NTC

Khu Công nghiệp Nam Tân Uyên ·HOSE ·2026Q1

▼ Slightly negative

Margins remain under pressure Net margin 49.41%, −22.56pp YoY

Price

140,300

Latest close

02 Jun 2026

P/E 10.27x

P/B 2.54x

EPS 13,657

BVPS 55,178

ROE 26.2%

ROA 4.8%

Profit Margin 49.4%

Asset Turnover 0.10x

Equity Mult. 5.49x

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

What Is Changing

On a TTM 2026Q1 basis, NTC is showing a few mildly negative signals versus the same period, though nothing alarming at current levels — margins have been compressing consistently over multiple periods. The point still to be proven is whether this is a short adjustment or the beginning of a weaker trend.

	                            
	                                TTM REVENUE
	                            
	                                    VND 663bn
	                                
+49.0%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 328bn
	                                
+2.3%YoY

Metric	2025	2024	2023	2022	2021
Revenue	715.7	367.9	235.3	268.4	271.2
Growth	+95%	+56%	-12%	-1%	—
Net Income	321.8	292.7	299.7	256.4	294.6
Net Margin	44.97%	79.56%	127.38%	95.54%	108.62%

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	81.8	208.9	229.4	143.2	134.1	192.9	51.2	67.0	56.7	62.8	54.3	60.1
Growth	-61%	-9%	+60%	+7%	-30%	+277%	-24%	+18%	-10%	+16%	-10%	—
Net Income	39.1	65.8	125.6	97.3	69.0	121.6	64.2	65.7	65.2	67.6	76.7	75.5
Net Margin	47.86%	31.48%	54.74%	67.90%	51.46%	63.01%	125.22%	98.07%	115.00%	107.70%	141.19%	125.72%

Drivers of NTC's profit

TTM

Net profit attributable to parent increased vs last year, mainly helped by higher gross profit. Supporting and offsetting drivers:

Gross profit ↑ 109.5bn

Other profit ↑ 10.7bn

Financial income ↓ 59.2bn

Administrative expenses ↑ 48.8bn

Tax ↑ 3.5bn

Selling expenses ↑ 1.0bn

TTM

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

Tax ↓ 7.4bn

Finance costs ↓ 5.5bn

Gross profit ↓ 29.7bn

Financial income ↓ 12.1bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 29.1% = 72.0% × 0.07 × 5.41

2026Q1 26.2% = 49.4% × 0.10 × 5.49

ROE fell from 29.1% to 26.2% — net margin weakened the most, though asset turnover and leverage still provided support.

Net margin: 49.4% -22.6pp Asset turnover: 0.10x +0.02x Leverage: 5.49x +0.08x

Is the profit sustainable?

Start with profitability and earnings quality.

very positive positive stable watch under pressure

What is driving the margin?

Net margin fell to 49.41%, losing 22.6pp. The main pressure comes from SG&A / Revenue rose 4.1pp and Gross margin fell 2.4pp (in addition, Other profit / Revenue rose 1.2pp added support while Net financial result / Revenue fell 21.2pp remained a drag).

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 49.41% −22.6pp

Gross Margin 55.18% −2.4pp

SG&A / Revenue 14.50% +4.1pp

Non-core / Revenue 18.28% −19.9pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Contribution from financial result

Profit includes a contribution from financial result (31.0% of PBT), not dominant but worth monitoring across periods.

Is capital being used efficiently?

Capital efficiency should be read in industry context — ROIC of 13.7% may fluctuate with business specifics.

Is capital being deployed efficiently?

ROIC stands at 13.69%, broadly flat versus the same period. That translates to 13.69 in after-tax operating profit for every 100 units of operating capital. NOPAT margin narrowed 23.6pp, but capital turnover rose 0.10x, with invested capital holding roughly steady — the two factors are offsetting each other, keeping overall ROIC nearly unchanged.

Industry characteristics make ROIC cyclical — this is a reference signal and should be read with the business context.

