PMW

Cấp nước Phú Mỹ ·UPCOM ·2026Q1

▼ Under pressure

Pre-tax profit relies materially on non-core sources Net financial result/PBT 34.00%

Price

37,000

Latest close

03 Jun 2026

P/E 18.24x

P/B 3.13x

EPS 2,028

BVPS 11,828

ROE 17.0%

ROA 15.1%

Profit Margin 28.2%

Asset Turnover 0.54x

Equity Mult. 1.12x

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

What Is Changing

On a TTM 2026Q1 basis, PMW is maintaining revenue, but margins are compressing slightly — profit is at an all-time high. More notably, a significant portion of profit is supported by non-core sources, further affecting earnings quality.

	                            
	                                TTM REVENUE
	                            
	                                    VND 360bn
	                                
+1.6%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 101bn
	                                
+1.0%YoY

	                            
	                                Net financial result / PBT
	                            
	                                    34.0%
	                                
affects earnings quality

Metric	2025	2024	2023	2022	2021
Revenue	355.5	363.8	341.8	345.4	333.5
Growth	-2%	+6%	-1%	+4%	—
Net Income	119.1	98.8	97.0	78.3	77.6
Net Margin	33.51%	27.17%	28.38%	22.66%	23.26%

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	88.8	89.4	91.4	90.6	84.2	87.4	87.0	96.0	93.4	86.8	88.7	85.5
Growth	-1%	-2%	+1%	+8%	-4%	+1%	-9%	+3%	+8%	-2%	+4%	—
Net Income	15.1	36.2	29.9	20.2	32.9	14.2	32.0	21.3	31.3	27.3	35.7	34.3
Net Margin	16.95%	40.53%	32.72%	22.33%	39.08%	16.24%	36.79%	22.18%	33.54%	31.38%	40.26%	40.06%

Drivers of PMW's profit

TTM

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

Financial income ↑ 5.3bn

Other profit ↑ 1.2bn

Finance costs ↓ 0.2bn

Selling expenses ↑ 3.3bn

Administrative expenses ↑ 2.1bn

Gross profit ↓ 0.1bn

TTM

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

Gross profit ↑ 2.0bn

Financial income ↓ 16.9bn

Selling expenses ↑ 2.2bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 16.5% = 28.3% × 0.53 × 1.10

2026Q1 17.0% = 28.2% × 0.54 × 1.12

ROE is broadly flat at 17.0% — the components are offsetting one another.

Net margin: 28.2% -0.2pp Asset turnover: 0.54x +0.01x Leverage: 1.12x +0.02x

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 stands at 28.16%, broadly flat versus the same period. Supportive factors and pressure points are offsetting one another.

Margin is nearly flat but the underlying components are moving — this is a transitional phase, more time is needed to see the real trend.

Profitability trend

Net Margin 28.16% −0.1pp

Gross Margin 34.06% −0.6pp

SG&A / Revenue 13.96% +1.3pp

Non-core / Revenue 10.23% +1.7pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Financial result is supporting margin

Financial result accounts for 34.3% of PBT and lifted net margin by 1.7pp — separate the operating contribution from this source.

Is capital being used efficiently?

Capital efficiency for utilities should be read alongside regulated tariffs and long-cycle depreciation — ROIC of 16.7% reflects a large fixed-asset base.

Is capital being deployed efficiently?

ROIC edged up to 16.71%, rising 0.4pp. That translates to 16.71 in after-tax operating profit for every 100 units of operating capital. The main driver is NOPAT margin narrowed 0.5pp, with capital turnover broadly stable; 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 16.71% +0.4pp

NOPAT Margin 28.24% −0.5pp

Capital Turnover 0.59x +0.02x

Average Invested Capital 608.6bn −15.4bn

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 0.16x equity, net debt at 0.01x equity.

Over the last 12 months, working capital released 57.5bn of cash, mainly thanks to lower receivables and lower inventories.

