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Item	2025	2024	2023	2022	2021
Revenue	2,818.3	2,749.3	2,725.2	3,231.4	2,979.8
Revenue Deductions	161.7	139.7	151.9	106.3	0.0
Net Revenue	2,656.6	2,609.6	2,573.3	3,125.1	2,979.8
Cost of Goods Sold	2,461.0	2,617.1	2,452.4	2,810.5	0.0
Gross Profit	195.6	-7.5	120.9	314.5	327.7
Financial Income	0.6	0.4	0.7	1.5	0.8
Financial Expenses	68.3	77.2	92.0	55.9	-60.8
Interest Expense	64.9	68.5	83.9	53.3	-58.8
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	73.4	81.3	71.4	113.4	-113.5
General and Administrative Expenses	86.0	90.8	100.1	113.1	-107.6
Operating Profit	-31.5	-256.4	-141.9	33.7	46.5
Other Income	77.0	59.0	49.6	38.4	0.0
Other Expenses	14.0	4.4	3.9	4.0	0.0
Other Profit	63.1	54.6	45.7	34.4	15.9
Profit Before Tax	31.6	-201.8	-96.3	68.1	62.4
Current Income Tax Expense	—	0.0	0.0	14.1	-12.4
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	31.6	-201.8	-96.3	53.9	50.0
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	31.6	-201.8	-96.3	53.9	50.0
Earnings per Share	256.00	-1,633.00	-779.00	436.00	405.80
Diluted EPS	255.74	-1,633.18	-779.01	436.47	404.79

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	820.5	689.9	935.0	979.2	576.3
I. Cash and cash equivalents	153.1	100.2	134.9	138.5	116.5
1. Cash	153.1	100.2	134.9	138.5	0.0
2. Cash equivalents	—	0.0	0.0	0.0	0.0
II. Short-term financial investments	—	0.0	0.0	50.0	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	—	0.0	0.0	50.0	0.0
III. Short-term receivables	119.9	86.2	104.8	128.2	35.9
1. Short-term trade accounts receivable	48.6	35.0	49.7	38.5	0.0
2. Short-term prepayments to suppliers	9.2	1.6	1.1	53.7	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	—	0.0	0.0	0.0	0.0
6. Other short-term receivables	62.1	49.6	54.0	36.0	0.0
7. Provision for short-term doubtful debts (*)	—	0.0	0.0	0.0	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	525.3	477.0	655.5	628.0	382.3
1. Inventories	525.3	477.0	655.5	628.0	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	22.2	26.5	39.8	34.5	11.6
1. Short-term prepayments	12.6	12.4	10.5	8.7	0.0
2. Value added tax to be reclaimed	9.6	13.9	25.4	25.7	0.0
3. Taxes and other receivables from state authorities	0.1	0.1	3.9	0.1	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)	2,228.8	2,404.3	2,563.6	2,345.3	2,481.5
I. Long-term receivables	14.7	13.4	12.2	10.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	9.2
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	14.7	13.4	12.2	10.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	1,991.2	2,216.8	2,013.2	2,180.1	2,328.2
1. Tangible fixed assets	1,988.4	2,213.0	2,008.4	2,178.3	2,327.5
- Cost	7,312.8	7,304.1	6,866.4	6,827.9	0.0
- Accumulated depreciation	-5,324.4	-5,091.1	-4,858.0	-4,649.6	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	2.8	3.7	4.8	1.9	0.7
- Cost	8.3	8.2	8.2	4.3	0.0
- Accumulated depreciation	-5.4	-4.4	-3.3	-2.5	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	172.1	117.9	487.6	100.9	93.0
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	172.1	117.9	487.6	100.9	0.0
V. Long-term financial investments	—	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	0.0	0.0
3. Investments in other entities	—	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	0.0	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	50.8	56.3	50.7	54.3	0.0
1. Long-term prepayments	50.8	56.3	50.7	54.3	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	51.2
