TVT

Tổng Công ty Việt Thắng - CTCP ·HOSE ·2026Q1

▲ Showing improvement

Earnings conversion is confirmed CFO/NPAT 6.44x

Price

16,000

Latest close

03 Jun 2026

P/E 7.88x

P/B 0.57x

EPS 2,030

BVPS 28,021

ROE 7.6%

ROA 3.4%

Profit Margin 2.7%

Asset Turnover 1.24x

Equity Mult. 2.22x

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

What Is Changing

On a TTM 2026Q1 basis, TVT is still improving profit despite revenue not recovering, suggesting cost efficiency or the earnings mix is aiding current results — earnings have been recovering gradually over multiple periods. What is still missing is enough revenue momentum to make this profit level more durable.

	                            
	                                TTM REVENUE
	                            
	                                    VND 1,605bn
	                                
−3.2%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 41bn
	                                
+51.7%YoY

Metric	2025	2024	2023	2022	2021
Revenue	1,603.4	1,707.3	1,681.9	1,956.8	1,475.8
Growth	-6%	+2%	-14%	+33%	—
Net Income	36.5	21.8	12.7	55.2	86.4
Net Margin	2.28%	1.28%	0.75%	2.82%	5.85%

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	372.4	412.3	406.3	414.4	370.4	450.7	480.4	357.0	419.2	388.3	511.5	399.4
Growth	-10%	+1%	-2%	+12%	-18%	-6%	+35%	-15%	+8%	-24%	+28%	—
Net Income	10.9	5.4	12.8	12.1	6.3	12.8	6.4	1.7	1.2	6.3	2.6	1.0
Net Margin	2.93%	1.31%	3.16%	2.91%	1.69%	2.84%	1.33%	0.48%	0.28%	1.61%	0.50%	0.26%

Drivers of TVT's profit

TTM

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

Gross profit ↑ 13.2bn

Finance costs ↓ 8.7bn

Other profit ↑ 4.0bn

Financial income ↑ 2.9bn

Administrative expenses ↑ 8.7bn

Tax ↑ 5.2bn

TTM

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

Gross profit ↑ 3.9bn

Financial income ↑ 1.3bn

Other profit ↑ 0.5bn

Selling expenses ↓ 0.5bn

Minority interests ↑ 1.1bn

Finance costs ↑ 1.0bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 4.7% = 1.6% × 1.26 × 2.29

2026Q1 7.1% = 2.6% × 1.24 × 2.22

ROE rose from 4.7% to 7.1% — mainly driven by net margin, despite asset turnover and leverage moving in the opposite direction.

Net margin: 2.6% +0.9pp Asset turnover: 1.24x -0.02x Leverage: 2.22x -0.06x

Is the profit sustainable?

Margins are improving and earnings quality is solid — a durable foundation for ROE.

very positive positive stable watch under pressure

What is driving the margin?

Net margin edged up to 2.57%, rising 0.9pp. Core operating signals are improving as Gross margin rose 1.2pp are enough to offset pressure from SG&A / Revenue rose 0.7pp (with additional support from Net financial result / Revenue rose 0.7pp and Other profit / Revenue rose 0.3pp).

Most of the margin increase comes from non-core items — core operations have not kept pace, this is a margin expansion to watch carefully.

Profitability trend

Net Margin 2.57% +0.9pp

Gross Margin 14.21% +1.2pp

SG&A / Revenue 9.70% +0.7pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Capital is being used more efficiently — ROIC rose and cash cycle shortened to 134.4 days.

Is capital being deployed efficiently?

ROIC expanded to 4.68%, rising 1.8pp. That translates to 4.68 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin rose 0.7pp and capital turnover rose 0.26x, while invested capital contracted by 149bn — 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 4.68% — below the typical cost-of-capital threshold; worth tracking whether upcoming periods can rise above this level.

CAPITAL EFFICIENCY TREND

ROIC 4.68% +1.8pp

NOPAT Margin 2.33% +0.7pp

Capital Turnover 2.01x +0.26x

Average Invested Capital 799.8bn −148.5bn

Balance Sheet

ROIC is improving — the asset structure below shows how capital is being allocated. Capital structure is conservative with low leverage — liabilities at 1.26x equity, net debt at 0.16x equity.