Working Capital Drivers

Receivables decreased → higher CFO: +18.5bn

Inventories decreased → higher CFO: +3.2bn

Payables increased → higher CFO: +35.8bn

Working Capital Efficiency

Working capital is being managed more efficiently, supporting overall capital efficiency. Cash conversion cycle improved by 54.2 days versus the same period last year. The main moves came from DIO fell 9.0 days, DSO fell 13.2 days, and DPO rose 32.0 days.

All 3 drivers (collection, inventory, payables) are improving — working capital turnover is strengthening across the board.

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.

Working Capital Efficiency

Receivables 28.2 days −13.2 days

Inventory 17.9 days −9.0 days

Payables 62.1 days +32.0 days

Cash Conversion Cycle -16.0 days −54.2 days

Is financial risk significant?

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

Leverage & Liquidity

Leverage looks fairly comfortable, with net debt / equity at 0.01x and interest coverage at 70.98x.

At present, short-term debt accounts for 57.3% of total debt, cash equals 76.6% of debt, and total debt stands at 12.9bn.

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

Leverage and liquidity trend

Net Debt / Equity 0.01x −0.03x

Interest Coverage 70.98x +6.56x

Cash / Debt 76.6% +45.3pp

Short-term Debt / Total Debt 57.3% −42.7pp

CFO / NI 1.29x −0.17x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 127.8bn in 2025, against investing cash flow of -14.8bn.

Post-investment cash flow was positive +113.1bn. Financing cash flow was negative +150.6bn.

CFO / net income was 1.29x.

After spending +72.2bn on fixed-asset investment, the business generated trailing free cash flow of +58.7bn.

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 131.0bn −15.7bn

Cash Capex 72.2bn +1.3bn

FCF TTM +58.7bn −17.0bn

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. Warning and risk signals are not yet decisive enough to shift the picture.

Watchpoint: cash flow is currently keeping pace with accounting earnings, with CFO / net income at 1.29x. Even so, net financial result still accounts for 34.0% of PBT, so the earnings mix still needs monitoring.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	355.5	363.8	341.8	345.4	333.5
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	355.5	363.8	341.8	345.4	333.5
Cost of Goods Sold	234.8	236.5	232.6	237.5	0.0
Gross Profit	120.7	127.3	109.1	107.9	109.2
Financial Income	55.6	27.8	35.3	19.3	9.1
Financial Expenses	1.5	1.6	0.7	0.9	-0.4
Interest Expense	1.5	1.6	0.7	0.9	-0.4
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	0.0
Selling Expenses	17.7	16.4	13.0	15.7	-10.8
General and Administrative Expenses	29.7	28.6	27.4	25.6	-21.5
Operating Profit	127.4	108.5	103.3	85.1	85.5
Other Income	1.5	0.7	4.4	1.1	0.0
Other Expenses	1.9	1.8	1.8	1.3	0.0
Other Profit	-0.4	-1.1	2.7	-0.2	-0.1
Profit Before Tax	127.1	107.3	106.0	84.9	85.4
Current Income Tax Expense	7.9	8.5	9.0	6.6	-7.8
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	119.1	98.8	97.0	78.3	77.6
Non-controlling Interest	—	0.0	0.0	0.0	0.0
Profit Attributable to Parent	119.1	98.8	97.0	78.3	77.6
Earnings per Share	2,144.00	1,740.00	1,740.00	1,709.00	1,939.00
Diluted EPS	2,144.00	1,740.00	1,939.98	1,665.52	1,939.00

