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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.3B | 6.9B | 6.7B | 4.7B | 3.3B | 2.4B | 2.2B | 2.2B | 2.0B |
| Revenue Growth % | 5.7% | 3.5% | 40.5% | 43.7% | 36.3% | 8.0% | 2.7% | 8.7% | -- |
| Total Revenue | 7.3B | 6.9B | 6.7B | 4.7B | 3.3B | 2.4B | 2.2B | 2.2B | 2.0B |
| Cost Of Revenue | 5.4B | 5.2B | 5.2B | 3.8B | 2.5B | 1.8B | 1.6B | 1.6B | 1.5B |
| Gross Profit | 1.9B | 1.7B | 1.5B | 963.0M | 777.0M | 649.0M | 611.0M | 575.0M | 539.0M |
| Gross Margin % | 25.9% | 24.3% | 22.6% | 20.3% | 23.5% | 26.8% | 27.2% | 26.3% | 26.8% |
| Total Operating Cost | 6.7B | 6.4B | 6.2B | 4.5B | 3.1B | 2.2B | 2.0B | 2.0B | 2.0B |
| Selling Expenses | 322.0M | 264.0M | 207.0M | 159.0M | 115.0M | 89.0M | 134.0M | 127.0M | 125.0M |
| Admin Expenses | 380.0M | 352.0M | 279.0M | 231.0M | 185.0M | 132.0M | 126.0M | 109.0M | 221.0M |
| Rd Expenses | 356.0M | 353.0M | 351.0M | 247.0M | 158.0M | 112.0M | 101.0M | 96.0M | 95.4M |
| Finance Expenses | 59.2M | 28.5M | 39.7M | -5.2M | 35.5M | 24.6M | 296,000 | 7.9M | 20.8M |
| Operating Income | 718.0M | 618.0M | 549.0M | 258.0M | 247.0M | 253.0M | 235.0M | 210.0M | 65.9M |
| Operating Margin % | 9.8% | 9.0% | 8.2% | 5.4% | 7.5% | 10.4% | 10.5% | 9.6% | 3.3% |
| Non Operating Income | 6.1M | 4.9M | 6.5M | 7.9M | 11.9M | 8.2M | 4.4M | 19.0M | 6.0M |
| Non Operating Expenses | 1.7M | 5.7M | 4.2M | 992,600 | 1.8M | 1.3M | 319,800 | 5.3M | 75,700 |
| Investment Income | 9.8M | 10.9M | 1.9M | -2.2M | -4.5M | 462,100 | 2.1M | 2.1M | 1.9M |
| Fair Value Change Income | 183,900 | -22.9M | -21.6M | -17.7M | 10.8M | 232,000 | 1.3M | -- | -- |
| Asset Disposal Income | -1.3M | 676,800 | -404,300 | 1.0M | -842,200 | 29,900 | 9.3M | 222,200 | 5.7M |
| Asset Impairment Loss | 4.8M | 77.5M | 15.3M | 13.0M | 10.0M | 14.0M | 11.1M | 23.0M | 23.3M |
| Other Income | 96.0M | 86.9M | 56.4M | 24.1M | 14.5M | 21.6M | 19.4M | 14.2M | 23.3M |
| Income Before Tax | 723.0M | 617.0M | 551.0M | 265.0M | 258.0M | 260.0M | 239.0M | 224.0M | 71.8M |
| Income Tax | 68.7M | 46.4M | 49.5M | -18.4M | 22.1M | 28.2M | 29.4M | 27.3M | 7.1M |
| Net Income | 654.0M | 571.0M | 502.0M | 283.0M | 235.0M | 232.0M | 210.0M | 197.0M | 64.7M |
| Net Margin % | 9.0% | 8.3% | 7.5% | 6.0% | 7.1% | 9.6% | 9.4% | 9.0% | 3.2% |
| Net Income Attributable | 660.0M | 574.0M | 505.0M | 283.0M | 235.0M | 232.0M | 210.0M | 193.0M | 61.1M |
| Minority Interest | -5.4M | -3.9M | -2.7M | -- | 818,300 | 355,300 | -288,400 | 3.7M | 3.6M |
| Eps Basic | 1.44 | 1.29 | 1.18 | 0.67 | 0.57 | 0.60 | 0.55 | 0.51 | 0.17 |
