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 | 398.0M | 402.0M | 394.0M | 320.0M | 318.0M | 222.0M | 259.0M | 201.0M | 146.0M | 112.0M |
| Revenue Growth % | -1.0% | 2.0% | 23.1% | 0.6% | 43.2% | -14.3% | 28.9% | 37.7% | 30.4% | -- |
| Total Revenue | 398.0M | 402.0M | 394.0M | 320.0M | 318.0M | 222.0M | 259.0M | 201.0M | 146.0M | 112.0M |
| Cost Of Revenue | 166.0M | 145.0M | 149.0M | 118.0M | 98.5M | 76.4M | 82.7M | 59.2M | 44.3M | 38.3M |
| Gross Profit | 232.0M | 257.0M | 245.0M | 202.0M | 219.5M | 145.6M | 176.3M | 141.8M | 101.7M | 73.7M |
| Gross Margin % | 58.3% | 63.9% | 62.2% | 63.1% | 69.0% | 65.6% | 68.1% | 70.6% | 69.7% | 65.8% |
| Total Operating Cost | 383.0M | 362.0M | 342.0M | 280.0M | 234.0M | 173.0M | 189.0M | 153.0M | 116.0M | 108.0M |
| Selling Expenses | 96.6M | 94.3M | 94.1M | 78.7M | 68.0M | 50.1M | 54.7M | 42.4M | 35.6M | 31.3M |
| Admin Expenses | 62.7M | 65.6M | 45.3M | 39.5M | 31.3M | 18.0M | 22.6M | 15.4M | 12.4M | 12.7M |
| Rd Expenses | 47.8M | 46.3M | 47.0M | 38.7M | 31.8M | 24.1M | 25.4M | 24.2M | 19.7M | 23.3M |
| Finance Expenses | 1.4M | 2.9M | 1.2M | 1.1M | 741,900 | 1.5M | 834,200 | 1.4M | 1.9M | 1.4M |
| Operating Income | 26.8M | 41.4M | 55.8M | 47.6M | 97.5M | 65.1M | 70.1M | 49.2M | 24.6M | 3.1M |
| Operating Margin % | 6.7% | 10.3% | 14.2% | 14.9% | 30.7% | 29.3% | 27.0% | 24.5% | 16.8% | 2.8% |
| Non Operating Income | 2.2M | 997,600 | 1.4M | 943,300 | 2.8M | 1.4M | 3.7M | 1.3M | 806,200 | 1.8M |
| Non Operating Expenses | 4.2M | 1.3M | 636,700 | 2.0M | 1.2M | 1.4M | 163,900 | 3.7M | 566,000 | 730,700 |
| Investment Income | 113,100 | 190,600 | 1.8M | 5.8M | 12.1M | 14.9M | 230,000 | -525,600 | -6.4M | -- |
| Fair Value Change Income | -- | -- | 431,300 | 216,600 | 11,100 | -- | -- | -- | -- | -- |
| Asset Disposal Income | 8.6M | -96,900 | 126,100 | -362,500 | 122,200 | 84,700 | -237,600 | 121,100 | 41,500 | -97,700 |
| Asset Impairment Loss | -- | 1.1M | -- | -- | -- | -- | -- | 8.0M | 273,200 | 27,500 |
| Other Income | 2.7M | 1.2M | 1.4M | 1.0M | 1.7M | 1.4M | 30,000 | 1.1M | 989,800 | -- |
| Income Before Tax | 24.8M | 41.0M | 56.6M | 46.5M | 99.1M | 65.1M | 73.6M | 46.7M | 24.8M | 4.2M |
| Income Tax | 1.6M | 4.2M | 9.3M | 4.8M | 12.9M | 8.5M | 9.7M | 6.6M | 3.5M | -122,600 |
| Net Income | 23.2M | 36.8M | 47.3M | 41.7M | 86.2M | 56.6M | 63.8M | 40.2M | 21.4M | 4.3M |
| Net Margin % | 5.8% | 9.2% | 12.0% | 13.0% | 27.1% | 25.5% | 24.6% | 20.0% | 14.6% | 3.9% |
| Net Income Attributable | 23.2M | 36.8M | 47.3M | 41.7M | 86.2M | 56.6M | 63.8M | 40.2M | 21.4M | 4.3M |
| Eps Basic | 0.37 | 0.59 | 0.75 | 0.66 | 1.40 | 1.20 | 1.35 | 0.88 | 0.47 | -- |
| Eps Diluted | 0.37 | 0.58 | 0.74 | 0.66 | 1.40 | 1.20 | 1.35 | 0.88 | 0.47 | -- |
