GEG

Điện Gia Lai ·HOSE ·2026Q1

▲ Slightly positive

Operating efficiency is improving Net margin 22.52%, +1.07pp YoY

Price

14,000

Latest close

03 Jun 2026

P/E 11.27x

P/B 0.74x

EPS 1,242

BVPS 18,869

ROE 8.1%

ROA 3.4%

Profit Margin 20.0%

Asset Turnover 0.17x

Equity Mult. 2.35x

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

What Is Changing

On a TTM 2026Q1 basis, GEG posted slightly higher profit versus the same period, but the increase is thin and not yet paired with clear improvement in revenue or margins — the growth momentum has held across consecutive periods. The point still to be proven is whether this profit level holds without further revenue momentum.

	                            
	                                TTM REVENUE
	                            
	                                    VND 2,653bn
	                                
−1.7%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 597bn
	                                
+3.2%YoY

Metric	2025	2024	2023	2022	2021
Revenue	2,998.9	2,325.3	2,163.5	2,093.2	1,381.1
Growth	+29%	+7%	+3%	+52%	—
Net Income	946.8	92.1	143.3	370.6	325.4
Net Margin	31.57%	3.96%	6.62%	17.70%	23.56%

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	767.4	590.4	671.3	624.3	1,112.8	555.3	543.1	487.6	739.2	568.8	565.9	479.5
Growth	+30%	-12%	+8%	-44%	+100%	+2%	+11%	-34%	+30%	+1%	+18%	—
Net Income	263.7	96.1	80.1	157.7	612.9	12.4	-47.8	1.2	126.3	32.0	0.3	7.4
Net Margin	34.36%	16.27%	11.93%	25.26%	55.08%	2.23%	-8.80%	0.25%	17.08%	5.62%	0.06%	1.54%

Drivers of GEG's profit

TTM

Net profit attributable to parent increased vs last year, mainly helped by lower minority interests. Supporting and offsetting drivers:

Minority interests ↓ 108.4bn

Financial income ↑ 101.6bn

Finance costs ↓ 81.9bn

Gross profit ↓ 105.9bn

Administrative expenses ↑ 59.8bn

TTM

Net profit attributable to parent declined vs prior quarter, mainly due to lower gross profit. Supporting and offsetting drivers:

Minority interests ↓ 177.7bn

Finance costs ↓ 22.2bn

Gross profit ↓ 339.1bn

Deferred tax ↑ 37.1bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 9.4% = 21.4% × 0.17 × 2.60

2026Q1 9.1% = 22.5% × 0.17 × 2.35

ROE is broadly flat at 9.1% — the components are offsetting one another.

Net margin: 22.5% +1.1pp Asset turnover: 0.17x +0.00x Leverage: 2.35x -0.25x

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 edged up to 22.52%, rising 1.1pp. Despite pressure from Gross margin fell 3.1pp and SG&A / Revenue rose 2.3pp, the offset came from Net financial result / Revenue rose 6.5pp (pressure remains from Other profit / Revenue fell 0.0pp).

Margin improves from both core operations and non-core items — the core foundation is positive, but the sustainability of non-core contributions needs monitoring.

Profitability trend

Net Margin 22.52% +1.1pp

Gross Margin 51.83% −3.1pp

SG&A / Revenue 7.40% +2.3pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Capital efficiency for utilities should be read alongside regulated tariffs and long-cycle depreciation — ROIC of 4.0% reflects a large fixed-asset base.

Is capital being deployed efficiently?

ROIC stands at 3.96%, broadly flat versus the same period. That translates to 3.96 in after-tax operating profit for every 100 units of operating capital. NOPAT margin rose 1.1pp, but capital turnover broadly stable, with invested capital holding roughly steady — the two factors are offsetting each other, keeping overall ROIC nearly unchanged.

For utilities, ROIC reflects returns on a large fixed-asset base — this is a reference signal and should be read alongside regulated tariffs.

CAPITAL EFFICIENCY TREND

ROIC 3.96% +0.2pp

NOPAT Margin 22.46% +1.1pp

Capital Turnover 0.18x +0.00x

Average Invested Capital 15,049.9bn −391.4bn

Balance Sheet

ROIC for utilities reflects a large fixed-asset base and regulated tariffs — the balance sheet below adds perspective. Leverage is elevated, requiring monitoring — liabilities at 1.33x equity, net debt at 1.19x equity.

Over the last 12 months, working capital absorbed 115.3bn of cash, mainly because of higher receivables and lower payables. Part of that drag was offset by lower inventories.

Working Capital Drivers

Receivables increased → lower CFO: −185.1bn

Inventories decreased → higher CFO: +100.3bn

Payables decreased → lower CFO: −30.5bn

Working Capital Efficiency

The inventory build-up noted above is reflected in a longer cash cycle. Cash conversion cycle lengthened by 18.9 days versus the same period last year. The main moves came from DIO fell 12.9 days, DSO rose 18.6 days, and DPO fell 13.1 days.

