AST

Dịch vụ Hàng không Taseco ·HOSE ·2026Q1

▲▲ Improving positively

Operating efficiency is improving Net margin 20.07%, +3.63pp YoY

Price

71,000

Latest close

02 Jun 2026

P/E 10.86x

P/B 3.92x

EPS 6,537

BVPS 18,123

ROE 39.3%

ROA 30.2%

Profit Margin 15.6%

Asset Turnover 1.93x

Equity Mult. 1.30x

TTM · Applied to: EPS, ROE, ROA, Net Margin, Asset Turnover, Debt/Equity

What Is Changing

On a TTM 2026Q1 basis, AST is improving on both revenue and margins, suggesting current growth is backed by both scale and operating efficiency — profit is at an all-time high. The next test will be whether this pace holds as the comparison base gets tougher.

	                            
	                                TTM REVENUE
	                            
	                                    VND 1,898bn
	                                
+38.0%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 381bn
	                                
+68.5%YoY

Metric	2025	2024	2023	2022	2021
Revenue	1,726.9	1,330.0	1,099.7	603.6	154.1
Growth	+30%	+21%	+82%	+292%	—
Net Income	325.8	202.4	150.6	33.8	-128.5
Net Margin	18.86%	15.22%	13.69%	5.60%	-83.41%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	556.0	490.1	458.2	393.8	384.8	351.5	329.2	309.8	339.5	289.2	285.2	262.1
Growth	+13%	+7%	+16%	+2%	+9%	+7%	+6%	-9%	+17%	+1%	+9%	—
Net Income	129.0	84.8	89.7	77.5	73.8	59.6	49.6	43.0	50.1	40.0	37.3	38.9
Net Margin	23.19%	17.30%	19.57%	19.69%	19.17%	16.97%	15.08%	13.88%	14.76%	13.84%	13.08%	14.86%

Drivers of AST's profit

TTM

Net profit attributable to parent increased vs last year, mainly helped by higher gross profit. Supporting and offsetting drivers:

Gross profit ↑ 369.1bn

Associates income ↑ 27.0bn

Selling expenses ↑ 177.0bn

Administrative expenses ↑ 52.6bn

Minority interests ↑ 26.8bn

TTM

Net profit attributable to parent increased vs prior quarter, mainly helped by higher gross profit. Supporting and offsetting drivers:

Gross profit ↑ 122.2bn

Associates income ↑ 11.0bn

Other profit ↑ 5.1bn

Selling expenses ↑ 59.9bn

Administrative expenses ↑ 11.4bn

Tax ↑ 9.6bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 34.6% = 16.4% × 1.63 × 1.29

2026Q1 50.5% = 20.1% × 1.93 × 1.30

ROE rose from 34.6% to 50.5% — all three components improved, with asset turnover contributing the most.

Net margin: 20.1% +3.6pp Asset turnover: 1.93x +0.30x Leverage: 1.30x +0.01x

Is the profit sustainable?

Margins are improving and earnings quality is solid — a durable foundation for ROE.

very positive positive stable watch under pressure

What is driving the margin?

Net margin expanded to 20.07%, rising 3.6pp. Core operating signals are improving as Gross margin rose 2.4pp are enough to offset pressure from SG&A / Revenue rose 0.5pp (in addition, Other profit / Revenue rose 0.2pp added support while Net financial result / Revenue fell 0.6pp remained a drag).

The improvement comes from core operations — this is a high-quality margin expansion.

Profitability trend

Net Margin 20.07% +3.6pp

Gross Margin 64.19% +2.4pp

SG&A / Revenue 42.70% +0.5pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Return on capital rose, but cash cycle lengthened by 4.0 days — working capital needs watching.

Is capital being deployed efficiently?

ROIC expanded to 63.94%, rising 22.6pp. That translates to 63.94 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin rose 3.5pp and capital turnover rose 0.69x, with invested capital holding roughly steady — capital-return quality improved from both sides.

Both margin and turnover contributed — the improvement has a dual foundation and is more durable than a single-pillar expansion.

