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 | 2.3B | 1.8B | 1.1B | 925.0M | 1.1B |
| Revenue Growth % | 28.6% | 60.1% | 21.8% | -16.1% | -- |
| Total Revenue | 2.3B | 1.8B | 1.1B | 925.0M | 1.1B |
| Cost Of Revenue | 1.7B | 1.2B | 853.0M | 649.0M | 703.0M |
| Gross Profit | 658.0M | 606.0M | 274.0M | 276.0M | 400.0M |
| Gross Margin % | 28.4% | 33.6% | 24.3% | 29.8% | 36.3% |
| Total Operating Cost | 2.2B | 1.5B | 1.2B | 900.0M | 838.0M |
| Selling Expenses | 85.1M | 57.1M | 39.8M | 27.7M | 21.7M |
| Admin Expenses | 88.8M | 58.6M | 46.3M | 33.3M | 25.2M |
| Rd Expenses | 297.0M | 242.0M | 191.0M | 149.0M | 91.5M |
| Finance Expenses | -4.9M | -19.0M | -27.8M | -32.9M | -12.1M |
| Operating Income | 188.0M | 305.0M | -69.8M | 82.3M | 282.0M |
| Operating Margin % | 8.1% | 16.9% | -6.2% | 8.9% | 25.6% |
| Non Operating Income | 23.5M | 1.00 | 0.00 | 8,800 | 250,000 |
| Non Operating Expenses | 148,900 | 349,800 | 24,800 | 1.5M | 2,400 |
| Investment Income | 32.6M | 39.5M | 617,000 | 1.1M | 274,600 |
| Fair Value Change Income | -9.0M | -34.9M | 9.5M | 34.4M | -82,500 |
| Asset Disposal Income | 3.3M | -- | -- | -- | -- |
| Asset Impairment Loss | 66.0M | 3.5M | 106.0M | 67.9M | 2.2M |
| Other Income | 41.9M | 45.3M | 9.3M | 21.5M | 17.6M |
| Income Before Tax | 211.0M | 305.0M | -69.9M | 80.8M | 283.0M |
| Income Tax | -10.5M | 12.6M | -21.6M | -2.4M | -8.5M |
| Net Income | 221.0M | 292.0M | -48.3M | 83.1M | 291.0M |
| Net Margin % | 9.5% | 16.2% | -4.3% | 9.0% | 26.4% |
| Net Income Attributable | 208.0M | 292.0M | -48.3M | 83.1M | 291.0M |
| Minority Interest | 13.8M | -- | -- | -- | -- |
| Eps Basic | 1.40 | 1.98 | -0.46 | 1.10 | 6.89 |
| Eps Diluted | 1.40 | 1.97 | -0.46 | 1.10 | 6.88 |
| 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 | 1.0B | 995.0M | 1.1B | 1.2B | 1.5B |
| Trading Financial Assets | -- | 12.4M | 63.5M | 54.0M | -- |
| Accounts Receivable | 642.0M | 387.0M | 304.0M | 243.0M | 200.0M |
| Notes Receivable | 31.3M | 26.3M | 17.2M | 12.7M | 12.2M |
| Notes And Accounts Receivable | 673.0M | 413.0M | 322.0M | 256.0M | 212.0M |
| Prepayments | 7.7M | 4.7M | 4.6M | 2.6M | 1.8M |
| Inventory | 1.3B | 718.0M | 363.0M | 670.0M | 225.0M |
| Total Current Assets | 3.0B | 2.2B | 1.9B | 2.3B | 1.9B |
| Fixed Assets | 255.0M | 41.2M | 42.8M | 36.2M | 27.2M |
| Fixed Assets Total | 255.0M | 41.2M | 42.8M | 36.2M | 27.2M |
| Construction In Progress | 24.6M | 185.0M | 5.0M | 7.5M | 3.7M |
| Construction In Progress Total | 24.6M | 185.0M | 5.0M | 7.5M | 3.7M |
| Intangible Assets | 62.3M | 64.1M | 36.1M | 12.2M | 8.6M |
| Long Term Deferred Expenses | 50.5M | 42.8M | 35.2M | 23.1M | 9.6M |
| Total Non Current Assets | 613.0M | 385.0M | 168.0M | 151.0M | 104.0M |
| Total Assets | 3.7B | 2.6B | 2.1B | 2.4B | 2.0B |
| Short Term Borrowings | -- | 672,000 | 3.2M | 3.1M | -- |
| Accounts Payable | 699.0M | 276.0M | 128.0M | 378.0M | 72.1M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 3.3M | 1.5M | 1.9M | 4.3M | 1.6M |
| Total Current Liabilities | 849.0M | 359.0M | 180.0M | 408.0M | 90.7M |
| Long Term Borrowings | 97.5M | -- | -- | -- | -- |
| Total Non Current Liabilities | 109.0M | 1.9M | 6.1M | 14.3M | 2.1M |
| Total Liabilities | 958.0M | 361.0M | 186.0M | 422.0M | 92.8M |
| Paid In Capital | 148.0M | 106.0M | 75.5M | 50.7M | 36.2M |
| Capital Reserve | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B |
| Surplus Reserve | 71.1M | 52.8M | 37.7M | 37.7M | 37.7M |
| Retained Earnings | 732.0M | 588.0M | 331.0M | 379.0M | 336.0M |
| Minority Equity | 281.0M | -- | -- | -- | -- |
| Equity Attributable | 2.4B | 2.2B | 1.9B | 2.0B | 1.9B |
| Total Equity | 2.7B | 2.2B | 1.9B | 2.0B | 1.9B |
| 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 | 2.1B | 1.6B | 1.1B | 940.0M | 1.1B |
| Tax Refunds Received | 20.6M | 16.4M | 18.2M | 19.9M | 15.3M |
| Total Operating Cash Inflow | 2.2B | 1.7B | 1.1B | 1.0B | 1.1B |
| Cash Paid For Goods | 1.7B | 1.3B | 887.0M | 947.0M | 808.0M |
| Cash Paid To Employees | 302.0M | 220.0M | 168.0M | 126.0M | 79.4M |
| Taxes Paid | 5.0M | 3.9M | 20.8M | 13.5M | 34.4M |
| Total Operating Cash Outflow | 2.1B | 1.6B | 1.1B | 1.1B | 965.0M |
| Operating Cash Flow | 82.3M | 107.0M | 21.8M | -130.0M | 182.0M |
| Total Investing Cash Inflow | 137.0M | 109.0M | 627,600 | 1.6M | 45.0M |
| Total Investing Cash Outflow | 133.0M | 304.0M | 88.1M | 80.1M | 126.0M |
| Investing Cash Flow | 4.2M | -196.0M | -87.4M | -78.6M | -80.7M |
| Cash From Borrowings | -- | 153.0M | 96.1M | -- | -- |
| Dividends And Interest Paid | 46.2M | 20.7M | 377,000 | 39.5M | -- |
| Debt Repayments | 520,800 | 152.0M | 96.1M | -- | -- |
| Total Financing Cash Inflow | 10.4M | 153.0M | 99.4M | 3.1M | 1.2B |
| Total Financing Cash Outflow | 49.8M | 179.0M | 138.0M | 47.4M | 1.1M |
| Financing Cash Flow | -39.4M | -25.9M | -38.5M | -44.3M | 1.2B |
| Net Change In Cash | 42.2M | -112.0M | -104.0M | -252.0M | 1.3B |
| Ending Cash Balance | 1.0B | 995.0M | 1.1B | 1.2B | 1.5B |
| Capex | 125.0M | 289.0M | 73.0M | 60.5M | 30.5M |