PPY

Xăng dầu Dầu khí Phú Yên ·HNX ·2026Q1

▼ Slightly negative

Capital efficiency remains weak ROE 0.86%, +5.79pp YoY

Price

8,700

Latest close

03 Jun 2026

P/E 8.97x

P/B 0.51x

EPS 970

BVPS 16,934

ROE 5.7%

ROA 2.2%

Profit Margin 0.2%

Asset Turnover 10.62x

Equity Mult. 2.64x

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

What Is Changing

On a TTM 2026Q1 basis, PPY shows mild improvement in both revenue and margins, but the magnitude of change is narrow — profit is at an all-time high. More notably, most of the profit comes from non-core sources — this needs careful evaluation before concluding on growth quality.

	                            
	                                TTM REVENUE
	                            
	                                    VND 4,437bn
	                                
+4.6%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 9bn
	                                
+5.1%YoY

	                            
	                                Non-core income / PBT
	                            
	                                    82.9%

Metric	2025	2024	2023	2022	2021
Revenue	4,130.4	4,459.8	4,415.4	4,237.8	2,030.4
Growth	-7%	+1%	+4%	+109%	—
Net Income	1.3	11.5	10.6	24.7	16.9
Net Margin	0.03%	0.26%	0.24%	0.58%	0.83%

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	1,323.2	1,049.9	1,026.3	1,038.1	1,016.2	885.1	1,022.7	1,316.4	1,235.5	1,207.8	1,082.7	1,086.3
Growth	+26%	+2%	-1%	+2%	+15%	-13%	-22%	+7%	+2%	+12%	-0%	—
Net Income	8.3	-2.2	1.5	1.4	0.6	5.0	-0.4	3.4	3.5	1.0	5.0	1.8
Net Margin	0.63%	-0.21%	0.15%	0.13%	0.06%	0.56%	-0.04%	0.26%	0.28%	0.08%	0.47%	0.17%

Drivers of PPY's profit

TTM

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

Gross profit ↑ 17.0bn

Financial income ↑ 1.8bn

Administrative expenses ↓ 1.6bn

Finance costs ↓ 0.8bn

Other profit ↓ 11.4bn

Selling expenses ↑ 7.1bn

TTM

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

Gross profit ↑ 25.8bn

Selling expenses ↑ 11.5bn

Other profit ↓ 3.6bn

Administrative expenses ↑ 1.8bn

Tax ↑ 1.6bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 5.4% = 0.2% × 10.19 × 2.62

2026Q1 5.7% = 0.2% × 10.62 × 2.64

ROE is broadly flat at 5.7% — the components are offsetting one another.

Net margin: 0.2% +0.0pp Asset turnover: 10.62x +0.43x Leverage: 2.64x +0.02x

Is the profit sustainable?

Margins improved (+0.0pp), but earnings still rely significantly on non-core sources — warrants closer scrutiny.

very positive positive stable watch under pressure

What is driving the margin?

Net margin stands at 0.20%, 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 0.20% +0.0pp

Gross Margin 4.19% +0.2pp

SG&A / Revenue 4.21% −0.1pp

Non-core / Revenue 0.30% −0.2pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Other income is supporting margin

Margin support from other income remains high (106.4% of PBT) — sustainability should be monitored.

Is capital being used efficiently?

Capital is being used more efficiently — ROIC rose and cash cycle shortened to 4.2 days.

Is capital being deployed efficiently?

ROIC expanded to 0.86%, rising 5.8pp. That translates to 0.86 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin rose 0.3pp and capital turnover rose 1.91x, with invested capital holding roughly steady — capital-return quality improved from both sides.

NOPAT margin led the improvement, but the ROIC level has not yet cleared typical cost of capital — margin needs to hold in coming periods rather than being a one-period rebound.

Watchpoints

ROIC remains low

ROIC is currently 0.86% — below the typical cost-of-capital threshold; worth tracking whether upcoming periods can rise above this level.