CAPITAL EFFICIENCY TREND

ROIC 63.94% +22.6pp

NOPAT Margin 20.09% +3.5pp

Capital Turnover 3.18x +0.69x

Average Invested Capital 596.2bn +45.1bn

Balance Sheet

ROIC is improving — the asset structure below shows how capital is being allocated. Balance sheet is exceptionally sound — liabilities at 0.50x equity, with a net cash position equivalent to 0.22x equity.

Inventory ended the period at 113.2bn, roughly 11.0% of total assets.

Over the last 12 months, working capital absorbed 42.4bn of cash, mainly because of higher receivables and higher inventories. Part of that drag was offset by higher payables.

Working Capital Drivers

Receivables increased → lower CFO: −72.5bn

Inventories increased → lower CFO: −28.7bn

Payables increased → higher CFO: +58.9bn

Working Capital Efficiency

Cash conversion cycle lengthened by 4.0 days versus the same period last year. The main moves came from DIO fell 5.3 days, DSO rose 1.6 days, and DPO fell 7.7 days.

Working capital cycle lengthened mainly due to shorter payment timing — may reflect pressure from suppliers.

Watchpoints

Cash conversion cycle is lengthening

CCC is up by +4.0 days, indicating weaker working-capital turnover versus the prior year.

Receivables collection is slowing

DSO increased by +1.6 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 8.2 days +1.6 days

Inventory 51.4 days −5.3 days

Payables 31.7 days −7.7 days

Cash Conversion Cycle 27.9 days +4.0 days

Is financial risk significant?

Financial risk is low — the company has net cash and CFO reached 310.6bn.

Leverage & Liquidity

Leverage looks fairly comfortable, with net debt / equity at -0.22x and interest coverage at 68.24x.

At present, short-term debt accounts for 100.0% of total debt, cash equals 547.7% of debt, and total debt stands at 41.0bn.

Watchpoints

Short-term refinancing pressure is meaningful

Short-term debt accounts for 100.0% of total debt, raising near-term refinancing needs.

Leverage and liquidity trend

Net Debt / Equity -0.22x −0.03x

Interest Coverage 68.24x −66.94x

Cash / Debt 547.7% +158.3pp

Short-term Debt / Total Debt 100.0% 0.0pp

CFO / NI 1.09x −0.55x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 310.6bn in 2025, against investing cash flow of -12.0bn.

Post-investment cash flow was positive +298.6bn. Financing cash flow was negative +220.8bn.

CFO / net income was 1.09x.

After spending +116.6bn on fixed-asset investment, the business generated trailing free cash flow of +206.5bn.

Cash Conversion

CFO TTM 323.1bn +46.4bn

Cash Capex 116.6bn +58.6bn

FCF TTM +206.5bn −12.2bn

Investment Takeaway

The business is entering a broader improvement phase — not just stronger earnings but better operating quality as well. Margin, ROIC, and cash flow all improving shows the business is growing in a cleaner and more efficient way than before. Notably, the improvement trend has been confirmed across multiple cycles, from margin to capital efficiency and cash generation.

Improvement: operating efficiency is getting better, with trailing-12M net margin at 20.07% after expanding 3.6pp versus the same period last year.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	1,726.9	1,330.0	1,099.7	603.9	154.7
Revenue Deductions	—	0.0	0.0	0.3	0.0
Net Revenue	1,726.9	1,330.0	1,099.7	603.6	154.1
Cost of Goods Sold	630.8	516.9	460.4	284.2	0.0
Gross Profit	1,096.1	813.1	639.3	319.4	37.6
Financial Income	15.8	17.9	17.1	9.9	9.5
Financial Expenses	4.1	4.1	4.5	3.9	-3.0
Interest Expense	3.9	2.3	1.9	3.1	-2.4
Share of Associates and Joint Ventures	17.1	-3.2	0.2	-3.4	-21.8
Selling Expenses	517.5	387.9	313.9	163.9	-74.2
General and Administrative Expenses	221.6	179.6	167.8	121.2	-76.1
Operating Profit	385.7	256.3	170.4	36.8	-128.0
Other Income	3.7	4.1	7.9	2.9	0.0
Other Expenses	9.2	4.3	0.7	0.6	0.0
Other Profit	-5.5	-0.2	7.2	2.4	-0.4
Profit Before Tax	380.2	256.1	177.6	39.2	-128.4
Current Income Tax Expense	54.5	53.7	27.0	5.4	-0.1
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	325.8	202.4	150.6	33.8	-128.5
Non-controlling Interest	75.6	53.8	35.0	10.7	-10.5
Profit Attributable to Parent	250.2	148.6	115.6	23.1	-118.0
Earnings per Share	5,359.00	3,179.00	2,473.00	495.00	-2,598.00
Diluted EPS	5,359.00	3,179.00	2,473.00	495.00	-2,623.27