CAPITAL EFFICIENCY TREND

ROIC 13.69% −0.0pp

NOPAT Margin 47.37% −23.6pp

Capital Turnover 0.29x +0.10x

Average Invested Capital 2,296.1bn −7.0bn

Balance Sheet

ROIC above should be read with industry context — the balance sheet below adds perspective. Leverage runs above the real estate sector average — handover cycles warrant monitoring — liabilities at 3.65x equity, with a net cash position equivalent to 0.00x 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 15.5 days versus the same period last year. The main moves came from DIO rose 0.2 days, DSO rose 16.8 days, and DPO rose 1.5 days.

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

Working capital metrics in this industry should be read alongside business model specifics — DSO/DIO/DPO/CCC can be distorted by operational factors not reflected in raw numbers.

Watchpoints

Cash conversion cycle is lengthening

CCC is up by +15.5 days, indicating weaker working-capital turnover versus the prior year.

Receivables collection is slowing

DSO increased by +16.8 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 49.5 days +16.8 days

Inventory 0.9 days +0.2 days

Payables 2.9 days +1.5 days

Cash Conversion Cycle 47.6 days +15.5 days

Is financial risk significant?

Financial risk is low — the company has net cash and CFO reached 1,357.3bn.

Leverage & Liquidity

Leverage looks fairly comfortable, with net debt / equity at -0.00x and interest coverage at 29.41x.

At present, short-term debt accounts for 100.0% of total debt, cash equals 402.0% of debt, and total debt stands at 46.0bn.

Leverage should be read alongside project structure, regulated assets, or industry-specific capital recovery.

Watchpoints

Short-term refinancing pressure is meaningful

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

Leverage and liquidity trend

Net Debt / Equity -0.00x −1.89x

Interest Coverage 29.41x −1.00x

Cash / Debt 402.0% +392.3pp

Short-term Debt / Total Debt 100.0% +5.6pp

CFO / NI 5.04x +11.62x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 1,357.3bn in 2025, against investing cash flow of 1,491.6bn.

Post-investment cash flow was positive +2,848.9bn. Financing cash flow was negative +2,719.8bn.

CFO / net income was 5.04x.

After spending +97.9bn on fixed-asset investment, the business generated trailing free cash flow of +1,554.9bn.

FCF and CFO in this industry should be read alongside investment cycles and business model specifics.

Cash Conversion

CFO TTM 1,652.8bn +3,759.7bn

Cash Capex 97.9bn +85.9bn

FCF TTM +1,554.9bn +3,673.9bn

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 balance-sheet flexibility, with net cash/equity at about -0.00x. The next item to monitor is the earnings mix, when non-core contribution is 26.9%. The main risk still sits in core profitability, with net margin down 22.6 pp.

Improvement: the balance sheet remains flexible, with a net cash position equivalent to 0.00x of equity.

Watchpoint: cash flow is currently keeping pace with accounting earnings, with CFO / net income at 5.04x. Even so, net financial result still accounts for 26.9% of PBT, so the earnings mix still needs monitoring.

Key risk: profitability remains under pressure, with trailing-12M net margin at 49.41% after a 22.6pp decline versus the same period last year.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	715.7	367.9	235.3	268.4	271.2
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	715.7	367.9	235.3	268.4	271.2
Cost of Goods Sold	322.1	144.5	69.6	79.0	0.0
Gross Profit	393.6	223.4	165.7	189.4	191.0
Financial Income	130.0	198.6	241.0	155.6	203.5
Financial Expenses	20.2	8.7	9.1	8.1	-4.2
Interest Expense	12.0	7.6	8.8	7.9	-1.7
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	4.9	4.1	4.0	3.1	-3.5
General and Administrative Expenses	132.6	69.0	49.5	30.9	-43.5
Operating Profit	365.9	340.1	344.0	302.8	343.4
Other Income	20.4	5.8	5.9	5.1	0.0
Other Expenses	2.6	3.7	3.5	2.2	0.0
Other Profit	17.8	2.1	2.4	2.9	0.7
Profit Before Tax	383.7	342.3	346.4	305.7	344.0
Current Income Tax Expense	61.9	49.6	46.8	49.3	-49.5
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	321.8	292.7	299.7	256.4	294.6
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	321.8	292.7	299.7	256.4	294.6
Earnings per Share	13,410.00	12,194.00	12,486.00	10,685.00	12,274.00
Diluted EPS	13,409.67	12,194.17	12,486.25	10,684.66	12,273.57

