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 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 948.0M | 1.1B | 1.2B | 1.1B | 953.0M | 831.0M | 674.0M | 661.0M | 679.0M | 767.0M |
| Revenue Growth % | -13.3% | -10.0% | 8.9% | 17.0% | 14.7% | 23.3% | 2.0% | -2.7% | -11.5% | -- |
| Total Revenue | 948.0M | 1.1B | 1.2B | 1.1B | 953.0M | 831.0M | 674.0M | 661.0M | 679.0M | 767.0M |
| Cost Of Revenue | 698.0M | 712.0M | 759.0M | 666.0M | 538.0M | 486.0M | 401.0M | 435.0M | 498.0M | 562.0M |
| Gross Profit | 250.0M | 381.0M | 455.0M | 449.0M | 415.0M | 345.0M | 273.0M | 226.0M | 181.0M | 205.0M |
| Gross Margin % | 26.4% | 34.9% | 37.5% | 40.3% | 43.5% | 41.5% | 40.5% | 34.2% | 26.7% | 26.7% |
| Total Operating Cost | 925.0M | 1.0B | 1.0B | 893.0M | 729.0M | 660.0M | 573.0M | 610.0M | 673.0M | 837.0M |
| Selling Expenses | 11.3M | 12.0M | 13.7M | 27.9M | 24.3M | 23.6M | 22.6M | 20.1M | 22.5M | 30.5M |
| Admin Expenses | 123.0M | 132.0M | 128.0M | 141.0M | 135.0M | 112.0M | 106.0M | 104.0M | 108.0M | 175.0M |
| Rd Expenses | 83.1M | 127.0M | 116.0M | 80.0M | 51.1M | 51.1M | 25.3M | 27.4M | 22.6M | 21.1M |
| Finance Expenses | -21.5M | -10.3M | -12.4M | -23.0M | -18.5M | -1.7M | 3.8M | 10.8M | 15.8M | 16.5M |
| Operating Income | 57.3M | 134.0M | 220.0M | 268.0M | 255.0M | 210.0M | 132.0M | 73.5M | 56.9M | -47.1M |
| Operating Margin % | 6.0% | 12.3% | 18.1% | 24.0% | 26.8% | 25.3% | 19.6% | 11.1% | 8.4% | -6.1% |
| Non Operating Income | 508,600 | 2.8M | 1.9M | 3.2M | 4.5M | 7.3M | 2.5M | 647,000 | 1.2M | 39.2M |
| Non Operating Expenses | 1.7M | 166,000 | 1.1M | 798,700 | 1.1M | 1.7M | 6.4M | 1.9M | 767,600 | 3.8M |
| Investment Income | 2.6M | 6.0M | 9.9M | 9.9M | 478,200 | 4.8M | 666,700 | -3.4M | 20.1M | 19.2M |
| Fair Value Change Income | 3.3M | 2.8M | 2.7M | 1.2M | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -- | -- | -- | 33,200 | -- | 89,100 | -- | 3.7M | 3.0M | 3.8M |
| Asset Impairment Loss | 5.1M | 3.0M | 4.0M | -5.7M | -3.2M | -1.8M | 7.0M | 9.2M | 3.2M | 28.4M |
| Other Income | 29.0M | 33.0M | 25.6M | 34.7M | 29.7M | 34.1M | 29.3M | 22.5M | 27.7M | 40,400 |
| Income Before Tax | 56.0M | 136.0M | 221.0M | 270.0M | 258.0M | 215.0M | 128.0M | 72.2M | 57.4M | -11.7M |
| Income Tax | 1.0M | 11.0M | 27.7M | 26.1M | 27.2M | 21.3M | 14.4M | 1.1M | -1.7M | -1.0M |
| Net Income | 55.0M | 125.0M | 193.0M | 244.0M | 231.0M | 194.0M | 113.0M | 71.1M | 59.1M | -10.7M |
| Net Margin % | 5.8% | 11.4% | 15.9% | 21.9% | 24.2% | 23.3% | 16.8% | 10.8% | 8.7% | -1.4% |
| Net Income Attributable | 55.0M | 125.0M | 193.0M | 244.0M | 231.0M | 194.0M | 113.0M | 71.1M | 60.5M | -6.9M |
| Minority Interest | -- | -- | -- | -- | -- | -- | -- | -- | -1.4M | -3.8M |
| Eps Basic | 0.07 | 0.16 | 0.24 | 0.31 | 0.57 | 0.56 | 0.37 | -- | -- | -- |
| Eps Diluted | 0.07 | 0.16 | 0.24 | 0.31 | 0.57 | 0.56 | 0.37 | -- | -- | -- |