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	688.4	605.8	520.3	350.0	281.6
I. Cash and cash equivalents	212.3	134.5	101.1	72.8	8.7
1. Cash	128.0	107.7	86.2	59.8	0.0
2. Cash equivalents	84.2	26.9	14.9	13.1	0.0
II. Short-term financial investments	212.2	297.2	239.8	143.2	0.0
1. Available for sale securities	—	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0	0.0
3. Held to maturity investments	212.2	297.2	239.8	143.2	0.0
III. Short-term receivables	113.9	62.7	59.0	66.0	83.7
1. Short-term trade accounts receivable	71.1	30.7	26.1	23.2	0.0
2. Short-term prepayments to suppliers	17.5	4.3	5.0	13.6	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	1.5	0.0	0.0	0.0
6. Other short-term receivables	26.1	26.4	28.1	29.5	0.0
7. Provision for short-term doubtful debts (*)	-0.8	-0.2	-0.2	-0.3	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	113.2	86.6	100.6	53.6	28.3
1. Inventories	113.2	86.6	100.6	53.6	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	36.9	24.8	19.8	14.5	12.0
1. Short-term prepayments	8.4	6.3	6.2	4.6	0.0
2. Value added tax to be reclaimed	23.3	18.5	13.6	9.1	0.0
3. Taxes and other receivables from state authorities	5.2	0.0	0.0	0.8	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	—	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	342.9	247.5	241.0	228.9	221.0
I. Long-term receivables	16.0	6.9	6.3	8.1	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	8.5
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other long-term receivables	16.0	6.9	6.3	8.1	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	206.6	136.1	119.7	112.4	116.6
1. Tangible fixed assets	182.7	112.0	111.2	93.6	98.0
- Cost	404.5	312.1	298.7	257.3	0.0
- Accumulated depreciation	-221.8	-200.1	-187.5	-163.7	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	23.9	24.1	8.5	18.8	18.6
- Cost	28.2	28.2	12.3	22.3	0.0
- Accumulated depreciation	-4.3	-4.1	-3.8	-3.5	0.0
III. Investment properties	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	1.3	1.4	0.0	1.2	5.0
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	1.3	1.4	0.0	1.2	0.0
V. Long-term financial investments	83.7	64.0	68.8	61.6	57.2
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	74.1	57.1	60.2	49.7	0.0
3. Investments in other entities	6.4	6.4	6.4	6.4	0.0
4. Provision for diminution in value of long-term investments	-0.0	-1.1	-0.9	0.0	0.0
5. Held to maturity investments	3.2	1.6	3.1	5.5	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	35.3	39.0	46.1	45.6	0.0
1. Long-term prepayments	24.1	21.4	19.7	10.4	0.0
2. Deferred income tax assets	—	0.0	0.0	0.0	0.0
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0	0.0
4. Other long-term assets	—	0.0	0.0	0.0	33.7
5. Goodwill	11.2	17.7	26.4	35.2	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,031.3	853.3	761.2	578.9	502.5
A. LIABILITIES (300=210+330)	344.4	235.0	173.5	123.4	90.1
I. Short -term liabilities	344.4	234.4	171.3	115.5	87.3
1. Short-term trade accounts payable	77.7	69.6	61.4	39.7	22.4
2. Short-term advances from customers	28.5	9.1	2.6	4.5	2.2
3. Taxes and other payables to state authorities	34.0	25.8	15.7	5.7	0.0
4. Payable to employees	81.1	54.9	44.3	26.8	0.0
5. Short-term acrrued expenses	35.2	16.1	14.0	3.7	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	—	0.0	0.0	0.0	0.0
9. Other short-term payables	18.4	5.0	4.1	2.8	0.0
10. Short-term borrowings and financial leases	58.4	46.3	24.1	30.7	45.1
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	11.1	7.6	5.0	1.7	0.0
13. Price stabilization fund	—	0.0	0.0	0.0	0.0
14. Government bonds	—	0.0	0.0	0.0	0.0
II. Long-term liabilities	—	0.6	2.2	7.9	2.7
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	0.0	0.0	0.0	0.0
7. Other long-term liabilities	—	0.0	0.0	0.3	0.0
8. Long-term borrowings and financial leases	—	0.6	2.2	7.6	2.7
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0	0.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	686.8	618.3	587.7	455.5	412.5
I. Owner's equity	686.8	618.3	587.7	455.5	0.0
1. Owner's capital	450.0	450.0	450.0	450.0	412.5
- Common stock with voting right	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
5. Treasury shares	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	—	0.0	0.0	0.0	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	136.9	76.3	55.4	-55.4	-77.0
- Accumulated retained earning at the end of the previous period	8.8	1.4	-55.4	-77.3	40.3
- Undistributed earnings in this period	128.0	75.0	110.7	21.9	-117.3
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	99.9	92.0	82.4	60.8	39.5
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	—	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,031.3	853.3	761.2	578.9	502.5

