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 |
|---|---|---|---|---|---|
| Revenue | 2.0B | 1.3B | 992.0M | 927.0M | 726.0M |
| Revenue Growth % | 53.5% | 29.5% | 7.0% | 27.7% | -- |
| Total Revenue | 2.0B | 1.3B | 992.0M | 927.0M | 726.0M |
| Cost Of Revenue | 1.5B | 971.0M | 711.0M | 628.0M | 480.0M |
| Gross Profit | 438.0M | 314.0M | 281.0M | 299.0M | 246.0M |
| Gross Margin % | 22.2% | 24.4% | 28.3% | 32.3% | 33.9% |
| Total Operating Cost | 1.9B | 1.3B | 919.0M | 784.0M | 601.0M |
| Selling Expenses | 24.1M | 20.2M | 16.3M | 12.7M | 12.9M |
| Admin Expenses | 105.0M | 67.4M | 56.7M | 59.0M | 36.2M |
| Rd Expenses | 151.0M | 122.0M | 98.6M | 80.0M | 60.6M |
| Finance Expenses | 38.9M | 28.7M | 16.1M | -14.0M | -3.5M |
| Operating Income | 44.4M | 40.9M | 92.2M | 155.0M | 135.0M |
| Operating Margin % | 2.3% | 3.2% | 9.3% | 16.7% | 18.6% |
| Non Operating Income | 1.00 | 136,000 | 429,000 | 1.8M | 1.6M |
| Non Operating Expenses | 150,700 | 98,900 | 89,300 | 450,000 | 98,800 |
| Investment Income | 4.2M | 8.9M | 2.1M | 4.0M | 4.2M |
| Fair Value Change Income | 823,000 | 526,700 | 2.1M | 2.1M | 1.3M |
| Asset Disposal Income | -63,500 | -198,500 | -56,900 | 26,100 | 55,700 |
| Asset Impairment Loss | 52.0M | 38.8M | 9.9M | 7.6M | 9.2M |
| Other Income | 9.4M | 13.1M | 15.8M | 5.5M | 4.8M |
| Income Before Tax | 44.2M | 40.9M | 92.5M | 156.0M | 137.0M |
| Income Tax | -5.5M | -7.3M | 167,200 | -10.0M | 11.8M |
| Net Income | 49.7M | 48.2M | 92.3M | 166.0M | 125.0M |
| Net Margin % | 2.5% | 3.8% | 9.3% | 17.9% | 17.2% |
| Net Income Attributable | 55.2M | 54.5M | 88.5M | 162.0M | 122.0M |
| Minority Interest | -5.5M | -6.3M | 3.8M | 4.1M | 3.0M |
| Eps Basic | 0.22 | 0.26 | 0.51 | 0.94 | 0.70 |
| Eps Diluted | 0.21 | 0.26 | 0.51 | 0.94 | 0.70 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 453.0M | 382.0M | 498.0M | 160.0M | 309.0M |
| Trading Financial Assets | 31.4M | 103.0M | 444.0M | 84.6M | 165.0M |
| Accounts Receivable | 883.0M | 538.0M | 441.0M | 388.0M | 297.0M |
| Notes Receivable | 43.1M | 50.2M | 39.2M | 44.0M | 39.7M |
| Notes And Accounts Receivable | 926.0M | 588.0M | 480.0M | 432.0M | 337.0M |
| Prepayments | 14.9M | 6.5M | 3.6M | 2.5M | 3.3M |
| Inventory | 479.0M | 410.0M | 252.0M | 226.0M | 195.0M |
| Total Current Assets | 2.0B | 1.6B | 1.7B | 926.0M | 1.0B |
| Long Term Equity Investment | 1.5M | -- | -- | -- | -- |
| Fixed Assets | 1.7B | 1.4B | 1.1B | 998.0M | 624.0M |
| Fixed Assets Total | 1.7B | 1.4B | 1.1B | 998.0M | 624.0M |
| Construction In Progress | 111.0M | 229.0M | 285.0M | 178.0M | 78.7M |