| Line Item | FY 2025Dec 31, 2025 | 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 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 1.1B | 834.0M | 1.0B | 1.1B | 979.0M | 1.3B | 271.0M | 266.0M | 338.0M | 299.0M |
| Trading Financial Assets | -- | 422.0M | 484.0M | 101.0M | 530.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.1B | 980.0M | 562.0M | 360.0M | 344.0M | 369.0M | 358.0M | 417.0M | 343.0M | 408.0M |
| Notes Receivable | 112.0M | 58.5M | 141.0M | 119.0M | 79.4M | 82.7M | 128.0M | 140.0M | 146.0M | 107.0M |
| Notes And Accounts Receivable | 1.2B | 1.0B | 703.0M | 479.0M | 423.0M | 451.0M | 486.0M | 557.0M | 488.0M | 516.0M |
| Prepayments | 4.3M | 29.7M | 47.7M | 61.3M | 91.1M | 17.0M | 11.9M | 11.9M | 9.3M | 24.5M |
| Inventory | 538.0M | 550.0M | 581.0M | 700.0M | 685.0M | 406.0M | 282.0M | 275.0M | 229.0M | 261.0M |
| Total Current Assets | 2.9B | 2.9B | 2.9B | 2.9B | 2.8B | 2.3B | 1.1B | 1.1B | 1.1B | 1.1B |
| Long Term Equity Investment | 11.5M | 13.4M | 14.2M | 15.1M | 11.4M | 11.4M | 6.5M | 5.8M | 9.3M | 345,600 |
| Fixed Assets | 567.0M | 581.0M | 559.0M | 552.0M | 495.0M | 519.0M | 543.0M | 581.0M | 594.0M | -- |
| Fixed Assets Total | 567.0M | 581.0M | 559.0M | 552.0M | 495.0M | 519.0M | 543.0M | 581.0M | 594.0M | 689.0M |
| Construction In Progress | 2.0M | 3.5M | 32.3M | 37.0M | 26.1M | 26.3M | 25.7M | 2.8M | 12.1M | -- |
| Construction In Progress Total | 2.0M | 3.5M | 32.3M | 37.0M | 26.1M | 26.3M | 25.7M | 2.8M | 12.1M | 242.0M |
| Intangible Assets | 68.2M | 76.7M | 68.9M | 74.5M | 69.4M | 68.7M | 67.7M | 63.6M | 60.3M | 70.9M |
| Long Term Deferred Expenses | 12.9M | 11.2M | 3.1M | 2.8M | 3.4M | 4.0M | 4.1M | 3.9M | 2.3M | 2.3M |
| Total Non Current Assets | 716.0M | 730.0M | 727.0M | 721.0M | 695.0M | 703.0M | 705.0M | 724.0M | 725.0M | 1.1B |
| Total Assets | 3.6B | 3.6B | 3.6B | 3.6B | 3.5B | 3.0B | 1.8B | 1.9B | 1.8B | 2.2B |
| Short Term Borrowings | 10.0M | 10.0M | -- | -- | 2.6M | 40.0M | -- | 66.3M | 325.0M | 231.0M |
| Accounts Payable | 633.0M | 570.0M | 459.0M | 428.0M | 451.0M | 347.0M | 240.0M | 331.0M | 316.0M | 375.0M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 37.2M | 14.6M | 20.4M | 41.9M |
| Contract Liabilities | 21.4M | 54.4M | 188.0M | 310.0M | 379.0M | 18.9M | -- | -- | -- | -- |
| Total Current Liabilities | 850.0M | 852.0M | 839.0M | 956.0M | 1.0B | 611.0M | 530.0M | 635.0M | 937.0M | 977.0M |
| Long Term Borrowings | -- | -- | -- | 2.1M | -- | -- | -- | -- | 10.0M | 20.0M |
| Total Non Current Liabilities | 244.0M | 271.0M | 269.0M | 285.0M | 397.0M | 446.0M | 462.0M | 524.0M | 581.0M | 704.0M |
| Total Liabilities | 1.1B | 1.1B | 1.1B | 1.2B | 1.4B | 1.1B | 992.0M | 1.2B | 1.5B | 1.7B |
| Paid In Capital | 791.0M | 791.0M | 791.0M | 565.0M | 404.0M | 404.0M | 303.0M | 280.0M | 200.0M | 200.0M |
