LAS

Supe Phốt phát và Hóa chất Lâm Thao ·HNX ·2026Q1

▼▼ Declining sharply

Margins remain under pressure Net margin 3.32%, −1.91pp YoY

Price

15,000

Latest close

03 Jun 2026

P/E 14.40x

P/B 1.12x

EPS 1,042

BVPS 13,379

ROE 8.4%

ROA 5.0%

Profit Margin 3.3%

Asset Turnover 1.50x

Equity Mult. 1.69x

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

What Is Changing

On a TTM 2026Q1 basis, LAS posted a sharp profit decline versus the same period — profit momentum has been slowing across consecutive periods. More notably, operating cash flow is significantly negative relative to profit — this is pressure that needs close monitoring.

	                            
	                                TTM REVENUE
	                            
	                                    VND 3,863bn
	                                
+7.1%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 128bn
	                                
−32.0%YoY

	                            
	                                CFO / Net Income
	                            
	                                    -2.25x
	                                
negative cash flow vs profit

Metric	2025	2024	2023	2022	2021
Revenue	3,743.8	3,465.8	3,440.3	3,155.7	2,801.0
Growth	+8%	+1%	+9%	+13%	—
Net Income	164.2	168.7	148.5	88.5	66.8
Net Margin	4.39%	4.87%	4.32%	2.81%	2.38%

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	1,704.7	368.0	708.1	1,081.9	1,585.8	604.2	812.3	605.0	1,444.3	549.3	810.5	867.7
Growth	+363%	-48%	-35%	-32%	+162%	-26%	+34%	-58%	+163%	-32%	-7%	—
Net Income	37.0	20.1	20.1	51.2	71.8	17.1	32.7	67.3	52.5	54.3	28.7	32.3
Net Margin	2.17%	5.47%	2.84%	4.73%	4.52%	2.83%	4.02%	11.12%	3.63%	9.89%	3.54%	3.73%

Drivers of LAS's profit

TTM

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

Administrative expenses ↓ 68.9bn

Selling expenses ↓ 47.2bn

Tax ↓ 16.9bn

Other profit ↑ 15.7bn

Gross profit ↓ 196.7bn

Finance costs ↑ 13.1bn

TTM

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

Administrative expenses ↓ 29.9bn

Selling expenses ↓ 14.3bn

Tax ↓ 8.7bn

Gross profit ↓ 81.1bn

Financial income ↓ 5.4bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 12.6% = 5.2% × 1.51 × 1.59

2026Q1 8.4% = 3.3% × 1.50 × 1.69

ROE fell from 12.6% to 8.4% — net margin weakened the most, though leverage still provided support.

Net margin: 3.3% -1.9pp Asset turnover: 1.50x -0.01x Leverage: 1.69x +0.10x

Is the profit sustainable?

Margins narrowed but earnings quality remains clean — pressure is mainly operational.

very positive positive stable watch under pressure

What is driving the margin?

Net margin fell to 3.32%, losing 1.9pp. The main pressure is Gross margin fell 6.4pp, outweighing the improvement in SG&A / Revenue fell 3.9pp (in addition, Other profit / Revenue rose 0.4pp added support while Net financial result / Revenue fell 0.3pp remained a drag).

The pressure comes from core operations — this is a concerning type of decline, not a one-off movement.

Profitability trend

Net Margin 3.32% −1.9pp

Gross Margin 13.46% −6.4pp

SG&A / Revenue 9.51% −3.9pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Capital efficiency is declining — check whether the drag is from margins or turnover.

Is capital being deployed efficiently?

ROIC fell to 5.84%, losing 4.5pp. That translates to 5.84 in after-tax operating profit for every 100 units of operating capital. The main pressure came from NOPAT margin narrowed 2.2pp, outweighing the movement in capital turnover; while invested capital rose by 172bn.

Pressure came from the margin side — core operations are weakening, not just a temporary asset-management issue.

CAPITAL EFFICIENCY TREND

ROIC 5.84% −4.5pp

NOPAT Margin 3.07% −2.2pp

Capital Turnover 1.90x −0.04x

Average Invested Capital 2,031.9bn +172.2bn

Balance Sheet

ROIC declined — the balance sheet shows how capital is being deployed. Capital structure is conservative with low leverage — liabilities at 0.71x equity, net debt at 0.36x equity.

Inventory ended the period at 1,705.3bn, roughly 67.8% of total assets.

