NLG

Đầu tư Nam Long ·HOSE ·2026Q1

▼▼ Declining sharply

Margins remain under pressure Net margin 16.79%, −2.00pp YoY

Price

26,050

Latest close

02 Jun 2026

P/E 18.59x

P/B 0.85x

EPS 1,401

BVPS 30,737

ROE 4.5%

ROA 2.4%

Profit Margin 11.7%

Asset Turnover 0.21x

Equity Mult. 1.86x

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

What Is Changing

On a TTM 2026Q1 basis, NLG is declining on both revenue and margins simultaneously, showing pressure from multiple directions at once — 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 5,633bn
	                                
−32.0%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 946bn
	                                
−39.2%YoY

	                            
	                                CFO / Net Income
	                            
	                                    -0.69x
	                                
negative cash flow vs profit

Metric	2025	2024	2023	2022	2021
Revenue	5,645.1	7,196.1	3,181.4	4,338.8	5,205.5
Growth	-22%	+126%	-27%	-17%	—
Net Income	946.3	1,387.4	800.5	865.5	1,478.0
Net Margin	16.76%	19.28%	25.16%	19.95%	28.39%

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	1,279.4	1,704.2	1,877.2	772.6	1,291.2	6,368.5	370.6	252.3	204.6	1,636.0	357.0	953.3
Growth	-25%	-9%	+143%	-40%	-80%	+1619%	+47%	+23%	-87%	+358%	-63%	—
Net Income	109.5	504.9	234.0	97.5	109.9	1,327.2	-40.4	159.9	-65.0	481.8	70.9	231.5
Net Margin	8.56%	29.63%	12.47%	12.63%	8.51%	20.84%	-10.90%	63.36%	-31.77%	29.45%	19.87%	24.28%

Drivers of NLG's profit

TTM

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

Minority interests ↓ 574.4bn

Financial income ↑ 315.6bn

Administrative expenses ↓ 134.9bn

Deferred tax ↓ 124.3bn

Gross profit ↓ 1,068.8bn

Finance costs ↑ 259.5bn

TTM

Net profit attributable to parent declined vs prior quarter, mainly due to higher minority interests. Supporting and offsetting drivers:

Administrative expenses ↓ 52.8bn

Financial income ↑ 20.1bn

Finance costs ↓ 7.4bn

Minority interests ↑ 39.8bn

Gross profit ↓ 31.9bn

Deferred tax ↑ 23.6bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 11.2% = 18.8% × 0.29 × 2.06

2026Q1 6.4% = 16.8% × 0.21 × 1.86

ROE fell from 11.2% to 6.4% — all three components weakened, with leverage being the main drag.

Net margin: 16.8% -2.0pp Asset turnover: 0.21x -0.08x Leverage: 1.86x -0.21x

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 16.79%, losing 2.0pp. The main pressure is SG&A / Revenue rose 4.1pp, outweighing the improvement in Gross margin rose 0.3pp (in addition, Net financial result / Revenue rose 0.9pp added support while Other profit / Revenue fell 0.1pp 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 16.79% −2.0pp

Gross Margin 41.28% +0.3pp

SG&A / Revenue 22.06% +4.1pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Capital efficiency for residential developers should be read alongside project cycles and handover timing — ROIC of 5.7% fluctuates with handover cycles.

Is capital being deployed efficiently?

ROIC fell to 5.66%, losing 3.2pp. That translates to 5.66 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin narrowed 1.9pp and capital turnover fell 0.14x, with invested capital easing slightly by 876bn — pressure came from both operational efficiency and asset efficiency.

For real estate developers, ROIC moves with project cycles — this is a reference signal, and the real assessment needs upcoming handover periods.

CAPITAL EFFICIENCY TREND

ROIC 5.66% −3.2pp

NOPAT Margin 16.39% −1.9pp

Capital Turnover 0.35x −0.14x

Average Invested Capital 16,297.4bn −876.4bn

Balance Sheet

ROIC for residential developers swings with project cycles and handover timing — the balance sheet below adds perspective. Capital structure is notably light for the real estate sector — liabilities at 0.79x equity, net debt at 0.03x equity.

Development inventory ended the period at 8,677.6bn, about 32.7% of total assets — reflecting projects in progress awaiting handover.

Over the last 12 months, working capital absorbed 499.8bn 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: −4,563.2bn

Inventories decreased → higher CFO: +9,333.4bn

Payables decreased → lower CFO: −5,270.0bn

Is financial risk significant?

Leverage is safe but FCF is negative at 457.8bn due to capex of 2.0bn — an investment choice, not an urgent risk.

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 0.03x and interest coverage only at 1.87x.

At present, short-term debt accounts for 22.1% of total debt, cash equals 91.6% of debt, and total debt stands at 5,487.2bn.