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	609.3	1,904.6	1,343.6	1,217.9	1,425.1
I. Cash and cash equivalents	149.4	20.2	20.5	9.4	9.2
1. Cash	51.4	20.2	20.5	9.4	0.0
2. Cash equivalents	98.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	323.2	1,779.1	1,209.7	1,115.1	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	323.2	1,779.1	1,209.7	1,115.1	0.0
III. Short-term receivables	94.8	88.8	91.0	73.1	65.5
1. Short-term trade accounts receivable	113.0	27.7	27.4	26.9	0.0
2. Short-term prepayments to suppliers	0.7	21.4	0.5	0.6	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other short-term receivables	10.2	62.7	81.1	51.7	0.0
7. Provision for short-term doubtful debts (*)	-29.1	-22.9	-18.0	-6.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	1.2	0.8	0.2	0.3	0.1
1. Inventories	1.2	0.8	0.2	0.3	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	40.7	15.7	22.2	20.0	20.3
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	40.7	15.7	22.2	20.0	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)	5,361.6	5,452.1	3,219.1	2,842.8	2,785.3
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	25.2	25.2	25.2	25.2	0.0
7. Provision for long-term doubtful debts	-25.2	-25.2	-25.2	-25.2	0.0
II. Fixed assets	21.8	26.1	32.7	40.3	40.2
1. Tangible fixed assets	21.8	26.1	32.7	40.3	40.2
- Cost	100.3	98.3	98.3	98.8	0.0
- Accumulated depreciation	-78.5	-72.2	-65.6	-58.5	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	—	0.0	0.0	0.0	0.0
- Cost	0.4	0.4	0.4	0.4	0.0
- Accumulated depreciation	-0.4	-0.4	-0.4	-0.4	0.0
III. Investment properties	343.8	299.5	333.3	368.3	370.8
- Cost	784.5	705.9	705.5	710.4	0.0
- Accumulated depreciation	-440.7	-406.4	-372.2	-342.1	0.0
IV. Long-term assets in progress	40.3	25.4	181.3	180.6	214.5
1. Long-term production in progress	9.7	9.7	9.7	9.7	0.0
2. Construction in progress	30.6	15.7	171.6	170.9	0.0
V. Long-term financial investments	625.7	583.4	886.3	452.6	372.6
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	413.6	413.6	413.6	282.8	0.0
3. Investments in other entities	171.9	171.9	171.9	171.9	0.0
4. Provision for diminution in value of long-term investments	-4.0	-2.1	-2.1	-2.1	0.0
5. Held to maturity investments	44.2	0.0	302.9	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	4,330.1	4,517.8	1,785.5	1,801.1	0.0
1. Long-term prepayments	4,330.1	4,517.8	1,785.5	1,801.1	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	1,787.2
5. Goodwill	—	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	5,970.9	7,356.7	4,562.7	4,060.8	4,210.4
A. LIABILITIES (300=210+330)	4,685.8	6,245.9	3,602.2	3,346.6	3,577.7
I. Short -term liabilities	493.7	2,866.5	660.3	329.0	549.0
1. Short-term trade accounts payable	5.6	2.6	0.7	1.6	1.6
2. Short-term advances from customers	2.7	140.8	277.1	0.0	11.5
3. Taxes and other payables to state authorities	11.1	35.3	1.3	4.1	0.0
4. Payable to employees	14.1	11.2	3.8	0.0	0.0
5. Short-term acrrued expenses	0.1	1.7	0.2	0.1	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	363.3	142.0	96.0	92.2	113.1
9. Other short-term payables	3.3	3.1	1.4	147.0	0.0
10. Short-term borrowings and financial leases	92.0	2,529.7	275.9	71.6	200.2
11. Provision for short-term liabilities	—	0.0	0.0	2.9	0.0
12.. Bonus and welfare fund	1.4	0.1	3.9	9.6	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	4,192.1	3,379.4	2,941.9	3,017.6	3,028.6
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	46.5	13.3	3.1	3.4	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	4,018.5	3,177.3	2,910.0	2,983.8	2,994.0
7. Other long-term liabilities	22.3	23.3	28.8	30.3	0.0
8. Long-term borrowings and financial leases	—	138.0	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	104.9	27.6	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)	1,285.1	1,110.8	960.5	714.2	632.8
I. Owner's equity	1,285.1	1,110.8	960.5	714.2	0.0
1. Owner's capital	240.0	240.0	240.0	240.0	632.8
- Common stock with voting right	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	5.8	5.8	5.8	5.8	5.8
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	452.7	364.9	275.0	198.1	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	586.7	500.1	439.8	270.4	247.8
- Accumulated retained earning at the end of the previous period	264.9	207.5	140.1	158.0	145.2
- Undistributed earnings in this period	321.8	292.7	299.7	112.4	102.6
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)	5,970.9	7,356.7	4,562.7	4,060.8	4,210.4