Working capital cycle lengthened mainly due to slower receivables collection — receivables quality needs monitoring.

For utilities, working capital cycle reflects regulated pricing mechanics and long-term settlement contracts — DSO/DIO/DPO should be treated as contextual signals rather than pure efficiency indicators.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 160.8 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Receivables collection is slowing

DSO increased by +18.6 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 143.0 days +18.6 days

Inventory 29.6 days −12.9 days

Payables 11.8 days −13.1 days

Cash Conversion Cycle 160.8 days +18.9 days

Is financial risk significant?

Financial risk is low — leverage is safe, both CFO and FCF are positive.

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 1.19x and interest coverage only at 1.00x.

At present, short-term debt accounts for 6.7% of total debt, cash equals 1.3% of debt, and total debt stands at 8,176.3bn.

Leverage for utilities reflects long-term capital needs for fixed assets and recovery through regulated pricing — elevated leverage is structural to the industry.

Watchpoints

Net leverage is elevated

Net debt / equity stands at 1.19x, increasing balance-sheet pressure.

Interest coverage is thin

Interest coverage is 1.00x, leaving limited room to absorb financing costs.

Leverage and liquidity trend

Net Debt / Equity 1.19x −0.20x

Interest Coverage 1.00x +0.12x

Cash / Debt 1.3% −0.6pp

Short-term Debt / Total Debt 6.7% +0.4pp

CFO / NI 2.04x +0.04x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 932.7bn in 2025, against investing cash flow of 1.9bn.

Post-investment cash flow was positive +934.6bn. Financing cash flow was negative +1,012.0bn.

CFO / net income was 2.04x.

After spending +482.1bn on fixed-asset investment, the business generated trailing free cash flow of +601.6bn.

For utilities, high capex and long investment cycles are structural — short-term FCF volatility does not reflect long-term cash generation through regulated pricing.

Cash Conversion

CFO TTM 1,083.7bn +276.5bn

Cash Capex 482.1bn +364.1bn

FCF TTM +601.6bn −87.6bn

Investment Takeaway

The business is showing brightening signals, but the improvement is still early and not yet thick enough to read as a confirmed trend. The brighter spot is operating efficiency, with net margin improving 1.1 pp. The next item to monitor is capital efficiency, with ROIC at 4.0%. The main risk still sits in leverage and liquidity, with interest coverage at 1.00x.

Improvement: operating efficiency is getting better, with trailing-12M net margin at 22.52% after expanding 1.1pp versus the same period last year.

Watchpoint: Capital efficiency needs cycle context.

Key risk: leverage and liquidity still require discipline, with interest coverage only at 1.00x.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	2,998.9	2,325.3	2,163.5	2,093.2	1,381.1
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	2,998.9	2,325.3	2,163.5	2,093.2	1,381.1
Cost of Goods Sold	1,284.5	1,252.1	1,042.5	1,081.8	0.0
Gross Profit	1,714.4	1,073.2	1,120.9	1,011.4	767.2
Financial Income	142.0	38.0	100.6	213.9	37.7
Financial Expenses	683.3	801.1	870.7	657.1	-408.8
Interest Expense	665.0	785.7	841.7	591.8	-383.8
Share of Associates and Joint Ventures	5.0	5.4	5.2	12.8	6.3
Selling Expenses	—	0.0	1.0	0.4	-0.5
General and Administrative Expenses	200.1	135.5	158.5	160.3	-115.5
Operating Profit	978.0	180.0	196.5	420.3	286.4
Other Income	2.5	4.9	5.1	0.6	0.0
Other Expenses	1.8	3.3	6.7	14.2	0.0
Other Profit	0.6	1.6	-1.5	-13.6	82.3
Profit Before Tax	978.7	181.5	195.0	406.8	368.7
Current Income Tax Expense	71.2	55.4	46.9	41.1	-43.3
Deferred Income Tax Expense	-39.3	34.1	4.8	-4.9	0.0
Net Income	946.8	92.1	143.3	370.6	325.4
Non-controlling Interest	238.3	-22.7	6.1	54.9	42.6
Profit Attributable to Parent	708.5	114.8	137.2	315.7	282.8
Earnings per Share	1,738.00	174.00	214.00	880.00	927.00
Diluted EPS	1,738.00	174.00	214.00	855.00	931.24