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	40.3	104.1	91.6	101.7	51.8
I. Cash and cash equivalents	4.0	41.5	9.3	52.3	7.1
1. Cash	4.0	3.0	6.3	46.3	0.0
2. Cash equivalents	—	38.5	3.0	6.0	0.0
II. Short-term financial investments	—	0.0	30.0	0.0	0.0
1. Available for sale securities	—	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0	0.0
3. Held to maturity investments	—	0.0	30.0	0.0	0.0
III. Short-term receivables	26.1	46.6	41.7	38.4	34.3
1. Short-term trade accounts receivable	16.9	37.4	36.2	23.5	0.0
2. Short-term prepayments to suppliers	9.1	8.8	5.2	13.5	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	1.1	0.0
6. Other short-term receivables	0.2	0.5	0.3	0.4	0.0
7. Provision for short-term doubtful debts (*)	-0.1	-0.1	0.0	0.0	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	8.3	13.2	7.4	7.4	5.6
1. Inventories	8.3	13.2	7.4	7.4	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	1.9	2.7	3.1	3.6	4.9
1. Short-term prepayments	—	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	1.9	2.7	3.1	3.6	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)	632.8	597.6	567.8	542.7	517.2
I. Long-term receivables	—	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other long-term receivables	—	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	407.2	399.2	407.9	392.0	377.0
1. Tangible fixed assets	405.3	397.8	406.8	391.0	376.4
- Cost	724.8	674.5	643.4	586.8	0.0
- Accumulated depreciation	-319.6	-276.6	-236.5	-195.8	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	1.9	1.4	1.1	1.0	0.6
- Cost	4.0	3.1	2.5	2.1	0.0
- Accumulated depreciation	-2.1	-1.7	-1.4	-1.1	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	105.1	83.7	48.0	42.1	30.4
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	105.1	83.7	48.0	42.1	0.0
V. Long-term financial investments	102.6	102.6	102.6	102.6	102.6
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	102.6	102.6	0.0	82.5	0.0
3. Investments in other entities	—	0.0	102.6	20.1	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	0.0	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	17.9	12.1	9.3	5.9	0.0
1. Long-term prepayments	17.9	12.1	9.3	5.9	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	7.2
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)	673.1	701.7	659.4	644.4	569.0
A. LIABILITIES (300=210+330)	93.8	79.5	74.3	69.4	62.8
I. Short -term liabilities	93.8	79.5	74.3	69.4	62.8
1. Short-term trade accounts payable	33.3	18.2	15.9	16.4	48.5
2. Short-term advances from customers	0.1	0.0	0.0	0.0	0.0
3. Taxes and other payables to state authorities	4.6	4.2	3.0	2.1	0.0
4. Payable to employees	4.3	5.2	3.9	4.5	0.0
5. Short-term acrrued expenses	0.6	0.5	0.8	0.4	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	0.3	0.1	0.1	0.2	0.0
10. Short-term borrowings and financial leases	44.2	44.8	43.1	39.9	0.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	6.3	6.4	7.6	5.9	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	—	0.0	0.0	0.0	0.0
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	0.0	0.0	0.0	0.0
7. Other long-term liabilities	—	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	—	0.0	0.0	0.0	0.0
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0	0.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	579.3	622.1	585.1	575.0	506.2
I. Owner's equity	579.3	622.1	585.1	575.0	0.0
1. Owner's capital	500.0	500.0	500.0	470.0	506.2
- Common stock with voting right	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00	469,998,320,000.00	400,000,000,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	32.0	32.0	32.0	17.2	17.3
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	18.5	18.5	15.5	12.6	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	28.8	71.6	37.6	75.2	79.4
- Accumulated retained earning at the end of the previous period	21.6	17.6	15.2	9.4	30.2
- Undistributed earnings in this period	7.2	54.0	22.4	65.8	49.2
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)	673.1	701.7	659.4	644.4	569.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	127.1	107.3	106.0	84.9	85.4
Depreciation of Fixed Assets and Investment Property	46.2	44.0	41.1	37.3	31.5
Provision (Increase)/Reversal	—	0.1	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	-55.1	-27.8	-35.3	-18.9	0.0
Interest Expense	1.5	1.6	0.7	0.9	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	-0.1	0.0
Operating Profit Before Changes in Working Capital	119.6	125.3	112.5	104.1	108.0
Increase/(Decrease) in Receivables	21.3	-4.6	-3.9	-2.3	0.0
Increase/(Decrease) in Inventory	4.9	-5.8	-0.1	-1.8	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	9.3	4.3	-11.3	-34.6	0.0
Increase/(Decrease) in Prepaid Expenses	-5.9	-2.7	-3.4	1.3	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-1.4	-1.6	-0.7	-0.8	0.0
Corporate Income Tax Paid	-7.9	-8.2	-7.6	-7.2	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-12.0	-13.0	0.0	-7.7	0.0
Net Cash Flow from Operating Activities	127.8	93.6	85.5	51.0	108.1
Payments for Fixed Assets and Other Long-term Assets	-70.4	-71.0	-62.8	-64.3	-81.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	0.0	0.0	0.0	0.2
Loans and Purchases of Debt Instruments	—	0.0	-28.9	-0.4	-0.7
Receipts from Loan Repayments and Sale of Debt Instruments	—	30.0	0.0	0.0	9.0
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	55.6	27.9	35.3	18.9	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	-14.8	-13.2	-56.4	-45.8	-63.5
Proceeds from Equity Issuance and Capital Contributions	—	0.00	44,800,000,000.00	40,000,000,000.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	175.3	165.1	101.9	149.8	81.3
Repayment of Borrowings	-175.9	-163.3	-98.7	-109.9	-81.3
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-150.0	-50.0	-120.0	-40.0	-40.5
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	-150.6	-48.2	-72.0	39.9	-40.5
Net Cash Flow During the Period	-37.6	32.2	-42.9	45.1	-2.8
Cash and Cash Equivalents at Beginning of Period	41.5	9.3	52.3	7.1	3.1
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	4.0	41.5	9.3	52.3	7.1

