LDW

Cấp thoát nước Lâm Đồng ·UPCOM ·2026Q1

▼▼ Declining sharply

Margins remain under pressure Net margin 25.01%, −5.14pp YoY

Price

28,000

Latest close

15 Apr 2026

P/E 27.53x

P/B 2.22x

EPS 1,017

BVPS 12,596

ROE 8.1%

ROA 6.7%

Profit Margin 25.0%

Asset Turnover 0.27x

Equity Mult. 1.21x

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

What Is Changing

On a TTM 2026Q1 basis, LDW is retaining some revenue, but margins are collapsing sharply — profit momentum has been slowing across consecutive periods. More notably, a significant portion of profit is supported by non-core sources, further affecting earnings quality.

	                            
	                                TTM REVENUE
	                            
	                                    VND 321bn
	                                
+0.9%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 80bn
	                                
−16.3%YoY

	                            
	                                Net financial result / PBT
	                            
	                                    36.3%
	                                
affects earnings quality

Metric	2025	2024	2023	2022	2021
Revenue	319.6	319.7	297.1	277.6	233.7
Growth	-0%	+8%	+7%	+19%	—
Net Income	80.4	99.7	79.1	56.7	34.6
Net Margin	25.15%	31.19%	26.61%	20.42%	14.80%

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	81.7	74.3	83.6	81.1	80.6	74.2	82.0	81.0	82.4	70.9	76.6	75.9
Growth	+10%	-11%	+3%	+1%	+9%	-10%	+1%	-2%	+16%	-8%	+1%	—
Net Income	21.4	16.7	22.0	20.1	21.9	26.1	25.8	22.0	26.2	17.2	23.9	19.9
Net Margin	26.18%	22.46%	26.35%	24.79%	27.22%	35.16%	31.45%	27.15%	31.74%	24.25%	31.14%	26.29%

Drivers of LDW's profit

TTM

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

Administrative expenses ↓ 4.1bn

Tax ↓ 3.5bn

Financial income ↓ 18.6bn

Gross profit ↓ 4.6bn

TTM

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

Finance costs ↓ 0.4bn

Tax ↓ 0.1bn

Administrative expenses ↓ 0.1bn

Gross profit ↓ 0.8bn

Financial income ↓ 0.3bn

Selling expenses ↑ 0.1bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 9.8% = 30.1% × 0.26 × 1.24

2026Q1 8.1% = 25.0% × 0.27 × 1.21

ROE fell from 9.8% to 8.1% — net margin weakened the most, though asset turnover still provided support.

Net margin: 25.0% -5.1pp Asset turnover: 0.27x +0.00x Leverage: 1.21x -0.03x

Is the profit sustainable?

Margins are under pressure while earnings still rely significantly on non-core sources.

very positive positive stable watch under pressure

What is driving the margin?

Net margin fell to 25.01%, losing 5.1pp. The main pressure is Gross margin fell 1.7pp, outweighing the improvement in SG&A / Revenue fell 1.1pp (with lingering pressure from Net financial result / Revenue fell 5.5pp and Other profit / Revenue fell 0.1pp).

The pressure comes from non-core items while core operations hold their rhythm — margin has a basis to recover once this factor passes.

Profitability trend

Net Margin 25.01% −5.1pp

Gross Margin 26.78% −1.7pp

SG&A / Revenue 6.55% −1.1pp

Non-core / Revenue 11.11% −5.6pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Financial result share remains high

Even though contribution decreased by 5.6pp, financial result still accounts for 37.2% of PBT — earnings durability should be monitored in coming periods.

Is capital being used efficiently?

Capital efficiency for utilities should be read alongside regulated tariffs and long-cycle depreciation — ROIC of 7.2% reflects a large fixed-asset base.

Is capital being deployed efficiently?

ROIC narrowed to 7.19%, falling 1.3pp. That translates to 7.19 in after-tax operating profit for every 100 units of operating capital. The main pressure came from NOPAT margin narrowed 5.1pp, outweighing the movement in capital turnover; with invested capital holding roughly steady.

