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 | 1.1B | 932.0M | 677.0M | 494.0M | 347.0M |
| Revenue Growth % | 15.7% | 37.7% | 37.0% | 42.4% | -- |
| Total Revenue | 1.1B | 932.0M | 677.0M | 494.0M | 347.0M |
| Cost Of Revenue | 537.0M | 404.0M | 301.0M | 230.0M | 175.0M |
| Gross Profit | 541.0M | 528.0M | 376.0M | 264.0M | 172.0M |
| Gross Margin % | 50.2% | 56.7% | 55.5% | 53.4% | 49.6% |
| Total Operating Cost | 916.0M | 747.0M | 526.0M | 378.0M | 266.0M |
| Selling Expenses | 44.1M | 43.8M | 20.3M | 17.0M | 8.7M |
| Admin Expenses | 106.0M | 109.0M | 90.5M | 68.6M | 44.2M |
| Rd Expenses | 172.0M | 124.0M | 89.7M | 47.6M | 34.2M |
| Finance Expenses | 10.5M | 5.0M | 3.7M | 2.8M | 992,200 |
| Operating Income | 178.0M | 194.0M | 169.0M | 123.0M | 82.8M |
| Operating Margin % | 16.5% | 20.8% | 25.0% | 24.9% | 23.9% |
| Non Operating Income | 18,500 | 10,100 | 95,900 | 50,800 | -- |
| Non Operating Expenses | 1.7M | 774,600 | 232,100 | 540,600 | 500,600 |
| Investment Income | -1.8M | 1.3M | 2.6M | 1.7M | 416,700 |
| Asset Disposal Income | -- | -- | -36,800 | 1,500 | -- |
| Asset Impairment Loss | -- | -- | -- | -- | -- |
| Other Income | 17.5M | 7.9M | 16.0M | 4.8M | 1.4M |
| Income Before Tax | 176.0M | 193.0M | 169.0M | 122.0M | 82.3M |
| Income Tax | 7.0M | 10.5M | 10.4M | 13.3M | 8.1M |
| Net Income | 169.0M | 183.0M | 159.0M | 109.0M | 74.2M |
| Net Margin % | 15.7% | 19.6% | 23.5% | 22.1% | 21.4% |
| Net Income Attributable | 177.0M | 185.0M | 156.0M | 106.0M | 72.5M |
| Minority Interest | -8.4M | -1.9M | 2.2M | 3.1M | 1.7M |
| Eps Basic | 1.58 | 1.65 | 1.40 | 1.51 | 1.21 |
| Eps Diluted | 1.58 | 1.65 | 1.40 | 1.51 | 1.21 |
| 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 | 566.0M | 691.0M | 609.0M | 490.0M | 109.0M |
| Trading Financial Assets | 30.0M | 30.0M | 13.1M | 158.0M | -- |
| Accounts Receivable | 442.0M | 293.0M | 203.0M | 109.0M | 51.4M |
| Notes Receivable | 7.7M | 4.6M | 4.2M | 3.4M | 1.4M |
| Notes And Accounts Receivable | 450.0M | 297.0M | 207.0M | 113.0M | 52.8M |
| Prepayments | 86.3M | 45.2M | 24.3M | 25.9M | 15.6M |
| Inventory | 15.0M | 14.4M | 12.5M | 7.8M | 6.3M |
| Total Current Assets | 1.5B | 1.4B | 1.0B | 942.0M | 263.0M |
| Long Term Equity Investment | 25.9M | 30.0M | -- | -- | -- |
| Fixed Assets | -- | 159.0M | 143.0M | 87.0M | 74.6M |
| Fixed Assets Total | 158.0M | 159.0M | 143.0M | 87.0M | 74.6M |
| Construction In Progress | -- | -- | -- | 3.4M | -- |
| Construction In Progress Total | -- | -- | -- | 3.4M | -- |
| Intangible Assets | 5.4M | 5.4M | 4.2M | 3.3M | 4.0M |