Inventory ended the period at 368.5bn, roughly 28.2% of total assets.

Over the last 12 months, working capital released 165.9bn of cash, mainly thanks to lower receivables and lower inventories. Pressure from lower payables only partly offset that benefit.

Working Capital Drivers

Receivables decreased → higher CFO: +11.8bn

Inventories decreased → higher CFO: +157.8bn

Payables decreased → lower CFO: −3.7bn

Working Capital Efficiency

Working capital is being managed more efficiently, supporting overall capital efficiency. Cash conversion cycle improved by 7.9 days versus the same period last year. The main moves came from DIO fell 13.0 days, DSO rose 3.7 days, and DPO fell 1.4 days.

Improvement comes mainly from faster inventory turnover — watch whether this trend persists in coming periods.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 134.4 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Receivables collection is slowing

DSO increased by +3.7 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 46.9 days +3.7 days

Inventory 107.8 days −13.0 days

Payables 20.3 days −1.4 days

Cash Conversion Cycle 134.4 days −7.9 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 0.16x and interest coverage only at 1.79x.

At present, short-term debt accounts for 97.8% of total debt, cash equals 80.1% of debt, and total debt stands at 475.8bn.

Watchpoints

Interest coverage is thin

Interest coverage is 1.79x, leaving limited room to absorb financing costs.

Short-term refinancing pressure is meaningful

Short-term debt accounts for 97.8% of total debt, raising near-term refinancing needs.

Leverage and liquidity trend

Net Debt / Equity 0.16x −0.44x

Interest Coverage 1.79x +0.80x

Cash / Debt 80.1% +46.6pp

Short-term Debt / Total Debt 97.8% +2.2pp

CFO / NI 6.44x +5.61x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 205.0bn in 2025, against investing cash flow of -15.9bn.

Post-investment cash flow was positive +189.2bn. Financing cash flow was negative +54.4bn.

CFO / net income was 6.44x.

After spending +14.2bn on fixed-asset investment, the business generated trailing free cash flow of +268.6bn.

Cash Conversion

CFO TTM 282.9bn +258.2bn

Cash Capex 14.2bn −2.2bn

FCF TTM +268.6bn +260.4bn

Investment Takeaway

The business is heading the right way, but the current picture is still at partial confirmation — not yet a fully clean case. The positive points have clearly improved, showing the operating base is better than before. The brighter spot is earnings conversion is confirmed, with CFO/NI at 6.44x. The main risk still sits in capital efficiency remains weak, with ROIC at 4.7%.

Improvement: earnings conversion looks more confirmed, with CFO / net income at 6.44x.

Key risk: Capital efficiency remains weak.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	1,604.4	1,708.1	1,683.5	1,960.2	1,478.2
Revenue Deductions	1.0	0.8	1.6	3.4	0.0
Net Revenue	1,603.4	1,707.3	1,681.9	1,956.8	1,475.8
Cost of Goods Sold	1,379.5	1,499.6	1,537.8	1,750.9	0.0
Gross Profit	223.9	207.7	144.2	205.9	227.9
Financial Income	8.5	7.3	22.5	31.5	27.7
Financial Expenses	26.3	39.4	47.9	50.7	-32.7
Interest Expense	23.7	31.8	40.7	37.0	-30.6
Share of Associates and Joint Ventures	-3.6	0.5	0.7	2.5	-6.7
Selling Expenses	19.3	20.4	18.3	18.1	-13.4
General and Administrative Expenses	136.5	125.4	86.2	101.4	-108.2
Operating Profit	46.7	30.3	15.0	69.8	94.7
Other Income	5.7	2.4	3.2	1.7	0.0
Other Expenses	0.3	0.5	0.4	0.6	0.0
Other Profit	5.4	1.9	2.9	1.1	15.8
Profit Before Tax	52.0	32.2	17.9	70.8	110.5
Current Income Tax Expense	15.1	9.3	7.0	14.8	-24.2
Deferred Income Tax Expense	0.4	1.1	-1.8	0.8	0.0
Net Income	36.5	21.8	12.7	55.2	86.4
Non-controlling Interest	-3.7	-2.0	0.6	0.2	3.5
Profit Attributable to Parent	40.2	23.8	12.1	55.0	82.9
Earnings per Share	1,859.00	1,099.00	557.00	2,399.00	2,639.00
Diluted EPS	1,915.78	1,131.35	575.20	2,618.98	3,947.78