Over the last 12 months, working capital released 0.0bn of cash.

Working Capital Drivers

Receivables were broadly stable → neutral CFO: —

Inventories were broadly stable → neutral CFO: —

Payables were broadly stable → neutral CFO: —

Working Capital Efficiency

Cash conversion cycle lengthened by 15.8 days versus the same period last year. The main moves came from DIO rose 17.5 days, DSO fell 1.7 days, and DPO fell 0.0 days.

Working capital cycle lengthened mainly due to slower inventory turnover — more capital is being tied up in inventory.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 144.7 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Inventory turnover is slowing

DIO increased by +17.5 days, suggesting more capital is being tied up in inventories.

Working Capital Efficiency

Receivables 66.6 days −1.7 days

Inventory 102.6 days +17.5 days

Payables 24.5 days −0.0 days

Cash Conversion Cycle 144.7 days +15.8 days

Is financial risk significant?

Leverage is safe but FCF is negative at 416.8bn due to capex of 128.5bn — an investment choice, not an urgent risk.

Leverage & Liquidity

Leverage looks fairly comfortable, with net debt / equity at 0.36x and interest coverage at 4.40x.

At present, short-term debt accounts for 100.0% of total debt, cash equals 7.3% of debt, and total debt stands at 591.6bn.

Watchpoints

Short-term refinancing pressure is meaningful

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

Cash buffer is thin relative to debt

Cash / debt stands at 7.3%, leaving limited liquidity buffer to monitor.

Leverage and liquidity trend

Net Debt / Equity 0.36x +0.06x

Interest Coverage 4.40x −7.14x

Cash / Debt 7.3% +0.2pp

Short-term Debt / Total Debt 100.0% 0.0pp

CFO / NI -2.25x −2.44x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

Operating cash flow reached -353.7bn in 2025, against investing cash flow of 496.6bn.

Post-investment cash flow was positive +143.0bn. Financing cash flow was negative +138.5bn.

CFO / net income was -2.25x.

After spending +128.5bn on fixed-asset investment, the business generated trailing free cash flow of −416.8bn.

Cash Conversion

CFO TTM 288.3bn −324.4bn

Cash Capex 128.5bn +77.8bn

FCF TTM −416.8bn −402.2bn

Investment Takeaway

The business is showing a few weaker signals, but the current magnitude is not yet clear enough to conclude that this is a broader weakening phase. The brighter spot is earnings conversion is confirmed, with CFO/NI at -2.25x. The main risk still sits in core profitability, with net margin down 1.9 pp.

Improvement: earnings conversion looks more confirmed, with CFO / net income at -2.25x.

Key risk: profitability remains under pressure, with trailing-12M net margin at 3.32% after a 1.9pp decline versus the same period last year.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	3,890.6	3,600.0	3,567.9	3,267.0	2,905.5
Revenue Deductions	146.7	134.2	127.6	111.3	0.0
Net Revenue	3,743.8	3,465.8	3,440.3	3,155.7	2,801.0
Cost of Goods Sold	3,139.2	2,827.5	2,883.4	2,701.2	0.0
Gross Profit	604.7	638.3	556.9	454.5	372.7
Financial Income	37.3	31.7	14.4	12.3	8.4
Financial Expenses	31.7	17.6	20.4	21.1	-14.3
Interest Expense	31.1	15.1	17.4	18.4	-11.4
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	179.1	186.5	159.5	136.3	-139.7
General and Administrative Expenses	234.8	246.6	210.3	200.6	-148.2
Operating Profit	196.4	219.3	181.0	108.7	78.9
Other Income	11.6	13.7	7.0	4.7	0.0
Other Expenses	0.5	16.8	1.7	1.0	0.0
Other Profit	11.1	-3.1	5.3	3.8	6.3
Profit Before Tax	207.5	216.2	186.3	112.5	85.3
Current Income Tax Expense	43.2	47.5	37.8	23.9	-18.5
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	164.2	168.7	148.5	88.5	66.8
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	164.2	168.7	148.5	88.5	66.8
Earnings per Share	1,310.00	1,345.00	1,185.00	722.00	543.21
Diluted EPS	1,455.19	1,494.59	1,316.17	784.43	591.51