| Long Term Deferred Expenses | 48.3M | 64.2M | 76.3M | 33.4M | 13.2M |
| Total Non Current Assets | 473.0M | 506.0M | 424.0M | 301.0M | 122.0M |
| Total Assets | 2.0B | 1.9B | 1.5B | 1.2B | 385.0M |
| Short Term Borrowings | 309.0M | 384.0M | 201.0M | 138.0M | 23.5M |
| Accounts Payable | 37.7M | 56.8M | 33.0M | 18.4M | 13.6M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 321.0M | 221.0M | 206.0M | 200.0M | 128.0M |
| Total Current Liabilities | 779.0M | 761.0M | 518.0M | 418.0M | 192.0M |
| Long Term Borrowings | 67.2M | -- | -- | -- | -- |
| Total Non Current Liabilities | 106.0M | 44.6M | 36.9M | 55.2M | -- |
| Total Liabilities | 885.0M | 806.0M | 555.0M | 473.0M | 192.0M |
| Paid In Capital | 112.0M | 112.0M | 80.0M | 80.0M | 60.0M |
| Capital Reserve | 376.0M | 474.0M | 500.0M | 500.0M | 52.7M |
| Surplus Reserve | 49.4M | 38.0M | 23.3M | 10.8M | 3.3M |
| Retained Earnings | 563.0M | 416.0M | 294.0M | 171.0M | 73.1M |
| Minority Equity | 2.0M | 17.2M | 11.7M | 7.7M | 3.8M |
| Equity Attributable | 1.1B | 1.0B | 897.0M | 762.0M | 189.0M |
| Total Equity | 1.1B | 1.1B | 909.0M | 770.0M | 193.0M |
| 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 | 925.0M | 755.0M | 544.0M | 434.0M | 331.0M |
| Tax Refunds Received | -- | -- | 100,800 | 1.6M | 368,500 |
| Total Operating Cash Inflow | 957.0M | 778.0M | 575.0M | 450.0M | 336.0M |
| Cash Paid For Goods | 468.0M | 357.0M | 204.0M | 172.0M | 134.0M |
| Cash Paid To Employees | 306.0M | 261.0M | 205.0M | 151.0M | 101.0M |
| Taxes Paid | 65.5M | 41.2M | 32.9M | 13.7M | 17.8M |
| Total Operating Cash Outflow | 925.0M | 685.0M | 471.0M | 362.0M | 273.0M |
| Operating Cash Flow | 32.0M | 92.9M | 104.0M | 88.3M | 63.0M |
| Total Investing Cash Inflow | 178.0M | 4.3M | 178.0M | 304.0M | 74.4M |
| Total Investing Cash Outflow | 220.0M | 93.0M | 190.0M | 580.0M | 110.0M |
| Investing Cash Flow | -42.6M | -88.7M | -11.5M | -276.0M | -35.7M |
| Cash From Borrowings | 431.0M | 393.0M | 216.0M | 148.0M | 37.0M |
| Dividends And Interest Paid | 38.2M | 55.5M | 27.0M | 1.2M | 1.1M |
| Debt Repayments | 419.0M | 212.0M | 153.0M | 33.5M | 25.5M |
| Total Financing Cash Inflow | 446.0M | 401.0M | 218.0M | 636.0M | 37.0M |
| Total Financing Cash Outflow | 574.0M | 323.0M | 192.0M | 67.8M | 31.5M |
| Financing Cash Flow | -128.0M | 77.8M | 26.2M | 568.0M | 5.5M |
| Net Change In Cash | -138.0M | 82.0M | 119.0M | 381.0M | 32.8M |
| Ending Cash Balance | 553.0M | 691.0M | 609.0M | 490.0M | 109.0M |
| Capex | 30.5M | 73.0M | 104.0M | 85.0M | 27.0M |