Item	2025	2024	2023	2022	2021
Profit Before Tax	380.2	256.1	177.6	39.2	-128.4
Depreciation of Fixed Assets and Investment Property	39.7	34.3	35.8	37.4	37.8
Provision (Increase)/Reversal	-0.4	0.1	0.8	-1.2	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.1	0.1	0.1	-0.1	0.0
Gain/Loss from Investment Activities	-30.8	-13.9	-14.2	-4.3	0.0
Interest Expense	3.9	2.3	1.9	3.1	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	392.5	279.0	202.0	74.1	-75.7
Increase/(Decrease) in Receivables	-68.2	-7.7	7.5	22.3	0.0
Increase/(Decrease) in Inventory	-26.6	14.0	-47.0	-23.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	87.9	28.9	45.3	37.5	0.0
Increase/(Decrease) in Prepaid Expenses	-4.8	-1.8	-10.9	-5.4	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-3.9	-2.3	-2.7	-3.4	0.0
Corporate Income Tax Paid	-59.3	-45.2	-14.4	-4.1	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-7.1	-3.8	-1.5	-0.4	0.0
Net Cash Flow from Operating Activities	310.6	261.0	178.3	97.6	-84.3
Payments for Fixed Assets and Other Long-term Assets	-111.7	-44.7	-41.6	-24.0	-15.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.4	4.0	10.2	0.5	0.9
Loans and Purchases of Debt Instruments	-139.4	-259.7	-215.5	-122.2	-213.6
Receipts from Loan Repayments and Sale of Debt Instruments	224.3	202.4	121.2	130.3	273.4
Investments in Other Entities	—	0.0	-10.4	-21.6	-8.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	14.4	15.1	11.1	9.7	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-12.0	-83.0	-124.9	-27.3	51.7
Proceeds from Equity Issuance and Capital Contributions	—	14,000,000,000.00	30,000,000.00	3,500,000,000.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	221.3	131.4	65.4	83.8	110.2
Repayment of Borrowings	-209.7	-110.9	-77.3	-93.4	-107.1
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-232.4	-179.1	-13.2	0.0	-1.8
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-220.8	-144.5	-25.0	-6.1	1.3
Net Cash Flow During the Period	77.7	33.4	28.3	64.2	-3.2
Cash and Cash Equivalents at Beginning of Period	134.5	101.1	72.8	8.7	40.1
FX Difference from Revaluation	0.0	-0.0	-0.1	-0.1	-0.0
Cash and Cash Equivalents at End of Period	212.3	134.5	101.1	72.8	8.7