| Eps Diluted | 1.44 | 1.29 | 1.18 | 0.67 | 0.57 | 0.60 | 0.55 | 0.51 | 0.17 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 2.8B | 560.0M | 792.0M | 584.0M | 830.0M | 541.0M | 389.0M | 326.0M | 246.0M |
| Trading Financial Assets | 518,200 | 491,200 | 1.7M | 681.0M | 229.0M | 326,800 | 74.9M | 64.9M | -- |
| Accounts Receivable | 2.4B | 2.7B | 2.6B | 1.8B | 1.1B | 978.0M | 886.0M | 800.0M | 654.0M |
| Notes Receivable | 510.0M | 404.0M | 393.0M | 308.0M | 273.0M | 219.0M | 157.0M | 203.0M | 227.0M |
| Notes And Accounts Receivable | 2.9B | 3.1B | 3.0B | 2.1B | 1.4B | 1.2B | 1.0B | 1.0B | 881.0M |
| Prepayments | 265.0M | 197.0M | 76.8M | 172.0M | 105.0M | 37.8M | 55.4M | 150.0M | 224.0M |
| Inventory | 2.6B | 2.1B | 1.7B | 1.7B | 1.4B | 1.1B | 849.0M | 789.0M | 771.0M |
| Total Current Assets | 9.5B | 7.0B | 6.1B | 5.6B | 4.3B | 3.1B | 2.6B | 2.5B | 2.3B |
| Long Term Equity Investment | 54.0M | 52.4M | 65.2M | 62.8M | 13.4M | -- | -- | -- | -- |
| Fixed Assets | 1.8B | 1.8B | 1.8B | 733.0M | 549.0M | 499.0M | 299.0M | 306.0M | 343.0M |
| Fixed Assets Total | 1.8B | 1.8B | 1.8B | 733.0M | 549.0M | 499.0M | 299.0M | 306.0M | 343.0M |
| Construction In Progress | 279.0M | 214.0M | 87.2M | 562.0M | 264.0M | 126.0M | 112.0M | 23.6M | 23.4M |
| Construction In Progress Total | 279.0M | 214.0M | 87.2M | 562.0M | 264.0M | 126.0M | 112.0M | 23.6M | 23.4M |
| Intangible Assets | 259.0M | 263.0M | 171.0M | 169.0M | 165.0M | 175.0M | 160.0M | 148.0M | 146.0M |
| Long Term Deferred Expenses | 94,300 | 188,700 | 283,000 | 377,400 | 471,700 | -- | -- | -- | -- |
| Total Non Current Assets | 2.9B | 2.6B | 2.5B | 1.8B | 1.1B | 945.0M | 724.0M | 580.0M | 560.0M |
| Total Assets | 12.4B | 9.6B | 8.5B | 7.5B | 5.4B | 4.0B | 3.3B | 3.1B | 2.9B |
| Short Term Borrowings | 492.0M | 168.0M | 54.9M | 209.0M | 83.7M | 45.7M | 80.1M | 155.0M | 120.0M |
| Accounts Payable | 1.8B | 1.9B | 1.8B | 1.5B | 960.0M | 744.0M | 707.0M | 572.0M | 485.0M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 379.0M | 383.0M | 371.0M |
| Contract Liabilities | 522.0M | 644.0M | 593.0M | 698.0M | 683.0M | 424.0M | -- | -- | -- |
| Total Current Liabilities | 4.5B | 4.1B | 3.7B | 3.4B | 2.5B | 1.8B | 1.4B | 1.4B | 1.4B |
| Long Term Borrowings | 920.0M | 854.0M | 522.0M | 266.0M | 336.0M | 186.0M | 20.7M | -- | 55.7M |
| Total Non Current Liabilities | 2.7B | 1.1B | 1.5B | 1.2B | 423.0M | 257.0M | 84.4M | 52.2M | 114.0M |
| Total Liabilities | 7.2B | 5.2B | 5.2B | 4.6B | 2.9B | 2.1B | 1.5B | 1.5B | 1.5B |
| Paid In Capital | 460.0M | 457.0M | 427.0M | 427.0M | 426.0M | 383.0M | 383.0M | 383.0M | 369.0M |