5. Goodwill	—	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	3,049.4	3,094.2	3,498.6	3,324.6	3,057.8
A. LIABILITIES (300=210+330)	1,951.3	2,027.8	2,230.4	1,902.7	1,619.5
I. Short -term liabilities	1,817.4	1,851.4	2,062.6	1,859.6	1,595.8
1. Short-term trade accounts payable	743.1	786.6	968.9	811.5	585.2
2. Short-term advances from customers	40.8	29.4	22.7	45.0	45.7
3. Taxes and other payables to state authorities	27.7	5.5	6.8	5.5	0.0
4. Payable to employees	1.6	1.7	1.0	1.0	0.0
5. Short-term acrrued expenses	33.6	21.6	34.6	19.8	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	21.3	30.5	40.2	8.0	0.0
10. Short-term borrowings and financial leases	949.1	975.7	987.1	966.4	873.2
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.2	0.3	1.5	2.4	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	134.0	176.4	167.8	43.1	23.7
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	0.0	0.0
8. Long-term borrowings and financial leases	120.1	163.9	156.5	33.1	14.5
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	13.8	12.5	11.3	10.0	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)	1,098.0	1,066.4	1,268.2	1,421.9	1,438.3
I. Owner's equity	1,098.0	1,066.4	1,268.2	1,421.9	0.0
1. Owner's capital	1,235.6	1,235.6	1,235.6	1,235.6	1,438.3
- Common stock with voting right	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00
- 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	122.8	122.8	122.8	122.8	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	-260.3	-291.9	-90.2	63.5	88.3
- Accumulated retained earning at the end of the previous period	-291.9	-90.2	6.1	9.9	38.5
- Undistributed earnings in this period	31.6	-201.8	-96.3	53.6	49.8
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	—	0.0	0.0	0.0	0.0
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)	3,049.4	3,094.2	3,498.6	3,324.6	3,057.8

Item	2025	2024	2023	2022	2021
Profit Before Tax	31.6	-201.8	-96.3	68.1	62.4
Depreciation of Fixed Assets and Investment Property	234.5	234.8	209.9	205.7	206.0
Provision (Increase)/Reversal	1.3	1.3	1.2	0.9	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.3	0.0	1.4	0.0	0.0
Gain/Loss from Investment Activities	-0.4	-0.4	-0.6	-0.4	0.0
Interest Expense	64.9	68.5	83.9	53.3	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	332.1	102.3	199.6	327.5	311.2
Increase/(Decrease) in Receivables	-31.0	32.6	17.8	-62.6	0.0
Increase/(Decrease) in Inventory	-48.3	178.4	-27.5	-245.6	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	2.6	-89.3	38.7	168.8	0.0
Increase/(Decrease) in Prepaid Expenses	5.3	-7.5	1.8	3.2	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-64.7	-69.8	-83.9	-50.9	0.0
Corporate Income Tax Paid	—	0.0	0.0	-22.0	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	—	-1.1	-21.2	-30.6	0.0
Net Cash Flow from Operating Activities	196.1	145.7	125.2	87.7	263.4
Payments for Fixed Assets and Other Long-term Assets	-64.3	-171.5	-315.9	-108.4	-41.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	0.0	0.0	-50.0	-30.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	0.0	50.0	30.0	47.0
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	0.4	0.4	0.6	0.5	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	-63.9	-171.1	-265.3	-127.9	-24.0
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	2,219.6	2,266.5	2,194.9	2,356.3	2,386.4
Repayment of Borrowings	-2,289.9	-2,270.4	-2,050.8	-2,244.6	-2,622.9
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-9.0	-5.5	-7.6	-49.4	0.0