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	556.0	490.1	458.2	393.8	384.8	351.5	329.2	309.8	339.5	289.2	285.2	262.1
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	556.0	490.1	458.2	393.8	384.8	351.5	329.2	309.8	339.5	289.2	285.2	262.1
Cost of Goods Sold	191.2	181.9	164.0	142.7	142.3	134.9	127.6	121.3	133.1	119.2	117.3	109.4
Gross Profit	364.8	308.3	294.2	251.1	242.5	216.6	201.6	188.5	206.4	170.1	167.9	152.8
Financial Income	4.2	3.8	3.9	4.0	4.1	4.7	4.2	4.2	4.8	4.7	4.5	4.4
Financial Expenses	2.3	1.7	1.4	1.1	-0.1	0.6	1.1	0.5	1.9	1.6	0.8	0.4
Interest Expense	0.9	1.3	1.2	0.7	0.7	0.6	0.7	0.6	0.5	0.3	0.3	0.7
Share of Associates and Joint Ventures	12.7	4.7	6.0	4.6	1.8	0.5	-0.1	-1.0	-2.4	-2.3	-0.1	2.1
Selling Expenses	170.7	146.6	140.3	119.8	110.8	105.2	93.2	91.3	98.2	80.2	84.4	76.6
General and Administrative Expenses	60.3	63.3	55.9	53.5	48.9	37.0	47.1	47.3	48.2	42.2	44.6	40.7
Operating Profit	148.4	105.1	106.5	85.3	88.8	79.0	64.3	52.5	60.5	48.5	42.5	41.6
Other Income	5.9	1.6	1.0	0.8	0.4	-2.3	1.5	2.4	2.6	1.5	2.0	3.3
Other Expenses	0.5	5.8	2.7	0.5	0.1	2.6	1.3	0.2	0.1	0.2	0.2	0.1
Other Profit	5.4	-4.2	-1.8	0.2	0.3	-5.0	0.2	2.2	2.5	1.3	1.8	3.3
Profit Before Tax	153.7	101.0	104.7	85.5	89.0	74.0	64.4	54.7	62.9	49.8	44.2	44.8
Current Income Tax Expense	24.8	16.2	15.1	8.0	15.2	14.4	14.8	11.7	12.8	9.8	6.9	5.9
Deferred Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	129.0	84.8	89.7	77.5	73.8	59.6	49.6	43.0	50.1	40.0	37.3	38.9
Non-controlling Interest	28.0	20.9	20.6	15.0	19.1	17.5	10.7	10.4	15.2	10.8	8.0	7.7
Profit Attributable to Parent	100.9	63.9	69.1	62.6	54.7	42.1	38.9	32.6	34.9	29.2	29.3	31.2
Earnings per Share	2,243.00	1,369.00	1,535.00	1,390.00	1,215.00	906.00	865.00	725.00	776.00	626.00	652.00	692.00
Diluted EPS	2,243.00	1,369.00	1,535.00	1,390.00	1,215.00	3,179.00	865.00	725.00	776.00	626.00	652.00	692.00