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	88.8	89.4	91.4	90.6	84.2	87.4	87.0	96.0	93.4	86.8	88.7	85.5
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	88.8	89.4	91.4	90.6	84.2	87.4	87.0	96.0	93.4	86.8	88.7	85.5
Cost of Goods Sold	59.4	58.1	60.3	59.7	56.7	58.5	55.2	61.3	61.5	59.1	60.1	58.0
Gross Profit	29.4	31.3	31.1	30.9	27.4	29.0	31.7	34.7	31.9	27.7	28.6	27.5
Financial Income	0.0	22.2	11.4	5.1	16.9	0.0	15.9	0.5	11.4	16.5	17.8	18.5
Financial Expenses	0.5	0.6	0.2	0.2	0.4	0.5	0.5	0.3	0.3	0.2	0.2	0.0
Interest Expense	0.5	0.6	0.2	0.2	0.4	0.5	0.5	0.3	0.3	0.2	0.2	0.0
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	5.5	5.5	4.3	4.4	3.3	5.4	4.0	3.8	3.3	3.9	3.5	2.6
General and Administrative Expenses	6.8	8.4	5.9	9.4	6.0	7.2	7.9	7.4	6.2	9.9	5.0	6.2
Operating Profit	16.6	39.0	32.0	21.9	34.6	15.9	35.3	23.8	33.4	30.2	37.7	37.1
Other Income	0.1	0.9	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1
Other Expenses	—	1.4	0.2	0.2	0.1	0.3	1.5	0.2	0.0	1.5	0.2	1.0
Other Profit	0.1	-0.4	-0.0	0.0	0.0	-0.2	-1.4	-0.0	0.2	-1.3	-0.0	-0.8
Profit Before Tax	16.7	38.6	32.0	21.9	34.6	15.8	33.9	23.7	33.6	28.8	37.7	36.3
Current Income Tax Expense	1.7	2.4	2.1	1.7	1.7	1.6	1.9	2.4	2.3	1.6	2.0	2.0
Deferred Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	15.1	36.2	29.9	20.2	32.9	14.2	32.0	21.3	31.3	27.3	35.7	34.3
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	15.1	36.2	29.9	20.2	32.9	14.2	32.0	21.3	31.3	27.3	35.7	34.3
Earnings per Share	301.08	724.52	598.35	404.40	657.73	284.00	639.91	426.05	626.41	545.04	713.76	685.03
Diluted EPS	301.08	724.52	598.35	404.40	657.73	284.00	639.91	426.05	626.41	545.04	713.76	685.03