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	962.0	924.7	974.3	1,370.4	857.3
I. Cash and cash equivalents	333.1	197.1	156.4	270.1	105.9
1. Cash	303.1	197.1	155.4	265.0	0.0
2. Cash equivalents	30.0	0.0	1.0	5.1	0.0
II. Short-term financial investments	2.0	2.0	109.0	352.5	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	2.0	2.0	109.0	352.5	0.0
III. Short-term receivables	238.8	201.5	198.8	241.8	289.6
1. Short-term trade accounts receivable	228.4	199.2	191.3	228.0	0.0
2. Short-term prepayments to suppliers	16.3	7.7	7.7	5.3	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	0.0	2.0	0.0	0.0
6. Other short-term receivables	3.3	3.9	7.1	17.7	0.0
7. Provision for short-term doubtful debts (*)	-9.3	-9.3	-9.3	-9.3	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	368.5	515.0	486.6	482.4	275.2
1. Inventories	377.0	525.4	495.2	495.0	0.0
2. Provision for decline in value of inventories	-8.5	-10.3	-8.6	-12.6	0.0
V. Other short-term assets	19.6	9.1	23.5	23.6	14.5
1. Short-term prepayments	3.2	1.9	2.9	4.3	0.0
2. Value added tax to be reclaimed	4.4	5.2	15.1	5.4	0.0
3. Taxes and other receivables from state authorities	12.0	2.0	5.4	14.0	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)	344.4	410.8	482.0	442.9	534.0
I. Long-term receivables	0.1	0.1	0.1	0.2	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	19.2
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	0.1	0.1	0.1	0.2	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	283.6	325.6	368.5	358.6	434.3
1. Tangible fixed assets	278.9	325.3	368.0	358.6	434.3
- Cost	1,717.1	1,723.4	1,688.4	1,598.5	0.0
- Accumulated depreciation	-1,438.1	-1,398.1	-1,320.4	-1,239.9	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	4.7	0.3	0.5	0.0	0.0
- Cost	6.5	1.7	1.7	1.1	0.0
- Accumulated depreciation	-1.8	-1.4	-1.3	-1.1	0.0
III. Investment properties	43.1	41.3	40.1	44.5	47.9
- Cost	112.0	105.2	99.3	99.3	0.0
- Accumulated depreciation	-69.0	-63.9	-59.2	-54.9	0.0
IV. Long-term assets in progress	0.3	4.6	38.8	12.1	5.5
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	0.3	4.6	38.8	12.1	0.0
V. Long-term financial investments	9.5	13.1	12.6	11.9	9.4
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	4.9	8.5	8.0	7.3	0.0
3. Investments in other entities	4.6	4.6	4.6	4.6	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	7.8	26.1	21.9	15.5	0.0
1. Long-term prepayments	7.8	25.8	20.5	15.5	0.0
2. Deferred income tax assets	—	0.3	1.5	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	17.6
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)	1,306.3	1,335.5	1,456.3	1,813.3	1,391.2
A. LIABILITIES (300=210+330)	728.7	769.7	880.4	1,191.3	762.5
I. Short -term liabilities	694.8	710.7	776.1	1,135.0	694.6
1. Short-term trade accounts payable	97.5	121.0	139.8	112.0	85.5
2. Short-term advances from customers	20.5	11.9	7.0	12.5	11.3
3. Taxes and other payables to state authorities	4.6	9.1	1.6	6.5	0.0
4. Payable to employees	57.8	34.8	14.7	59.5	0.0
5. Short-term acrrued expenses	3.6	4.2	4.7	0.8	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	14.5	13.1	140.0	182.3	0.0
10. Short-term borrowings and financial leases	491.6	511.9	463.1	751.0	484.9
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	4.9	4.7	5.2	10.4	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	33.9	59.0	104.3	56.2	67.9
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	18.3	31.7	27.2	6.9	0.0
8. Long-term borrowings and financial leases	15.5	27.3	77.1	49.0	62.6
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	0.1	0.0	0.0	0.3	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)	577.6	565.8	575.9	622.0	628.7
I. Owner's equity	577.6	565.8	575.9	622.0	0.0
1. Owner's capital	210.0	210.0	210.0	210.0	628.7
- Common stock with voting right	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	3.1	3.1	3.1	3.1	3.1
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	60.4	59.0	59.0	59.0	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	251.0	235.8	242.4	287.9	291.7
- Accumulated retained earning at the end of the previous period	221.2	220.5	230.4	232.9	208.0
- Undistributed earnings in this period	29.7	15.4	12.1	55.0	83.7
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	53.2	57.9	61.3	62.0	65.0
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)	1,306.3	1,335.5	1,456.3	1,813.3	1,391.2