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	-79.3	-9.4	136.5	62.3	-236.4
Net Cash Flow During the Period	52.9	-34.8	-3.6	22.1	44.4
Cash and Cash Equivalents at Beginning of Period	100.2	134.9	138.5	116.5	113.5
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	153.1	100.2	134.9	138.5	116.5

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	797.3	639.8	900.0	556.8	713.9	647.5	808.2	670.7	728.0	542.4	726.7	572.8
Revenue Deductions	48.5	31.8	51.3	35.1	41.7	33.7	38.4	37.5	36.3	27.5	40.4	28.2
Net Revenue	748.8	608.0	848.7	521.8	672.2	613.9	769.8	633.2	691.7	515.0	686.3	544.6
Cost of Goods Sold	683.0	540.1	767.3	482.0	620.4	591.3	793.0	622.3	683.5	515.8	669.4	524.5
Gross Profit	65.8	67.9	81.4	39.8	51.8	22.6	-23.3	10.9	8.2	-0.8	16.9	20.1
Financial Income	-0.0	0.1	0.4	0.0	0.2	0.0	0.4	0.0	0.0	0.0	0.1	0.0
Financial Expenses	21.3	18.6	17.8	16.5	16.8	17.2	18.6	17.8	20.0	20.8	19.0	24.9
Interest Expense	20.2	17.9	16.3	15.9	15.9	16.7	16.3	16.9	17.1	18.2	17.9	20.6
Share of Associates and Joint Ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	18.9	24.7	20.3	16.7	15.8	20.6	19.6	17.9	16.8	23.1	18.3	16.7
General and Administrative Expenses	21.3	31.1	27.1	14.8	22.4	21.7	28.5	18.0	22.6	20.5	27.4	22.1
Operating Profit	4.2	-6.5	16.6	-8.2	-2.9	-37.0	-89.5	-42.8	-51.2	-65.2	-47.7	-43.6
Other Income	13.8	13.9	32.0	18.7	16.7	9.6	14.7	17.6	16.1	10.7	16.4	12.7
Other Expenses	6.9	4.4	11.0	0.4	1.4	1.2	1.0	1.1	1.3	1.0	0.9	0.9
Other Profit	6.9	9.5	21.0	18.3	15.3	8.5	13.6	16.5	14.7	9.7	15.5	11.8
Profit Before Tax	11.1	3.0	37.6	10.1	12.4	-28.5	-75.9	-26.2	-36.5	-55.5	-32.1	-31.7
Current Income Tax Expense	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Income Tax Expense	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	11.1	3.0	37.6	10.1	12.4	-28.5	-75.9	-26.2	-36.5	-55.5	-32.1	-31.7
Non-controlling Interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	11.1	3.0	37.6	10.1	12.4	-28.5	-75.9	-26.2	-36.5	-55.5	-32.1	-31.7
Earnings per Share	90.00	25.00	305.00	81.00	101.00	-231.00	-614.00	-212.00	-295.00	-449.00	-260.00	-257.00
Diluted EPS	89.78	24.63	304.61	81.50	100.57	-230.94	-614.33	-212.25	-295.24	-449.02	-260.07	-256.93

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	828.2	991.7	820.5	934.6	913.9	883.5	689.9	832.5	827.2	913.6	935.6	1,066.3
I. Cash and cash equivalents	26.4	75.4	153.1	37.7	79.3	59.1	100.2	32.6	53.7	54.1	134.9	41.8
1. Cash	26.4	75.4	153.1	37.7	79.3	59.1	100.2	32.6	53.7	54.1	134.9	41.8
2. Cash equivalents	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Available for sale securities	—	—	—	—	—	—	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
3. Held to maturity investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	257.5	274.8	119.9	257.2	283.1	280.4	86.2	277.6	250.5	215.4	102.3	269.0
1. Short-term trade accounts receivable	169.4	207.8	48.6	160.0	187.8	203.7	35.0	189.1	157.6	128.4	49.7	185.9
2. Short-term prepayments to suppliers	12.9	13.9	9.2	9.5	17.1	2.3	1.6	8.0	7.9	5.8	1.7	7.7
3. Short-term inter-company receivables	—	—	—	—	—	—	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
5. Short-term loan receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	75.2	53.1	62.1	87.7	78.1	74.4	49.6	80.6	85.0	81.3	50.9	75.4
7. Provision for short-term doubtful debts (*)	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	518.1	619.5	525.3	607.5	522.4	521.7	477.0	491.1	490.9	599.8	658.6	707.1
1. Inventories	518.1	619.5	525.3	607.5	522.4	521.7	477.0	491.1	490.9	599.8	658.6	707.1