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)	48.7	40.4	67.0	88.2	69.8	108.1	109.9	140.7	105.3	91.6	86.1	166.0
I. Cash and cash equivalents	9.9	4.0	20.5	24.0	9.5	41.5	9.4	54.0	13.2	9.3	8.0	69.3
1. Cash	9.9	4.0	16.5	10.0	9.5	3.0	7.0	6.0	13.2	6.3	5.1	4.3
2. Cash equivalents	—	—	4.0	14.0	—	38.5	2.4	48.0	0.0	3.0	2.9	65.0
II. Short-term financial investments	—	—	—	—	—	0.0	0.0	0.0	20.0	30.0	30.0	30.0
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	—	—	—	—	—	0.0	0.0	0.0	20.0	30.0	30.0	30.0
III. Short-term receivables	27.2	26.1	37.1	43.8	45.5	50.6	53.0	58.6	47.9	41.7	37.1	47.4
1. Short-term trade accounts receivable	18.3	16.9	27.7	32.4	37.4	42.4	46.5	48.5	43.1	36.2	32.7	24.8
2. Short-term prepayments to suppliers	7.9	9.1	8.2	5.0	6.7	7.9	5.3	9.1	3.6	5.2	2.9	2.3
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	1.1
6. Other short-term receivables	1.0	0.2	1.3	6.4	1.6	0.5	1.2	1.1	1.2	0.3	1.4	19.1
7. Provision for short-term doubtful debts (*)	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	0.0	0.0	0.0	0.0	0.0	0.0
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	10.0	8.3	8.2	18.2	13.2	13.2	44.5	25.5	21.0	7.4	7.0	15.2
1. Inventories	10.0	8.3	8.2	18.2	13.2	13.2	44.5	25.5	21.0	7.4	7.0	15.2
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	1.6	1.9	1.2	2.2	1.6	2.7	3.0	2.6	3.2	3.1	4.0	4.1
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	1.0	1.9	1.2	2.2	1.6	2.7	3.0	2.6	3.2	3.1	4.0	4.1
3. Taxes and other receivables from state authorities	0.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	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)	628.5	632.8	613.9	605.7	592.8	597.6	560.6	566.1	565.1	567.8	568.1	551.0
I. Long-term receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	404.7	407.2	388.5	392.1	396.1	399.2	396.6	401.6	401.2	407.9	404.2	404.7
1. Tangible fixed assets	403.0	405.3	387.1	390.8	394.8	397.8	395.8	400.6	400.2	406.8	403.4	403.8
- Cost	734.4	—	—	—	—	674.5	661.3	658.7	647.5	643.4	629.3	619.5
- Accumulated depreciation	-331.4	—	—	—	—	-276.6	-265.5	-258.1	-247.2	-236.5	-225.9	-215.7
2. Financial leased fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	1.8	1.9	1.4	1.2	1.3	1.4	0.9	0.9	1.0	1.1	0.8	0.9
- Cost	4.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-2.2	—	—	—	—	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	104.5	105.1	104.3	96.7	82.5	83.7	50.0	50.5	51.2	48.0	54.4	37.1
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	104.5	105.1	104.3	96.7	82.5	83.7	50.0	50.5	51.2	48.0	54.4	37.1
V. Long-term financial investments	102.6	102.6	102.6	102.6	102.6	102.6	102.6	102.6	102.6	102.6	102.6	102.6
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	102.6	102.6	102.6	102.6	82.5	82.5	82.5	82.5	82.5	82.5	82.5	82.5