Item	2025	2024	2023	2022	2021
Profit Before Tax	52.0	32.2	17.9	70.8	111.3
Depreciation of Fixed Assets and Investment Property	64.0	95.4	96.4	102.6	104.6
Provision (Increase)/Reversal	8.8	7.2	-4.0	1.1	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.4	-0.9	2.7	5.0	0.0
Gain/Loss from Investment Activities	-1.2	-2.5	-16.0	-29.0	0.0
Interest Expense	23.9	31.8	40.7	37.0	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	147.1	163.2	137.6	187.6	226.4
Increase/(Decrease) in Receivables	-46.3	17.1	34.0	45.5	0.0
Increase/(Decrease) in Inventory	148.4	-30.2	-0.2	-207.4	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-17.0	-141.3	-57.9	188.2	0.0
Increase/(Decrease) in Prepaid Expenses	16.6	-2.9	-4.9	-1.0	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-23.8	-31.8	-40.8	-36.7	0.0
Corporate Income Tax Paid	-19.4	-1.4	-1.1	-27.6	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-0.5	-2.0	-10.6	-5.8	0.0
Net Cash Flow from Operating Activities	205.0	-29.3	56.1	142.9	121.6
Payments for Fixed Assets and Other Long-term Assets	-17.1	-20.1	-123.2	-28.1	-49.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.6	0.6	1.0	1.1	4.5
Loans and Purchases of Debt Instruments	—	0.0	-104.7	-376.1	-236.5
Receipts from Loan Repayments and Sale of Debt Instruments	—	109.0	346.2	214.6	311.5
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	0.6	3.1	27.5	23.9	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	-15.9	92.7	146.8	-164.5	50.6
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	936.0	1,088.7	1,051.8	1,318.5	1,142.9
Repayment of Borrowings	-968.2	-1,090.6	-1,313.6	-1,066.0	-1,389.7
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-22.2	-21.5	-54.7	-61.9	-41.1
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	-54.4	-23.4	-316.6	190.6	-287.9
Net Cash Flow During the Period	134.8	40.1	-113.6	168.9	10.0
Cash and Cash Equivalents at Beginning of Period	197.1	156.4	270.1	105.9	222.1
FX Difference from Revaluation	1.2	0.6	-0.1	-4.7	-0.6
Cash and Cash Equivalents at End of Period	333.1	197.1	156.4	270.1	105.9