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	2,093.0	2,271.3	2,049.0	1,948.6	1,960.5
I. Cash and cash equivalents	26.1	21.6	22.6	45.8	18.3
1. Cash	16.1	21.6	22.6	45.8	0.0
2. Cash equivalents	10.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	235.0	815.0	710.0	65.0	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	235.0	815.0	710.0	65.0	0.0
III. Short-term receivables	68.0	95.2	274.9	601.1	580.4
1. Short-term trade accounts receivable	56.1	118.0	287.8	613.0	0.0
2. Short-term prepayments to suppliers	35.3	2.3	11.6	16.0	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	2.1	0.5	1.2	1.2	0.0
7. Provision for short-term doubtful debts (*)	-25.4	-25.5	-25.7	-29.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	1,705.3	1,335.8	1,037.8	1,233.6	976.6
1. Inventories	1,705.3	1,335.8	1,063.6	1,233.6	0.0
2. Provision for decline in value of inventories	—	0.0	-25.8	0.0	0.0
V. Other short-term assets	58.6	3.6	3.7	3.0	5.2
1. Short-term prepayments	5.5	3.6	3.6	2.7	0.0
2. Value added tax to be reclaimed	49.4	0.0	0.1	0.2	0.0
3. Taxes and other receivables from state authorities	3.7	0.0	0.0	0.2	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)	421.2	371.4	311.5	331.4	334.1
I. Long-term receivables	—	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.0
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	—	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	371.7	329.7	285.0	296.0	303.1
1. Tangible fixed assets	371.3	329.2	284.0	294.5	302.8
- Cost	1,744.1	1,740.0	1,725.2	1,704.2	0.0
- Accumulated depreciation	-1,372.7	-1,410.8	-1,441.2	-1,409.8	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	0.4	0.4	1.0	1.6	0.2
- Cost	4.0	3.5	3.5	3.5	0.0
- Accumulated depreciation	-3.6	-3.1	-2.5	-1.9	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	32.6	23.1	12.9	22.8	21.4
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	32.6	23.1	12.9	22.8	0.0
V. Long-term financial investments	6.8	6.8	6.8	6.8	6.8
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	6.8	6.8	6.8	6.8	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	10.1	11.8	6.8	5.7	0.0
1. Long-term prepayments	10.1	11.8	6.8	5.7	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	2.9
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)	2,514.2	2,642.7	2,360.5	2,280.0	2,294.6
A. LIABILITIES (300=210+330)	1,041.3	1,181.3	938.8	934.8	962.2
I. Short -term liabilities	1,041.3	1,181.3	938.8	934.8	962.2
1. Short-term trade accounts payable	175.2	265.3	277.7	278.4	296.7
2. Short-term advances from customers	14.6	11.5	1.0	3.2	0.9
3. Taxes and other payables to state authorities	13.1	15.3	33.3	13.5	0.0
4. Payable to employees	77.9	116.4	156.9	80.9	0.0
5. Short-term acrrued expenses	12.6	26.3	39.1	37.8	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	19.0	20.9	24.5	26.9	0.0
10. Short-term borrowings and financial leases	712.7	715.8	399.7	490.8	542.5
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	16.3	9.9	6.6	3.4	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	—	0.0	0.0	0.0	0.0
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	—	0.0	0.0	0.0	0.0
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)	1,472.9	1,461.5	1,421.7	1,345.1	1,332.4
I. Owner's equity	1,472.9	1,461.5	1,421.7	1,345.1	0.0
1. Owner's capital	1,128.6	1,128.6	1,128.6	1,128.6	1,332.4
- Common stock with voting right	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00
- 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	142.5	125.7	110.3	101.4	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	15.3	15.3	15.3	15.3	0.0
11. Undistributed earnings after tax	186.5	191.9	167.5	99.8	94.7
- Accumulated retained earning at the end of the previous period	22.3	23.5	19.2	11.4	27.8
- Undistributed earnings in this period	164.2	168.4	148.3	88.3	66.9
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)	2,514.2	2,642.7	2,360.5	2,280.0	2,294.6