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,776.4	1,381.7	1,458.5	2,118.4	1,316.3
I. Cash and cash equivalents	86.4	163.7	229.1	333.8	255.8
1. Cash	46.7	99.9	71.9	201.8	0.0
2. Cash equivalents	39.7	63.8	157.2	132.0	0.0
II. Short-term financial investments	335.2	239.4	233.2	490.8	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	335.2	239.4	233.2	490.8	0.0
III. Short-term receivables	1,262.9	823.3	829.3	750.0	772.1
1. Short-term trade accounts receivable	823.7	414.9	473.9	359.2	0.0
2. Short-term prepayments to suppliers	239.1	20.5	16.0	74.6	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	22.4	242.3	229.3	256.1	0.0
6. Other short-term receivables	217.6	146.3	110.8	60.5	0.0
7. Provision for short-term doubtful debts (*)	-39.9	-0.8	-0.7	-0.4	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	46.1	118.8	126.6	155.1	146.3
1. Inventories	46.1	155.6	126.6	155.1	0.0
2. Provision for decline in value of inventories	—	-36.7	0.0	0.0	0.0
V. Other short-term assets	45.7	36.5	40.3	388.8	142.0
1. Short-term prepayments	10.6	21.5	10.9	9.6	0.0
2. Value added tax to be reclaimed	34.7	14.9	28.8	378.4	0.0
3. Taxes and other receivables from state authorities	0.5	0.1	0.6	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)	13,334.5	13,791.8	14,673.9	14,999.7	11,156.4
I. Long-term receivables	71.3	29.4	40.7	2.2	0.0
1. Long-term trade receivables	26.5	0.0	0.0	0.0	9.1
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	20.0	0.0	0.0
6. Other long-term receivables	44.8	29.5	20.9	2.4	0.0
7. Provision for long-term doubtful debts	—	-0.2	-0.2	-0.2	0.0
II. Fixed assets	12,506.3	13,296.2	14,067.8	9,965.5	10,504.3
1. Tangible fixed assets	12,431.9	13,208.5	14,019.5	9,911.9	10,456.8
- Cost	16,897.8	16,881.6	16,908.6	12,129.9	0.0
- Accumulated depreciation	-4,465.9	-3,673.1	-2,889.1	-2,218.1	0.0
2. Financial leased fixed assets	54.2	66.3	23.1	24.7	26.3
- Cost	64.6	74.8	28.1	28.1	0.0
- Accumulated depreciation	-10.5	-8.5	-5.0	-3.4	0.0
3. Intangible fixed assets	20.2	21.4	25.2	28.9	21.2
- Cost	39.4	39.4	39.4	39.3	0.0
- Accumulated depreciation	-19.1	-18.0	-14.2	-10.3	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	666.2	268.4	358.9	4,876.7	489.4
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	666.2	268.4	358.9	4,876.7	0.0
V. Long-term financial investments	57.6	173.5	168.2	112.9	100.1
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	54.5	173.5	168.2	112.9	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	3.1	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	33.1	24.3	38.3	42.4	0.0
1. Long-term prepayments	19.4	24.3	29.9	28.3	0.0
2. Deferred income tax assets	13.7	0.0	8.5	13.3	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	53.6
5. Goodwill	—	0.0	0.0	0.8	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	15,110.9	15,173.6	16,132.4	17,118.2	12,472.7
A. LIABILITIES (300=210+330)	8,613.2	9,409.1	10,365.0	11,488.4	8,735.0
I. Short -term liabilities	884.1	785.2	1,679.2	2,070.6	1,005.6
1. Short-term trade accounts payable	14.8	32.3	74.9	1,224.6	439.9
2. Short-term advances from customers	1.4	1.5	1.9	2.4	2.9
3. Taxes and other payables to state authorities	74.4	48.0	58.2	47.2	0.0
4. Payable to employees	12.3	0.8	0.6	0.9	0.0
5. Short-term acrrued expenses	48.2	24.3	50.0	62.6	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	0.5	0.1	0.1	0.3	0.2
9. Other short-term payables	11.7	9.5	10.0	8.6	0.0
10. Short-term borrowings and financial leases	615.9	596.9	1,414.5	663.0	407.7
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	104.7	71.8	68.9	61.0	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	7,729.1	8,623.9	8,685.9	9,417.8	7,729.4
1. Long-term trade payables	—	0.0	0.0	151.3	1,030.9
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	0.1	0.3	0.4	0.3	0.0
7. Other long-term liabilities	0.0	0.0	1.4	0.0	0.0
8. Long-term borrowings and financial leases	7,727.0	8,596.1	8,682.0	9,264.1	6,695.1
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	—	25.6	0.0	0.0	0.0
12. Provision for long-term liabilities	1.9	1.9	2.1	2.1	0.0
13. Fund for technology development	—	0.0	0.0	0.1	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	6,497.7	5,764.5	5,767.3	5,629.7	3,737.7
I. Owner's equity	6,497.7	5,764.5	5,767.3	5,629.7	0.0
1. Owner's capital	4,148.0	4,225.1	4,054.5	3,861.4	3,737.7
- Common stock with voting right	3,583,083,710,000.00	3,583,083,710,000.00	3,412,494,010,000.00	3,219,369,020,000.00	3,037,155,260,000.00
- Preferred stock	564,960,000,000.00	642,000,000,000.00	642,000,000,000.00	642,000,000,000.00	0.00
2. Share premium	14.5	20.7	20.7	25.9	37.9
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	96.2	96.2	96.4	98.0	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	706.0	83.1	178.5	292.4	208.3
- Accumulated retained earning at the end of the previous period	71.5	9.1	100.8	26.1	18.5
- Undistributed earnings in this period	634.5	74.0	77.7	266.3	189.8
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	1,533.1	1,339.4	1,417.3	1,352.0	360.1
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)	15,110.9	15,173.6	16,132.4	17,118.2	12,472.7