CAPITAL EFFICIENCY TREND

ROIC 0.86% +5.8pp

NOPAT Margin 0.03% +0.3pp

Capital Turnover 24.46x +1.91x

Average Invested Capital 181.4bn −6.6bn

Balance Sheet

ROIC is improving — the asset structure below shows how capital is being allocated. Capital structure is conservative with low leverage — liabilities at 1.02x equity, net debt at 0.08x equity.

Over the last 12 months, working capital released 35.4bn of cash, mainly thanks to higher payables. Pressure from higher receivables and higher inventories only partly offset that benefit.

Working Capital Drivers

Receivables increased → lower CFO: −9.4bn

Inventories increased → lower CFO: −35.3bn

Payables increased → higher CFO: +80.1bn

Working Capital Efficiency

Working capital is being managed more efficiently, supporting overall capital efficiency. Cash conversion cycle improved by 1.5 days versus the same period last year. The main moves came from DIO fell 0.8 days, DSO fell 0.6 days, and DPO rose 0.1 days.

Working capital cycle is flat — components are offsetting each other.

Working Capital Efficiency

Receivables 8.0 days −0.6 days

Inventory 10.5 days −0.8 days

Payables 14.3 days +0.1 days

Cash Conversion Cycle 4.2 days −1.5 days

Is financial risk significant?

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

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 0.08x and interest coverage only at 0.80x.

At present, short-term debt accounts for 4.0% of total debt, cash equals 58.5% of debt, and total debt stands at 29.9bn.

Watchpoints

Interest coverage is thin

Interest coverage is 0.80x, leaving limited room to absorb financing costs.

Leverage and liquidity trend

Net Debt / Equity 0.08x −0.13x

Interest Coverage 0.80x +4.24x

Cash / Debt 58.5% +44.6pp

Short-term Debt / Total Debt 4.0% −9.2pp

CFO / NI 4.38x +3.50x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 20.9bn in 2025, against investing cash flow of -14.5bn.

Post-investment cash flow was positive +6.4bn. Financing cash flow was negative +0.6bn.

CFO / net income was 4.38x.

After spending +14.9bn on fixed-asset investment, the business generated trailing free cash flow of +24.8bn.

Cash Conversion

CFO TTM 39.7bn +32.1bn

Cash Capex 14.9bn +3.4bn

FCF TTM +24.8bn +28.7bn

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 capital efficiency remains weak remaining the main constraint, with ROIC at 0.9%. The next watchpoint is the earnings mix, when non-core contribution is 23.5%. The main offsetting support comes from cash generation.

Improvement: cash generation is recovering, with trailing-12M FCF improving by 28.7bn versus the same period last year.

Watchpoint: cash flow is currently keeping pace with accounting earnings, with CFO / net income at 4.38x. Even so, net financial result still accounts for 23.5% of PBT, so the earnings mix still needs monitoring.

Key risk: Capital efficiency remains weak.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	4,130.4	4,459.8	4,415.4	4,237.8	2,030.4
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	4,130.4	4,459.8	4,415.4	4,237.8	2,030.4
Cost of Goods Sold	3,970.1	4,279.7	4,260.5	4,099.0	0.0
Gross Profit	160.3	180.0	154.9	138.8	127.7
Financial Income	5.1	4.0	5.4	7.0	3.5
Financial Expenses	2.7	3.2	1.8	1.4	-0.5
Interest Expense	2.7	3.2	1.8	1.4	-0.5
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	136.8	150.5	129.9	110.2	-89.4
General and Administrative Expenses	33.0	36.7	36.0	16.5	-26.7
Operating Profit	-7.2	-6.4	-7.3	17.8	14.5
Other Income	14.4	20.3	20.4	13.4	0.0
Other Expenses	4.1	0.4	0.3	0.3	0.0
Other Profit	10.3	19.9	20.1	13.1	6.6
Profit Before Tax	3.1	13.4	12.8	30.9	21.1
Current Income Tax Expense	0.3	2.5	2.0	6.6	-4.2
Deferred Income Tax Expense	1.5	-0.5	0.1	-0.5	0.0
Net Income	1.3	11.5	10.6	24.7	16.9
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	1.3	11.5	10.6	24.7	16.9
Earnings per Share	140.00	1,231.00	1,137.00	2,626.00	1,668.00
Diluted EPS	139.57	1,231.13	1,137.37	2,648.53	1,955.25

