SSH

Phát triển Sunshine Homes ·UPCOM ·2026Q1

▼▼ Declining sharply

Margins remain under pressure Net margin −15.86%, −40.76pp YoY

Price

61,000

Latest close

03 Jun 2026

P/E -148.78x

P/B 3.58x

EPS -410

BVPS 17,044

ROE -2.4%

ROA -1.2%

Profit Margin -15.8%

Asset Turnover 0.08x

Equity Mult. 2.01x

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

What Is Changing

On a TTM 2026Q1 basis, SSH posted a very sharp profit drop versus the same period, showing that pressure has clearly fed through to the bottom line — margins have been compressing consistently over multiple periods. More notably, profit relies heavily on non-core sources while operating cash flow is negative — these two factors together suggest earnings quality needs cautious evaluation.

	                            
	                                TTM REVENUE
	                            
	                                    VND 975bn
	                                
−66.3%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    −VND 155bn
	                                
−121.4%YoY

	                            
	                                Net financial result / PBT
	                            
	                                    168.2%
	                                
affects earnings quality

Metric	2025	2024	2023	2022	2021
Revenue	597.1	2,933.9	2,901.2	858.3	1,352.7
Growth	-80%	+1%	+238%	-37%	—
Net Income	-411.8	817.1	1,299.5	329.3	322.7
Net Margin	-68.97%	27.85%	44.79%	38.36%	23.86%

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	562.7	52.6	221.5	138.1	186.9	2,020.4	64.9	624.0	224.5	312.8	1,075.0	1,005.0
Growth	+970%	-76%	+60%	-26%	-91%	+3014%	-90%	+178%	-28%	-71%	+7%	—
Net Income	283.9	-127.3	-56.2	-255.1	2.7	475.4	7.8	235.3	118.5	39.5	537.1	453.9
Net Margin	50.46%	-241.94%	-25.37%	-184.69%	1.47%	23.53%	12.01%	37.70%	52.78%	12.63%	49.97%	45.17%

Drivers of SSH's profit

TTM

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

Selling expenses ↓ 175.0bn

Financial income ↑ 114.1bn

Gross profit ↓ 716.0bn

Associates income ↓ 318.6bn

Finance costs ↑ 174.8bn

TTM

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

Gross profit ↑ 317.2bn

Tax ↑ 66.5bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 11.6% = 24.9% × 0.21 × 2.21

2026Q1 -2.4% = -15.9% × 0.08 × 2.01

ROE fell from 11.6% to -2.4% — all three components weakened, with net margin being the main drag.

Net margin: -15.9% -40.8pp Asset turnover: 0.08x -0.14x Leverage: 2.01x -0.20x

Is the profit sustainable?

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

very positive positive stable watch under pressure

What is driving the margin?

Net margin fell to -15.86%, losing 40.8pp. The main pressure is SG&A / Revenue rose 7.7pp, outweighing the improvement in Gross margin rose 15.5pp (with lingering pressure from Net financial result / Revenue fell 6.9pp and Other profit / Revenue fell 4.0pp).

The pressure comes from core operations — this is a concerning type of decline, not a one-off movement.

Profitability trend

Net Margin -15.86% −40.8pp

Gross Margin 60.65% +15.5pp

SG&A / Revenue 19.92% +7.7pp

Non-core / Revenue -11.93% −10.9pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Financial result share remains high

Even though contribution decreased by 10.9pp, financial result still accounts for 277.0% of PBT — earnings durability should be monitored in coming periods.

Is capital being used efficiently?

Capital efficiency for residential developers should be read alongside project cycles and handover timing — ROIC of -0.1% fluctuates with handover cycles.

Is capital being deployed efficiently?

ROIC fell to -0.06%, losing 7.6pp. That translates to -0.06 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin narrowed 26.1pp and capital turnover fell 0.20x, with invested capital holding roughly steady — pressure came from both operational efficiency and asset efficiency.

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

CAPITAL EFFICIENCY TREND

ROIC -0.06% −7.6pp

NOPAT Margin -0.65% −26.1pp

Capital Turnover 0.10x −0.20x

Average Invested Capital 9,916.7bn +131.9bn

Balance Sheet

ROIC for residential developers swings with project cycles and handover timing — the balance sheet below adds perspective. Capital structure is notably light for the real estate sector — liabilities at 0.99x equity, net debt at 0.45x equity.