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 7.19% −1.3pp

NOPAT Margin 25.23% −5.1pp

Capital Turnover 0.28x +0.00x

Average Invested Capital 1,125.9bn −2.6bn

Balance Sheet

ROIC for utilities reflects a large fixed-asset base and regulated tariffs — the balance sheet below adds perspective. Capital structure is conservative with low leverage — liabilities at 0.21x equity, net debt at 0.12x equity.

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 2.4 days versus the same period last year. The main moves came from DIO rose 2.4 days, DSO fell 0.4 days, and DPO fell 0.3 days.

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

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 is lengthening

CCC is up by +2.4 days, indicating weaker working-capital turnover versus the prior year.

Inventory turnover is slowing

DIO increased by +2.4 days, suggesting more capital is being tied up in inventories.

Working Capital Efficiency

Receivables 8.2 days −0.4 days

Inventory 17.6 days +2.4 days

Payables 20.7 days −0.3 days

Cash Conversion Cycle 5.1 days +2.4 days

Is financial risk significant?

Leverage is safe but FCF is negative at 8.1bn due to capex of 47.6bn — an investment choice, not an urgent risk.

Leverage & Liquidity

Leverage looks fairly comfortable, with net debt / equity at 0.12x and interest coverage at 9.39x.

At present, short-term debt accounts for 14.1% of total debt, cash equals 24.1% of debt, and total debt stands at 161.5bn.

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

Watchpoints

Cash buffer is thin relative to debt

Cash / debt stands at 24.1%, leaving limited liquidity buffer to monitor.

Leverage and liquidity trend

Net Debt / Equity 0.12x −0.02x

Interest Coverage 9.39x −0.44x

Cash / Debt 24.1% +3.4pp

Short-term Debt / Total Debt 14.1% +1.7pp

CFO / NI 0.49x −0.39x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 40.6bn in 2025, against investing cash flow of 36.1bn.

Post-investment cash flow was positive +76.7bn. Financing cash flow was negative +70.9bn.

CFO / net income was 0.49x.

After spending +47.6bn on fixed-asset investment, the business generated trailing free cash flow of −8.1bn.

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 39.5bn −44.8bn

Cash Capex 47.6bn +38.2bn

FCF TTM −8.1bn −83.1bn

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. Even so, earnings quality still needs closer monitoring because net financial result remains elevated. The main risk still sits in core profitability, with net margin down 5.1 pp.

Watchpoint: the earnings mix still needs monitoring, with net financial result still accounting for 36.3% of PBT and CFO / net income currently at 0.49x.

Key risk: profitability remains under pressure, with trailing-12M net margin at 25.01% after a 5.1pp decline versus the same period last year.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	319.6	319.7	297.1	277.6	233.7
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	319.6	319.7	297.1	277.6	233.7
Cost of Goods Sold	232.9	228.2	219.3	212.7	0.0
Gross Profit	86.7	91.5	77.7	64.8	37.4
Financial Income	47.6	69.3	55.5	41.9	41.3
Financial Expenses	11.2	13.1	13.9	15.3	-16.7
Interest Expense	11.2	12.6	13.9	15.3	-16.7
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	5.4	4.2	4.1	4.9	-5.2
General and Administrative Expenses	16.2	18.3	16.6	15.2	-12.6
Operating Profit	101.6	125.2	98.6	71.4	44.3
Other Income	0.4	0.6	1.9	0.7	0.0
Other Expenses	1.2	1.2	1.6	1.2	0.0
Other Profit	-0.9	-0.5	0.3	-0.5	-0.9
Profit Before Tax	100.8	124.7	98.9	70.9	43.3
Current Income Tax Expense	20.5	25.3	20.1	14.5	-8.7
Deferred Income Tax Expense	-0.1	-0.3	-0.2	-0.2	0.0
Net Income	80.4	99.7	79.1	56.7	34.6
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	80.4	99.7	79.1	56.7	34.6
Earnings per Share	682.00	901.00	611.00	486.00	439.00
Diluted EPS	682.00	1,265.25	1,003.25	719.21	438.93