Item	2025	2024	2023	2022	2021
Profit Before Tax	978.7	181.5	195.0	406.8	368.7
Depreciation of Fixed Assets and Investment Property	799.7	804.3	697.2	651.7	416.9
Provision (Increase)/Reversal	2.2	36.7	0.3	-1.3	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.1	-0.0	-2.0	24.6	0.0
Gain/Loss from Investment Activities	-147.5	-41.2	-92.0	-203.2	0.0
Interest Expense	667.0	789.7	851.1	601.5	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	2,300.0	1,771.0	1,649.5	1,480.0	1,054.5
Increase/(Decrease) in Receivables	-796.3	20.2	325.4	-699.5	0.0
Increase/(Decrease) in Inventory	109.4	21.5	25.5	-8.8	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	35.1	-12.1	-40.6	358.0	0.0
Increase/(Decrease) in Prepaid Expenses	15.8	-5.1	-2.9	14.7	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-667.1	-804.3	-853.5	-569.8	0.0
Corporate Income Tax Paid	-43.7	-61.5	-17.8	-62.9	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-20.5	-16.9	-22.4	-16.0	0.0
Net Cash Flow from Operating Activities	932.7	912.7	1,063.2	495.9	694.0
Payments for Fixed Assets and Other Long-term Assets	-408.6	-102.1	-1,580.2	-4,598.8	-3,916.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	1.1	39.8	1.7	67.4	65.1
Loans and Purchases of Debt Instruments	-247.3	-14.5	-250.2	-775.5	-233.0
Receipts from Loan Repayments and Sale of Debt Instruments	368.3	15.3	524.2	322.9	124.0
Investments in Other Entities	—	0.0	-141.6	0.0	0.0
Proceeds from Investments in Other Entities	236.2	58.2	56.9	566.1	0.0
Dividends and Interest Income Received	52.2	15.6	26.3	13.0	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	1.9	12.4	-1,362.8	-4,405.0	-3,951.9
Proceeds from Equity Issuance and Capital Contributions	—	200,000,000.00	113,883,080,000.00	1,231,710,200,000.00	216,960,576,792.00
Share Repurchases	-83,057,171,171.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	439.1	1,057.8	2,365.7	3,728.1	5,119.1
Repayment of Borrowings	-1,278.4	-1,963.8	-2,196.5	-905.6	-1,814.0
Repayment of Finance Leases	-12.8	-8.5	-4.1	-4.1	-3.7
Dividends Paid	-76.8	-76.2	-84.3	-57.1	-140.1
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	-1,012.0	-990.5	194.8	3,993.0	3,378.2
Net Cash Flow During the Period	-77.4	-65.4	-104.9	83.9	-220.5
Cash and Cash Equivalents at Beginning of Period	163.7	229.1	333.8	250.0	135.4
FX Difference from Revaluation	0.1	0.0	0.2	-0.1	0.0
Cash and Cash Equivalents at End of Period	86.4	163.7	229.1	333.8	255.8