Over the last 12 months, working capital absorbed 1,008.3bn of cash, mainly because of lower payables. Part of that drag was offset by lower receivables and lower inventories.

Working Capital Drivers

Receivables decreased → higher CFO: +162.2bn

Inventories decreased → higher CFO: +618.6bn

Payables decreased → lower CFO: −1,789.1bn

Is financial risk significant?

Check leverage, liquidity, and cash-flow conversion.

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 0.45x and interest coverage only at 0.01x.

At present, short-term debt accounts for 37.8% of total debt, cash equals 9.0% of debt, and total debt stands at 3,180.7bn.

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

Watchpoints

Interest coverage is thin

Interest coverage is 0.01x, leaving limited room to absorb financing costs.

Cash buffer is thin relative to debt

Cash / debt stands at 9.0%, leaving limited liquidity buffer to monitor.

Leverage and liquidity trend

Net Debt / Equity 0.45x −0.16x

Interest Coverage 0.01x −2.32x

Cash / Debt 9.0% +4.0pp

Short-term Debt / Total Debt 37.8% +4.8pp

CFO / NI -0.68x +1.16x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

Operating cash flow reached -1,057.4bn in 2025, against investing cash flow of 1,065.8bn.

Post-investment cash flow was positive +8.4bn. Financing cash flow was positive +196.2bn.

CFO / net income was -0.68x.

Track how much investment can be funded internally from operating cash flow.

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

Cash Conversion

CFO TTM 105.0bn +1,416.1bn

Cash Capex — —

FCF TTM — —

Investment Takeaway

The business is under real pressure, but the current picture has not turned broadly adverse. A notable area has clearly weakened, making the near-term outlook hard to call bright; even so, other parts of the business are still holding up, with margins remain under pressure remaining the main constraint, with net margin down 40.8 pp. The next watchpoint is the earnings mix, when non-core contribution is 168.2%.

Watchpoint: the earnings mix still needs monitoring, with net financial result still accounting for 168.2% of PBT and CFO / net income currently at -0.68x.

Key risk: profitability remains under pressure, with trailing-12M net margin at -15.86% after a 40.8pp decline versus the same period last year.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	597.1	2,933.9	2,901.2	858.4	1,352.7
Revenue Deductions	—	0.0	0.0	0.1	0.0
Net Revenue	597.1	2,933.9	2,901.2	858.3	1,352.7
Cost of Goods Sold	324.2	1,574.4	1,099.1	617.6	0.0
Gross Profit	272.9	1,359.5	1,802.1	240.7	517.3
Financial Income	486.4	429.6	957.7	1,538.2	921.8
Financial Expenses	561.6	403.7	742.2	1,018.9	-808.8
Interest Expense	506.6	338.1	533.0	732.0	-771.0
Share of Associates and Joint Ventures	-321.8	-6.7	2.3	5.1	3.8
Selling Expenses	41.3	209.3	256.4	83.7	-107.5
General and Administrative Expenses	154.2	138.1	133.4	149.9	-104.1
Operating Profit	-319.6	1,031.4	1,630.2	531.4	422.5
Other Income	6.3	34.4	28.7	3.0	0.0
Other Expenses	33.5	36.6	32.0	95.2	0.0
Other Profit	-27.1	-2.2	-3.3	-92.2	-16.6
Profit Before Tax	-346.8	1,029.2	1,626.9	439.2	405.9
Current Income Tax Expense	43.9	212.3	330.4	106.8	-83.2
Deferred Income Tax Expense	21.1	-0.2	-3.0	3.2	0.0
Net Income	-411.8	817.1	1,299.5	329.3	322.7
Non-controlling Interest	-12.5	12.7	138.3	18.4	24.4
Profit Attributable to Parent	-399.3	804.4	1,161.2	310.8	298.3
Earnings per Share	-1,065.00	2,145.00	3,097.00	848.00	1,193.00
Diluted EPS	-1,064.76	2,144.94	3,096.63	828.87	1,193.23