3. Investments in other entities	—	—	—	—	20.1	20.1	20.1	20.1	20.1	20.1	20.1	20.1
4. Provision for diminution in value of long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	16.7	17.9	18.5	14.3	11.6	12.1	11.4	11.5	10.1	9.3	7.0	6.6
1. Long-term prepayments	16.7	17.9	18.5	14.3	11.6	12.1	11.4	11.5	10.1	9.3	7.0	6.6
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)	677.2	673.1	680.9	693.9	662.6	705.7	670.6	706.8	670.3	659.4	654.2	717.0
A. LIABILITIES (300=210+330)	85.8	93.7	81.9	71.6	60.6	83.6	55.8	74.1	58.9	74.0	30.6	109.1
I. Short -term liabilities	80.3	93.7	81.9	71.6	60.6	83.6	55.8	74.1	58.9	74.0	30.6	109.1
1. Short-term trade accounts payable	61.3	33.3	66.3	60.8	19.5	17.3	14.1	22.0	18.8	15.9	18.8	38.2
2. Short-term advances from customers	0.1	0.1	0.0	0.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.2
3. Taxes and other payables to state authorities	2.4	4.6	5.3	3.3	3.1	4.2	4.8	3.7	3.3	2.9	3.2	3.7
4. Payable to employees	1.4	4.3	3.6	3.1	2.7	5.2	4.4	3.9	3.0	3.9	4.4	3.5
5. Short-term acrrued expenses	0.2	0.5	0.1	0.3	0.1	0.5	0.1	0.4	0.1	0.5	0.4	0.4
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	1.8	0.3	1.4	0.5	0.3	4.1	0.1	0.1	0.1	0.1	0.0	60.0
10. Short-term borrowings and financial leases	7.4	44.2	3.5	1.3	30.3	44.8	31.1	38.6	26.9	43.1	2.1	0.0
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	5.7	6.3	1.7	2.2	4.6	6.4	1.2	5.4	6.8	7.6	1.6	3.1
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	5.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term trade payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	5.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Convertible bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	591.4	579.5	599.0	622.2	602.0	622.1	614.8	632.8	611.5	585.4	623.6	607.9
I. Owner's equity	591.4	579.5	599.0	622.2	602.0	622.1	614.8	632.8	611.5	585.4	623.6	607.9
1. Owner's capital	500.0	500.0	500.0	500.0	500.0	500.0	500.0	500.0	500.0	500.0	500.0	500.0
- Common stock with voting right	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00	499,998,320,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	32.0	32.0	32.0	32.0	32.0	32.0	32.0	32.0	32.0	32.0	32.0	32.0
3. Convertible bond option	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	18.5	18.5	18.5	18.5	18.5	18.5	15.5	15.5	15.5	15.5	12.6	12.6
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	40.8	28.9	48.4	71.7	51.5	71.6	67.2	85.2	63.9	37.9	79.0	63.2
- Accumulated retained earning at the end of the previous period	28.8	21.6	21.6	21.6	21.6	37.6	37.6	37.6	37.6	15.2	13.9	13.9
- Undistributed earnings in this period	12.1	7.3	26.8	50.1	29.9	34.0	29.6	47.6	26.3	22.7	65.0	49.3
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)	677.2	673.1	680.9	693.9	662.6	705.7	670.6	706.8	670.3	659.4	654.2	717.0