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	110.4	171.7	215.4	161.1	128.4
I. Cash and cash equivalents	10.1	4.3	12.8	9.0	2.6
1. Cash	10.1	4.3	12.8	9.0	0.0
2. Cash equivalents	—	0.0	0.0	0.0	0.0
II. Short-term financial investments	—	0.0	0.0	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	0.0	0.0	0.0
III. Short-term receivables	65.2	89.1	90.2	109.8	72.3
1. Short-term trade accounts receivable	65.0	88.9	89.7	95.7	0.0
2. Short-term prepayments to suppliers	0.3	1.0	1.1	11.9	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	0.8	0.5	0.6	3.1	0.0
7. Provision for short-term doubtful debts (*)	-0.8	-1.3	-1.1	-0.8	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	29.0	78.1	109.6	41.7	52.8
1. Inventories	29.0	78.1	112.3	42.7	0.0
2. Provision for decline in value of inventories	—	0.0	-2.7	-1.0	0.0
V. Other short-term assets	6.1	0.3	2.7	0.7	0.7
1. Short-term prepayments	4.9	0.2	0.9	0.7	0.0
2. Value added tax to be reclaimed	0.0	0.1	1.0	0.0	0.0
3. Taxes and other receivables from state authorities	1.2	0.0	0.9	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)	192.5	180.4	181.5	143.8	132.0
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	130.8	130.8	93.8	91.1	84.1
1. Tangible fixed assets	104.7	103.6	66.0	62.5	55.6
- Cost	208.9	195.0	146.6	135.9	0.0
- Accumulated depreciation	-104.2	-91.4	-80.6	-73.5	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	26.1	27.3	27.7	28.7	28.5
- Cost	33.2	33.2	32.6	32.6	0.0
- Accumulated depreciation	-7.1	-6.0	-4.9	-3.9	0.0
III. Investment properties	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	6.7	3.4	41.0	3.7	4.9
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	6.7	3.4	41.0	3.7	0.0
V. Long-term financial investments	9.4	9.4	9.4	9.4	9.4
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	9.4	9.4	9.4	9.4	0.0
3. Investments in other entities	—	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	0.0	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	45.6	36.9	37.3	39.6	0.0
1. Long-term prepayments	44.5	34.3	35.3	37.4	0.0
2. Deferred income tax assets	1.1	2.6	2.1	2.2	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	33.6
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)	302.9	352.1	396.9	304.9	260.4
A. LIABILITIES (300=210+330)	153.0	194.1	241.2	144.5	122.8
I. Short -term liabilities	116.3	160.3	207.3	131.0	95.3
1. Short-term trade accounts payable	43.8	103.0	142.1	85.0	23.0
2. Short-term advances from customers	9.8	6.2	4.3	3.4	2.4
3. Taxes and other payables to state authorities	37.2	30.3	33.1	20.6	0.0
4. Payable to employees	11.4	9.2	18.6	13.6	0.0
5. Short-term acrrued expenses	0.7	1.8	0.4	0.3	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	—	0.1	0.3	0.0	0.0
9. Other short-term payables	1.3	1.0	1.1	0.7	0.0
10. Short-term borrowings and financial leases	9.9	6.9	6.4	3.5	1.6
11. Provision for short-term liabilities	—	0.0	0.0	3.0	0.0
12.. Bonus and welfare fund	2.3	1.8	1.0	0.9	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	36.7	33.8	33.9	13.5	27.5
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	36.7	33.8	33.9	13.5	27.5
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)	149.9	158.0	155.7	160.4	137.6
I. Owner's equity	149.9	158.0	155.7	160.4	0.0
1. Owner's capital	93.4	93.4	93.4	93.4	137.6
- Common stock with voting right	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	86,519,260,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
5. Treasury shares	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	48.6	46.8	45.2	41.5	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	7.9	17.7	17.0	25.4	14.7
- Accumulated retained earning at the end of the previous period	6.6	6.2	6.4	0.8	0.2
- Undistributed earnings in this period	1.3	11.5	10.6	24.6	14.4
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)	302.9	352.1	396.9	304.9	260.4