| 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 | 63.3M | 122.0M | 163.0M | 154.0M | 450.0M | 58.8M | 90.8M | 66.5M | 14.0M | 13.0M |
| Trading Financial Assets | -- | -- | -- | 135.0M | 5.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 56.0M | 48.6M | 41.5M | 32.4M | 37.5M | 29.9M | 19.9M | 21.7M | 11.0M | -- |
| Notes Receivable | 43,800 | -- | -- | -- | -- | -- | -- | 420,000 | 330,000 | -- |
| Notes And Accounts Receivable | 56.0M | 48.6M | 41.5M | 32.4M | 37.5M | 29.9M | 19.9M | 22.1M | 11.4M | 6.2M |
| Prepayments | 7.0M | 7.0M | 8.1M | 7.7M | 3.9M | 5.4M | 2.3M | 1.0M | 3.5M | 835,100 |
| Inventory | 107.0M | 111.0M | 111.0M | 87.8M | 68.2M | 61.9M | 59.6M | 49.2M | 38.7M | 30.0M |
| Total Current Assets | 236.0M | 292.0M | 328.0M | 423.0M | 570.0M | 159.0M | 176.0M | 140.0M | 68.7M | 52.7M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | -- | 5.7M | 5.5M | 13.4M | -- |
| Fixed Assets | 665.0M | 698.0M | 150.0M | 144.0M | 119.0M | 95.1M | 81.6M | 72.8M | 58.1M | -- |
| Fixed Assets Total | 665.0M | 698.0M | 150.0M | 144.0M | 120.0M | 95.1M | 81.6M | 72.8M | 58.1M | 49.1M |
| Construction In Progress | 58,300 | 4.8M | 423.0M | 326.0M | 129.0M | 24.9M | 529,700 | -- | -- | -- |
| Construction In Progress Total | 58,300 | 4.8M | 423.0M | 326.0M | 129.0M | 24.9M | 529,700 | -- | -- | -- |
| Intangible Assets | 11.1M | 10.1M | 11.9M | 12.6M | 12.2M | 11.3M | 11.7M | 534,900 | 616,000 | 600,100 |
| Long Term Deferred Expenses | 10.4M | 12.1M | 11.6M | 16.3M | 10.3M | 2.0M | 1.0M | 429,600 | 355,500 | 1.2M |
| Total Non Current Assets | 696.0M | 741.0M | 621.0M | 522.0M | 294.0M | 138.0M | 107.0M | 84.8M | 75.5M | 71.9M |
| Total Assets | 931.0M | 1.0B | 949.0M | 944.0M | 864.0M | 296.0M | 283.0M | 225.0M | 144.0M | 125.0M |
| Short Term Borrowings | 45.0M | 105.0M | 50.0M | 50.0M | 20.0M | 20.0M | 45.0M | 13.0M | 30.0M | 29.6M |
| Accounts Payable | 14.0M | 44.6M | 23.9M | 48.3M | 11.1M | 7.5M | 5.9M | 2.9M | 4.1M | -- |
| Advance Receipts | 1.2M | 1.7M | 2.9M | 3.5M | 4.9M | 4.7M | 5.2M | 4.6M | 3.3M | 4.1M |
| Contract Liabilities | 13.3M | 12.7M | 11.7M | 9.8M | 8.6M | 4.3M | -- | -- | -- | -- |
| Total Current Liabilities | 109.0M | 210.0M | 136.0M | 153.0M | 86.2M | 63.2M | 123.0M | 77.6M | 53.0M | 54.8M |
| Long Term Borrowings | -- | 8.0M | -- | -- | -- | 24.0M | 5.0M | 6.0M | 7.0M | 7.9M |
| Total Non Current Liabilities | 2.8M | 10.7M | 2.8M | 12.3M | 7.8M | 26.8M | 10.6M | 14.5M | 12.2M | 13.2M |
| Total Liabilities | 111.0M | 221.0M | 139.0M | 165.0M | 93.9M | 90.0M | 134.0M | 92.1M | 65.2M | 67.9M |
| Paid In Capital | 63.5M | 63.1M | 63.1M | 63.1M | 63.1M | 47.3M | 47.3M | 47.3M | 45.0M | 12.9M |