Leverage for residential developers should be read alongside project cycles, development inventory, and handover timing.

Watchpoints

Interest coverage is thin

Interest coverage is 1.87x, leaving limited room to absorb financing costs.

Leverage and liquidity trend

Net Debt / Equity 0.03x −0.16x

Interest Coverage 1.87x −3.33x

Cash / Debt 91.6% +29.7pp

Short-term Debt / Total Debt 22.1% −19.8pp

CFO / NI -0.69x −1.87x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

Operating cash flow reached -872.6bn in 2025, against investing cash flow of 970.3bn.

Post-investment cash flow was positive +97.7bn. Financing cash flow was positive +1,273.3bn.

CFO / net income was -0.69x.

After spending +2.0bn on fixed-asset investment, the business generated trailing free cash flow of −457.8bn.

For residential developers, FCF and CFO swing with project cycles — negative during investment phases and positive at handover — not representative of single-year efficiency.

Cash Conversion

CFO TTM 455.8bn −1,276.3bn

Cash Capex 2.0bn −40.9bn

FCF TTM −457.8bn −1,235.4bn

Investment Takeaway

The business is under real pressure, but the current picture has not turned broadly adverse. A notable area has clearly weakened, making the near-term outlook hard to call bright; even so, other parts of the business are still holding up, with margins remain under pressure remaining the main constraint, with net margin down 2.0 pp. The next watchpoint is capital efficiency, with ROIC at 5.7%. The main offsetting support comes from earnings conversion is confirmed, with CFO/NI at -0.69x.

Improvement: earnings conversion looks more confirmed, with CFO / net income at -0.69x.

Watchpoint: Capital efficiency needs cycle context.

Key risk: profitability remains under pressure, with trailing-12M net margin at 16.79% after a 2.0pp decline versus the same period last year.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	5,645.1	7,196.1	3,181.4	4,338.8	5,205.5
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	5,645.1	7,196.1	3,181.4	4,338.8	5,205.5
Cost of Goods Sold	3,287.8	4,138.7	1,619.4	2,354.9	0.0
Gross Profit	2,357.3	3,057.4	1,562.0	1,984.0	1,778.2
Financial Income	655.4	336.7	237.7	385.7	444.9
Financial Expenses	647.4	331.3	296.2	198.6	-112.4
Interest Expense	264.6	2,229.5	277.7	197.6	-102.5
Share of Associates and Joint Ventures	76.0	99.7	418.2	24.5	91.1
Selling Expenses	699.7	742.4	418.2	510.9	-416.1
General and Administrative Expenses	592.8	651.2	562.1	643.6	-580.8
Operating Profit	1,148.9	1,768.8	941.5	1,041.0	1,204.9
Other Income	63.8	71.2	46.9	42.5	0.0
Other Expenses	24.5	15.2	20.3	13.7	0.0
Other Profit	39.3	55.9	26.6	28.8	435.0
Profit Before Tax	1,188.2	1,824.8	968.1	1,069.8	1,639.9
Current Income Tax Expense	352.1	391.2	271.7	256.9	-161.9
Deferred Income Tax Expense	-110.2	46.2	-104.1	-52.7	0.0
Net Income	946.3	1,387.4	800.5	865.5	1,478.0
Non-controlling Interest	244.9	869.5	316.7	309.3	407.1
Profit Attributable to Parent	701.4	517.9	483.7	556.3	1,070.8
Earnings per Share	1,363.00	1,285.00	1,187.00	1,345.00	4,801.00
Diluted EPS	1,363.00	1,285.00	1,187.00	1,345.00	2,796.33