Item	2025	2024	2023	2022	2021
Profit Before Tax	207.5	216.2	186.3	112.5	0.0
Depreciation of Fixed Assets and Investment Property	81.3	62.9	60.0	59.4	0.0
Provision (Increase)/Reversal	-0.1	-26.1	22.5	-1.4	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.0	-0.0	-0.0	-0.0	0.0
Gain/Loss from Investment Activities	-47.0	-44.4	-20.1	-15.4	0.0
Interest Expense	31.1	15.1	17.4	18.4	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	272.8	223.7	266.1	173.5	0.0
Increase/(Decrease) in Receivables	-23.9	179.9	330.3	-98.7	0.0
Increase/(Decrease) in Inventory	-369.4	-272.3	174.1	-257.1	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-147.5	-119.3	103.6	89.6	0.0
Increase/(Decrease) in Prepaid Expenses	-0.2	-5.1	-1.5	-1.8	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-31.0	-14.9	-17.6	-18.4	0.0
Corporate Income Tax Paid	-44.0	-66.8	-19.8	-22.3	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-10.5	-12.8	-6.2	-4.7	0.0
Net Cash Flow from Operating Activities	-353.7	-87.6	829.1	-140.1	-52.4
Payments for Fixed Assets and Other Long-term Assets	-128.6	-56.2	-69.5	-43.4	-34.5
Proceeds from Disposal of Fixed Assets and Long-term Assets	9.7	12.7	6.3	3.1	1.3
Loans and Purchases of Debt Instruments	-1,000.0	-1,675.0	-1,095.0	-385.0	-750.0
Receipts from Loan Repayments and Sale of Debt Instruments	1,580.0	1,570.0	450.0	700.0	370.0
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	35.5	31.8	14.8	12.2	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	496.6	-116.6	-693.4	287.0	-404.8
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	3,030.7	2,596.0	2,129.0	2,179.2	2,386.4
Repayment of Borrowings	-3,033.7	-2,279.8	-2,220.1	-2,231.0	-1,983.5
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-135.4	-112.9	-67.7	-67.7	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	-138.5	203.3	-158.8	-119.4	402.8
Net Cash Flow During the Period	4.5	-1.0	-23.1	27.5	-0.8
Cash and Cash Equivalents at Beginning of Period	21.6	22.6	45.8	18.3	72.6
FX Difference from Revaluation	0.0	0.0	0.0	0.0	-0.0
Cash and Cash Equivalents at End of Period	26.1	21.6	22.6	45.8	18.3

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	1,758.2	375.0	735.0	1,132.4	1,648.1	627.2	845.8	635.1	1,491.9	573.9	843.2	897.5
Revenue Deductions	53.5	7.0	26.9	50.5	62.3	22.9	33.5	30.1	47.6	24.7	32.7	29.9
Net Revenue	1,704.7	368.0	708.1	1,081.9	1,585.8	604.2	812.3	605.0	1,444.3	549.3	810.5	867.7
Cost of Goods Sold	1,542.1	282.5	594.8	923.3	1,342.0	430.7	687.5	430.4	1,294.5	357.9	698.7	741.9
Gross Profit	162.6	85.5	113.3	158.6	243.8	173.5	124.8	174.6	149.8	191.3	111.8	125.7
Financial Income	0.3	16.1	3.4	12.0	5.7	11.5	3.6	10.4	6.3	10.9	0.9	3.1
Financial Expenses	9.8	10.9	7.4	6.0	7.4	6.5	4.0	3.2	3.9	3.8	3.2	4.5
Interest Expense	9.8	10.4	7.4	6.0	7.3	4.9	4.0	2.6	3.5	3.1	2.5	3.1
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	47.1	36.1	40.7	42.2	61.4	64.2	41.1	46.6	36.8	50.6	35.5	37.8
General and Administrative Expenses	61.2	37.0	43.8	59.2	91.1	77.1	43.2	58.7	49.7	82.3	38.4	46.9
Operating Profit	44.9	17.5	24.7	63.1	89.7	37.2	40.0	76.4	65.7	65.4	35.5	39.5
Other Income	1.5	8.4	0.4	2.4	0.1	2.0	1.0	10.3	0.2	4.8	0.3	1.4
Other Expenses	0.1	0.0	0.0	0.1	0.1	13.8	0.2	2.6	0.0	2.0	0.0	0.2
Other Profit	1.3	8.4	0.4	2.3	0.0	-11.8	0.7	7.8	0.2	2.8	0.3	1.2
Profit Before Tax	46.2	25.9	25.1	65.4	89.7	25.4	40.8	84.2	65.8	68.2	35.8	40.7
Current Income Tax Expense	9.2	5.8	5.0	14.3	17.9	8.3	8.1	16.9	13.4	13.9	7.2	8.4
Deferred Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	37.0	20.1	20.1	51.2	71.8	17.1	32.7	67.3	52.5	54.3	28.7	32.3
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	37.0	20.1	20.1	51.2	71.8	17.1	32.7	67.3	52.5	54.3	28.7	32.3
Earnings per Share	295.00	179.00	160.00	408.00	572.00	136.00	261.00	737.00	465.00	433.00	229.00	258.00
Diluted EPS	327.69	178.52	177.87	453.53	635.82	151.35	289.56	596.39	465.03	481.14	254.06	286.49