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	-86.9	-43.1	-48.9	-48.9	0.0
Other Operating Receipts	5.3	2.2	3.5	4.5	0.0
Other Operating Payments	-183.8	-27.4	-37.8	-50.9	0.0
Net Cash Flow from Operating Activities	1,357.3	473.8	322.7	62.2	243.7
Payments for Fixed Assets and Other Long-term Assets	-93.8	-2,669.9	-1.5	-7.2	-7.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.2	0.0	0.2
Loans and Purchases of Debt Instruments	—	0.0	0.0	0.0	-1,016.3
Receipts from Loan Repayments and Sale of Debt Instruments	—	0.0	0.0	0.0	1,027.0
Investments in Other Entities	—	0.0	-130.8	-80.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	173.7	214.5	205.7	155.0	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	1,491.6	-2,722.0	-323.9	282.6	190.3
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	—	2,668.5	355.3	293.2	199.0
Repayment of Borrowings	-2,575.7	-276.8	-151.0	-421.9	-595.6
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-144.1	-143.9	-192.0	-216.0	-240.2
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	-2,719.8	2,247.8	12.4	-344.7	-636.8
Net Cash Flow During the Period	129.2	-0.3	11.2	0.2	-1.8
Cash and Cash Equivalents at Beginning of Period	20.2	20.5	9.4	9.2	211.9
FX Difference from Revaluation	-0.0	0.0	-0.0	0.0	-0.0
Cash and Cash Equivalents at End of Period	149.4	20.2	20.5	9.4	9.2

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	81.8	208.9	229.4	143.2	134.1	192.9	51.2	67.0	56.7	62.8	54.3	60.1
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	81.8	208.9	229.4	143.2	134.1	192.9	51.2	67.0	56.7	62.8	54.3	60.1
Cost of Goods Sold	38.5	95.9	104.1	58.9	61.1	85.4	17.5	24.8	14.7	20.4	16.2	17.2
Gross Profit	43.3	113.0	125.3	84.4	73.0	107.6	33.8	42.2	42.0	42.4	38.2	42.9
Financial Income	10.3	27.6	37.2	42.9	22.3	59.1	48.6	47.2	43.7	66.1	61.6	57.3
Financial Expenses	0.8	2.4	4.0	5.5	6.4	3.4	1.0	1.5	2.7	3.3	2.5	1.7
Interest Expense	0.3	0.6	1.8	4.2	5.4	2.6	0.9	1.4	2.6	3.2	2.4	1.6
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	0.8	3.2	0.8	0.9	0.9	2.5	0.7	0.6	0.3	2.4	0.7	0.6
General and Administrative Expenses	4.4	63.8	13.4	8.8	5.0	18.7	7.9	10.0	4.5	27.5	7.9	8.9
Operating Profit	47.5	71.2	144.3	112.1	83.0	142.1	72.7	77.2	78.3	75.3	88.7	89.0
Other Income	2.4	6.6	6.9	3.2	3.6	3.0	1.5	1.1	0.3	1.9	2.5	1.3
Other Expenses	0.9	1.0	0.5	0.7	0.4	2.0	0.4	1.1	0.3	0.6	1.7	0.9
Other Profit	1.5	5.7	6.3	2.6	3.2	1.0	1.2	-0.0	0.0	1.2	0.7	0.4
Profit Before Tax	49.0	76.9	150.6	114.6	86.3	143.0	73.9	77.2	78.3	76.5	89.4	89.4
Current Income Tax Expense	9.9	11.1	25.0	17.4	17.3	21.5	9.7	11.5	13.0	8.9	12.7	13.9
Deferred Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	39.1	65.8	125.6	97.3	69.0	121.6	64.2	65.7	65.2	67.6	76.7	75.5
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	39.1	65.8	125.6	97.3	69.0	121.6	64.2	65.7	65.2	67.6	76.7	75.5
Earnings per Share	1,631.00	2,741.00	5,233.00	4,052.00	2,875.00	5,065.00	2,673.00	2,737.00	2,717.00	2,818.00	3,197.00	3,147.00
Diluted EPS	1,630.73	2,740.93	5,232.53	4,052.23	2,875.16	5,064.77	2,673.25	2,737.30	2,717.09	2,817.64	3,196.68	3,147.08