Item	2025	2024	2023	2022	2021
Profit Before Tax	3.1	13.4	12.8	30.9	21.1
Depreciation of Fixed Assets and Investment Property	14.8	12.0	8.0	7.4	4.2
Provision (Increase)/Reversal	-0.5	-2.6	-1.0	-15.6	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-2.8	-1.6	-0.8	-7.0	0.0
Interest Expense	2.7	3.2	1.8	1.4	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	17.4	24.5	20.8	17.1	23.4
Increase/(Decrease) in Receivables	23.2	3.2	17.4	-10.5	0.0
Increase/(Decrease) in Inventory	49.1	34.2	-69.6	10.1	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-47.4	-48.7	81.0	36.6	0.0
Increase/(Decrease) in Prepaid Expenses	-15.0	1.7	1.8	-5.4	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-2.7	-2.4	-1.8	-1.4	0.0
Corporate Income Tax Paid	-1.2	-1.4	-6.6	-4.4	0.0
Other Operating Receipts	—	0.1	0.0	0.0	0.0
Other Operating Payments	-2.5	-1.8	-6.0	-2.2	0.0
Net Cash Flow from Operating Activities	20.9	9.5	37.1	39.9	-4.4
Payments for Fixed Assets and Other Long-term Assets	-17.3	-13.6	-48.0	-23.7	-9.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	0.0	0.0	0.0	0.0
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	2.8	1.6	0.8	2.2	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-14.5	-11.9	-47.2	-21.5	-7.8
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	12.9	7.3	27.5	14.2	29.3
Repayment of Borrowings	-7.0	-6.9	-4.1	-26.2	-10.9
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-6.5	-6.5	-9.3	-0.0	-5.6
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	-0.6	-6.1	14.0	-12.0	12.8
Net Cash Flow During the Period	5.8	-8.6	3.9	6.3	-0.5
Cash and Cash Equivalents at Beginning of Period	4.3	12.8	9.0	2.6	2.0
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	10.1	4.3	12.8	9.0	2.6

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	1,323.2	1,049.9	1,026.3	1,038.1	1,016.2	885.1	1,022.7	1,316.4	1,235.5	1,207.8	1,082.7	1,086.3
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	1,323.2	1,049.9	1,026.3	1,038.1	1,016.2	885.1	1,022.7	1,316.4	1,235.5	1,207.8	1,082.7	1,086.3
Cost of Goods Sold	1,256.8	1,010.9	986.3	997.4	975.6	848.9	983.6	1,263.2	1,184.0	1,175.3	1,036.5	1,048.7
Gross Profit	66.4	39.0	40.0	40.7	40.6	36.2	39.1	53.2	51.5	32.5	46.2	37.6
Financial Income	1.0	0.6	0.5	3.5	0.5	0.4	0.6	2.3	0.6	0.6	1.1	2.2
Financial Expenses	0.6	0.7	0.7	0.7	0.7	0.8	0.8	1.3	0.4	0.4	0.4	0.5
Interest Expense	0.6	0.7	0.7	0.7	0.7	0.8	0.8	1.3	0.4	0.4	0.4	0.5
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	45.4	36.1	34.1	36.4	33.9	28.2	36.7	46.1	39.5	31.2	34.0	33.2
General and Administrative Expenses	10.7	8.2	7.6	8.3	8.9	9.5	8.7	9.4	9.1	11.0	7.9	8.8
Operating Profit	10.6	-5.5	-1.8	-1.2	-2.5	-1.9	-6.4	-1.3	3.1	-9.5	5.0	-2.6
Other Income	0.4	3.7	3.8	3.7	3.2	7.8	5.9	5.2	1.3	10.4	1.2	4.9
Other Expenses	0.8	0.1	0.1	0.2	—	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Other Profit	-0.4	3.6	3.8	3.6	3.2	7.7	5.9	5.1	1.2	10.4	1.2	4.8
Profit Before Tax	10.2	-1.9	2.0	2.3	0.7	5.9	-0.5	3.8	4.3	0.8	6.2	2.2
Current Income Tax Expense	1.7	0.1	0.1	0.1	0.1	2.5	-0.4	0.1	0.5	0.3	1.1	0.3
Deferred Income Tax Expense	0.2	0.3	0.4	0.9	—	-1.6	0.3	0.3	0.3	-0.5	0.0	0.2
Net Income	8.3	-2.2	1.5	1.4	0.6	5.0	-0.4	3.4	3.5	1.0	5.0	1.8
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	8.3	-2.2	1.5	1.4	0.6	5.0	-0.4	3.4	3.5	1.0	5.0	1.8
Earnings per Share	893.00	-237.00	165.00	149.00	66.00	535.00	-41.00	363.00	375.00	103.00	540.00	194.00
Diluted EPS	893.31	-236.96	164.59	148.68	66.15	534.70	-41.40	363.32	374.51	103.37	540.45	193.69