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	725.8	688.4	783.8	688.5	641.8	605.8	619.4	579.5	564.9	513.5	473.3	430.7
I. Cash and cash equivalents	224.5	212.3	201.4	158.4	176.9	134.5	131.9	175.2	106.5	101.1	73.1	53.0
1. Cash	144.2	128.0	80.6	112.6	115.0	107.7	76.2	136.3	59.5	86.2	48.1	47.8
2. Cash equivalents	80.2	84.2	120.8	45.9	61.9	26.9	55.7	38.9	47.1	14.9	25.0	5.3
II. Short-term financial investments	228.2	212.2	242.2	249.7	275.9	297.2	284.4	221.3	217.2	239.8	223.5	190.4
1. Available for sale securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Held to maturity investments	228.2	212.2	242.2	249.7	275.9	297.2	284.4	221.3	217.2	239.8	223.5	190.4
III. Short-term receivables	127.1	113.9	207.2	152.8	79.8	62.7	102.9	75.2	135.8	59.0	74.9	91.1
1. Short-term trade accounts receivable	56.5	71.1	123.9	67.8	28.5	30.7	38.4	35.3	21.0	26.1	29.7	40.9
2. Short-term prepayments to suppliers	31.5	17.5	59.6	57.4	23.4	4.3	16.0	9.2	10.0	5.0	11.4	16.1
3. Short-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	—	—	1.5	1.5	1.5	22.5	5.0	78.0	0.0	0.0	0.0
6. Other short-term receivables	39.9	26.1	23.9	26.3	26.6	26.4	26.2	25.9	27.0	28.1	34.1	34.4
7. Provision for short-term doubtful debts (*)	-0.8	-0.8	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2	-0.3	-0.3
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	110.1	113.2	96.7	96.1	81.4	86.6	77.6	85.2	82.1	93.7	84.8	79.4
1. Inventories	110.1	113.2	96.7	96.1	81.4	86.6	77.6	85.2	82.1	93.7	84.8	79.4
2. Provision for decline in value of inventories	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	35.9	36.9	36.3	31.5	27.7	24.8	22.6	22.6	23.2	19.8	17.0	16.8
1. Short-term prepayments	11.4	8.4	7.6	9.4	7.2	6.3	5.0	6.7	8.2	6.2	5.6	6.3
2. Value added tax to be reclaimed	23.5	23.3	25.4	18.9	20.3	18.5	17.5	15.8	14.9	13.6	11.4	10.4
3. Taxes and other receivables from state authorities	0.9	5.2	3.3	3.2	0.2	0.0	0.0	0.0	0.1	0.0	0.0	0.0
4. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	0.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	345.9	342.9	322.4	284.5	249.1	247.5	221.1	226.5	230.7	241.0	233.4	228.1
I. Long-term receivables	11.4	16.0	11.7	7.5	7.8	6.9	6.4	6.6	6.3	6.3	6.2	7.8
1. Long-term trade receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	11.4	16.0	11.7	7.5	7.8	6.9	6.4	6.6	6.3	6.3	6.2	7.8
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	202.2	206.6	196.0	163.8	131.7	136.1	113.4	114.3	116.4	119.7	109.8	112.6
1. Tangible fixed assets	180.7	182.7	172.0	139.7	107.6	112.0	105.0	105.8	107.8	111.2	101.3	104.0
- Cost	412.6	—	—	—	—	312.1	299.1	295.6	296.1	298.7	283.1	279.1
- Accumulated depreciation	-231.9	—	—	—	—	-200.1	-194.2	-189.8	-188.3	-187.5	-181.8	-175.1
2. Financial leased fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	21.5	23.9	24.0	24.0	24.1	24.1	8.5	8.5	8.5	8.5	8.5	8.6
- Cost	25.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-4.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	3.6	1.3	0.7	2.0	2.1	1.4	0.4	0.6	0.0	0.0	0.2	0.1
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	3.6	1.3	0.7	2.0	2.1	1.4	0.4	0.6	0.0	0.0	0.2	0.1
V. Long-term financial investments	94.1	83.7	79.5	73.6	68.7	64.0	62.7	62.6	63.5	68.8	72.1	61.1
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	86.9	74.1	69.5	63.5	58.8	57.1	56.6	56.7	57.8	60.2	62.5	52.2