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	19,246.0	27,549.2	25,313.3	23,720.0	21,616.0
I. Cash and cash equivalents	6,814.3	5,443.3	2,540.1	3,773.3	3,111.6
1. Cash	1,708.4	1,384.4	659.3	536.1	0.0
2. Cash equivalents	5,105.9	4,058.9	1,880.8	3,237.2	0.0
II. Short-term financial investments	1,352.3	623.5	1,050.1	987.4	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	1,352.3	623.5	1,050.1	987.4	0.0
III. Short-term receivables	1,891.0	2,796.9	3,637.2	3,569.8	2,019.1
1. Short-term trade accounts receivable	1,043.1	1,466.6	1,526.4	1,309.9	0.0
2. Short-term prepayments to suppliers	370.9	492.4	966.4	1,232.3	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	75.5	94.6	106.3	106.3	0.0
6. Other short-term receivables	523.5	824.0	1,059.9	939.9	0.0
7. Provision for short-term doubtful debts (*)	-121.9	-80.5	-21.9	-18.5	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	8,677.6	17,993.4	17,353.0	14,830.2	15,489.9
1. Inventories	8,742.4	18,060.6	17,420.8	14,900.0	0.0
2. Provision for decline in value of inventories	-64.8	-67.2	-67.9	-69.8	0.0
V. Other short-term assets	510.9	692.1	733.0	559.4	251.7
1. Short-term prepayments	279.7	329.8	344.5	252.8	0.0
2. Value added tax to be reclaimed	220.0	361.2	387.2	305.5	0.0
3. Taxes and other receivables from state authorities	11.2	1.1	1.4	1.0	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)	7,318.5	2,768.9	3,297.9	3,364.7	2,101.0
I. Long-term receivables	1,184.9	10.1	13.3	10.6	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	8.7
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	435.1	0.0	0.0	0.0	0.0
6. Other long-term receivables	749.8	10.1	13.3	10.6	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	107.7	142.9	140.5	153.7	78.0
1. Tangible fixed assets	59.4	72.1	58.1	66.6	59.0
- Cost	167.1	175.7	156.3	168.5	0.0
- Accumulated depreciation	-107.7	-103.6	-98.2	-101.9	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	48.3	70.8	82.4	87.1	19.0
- Cost	138.9	139.2	127.9	111.3	0.0
- Accumulated depreciation	-90.6	-68.4	-45.5	-24.2	0.0
III. Investment properties	445.2	315.9	304.9	337.1	359.2
- Cost	535.3	388.1	363.2	371.5	0.0
- Accumulated depreciation	-90.0	-72.2	-58.3	-34.4	0.0
IV. Long-term assets in progress	15.5	5.4	44.4	25.8	20.1
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	15.5	5.4	44.4	25.8	0.0
V. Long-term financial investments	5,038.4	1,794.4	2,219.8	2,135.8	872.5
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	5,036.0	1,792.0	2,217.4	2,034.4	0.0
3. Investments in other entities	2.4	2.4	2.4	2.4	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	99.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	526.8	500.2	575.0	701.6	0.0
1. Long-term prepayments	49.3	98.9	123.7	357.3	0.0
2. Deferred income tax assets	477.4	401.2	448.1	336.5	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	762.5
5. Goodwill	—	0.0	3.2	7.8	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	26,564.5	30,318.1	28,611.2	27,084.7	23,717.0
A. LIABILITIES (300=210+330)	11,740.3	15,749.2	15,078.5	13,769.6	10,121.6
I. Short -term liabilities	6,453.8	10,226.5	9,886.5	8,850.9	6,261.9
1. Short-term trade accounts payable	463.4	1,027.3	1,175.4	981.3	585.0
2. Short-term advances from customers	2,588.1	3,023.7	3,814.6	3,271.1	2,423.4
3. Taxes and other payables to state authorities	228.3	389.7	248.6	326.8	0.0
4. Payable to employees	65.0	51.9	47.9	37.8	0.0
5. Short-term acrrued expenses	1,037.3	1,249.2	945.6	921.7	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	16.1	25.5	7.6	7.4	7.2
9. Other short-term payables	975.1	1,418.0	1,132.3	1,362.3	0.0
10. Short-term borrowings and financial leases	1,016.9	2,958.5	2,402.1	1,804.1	1,292.7
11. Provision for short-term liabilities	24.0	25.6	38.3	40.5	0.0
12.. Bonus and welfare fund	39.7	57.1	74.0	97.9	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	5,286.4	5,522.7	5,192.0	4,918.7	3,859.7