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,094.3	599.7	426.0	748.3	1,913.8	1,898.3	1,598.4	1,318.1	1,259.3	1,344.9	1,309.4	1,204.5
I. Cash and cash equivalents	184.9	149.4	38.7	27.5	237.9	20.2	6.5	21.4	52.6	20.5	3.6	39.0
1. Cash	184.9	51.4	38.7	27.5	16.4	20.2	6.5	21.4	52.6	20.5	3.6	39.0
2. Cash equivalents	—	98.0	—	—	221.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	746.3	323.2	265.6	535.3	1,541.6	1,779.1	1,512.2	1,217.2	1,105.9	1,209.7	1,210.2	1,096.7
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	746.3	323.2	265.6	535.3	1,541.6	1,779.1	1,512.2	1,217.2	1,105.9	1,209.7	1,210.2	1,096.7
III. Short-term receivables	118.8	94.8	120.4	177.6	111.7	88.9	68.9	59.3	82.7	92.3	89.5	61.0
1. Short-term trade accounts receivable	127.1	113.0	115.9	151.4	52.9	27.7	28.3	28.4	27.0	28.7	26.7	26.6
2. Short-term prepayments to suppliers	3.0	0.7	9.6	11.4	14.9	21.4	1.8	1.4	0.5	0.5	0.6	0.7
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	17.7	10.2	17.7	37.4	66.7	62.7	58.8	49.5	73.2	81.1	68.2	39.9
7. Provision for short-term doubtful debts (*)	-29.1	-29.1	-22.7	-22.7	-22.9	-22.8	-20.0	-20.1	-18.0	-18.0	-6.1	-6.1
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	0.8	1.2	1.3	1.4	0.7	0.5	0.8	0.5	0.0	0.2	0.2	0.4
1. Inventories	0.8	1.2	1.3	1.4	0.7	0.5	0.8	0.5	0.0	0.2	0.2	0.4
2. Provision for decline in value of inventories	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	43.5	31.1	—	6.6	22.0	9.6	9.9	19.6	18.0	22.2	5.9	7.3
1. Short-term prepayments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	43.5	31.1	—	6.6	22.0	9.6	9.9	19.6	18.0	22.2	5.9	7.3
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)	5,291.6	5,367.8	5,341.5	5,415.7	5,439.3	5,454.8	2,929.3	3,174.8	3,319.2	3,219.1	3,120.4	2,927.1
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	25.2	25.2	25.2	25.2	25.2	25.2	25.2	25.2	25.2	25.2	25.2	25.2
7. Provision for long-term doubtful debts	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2
II. Fixed assets	20.4	21.8	23.2	24.8	25.1	26.1	27.7	29.3	31.0	32.7	34.6	36.5
1. Tangible fixed assets	20.4	21.8	23.2	24.8	25.1	26.1	27.7	29.3	31.0	32.7	34.6	36.5
- Cost	100.3	—	—	—	—	98.3	98.3	98.3	98.3	98.3	98.3	98.3
- Accumulated depreciation	-79.9	—	—	—	—	-72.2	-70.6	-69.0	-67.3	-65.6	-63.7	-61.8
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	0.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-0.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	334.7	340.8	274.8	282.8	291.2	299.5	307.5	315.9	324.6	333.3	341.2	350.7
- Cost	784.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-449.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	51.9	43.3	60.6	55.0	41.5	9.9	185.0	181.4	181.4	181.3	181.9	180.6
1. Long-term production in progress	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7
2. Construction in progress	42.2	33.6	50.8	45.3	31.7	0.2	175.3	171.8	171.7	171.6	172.2	170.9
V. Long-term financial investments	581.5	626.4	582.2	583.4	583.4	583.4	635.3	870.4	1,000.6	886.3	773.3	566.0
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	413.6	413.6	413.6	413.6	413.6	413.6	413.6	413.6	413.6	413.6	413.6	282.8
3. Investments in other entities	171.9	171.9	171.9	171.9	171.9	171.9	171.9	171.9	171.9	171.9	171.9	171.9
4. Provision for diminution in value of long-term investments	-4.0	-3.3	-3.3	-2.1	-2.1	-2.1	-2.1	-2.1	-2.1	-2.1	-2.1	-2.1
5. Held to maturity investments	—	44.2	—	—	44.2	0.0	51.9	287.0	417.2	302.9	190.0	113.5
