.0M |
| Short Term Borrowings | 73.1M | 10.7M | 52.1M | -- | 1.1M |
| Accounts Payable | 137.0M | 61.3M | 67.7M | 63.1M | 62.4M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 1.3M | 268,900 | 36,200 | 22,100 | 152,600 |
| Total Current Liabilities | 339.0M | 192.0M | 172.0M | 116.0M | 142.0M |
| Long Term Borrowings | 128.0M | 141.0M | -- | -- | -- |
| Total Non Current Liabilities | 646.0M | 171.0M | 31.1M | 10.6M | 11.1M |
| Total Liabilities | 984.0M | 363.0M | 203.0M | 127.0M | 153.0M |
| Paid In Capital | 96.0M | 80.7M | 80.7M | 60.5M | 60.5M |
| Capital Reserve | 1.9B | 803.0M | 799.0M | 186.0M | 186.0M |
| Surplus Reserve | 21.3M | 19.1M | 14.9M | 11.8M | 7.9M |
| Retained Earnings | 142.0M | 136.0M | 133.0M | 120.0M | 89.0M |
| Minority Equity | 85,300 | 280,100 | -- | -- | -- |
| Equity Attributable | 2.2B | 1.0B | 1.0B | 379.0M | 344.0M |
| Total Equity | 2.2B | 1.0B | 1.0B | 379.0M | 344.0M |
| 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 | 211.0M | 154.0M | 160.0M | 147.0M | 154.0M |
| Tax Refunds Received | 121,400 | -- | -- | -- | -- |
| Total Operating Cash Inflow | 228.0M | 160.0M | 186.0M | 156.0M | 164.0M |
| Cash Paid For Goods | 97.5M | 71.7M | 77.0M | 71.6M | 84.9M |
| Cash Paid To Employees | 82.3M | 54.9M | 48.4M | 46.8M | 45.9M |
| Taxes Paid | 8.1M | 9.1M | 9.8M | 10.6M | 14.1M |
| Total Operating Cash Outflow | 221.0M | 158.0M | 154.0M | 144.0M | 163.0M |
| Operating Cash Flow | 7.7M | 3.0M | 31.6M | 12.0M | 1.7M |
| Total Investing Cash Inflow | 77.2M | 469.0M | 130.0M | 285.0M | 1.1M |
| Total Investing Cash Outflow | 294.0M | 575.0M | 872.0M | 290.0M | 12.1M |
| Investing Cash Flow | -217.0M | -106.0M | -741.0M | -6.0M | -11.0M |
| Cash From Borrowings | 116.0M | 214.0M | 66.0M | -- | 100.0M |
| Dividends And Interest Paid | 22.2M | 34.0M | 16.8M | 6.1M | 9.3M |
| Debt Repayments | 116.0M | 57.1M | 21.0M | -- | 177.0M |
| Total Financing Cash Inflow | 910.0M | 215.0M | 722.0M | -- | 385.0M |
| Total Financing Cash Outflow | 188.0M | 91.4M | 56.4M | 11.6M | 292.0M |
| Financing Cash Flow | 723.0M | 123.0M | 666.0M | -11.6M | 92.1M |
| Net Change In Cash | 513.0M | 19.7M | -44.2M | -6.9M | 83.3M |
| Ending Cash Balance | 569.0M | 56.0M | 36.4M | 80.6M | 87.5M |
| Capex | 46.0M | 66.2M | 71.5M | 9.7M | 9.2M |