| Capital Reserve | 566.0M | 563.0M | 553.0M | 551.0M | 549.0M | 68.7M | 68.7M | 68.7M | 16.8M | 20.9M |
| Surplus Reserve | 31.8M | 31.8M | 31.8M | 31.8M | 26.2M | 17.4M | 10.6M | 4.4M | 817,400 | 4.3M |
| Retained Earnings | 179.0M | 174.0M | 162.0M | 134.0M | 131.0M | 72.9M | 23.1M | 12.7M | 16.4M | 17.6M |
| Equity Attributable | 820.0M | 812.0M | 811.0M | 779.0M | 770.0M | 206.0M | 150.0M | 133.0M | 79.0M | 56.7M |
| Total Equity | 820.0M | 812.0M | 811.0M | 779.0M | 770.0M | 206.0M | 150.0M | 133.0M | 79.0M | 56.7M |
| 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 | 472.0M | 434.0M | 416.0M | 357.0M | 344.0M | 233.0M | 283.0M | 214.0M | 158.0M | 123.0M |
| Tax Refunds Received | 1.3M | 1.2M | 1.7M | 524,500 | 258,600 | 288,200 | 423,200 | -- | -- | 3,700 |
| Total Operating Cash Inflow | 480.0M | 442.0M | 438.0M | 370.0M | 395.0M | 236.0M | 287.0M | 216.0M | 161.0M | 125.0M |
| Cash Paid For Goods | 144.0M | 83.7M | 74.4M | 98.2M | 73.8M | 56.8M | 71.6M | 55.2M | 46.7M | 42.5M |
| Cash Paid To Employees | 147.0M | 148.0M | 140.0M | 120.0M | 87.6M | 62.7M | 60.5M | 53.2M | 43.5M | 36.4M |
| Taxes Paid | 43.4M | 46.5M | 42.6M | 33.4M | 38.1M | 24.6M | 33.0M | 28.7M | 19.8M | 10.7M |
| Total Operating Cash Outflow | 407.0M | 340.0M | 335.0M | 312.0M | 291.0M | 178.0M | 219.0M | 170.0M | 138.0M | 119.0M |
| Operating Cash Flow | 72.9M | 101.0M | 103.0M | 58.3M | 105.0M | 58.2M | 68.6M | 46.5M | 22.3M | 6.4M |
| Total Investing Cash Inflow | 23.5M | 157.0M | 520.0M | 772.0M | 13.5M | 22.0M | 1.0M | 1.3M | 2.7M | 1.7M |
| Total Investing Cash Outflow | 73.9M | 310.0M | 560.0M | 1.1B | 168.0M | 57.0M | 34.8M | 26.7M | 20.8M | 35.9M |
| Investing Cash Flow | -50.4M | -154.0M | -39.5M | -344.0M | -154.0M | -35.0M | -33.8M | -25.4M | -18.1M | -34.2M |
| Cash From Borrowings | 115.0M | 145.0M | 50.0M | 50.0M | 20.0M | 60.0M | 55.0M | 26.0M | 30.0M | 31.6M |
| Dividends And Interest Paid | 20.8M | 28.2M | 20.8M | 34.7M | 19.8M | 49.2M | 41.5M | 1.7M | 1.8M | 1.5M |
| Debt Repayments | 185.0M | 80.0M | 75.0M | 20.0M | 44.0M | 66.1M | 24.0M | 44.0M | 30.6M | 17.9M |
| Total Financing Cash Inflow | 121.0M | 145.0M | 50.0M | 50.2M | 511.0M | 60.0M | 55.0M | 77.0M | 40.5M | 48.3M |
| Total Financing Cash Outflow | 207.0M | 134.0M | 103.0M | 61.1M | 70.4M | 115.0M | 65.5M | 45.6M | 43.9M | 21.9M |
| Financing Cash Flow | -85.9M | 10.8M | -53.1M | -10.9M | 441.0M | -55.3M | -10.5M | 31.4M | -3.4M | 26.5M |
| Net Change In Cash | -62.9M | -41.8M | 10.2M | -297.0M | 391.0M | -31.9M | 24.2M | 52.5M | 1.0M | -1.3M |
| Ending Cash Balance | 58.7M | 122.0M | 163.0M | 153.0M | 450.0M | 58.8M | 90.8M | 66.5M | 14.0M | 13.0M |
| Capex | 73.9M | 155.0M | 178.0M | 220.0M | 168.0M | 57.0M | 34.8M | 26.7M | 20.8M | 17.2M |