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	98.5	89.9	648.4	640.0	371.3
I. Cash and cash equivalents	44.4	38.6	38.9	34.8	25.2
1. Cash	34.2	38.6	38.9	34.8	0.0
2. Cash equivalents	10.2	0.0	0.0	0.0	0.0
II. Short-term financial investments	7.0	13.8	555.0	550.9	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	7.0	13.8	555.0	550.9	0.0
III. Short-term receivables	38.6	29.8	46.5	47.2	35.2
1. Short-term trade accounts receivable	5.3	5.6	5.2	5.6	0.0
2. Short-term prepayments to suppliers	9.9	0.6	1.3	0.5	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	27.8	27.6	44.0	46.3	0.0
7. Provision for short-term doubtful debts (*)	-4.3	-4.0	-4.0	-5.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	8.5	7.6	8.0	7.0	9.8
1. Inventories	11.7	11.1	11.1	9.4	0.0
2. Provision for decline in value of inventories	-3.2	-3.5	-3.1	-2.3	0.0
V. Other short-term assets	—	0.0	0.0	0.0	0.3
1. Short-term prepayments	—	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	—	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	—	0.0	0.0	0.0	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)	1,081.2	1,107.9	528.1	533.3	1,089.8
I. Long-term receivables	—	0.0	0.0	0.3	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.2
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	—	0.0	0.0	0.3	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	425.2	436.8	446.4	473.6	780.8
1. Tangible fixed assets	423.7	435.2	445.0	472.2	779.2
- Cost	1,078.3	1,051.1	1,022.2	1,007.1	0.0
- Accumulated depreciation	-654.6	-616.0	-577.2	-534.9	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	1.4	1.6	1.3	1.4	1.5
- Cost	2.6	2.6	2.1	2.0	0.0
- Accumulated depreciation	-1.1	-0.9	-0.8	-0.6	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	4.8	2.6	1.5	0.7	7.5
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	4.8	2.6	1.5	0.7	0.0
V. Long-term financial investments	638.0	653.2	63.3	38.7	276.1
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	11.1	11.1	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	638.0	653.2	52.2	27.6	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	13.2	15.3	16.9	19.9	0.0
1. Long-term prepayments	8.2	8.9	10.6	12.5	0.0
2. Deferred income tax assets	0.8	0.8	0.4	0.2	0.0
3. Long-term equipment, supplies, spare parts	4.3	5.7	5.8	7.1	0.0
4. Other long-term assets	—	0.0	0.0	0.0	25.3
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)	1,179.7	1,197.8	1,176.5	1,173.3	1,461.1
A. LIABILITIES (300=210+330)	208.5	229.1	244.2	271.9	290.0
I. Short -term liabilities	69.3	67.1	59.5	64.2	59.2
1. Short-term trade accounts payable	11.8	12.6	12.3	14.3	12.8
2. Short-term advances from customers	0.3	0.5	0.5	0.6	1.2
3. Taxes and other payables to state authorities	6.7	8.9	7.0	12.2	0.0
4. Payable to employees	13.2	9.5	8.3	8.0	0.0
5. Short-term acrrued expenses	3.4	3.5	3.5	3.7	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	—	0.0	0.0	0.0	0.0
9. Other short-term payables	1.4	1.6	1.4	1.4	0.0
10. Short-term borrowings and financial leases	22.8	22.8	22.8	22.8	22.8
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	9.6	7.8	3.7	1.2	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	139.2	162.0	184.8	207.7	230.8
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	0.5	0.5	0.5	0.4	0.0
8. Long-term borrowings and financial leases	138.7	161.5	184.3	207.1	229.9
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	0.2	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	971.2	968.7	932.3	901.4	1,171.2
I. Owner's equity	971.2	968.7	932.3	901.4	0.0
1. Owner's capital	788.0	788.0	788.0	788.0	875.8
- Common stock with voting right	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	28.5	28.5	28.5	28.5	28.5
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	19.1	19.1	19.1	16.9	1.2
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	45.0	22.1	6.3	0.0	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	79.3	99.7	79.1	56.7	34.6
- Accumulated retained earning at the end of the previous period	—	0.0	0.0	0.0	0.0
- Undistributed earnings in this period	79.3	99.7	79.1	56.7	34.6
12. Reserves for investment in construction	11.3	11.3	11.3	11.3	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	295.3
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,179.7	1,197.8	1,176.5	1,173.3	1,461.1