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	7,938.1	8,633.5	6,323.3	7,866.5	4,743.3
I. Cash and cash equivalents	692.6	488.0	106.8	155.1	168.6
1. Cash	692.6	488.0	106.8	125.1	0.0
2. Cash equivalents	—	0.0	0.0	30.0	0.0
II. Short-term financial investments	7.7	7.4	7.0	6.6	0.0
1. Available for sale securities	—	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0	0.0
3. Held to maturity investments	7.7	7.4	7.0	6.6	0.0
III. Short-term receivables	6,707.8	7,177.8	5,274.7	5,778.3	3,385.1
1. Short-term trade accounts receivable	269.8	328.7	287.3	259.0	0.0
2. Short-term prepayments to suppliers	22.8	420.3	227.7	84.8	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	4,032.3	2,295.2	2,467.2	3,386.6	0.0
6. Other short-term receivables	2,390.4	4,141.1	2,303.2	2,052.8	0.0
7. Provision for short-term doubtful debts (*)	-7.5	-7.5	-10.7	-5.0	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	447.8	858.9	888.6	1,820.3	1,146.4
1. Inventories	447.8	858.9	888.6	1,820.3	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	82.1	101.4	46.1	106.1	43.1
1. Short-term prepayments	14.9	49.9	37.9	55.2	0.0
2. Value added tax to be reclaimed	66.8	50.2	4.8	30.6	0.0
3. Taxes and other receivables from state authorities	0.4	1.3	3.5	20.3	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)	4,201.2	5,761.3	6,877.5	11,460.5	5,009.9
I. Long-term receivables	1,339.6	2,273.5	3,711.4	3,722.7	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	3,730.0
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	1,339.6	2,200.0	3,300.0	3,322.7	0.0
6. Other long-term receivables	—	73.5	411.4	400.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	186.9	85.8	77.7	530.2	472.7
1. Tangible fixed assets	166.8	60.5	51.1	519.5	461.8
- Cost	254.2	135.9	119.0	608.9	0.0
- Accumulated depreciation	-87.4	-75.4	-67.9	-89.4	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	20.1	25.2	26.6	10.7	10.9
- Cost	33.4	33.4	29.7	12.7	0.0
- Accumulated depreciation	-13.4	-8.2	-3.0	-2.0	0.0
III. Investment properties	787.7	712.8	625.2	166.2	85.3
- Cost	1,338.2	1,287.2	1,172.1	665.0	0.0
- Accumulated depreciation	-550.4	-574.4	-546.9	-498.8	0.0
IV. Long-term assets in progress	128.0	285.5	180.5	215.8	158.3
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	128.0	285.5	180.5	215.8	0.0
V. Long-term financial investments	1,687.8	2,403.3	2,282.5	6,809.3	563.6
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	1,297.8	443.1	1,892.5	2,805.3	0.0
3. Investments in other entities	390.0	1,960.1	390.0	4.0	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	4,000.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	71.1	0.5	0.1	16.3	0.0
1. Long-term prepayments	71.1	0.5	0.1	16.3	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	0.0
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)	12,139.2	14,394.9	13,200.8	19,326.9	9,753.2
A. LIABILITIES (300=210+330)	6,031.5	7,875.3	7,360.4	14,056.3	7,161.8
I. Short -term liabilities	3,719.9	4,533.1	3,360.6	5,086.7	3,712.6
1. Short-term trade accounts payable	72.1	485.0	326.2	732.6	482.7
2. Short-term advances from customers	5.5	247.8	754.1	1,519.8	1,379.3
3. Taxes and other payables to state authorities	162.4	236.0	338.2	166.9	0.0
4. Payable to employees	15.8	13.8	12.0	10.3	0.0
5. Short-term acrrued expenses	440.8	807.1	743.9	795.5	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	5.1	5.9	2.3	18.9	15.8
9. Other short-term payables	873.1	1,297.4	960.8	1,421.2	0.0
10. Short-term borrowings and financial leases	2,144.5	1,437.6	223.3	421.5	563.8
11. Provision for short-term liabilities	0.7	2.4	0.0	0.0	0.0
12.. Bonus and welfare fund	—	0.0	0.0	0.0	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	2,311.6	3,342.2	3,999.8	8,969.6	3,449.3
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	135.9	138.5	19.2	21.5	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	173.6	178.7	2.4	4.6	8.7
7. Other long-term liabilities	0.1	534.0	762.6	1,011.3	0.0
8. Long-term borrowings and financial leases	1,978.7	2,488.7	3,210.6	7,924.8	3,425.6
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	21.1	0.0	0.2	3.2	0.0
12. Provision for long-term liabilities	2.2	2.3	4.9	4.3	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)	6,107.8	6,519.6	5,840.4	5,270.7	2,591.3
I. Owner's equity	6,107.8	6,519.6	5,840.4	5,270.7	0.0
1. Owner's capital	3,750.0	3,750.0	3,750.0	3,750.0	2,591.3
- Common stock with voting right	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	2,500,000,000,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	-0.3	-0.3	-0.3	-0.3	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	—	0.0	0.0	0.0	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	-955.7	-955.7	-829.4	-849.1	0.0
11. Undistributed earnings after tax	2,740.9	3,140.2	2,335.9	1,174.6	863.8
- Accumulated retained earning at the end of the previous period	3,140.2	2,335.9	1,174.6	863.8	624.3
- Undistributed earnings in this period	-399.3	804.4	1,161.2	310.8	239.5
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	572.8	585.3	584.3	1,195.4	19.5
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)	12,139.2	14,394.9	13,200.8	19,326.9	9,753.2