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)	2,100.7	2,102.3	2,486.0	2,440.9	2,211.2	2,271.3	1,988.8	2,031.9	1,902.4	2,048.7	1,658.2	1,720.0
I. Cash and cash equivalents	43.2	16.1	32.6	25.4	35.9	21.6	20.6	23.2	44.6	22.6	19.7	22.8
1. Cash	43.2	16.1	32.6	25.4	35.9	21.6	20.6	23.2	44.6	22.6	19.7	22.8
2. Cash equivalents	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	235.0	245.0	680.0	744.8	670.0	815.0	915.0	815.0	665.0	710.0	550.0	375.0
1. Available for sale securities	235.0	245.0	680.0	744.8	670.0	815.0	915.0	815.0	665.0	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	—	—	—	—	—	0.0	0.0	0.0	0.0	710.0	550.0	375.0
III. Short-term receivables	789.8	77.1	492.2	662.7	638.0	95.2	232.7	314.3	727.1	274.6	515.3	680.3
1. Short-term trade accounts receivable	784.0	56.1	471.8	625.8	626.2	118.0	227.1	310.8	723.7	287.8	512.3	692.1
2. Short-term prepayments to suppliers	25.9	44.3	41.3	59.6	30.5	2.3	24.9	24.9	23.3	11.6	27.7	14.2
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	5.3	2.1	4.6	2.6	6.8	0.5	6.4	4.3	5.8	0.9	4.3	3.0
7. Provision for short-term doubtful debts (*)	-25.4	-25.4	-25.4	-25.4	-25.5	-25.5	-25.7	-25.7	-25.7	-25.7	-29.0	-29.0
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	1,016.0	1,705.6	1,262.0	1,002.7	862.4	1,335.8	816.3	873.6	459.0	1,037.8	569.2	638.4
1. Inventories	1,016.0	1,705.6	1,262.0	1,002.7	862.4	1,335.8	842.1	899.4	484.8	1,063.6	569.2	638.4
2. Provision for decline in value of inventories	—	—	—	—	—	0.0	-25.8	-25.8	-25.8	-25.8	0.0	0.0
V. Other short-term assets	16.7	58.6	19.1	5.3	5.0	3.6	4.3	5.8	6.7	3.7	4.0	3.5
1. Short-term prepayments	6.0	5.5	5.4	4.4	4.6	3.6	4.1	5.3	6.0	3.6	3.9	3.0
2. Value added tax to be reclaimed	10.6	49.4	13.7	0.9	0.3	0.0	0.1	0.2	0.6	0.1	0.0	0.0
3. Taxes and other receivables from state authorities	0.0	3.7	0.0	0.0	0.0	0.0	0.0	0.3	0.1	0.0	0.0	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)	466.2	415.2	386.1	370.2	371.2	371.4	318.8	302.3	305.5	311.5	338.4	328.1
I. Long-term receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	375.2	365.1	331.9	341.4	346.4	329.7	255.0	263.7	274.7	285.0	274.0	284.5
1. Tangible fixed assets	374.8	364.7	331.3	341.2	346.1	329.2	254.4	263.0	273.9	284.0	272.8	283.2
- Cost	1,764.5	—	—	—	—	1,740.0	1,696.1	1,689.8	1,730.0	1,725.2	1,719.5	1,714.8
- Accumulated depreciation	-1,389.7	—	—	—	—	-1,410.8	-1,441.7	-1,426.7	-1,456.1	-1,441.2	-1,446.7	-1,431.7
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	0.4	0.4	0.6	0.2	0.3	0.4	0.6	0.7	0.9	1.0	1.1	1.3
- Cost	4.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-3.6	—	—	—	—	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	73.5	33.2	38.9	12.8	7.4	23.1	49.8	28.3	19.5	12.9	53.2	31.9
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	73.5	33.2	38.9	12.8	7.4	23.1	49.8	28.3	19.5	12.9	53.2	31.9
V. Long-term financial investments	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8
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	—	—	—	—	—	0.0	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	0.0