Item	2025	2024	2023	2022	2021
Profit Before Tax	—	0.0	0.0	0.0	0.0
Depreciation of Fixed Assets and Investment Property	—	0.0	0.0	0.0	0.0
Provision (Increase)/Reversal	—	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	—	0.0	0.0	0.0	0.0
Interest Expense	—	0.0	0.0	0.0	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	—	0.0	0.0	0.0	0.0
Increase/(Decrease) in Receivables	—	0.0	0.0	0.0	0.0
Increase/(Decrease) in Inventory	—	0.0	0.0	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	—	0.0	0.0	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	—	0.0	0.0	0.0	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	—	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	-23.0	-23.0	-23.4	-8.5	0.0
Other Operating Receipts	6.6	12.4	11.5	7.3	0.0
Other Operating Payments	-70.2	-64.4	-60.0	-44.8	0.0
Net Cash Flow from Operating Activities	40.6	56.4	46.7	64.2	26.9
Payments for Fixed Assets and Other Long-term Assets	-34.5	-31.0	-15.9	-18.5	-1.9
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.4	0.0	0.0	0.2
Loans and Purchases of Debt Instruments	—	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
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	26.4	0.0	0.0	0.0
Dividends and Interest Income Received	47.9	70.3	54.6	25.2	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	36.1	6.3	9.9	-5.8	-1.7
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	—	0.0	0.0	0.0	0.0
Repayment of Borrowings	-22.8	-22.8	-22.8	-22.8	-16.8
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-48.1	-40.2	-29.8	-26.0	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	-70.9	-63.0	-52.6	-48.8	-16.8
Net Cash Flow During the Period	5.8	-0.3	4.0	9.6	-12.0
Cash and Cash Equivalents at Beginning of Period	38.6	38.9	34.8	25.2	16.9
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	44.4	38.6	38.9	34.8	25.2

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
Revenue	81.7	74.3	83.6	81.1	80.6	74.2	82.0	81.0	82.4	70.9	76.6	75.9
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	81.7	74.3	83.6	81.1	80.6	74.2	82.0	81.0	82.4	70.9	76.6	75.9
Cost of Goods Sold	58.6	57.2	59.4	59.6	56.6	57.0	56.5	57.1	56.0	54.0	53.3	56.3
Gross Profit	23.1	17.1	24.1	21.6	23.9	17.2	25.5	23.9	26.4	16.8	23.4	19.6
Financial Income	11.5	12.0	12.0	11.9	11.7	25.4	14.5	14.3	15.1	15.4	15.4	14.2
Financial Expenses	2.5	2.7	2.8	2.8	2.9	3.0	3.1	3.2	3.2	3.4	3.5	3.6
Interest Expense	2.5	2.7	2.8	2.8	—	3.0	3.1	3.2	3.2	3.4	3.5	3.6
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	1.4	1.2	1.4	1.4	1.3	1.2	1.0	0.9	1.0	0.8	0.9	1.5
General and Administrative Expenses	3.6	4.0	4.3	3.8	3.7	5.8	3.9	6.4	4.2	5.0	4.5	3.2
Operating Profit	27.0	21.2	27.7	25.5	27.7	32.5	32.0	27.8	33.0	23.0	29.8	25.4
Other Income	0.0	0.1	0.1	0.1	0.1	0.0	0.5	0.1	0.1	0.0	0.4	0.2
Other Expenses	0.3	0.3	0.3	0.4	0.3	0.3	0.3	0.3	0.3	1.3	0.3	0.6
Other Profit	-0.2	-0.2	-0.1	-0.3	-0.2	-0.3	0.2	-0.2	-0.2	-1.3	0.1	-0.4
Profit Before Tax	26.8	20.9	27.6	25.2	27.5	32.3	32.1	27.6	32.8	21.7	29.9	24.9
Current Income Tax Expense	5.4	4.3	5.6	5.1	5.5	6.5	6.3	5.6	6.6	4.6	6.0	5.0
Deferred Income Tax Expense	0.0	-0.1	0.0	0.0	0.0	-0.3	0.1	0.0	0.0	0.0	0.0	0.0
Net Income	21.4	16.7	22.0	20.1	21.9	26.1	25.8	22.0	26.2	17.2	23.9	19.9
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	21.4	16.7	22.0	20.1	21.9	26.1	25.8	22.0	26.2	17.2	23.9	19.9
Earnings per Share	271.00	212.00	279.00	255.00	278.00	331.00	327.00	279.00	332.00	218.00	303.00	254.00
Diluted EPS	271.00	212.00	279.00	255.23	278.27	331.17	327.37	279.14	332.01	218.08	302.81	253.17

