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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.4B | 1.2B | 988.0M | 806.0M | 578.0M | 340.0M | 196.0M |
| Revenue Growth % | 25.9% | 21.1% | 20.1% | 22.6% | 39.4% | 70.0% | 73.5% | -- |
| Total Revenue | 1.8B | 1.4B | 1.2B | 988.0M | 806.0M | 578.0M | 340.0M | 196.0M |
| Cost Of Revenue | 241.0M | 226.0M | 187.0M | 161.0M | 133.0M | 90.6M | 71.2M | 53.8M |
| Gross Profit | 1.6B | 1.2B | 1.0B | 827.0M | 673.0M | 487.4M | 268.8M | 142.2M |
| Gross Margin % | 86.7% | 84.3% | 84.2% | 83.7% | 83.5% | 84.3% | 79.0% | 72.5% |
| Total Operating Cost | 1.4B | 1.1B | 924.0M | 750.0M | 700.0M | 467.0M | 548.0M | 293.0M |
| Selling Expenses | 592.0M | 429.0M | 335.0M | 269.0M | 268.0M | 159.0M | 158.0M | 94.0M |
| Admin Expenses | 91.6M | 84.0M | 76.0M | 61.0M | 49.9M | 32.3M | 105.0M | 14.9M |
| Rd Expenses | 474.0M | 390.0M | 323.0M | 280.0M | 238.0M | 167.0M | 211.0M | 128.0M |
| Finance Expenses | -3.9M | -14.5M | -7.5M | -28.9M | 4.0M | 13.1M | -444,200 | 118,200 |
| Operating Income | 482.0M | 423.0M | 323.0M | 280.0M | 138.0M | 126.0M | -196.0M | -79.5M |
| Operating Margin % | 26.6% | 29.4% | 27.2% | 28.3% | 17.1% | 21.8% | -57.6% | -40.6% |
| Non Operating Income | 552,700 | 266,000 | 223,200 | 101,200 | 75,300 | 3.6M | 1,000 | 89,400 |
| Non Operating Expenses | 3.3M | 2.7M | 981,700 | 797,600 | 260,500 | 75,000 | 38,400 | 200.00 |
| Investment Income | 3.2M | 1.8M | 1.3M | 1.1M | -3.0M | -277,600 | -- | 9.4M |
| Fair Value Change Income | 36.9M | 24.0M | 20.0M | 2.6M | 1.7M | 632,900 | 82,800 | -- |
| Asset Disposal Income | 3.3M | -- | -1,800 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | -40,400 | 82,600 | 6,900 | 28,500 | -13,900 | 73,600 | -- | 1.2M |
| Other Income | 38.4M | 86.5M | 39.1M | 37.6M | 33.1M | 14.5M | 11.4M | 8.1M |
| Income Before Tax | 479.0M | 421.0M | 322.0M | 280.0M | 138.0M | 129.0M | -196.0M | -79.4M |
| Income Tax | 25.2M | 20.0M | -1.1M | -4.2M | -6.7M | -158,300 | -99,600 | -687,900 |
| Net Income | 454.0M | 401.0M | 323.0M | 284.0M | 144.0M | 130.0M | -196.0M | -78.7M |
| Net Margin % | 25.1% | 27.9% | 27.2% | 28.7% | 17.9% | 22.5% | -57.6% | -40.2% |
| Net Income Attributable | 454.0M | 401.0M | 323.0M | 284.0M | 144.0M | 130.0M | -196.0M | -78.7M |
| Minority Interest | -251,300 | -300.00 | -300.00 | -2,600 | -2,600 | -- | -900.00 | -- |
| Eps Basic | 3.24 | 3.52 | 4.31 | 3.78 | 1.93 | 1.73 | -2.70 | -1.10 |
| Eps Diluted | 3.24 | 3.52 | 4.31 | 3.78 | 1.93 | 1.73 | -2.70 | -1.10 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 1.0B | 1.5B | 353.0M | 553.0M | 634.0M | 451.0M | 192.0M | 195.0M |
| Trading Financial Assets | 2.4B | 1.5B | 1.1B | 531.0M | 70.1M | -- | 40.1M | -- |
| Accounts Receivable | 138.0M | 105.0M | 90.1M | 92.1M | 65.6M | 57.7M | 44.3M | 32.6M |
| Notes Receivable | 674,100 | -- | 113,200 | 277,600 | -- | -- | -- | -- |
| Notes And Accounts Receivable | 139.0M | 105.0M | 90.3M | 92.4M | 65.6M | 57.7M | 44.3M | 32.6M |
| Prepayments | 12.6M | 13.7M | 11.7M | 8.6M | 10.7M | 6.1M | 4.5M | 3.7M |
| Inventory | 5.3M | 3.9M | 2.5M | 386,400 | 358,500 | 1.3M | 1.1M | 79,900 |
| Total Current Assets | 3.6B | 3.2B | 1.6B | 1.2B | 815.0M | 549.0M | 294.0M | 239.0M |
| Long Term Equity Investment | -- | -- | -- | -- | 56.9M | 24.1M | -- | -- |