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
Revenue	767.4	590.4	671.3	624.3	1,112.8	555.3	543.1	487.6	739.2	568.8	565.9	479.5
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	767.4	590.4	671.3	624.3	1,112.8	555.3	543.1	487.6	739.2	568.8	565.9	479.5
Cost of Goods Sold	280.4	297.7	348.6	351.4	286.7	349.6	305.8	275.6	321.1	316.2	272.9	217.8
Gross Profit	487.0	292.7	322.7	272.9	826.1	205.8	237.3	212.0	418.1	252.6	293.0	261.7
Financial Income	4.0	7.4	7.3	119.4	7.8	9.3	10.2	9.1	9.4	62.9	12.8	13.7
Financial Expenses	165.2	129.2	194.4	172.3	187.4	156.1	230.6	168.9	245.5	225.7	251.8	213.3
Interest Expense	165.2	128.7	193.4	158.5	184.4	156.6	224.0	163.4	241.7	221.1	236.4	205.9
Share of Associates and Joint Ventures	0.6	0.2	0.6	0.7	3.5	12.7	-4.7	-2.1	-0.6	11.2	-8.4	-2.6
Selling Expenses	—	—	—	—	—	0.0	0.0	-0.1	0.1	0.2	0.2	0.1
General and Administrative Expenses	41.1	80.0	37.9	37.3	44.9	29.8	33.1	28.8	43.8	47.9	28.3	39.0
Operating Profit	285.2	91.1	98.4	183.5	605.1	42.0	-20.9	21.4	137.4	52.8	17.1	20.2
Other Income	1.5	0.6	0.6	1.1	0.2	1.5	2.3	1.2	0.5	2.0	3.1	0.1
Other Expenses	0.3	1.1	0.2	0.5	0.0	0.0	1.3	1.3	1.3	0.2	2.3	4.0
Other Profit	1.2	-0.5	0.4	0.6	0.2	1.5	1.0	-0.1	-0.8	1.8	0.8	-3.9
Profit Before Tax	286.4	90.6	98.7	184.1	605.3	43.5	-19.9	21.3	136.6	54.7	17.9	16.3
Current Income Tax Expense	23.3	-5.8	18.3	28.6	30.0	14.9	13.2	16.0	11.4	17.9	12.4	9.4
Deferred Income Tax Expense	-0.6	0.3	0.3	-2.2	-37.7	16.3	14.7	4.1	-1.0	4.8	5.2	-0.5
Net Income	263.7	96.1	80.1	157.7	612.9	12.4	-47.8	1.2	126.3	32.0	0.3	7.4
Non-controlling Interest	57.0	12.6	5.4	-8.1	234.7	-18.7	-20.5	-20.2	36.6	-18.6	-13.4	-1.3
Profit Attributable to Parent	206.7	83.4	74.6	165.8	378.2	31.0	-27.3	21.5	89.7	50.6	13.7	8.7
Earnings per Share	577.00	111.00	198.00	356.00	1,056.00	52.00	-81.00	52.00	262.00	91.00	95.00	22.00
Diluted EPS	550.00	570.00	198.00	356.00	1,056.00	171.00	-81.00	52.00	262.00	91.00	95.00	22.00