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	331.6	303.3	259.7	354.5	285.1
7. Other long-term liabilities	189.7	121.8	120.6	121.4	0.0
8. Long-term borrowings and financial leases	4,504.7	4,002.7	3,705.4	3,375.2	2,315.4
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	173.0	1,053.5	1,054.2	1,046.6	0.0
12. Provision for long-term liabilities	87.4	41.4	52.1	20.9	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)	14,824.2	14,568.9	13,532.8	13,315.1	13,595.5
I. Owner's equity	14,824.2	14,568.9	13,532.8	13,315.1	0.0
1. Owner's capital	4,851.0	3,847.8	3,847.8	3,840.8	13,595.5
- Common stock with voting right	4,850,973,830,000.00	3,847,774,710,000.00	3,847,774,710,000.00	3,840,803,000,000.00	3,829,400,130,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	4,142.4	2,643.0	2,643.0	2,643.0	2,643.0
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	10.7	10.7	10.7	10.7	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	2.2	2.2	2.2	2.2	0.0
11. Undistributed earnings after tax	3,655.9	3,171.4	2,879.5	2,493.3	2,444.1
- Accumulated retained earning at the end of the previous period	2,954.6	2,653.5	2,395.8	1,937.0	1,373.3
- Undistributed earnings in this period	701.4	517.9	483.7	556.3	1,070.8
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	2,162.0	4,893.8	4,149.5	4,325.1	4,666.0
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)	26,564.5	30,318.1	28,611.2	27,084.7	23,717.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	1,188.2	1,824.8	968.1	1,069.8	1,639.9
Depreciation of Fixed Assets and Investment Property	51.6	50.1	48.7	35.6	30.0
Provision (Increase)/Reversal	83.5	34.6	30.3	-0.2	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-732.6	-436.2	-655.4	-409.5	0.0
Interest Expense	290.3	331.3	296.2	147.6	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	881.1	1,804.6	687.9	843.4	876.2
Increase/(Decrease) in Receivables	-4,339.8	743.6	-56.9	-2,435.5	0.0
Increase/(Decrease) in Inventory	9,477.3	-479.5	-2,427.5	-593.4	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-6,023.4	-79.9	220.4	1,664.5	0.0
Increase/(Decrease) in Prepaid Expenses	99.8	39.4	141.9	-154.1	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-406.0	-512.5	-533.8	-117.9	0.0
Corporate Income Tax Paid	-516.1	-239.5	-348.2	-210.7	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-45.5	-51.0	-26.9	-27.1	0.0
Net Cash Flow from Operating Activities	-872.6	1,225.1	-2,343.1	-1,030.8	86.6
Payments for Fixed Assets and Other Long-term Assets	-10.1	-31.2	-23.5	-73.0	-18.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.3	7.9	0.0	0.0	0.1
Loans and Purchases of Debt Instruments	-1,057.6	-967.2	0.0	-276.7	-789.0
Receipts from Loan Repayments and Sale of Debt Instruments	324.0	1,405.4	36.2	0.0	34.3
Investments in Other Entities	-73.7	-55.0	-173.8	-533.6	-39.4
Proceeds from Investments in Other Entities	1,630.8	338.5	338.0	1,181.3	0.0
Dividends and Interest Income Received	156.6	352.5	227.5	153.5	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	970.3	1,050.9	404.5	451.5	-790.1
Proceeds from Equity Issuance and Capital Contributions	2,544,587,275,000.00	0.00	0.00	187,447,900,000.00	2,637,449,289,792.00
Share Repurchases	-258,500,000,000.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	3,736.8	4,815.1	3,129.2	3,595.4	2,442.6
Repayment of Borrowings	-3,802.0	-3,993.5	-2,236.6	-2,021.4	-1,998.8
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-947.5	-194.4	-187.2	-520.5	-339.3
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	1,273.3	627.2	705.4	1,240.9	2,741.9
Net Cash Flow During the Period	1,371.0	2,903.2	-1,233.2	661.6	2,215.8
Cash and Cash Equivalents at Beginning of Period	5,443.3	2,540.1	3,773.3	3,111.6	1,073.2
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	6,814.3	5,443.3	2,540.1	3,773.3	3,111.6