3. Investments in other entities	6.4	6.4	6.4	6.4	6.4	6.4	6.4	6.4	6.4	6.4	6.4	6.4
4. Provision for diminution in value of long-term investments	-0.7	-0.0	—	—	—	-1.1	-1.6	-1.7	-2.1	-0.9	0.0	0.0
5. Held to maturity investments	1.5	3.2	3.6	3.7	3.5	1.6	1.3	1.1	1.4	3.1	3.1	2.5
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	34.7	35.3	34.4	37.6	38.7	39.0	38.1	42.4	20.3	19.7	16.5	15.6
1. Long-term prepayments	23.9	24.1	22.8	24.3	23.2	21.4	18.2	20.3	20.3	19.7	16.5	15.6
2. Deferred income tax assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term equipment, supplies, spare parts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Goodwill	10.8	11.2	11.7	13.3	15.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	17.7	19.9	22.0	24.2	26.4	28.6	30.8
TOTAL ASSETS (280=100+200)	1,071.7	1,031.3	1,106.2	973.0	890.9	853.3	840.5	806.0	795.6	754.4	706.7	658.8
A. LIABILITIES (300=210+330)	256.1	344.4	341.8	298.1	199.0	235.0	190.9	192.4	180.3	166.7	146.9	130.4
I. Short -term liabilities	256.1	344.4	341.8	298.1	199.0	234.4	189.4	190.0	177.9	164.5	145.9	129.2
1. Short-term trade accounts payable	54.7	77.7	53.9	66.7	63.3	69.6	50.7	52.4	50.3	61.4	59.2	52.7
2. Short-term advances from customers	27.4	28.5	7.7	10.8	14.0	9.1	0.9	5.2	6.1	2.6	1.4	2.5
3. Dividends and profits payable	0.0	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	23.4	34.0	29.6	26.8	17.0	25.8	19.2	19.7	14.5	15.7	18.5	15.4
4. Payable to employees	50.5	81.1	64.2	47.2	30.8	54.9	49.4	38.8	27.2	44.3	41.9	32.9
5. Short-term acrrued expenses	48.4	35.2	89.3	70.0	19.2	16.1	20.1	21.5	19.4	7.2	9.5	9.1
6. Short-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	5.8	18.4	5.4	6.4	5.2	5.0	4.4	4.0	26.6	4.1	3.5	3.5
10. Short-term borrowings and financial leases	41.0	58.4	88.6	67.0	45.4	46.3	42.8	45.7	30.7	24.1	10.8	12.1
11. Provision for short-term liabilities	0.3	—	0.3	0.3	0.2	0.0	0.5	0.3	0.2	0.0	0.2	0.2
12.. Bonus and welfare fund	4.6	11.1	2.9	2.9	3.7	7.6	1.3	2.4	2.9	5.0	0.8	0.8
13. Price stabilization fund	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	—	—	—	—	—	0.6	1.5	2.4	2.4	2.2	1.0	1.3
1. Long-term trade payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	—	—	—	—	—	0.6	1.5	2.4	2.4	2.2	1.0	1.3
9. Convertible bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	815.5	686.8	764.4	674.9	691.9	618.3	649.6	613.5	615.3	587.7	559.8	528.4
I. Owner's equity	815.5	686.8	764.4	674.9	691.9	618.3	649.6	613.5	615.3	587.7	559.8	528.4
1. Owner's capital	450.0	450.0	450.0	450.0	450.0	450.0	450.0	450.0	450.0	450.0	450.0	450.0
- Common stock with voting right	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00	450,000,000,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Fund to support corporate restructuring	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	237.7	136.9	194.7	125.8	130.9	76.3	107.4	68.6	90.1	55.4	30.5	1.3
- Accumulated retained earning at the end of the previous period	137.0	8.8	8.8	8.8	76.3	1.4	1.4	1.4	55.4	-55.4	-55.4	-55.4
- Undistributed earnings in this period	100.8	128.0	185.8	116.9	54.5	75.0	106.0	67.3	34.8	110.7	85.8	56.6
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	127.8	99.9	119.7	99.2	111.1	92.0	92.2	94.9	75.1	82.4	79.3	77.1
14. Financial reserves	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,071.7	1,031.3	1,106.2	973.0	890.9	853.3	840.5	806.0	795.6	754.4	706.7	658.8