| Construction In Progress Total | 111.0M | 229.0M | 285.0M | 178.0M | 78.7M |
| Intangible Assets | 79.2M | 65.2M | 53.3M | 55.7M | 22.9M |
| Long Term Deferred Expenses | 169.0M | 155.0M | 80.3M | 30.5M | 11.9M |
| Total Non Current Assets | 2.3B | 2.0B | 1.6B | 1.4B | 810.0M |
| Total Assets | 4.3B | 3.6B | 3.3B | 2.3B | 1.8B |
| Short Term Borrowings | 489.0M | 330.0M | 263.0M | 166.0M | 65.9M |
| Accounts Payable | 630.0M | 463.0M | 392.0M | 352.0M | 170.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 2.3M | 1.8M | 327,700 | 154,100 | 94,500 |
| Total Current Liabilities | 1.6B | 1.0B | 842.0M | 684.0M | 382.0M |
| Long Term Borrowings | 104.0M | 112.0M | 115.0M | 46.3M | -- |
| Total Non Current Liabilities | 783.0M | 927.0M | 875.0M | 144.0M | 53.5M |
| Total Liabilities | 2.4B | 2.0B | 1.7B | 828.0M | 435.0M |
| Paid In Capital | 260.0M | 243.0M | 174.0M | 173.0M | 173.0M |
| Capital Reserve | 1.1B | 814.0M | 885.0M | 890.0M | 880.0M |
| Surplus Reserve | 89.7M | 75.1M | 64.5M | 57.5M | 43.5M |
| Retained Earnings | 425.0M | 410.0M | 418.0M | 388.0M | 291.0M |
| Minority Equity | 53.7M | 59.2M | 69.5M | -- | 13.0M |
| Equity Attributable | 1.9B | 1.6B | 1.5B | 1.5B | 1.4B |
| Total Equity | 1.9B | 1.6B | 1.6B | 1.5B | 1.4B |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 1.5B | 1.1B | 885.0M | 881.0M | 621.0M |
| Tax Refunds Received | 46.5M | 21.0M | 12.6M | 32.1M | 22.1M |
| Total Operating Cash Inflow | 1.5B | 1.2B | 926.0M | 922.0M | 654.0M |
| Cash Paid For Goods | 832.0M | 727.0M | 452.0M | 416.0M | 393.0M |
| Cash Paid To Employees | 640.0M | 356.0M | 273.0M | 251.0M | 194.0M |
| Taxes Paid | 17.1M | 11.4M | 11.3M | 4.0M | 4.1M |
| Total Operating Cash Outflow | 1.5B | 1.1B | 761.0M | 694.0M | 610.0M |
| Operating Cash Flow | 11.4M | 54.0M | 165.0M | 228.0M | 43.9M |
| Total Investing Cash Inflow | 780.0M | 1.0B | 681.0M | 636.0M | 1.2B |
| Total Investing Cash Outflow | 1.1B | 1.2B | 1.4B | 1.0B | 1.6B |
| Investing Cash Flow | -349.0M | -201.0M | -721.0M | -383.0M | -440.0M |
| Cash From Borrowings | 793.0M | 455.0M | 531.0M | 292.0M | 72.9M |
| Dividends And Interest Paid | 42.3M | 66.9M | 60.8M | 54.6M | 53.8M |
| Debt Repayments | 666.0M | 349.0M | 326.0M | 140.0M | 70.0M |
| Total Financing Cash Inflow | 996.0M | 455.0M | 1.3B | 311.0M | 74.2M |
| Total Financing Cash Outflow | 710.0M | 416.0M | 397.0M | 271.0M | 126.0M |
| Financing Cash Flow | 286.0M | 38.4M | 893.0M | 40.3M | -52.3M |
| Net Change In Cash | -43.6M | -103.0M | 337.0M | -112.0M | -446.0M |
| Ending Cash Balance | 336.0M | 380.0M | 483.0M | 146.0M | 257.0M |
| Capex | 356.0M | 551.0M | 378.0M | 494.0M | 250.0M |