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
Revenue	1,279.4	1,704.2	1,877.2	772.6	1,291.2	6,368.5	370.6	252.3	204.6	1,636.0	357.0	953.3
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	1,279.4	1,704.2	1,877.2	772.6	1,291.2	6,368.5	370.6	252.3	204.6	1,636.0	357.0	953.3
Cost of Goods Sold	898.5	918.9	1,049.8	440.8	878.3	3,644.1	242.3	123.7	118.1	944.2	207.2	392.6
Gross Profit	380.9	785.2	827.5	331.8	412.8	2,724.5	128.3	128.6	86.5	691.8	149.8	560.8
Financial Income	68.2	534.2	29.0	43.3	48.1	39.6	21.4	250.0	25.7	127.7	32.0	40.5
Financial Expenses	91.6	362.9	136.4	48.4	99.0	153.1	60.0	67.6	50.6	87.1	66.4	74.5
Interest Expense	86.4	1.5	131.3	34.9	99.0	34.3	60.0	53.5	48.4	44.9	66.2	74.5
Share of Associates and Joint Ventures	6.9	42.4	5.4	20.3	8.0	15.7	16.4	43.5	24.2	213.3	89.4	37.2
Selling Expenses	102.3	271.2	208.1	121.1	99.3	639.1	28.0	42.4	32.9	187.0	72.4	128.0
General and Administrative Expenses	86.0	167.7	201.0	85.2	138.8	258.7	136.2	141.2	111.6	167.3	125.0	122.2
Operating Profit	176.3	560.1	316.4	140.6	131.8	1,728.8	-58.0	170.8	-58.7	591.4	7.5	313.8
Other Income	3.6	19.2	17.3	11.9	15.5	37.5	22.3	12.4	12.4	20.6	7.5	13.0
Other Expenses	2.9	12.3	3.8	3.4	4.9	19.2	3.4	5.9	0.3	1.4	11.9	6.8
Other Profit	0.7	6.9	13.4	8.5	10.5	18.3	18.9	6.5	12.2	19.2	-4.4	6.2
Profit Before Tax	177.0	566.9	329.8	149.1	142.4	1,747.1	-39.1	177.3	-46.6	610.6	3.1	320.0
Current Income Tax Expense	66.3	109.3	136.3	51.5	55.0	325.2	22.6	30.6	22.4	152.9	13.0	91.5
Deferred Income Tax Expense	1.1	-47.2	-40.5	0.0	-22.5	94.6	-21.3	-13.1	-4.0	-24.2	-80.8	-3.1
Net Income	109.5	504.9	234.0	97.5	109.9	1,327.2	-40.4	159.9	-65.0	481.8	70.9	231.5
Non-controlling Interest	41.3	157.1	88.1	-1.8	1.5	830.5	12.0	15.2	11.8	192.0	4.6	110.7
Profit Attributable to Parent	68.2	347.7	146.0	99.3	108.4	496.7	-52.4	144.7	-76.8	289.8	66.3	120.8
Earnings per Share	128.00	679.00	356.00	238.00	261.00	1,232.00	-136.00	354.00	-197.00	711.00	163.00	297.00
Diluted EPS	128.00	679.00	356.00	238.00	261.00	1,270.00	-136.00	354.00	-197.00	711.00	163.00	297.00