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)	96.9	97.9	105.8	112.7	106.0	84.6	88.3	71.8	669.1	647.6	659.3	675.4
I. Cash and cash equivalents	39.0	34.2	43.5	80.9	38.2	38.6	42.9	56.0	45.2	38.5	46.4	40.8
1. Cash	34.0	34.2	43.5	80.9	38.2	38.6	42.9	56.0	45.2	38.5	46.4	40.8
2. Cash equivalents	5.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	5.0	17.2	22.0	15.8	15.8	8.8	14.8	0.8	555.8	555.0	570.9	608.4
1. Available for sale securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Held to maturity investments	5.0	17.2	22.0	15.8	15.8	8.8	14.8	0.8	555.8	555.0	570.9	608.4
III. Short-term receivables	44.3	38.6	30.4	6.2	42.4	31.4	22.4	11.4	64.1	46.5	35.1	20.3
1. Short-term trade accounts receivable	7.3	5.3	8.1	4.6	7.1	5.6	7.5	7.7	7.8	5.2	7.4	6.6
2. Short-term prepayments to suppliers	2.3	9.9	10.1	0.3	0.2	0.6	0.3	1.2	0.4	1.3	0.5	1.3
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	39.0	27.6	16.4	5.3	39.1	29.1	18.5	6.4	59.8	44.0	30.9	16.1
7. Provision for short-term doubtful debts (*)	-4.3	-4.2	-4.2	-4.0	-4.0	-3.9	-4.0	-4.0	-4.0	-4.0	-3.7	-3.7
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	7.4	7.9	9.4	9.0	8.6	5.8	7.7	2.9	3.7	7.5	6.6	5.9
1. Inventories	10.5	11.7	12.8	12.5	12.1	10.2	10.4	6.0	6.8	9.5	8.9	8.2
2. Provision for decline in value of inventories	-3.2	-3.8	-3.4	-3.4	-3.4	-4.4	-2.8	-3.1	-3.1	-1.9	-2.3	-2.3
V. Other short-term assets	1.2	—	0.6	0.7	1.0	0.0	0.5	0.7	0.4	0.0	0.4	0.0
1. Short-term prepayments	0.4	—	0.3	0.6	0.6	0.0	0.3	0.7	0.0	0.0	0.3	0.0
2. Value added tax to be reclaimed	0.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	0.4	—	0.2	0.0	0.5	0.0	0.1	0.0	0.4	0.0	0.1	0.0
4. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	1,092.3	1,081.9	1,079.0	1,100.6	1,103.8	1,113.3	1,108.3	1,132.6	533.6	529.8	520.3	492.3
I. Long-term receivables	—	—	—	—	—	0.0	0.0	0.2	0.0	0.3	0.3	0.3
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	0.2	0.0	0.3	0.3	0.3
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	416.5	425.9	427.7	427.8	431.9	436.8	432.6	435.6	443.1	446.4	450.0	456.9
1. Tangible fixed assets	415.1	424.5	426.2	426.3	430.3	435.2	431.4	434.4	441.8	445.0	448.7	455.6
- Cost	1,079.6	—	—	—	—	1,051.1	1,038.1	1,032.9	1,029.6	1,022.2	1,015.2	1,011.3
- Accumulated depreciation	-664.5	—	—	—	—	-616.0	-606.8	-598.5	-587.9	-577.2	-566.5	-555.8
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	1.4	1.4	1.5	1.5	1.6	1.6	1.2	1.3	1.3	1.3	1.3	1.3
- Cost	2.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-1.2	—	—	—	—	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	28.1	4.9	4.3	5.4	3.3	2.7	4.1	2.5	1.2	1.4	4.4	3.8
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	28.1	4.9	4.3	5.4	3.3	2.7	4.1	2.5	1.2	1.4	4.4	3.8
V. Long-term financial investments	633.0	638.0	633.0	653.2	653.2	658.2	653.7	673.3	68.3	63.3	46.7	11.1
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	—	—	—	—	0.0	5.5	11.1	11.1	11.1	11.1	11.1
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	633.0	638.0	633.0	653.2	653.2	658.2	648.2	662.2	57.2	52.2	35.5	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	14.7	13.1	14.0	14.2	15.5	15.6	17.9	20.9	21.0	18.4	18.8	20.1