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	4,303.1	4,335.6	4,400.8	4,469.8	4,498.2	4,535.9	1,773.8	1,777.7	1,781.6	1,785.5	1,789.4	1,793.3
1. Long-term prepayments	4,303.1	4,335.6	4,400.8	4,469.8	4,498.2	4,535.9	1,773.8	1,777.7	1,781.6	1,785.5	1,789.4	1,793.3
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)	6,385.8	5,967.6	5,767.5	6,164.1	7,353.1	7,353.1	4,527.7	4,492.9	4,578.5	4,564.0	4,429.8	4,131.6
A. LIABILITIES (300=210+330)	5,061.5	4,644.2	4,509.9	4,888.8	6,173.3	6,218.4	3,370.5	3,399.9	3,552.8	3,603.5	3,488.9	3,267.5
I. Short -term liabilities	209.6	704.1	602.0	1,355.2	2,843.3	2,866.5	485.5	493.3	633.2	661.6	520.0	287.3
1. Short-term trade accounts payable	3.9	5.6	2.2	5.2	0.7	2.6	0.8	2.0	0.6	0.7	0.4	0.3
2. Short-term advances from customers	105.3	2.7	0.5	93.8	107.2	140.8	303.3	303.2	308.0	277.1	158.7	0.3
3. Dividends and profits payable	0.2	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	4.5	11.1	51.4	34.6	10.7	35.3	3.0	0.4	0.9	1.3	8.7	5.9
4. Payable to employees	1.7	14.1	0.9	1.3	0.7	11.2	0.8	1.1	1.0	3.8	1.4	1.0
5. Short-term acrrued expenses	0.0	0.1	0.1	0.7	1.6	1.7	0.0	0.1	0.2	0.2	0.2	0.1
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	44.1	573.7	402.9	402.4	392.1	142.0	92.4	92.4	90.9	96.0	89.7	89.2
9. Other short-term payables	3.1	3.3	3.4	3.1	3.1	3.1	3.0	2.8	2.5	2.7	2.9	3.1
10. Short-term borrowings and financial leases	46.0	92.0	138.0	813.1	2,327.0	2,529.7	80.1	90.1	226.2	275.9	248.2	175.0
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	0.7	1.4	2.7	1.3	0.0	0.1	2.1	1.2	2.8	3.9	9.9	12.3
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	4,852.0	3,940.1	3,907.9	3,533.6	3,330.1	3,351.9	2,885.0	2,906.5	2,919.5	2,941.9	2,968.9	2,980.2
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	46.5	46.5	36.4	23.6	18.4	13.3	3.0	3.1	3.1	3.1	3.4	3.4
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	4,674.1	3,808.0	3,821.9	3,322.9	3,123.3	3,177.3	2,857.4	2,875.7	2,890.0	2,910.0	2,936.7	2,947.9
7. Other long-term liabilities	26.5	22.3	22.1	21.6	22.7	23.3	24.6	27.7	26.4	28.8	28.8	28.9
8. Long-term borrowings and financial leases	—	—	—	138.0	138.0	138.0	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	104.9	63.4	27.6	27.6	27.6	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)	1,324.3	1,323.3	1,257.5	1,275.3	1,179.8	1,134.7	1,157.2	1,093.0	1,025.7	960.5	940.9	864.2
I. Owner's equity	1,324.3	1,323.3	1,257.5	1,275.3	1,179.8	1,134.7	1,157.2	1,093.0	1,025.7	960.5	940.9	864.2
1. Owner's capital	240.0	240.0	240.0	240.0	240.0	240.0	240.0	240.0	240.0	240.0	240.0	240.0
- Common stock with voting right	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00	239,999,800,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	5.8	5.8	5.8	5.8	5.8	5.8	5.8	5.8	5.8	5.8	5.8	5.8
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	452.7	452.7	452.7	452.7	364.9	364.9	364.9	364.9	275.0	275.0	275.0	275.0
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	625.8	624.9	559.1	576.8	569.1	524.1	546.5	482.4	505.0	439.8	420.1	343.4
- Accumulated retained earning at the end of the previous period	586.7	264.9	264.9	410.6	500.1	207.5	351.5	351.5	439.8	140.1	188.1	188.1
- Undistributed earnings in this period	39.1	360.0	294.2	166.3	69.0	316.6	195.1	130.9	65.2	299.7	232.0	155.3
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)	6,385.8	5,967.6	5,767.5	6,164.1	7,353.1	7,353.1	4,527.7	4,492.9	4,578.5	4,564.0	4,429.8	4,131.6