2. Provision for decline in value of inventories	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	26.2	22.0	22.2	32.1	29.1	22.3	26.5	31.1	32.0	44.3	39.7	48.4
1. Short-term prepayments	16.5	12.3	12.6	21.0	16.6	8.9	12.4	21.4	20.3	16.2	10.5	19.5
2. Value added tax to be reclaimed	9.6	9.6	9.6	9.7	12.4	13.3	13.9	9.6	11.6	24.2	25.3	28.8
3. Taxes and other receivables from state authorities	0.2	0.2	0.1	1.5	0.1	0.1	0.1	0.1	0.1	3.8	3.9	0.1
4. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	2,221.7	2,236.9	2,228.4	2,317.6	2,356.6	2,356.3	2,404.3	2,492.5	2,579.6	2,615.3	2,562.5	2,551.8
I. Long-term receivables	16.0	16.0	14.7	14.7	14.7	14.7	13.4	13.4	13.4	12.2	12.2	11.3
1. Long-term trade receivables	—	—	—	—	—	—	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
3. Capital at inter-company	—	—	—	—	—	—	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
5. Long-term loan receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	16.0	16.0	14.7	14.7	14.7	14.7	13.4	13.4	13.4	12.2	12.2	11.3
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	1,892.2	1,941.0	1,990.8	2,048.0	2,103.5	2,158.0	2,216.8	2,254.8	2,331.6	2,390.7	2,013.2	2,059.1
1. Tangible fixed assets	1,889.8	1,938.3	1,988.0	2,045.1	2,100.3	2,154.6	2,213.0	2,250.8	2,327.4	2,386.1	2,008.4	2,054.1
- Cost	7,329.8	7,320.9	—	—	—	—	7,304.1	7,283.2	7,302.5	7,302.1	6,866.4	6,859.7
- Accumulated depreciation	-5,440.0	-5,382.5	—	—	—	—	-5,091.1	-5,032.4	-4,975.1	-4,916.0	-4,858.0	-4,805.6
2. Financial leased fixed assets	—	—	—	—	—	—	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
- Accumulated depreciation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	2.4	2.7	2.8	3.0	3.2	3.5	3.7	4.0	4.3	4.5	4.8	5.0
- Cost	8.4	8.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-6.0	-5.7	—	—	—	—	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
- Cost	—	—	—	—	—	—	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
IV. Long-term assets in progress	230.5	226.0	172.1	202.8	187.6	136.1	117.9	161.7	164.4	157.4	486.5	422.3
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	230.5	226.0	172.1	202.8	187.6	136.1	117.9	161.7	164.4	157.4	486.5	422.3
V. Long-term financial investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Investments in other entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	82.9	53.8	50.8	52.1	50.9	47.4	56.3	62.6	70.2	55.1	50.7	59.2
1. Long-term prepayments	82.9	53.8	50.8	52.1	50.9	47.4	56.3	62.6	70.2	55.1	50.7	59.2
2. Deferred income tax assets	—	—	—	—	—	—	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
4. Other long-term assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Goodwill	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	3,049.9	3,228.5	3,049.0	3,252.3	3,270.6	3,239.8	3,094.2	3,324.9	3,406.8	3,528.9	3,498.1	3,618.1
A. LIABILITIES (300=210+330)	1,937.8	2,127.5	1,950.9	2,191.9	2,220.3	2,202.0	2,023.8	2,178.6	2,230.6	2,316.2	2,229.9	2,280.9
I. Short -term liabilities	1,825.0	2,003.9	1,817.0	2,047.3	2,065.1	2,036.2	1,847.4	1,990.8	2,030.9	2,149.4	2,062.2	2,137.7
1. Short-term trade accounts payable	693.4	917.2	742.6	1,009.5	1,003.0	885.3	786.6	847.8	950.9	1,006.3	968.4	960.5
2. Short-term advances from customers	122.5	21.4	40.8	22.5	13.7	7.9	29.4	31.2	42.3	18.6	22.7	12.5
3. Dividends and profits payable	0.0	15.0	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	22.2	7.4	27.8	5.6	4.9	8.8	5.5	7.8	6.4	10.3	6.8	9.6
4. Payable to employees	2.1	2.1	1.6	1.1	1.6	2.0	1.7	1.0	1.4	1.8	1.0	2.9