1. Long-term prepayments	7.8	7.5	8.0	8.2	8.4	8.8	9.4	9.9	10.0	10.7	10.7	11.8
2. Deferred income tax assets	0.8	0.8	0.8	0.8	0.8	0.7	0.4	0.4	0.4	0.2	0.2	0.2
3. Long-term equipment, supplies, spare parts	6.1	4.8	5.3	5.2	6.3	6.1	8.1	10.5	10.5	7.5	7.9	8.1
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)	1,189.2	1,179.8	1,184.8	1,213.2	1,209.9	1,197.9	1,196.6	1,204.3	1,202.7	1,177.4	1,179.6	1,167.6
A. LIABILITIES (300=210+330)	196.6	208.5	230.2	280.4	219.3	228.8	253.6	287.1	244.3	244.1	263.5	275.7
I. Short -term liabilities	57.4	69.3	79.6	129.8	57.3	66.8	80.2	113.8	59.6	59.4	67.4	79.5
1. Short-term trade accounts payable	13.7	11.8	13.6	13.7	12.9	12.6	19.2	13.7	13.3	12.3	12.0	12.7
2. Short-term advances from customers	0.4	0.3	0.5	0.6	0.7	0.5	0.4	0.4	0.4	0.5	0.9	0.6
3. Taxes and other payables to state authorities	7.3	6.7	8.2	7.7	7.7	8.6	8.7	7.9	9.3	7.0	8.3	7.3
4. Payable to employees	5.8	13.2	11.9	8.5	6.3	9.5	9.5	8.5	6.0	8.2	9.2	8.8
5. Short-term acrrued expenses	5.5	3.4	6.0	7.1	4.9	3.5	5.8	3.1	5.6	3.5	6.5	1.8
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	1.3	1.4	1.9	50.9	1.6	1.6	1.7	42.0	1.8	1.4	1.5	14.3
10. Short-term borrowings and financial leases	22.8	22.8	22.8	22.8	22.8	22.8	22.8	22.8	22.8	22.8	22.8	22.8
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	0.5	9.6	14.9	18.4	0.5	7.8	12.0	15.4	0.4	3.7	6.2	11.2
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	139.2	139.2	150.6	150.6	162.0	162.0	173.4	173.4	184.8	184.8	196.1	196.1
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	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5
8. Long-term borrowings and financial leases	138.7	138.7	150.1	150.1	161.5	161.5	172.9	172.9	184.3	184.3	195.7	195.7
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)	992.6	971.3	954.6	932.9	990.6	969.1	943.0	917.2	958.4	933.3	916.1	892.0
I. Owner's equity	992.6	971.3	954.6	932.9	990.6	969.1	943.0	917.2	958.4	933.3	916.1	892.0
1. Owner's capital	788.0	788.0	788.0	788.0	788.0	788.0	788.0	788.0	788.0	788.0	788.0	788.0
- Common stock with voting right	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00	788,000,000,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	28.5	28.5	28.5	28.5	28.5	28.5	28.5	28.5	28.5	28.5	28.5	28.5
3. Convertible bond option	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	30.4	19.1	19.1	19.1	19.1	19.1	19.1	19.1	19.1	19.1	19.1	18.9
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	45.0	45.0	45.0	45.0	22.1	22.1	22.1	22.1	6.3	6.3	6.3	6.4
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	100.6	79.4	62.7	40.9	121.6	100.1	74.0	48.2	105.2	80.1	62.9	38.8
- Accumulated retained earning at the end of the previous period	79.3	—	—	—	99.7	0.0	0.0	0.0	79.1	0.0	0.0	0.0
- Undistributed earnings in this period	21.4	79.4	62.7	40.9	21.9	100.1	74.0	48.2	26.2	80.1	62.9	38.8
12. Reserves for investment in construction	—	11.3	11.3	11.3	11.3	11.3	11.3	11.3	11.3	11.3	11.3	11.3
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)	1,189.2	1,179.8	1,184.8	1,213.2	1,209.9	1,197.9	1,196.6	1,204.3	1,202.7	1,177.4	1,179.6	1,167.6