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)	1,954.8	1,793.3	1,975.1	1,751.8	1,895.6	1,381.7	2,059.8	1,806.2	1,690.9	1,458.5	1,518.1	1,386.8
I. Cash and cash equivalents	105.9	86.4	406.1	473.5	175.4	163.7	860.5	581.0	214.9	229.1	264.6	260.9
1. Cash	46.6	46.7	95.6	75.4	90.6	99.9	682.3	356.2	93.2	71.9	89.4	67.2
2. Cash equivalents	59.2	39.7	310.5	398.1	84.8	63.8	178.2	224.8	121.7	157.2	175.2	193.7
II. Short-term financial investments	310.5	335.2	378.5	236.5	233.0	239.4	240.0	233.2	233.2	233.2	222.6	235.9
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	310.5	335.2	378.5	236.5	233.0	239.4	240.0	233.2	233.2	233.2	222.6	235.9
III. Short-term receivables	1,419.5	1,279.9	1,099.6	914.0	1,324.4	823.3	801.1	818.9	1,078.8	829.3	827.2	684.4
1. Short-term trade accounts receivable	946.0	826.1	758.4	677.7	929.7	414.9	393.2	420.4	706.0	473.9	424.8	335.2
2. Short-term prepayments to suppliers	225.2	239.1	119.8	22.4	24.0	20.5	25.7	23.0	26.8	16.0	183.4	24.6
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	—	22.4	22.4	25.4	196.3	242.3	234.3	229.3	224.3	229.3	62.4	244.7
6. Other short-term receivables	288.2	232.2	199.7	189.3	175.3	146.3	148.6	146.9	122.3	110.8	157.2	80.4
7. Provision for short-term doubtful debts (*)	-39.9	-39.9	-0.8	-0.8	-0.8	-0.8	-0.7	-0.7	-0.7	-0.7	-0.6	-0.6
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	53.4	46.1	63.0	105.1	117.0	118.8	125.8	126.7	129.5	126.6	154.4	153.9
1. Inventories	53.4	46.1	99.7	141.9	153.7	155.6	162.5	163.5	129.5	126.6	154.4	153.9
2. Provision for decline in value of inventories	—	—	-36.7	-36.7	-36.7	-36.7	-36.7	-36.7	0.0	0.0	0.0	0.0
V. Other short-term assets	65.6	45.7	28.0	22.6	45.8	36.5	32.3	46.4	34.4	40.3	49.3	51.7
1. Short-term prepayments	20.6	10.6	8.9	7.4	30.0	21.5	18.9	25.0	8.3	10.9	18.4	13.2
2. Value added tax to be reclaimed	38.1	34.7	18.6	14.6	15.4	14.9	13.3	21.2	25.4	28.8	30.7	38.0
3. Taxes and other receivables from state authorities	6.9	0.5	0.5	0.6	0.4	0.1	0.1	0.3	0.7	0.6	0.1	0.4
4. Government bonds	—	—	—	—	—	0.0	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	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	13,180.3	13,317.6	13,272.8	13,433.7	13,811.4	13,790.7	13,965.7	14,257.5	14,462.0	14,673.9	14,817.5	14,949.8
I. Long-term receivables	43.3	54.3	100.6	168.6	232.9	29.4	35.7	31.2	24.6	40.7	39.9	2.1
1. Long-term trade receivables	—	24.1	84.0	143.8	203.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	0.0	1.3	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	5.0	10.0	15.0	20.0	25.0	0.0
6. Other long-term receivables	43.3	30.2	19.2	24.9	29.3	29.5	29.6	21.4	9.8	20.9	15.1	2.3
7. Provision for long-term doubtful debts	—	—	-2.5	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2
II. Fixed assets	12,306.9	12,506.3	12,701.1	12,897.7	13,096.7	13,295.1	13,474.5	13,733.3	13,907.9	14,067.8	14,250.8	14,385.1
1. Tangible fixed assets	12,240.8	12,431.9	12,617.9	12,812.9	13,010.5	13,207.3	13,384.7	13,641.2	13,861.0	14,019.5	14,201.1	14,334.2
- Cost	16,907.7	—	—	—	—	16,880.4	16,860.6	16,919.4	16,947.3	16,908.6	16,915.1	16,853.3
- Accumulated depreciation	-4,666.9	—	—	—	—	-3,673.1	-3,476.0	-3,278.1	-3,086.3	-2,889.1	-2,714.0	-2,519.1
2. Financial leased fixed assets	46.2	54.2	62.7	63.9	65.1	66.3	67.5	68.7	22.7	23.1	23.5	23.9
- Cost	54.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-8.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	19.9	20.2	20.5	20.8	21.1	21.4	22.3	23.3	24.2	25.2	26.2	27.0
- Cost	39.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-19.4	—	—	—	—	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	739.6	666.2	381.4	278.9	269.4	268.4	270.0	285.2	324.9	358.9	319.3	350.5
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	739.6	666.2	381.4	278.9	269.4	268.4	270.0	285.2	324.9	358.9	319.3	350.5
V. Long-term financial investments	58.2	57.6	54.3	53.7	177.0	173.5	160.8	170.6	167.6	168.2	157.0	165.4
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	55.1	54.5	54.3	53.7	177.0	173.5	160.8	165.5	167.6	168.2	157.0	165.4
3. Investments in other entities	—	—	—	—	—	0.0	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	0.0
5. Held to maturity investments	3.1	3.1	—	—	—	0.0	0.0	5.1	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	0.0
