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 | 415.0M | 394.0M | 287.0M | 168.0M | 120.0M |
| Revenue Growth % | 5.3% | 37.3% | 70.8% | 40.0% | -- |
| Total Revenue | 415.0M | 394.0M | 287.0M | 168.0M | 120.0M |
| Cost Of Revenue | 221.0M | 180.0M | 133.0M | 76.4M | 55.7M |
| Gross Profit | 194.0M | 214.0M | 154.0M | 91.6M | 64.3M |
| Gross Margin % | 46.7% | 54.3% | 53.7% | 54.5% | 53.6% |
| Total Operating Cost | 344.0M | 300.0M | 239.0M | 146.0M | 107.0M |
| Selling Expenses | 13.5M | 16.2M | 14.8M | 10.1M | 8.6M |
| Admin Expenses | 49.3M | 46.4M | 38.0M | 31.2M | 26.2M |
| Rd Expenses | 45.8M | 42.6M | 36.2M | 22.5M | 13.1M |
| Finance Expenses | 13.5M | 14.2M | 15.2M | 4.0M | 2.7M |
| Operating Income | 89.8M | 111.0M | 63.5M | 26.7M | 20.7M |
| Operating Margin % | 21.6% | 28.2% | 22.1% | 15.9% | 17.3% |
| Non Operating Income | -- | 5,200 | 314,000 | 156,400 | 68,600 |
| Non Operating Expenses | 137,400 | 910,000 | 104,400 | 50.00 | 70,300 |
| Investment Income | 1.2M | 4.9M | 6.1M | 683,000 | 586,200 |
| Fair Value Change Income | 160,900 | -1.7M | 1.7M | 172,600 | -12,800 |
| Asset Disposal Income | -424,100 | 592,600 | -- | -- | -- |
| Asset Impairment Loss | 184,000 | 10,000 | 16,500 | 29.00 | 13,600 |
| Other Income | 18.0M | 13.8M | 7.8M | 3.9M | 7.0M |
| Income Before Tax | 89.7M | 110.0M | 63.8M | 26.9M | 20.7M |
| Income Tax | 8.5M | 11.9M | -1.8M | -610,400 | 1.8M |
| Net Income | 81.2M | 98.5M | 65.6M | 27.5M | 18.9M |
| Net Margin % | 19.6% | 25.0% | 22.9% | 16.4% | 15.7% |
| Net Income Attributable | 81.2M | 98.5M | 65.6M | 27.5M | 18.9M |
| Eps Basic | 0.22 | 0.27 | 0.18 | 0.08 | -- |
| Eps Diluted | 0.22 | 0.27 | 0.18 | 0.08 | -- |
| 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 | 113.0M | 170.0M | 270.0M | 277.0M | 85.3M |
| Trading Financial Assets | 314,400 | 30.2M | 50.1M | 30.1M | 25.1M |
| Accounts Receivable | 102.0M | 77.6M | 72.4M | 40.4M | 27.8M |
| Notes Receivable | 2.3M | 1.9M | 3.0M | 3.0M | 856,200 |
| Notes And Accounts Receivable | 105.0M | 79.5M | 75.4M | 43.4M | 28.6M |
| Prepayments | 1.0M | 1.2M | 313,300 | 1.1M | 320,100 |
| Inventory | 23.2M | 20.3M | 21.1M | 10.2M | 6.6M |
| Total Current Assets | 270.0M | 327.0M | 450.0M | 385.0M | 164.0M |
| Fixed Assets | -- | 392.0M | 353.0M | 137.0M | 87.5M |
| Fixed Assets Total | 582.0M | 392.0M | 353.0M | 137.0M | 87.5M |
| Construction In Progress | -- | 362.0M | 130.0M | 95.1M | 63.9M |
| Construction In Progress Total | 524.0M | 362.0M | 130.0M | 95.1M | 63.9M |
| Intangible Assets | 7.8M | 8.4M | 8.7M | 8.8M | 197,000 |
