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 |
|---|---|---|---|---|---|---|
| Revenue | 405.0M | 317.0M | 227.0M | 166.0M | 109.0M | 79.9M |
| Revenue Growth % | 27.8% | 39.6% | 36.7% | 52.3% | 36.4% | -- |
| Total Revenue | 405.0M | 317.0M | 227.0M | 166.0M | 109.0M | 79.9M |
| Cost Of Revenue | 60.5M | 53.9M | 31.9M | 24.3M | 13.1M | 7.8M |
| Gross Profit | 344.5M | 263.1M | 195.1M | 141.7M | 95.9M | 72.1M |
| Gross Margin % | 85.1% | 83.0% | 85.9% | 85.4% | 88.0% | 90.2% |
| Total Operating Cost | 208.0M | 175.0M | 120.0M | 90.1M | 59.4M | 39.5M |
| Selling Expenses | 10.9M | 7.1M | 4.0M | 3.2M | 2.3M | 1.8M |
| Admin Expenses | 30.5M | 29.5M | 23.8M | 16.2M | 13.3M | 11.5M |
| Rd Expenses | 109.0M | 80.2M | 55.7M | 40.5M | 26.0M | 15.3M |
| Finance Expenses | -12.5M | -11.6M | 485,000 | 211,100 | -23,100 | -184,100 |
| Operating Income | 223.0M | 165.0M | 117.0M | 86.1M | 59.2M | 42.8M |
| Operating Margin % | 55.1% | 52.1% | 51.5% | 51.9% | 54.3% | 53.6% |
| Non Operating Expenses | 633,000 | 81,800 | 239,000 | 5,400 | 1.1M | -- |
| Investment Income | 11.8M | 3.1M | 4.3M | 5.1M | 4.7M | 240,100 |
| Fair Value Change Income | 7.3M | 5.7M | 316,900 | 1.4M | -65,600 | 162,100 |
| Asset Disposal Income | 130,300 | 2,700 | -- | -- | -- | -- |
| Other Income | 7.3M | 14.2M | 5.2M | 3.7M | 5.4M | 2.1M |
| Income Before Tax | 222.0M | 165.0M | 117.0M | 86.1M | 58.1M | 42.8M |
| Income Tax | -- | -- | -- | 3.5M | 6.2M | 4.9M |
| Net Income | 222.0M | 165.0M | 117.0M | 82.6M | 51.9M | 37.9M |
| Net Margin % | 54.8% | 52.1% | 51.5% | 49.8% | 47.6% | 47.5% |
| Net Income Attributable | 222.0M | 165.0M | 117.0M | 82.6M | 51.9M | 37.9M |
| Eps Basic | 0.56 | 0.44 | 0.34 | 0.24 | 0.16 | -- |
| Eps Diluted | 0.55 | 0.44 | 0.34 | 0.24 | 0.16 | -- |
| 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 |
|---|---|---|---|---|---|---|
| Cash And Equivalents | 633.0M | 914.0M | 123.0M | 8.6M | 17.2M | 37.8M |
| Trading Financial Assets | 551.0M | 473.0M | 138.0M | 227.0M | 202.0M | 45.2M |
| Accounts Receivable | 309.0M | 264.0M | 178.0M | 115.0M | 78.4M | 49.3M |
| Notes Receivable | 125.0M | 99.7M | 36.9M | 50.3M | 24.7M | 5.0M |
| Notes And Accounts Receivable | 434.0M | 364.0M | 215.0M | 166.0M | 103.0M | 54.3M |
| Prepayments | 22.6M | 27.4M | 23.9M | 17.5M | 7.4M | 3.2M |
| Inventory | 91.6M | 68.3M | 49.9M | 28.6M | 15.7M | 4.7M |
| Total Current Assets | 2.2B | 2.0B | 551.0M | 448.0M | 351.0M | 146.0M |
| Fixed Assets | -- | 25.7M | 7.3M | 5.6M | 7.1M | 2.1M |
| Fixed Assets Total | 33.3M | 25.7M | 7.3M | 5.6M | 7.1M | 2.1M |
| Construction In Progress | -- | -- | 4.1M | -- | -- | -- |