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)	17,915.4	19,246.0	24,963.7	25,162.8	25,981.9	27,549.2	26,846.7	26,773.4	25,392.1	25,308.7	24,432.5	23,840.4
I. Cash and cash equivalents	5,027.8	6,814.3	3,361.2	3,514.7	4,395.4	5,443.3	1,530.5	2,073.4	2,473.3	2,540.2	2,677.5	2,320.3
1. Cash	1,393.3	1,708.4	1,224.6	1,426.6	889.8	1,384.4	482.5	573.6	732.6	659.3	928.7	482.7
2. Cash equivalents	3,634.5	5,105.9	2,136.6	2,088.1	3,505.6	4,058.9	1,048.0	1,499.8	1,740.7	1,880.8	1,748.7	1,837.6
II. Short-term financial investments	2,330.7	1,352.3	510.4	598.9	608.0	791.7	935.5	966.3	701.5	1,050.0	829.6	1,172.4
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	2,330.7	1,352.3	510.4	598.9	608.0	791.7	935.5	966.3	701.5	1,050.0	829.6	1,172.4
III. Short-term receivables	1,835.1	1,891.0	2,541.5	2,455.0	2,722.8	2,628.7	3,254.7	3,764.9	3,353.4	3,634.1	3,426.8	3,392.3
1. Short-term trade accounts receivable	851.6	1,043.1	1,208.1	1,271.2	1,188.3	1,466.6	1,357.3	1,894.9	1,379.7	1,526.4	1,343.5	1,282.9
2. Short-term prepayments to suppliers	511.2	370.9	695.4	529.3	500.2	492.4	883.5	911.4	984.0	963.2	918.7	853.6
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	—	75.5	79.0	90.1	90.1	94.6	106.3	106.3	106.3	106.3	106.3	101.8
6. Other short-term receivables	531.0	523.5	641.6	647.0	1,024.7	655.7	929.5	877.5	905.2	1,060.0	1,076.8	1,172.5
7. Provision for short-term doubtful debts (*)	-58.7	-121.9	-82.5	-82.5	-80.5	-80.5	-21.9	-25.2	-21.9	-21.9	-18.5	-18.5
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	8,381.5	8,677.6	17,851.6	17,901.8	17,542.7	17,993.4	20,303.6	19,164.7	18,050.9	17,348.2	16,800.0	16,269.2
1. Inventories	8,443.7	8,742.4	17,916.5	17,967.2	17,608.9	18,060.6	20,370.8	19,231.9	18,118.4	17,416.1	16,867.9	16,337.4
2. Provision for decline in value of inventories	-62.2	-64.8	-64.8	-65.4	-66.2	-67.2	-67.2	-67.2	-67.6	-67.9	-67.9	-68.2
V. Other short-term assets	340.3	510.9	698.9	692.4	713.1	692.1	822.4	804.2	813.1	736.2	698.6	686.2
1. Short-term prepayments	141.4	279.7	315.5	318.2	332.6	329.8	393.8	390.1	415.0	347.6	268.5	290.8
2. Value added tax to be reclaimed	189.4	220.0	367.2	372.3	365.1	358.8	426.7	413.2	396.8	387.2	429.0	394.6
3. Taxes and other receivables from state authorities	9.5	11.2	16.2	1.9	15.4	3.5	1.8	0.9	1.2	1.4	1.1	0.8
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)	7,978.7	7,318.5	3,423.3	3,051.3	2,781.0	2,758.8	2,982.6	2,957.6	3,429.5	3,292.9	3,260.9	3,142.3
I. Long-term receivables	733.0	1,184.9	675.5	158.0	12.1	10.1	12.9	16.9	13.7	13.3	17.3	17.2
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	—	435.1	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	733.0	749.8	675.5	158.0	12.1	10.1	12.9	16.9	13.7	13.3	17.3	17.2
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	100.8	107.7	125.3	133.1	129.5	142.9	129.8	135.8	133.1	146.2	144.4	150.9
1. Tangible fixed assets	58.1	59.4	71.3	73.5	64.3	72.1	56.1	57.9	56.2	63.8	63.9	66.3
- Cost	167.7	—	—	—	—	175.7	160.9	160.4	156.6	173.6	171.7	171.3
- Accumulated depreciation	-109.6	—	—	—	—	-103.6	-104.7	-102.5	-100.4	-109.8	-107.8	-105.0
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	42.7	48.3	53.9	59.5	65.2	70.8	73.6	77.9	76.9	82.4	80.5	84.5
- Cost	138.9	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-96.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Long-term Biological Assets	7.6	—	—	—	—	—	—	—	—	—	—	—
3. Long-term seasonal or single-harvest crops	7.6	—	—	—	—	—	—	—	—	—	—	—
III. Investment properties	439.7	445.2	293.3	324.4	308.8	315.9	289.6	297.9	301.4	299.2	300.6	330.5
- Cost	535.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-95.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	15.4	15.5	5.7	5.1	35.3	5.4	40.1	40.5	44.5	44.4	24.2	12.2
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	15.4	15.5	5.7	5.1	35.3	5.4	40.1	40.5	44.5	44.4	24.2	12.2
V. Long-term financial investments	6,041.4	5,038.4	1,828.5	1,892.7	1,800.6	1,794.4	1,780.5	1,844.9	2,295.7	2,219.8	2,008.4	1,929.5
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	5,353.5	5,036.0	1,826.1	1,890.3	1,798.2	1,792.0	1,778.1	1,842.5	2,293.3	2,217.4	2,005.9	1,927.0
3. Investments in other entities	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4
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	685.5	—	—	—	—	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	640.8	526.8	495.0	538.0	494.8	490.0	729.6	621.7	639.1	566.8	761.7	696.6
1. Long-term prepayments	151.0	49.3	27.9	101.8	69.0	98.9	218.1	145.7	185.0	123.7	318.5	342.2