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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Depreciation of Fixed Assets and Investment Property	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Provision (Increase)/Reversal	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Inventory	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	-4.3	-5.5	-5.1	-5.5	-6.8	-6.4	-5.5	-6.6	-4.6	-5.8	-5.0	-4.8
Other Operating Receipts	4.5	—	—	—	—	1.0	3.3	39.9	-37.4	5.2	0.9	5.0
Other Operating Payments	-26.0	-10.5	-20.2	-20.0	-19.5	-12.2	-15.2	-16.7	-17.0	-13.9	-13.8	-18.7
Net Cash Flow from Operating Activities	2.4	-7.8	21.8	23.2	3.5	10.8	23.7	46.4	-18.9	7.9	18.6	14.4
Payments for Fixed Assets and Other Long-term Assets	-15.2	-6.9	-11.1	-14.4	-2.1	0.4	-5.6	-2.1	-8.8	-5.7	-2.7	-7.1
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	0.0	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	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	—	—	—	0.0	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	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	0.4	25.0	-22.7	45.3	0.2	-0.1	9.0	27.9	39.8	2.4	0.7	51.5
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	-2.6	28.1	-19.1	31.0	-3.9	-3.7	3.5	-24.2	25.2	-4.1	-0.1	14.4
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Borrowings	—	-11.4	0.0	-11.4	—	-11.4	0.0	-11.4	0.0	-11.4	-0.0	-11.4
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	-8.0	-40.1	—	—	0.0	-40.2	0.0	0.0	0.0	-12.9	-16.9
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	—	-19.4	-40.1	-11.4	—	-11.4	-40.2	-11.4	0.0	-11.4	-12.9	-28.3
Net Cash Flow During the Period	-0.2	0.8	-37.4	42.7	-0.4	-4.3	-13.0	10.8	6.3	-7.6	5.7	0.5
Cash and Cash Equivalents at Beginning of Period	34.2	43.5	80.9	38.2	38.6	38.9	38.9	38.9	38.9	34.8	34.8	34.8
FX Difference from Revaluation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	34.0	44.4	43.5	80.9	38.2	38.6	42.9	56.0	45.2	38.9	46.4	40.8

Explore Other Stocks In The Same Sector

BWE, DNW, BWS, DNP, DNN, TDM, VAV, HPW, HWS, PMW, KHW, CTW, DWC, VLW, NNT, NQN, THN, TDW, CLW, NBT, DWS, HDW, BTW, GDW, QNW, BDW, TOW, BNW, TBW, NBW, NDW, LAW, PWS, PJS, STW, NAW, NS2, CMW, TNW, NTW, BGW, NLS, NVP, GLW, NQB, LKW, THW, DVW, SII, TAW, VPW, NSL, TQW, DKW, BWA

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

LDW

What Is Changing

Drivers of LDW'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