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	372.4	412.4	406.4	415.1	370.5	450.7	480.4	357.0	419.2	388.6	511.7	399.7
Revenue Deductions	0.1	0.1	0.0	0.7	0.1	0.0	0.0	0.0	0.0	0.3	0.2	0.3
Net Revenue	372.4	412.3	406.3	414.4	370.4	450.7	480.4	357.0	419.2	388.3	511.5	399.4
Cost of Goods Sold	318.2	358.0	342.2	359.0	320.1	384.1	428.6	310.8	376.1	343.5	478.8	371.7
Gross Profit	54.2	54.3	64.1	55.4	50.3	66.6	51.8	46.2	43.1	44.8	32.7	27.7
Financial Income	2.8	2.2	2.4	3.7	1.5	2.9	1.7	2.1	2.6	6.1	2.7	8.4
Financial Expenses	7.4	9.2	6.0	6.2	6.5	6.8	10.8	13.4	10.0	12.8	10.4	11.2
Interest Expense	7.2	6.3	5.4	5.8	6.3	6.8	8.3	8.6	8.1	8.3	8.5	10.4
Share of Associates and Joint Ventures	0.2	-3.6	0.1	0.1	0.1	0.0	0.1	0.1	0.1	-0.5	0.1	0.6
Selling Expenses	4.3	5.0	4.5	5.0	4.8	6.6	6.0	3.4	4.3	5.1	5.1	4.5
General and Administrative Expenses	31.8	32.8	39.7	32.5	31.7	37.7	29.0	29.8	28.9	26.1	16.3	19.6
Operating Profit	13.6	5.8	16.4	15.5	8.9	18.4	7.8	1.8	2.6	6.3	3.6	1.4
Other Income	0.7	4.9	0.3	0.3	0.2	0.6	0.2	1.2	0.3	1.9	0.5	0.4
Other Expenses	0.1	0.0	0.2	0.1	0.0	0.2	0.1	0.1	0.0	0.1	0.1	0.2
Other Profit	0.6	4.9	0.1	0.3	0.2	0.4	0.1	1.1	0.3	1.8	0.4	0.2
Profit Before Tax	14.3	10.7	16.5	15.8	9.0	18.9	7.8	2.9	2.9	8.2	4.0	1.6
Current Income Tax Expense	3.3	4.9	3.7	3.7	2.8	4.9	1.5	1.2	1.7	3.6	1.5	0.6
Deferred Income Tax Expense	—	0.4	—	—	—	1.1	0.0	0.0	0.0	-1.8	0.0	0.0
Net Income	10.9	5.4	12.8	12.1	6.3	12.8	6.4	1.7	1.2	6.3	2.6	1.0
Non-controlling Interest	-0.3	-1.1	-0.6	-0.7	-1.4	-0.5	-0.6	-0.2	-0.6	1.1	-0.3	0.5
Profit Attributable to Parent	11.2	6.5	13.5	12.7	7.6	13.3	7.0	2.0	1.8	5.1	2.9	0.6
Earnings per Share	521.00	299.00	622.00	588.00	353.00	615.00	327.00	89.00	82.00	250.00	126.00	25.00
Diluted EPS	534.56	309.56	640.77	606.26	363.39	632.41	332.85	93.75	85.52	245.01	135.72	26.33