| Capital Reserve | 2.2B | 2.1B | 1.1B | 1.1B | 1.0B | 734.0M | 732.0M | 732.0M | 608.0M |
| Surplus Reserve | 230.0M | 187.0M | 145.0M | 85.6M | 62.7M | 45.5M | 30.5M | 19.0M | 5.5M |
| Retained Earnings | 2.2B | 1.8B | 1.4B | 1.1B | 926.0M | 794.0M | 614.0M | 451.0M | 306.0M |
| Minority Equity | -9.6M | -3.1M | -654,500 | 16,600 | 16,600 | 5.3M | 6.9M | 7.1M | 70.6M |
| Equity Attributable | 5.2B | 4.5B | 3.3B | 2.9B | 2.5B | 2.0B | 1.8B | 1.6B | 1.3B |
| Total Equity | 5.2B | 4.4B | 3.3B | 2.9B | 2.5B | 2.0B | 1.8B | 1.6B | 1.4B |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 6.6B | 5.5B | 5.1B | 3.4B | 2.9B | 2.1B | 1.9B | 1.9B | 1.7B |
| Tax Refunds Received | 63.7M | 48.1M | 22.6M | 50.3M | 24.5M | 23.5M | 25.9M | 16.1M | 2.1M |
| Total Operating Cash Inflow | 7.0B | 6.1B | 5.4B | 3.7B | 3.1B | 2.2B | 2.0B | 2.0B | 1.9B |
| Cash Paid For Goods | 5.0B | 4.7B | 4.1B | 3.0B | 2.1B | 1.4B | 1.1B | 1.2B | 1.2B |
| Cash Paid To Employees | 589.0M | 529.0M | 449.0M | 388.0M | 359.0M | 274.0M | 267.0M | 246.0M | 208.0M |
| Taxes Paid | 181.0M | 160.0M | 106.0M | 82.7M | 75.1M | 87.7M | 92.5M | 69.8M | 129.0M |
| Total Operating Cash Outflow | 6.4B | 6.1B | 5.2B | 3.8B | 2.8B | 2.0B | 1.7B | 1.8B | 1.8B |
| Operating Cash Flow | 601.0M | -37.0M | 205.0M | -104.0M | 253.0M | 192.0M | 273.0M | 228.0M | 71.9M |
| Total Investing Cash Inflow | 540.0M | 557.0M | 975.0M | 1.3B | 1.2B | 557.0M | 806.0M | 533.0M | 972.0M |
| Total Investing Cash Outflow | 927.0M | 994.0M | 1.2B | 2.4B | 1.6B | 712.0M | 918.0M | 631.0M | 831.0M |
| Investing Cash Flow | -387.0M | -438.0M | -247.0M | -1.1B | -459.0M | -155.0M | -112.0M | -98.1M | 142.0M |
| Cash From Borrowings | 1.9B | 1.4B | 609.0M | 509.0M | 287.0M | 213.0M | 101.0M | 155.0M | 120.0M |
| Dividends And Interest Paid | 274.0M | 238.0M | 127.0M | 104.0M | 99.8M | 44.1M | 40.1M | 43.8M | 223.0M |
| Debt Repayments | 1.3B | 856.0M | 539.0M | 452.0M | 42.1M | 80.0M | 155.0M | 228.0M | 179.0M |
| Total Financing Cash Inflow | 3.7B | 1.5B | 927.0M | 1.5B | 667.0M | 213.0M | 101.0M | 233.0M | 232.0M |
| Total Financing Cash Outflow | 1.6B | 1.2B | 680.0M | 561.0M | 173.0M | 124.0M | 195.0M | 272.0M | 403.0M |
| Financing Cash Flow | 2.0B | 243.0M | 246.0M | 930.0M | 494.0M | 89.2M | -94.4M | -38.5M | -171.0M |
| Net Change In Cash | 2.3B | -220.0M | 211.0M | -249.0M | 280.0M | 121.0M | 66.7M | 96.3M | 38.5M |
| Ending Cash Balance | 2.8B | 515.0M | 735.0M | 524.0M | 774.0M | 494.0M | 373.0M | 306.0M | 210.0M |
| Capex | 387.0M | 435.0M | 919.0M | 537.0M | 232.0M | 231.0M | 117.0M | 17.6M | 9.5M |