VI. Other long-term assets	32.2	33.1	35.5	34.9	35.4	24.3	24.6	37.2	36.9	38.3	50.6	46.7
1. Long-term prepayments	18.0	19.4	21.5	20.6	23.3	24.3	24.6	31.9	27.5	29.9	37.3	28.2
2. Deferred income tax assets	14.2	13.7	14.0	14.3	12.1	0.0	0.0	5.4	9.5	8.5	13.3	18.5
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	—	—	—	—	—	0.0	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	0.0
TOTAL ASSETS (280=100+200)	15,135.1	15,110.9	15,248.0	15,185.5	15,707.0	15,172.4	16,025.4	16,063.7	16,152.9	16,132.4	16,335.6	16,336.5
A. LIABILITIES (300=210+330)	8,374.0	8,613.2	8,674.8	8,688.6	9,329.8	9,409.1	10,203.2	10,193.4	10,259.6	10,365.0	10,662.3	10,597.4
I. Short -term liabilities	745.1	884.1	950.5	689.1	829.9	785.2	1,278.2	1,563.1	1,692.7	1,679.2	1,507.9	984.1
1. Short-term trade accounts payable	31.7	14.8	48.5	11.9	50.7	32.3	90.3	78.9	115.2	74.9	91.9	99.2
2. Short-term advances from customers	1.4	1.4	1.5	2.0	3.7	1.5	1.4	1.4	1.4	1.9	1.4	1.4
3. Dividends and profits payable	4.2	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	35.9	74.4	92.7	71.2	82.0	48.0	43.8	29.9	26.6	58.2	43.1	26.6
4. Payable to employees	12.0	12.3	0.3	0.4	0.0	0.8	0.0	0.0	0.0	0.6	4.8	0.0
5. Short-term acrrued expenses	31.0	48.2	89.4	28.7	51.3	24.3	81.3	48.8	105.9	50.0	83.1	91.9
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	0.4	0.5	0.1	0.1	0.2	0.1	0.1	0.2	0.2	0.1	0.2	0.3
9. Other short-term payables	6.0	11.7	29.7	29.1	8.1	9.5	31.3	31.5	9.0	10.0	50.8	19.3
10. Short-term borrowings and financial leases	549.4	615.9	614.4	474.9	568.6	596.9	973.4	1,314.7	1,371.5	1,414.5	1,188.2	695.7
11. Provision for short-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	73.2	104.7	73.9	70.8	65.2	71.8	56.5	57.9	62.9	68.9	44.4	49.7
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	7,628.9	7,729.1	7,724.3	7,999.5	8,499.9	8,623.9	8,925.0	8,630.3	8,566.9	8,685.9	9,154.5	9,613.3
1. Long-term trade payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	96.0	143.5
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	0.1	0.1	0.1	0.1	0.1	0.3	0.3	0.3	0.3	0.4	0.3	0.3
7. Other long-term liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.4	48.2	0.0
8. Long-term borrowings and financial leases	7,626.9	7,727.0	7,722.2	7,997.5	8,497.9	8,596.1	8,913.4	8,628.0	8,564.5	8,682.0	9,007.9	9,467.6
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	—	—	—	—	—	25.6	9.3	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	1.9	1.9	1.9	1.9	1.9	1.9	1.9	2.0	2.0	2.1	2.0	2.0
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)	6,761.1	6,497.7	6,573.2	6,496.8	6,377.2	5,763.3	5,822.2	5,870.3	5,893.2	5,767.3	5,673.3	5,739.1
I. Owner's equity	6,761.1	6,497.7	6,573.2	6,496.8	6,377.2	5,763.3	5,822.2	5,870.3	5,893.2	5,767.3	5,673.3	5,739.1
1. Owner's capital	4,148.0	4,148.0	4,225.1	4,225.1	4,225.1	4,225.1	4,225.1	4,054.5	4,054.5	4,054.5	4,054.5	3,861.4
- Common stock with voting right	3,583,083,710,000.00	3,583,083,710,000.00	3,583,083,710,000.00	3,583,083,710,000.00	3,583,083,710,000.00	3,583,083,710,000.00	3,583,083,710,000.00	3,412,494,010,000.00	3,412,494,010,000.00	3,412,494,010,000.00	3,412,494,010,000.00	3,219,369,020,000.00
- Preferred stock	564,960,000,000.00	564,960,000,000.00	642,000,000,000.00	642,000,000,000.00	642,000,000,000.00	642,000,000,000.00	642,000,000,000.00	642,000,000,000.00	642,000,000,000.00	642,000,000,000.00	642,000,000,000.00	642,000,000,000.00
2. Share premium	14.2	14.5	20.6	20.6	20.7	20.7	20.7	20.7	20.7	20.7	20.7	20.7
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	96.2	96.2	96.2	96.2	96.2	96.2	96.2	96.2	96.4	96.4	96.4	96.4
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	912.6	706.0	666.5	595.5	467.7	81.9	72.2	265.5	267.8	178.5	154.4	372.9
- Accumulated retained earning at the end of the previous period	705.9	77.8	79.0	82.9	83.1	7.9	2.2	168.1	178.5	99.3	130.5	291.1
- Undistributed earnings in this period	206.7	628.1	587.4	512.7	384.6	74.0	70.1	97.5	89.3	79.2	23.9	81.8
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	1,590.0	1,533.1	1,564.8	1,559.5	1,567.6	1,339.4	1,408.1	1,433.4	1,453.9	1,417.3	1,347.4	1,387.7
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)	15,135.1	15,110.9	15,248.0	15,185.5	15,707.0	15,172.4	16,025.4	16,063.7	16,152.9	16,132.4	16,335.6	16,336.5