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)	946.7	957.9	883.6	861.2	897.3	924.3	876.9	945.7	867.8	974.8	947.3	893.3
I. Cash and cash equivalents	381.0	333.1	246.8	188.2	173.2	197.1	151.8	143.9	125.3	156.4	147.4	104.1
1. Cash	351.0	303.1	246.8	188.2	173.2	197.1	151.8	141.9	123.3	155.4	126.4	104.1
2. Cash equivalents	30.0	30.0	—	—	—	0.0	0.0	2.0	2.0	1.0	21.0	0.0
II. Short-term financial investments	2.0	2.0	2.0	2.0	2.0	2.0	2.0	27.0	81.0	109.0	89.7	60.2
1. Available for sale securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Held to maturity investments	2.0	2.0	2.0	2.0	2.0	2.0	2.0	27.0	81.0	109.0	89.7	60.2
III. Short-term receivables	210.3	238.5	256.1	247.0	219.8	201.4	237.4	204.4	179.1	198.7	246.0	237.9
1. Short-term trade accounts receivable	192.3	228.1	258.9	246.0	220.3	199.1	234.8	204.4	172.4	191.3	237.9	214.4
2. Short-term prepayments to suppliers	25.7	16.3	7.3	6.7	5.4	7.7	8.2	5.6	10.3	7.7	8.8	22.8
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	3.1	3.3	3.3	3.5	3.4	3.9	3.6	3.7	5.7	8.9	8.6	9.9
7. Provision for short-term doubtful debts (*)	-10.8	-9.3	-13.5	-9.3	-9.3	-9.3	-9.3	-9.3	-9.3	-9.3	-9.3	-9.3
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	319.3	364.7	360.4	399.7	475.3	515.0	459.8	551.1	461.4	488.1	435.6	456.7
1. Inventories	327.8	373.2	372.5	412.2	485.6	525.4	468.4	559.7	470.0	495.2	449.5	470.7
2. Provision for decline in value of inventories	-8.5	-8.5	-12.1	-12.6	-10.3	-10.3	-8.6	-8.6	-8.6	-7.1	-14.0	-14.0
V. Other short-term assets	34.0	19.6	18.3	24.3	27.0	8.8	25.8	19.3	20.9	22.7	28.7	34.4
1. Short-term prepayments	28.8	3.2	13.4	19.1	20.5	1.6	7.6	1.1	2.1	2.1	6.0	15.4
2. Value added tax to be reclaimed	4.1	4.4	4.5	5.1	5.3	5.2	15.4	14.5	14.2	15.1	13.3	7.2
3. Taxes and other receivables from state authorities	1.1	12.0	0.4	0.1	1.1	2.0	2.8	3.7	4.6	5.4	9.4	11.3
4. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.5
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	336.3	344.3	376.8	386.5	400.9	411.3	424.7	446.5	464.5	482.4	459.2	402.5
I. Long-term receivables	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1	0.2	0.1	0.1	0.2
1. Long-term trade receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1	0.2	0.1	0.1	0.2
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	271.3	283.6	297.0	307.3	315.6	325.6	342.1	364.5	387.1	368.3	322.0	327.2
1. Tangible fixed assets	266.8	278.9	292.4	302.5	315.2	325.3	341.7	364.1	386.6	367.9	321.5	326.7
- Cost	1,709.0	—	—	—	—	1,723.4	1,727.4	1,725.9	1,726.8	1,688.3	1,618.9	1,606.2
- Accumulated depreciation	-1,442.2	—	—	—	—	-1,398.1	-1,385.7	-1,361.8	-1,340.2	-1,320.5	-1,297.3	-1,279.6
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	4.5	4.7	4.7	4.8	0.3	0.3	0.4	0.4	0.4	0.5	0.5	0.5
- Cost	6.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-2.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	47.0	43.1	43.0	43.3	43.1	41.3	41.7	39.2	39.3	40.1	41.2	42.3
- Cost	117.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-70.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	0.3	0.3	0.1	—	6.0	4.6	0.9	5.0	3.1	39.7	64.5	1.7
1. Long-term production in progress	—	—	—	—	1.4	0.0	0.0	0.0	0.0	0.0	62.8	0.0
2. Construction in progress	0.3	0.3	0.1	—	4.6	4.6	0.9	5.0	3.1	39.7	1.7	1.7
V. Long-term financial investments	9.6	9.4	13.1	13.0	13.0	13.2	12.9	12.8	12.7	12.2	12.8	12.7
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	5.0	4.8	8.5	8.4	8.4	8.2	8.3	8.2	8.1	7.6	8.2	8.1
3. Investments in other entities	4.6	4.6	4.6	4.6	4.6	4.6	4.6	4.6	4.6	4.6	4.6	4.6