Item	2025	2024	2023	2022	2021
Profit Before Tax	-346.8	1,029.2	1,626.9	439.2	405.9
Depreciation of Fixed Assets and Investment Property	37.8	39.4	29.5	29.0	52.8
Provision (Increase)/Reversal	-1.9	-3.4	6.3	5.3	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-164.6	-422.9	-907.6	-1,607.4	0.0
Interest Expense	506.6	338.1	533.0	732.0	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	31.3	980.4	1,288.2	-401.9	183.3
Increase/(Decrease) in Receivables	349.3	2,915.4	-1,473.3	-121.3	0.0
Increase/(Decrease) in Inventory	563.0	1,095.7	975.5	215.5	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-1,868.8	-2,880.0	-1,823.1	-72.1	0.0
Increase/(Decrease) in Prepaid Expenses	35.2	-12.5	31.7	-34.9	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-547.9	-396.4	-418.7	-864.4	0.0
Corporate Income Tax Paid	-118.2	-290.7	-102.2	-75.9	0.0
Other Operating Receipts	1,187.9	0.0	0.0	0.0	0.0
Other Operating Payments	-689.1	-3,027.8	0.0	0.0	0.0
Net Cash Flow from Operating Activities	-1,057.4	-1,615.8	-1,521.9	-1,355.0	899.7
Payments for Fixed Assets and Other Long-term Assets	-193.0	-47.7	-26.3	-455.6	-32.1
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	13.6	0.0	0.0
Loans and Purchases of Debt Instruments	-4,707.4	-309.4	-673.4	-1,091.4	-3,425.0
Receipts from Loan Repayments and Sale of Debt Instruments	4,090.7	1,898.9	1,077.9	808.2	2,300.6
Investments in Other Entities	-300.0	-669.5	-390.0	-1,424.0	-267.0
Proceeds from Investments in Other Entities	1,495.0	0.0	1,567.1	736.4	0.0
Dividends and Interest Income Received	680.4	617.6	411.3	1,573.8	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	—	15.8	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	1,065.8	1,505.7	1,980.2	147.5	-430.3
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	1,249,679,490,909.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	332.1	700.0	7.4	1,316.0	3,914.5
Repayment of Borrowings	-135.8	-208.7	-513.9	-1,371.7	-4,287.7
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	0.0	0.0	0.0
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	196.2	491.3	-506.5	1,194.0	-373.2
Net Cash Flow During the Period	204.6	381.2	-48.3	-13.5	93.2
Cash and Cash Equivalents at Beginning of Period	488.0	106.8	155.1	168.6	72.4
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	692.6	488.0	106.8	155.1	168.6