| Capital Reserve | 949.0M | 949.0M | 949.0M | 1.1B | 1.2B | 1.2B | 391.0M | 282.0M | 2.0M | 203.0M |
| Surplus Reserve | 111.0M | 106.0M | 93.1M | 71.5M | 47.3M | 27.1M | 10.3M | 5.8M | -- | 51.7M |
| Retained Earnings | 610.0M | 632.0M | 622.0M | 552.0M | 405.0M | 255.0M | 77.5M | 132.0M | 82.2M | 47.8M |
| Minority Equity | -- | -- | -- | -- | -- | -- | -- | -- | -- | 6.1M |
| Equity Attributable | 2.5B | 2.5B | 2.5B | 2.4B | 2.1B | 1.9B | 804.0M | 699.0M | 287.0M | 514.0M |
| Total Equity | 2.5B | 2.5B | 2.5B | 2.4B | 2.1B | 1.9B | 804.0M | 699.0M | 287.0M | 520.0M |
| Line Item | FY 2025Dec 31, 2025 | 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 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 758.0M | 659.0M | 786.0M | 962.0M | 1.3B | 826.0M | 618.0M | 474.0M | 592.0M | 748.0M |
| Tax Refunds Received | 109,900 | -- | -- | 8.8M | -- | -- | 11.8M | -- | -- | -- |
| Total Operating Cash Inflow | 856.0M | 760.0M | 893.0M | 1.1B | 1.3B | 898.0M | 680.0M | 561.0M | 647.0M | 805.0M |
| Cash Paid For Goods | 471.0M | 388.0M | 328.0M | 382.0M | 604.0M | 356.0M | 265.0M | 212.0M | 247.0M | 481.0M |
| Cash Paid To Employees | 316.0M | 319.0M | 314.0M | 302.0M | 272.0M | 202.0M | 182.0M | 178.0M | 188.0M | 211.0M |
| Taxes Paid | 59.0M | 72.3M | 80.5M | 88.0M | 35.9M | 31.0M | 20.2M | 17.6M | 9.1M | 13.2M |
| Total Operating Cash Outflow | 932.0M | 873.0M | 831.0M | 886.0M | 1.0B | 685.0M | 590.0M | 574.0M | 584.0M | 824.0M |
| Operating Cash Flow | -75.3M | -113.0M | 61.8M | 169.0M | 321.0M | 213.0M | 89.6M | -13.7M | 62.6M | -18.8M |
| Total Investing Cash Inflow | 1.6B | 1.9B | 2.7B | 786.0M | 591.0M | 581.0M | 550,700 | 7.0M | 29.9M | 31.8M |
| Total Investing Cash Outflow | 1.2B | 1.9B | 2.7B | 815.0M | 1.1B | 704.0M | 36.5M | 53.4M | 61.2M | 55.2M |
| Investing Cash Flow | 378.0M | 5.2M | 17.5M | -28.3M | -542.0M | -123.0M | -36.0M | -46.5M | -31.3M | -23.3M |
| Cash From Borrowings | 10.0M | 10.0M | -- | 3.0M | 2.6M | 40.0M | -- | 66.3M | 505.0M | 361.0M |
| Dividends And Interest Paid | 71.5M | 103.0M | 102.0M | 72.7M | 60.8M | 70.9M | 2.5M | 22.1M | 26.1M | 24.6M |
| Debt Repayments | 10.0M | -- | 3.0M | -- | 40.0M | -- | 66.3M | 345.0M | 502.0M | 364.0M |
| Total Financing Cash Inflow | 21.0M | 17.6M | 273,600 | 13.1M | 11.6M | 1.0B | 25.6M | 405.0M | 601.0M | 480.0M |
| Total Financing Cash Outflow | 85.5M | 106.0M | 108.0M | 74.0M | 103.0M | 78.7M | 69.9M | 427.0M | 601.0M | 389.0M |
| Financing Cash Flow | -64.5M | -88.8M | -108.0M | -60.8M | -90.9M | 925.0M | -44.3M | -21.3M | 581,600 | 91.1M |
| Net Change In Cash | 239.0M | -196.0M | -28.8M | 79.9M | -312.0M | 1.0B | 9.3M | -81.5M | 31.9M | 49.0M |
| Ending Cash Balance | 1.0B | 805.0M | 1.0B | 1.0B | 950.0M | 1.3B | 247.0M | 237.0M | 319.0M | 287.0M |
| Capex | 51.1M | 66.5M | 63.2M | 64.8M | 42.9M | 43.8M | 36.5M | 53.4M | 45.1M | 53.8M |