2. Deferred income tax assets	481.7	477.4	467.2	436.2	425.8	391.1	511.5	475.2	454.1	443.2	443.1	354.4
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	8.2	—	—	—	—	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	0.1	0.8	2.0	3.2	4.3	5.5
TOTAL ASSETS (280=100+200)	25,894.1	26,564.5	28,387.0	28,214.1	28,762.9	30,308.0	29,829.2	29,731.0	28,821.6	28,601.6	27,693.4	26,982.7
A. LIABILITIES (300=210+330)	10,983.8	11,740.3	14,019.9	13,995.3	14,243.6	15,741.8	16,584.8	16,425.2	15,440.2	15,073.6	14,559.7	13,831.6
I. Short -term liabilities	5,928.1	6,453.8	7,004.2	7,153.4	8,636.0	10,147.8	11,459.3	11,668.3	10,156.3	9,886.5	9,726.7	8,660.0
1. Short-term trade accounts payable	268.0	463.4	481.5	629.2	632.2	1,027.3	1,281.3	1,229.7	1,049.0	1,175.4	1,022.0	959.5
2. Short-term advances from customers	2,599.8	2,588.1	2,446.9	2,678.8	2,279.1	3,023.7	4,637.7	4,519.4	4,203.7	3,814.6	3,322.8	3,351.4
3. Dividends and profits payable	236.1	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	140.5	228.3	233.3	115.7	132.6	399.3	113.9	104.0	115.8	248.7	189.8	166.8
4. Payable to employees	1.5	65.0	9.2	3.3	4.0	40.0	16.0	14.4	10.1	47.9	15.5	12.1
5. Short-term acrrued expenses	942.7	1,037.3	1,068.2	1,088.2	1,226.4	1,247.2	1,081.9	1,062.0	1,008.5	945.6	875.3	1,087.2
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	16.8	16.1	25.4	30.7	32.1	25.5	5.0	8.4	4.1	7.6	0.9	8.3
9. Other short-term payables	484.5	975.1	1,219.6	1,034.4	1,275.8	1,418.0	1,298.2	1,386.2	1,270.9	1,132.3	1,841.6	1,527.6
10. Short-term borrowings and financial leases	1,211.4	1,016.9	1,442.4	1,491.5	2,976.9	2,887.1	2,935.4	3,240.8	2,402.8	2,402.1	2,325.4	1,411.7
11. Provision for short-term liabilities	18.9	24.0	24.0	24.5	25.3	25.6	28.4	30.4	32.7	38.3	40.9	40.6
12.. Bonus and welfare fund	7.9	39.7	53.7	57.1	51.5	54.1	61.4	73.1	58.8	74.0	92.5	94.8
13. Price stabilization fund	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	5,055.7	5,286.4	7,015.7	6,841.8	5,607.6	5,594.0	5,125.5	4,756.9	5,283.9	5,187.1	4,833.0	5,171.6
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	328.0	331.6	274.6	280.7	291.6	303.3	214.9	226.5	240.9	259.7	290.5	316.8
7. Other long-term liabilities	185.6	189.7	95.0	94.5	95.0	121.8	130.2	126.8	126.0	120.6	115.9	137.5
8. Long-term borrowings and financial leases	4,275.8	4,504.7	5,549.8	5,359.5	4,124.3	4,074.0	3,655.1	3,291.4	3,811.7	3,705.4	3,337.0	3,634.9
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	178.5	173.0	1,056.3	1,066.0	1,055.6	1,053.5	1,079.2	1,064.3	1,056.3	1,049.3	1,070.2	1,062.8
12. Provision for long-term liabilities	87.8	87.4	40.0	41.1	41.1	41.4	46.2	47.9	49.0	52.1	19.4	19.6
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)	14,910.3	14,824.2	14,367.1	14,218.8	14,519.4	14,566.2	13,244.5	13,305.8	13,381.3	13,528.0	13,133.6	13,151.2
I. Owner's equity	14,910.3	14,824.2	14,367.1	14,218.8	14,519.4	14,566.2	13,244.5	13,305.8	13,381.3	13,528.0	13,133.6	13,151.2
1. Owner's capital	4,851.0	4,851.0	3,850.8	3,850.8	3,850.8	3,850.8	3,847.8	3,847.8	3,847.8	3,847.8	3,840.8	3,840.8
- Common stock with voting right	4,850,973,830,000.00	4,850,973,830,000.00	3,850,753,040,000.00	3,850,753,040,000.00	3,850,753,040,000.00	3,850,753,040,000.00	3,847,774,710,000.00	3,847,774,710,000.00	3,847,774,710,000.00	3,847,774,710,000.00	3,840,803,000,000.00	3,840,803,000,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	4,141.8	4,142.4	2,643.0	2,643.0	2,643.0	2,643.0	2,643.0	2,643.0	2,643.0	2,642.4	2,643.0	2,643.0
3. Convertible bond option	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	2.3	—	—	—	—	0.0	0.0	0.0	0.0	0.6	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	9.1	10.7	10.7	10.7	10.7	10.7	10.7	10.7	10.7	10.7	10.7	10.7
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	2.2	2.2	2.2	2.2	2.2	2.2	2.2	2.2	2.2	2.2	2.2	2.2
11. Undistributed earnings after tax	3,724.3	3,655.9	3,309.1	3,163.1	3,279.8	3,165.7	2,669.1	2,721.5	2,802.6	2,879.5	2,589.7	2,523.4
- Accumulated retained earning at the end of the previous period	3,656.1	2,954.6	2,955.4	2,955.4	3,171.4	2,653.5	2,653.6	2,653.6	2,879.5	2,395.8	2,395.7	2,395.8
- Undistributed earnings in this period	68.2	701.4	353.6	207.7	108.4	512.2	15.5	67.9	-76.8	483.7	193.9	127.6
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	2,179.7	2,162.0	4,551.3	4,549.0	4,732.9	4,893.8	4,071.6	4,080.6	4,075.0	4,144.8	4,047.2	4,131.0
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)	25,894.1	26,564.5	28,387.0	28,214.1	28,762.9	30,308.0	29,829.2	29,731.0	28,821.6	28,601.6	27,693.4	26,982.7