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	562.7	52.6	221.5	138.1	186.9	2,020.4	64.9	624.0	224.5	312.8	1,075.0	1,005.0
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	562.7	52.6	221.5	138.1	186.9	2,020.4	64.9	624.0	224.5	312.8	1,075.0	1,005.0
Cost of Goods Sold	161.7	22.2	61.0	138.6	103.2	1,219.8	23.3	242.5	67.5	144.1	355.1	368.1
Gross Profit	400.9	30.4	160.5	-0.5	83.7	800.6	41.5	381.5	156.9	168.7	719.9	636.9
Financial Income	131.4	119.9	129.3	127.4	109.8	92.7	91.7	99.7	145.5	99.9	229.0	216.6
Financial Expenses	125.3	139.6	146.6	167.1	121.6	102.7	78.2	101.4	121.3	101.6	162.4	149.8
Interest Expense	111.2	123.6	133.8	156.7	111.8	90.0	75.0	76.2	96.2	49.2	0.0	110.0
Share of Associates and Joint Ventures	18.8	-67.2	-113.7	-160.7	0.1	-1.8	2.8	-5.2	4.8	-1.1	-0.2	-1.3
Selling Expenses	2.4	3.3	17.8	4.7	13.2	139.1	7.2	43.7	19.3	82.3	81.5	84.9
General and Administrative Expenses	56.9	46.9	34.5	27.8	42.3	49.1	29.3	29.1	30.1	38.8	27.7	40.7
Operating Profit	366.5	-106.7	-22.7	-233.4	16.6	600.6	21.4	301.7	136.5	44.8	677.1	576.9
Other Income	0.1	2.5	0.5	1.6	0.7	8.3	0.1	4.5	20.4	13.0	6.1	2.1
Other Expenses	5.5	25.2	8.5	11.3	3.1	9.3	10.2	11.4	5.7	5.6	10.4	8.8
Other Profit	-5.4	-22.6	-8.0	-9.7	-2.4	-1.0	-10.0	-6.8	14.7	7.3	-4.2	-6.8
Profit Before Tax	361.1	-129.4	-30.7	-243.1	14.2	599.6	11.3	294.9	151.2	52.1	672.8	570.1
Current Income Tax Expense	78.0	-2.1	25.5	12.0	11.5	124.2	3.5	59.6	32.9	12.4	135.7	116.2
Deferred Income Tax Expense	-0.8	—	—	—	—	0.0	0.0	0.0	-0.2	0.2	0.0	0.0
Net Income	283.9	-127.3	-56.2	-255.1	2.7	475.4	7.8	235.3	118.5	39.5	537.1	453.9
Non-controlling Interest	7.8	-2.2	-2.0	-4.7	-4.6	0.9	-2.8	17.9	0.3	2.6	26.6	21.1
Profit Attributable to Parent	276.1	-125.0	-54.2	-250.4	7.3	474.4	10.6	217.4	118.2	36.9	510.5	432.8
Earnings per Share	736.00	-333.00	-145.00	-668.00	19.00	1,265.00	28.00	580.00	315.00	98.00	1,361.00	1,154.00
Diluted EPS	736.28	-333.44	-144.58	-667.76	19.49	1,265.15	28.34	579.60	315.15	98.40	1,361.29	1,154.16