VI. Other long-term assets	10.7	10.1	8.5	9.2	10.6	11.8	7.2	3.4	4.4	6.8	4.4	5.0
1. Long-term prepayments	10.7	10.1	8.5	9.2	10.6	11.8	7.2	3.4	4.4	6.8	4.4	5.0
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	—	—	—	—	—	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)	2,566.9	2,517.5	2,872.0	2,811.2	2,582.4	2,642.7	2,307.5	2,334.2	2,207.9	2,360.2	1,996.6	2,048.2
A. LIABILITIES (300=210+330)	1,057.0	1,045.5	1,420.2	1,379.5	1,049.1	1,181.2	862.1	921.4	733.7	938.5	634.4	714.5
I. Short -term liabilities	1,057.0	1,045.5	1,420.2	1,379.5	1,049.1	1,181.2	862.1	921.4	733.7	938.5	634.4	714.5
1. Short-term trade accounts payable	206.5	173.0	215.7	180.2	242.4	265.3	90.0	234.2	146.1	277.7	136.5	211.7
2. Short-term advances from customers	1.1	14.6	0.7	1.7	1.6	11.5	3.5	7.9	2.5	1.0	0.7	2.2
3. Dividends and profits payable	0.5	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	8.2	12.8	25.4	32.8	20.3	15.2	30.0	21.4	15.5	33.3	26.6	22.2
4. Payable to employees	143.7	77.4	198.1	218.8	175.0	116.4	204.6	161.8	176.8	156.9	109.3	106.9
5. Short-term acrrued expenses	52.1	19.8	45.3	21.2	51.8	26.2	36.7	43.5	53.5	38.8	45.0	53.0
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	39.4	18.9	22.6	211.6	33.4	20.9	25.3	142.1	28.7	24.5	22.1	92.6
10. Short-term borrowings and financial leases	591.6	712.7	828.8	636.7	508.1	715.8	424.3	263.5	284.4	399.7	237.4	175.6
11. Provision for short-term liabilities	—	—	65.7	56.5	11.5	0.0	33.4	30.9	22.0	0.0	47.9	40.3
12.. Bonus and welfare fund	13.9	16.3	17.7	20.1	5.1	9.9	14.4	16.1	4.1	6.6	8.8	9.9
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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)	1,509.9	1,472.0	1,451.8	1,431.7	1,533.3	1,461.6	1,445.4	1,412.8	1,474.2	1,421.7	1,362.3	1,333.6
I. Owner's equity	1,509.9	1,472.0	1,451.8	1,431.7	1,533.3	1,461.6	1,445.4	1,412.8	1,474.2	1,421.7	1,362.3	1,333.6
1. Owner's capital	1,128.6	1,128.6	1,128.6	1,128.6	1,128.6	1,128.6	1,128.6	1,128.6	1,128.6	1,128.6	1,128.6	1,128.6
- Common stock with voting right	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00	1,128,564,000,000.00
- 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	142.5	142.5	142.5	142.5	125.7	125.7	125.7	125.7	110.3	110.3	110.3	110.3
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	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3	15.3
11. Undistributed earnings after tax	223.5	185.5	165.4	145.2	263.7	192.0	175.8	143.2	220.0	167.5	108.1	79.4
- Accumulated retained earning at the end of the previous period	186.5	22.3	22.3	22.3	191.9	174.9	143.2	75.9	167.5	113.2	79.1	47.2
- Undistributed earnings in this period	37.0	163.3	143.1	122.9	71.8	17.1	32.7	67.3	52.5	54.2	28.9	32.3
12. Reserves for investment in construction	—	—	—	—	—	0.0	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	0.0
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)	2,566.9	2,517.5	2,872.0	2,811.2	2,582.4	2,642.7	2,307.5	2,334.2	2,207.9	2,360.2	1,996.6	2,048.2