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Profit Before Tax	177.0	566.9	329.8	149.1	142.4	1,747.1	-39.1	177.3	-46.6	610.6	3.1	320.0
Depreciation of Fixed Assets and Investment Property	13.0	13.8	14.3	11.4	12.1	12.2	13.0	11.9	12.9	11.2	14.1	11.3
Provision (Increase)/Reversal	-70.5	86.8	-2.1	0.3	-1.5	50.9	-7.1	-0.4	-8.9	33.5	-0.3	-1.6
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	-74.1	-577.3	-32.3	-67.3	-55.7	-55.1	-37.9	-293.4	-49.8	-332.1	-121.5	-77.8
Interest Expense	91.6	5.8	136.4	49.2	99.0	153.1	60.0	67.6	50.6	78.8	66.4	74.5
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	136.9	96.0	446.2	142.7	196.3	1,908.3	-11.1	-36.9	-41.8	401.9	-38.2	326.5
Increase/(Decrease) in Receivables	-169.2	-3,965.4	-540.6	112.0	54.3	214.6	483.8	-168.1	209.8	-167.5	-250.6	135.2
Increase/(Decrease) in Inventory	318.6	9,287.0	22.3	-294.5	462.5	2,349.0	-1,174.2	-1,002.4	-651.9	-546.4	-615.8	-483.5
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-525.7	-4,791.6	-351.3	398.7	-1,279.1	-1,475.0	88.6	914.2	363.9	53.2	171.0	-93.5
Increase/(Decrease) in Prepaid Expenses	36.6	14.4	76.6	-18.4	27.2	183.1	-76.1	64.2	-131.9	118.9	35.6	27.3
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-131.1	-141.9	-59.5	-114.0	-90.6	-184.7	-49.4	-139.7	-138.8	-177.5	-59.4	-237.9
Corporate Income Tax Paid	-153.3	-113.1	-27.2	-75.4	-300.4	-65.9	-10.6	-16.2	-146.8	-121.4	-5.5	-39.7
Other Operating Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-31.8	-14.0	-3.4	-22.1	-5.9	-8.1	-12.1	-19.1	-15.9	-11.6	-2.3	-9.4
Net Cash Flow from Operating Activities	-519.1	371.3	-437.0	128.9	-935.9	2,921.3	-761.2	-403.8	-553.4	-450.3	-765.3	-375.2
Payments for Fixed Assets and Other Long-term Assets	-0.5	-0.5	20.8	-21.7	-8.6	-21.5	-2.2	-10.6	-0.3	-23.5	9.3	-3.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	-3.1	3.3	3.3	4.6	0.0	0.0	13.1	-13.3	0.3
Loans and Purchases of Debt Instruments	-921.6	-936.5	439.5	-519.4	-41.2	640.9	-58.1	-577.1	-5.7	-25.1	340.5	-315.4
Receipts from Loan Repayments and Sale of Debt Instruments	44.8	72.3	-339.9	528.5	63.2	-314.4	89.0	415.2	248.5	-699.2	506.1	97.2
Investments in Other Entities	-312.4	—	—	—	—	0.0	0.0	0.0	-55.0	-30.0	-23.8	70.0
Proceeds from Investments in Other Entities	—	1,630.8	—	—	—	278.0	37.5	0.0	0.0	189.1	148.9	0.0
Dividends and Interest Income Received	40.8	29.5	26.0	46.5	54.7	32.0	108.1	17.1	198.8	95.8	18.7	59.7
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	-1,148.9	795.5	146.3	-42.9	71.4	618.3	178.8	-155.4	386.3	-1.2	507.7	-91.6
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	414.8	749.9	1,073.6	1,559.7	353.6	2,003.9	1,442.4	998.6	415.2	818.8	1,186.1	236.9
Repayment of Borrowings	-454.3	-836.5	-934.5	-1,810.5	-220.4	-1,630.8	-1,367.6	-680.3	-314.9	-395.6	-563.8	-805.3
Repayment of Finance Leases	—	—	—	—	—	0.0	159.0	-159.0	0.0	78.2	-78.2	0.0
Dividends Paid	-78.9	-128.1	-1.9	-501.1	-316.5	0.0	-194.4	0.0	0.0	-187.2	70.7	-70.5
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	-118.5	2,286.2	137.3	-966.8	-183.4	373.1	39.4	159.3	100.3	314.2	614.8	-638.9
Net Cash Flow During the Period	-1,786.5	3,453.1	-153.5	-880.8	-1,047.9	3,912.8	-542.9	-399.9	-66.8	-137.4	357.2	-1,105.7
Cash and Cash Equivalents at Beginning of Period	6,814.3	3,361.2	3,514.7	4,395.4	5,443.3	2,540.1	2,540.1	2,540.1	2,540.1	3,773.3	3,773.3	3,773.3
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	5,027.8	6,814.3	3,361.2	3,514.7	4,395.4	5,443.3	1,530.5	2,073.4	2,473.3	2,540.1	2,677.5	2,320.3

Explore Other Stocks In The Same Sector

VHM, KDH, HDC, PDR, VPI, AGG, SJS, NDN, CRV, HPX, TDH, HQC, RGG, CCL, NTL, CNT, API, HD2, NBB, UDJ, HD8, DTA, FIR, VRC, SLD, PXA, TTB, MBT, VNI, PPI, HTT, VPH, STL

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

NLG