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)	7,314.6	8,162.9	8,038.3	8,369.2	7,433.7	8,784.1	6,425.3	6,561.3	6,160.0	6,322.7	5,969.7	6,485.1
I. Cash and cash equivalents	287.7	692.6	242.8	135.5	214.5	488.0	91.2	389.3	169.3	106.8	160.2	186.8
1. Cash	287.7	692.6	242.8	135.5	214.5	488.0	79.2	367.3	169.3	106.8	160.2	186.8
2. Cash equivalents	—	—	—	—	—	0.0	12.0	22.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	4,664.1	7.7	7.7	7.6	7.5	7.4	7.4	7.2	7.2	6.9	6.9	6.8
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	4,664.1	7.7	7.7	7.6	7.5	7.4	7.4	7.2	7.2	6.9	6.9	6.8
III. Short-term receivables	2,016.5	6,947.5	7,263.5	7,430.5	6,297.8	7,181.5	5,675.4	5,497.1	5,088.5	5,274.2	4,740.2	4,881.5
1. Short-term trade accounts receivable	275.9	269.8	291.5	307.8	338.9	332.7	280.0	289.3	288.1	287.3	281.7	277.4
2. Short-term prepayments to suppliers	22.7	22.8	19.6	19.9	19.8	420.3	123.1	226.8	227.5	227.7	227.6	202.8
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	—	4,271.9	3,874.9	4,095.2	2,846.5	2,295.2	2,273.7	2,320.6	1,960.1	2,467.2	1,646.1	1,974.3
6. Other short-term receivables	1,725.3	2,390.7	3,085.3	3,015.0	3,100.1	4,140.8	3,006.1	2,669.9	2,623.7	2,302.8	2,594.2	2,436.3
7. Provision for short-term doubtful debts (*)	-7.5	-7.8	-7.8	-7.5	-7.5	-7.5	-7.5	-9.5	-10.7	-10.7	-9.4	-9.2
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	300.2	447.8	446.1	695.1	766.9	1,007.1	635.9	650.4	864.5	888.6	1,010.6	1,339.8
1. Inventories	300.2	447.8	446.1	695.1	766.9	1,007.1	635.9	650.4	864.5	888.6	1,010.6	1,342.4
2. Provision for decline in value of inventories	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	-2.6
V. Other short-term assets	46.1	67.3	78.2	100.6	146.9	100.2	15.4	17.2	30.5	46.1	51.7	70.2
1. Short-term prepayments	10.8	0.3	11.7	32.9	73.9	49.9	6.7	13.4	25.6	37.9	49.2	67.6
2. Value added tax to be reclaimed	34.9	66.8	65.9	66.6	71.7	48.6	7.6	2.3	2.1	4.8	0.0	0.0
3. Taxes and other receivables from state authorities	0.4	0.2	0.6	1.1	1.3	1.7	1.1	1.6	2.8	3.5	2.5	2.6
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)	4,202.9	3,942.6	5,521.7	5,409.1	7,003.6	5,619.3	5,882.4	5,887.7	6,926.6	6,876.7	7,286.7	6,986.5
I. Long-term receivables	0.0	1,100.0	1,100.0	1,100.0	2,300.0	2,273.7	2,611.4	2,611.4	3,711.4	3,711.4	4,580.1	4,668.0
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	—	1,100.0	1,100.0	1,100.0	2,300.0	2,200.0	2,200.0	2,200.0	3,300.0	3,300.0	4,297.2	4,413.0
6. Other long-term receivables	0.0	—	—	—	—	73.7	411.4	411.4	411.4	411.4	282.9	255.0
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	184.5	186.9	191.4	195.8	184.9	45.5	45.2	48.4	52.1	77.7	501.1	504.2
1. Tangible fixed assets	164.6	166.8	170.0	173.2	160.9	20.3	21.9	23.9	26.1	51.1	491.1	494.0
- Cost	254.2	—	—	—	—	93.8	93.2	93.1	93.1	119.0	596.5	593.6
- Accumulated depreciation	-89.6	—	—	—	—	-73.5	-71.3	-69.1	-66.9	-67.9	-105.4	-99.7
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	19.9	20.1	21.4	22.7	24.0	25.2	23.3	24.4	25.9	26.6	9.9	10.2
- Cost	34.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-14.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	782.7	788.4	793.3	561.5	707.5	718.5	642.5	647.4	651.9	625.2	163.0	164.1
- Cost	1,338.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-555.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	128.0	128.0	127.9	127.9	208.0	170.5	170.8	170.8	173.9	180.5	209.5	206.8
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	128.0	128.0	127.9	127.9	208.0	170.5	170.8	170.8	173.9	180.5	209.5	206.8
V. Long-term financial investments	3,046.2	1,668.2	3,228.1	3,341.7	3,502.3	2,410.5	2,412.4	2,409.6	2,337.3	2,281.7	1,832.8	1,443.1
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	1,316.6	1,278.2	1,345.4	1,459.0	1,619.7	450.4	452.2	449.4	1,947.3	1,891.7	1,442.8	1,443.1