| Construction In Progress Total | -- | -- | 4.1M | -- | -- | -- |
| Intangible Assets | 50.9M | 55.0M | 60.6M | 66.8M | 70.9M | 62.8M |
| Long Term Deferred Expenses | 26.6M | 18.5M | 8.5M | 9.2M | 8.3M | 5.3M |
| Total Non Current Assets | 137.0M | 125.0M | 111.0M | 94.1M | 91.4M | 80.0M |
| Total Assets | 2.4B | 2.2B | 662.0M | 542.0M | 443.0M | 226.0M |
| Accounts Payable | 5.3M | 5.4M | 3.1M | 2.2M | 4.3M | 753,800 |
| Advance Receipts | -- | -- | -- | -- | -- | 67,800 |
| Contract Liabilities | 660,500 | 135,400 | 94,600 | 25,200 | 23,500 | -- |
| Total Current Liabilities | 44.7M | 40.4M | 39.2M | 24.1M | 9.9M | 5.8M |
| Total Non Current Liabilities | 18.8M | 20.7M | 7.9M | 3.5M | 514,500 | 324,300 |
| Total Liabilities | 63.6M | 61.1M | 47.1M | 27.6M | 10.4M | 6.2M |
| Paid In Capital | 401.0M | 400.0M | 345.0M | 345.0M | 345.0M | 200.0M |
| Capital Reserve | 1.4B | 1.4B | 51.7M | 51.7M | 51.7M | 82.3M |
| Surplus Reserve | 63.6M | 40.9M | 24.0M | 12.1M | 3.9M | -- |
| Retained Earnings | 467.0M | 319.0M | 194.0M | 106.0M | 31.8M | -61.4M |
| Equity Attributable | 2.3B | 2.1B | 615.0M | 515.0M | 432.0M | 220.0M |
| Total Equity | 2.3B | 2.1B | 615.0M | 515.0M | 432.0M | 220.0M |
| 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 |
|---|---|---|---|---|---|---|
| Cash From Sales | 377.0M | 188.0M | 195.0M | 122.0M | 72.3M | 46.6M |
| Tax Refunds Received | -- | -- | 959,200 | -- | -- | -- |
| Total Operating Cash Inflow | 393.0M | 220.0M | 202.0M | 126.0M | 78.0M | 48.4M |
| Cash Paid For Goods | 61.4M | 67.1M | 58.2M | 39.3M | 31.7M | 7.7M |
| Cash Paid To Employees | 92.3M | 69.5M | 39.8M | 33.8M | 21.3M | 15.2M |
| Taxes Paid | 34.2M | 30.6M | 13.7M | 11.6M | 11.8M | 7.5M |
| Total Operating Cash Outflow | 227.0M | 201.0M | 136.0M | 102.0M | 79.4M | 40.9M |
| Operating Cash Flow | 167.0M | 19.3M | 66.6M | 23.4M | -1.4M | 7.6M |
| Total Investing Cash Inflow | 5.1B | 473.0M | 395.0M | 320.0M | 304.0M | 40.2M |
| Total Investing Cash Outflow | 5.5B | 1.0B | 325.0M | 348.0M | 483.0M | 80.6M |
| Investing Cash Flow | -400.0M | -545.0M | 69.5M | -27.7M | -179.0M | -40.4M |
| Dividends And Interest Paid | 51.2M | 24.0M | 16.6M | -- | -- | -- |
| Total Financing Cash Inflow | 15.9M | 1.4B | -- | -- | 160.0M | 48.3M |
| Total Financing Cash Outflow | 62.5M | 59.3M | 21.4M | 4.4M | -- | -- |
| Financing Cash Flow | -46.7M | 1.3B | -21.4M | -4.4M | 160.0M | 48.3M |
| Net Change In Cash | -280.0M | 790.0M | 115.0M | -8.6M | -20.6M | 15.4M |
| Ending Cash Balance | 633.0M | 914.0M | 123.0M | 8.6M | 17.2M | 37.8M |
| Capex | 38.2M | 19.4M | 24.3M | 12.3M | 26.5M | 5.6M |