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)	272.1	110.5	157.2	137.4	205.5	171.7	195.1	227.4	271.9	215.4	196.5	213.4
I. Cash and cash equivalents	17.5	10.1	4.2	4.7	5.4	4.3	4.4	13.6	15.7	12.8	10.1	4.8
1. Cash	17.5	10.1	4.2	4.7	5.4	4.3	4.4	13.6	15.7	12.8	10.1	4.8
2. Cash equivalents	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	0.0	0.0	0.0	0.0
III. Short-term receivables	101.5	68.1	83.3	88.5	94.1	89.1	99.4	116.7	107.9	90.2	100.4	109.3
1. Short-term trade accounts receivable	100.6	65.0	81.0	88.0	92.9	88.9	96.5	116.5	106.9	89.7	96.3	97.6
2. Short-term prepayments to suppliers	0.2	0.3	1.8	0.7	0.9	1.0	1.0	0.5	0.5	1.1	4.0	11.4
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	1.5	3.6	1.1	1.0	1.5	0.5	3.0	0.9	1.6	0.6	0.8	1.0
7. Provision for short-term doubtful debts (*)	-0.8	-0.8	-0.6	-1.2	-1.2	-1.3	-1.1	-1.1	-1.2	-1.1	-0.7	-0.7
8. Assets awaiting resolution	0.0	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	140.2	29.0	68.4	42.6	104.9	78.1	89.8	96.8	145.9	109.6	84.5	97.4
1. Inventories	140.2	29.0	68.4	42.6	104.9	78.1	89.8	96.8	148.6	112.3	84.5	97.4
2. Provision for decline in value of inventories	—	—	—	—	—	0.0	0.0	0.0	-2.7	-2.7	0.0	0.0
V. Other short-term assets	12.9	3.3	1.4	1.5	1.1	0.3	1.4	0.3	2.4	2.7	1.5	2.0
1. Short-term prepayments	11.9	2.6	1.1	1.0	0.6	0.2	0.7	0.1	1.9	0.9	1.5	2.0
2. Value added tax to be reclaimed	1.0	0.0	0.0	0.2	0.1	0.1	0.1	0.0	0.2	1.0	0.0	0.0
3. Taxes and other receivables from state authorities	0.1	0.7	0.3	0.4	0.4	0.0	0.7	0.3	0.4	0.9	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)	182.2	192.5	180.0	181.2	176.1	180.6	181.7	183.2	178.8	181.5	152.5	145.3
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	127.0	130.8	123.3	125.3	128.6	130.8	133.9	136.3	92.2	93.8	89.1	90.9
1. Tangible fixed assets	101.6	104.7	96.9	98.6	101.6	103.6	106.4	108.4	64.7	66.0	61.1	62.7
- Cost	209.5	—	—	—	—	195.0	194.2	193.1	147.0	146.6	139.8	139.7
- Accumulated depreciation	-107.9	—	—	—	—	-91.4	-87.8	-84.7	-82.4	-80.6	-78.8	-77.0
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	25.4	26.1	26.4	26.7	27.0	27.3	27.6	27.8	27.5	27.7	28.0	28.2
- Cost	31.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-6.1	—	—	—	—	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	6.7	6.7	7.2	5.0	3.4	3.4	3.0	3.3	41.8	41.0	15.7	6.4
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	6.7	6.7	7.2	5.0	3.4	3.4	3.0	3.3	41.8	41.0	15.7	6.4
V. Long-term financial investments	9.4	9.4	9.4	9.4	9.4	9.4	9.4	9.4	9.4	9.4	9.4	9.4
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	9.4	9.4	9.4	9.4	9.4	9.4	9.4	9.4	9.4	9.4	9.4	9.4