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Profit Before Tax	153.7	101.0	104.7	85.5	89.0	74.0	64.4	54.7	62.9	49.8	44.2	44.8
Depreciation of Fixed Assets and Investment Property	10.6	10.4	10.7	10.0	8.7	8.6	8.3	8.6	8.8	9.2	9.0	8.9
Provision (Increase)/Reversal	0.9	0.5	-0.0	0.1	-0.9	-1.0	0.0	-0.2	1.3	0.6	0.1	-0.5
FX Gain/Loss from Revaluation of Monetary Items	-0.0	-0.0	-0.1	0.0	0.0	0.2	0.1	-0.2	-0.0	-0.0	0.1	-0.1
Gain/Loss from Investment Activities	-22.7	-8.3	-9.3	-8.1	-5.1	-4.4	-3.8	-3.3	-2.4	-1.3	-3.6	-6.1
Interest Expense	0.9	1.3	1.2	0.7	0.7	0.6	0.7	0.6	0.5	0.3	0.3	0.7
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	143.4	104.8	107.2	88.3	92.3	77.9	69.8	60.2	71.1	58.6	50.1	47.8
Increase/(Decrease) in Receivables	1.1	91.7	-66.0	-99.3	5.5	22.2	-12.9	-14.6	-2.5	18.4	4.0	-9.4
Increase/(Decrease) in Inventory	3.1	-16.5	-0.6	-14.7	5.2	-9.0	7.6	-3.1	18.5	-15.7	-5.4	-24.2
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-36.7	21.1	-3.8	78.3	-7.6	22.2	8.8	16.0	-18.1	5.0	8.8	31.4
Increase/(Decrease) in Prepaid Expenses	-2.7	-2.1	3.3	-3.3	-2.7	-4.4	3.8	1.5	-2.6	-3.8	-0.1	-5.4
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-0.9	-1.4	-1.2	-0.7	-0.7	-0.6	-0.7	-0.6	-0.4	-0.3	-0.5	-0.7
Corporate Income Tax Paid	-22.8	-21.8	-8.7	-6.3	-22.5	-8.4	-16.0	-7.2	-13.7	-7.6	-3.9	-0.1
Other Operating Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-6.7	-1.7	-0.2	-1.0	-4.1	0.2	-1.2	-0.2	-2.6	-0.2	-0.2	-0.2
Net Cash Flow from Operating Activities	77.8	174.1	30.0	41.2	65.3	100.1	59.2	52.0	49.6	54.5	52.8	39.3
Payments for Fixed Assets and Other Long-term Assets	-23.7	-28.1	-20.4	-44.4	-18.7	-22.7	-9.8	-6.8	-5.4	-16.0	-7.9	-8.8
Proceeds from Disposal of Fixed Assets and Long-term Assets	6.4	0.4	0.0	—	—	0.0	0.8	1.3	1.9	0.0	10.0	0.2
Loans and Purchases of Debt Instruments	-72.0	0.4	-60.4	-10.2	-69.3	-29.0	-97.0	-35.1	-98.6	-54.5	-95.2	-19.4
Receipts from Loan Repayments and Sale of Debt Instruments	61.5	30.0	69.5	64.2	60.6	34.0	19.2	104.2	45.0	34.1	65.4	-5.3
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	-10.4
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	5.9	2.4	2.6	3.5	5.8	2.5	1.7	4.8	6.1	3.0	2.1	2.1
Increase/(Decrease) in Term Deposits	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-21.9	5.0	-8.7	13.1	-21.5	-15.2	-85.1	68.4	-51.0	-33.5	-25.5	-41.6
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	0.00	0.00	14,000,000,000.00	0.00	0.00	0.00	0.00
Share Repurchases	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	23.8	49.4	74.8	58.5	38.5	36.2	29.2	34.8	31.2	28.5	18.7	18.3
Repayment of Borrowings	-41.3	-79.6	-53.2	-37.0	-40.0	-33.7	-33.0	-19.8	-24.4	-13.9	-20.3	-19.7
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	5.7	-5.7	0.0
Dividends Paid	-14.4	-138.1	0.0	-94.4	—	-84.7	-13.4	-80.9	0.0	-13.2	0.0	0.0
Other Financing Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-31.8	-168.2	21.6	-72.8	-1.4	-82.1	-17.3	-51.9	6.7	7.1	-7.3	-1.4
Net Cash Flow During the Period	24.1	10.9	42.9	-18.5	42.4	2.8	-43.2	68.5	5.3	28.1	20.0	-3.7
Cash and Cash Equivalents at Beginning of Period	200.3	201.4	158.4	176.9	134.5	101.1	101.1	101.1	101.1	72.8	72.8	72.8
FX Difference from Revaluation	0.1	0.0	0.0	0.0	0.0	-0.1	-0.1	0.1	0.1	-0.1	0.1	0.1
Cash and Cash Equivalents at End of Period	224.5	212.3	201.4	158.4	176.9	134.5	131.9	175.2	106.5	101.1	73.1	53.0

Explore Other Stocks In The Same Sector

VTP, ASG, EMS, VNF, VNL

Need support? If you need support with content lookup or want to provide feedback about content on the website, please contact us below.

AST

What Is Changing

Drivers of AST's profit

Financial Highlights

Is the profit sustainable?

What is driving the margin? ▲▲

Is capital being used efficiently?

Is capital being deployed efficiently? ▲▲

Balance Sheet ▼

Working Capital Efficiency ▼

Is financial risk significant?

Leverage & Liquidity ▲

Cash Flow ▼

Investment Takeaway

Statement Data

What is driving the margin?

Is capital being deployed efficiently?

Balance Sheet

Working Capital Efficiency

Leverage & Liquidity

Cash Flow