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	286.4	90.6	98.7	184.1	605.3	43.5	-19.9	21.3	136.6	54.7	17.9	16.3
Depreciation of Fixed Assets and Investment Property	199.4	200.1	197.7	201.9	200.0	200.0	201.3	204.5	198.5	196.4	196.3	157.6
Provision (Increase)/Reversal	—	-0.2	2.3	0.1	-0.1	0.1	-0.0	36.7	-0.1	0.1	0.0	0.1
FX Gain/Loss from Revaluation of Monetary Items	—	-0.0	-0.0	-0.1	-0.0	-0.0	0.0	-0.0	-0.0	-1.9	1.7	-1.8
Gain/Loss from Investment Activities	-3.9	-12.6	-3.3	-123.7	-7.8	-9.6	-12.8	-6.4	-9.4	-56.2	-10.5	-23.4
Interest Expense	165.2	130.7	192.4	159.5	184.4	156.6	221.8	165.7	241.7	230.6	233.8	208.6
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	-0.1	—	—	—	—	-12.3	10.8	-0.6	0.6	-6.0	6.0	3.7
Operating Profit Before Changes in Working Capital	647.0	412.1	484.3	424.8	978.8	378.2	401.1	421.1	568.1	417.7	445.2	361.1
Increase/(Decrease) in Receivables	-157.7	-198.0	-110.0	280.6	-768.9	-9.2	-17.2	267.4	-237.4	251.0	-324.6	128.6
Increase/(Decrease) in Inventory	-7.2	53.6	42.1	11.9	1.8	7.0	-43.9	10.8	-2.9	24.8	-0.5	-0.1
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-10.2	-22.5	56.7	-54.6	55.4	-31.3	71.1	-45.9	43.6	35.1	-255.5	193.6
Increase/(Decrease) in Prepaid Expenses	-8.6	0.5	-4.5	27.5	-7.6	-2.3	13.3	-21.1	5.0	15.0	-21.3	9.8
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-156.4	-163.9	-156.1	-186.0	-161.2	-207.8	-188.6	-209.6	-198.3	-231.9	-232.0	-213.5
Corporate Income Tax Paid	-62.0	-6.9	-3.4	-4.0	-29.4	-13.8	-5.1	-5.6	-37.3	-6.2	-0.8	-2.7
Other Operating Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-31.6	1.5	-2.2	-13.2	-6.6	-0.9	-13.7	-9.0	-6.3	5.0	-12.4	3.8
Net Cash Flow from Operating Activities	213.3	76.5	306.9	487.0	62.3	119.9	217.0	408.0	134.5	510.5	-401.9	480.6
Payments for Fixed Assets and Other Long-term Assets	-74.7	-288.5	-103.8	-15.1	-1.2	-48.4	-23.0	-45.4	-4.7	-302.8	220.7	-907.1
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.5	0.2	0.4	—	0.3	0.0	39.6	0.0	0.7	0.0	0.0
Loans and Purchases of Debt Instruments	—	-101.8	-142.0	-3.5	—	-7.8	-1.6	-5.1	0.0	-126.4	-32.2	-58.0
Receipts from Loan Repayments and Sale of Debt Instruments	47.1	142.0	3.0	170.9	52.4	5.3	0.0	0.0	10.0	-36.5	196.5	11.4
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	-91.7	0.0	-50.0
Proceeds from Investments in Other Entities	—	0.0	0.0	236.2	—	0.0	100.0	0.0	0.0	56.9	-1.9	1.9
Dividends and Interest Income Received	0.9	5.7	4.2	16.9	25.3	4.0	5.0	3.8	6.6	1.4	15.2	5.6
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	-26.7	-242.1	-238.3	405.8	76.5	-46.6	80.4	-7.2	11.9	-498.3	398.3	-996.3
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	200,000,000.00	0.00	0.00	0.00	113,600,000,000.00	200,000.00	238,130,000.00
Share Repurchases	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	118.8	303.6	62.5	18.2	54.8	89.1	576.1	370.1	43.4	776.7	344.4	631.6
Repayment of Borrowings	-283.3	-294.9	-0.5	-609.7	-3.0	-780.1	-582.9	-404.0	-203.0	-879.5	-309.6	-176.3
Repayment of Finance Leases	-2.6	-3.2	-3.2	-3.2	-3.2	-3.2	-10.9	-1.0	-1.0	-1.0	-1.0	-1.0
Dividends Paid	-0.0	-76.5	-0.0	-0.1	-0.2	-76.2	-0.1	0.1	-0.0	-57.3	-26.7	0.3
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	-167.1	-154.0	-136.1	-594.7	-127.2	-770.1	-17.8	-34.8	-160.5	-47.6	7.0	454.8
Net Cash Flow During the Period	19.5	-319.7	-67.5	298.1	11.7	-696.8	279.6	366.0	-14.2	-35.4	3.5	-60.8
Cash and Cash Equivalents at Beginning of Period	86.4	406.1	473.5	175.4	163.7	229.1	229.1	229.1	229.1	333.8	333.8	333.8
FX Difference from Revaluation	0.0	0.1	0.1	0.1	0.0	0.0	-0.0	0.0	0.0	-0.1	0.3	0.0
Cash and Cash Equivalents at End of Period	105.9	86.4	406.1	473.5	175.4	163.7	860.5	581.0	214.9	229.1	264.6	260.9

Explore Other Stocks In The Same Sector

REE, DNH, VSH, SBH, HNA, CHP, BGE, TMP, SHP, AVC, VPD, TBC, TTA, ND2, SBA, BHA, BSA, SJD, SEB, SBM, GSM, TTE, ISH, QPH, NTH, SP2, SVH, SD9, DRL, DL1, HJS, NED, TDB, XMP, SD3, HPD, PTC, KOS, HIO, SMA, S72, DTE

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

GEG

What Is Changing

Drivers of GEG'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