3. Investments in other entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	39.2	45.6	40.1	41.6	34.7	37.1	35.4	34.3	35.6	37.3	38.4	38.7
1. Long-term prepayments	38.3	44.5	38.7	39.9	32.1	34.3	34.2	32.9	33.8	35.3	36.8	37.1
2. Deferred income tax assets	0.8	1.1	1.4	1.7	2.6	2.8	1.2	1.4	1.7	2.1	1.6	1.6
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)	454.3	302.9	337.1	318.6	381.6	352.3	376.7	410.7	450.7	396.9	349.1	358.7
A. LIABILITIES (300=210+330)	296.1	153.0	185.0	168.1	222.9	194.3	223.7	257.3	291.5	241.2	194.8	209.4
I. Short -term liabilities	267.4	116.3	151.2	134.2	189.1	160.5	182.7	221.6	255.9	207.3	177.4	193.9
1. Short-term trade accounts payable	204.2	43.8	87.6	70.6	127.9	103.0	110.3	135.8	189.0	142.1	96.0	126.9
2. Short-term advances from customers	11.1	9.9	3.8	3.7	4.2	6.2	2.6	2.2	2.1	4.3	3.5	3.2
3. Dividends and profits payable	0.2	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	30.1	37.2	35.8	34.5	37.2	30.5	31.8	41.0	37.8	33.1	33.6	29.2
4. Payable to employees	7.8	11.4	10.0	7.2	6.6	9.2	13.4	10.0	9.0	18.6	17.5	13.1
5. Short-term acrrued expenses	4.4	0.7	7.5	5.6	5.7	1.8	15.6	20.6	7.5	0.4	12.8	9.6
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	0.1	0.1	0.2	0.2	0.2	0.3	0.0	0.0
9. Other short-term payables	6.6	1.3	1.3	5.6	1.2	1.0	4.4	5.8	4.8	1.1	7.5	4.4
10. Short-term borrowings and financial leases	1.2	9.9	1.7	3.4	5.1	6.9	1.5	3.1	4.8	6.4	1.0	2.0
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	1.6	2.3	3.6	3.6	1.2	1.8	2.8	2.9	0.6	1.0	5.5	5.6
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	28.8	36.7	33.8	33.8	33.8	33.8	41.0	35.7	35.7	33.9	17.3	15.5
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	28.8	36.7	33.8	33.8	33.8	33.8	41.0	35.7	35.7	33.9	17.3	15.5
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)	158.2	149.9	152.1	150.6	158.6	158.0	153.0	153.4	159.2	155.7	154.3	149.3
I. Owner's equity	158.2	149.9	152.1	150.6	158.6	158.0	153.0	153.4	159.2	155.7	154.3	149.3
1. Owner's capital	93.4	93.4	93.4	93.4	93.4	93.4	93.4	93.4	93.4	93.4	93.4	93.4
- Common stock with voting right	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00	93,439,740,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	48.6	48.6	48.6	48.6	46.8	46.8	46.8	46.8	45.2	45.2	45.2	45.2
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	16.2	7.9	10.1	8.6	18.3	17.7	12.7	13.1	20.5	17.0	15.6	10.6
- Accumulated retained earning at the end of the previous period	7.9	6.6	6.6	6.6	17.7	6.2	6.2	6.2	17.0	6.4	6.4	6.4
- Undistributed earnings in this period	8.3	1.3	3.5	2.0	0.6	11.5	6.5	6.9	3.5	10.6	9.2	4.2
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)	454.3	302.9	337.1	318.6	381.6	352.3	376.7	410.7	450.7	396.9	349.1	358.7