3. Investments in other entities	390.0	390.0	1,882.7	1,882.7	1,882.7	1,960.1	1,960.1	1,960.1	390.0	390.0	390.0	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	1,339.6	—	—	—	—	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	61.6	71.1	80.9	82.2	100.9	0.5	0.2	0.1	0.1	0.1	0.3	0.4
1. Long-term prepayments	61.6	71.1	80.9	82.2	100.9	0.5	0.2	0.1	0.1	0.1	0.3	0.4
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)	11,517.5	12,105.5	13,560.0	13,778.3	14,437.3	14,403.3	12,307.8	12,448.9	13,086.6	13,199.4	13,256.4	13,471.7
A. LIABILITIES (300=210+330)	5,125.8	6,009.4	7,336.6	7,511.1	7,915.0	7,841.5	6,105.8	6,254.8	7,127.7	7,357.4	7,453.9	8,206.3
I. Short -term liabilities	2,816.2	3,330.7	4,992.1	4,585.4	4,366.6	5,147.8	3,193.1	3,340.9	3,113.6	3,354.5	4,248.6	4,887.7
1. Short-term trade accounts payable	103.8	70.5	694.8	703.5	715.7	485.0	70.3	126.3	337.7	326.3	246.4	243.5
2. Short-term advances from customers	5.5	5.5	46.7	220.1	139.4	251.9	302.5	362.8	773.8	754.1	918.9	1,436.1
3. Taxes and other payables to state authorities	194.0	161.5	234.4	250.9	231.9	244.0	203.7	268.0	359.2	334.4	432.2	359.5
4. Payable to employees	5.6	15.1	7.2	8.4	7.9	14.4	6.8	6.8	6.6	10.8	7.3	7.6
5. Short-term acrrued expenses	399.8	443.9	343.6	240.9	565.2	882.0	607.7	556.1	710.3	742.6	636.4	537.2
6. Short-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	5.0	5.1	5.2	3.0	4.3	1.3	1.1	1.4	1.9	2.3	3.1	5.0
9. Other short-term payables	899.9	484.0	1,180.2	678.6	1,299.3	1,831.4	901.1	919.9	918.6	960.8	1,004.7	1,299.2
10. Short-term borrowings and financial leases	1,202.0	2,144.5	2,478.1	2,477.9	1,400.6	1,437.6	1,099.7	1,099.6	5.6	223.3	999.7	999.5
11. Provision for short-term liabilities	0.6	0.7	2.0	2.1	2.4	0.2	0.2	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	2,309.6	2,678.6	2,344.5	2,925.7	3,548.4	2,693.7	2,912.6	2,913.8	4,014.1	4,003.0	3,205.3	3,318.6
1. Long-term trade payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	135.9	135.6	137.4	137.4	138.5	16.9	17.4	18.4	19.2	19.2	18.9	20.8
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	172.3	173.6	174.8	183.1	178.6	183.3	1.6	1.8	2.1	2.4	2.9	3.0
7. Other long-term liabilities	0.1	388.6	389.1	962.0	388.5	0.0	762.6	762.6	762.6	762.6	747.3	408.6
8. Long-term borrowings and financial leases	1,978.7	1,978.7	1,640.9	1,640.9	2,840.4	2,488.7	2,126.3	2,126.2	3,225.5	3,210.6	2,428.2	2,878.4
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	20.3	—	—	—	—	0.0	0.0	0.0	0.0	3.4	3.2	3.2
12. Provision for long-term liabilities	2.3	2.1	2.3	2.2	2.4	4.7	4.7	4.8	4.8	4.9	4.8	4.6
13. Fund for technology development	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	6,391.7	6,096.1	6,223.4	6,267.2	6,522.3	6,561.8	6,202.0	6,194.2	5,958.9	5,842.0	5,802.5	5,265.4
I. Owner's equity	6,391.7	6,096.1	6,223.4	6,267.2	6,522.3	6,561.8	6,202.0	6,194.2	5,958.9	5,842.0	5,802.5	5,265.4
1. Owner's capital	3,750.0	3,750.0	3,750.0	3,750.0	3,750.0	3,750.0	3,750.0	3,750.0	3,750.0	3,750.0	3,750.0	3,750.0
- Common stock with voting right	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00	3,750,000,000,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	-0.3	-0.3	-0.3	-0.3	-0.3	-0.3	-0.3	-0.3	-0.3	-0.3	-0.3	-0.3
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	-955.7	-955.7	-955.7	-955.7	-955.7	-933.4	-829.4	-829.4	-829.4	-829.4	-829.4	-829.4
11. Undistributed earnings after tax	3,017.0	2,729.5	2,854.5	2,897.1	3,147.5	3,141.0	2,682.0	2,671.4	2,454.0	2,343.7	2,306.8	1,796.4
- Accumulated retained earning at the end of the previous period	2,740.9	3,140.2	3,140.2	3,140.2	3,140.2	2,320.4	2,335.9	2,335.9	2,335.9	1,174.6	1,174.6	1,174.6
- Undistributed earnings in this period	276.1	-410.7	-285.7	-243.1	7.3	820.6	346.2	335.5	118.2	1,169.1	1,132.2	621.7
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	580.6	572.6	574.9	576.1	580.8	604.6	599.7	602.5	584.6	578.0	575.4	548.8
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)	11,517.5	12,105.5	13,560.0	13,778.3	14,437.3	14,403.3	12,307.8	12,448.9	13,086.6	13,199.4	13,256.4	13,471.7