| Long Term Deferred Expenses | 25.7M | 28.9M | 21.5M | 24.5M | 3.7M |
| Total Non Current Assets | 1.2B | 880.0M | 572.0M | 356.0M | 160.0M |
| Total Assets | 1.5B | 1.2B | 1.0B | 741.0M | 324.0M |
| Short Term Borrowings | 49.9M | 70.1M | 81.9M | 84.3M | 40.8M |
| Accounts Payable | 153.0M | 65.0M | 30.2M | 17.8M | 19.5M |
| Advance Receipts | 151,600 | 504,500 | 804,400 | 16,900 | 132,700 |
| Contract Liabilities | 1.4M | 1.4M | 1.7M | 1.9M | 1.7M |
| Total Current Liabilities | 320.0M | 251.0M | 199.0M | 146.0M | 91.6M |
| Long Term Borrowings | 503.0M | 362.0M | 299.0M | 121.0M | 44.3M |
| Total Non Current Liabilities | 566.0M | 434.0M | 369.0M | 166.0M | 57.2M |
| Total Liabilities | 886.0M | 686.0M | 567.0M | 313.0M | 149.0M |
| Paid In Capital | 363.0M | 363.0M | 363.0M | 360.0M | 7.2M |
| Capital Reserve | 39.2M | 36.0M | 32.6M | 2.7M | 127.0M |
| Surplus Reserve | 31.2M | 21.1M | 13.1M | 5.8M | -- |
| Retained Earnings | 167.0M | 96.3M | 43.8M | 60.5M | 39.3M |
| Equity Attributable | 606.0M | 522.0M | 455.0M | 428.0M | 175.0M |
| Total Equity | 606.0M | 522.0M | 455.0M | 428.0M | 175.0M |
| 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 | 415.0M | 421.0M | 273.0M | 160.0M | 118.0M |
| Tax Refunds Received | 35.6M | 25.4M | 13.4M | 8.7M | 537,900 |
| Total Operating Cash Inflow | 466.0M | 467.0M | 308.0M | 180.0M | 126.0M |
| Cash Paid For Goods | 45.7M | 60.7M | 34.4M | 23.6M | 20.2M |
| Cash Paid To Employees | 153.0M | 131.0M | 108.0M | 68.7M | 47.5M |
| Taxes Paid | 21.8M | 8.4M | 2.0M | 1.7M | 1.3M |
| Total Operating Cash Outflow | 245.0M | 229.0M | 160.0M | 111.0M | 76.7M |
| Operating Cash Flow | 221.0M | 239.0M | 148.0M | 69.2M | 49.3M |
| Total Investing Cash Inflow | 111.0M | 215.0M | 301.0M | 242.0M | 91.9M |
| Total Investing Cash Outflow | 473.0M | 525.0M | 605.0M | 450.0M | 201.0M |
| Investing Cash Flow | -361.0M | -310.0M | -304.0M | -208.0M | -109.0M |
| Cash From Borrowings | 353.0M | 220.0M | 323.0M | 182.0M | 102.0M |
| Dividends And Interest Paid | 22.9M | 58.7M | 87.0M | 5.7M | 2.5M |
| Debt Repayments | 224.0M | 173.0M | 101.0M | 54.8M | 27.9M |
| Total Financing Cash Inflow | 353.0M | 220.0M | 351.0M | 407.0M | 175.0M |
| Total Financing Cash Outflow | 270.0M | 252.0M | 205.0M | 75.7M | 42.2M |
| Financing Cash Flow | 83.0M | -31.2M | 146.0M | 331.0M | 133.0M |
| Net Change In Cash | -57.2M | -99.9M | -7.6M | 192.0M | 73.0M |
| Ending Cash Balance | 113.0M | 170.0M | 270.0M | 277.0M | 85.3M |
| Capex | 393.0M | 335.0M | 290.0M | 204.0M | 86.2M |