| Fixed Assets | 96.9M | 142.0M | 54.2M | 21.0M | 18.9M | 10.9M | 6.8M | 3.9M |
| Fixed Assets Total | 96.9M | 142.0M | 54.2M | 21.0M | 18.9M | 10.9M | 6.8M | 3.9M |
| Intangible Assets | 85.8M | 48.2M | 2.7M | 3.4M | 4.1M | 4.9M | 1.8M | 1.8M |
| Long Term Deferred Expenses | 3.5M | 3.8M | 198,400 | 179,300 | 4.9M | 4.7M | 5.8M | 7.8M |
| Total Non Current Assets | 294.0M | 288.0M | 189.0M | 69.7M | 141.0M | 65.0M | 36.1M | 21.9M |
| Total Assets | 3.9B | 3.5B | 1.8B | 1.3B | 956.0M | 614.0M | 330.0M | 261.0M |
| Accounts Payable | 88.9M | 62.5M | 55.8M | 44.2M | 28.8M | 26.1M | 11.0M | 8.7M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 136.0M | 62.5M |
| Contract Liabilities | 594.0M | 521.0M | 529.0M | 444.0M | 360.0M | 243.0M | -- | -- |
| Total Current Liabilities | 913.0M | 794.0M | 747.0M | 615.0M | 500.0M | 339.0M | 209.0M | 246.0M |
| Total Non Current Liabilities | 30.6M | 37.3M | 51.8M | 6.2M | 3.8M | 3.4M | 4.5M | 530,000 |
| Total Liabilities | 943.0M | 831.0M | 799.0M | 621.0M | 504.0M | 342.0M | 213.0M | 246.0M |
| Paid In Capital | 140.0M | 100.0M | 75.0M | 75.0M | 75.0M | 75.0M | 11.1M | 10.6M |
| Capital Reserve | 1.4B | 1.5B | 208.0M | 208.0M | 269.0M | 233.0M | 700.0M | 406.0M |
| Surplus Reserve | 70.0M | 50.0M | 37.5M | 37.5M | 34.1M | 14.0M | -- | -- |
| Retained Earnings | 1.3B | 1.1B | 677.0M | 354.0M | 73.7M | -51.2M | -599.0M | -403.0M |
| Minority Equity | 117,000 | -6,700 | -6,500 | -6,200 | -3,600 | -900.00 | -900.00 | -- |
| Equity Attributable | 2.9B | 2.7B | 998.0M | 676.0M | 452.0M | 271.0M | 117.0M | 14.1M |
| Total Equity | 2.9B | 2.7B | 998.0M | 676.0M | 452.0M | 271.0M | 117.0M | 14.1M |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.0B | 1.5B | 1.5B | 1.2B | 965.0M | 716.0M | 434.0M | 236.0M |
| Tax Refunds Received | 19.5M | 71.1M | 31.4M | 22.0M | 30.0M | 6.9M | 6.8M | 4.9M |
| Total Operating Cash Inflow | 2.0B | 1.6B | 1.5B | 1.3B | 1.0B | 733.0M | 452.0M | 248.0M |
| Cash Paid For Goods | 158.0M | 148.0M | 143.0M | 117.0M | 109.0M | 71.3M | 58.5M | 46.4M |
| Cash Paid To Employees | 581.0M | 502.0M | 455.0M | 387.0M | 308.0M | 219.0M | 174.0M | 124.0M |
| Taxes Paid | 148.0M | 119.0M | 77.4M | 57.7M | 38.5M | 36.2M | 25.3M | 8.4M |
| Total Operating Cash Outflow | 1.4B | 1.2B | 1.1B | 896.0M | 718.0M | 483.0M | 398.0M | 281.0M |
| Operating Cash Flow | 606.0M | 456.0M | 451.0M | 377.0M | 288.0M | 250.0M | 53.3M | -32.1M |
| Total Investing Cash Inflow | 3.9B | 1.1B | 647.0M | 346.0M | 76.2M | 111.0M | 8,120 | 14.9M |
| Total Investing Cash Outflow | 4.7B | 1.8B | 1.3B | 802.0M | 177.0M | 85.4M | 54.1M | 9.0M |
| Investing Cash Flow | -776.0M | -662.0M | -635.0M | -456.0M | -101.0M | 25.4M | -54.1M | 6.0M |
| Dividends And Interest Paid | 200.0M | -- | -- | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 375,000 | 1.3B | -- | -- | -- | -- | 129.0M | 129.0M |
| Total Financing Cash Outflow | 235.0M | 40.1M | 21.0M | 17.9M | 19.7M | 3.7M | 131.0M | -- |
| Financing Cash Flow | -235.0M | 1.3B | -21.0M | -17.9M | -19.7M | -3.7M | -2.1M | 129.0M |
| Net Change In Cash | -410.0M | 1.1B | -200.0M | -79.6M | 160.0M | 258.0M | -3.0M | 102.0M |
| Ending Cash Balance | 980.0M | 1.4B | 331.0M | 531.0M | 611.0M | 451.0M | 192.0M | 195.0M |
| Capex | 81.8M | 174.0M | 77.2M | 14.7M | 20.4M | 14.9M | 7.1M | 7.0M |