5. Short-term acrrued expenses	46.2	49.8	33.6	36.4	30.7	51.1	17.6	27.6	43.0	41.6	34.6	37.4
6. Short-term inter-company payables	—	—	—	—	—	—	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
8. Short-term unearned revenue	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	13.3	10.1	21.3	39.0	38.4	38.3	30.5	47.1	67.8	66.6	40.3	12.3
10. Short-term borrowings and financial leases	925.0	980.7	949.1	933.0	972.5	1,042.5	975.7	1,028.0	918.5	1,003.4	987.1	1,099.6
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.4	0.7	0.9	1.5	2.8
13. Price stabilization fund	—	—	—	—	—	—	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
II. Long-term liabilities	112.8	123.6	134.0	144.6	155.2	165.8	176.4	187.8	199.7	166.8	167.8	143.2
1. Long-term trade payables	—	—	—	—	—	—	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
3. Long-term acrrued expenses	—	—	—	—	—	—	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
5. Long-term inter-company payables	—	—	—	—	—	—	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
7. Other long-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	98.3	109.2	120.1	131.1	142.0	153.0	163.9	175.6	187.8	155.2	156.5	132.2
9. Convertible bonds	—	—	—	—	—	—	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
11. Deferred income tax liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	14.5	14.4	13.8	13.5	13.2	12.8	12.5	12.2	11.9	11.6	11.3	11.0
13. Fund for technology development	—	—	—	—	—	—	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
B. OWNER'S EQUITY (400=410+430)	1,112.1	1,101.1	1,098.0	1,060.4	1,050.3	1,037.9	1,070.4	1,146.3	1,176.2	1,212.7	1,268.2	1,337.2
I. Owner's equity	1,112.1	1,101.1	1,098.0	1,060.4	1,050.3	1,037.9	1,070.4	1,146.3	1,176.2	1,212.7	1,268.2	1,337.2
1. Owner's capital	1,235.6	1,235.6	1,235.6	1,235.6	1,235.6	1,235.6	1,235.6	1,235.6	1,235.6	1,235.6	1,235.6	1,235.6
- Common stock with voting right	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00	1,235,598,580,000.00
- Preferred stock	—	—	—	—	—	—	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
3. Convertible bond option	—	—	—	—	—	—	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
5. Treasury shares	—	—	—	—	—	—	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
7. Foreign exchange differences	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	122.8	122.8	122.8	122.8	122.8	122.8	122.8	122.8	122.8	122.8	122.8	122.8
9. Fund to support corporate restructuring	—	—	—	—	—	—	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
11. Undistributed earnings after tax	-246.2	-257.3	-260.3	-298.0	-308.1	-320.5	-287.9	-212.0	-182.1	-145.6	-90.1	-21.2
- Accumulated retained earning at the end of the previous period	-260.3	-260.3	-291.9	-291.9	-291.9	-291.9	-90.2	-90.2	-90.2	-90.2	6.1	43.2
- Undistributed earnings in this period	14.1	3.0	31.6	-6.0	-16.1	-28.5	-197.8	-121.9	-92.0	-55.5	-96.2	-64.3
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Financial reserves	—	—	—	—	—	—	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
1. Subsidized not-for-profit funds	—	—	—	—	—	—	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
C. MINORITY'S INTEREST	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	3,049.9	3,228.5	3,049.0	3,252.3	3,270.6	3,239.8	3,094.2	3,324.9	3,406.8	3,528.9	3,498.1	3,618.1

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Profit Before Tax	11.1	3.0	37.6	10.1	12.4	-28.5	-75.9	-26.2	-40.2	-55.5	-32.2	-31.7