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	16.7	38.5	32.0	22.0	34.6	15.8	33.9	23.7	33.6	29.5	37.7	18.3
Depreciation of Fixed Assets and Investment Property	12.0	11.1	11.9	11.7	11.5	11.2	11.1	10.9	10.8	10.7	10.3	10.2
Provision (Increase)/Reversal	—	—	—	—	—	-0.1	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	-55.0	21.9	-22.0	-0.0	0.1	11.3	-11.9	-0.0	-30.4	-4.0	3.1
Interest Expense	0.5	0.6	0.2	0.2	0.4	0.5	0.5	0.3	0.3	0.2	0.2	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	29.2	-4.8	66.0	11.9	46.6	27.4	56.8	23.1	44.7	10.0	44.3	31.6
Increase/(Decrease) in Receivables	-0.6	10.3	7.7	1.1	2.2	2.8	5.1	-10.1	-6.3	-3.7	-8.8	3.0
Increase/(Decrease) in Inventory	-1.7	-0.2	10.4	-5.4	-0.0	31.3	-18.9	-4.6	-13.5	-0.4	8.1	-5.4
Increase/(Decrease) in Payables (Excl. Interest and CIT)	24.4	-37.2	0.9	47.8	-2.1	9.4	-6.3	4.4	1.3	-14.0	-12.4	15.1
Increase/(Decrease) in Prepaid Expenses	1.2	0.6	-4.2	-2.7	0.4	-0.7	0.0	-1.4	-0.7	-2.4	-0.4	-0.4
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-0.5	-0.5	-0.2	-0.2	-0.5	-0.4	-0.5	-0.3	-0.4	-0.1	-0.3	0.0
Corporate Income Tax Paid	-2.2	-4.2	0.0	-1.6	-2.2	-2.2	-2.1	-2.0	-1.9	-2.0	-1.6	-2.8
Other Operating Receipts	0.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-3.6	-7.1	2.3	-5.9	-1.3	-1.6	-4.2	-1.4	-5.8	9.3	-9.3	4.0
Net Cash Flow from Operating Activities	46.2	-43.4	83.1	45.0	43.1	66.0	29.9	7.8	17.3	-3.4	19.8	45.1
Payments for Fixed Assets and Other Long-term Assets	-8.9	-25.5	-16.4	-21.4	-7.1	-47.5	-5.7	-10.6	-7.2	-8.1	-27.1	-14.6
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	—	—	0.0	0.0	0.0	0.0	-3.9	3.9	-3.9
Loans and Purchases of Debt Instruments	—	—	—	—	—	0.0	0.0	0.0	0.0	1.1	0.0	-30.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	—	—	—	0.0	0.0	20.0	10.0	-1.1	1.1	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	0.0	55.6	-16.4	16.4	0.0	-0.1	-11.3	11.8	0.0	34.2	0.4	0.4
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	-8.9	30.0	-32.7	-5.0	-7.1	-47.6	-17.0	21.3	2.8	22.3	-21.6	-48.0
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	44,800,000,000.00
Share Repurchases	—	—	—	—	—	0.00	0.00	0.00	0.00	200,612,600.00	-200,612,600.00	200,612,600.00
Proceeds from Borrowings	24.8	76.8	28.4	24.1	45.9	44.9	41.3	49.1	29.9	44.6	45.3	12.0
Repayment of Borrowings	-56.1	-30.0	-32.3	-49.7	-63.9	-31.1	-48.8	-37.4	-46.1	-3.6	-43.2	-12.0
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	-50.0	-50.0	0.0	-50.0	0.0	-50.0	0.0	0.0	-58.8	-61.2	0.0
Other Financing Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	-0.0	0.0	0.0
Other Financing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-31.3	-3.2	-53.9	-25.5	-68.0	13.8	-57.5	11.7	-16.2	-17.6	-59.4	45.0
Net Cash Flow During the Period	5.9	-16.5	-3.5	14.5	-32.0	32.1	-44.6	40.8	3.9	1.3	-61.3	42.1
Cash and Cash Equivalents at Beginning of Period	4.0	20.5	24.0	9.5	41.5	9.3	9.3	9.3	9.3	52.3	52.3	52.3
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	9.9	4.0	20.5	24.0	9.5	41.5	9.4	54.0	13.2	9.3	8.0	69.3

Explore Other Stocks In The Same Sector

BWE, DNW, BWS, DNP, DNN, TDM, VAV, HPW, HWS, KHW, CTW, LDW, 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.

PMW

What Is Changing

Drivers of PMW'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