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	-12.7	-48.0	-13.3	-2.0	-23.6	-21.2	0.0	-13.0	-8.9	-25.2	-11.3	-1.4
Other Operating Receipts	3.6	—	—	—	—	-3.3	6.4	-0.1	2.0	0.8	1.9	-0.8
Other Operating Payments	-32.5	96.9	-228.1	34.1	-86.7	-2,798.9	-5.5	-11.8	-2.6	-23.9	-1.6	-10.3
Net Cash Flow from Operating Activities	474.6	392.7	542.5	243.0	179.2	-2,320.6	22.2	12.2	45.8	93.7	188.0	24.0
Payments for Fixed Assets and Other Long-term Assets	-16.0	-61.9	-0.4	-19.6	-11.9	0.0	0.0	-0.1	0.0	-1.5	0.0	0.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.2
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	-130.8	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	130.8	-130.8	0.0
Dividends and Interest Income Received	1.8	35.0	49.2	73.9	15.6	52.6	27.3	74.0	46.6	57.4	24.2	83.7
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	-393.1	-233.7	423.5	1,060.5	241.2	-110.5	-27.1	92.7	36.0	-56.5	-296.5	26.5
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	—	—	—	—	—	2,639.2	0.0	17.6	11.8	91.3	123.2	125.0
Repayment of Borrowings	-46.0	-46.0	-813.1	-1,513.9	-202.7	-51.6	-10.0	-153.7	-61.5	-63.5	-50.0	-34.8
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-0.0	-2.3	-141.7	0.0	-0.1	-142.8	-0.0	0.0	0.0	-48.0	-0.0	-143.9
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	-46.0	-48.3	-954.8	-1,513.9	-202.8	2,444.8	-10.0	-136.1	-49.7	-20.2	73.1	-53.7
Net Cash Flow During the Period	35.5	110.7	11.2	-210.4	217.7	13.7	-14.9	-31.2	32.0	16.9	-35.4	-3.3
Cash and Cash Equivalents at Beginning of Period	149.4	38.7	27.5	237.9	20.2	20.5	20.5	20.5	20.5	9.4	9.4	9.4
FX Difference from Revaluation	0.0	-0.0	0.0	0.0	0.0	-0.0	-0.0	0.0	0.0	-0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	184.9	149.4	38.7	27.5	237.9	20.2	6.5	21.4	52.6	20.5	3.6	39.0

Explore Other Stocks In The Same Sector

BCM, IDC, KBC, SNZ, SIP, DTD, SZC, LHG, TN1, SZB, SZL, IDV, TIX, ITA, MH3, VRG, BAX, HPI, PVR

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

NTC

What Is Changing

Drivers of NTC'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