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	10.2	-1.9	2.0	2.3	0.7	5.9	-0.5	3.8	4.3	0.8	6.2	2.2
Depreciation of Fixed Assets and Investment Property	4.1	3.7	3.7	3.9	3.4	4.0	3.4	2.6	2.1	2.0	2.0	2.0
Provision (Increase)/Reversal	-0.1	0.2	-0.6	-0.0	-0.1	0.1	-0.0	-2.8	0.1	3.2	-0.0	-1.1
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	-2.8	-0.0	-0.0	-0.0	-1.6	-0.0	4.0	-1.1	-3.6
Interest Expense	0.6	0.7	0.7	0.7	0.7	0.8	0.8	1.3	0.4	0.4	0.4	0.5
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	14.9	2.7	5.8	4.1	4.7	10.8	3.6	3.3	6.8	10.4	7.5	0.0
Increase/(Decrease) in Receivables	-37.5	16.9	6.0	5.2	-4.9	10.9	15.8	-8.1	-16.9	13.2	3.5	2.7
Increase/(Decrease) in Inventory	-111.2	39.4	-25.7	62.3	-26.9	11.8	7.0	51.9	-36.3	-27.8	12.9	34.9
Increase/(Decrease) in Payables (Excl. Interest and CIT)	158.8	-42.2	23.0	-59.6	31.3	-27.7	-32.1	-40.1	50.5	21.8	-10.0	-30.8
Increase/(Decrease) in Prepaid Expenses	-0.8	-9.6	1.2	-8.3	1.7	0.4	-2.0	2.8	0.5	2.1	0.7	-2.8
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-0.7	-0.7	-0.7	-0.7	-0.7	-0.8	-0.8	-0.4	-0.4	-0.4	-0.4	-0.5
Corporate Income Tax Paid	—	-0.5	0.0	0.0	-0.7	-1.4	0.0	0.0	0.0	-2.4	-0.0	0.0
Other Operating Receipts	—	—	—	—	—	0.0	0.1	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-0.7	-1.3	-0.0	-0.5	-0.6	-1.0	-0.1	-0.4	-0.3	-4.1	-0.1	1.0
Net Cash Flow from Operating Activities	22.9	4.7	9.6	2.5	4.1	3.0	-8.4	8.9	3.8	12.9	14.0	4.7
Payments for Fixed Assets and Other Long-term Assets	1.2	-9.9	-4.0	-2.1	-1.2	-1.2	-4.5	-4.5	-1.2	-32.1	-9.5	0.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	0.0	0.0	0.0	2.8	0.0	0.0	0.0	1.6	0.0	0.0	0.0	0.8
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	1.2	-9.9	-4.0	0.7	-1.2	-1.2	-4.5	-2.9	-1.1	-32.1	-9.5	1.0
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	—	12.9	—	—	—	0.0	5.5	0.0	1.8	23.1	2.0	0.6
Repayment of Borrowings	-16.7	-1.8	-1.7	-1.7	-1.8	-1.9	-1.8	-1.6	-1.6	-1.1	-1.1	-1.0
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	-0.0	-4.4	-2.1	—	-0.0	-0.0	-6.5	0.0	-0.0	-0.0	-9.3
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	-16.7	11.1	-6.1	-3.9	-1.8	-1.9	3.7	-8.1	0.1	22.0	0.8	-9.6
Net Cash Flow During the Period	7.4	6.0	-0.5	-0.7	1.1	-0.1	-9.2	-2.1	2.8	2.8	5.3	-3.9
Cash and Cash Equivalents at Beginning of Period	10.1	4.2	4.7	5.4	4.3	12.8	12.8	12.8	12.8	9.0	9.0	9.0
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	17.5	10.1	4.2	4.7	5.4	4.3	4.4	13.6	15.7	12.8	10.1	4.8

Explore Other Stocks In The Same Sector

BSR, PLX, OIL, CCI, PJC, PMS, COM, DVC, SFC, PTX, PLO, ASP, POV, PSC, PPT, PVO, PND, POB, PCF, APP, PSH

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

PPY

What Is Changing

Drivers of PPY'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