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	361.1	-98.4	-30.7	-231.9	14.2	599.6	11.3	294.9	151.2	50.3	672.8	570.1
Depreciation of Fixed Assets and Investment Property	8.2	10.1	10.4	8.2	9.2	8.8	8.2	8.6	7.8	7.7	7.1	7.3
Provision (Increase)/Reversal	0.1	-1.7	-0.1	-0.1	0.0	0.1	-2.0	-1.2	-0.1	1.3	-2.2	7.3
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	-150.2	-72.2	-17.1	34.6	-109.9	-92.6	-94.0	-91.3	-150.3	-93.3	-228.8	-216.0
Interest Expense	111.2	120.4	133.8	140.7	111.8	89.0	75.0	76.8	96.2	81.5	126.8	112.5
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	330.4	-41.8	96.3	-48.4	25.3	604.8	-1.4	287.8	104.8	47.4	575.7	481.2
Increase/(Decrease) in Receivables	77.2	390.0	-379.8	74.7	264.3	1,035.9	133.6	2,067.6	-319.5	-203.0	-23.9	-662.7
Increase/(Decrease) in Inventory	147.6	150.2	65.1	255.7	92.1	756.6	14.5	214.1	24.1	156.2	331.8	305.2
Increase/(Decrease) in Payables (Excl. Interest and CIT)	55.5	-1,625.3	197.5	-416.8	-24.2	-2,189.0	-147.1	-574.4	-47.6	-202.0	-465.2	-278.8
Increase/(Decrease) in Prepaid Expenses	13.7	77.4	-76.8	159.0	-124.3	105.2	6.4	14.1	10.5	29.7	0.3	20.2
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-118.2	-33.9	-11.6	-258.3	-244.0	-1.0	0.0	-295.5	-96.2	-22.6	-29.0	-250.1
Corporate Income Tax Paid	-57.7	-57.2	-43.2	-4.2	-13.6	-78.1	-63.6	-148.9	0.0	-24.5	-49.6	-28.1
Other Operating Receipts	689.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	—	-689.1	—	—	—	-343.3	-240.0	-2,444.6	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	1,137.7	-641.9	-152.4	-238.4	-24.7	-108.9	-297.6	-880.0	-323.8	-218.7	340.2	-413.2
Payments for Fixed Assets and Other Long-term Assets	—	-191.3	0.0	-0.4	-1.2	-0.7	-0.5	-15.4	0.0	-12.3	-2.7	-11.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	13.6
Loans and Purchases of Debt Instruments	-1,919.2	-2,374.8	-842.5	-389.9	-1,100.1	0.0	0.0	-47.3	-262.1	-55.7	-88.0	1,055.7
Receipts from Loan Repayments and Sale of Debt Instruments	1,295.2	1,977.8	1,062.9	341.2	708.9	343.0	0.0	786.8	769.2	232.3	532.0	-984.0
Investments in Other Entities	—	—	—	—	—	-542.0	0.0	-77.5	-50.0	0.0	-390.0	0.0
Proceeds from Investments in Other Entities	—	1,495.0	—	—	—	0.0	0.0	-1.4	1.4	0.0	0.0	-0.0
Dividends and Interest Income Received	24.0	181.0	39.3	330.9	129.2	5.5	0.0	445.8	145.5	-4.6	32.5	273.5
Increase/(Decrease) in Term Deposits	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-600.0	1,087.6	259.7	281.7	-563.3	-194.3	-0.5	1,091.0	604.0	159.7	83.8	347.6
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Repurchases	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	2.0	17.6	0.0	0.0	314.5	700.0	0.0	0.0	0.0	5.6	0.0	1.4
Repayment of Borrowings	-944.6	-13.5	0.0	-122.3	—	0.0	0.0	9.0	-217.7	0.0	-450.5	-60.1
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	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	-942.6	4.0	0.0	-122.3	314.5	700.0	0.0	9.0	-217.7	5.6	-450.5	-58.7
Net Cash Flow During the Period	-404.9	449.8	107.3	-79.1	-273.4	396.8	-298.1	220.0	62.5	-53.4	-26.6	-124.3
Cash and Cash Equivalents at Beginning of Period	692.6	242.8	135.5	214.5	488.0	106.8	106.8	106.8	106.8	155.1	155.1	155.1
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	287.7	692.6	242.8	135.5	214.5	488.0	91.2	389.3	169.3	106.8	160.2	186.8

Explore Other Stocks In The Same Sector

VIC, KSF, NVL, TCH, TAL, DIG, IJC, DXG, TDC, BCR, D2D, SZG, TIP, CEO, QCG, VC3, CKG, CSC, NHA, SCR, ITC, PHH, XDH, LSG, HAR, D11, HD6, PLA, DTI, AAV, VHD, KPF

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

SSH