Depreciation of Fixed Assets and Investment Property	57.7	58.3	58.4	58.6	58.7	58.7	58.9	57.7	59.4	58.9	52.6	53.6
Provision (Increase)/Reversal	0.2	0.5	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
FX Gain/Loss from Revaluation of Monetary Items	0.1	-0.0	0.0	0.1	0.1	—	-0.2	-0.4	-0.9	1.5	-0.5	1.7
Gain/Loss from Investment Activities	-0.0	-0.0	-0.2	-0.0	-0.2	-0.0	-0.4	-0.0	-0.0	-0.0	-0.4	-0.0
Interest Expense	20.2	17.9	16.3	15.9	15.9	16.7	16.3	16.9	17.1	18.2	17.9	20.6
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	—	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
Amortization of Goodwill	—	—	—	—	—	—	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
Operating Profit Before Changes in Working Capital	89.3	79.7	112.6	85.0	87.4	47.2	-1.0	48.3	35.7	23.3	37.9	44.4
Increase/(Decrease) in Receivables	-26.2	-156.2	138.4	27.2	-1.8	-194.8	187.0	-31.1	-14.0	-109.3	180.4	11.5
Increase/(Decrease) in Inventory	101.4	-94.2	82.3	-85.1	-0.7	-44.7	14.1	2.1	106.6	55.6	51.6	-24.4
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-64.5	97.0	-195.5	21.9	70.3	106.0	-40.8	-108.7	46.3	9.9	3.1	21.8
Increase/(Decrease) in Prepaid Expenses	-33.3	-2.8	9.7	-5.7	-11.1	12.4	15.3	6.5	-19.2	-10.1	17.5	7.0
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-20.4	-17.9	-16.1	-15.7	-16.3	-16.6	-16.2	-16.9	-18.5	-18.1	-14.4	-23.1
Corporate Income Tax Paid	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	—	—	—	—	—	—	-0.0	-0.3	-0.2	-0.6	-0.3	0.0
Net Cash Flow from Operating Activities	46.3	-94.3	131.3	27.8	127.6	-90.6	158.5	-100.2	136.7	-49.2	275.8	37.2
Payments for Fixed Assets and Other Long-term Assets	-13.5	-4.1	-12.3	-18.9	-26.7	-6.3	-21.8	-18.3	-84.8	-46.6	-87.1	-150.5
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	0.0	0.0	0.2	0.0	0.2	0.0	0.4	0.0	0.0	0.0	0.4	0.0
Increase/(Decrease) in Term Deposits	—	—	—	—	—	—	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
Other Investing Receipts	—	—	—	—	—	—	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
Net Cash Flow from Investing Activities	-13.5	-4.1	-12.1	-18.9	-26.5	-6.3	-21.4	-18.3	-84.8	-46.6	-86.8	-150.5
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Share Repurchases	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	532.4	362.4	760.1	478.1	507.4	474.0	669.9	646.4	521.9	428.3	506.4	563.2
Repayment of Borrowings	-599.2	-341.7	-754.9	-528.6	-588.3	-418.1	-733.9	-549.0	-574.2	-413.3	-594.7	-455.3
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-15.0	—	-9.0	-0.0	0.0	-0.0	-5.5	0.0	-0.0	-0.0	-7.6	-0.0
Other Financing Receipts	—	—	—	—	—	—	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
Net Cash Flow from Financing Activities	-81.7	20.7	-3.8	-50.5	-80.9	55.8	-69.5	97.4	-52.3	15.0	-95.9	107.9
Net Cash Flow During the Period	-49.0	-77.8	115.4	-41.6	20.2	-41.1	67.6	-21.1	-0.4	-80.8	93.1	-5.4
Cash and Cash Equivalents at Beginning of Period	75.4	153.1	37.7	79.3	59.1	100.2	134.9	134.9	134.9	134.9	138.5	138.5
FX Difference from Revaluation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	26.4	75.4	153.1	37.7	79.3	59.1	100.2	32.6	53.7	54.1	134.9	41.8

Giải mã BCTC

Điểm nhấn trong BCTC của CTCP Xi măng VICEM Bút Sơn (BTS) mà bạn nên biết

Q2/2026 On a TTM 2026Q2 basis, BTS has not accelerated revenue sharply, but profitability is improving visibly — this marks a reversal from the difficult phase before.

Want to know what to do next with this momentum? Talk to an advisor

Tiếp theo: Chuỗi số liệu & so sánh ngành → Tổng quan· Bóc tách BCTC· Nhận định