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	—	52.2	—	155.3	—	0.0	-150.1	150.1	0.0	186.3	-82.2	82.2
Depreciation of Fixed Assets and Investment Property	—	42.6	—	38.7	—	0.0	-30.0	30.0	0.0	60.0	-29.4	29.4
Provision (Increase)/Reversal	—	-56.5	—	56.4	—	0.0	-29.4	29.4	0.0	22.5	-40.2	40.2
FX Gain/Loss from Revaluation of Monetary Items	—	-0.0	—	—	—	0.0	0.0	0.0	0.0	-0.0	0.0	0.0
Gain/Loss from Investment Activities	—	-27.6	—	-19.4	—	0.0	24.2	-24.2	0.0	-20.1	3.9	-3.9
Interest Expense	—	17.8	—	13.3	—	0.0	-6.1	6.1	0.0	17.4	-11.5	11.5
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	—	28.5	—	244.3	—	0.0	-191.4	191.4	0.0	266.1	-159.4	159.4
Increase/(Decrease) in Receivables	—	544.4	—	-568.3	—	0.0	39.3	-39.3	0.0	330.3	80.1	-80.1
Increase/(Decrease) in Inventory	—	-702.6	—	333.1	—	0.0	-164.2	164.2	0.0	174.1	-595.2	595.2
Increase/(Decrease) in Payables (Excl. Interest and CIT)	—	-231.0	—	83.5	—	0.0	21.1	-21.1	0.0	103.6	12.3	-12.3
Increase/(Decrease) in Prepaid Expenses	—	-2.0	—	1.9	—	0.0	-1.6	1.6	0.0	-1.5	-0.4	0.4
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	-17.2	—	-13.8	—	0.0	6.4	-6.4	0.0	-17.6	11.5	-11.5
Corporate Income Tax Paid	-14.1	-29.5	0.0	0.0	-14.5	0.0	43.2	-10.5	-32.7	-13.2	5.3	0.0
Other Operating Receipts	25.4	—	—	—	—	-29.6	29.5	-14.7	14.7	-28.2	27.8	-12.6
Other Operating Payments	-42.6	34.8	-38.6	70.1	-76.7	39.7	-33.2	54.8	-61.3	40.3	-43.4	50.9
Net Cash Flow from Operating Activities	198.9	-253.6	-159.6	-74.0	133.6	-52.6	-188.2	143.2	97.6	641.8	-449.0	288.7
Payments for Fixed Assets and Other Long-term Assets	-62.3	-110.8	48.4	-3.9	-62.4	9.3	14.4	-12.0	-11.7	-57.9	26.4	-16.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	1.2	8.2	—	1.5	—	-0.8	-6.9	7.7	0.0	6.3	-0.8	0.8
Loans and Purchases of Debt Instruments	—	-255.0	—	-745.0	—	0.0	815.0	-815.0	0.0	-1,095.0	385.0	-385.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	765.0	—	815.0	—	0.0	-710.0	710.0	0.0	450.0	-75.0	75.0
Investments in Other Entities	—	—	—	—	—	0.0	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	0.0
Dividends and Interest Income Received	0.3	32.1	-14.6	12.3	5.7	-3.6	-13.4	10.7	6.3	13.9	-2.2	3.1
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	-60.8	446.0	27.3	-65.1	88.4	105.0	-0.9	-143.7	39.6	-507.7	158.4	-322.5
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	0.00	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	0.00
Proceeds from Borrowings	720.4	2,301.4	-718.8	816.3	631.7	-649.8	-505.6	589.9	565.5	1,571.0	-438.0	558.4
Repayment of Borrowings	-841.5	-2,496.6	989.9	-687.7	-839.4	489.0	802.5	-610.8	-680.7	-1,723.9	814.9	-532.3
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	-135.4	—	—	111.1	-111.1	0.0	0.0	-1.2	-66.5	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	-121.1	-195.2	135.7	128.6	-207.7	-49.7	185.8	-20.9	-115.2	-154.1	310.4	26.0
Net Cash Flow During the Period	17.1	-2.7	3.4	-10.5	14.3	2.7	-3.3	-21.3	21.9	-20.0	19.9	-7.9
Cash and Cash Equivalents at Beginning of Period	26.1	32.6	25.4	35.9	21.6	0.0	23.2	22.6	22.6	45.8	22.8	45.8
FX Difference from Revaluation	—	0.0	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	43.2	26.1	32.6	25.4	35.9	0.0	20.6	23.2	44.6	22.6	19.7	22.8

Explore Other Stocks In The Same Sector

DCM, DPM, DDV, BFC, VFG, VAF, NFC, SFG, PCE, VPS, PSE, PMB, PSW, AVG, SPC, DHB, CPC, DOC, BT1, HSI, QBS, ABS

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

LAS

What Is Changing

Drivers of LAS'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