4. Provision for diminution in value of long-term investments	—	—	—	—	—	0.4	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	7.9	7.8	23.6	22.8	23.2	26.4	26.9	24.8	22.2	22.0	18.7	18.4
1. Long-term prepayments	7.9	7.8	23.2	22.4	22.8	26.1	25.5	23.4	20.7	20.5	18.7	18.4
2. Deferred income tax assets	—	—	0.3	0.3	0.3	0.3	1.5	1.5	1.5	1.5	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)	1,283.0	1,302.2	1,260.5	1,247.7	1,298.1	1,335.6	1,301.6	1,392.2	1,332.3	1,457.3	1,406.5	1,295.8
A. LIABILITIES (300=210+330)	694.6	724.7	680.4	680.5	726.2	769.6	739.8	835.8	755.3	881.9	837.4	729.5
I. Short -term liabilities	664.6	690.0	632.6	628.2	669.6	709.2	673.6	735.8	653.1	776.3	770.9	697.1
1. Short-term trade accounts payable	61.3	93.6	84.5	71.6	92.1	120.9	101.5	133.8	79.7	141.3	110.8	85.3
2. Short-term advances from customers	29.2	20.5	18.5	17.7	17.7	11.9	14.8	10.2	16.1	7.0	13.3	19.6
3. Dividends and profits payable	0.4	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	30.7	4.4	42.8	39.5	29.0	9.1	23.0	3.8	10.8	1.6	30.3	31.5
4. Payable to employees	39.9	57.8	40.2	29.5	23.8	35.9	23.8	17.4	9.2	14.7	9.6	11.2
5. Short-term acrrued expenses	4.7	3.6	3.8	3.6	3.9	4.2	0.1	3.9	1.2	4.7	1.0	1.0
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	28.1	13.6	3.9	16.6	3.8	11.8	4.0	46.0	77.2	140.0	159.8	123.7
10. Short-term borrowings and financial leases	465.4	491.6	431.3	441.8	494.7	511.9	502.7	518.1	454.3	461.8	438.5	413.2
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	4.8	4.9	7.6	7.8	4.6	3.6	3.7	2.6	4.6	5.2	7.5	11.6
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	30.0	34.7	47.8	52.4	56.6	60.4	66.2	100.0	102.1	105.6	66.5	32.4
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	19.5	19.1	33.7	33.9	33.7	33.1	34.0	28.8	27.7	27.2	7.1	7.2
8. Long-term borrowings and financial leases	10.4	15.5	14.1	18.5	22.9	27.3	32.2	71.2	74.4	78.4	59.1	24.9
9. Convertible bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	0.1	0.1	—	—	—	0.0	0.0	0.0	0.0	0.0	0.3	0.3
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)	588.4	577.5	580.0	567.2	571.9	566.0	561.8	556.4	577.0	575.3	569.1	566.3
I. Owner's equity	588.4	577.5	580.0	567.2	571.9	566.0	561.8	556.4	577.0	575.3	569.1	566.3
1. Owner's capital	210.0	210.0	210.0	210.0	210.0	210.0	210.0	210.0	210.0	210.0	210.0	210.0
- Common stock with voting right	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00	210,000,000,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	3.1	3.1	3.1	3.1	3.1	3.1	3.1	3.1	3.1	3.1	3.1	3.1
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	60.4	60.4	59.0	59.0	59.0	59.0	59.0	59.0	59.0	59.0	59.0	59.0
9. Fund to support corporate restructuring	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	262.1	250.9	254.9	241.4	243.3	236.0	231.3	224.8	244.2	241.9	236.9	233.8
- Accumulated retained earning at the end of the previous period	250.9	221.1	221.1	221.1	231.1	220.5	220.5	221.1	242.4	230.4	230.4	230.4
- Undistributed earnings in this period	11.2	29.8	33.8	20.4	12.2	15.6	10.8	3.8	1.8	11.6	6.5	3.5
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	52.9	53.2	53.0	53.7	56.5	57.9	58.4	59.5	60.7	61.3	60.1	60.4
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)	1,283.0	1,302.2	1,260.5	1,247.7	1,298.1	1,335.6	1,301.6	1,392.2	1,332.3	1,457.3	1,406.5	1,295.8

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	14.3	10.7	16.5	15.8	9.0	18.9	7.8	3.0	2.9	8.6	4.0	1.6
Depreciation of Fixed Assets and Investment Property	14.6	15.8	16.0	16.0	16.1	18.0	25.4	25.0	26.0	22.4	24.5	24.7
Provision (Increase)/Reversal	3.6	-3.1	5.4	4.4	2.1	3.2	4.0	0.0	0.0	-5.4	0.0	1.4
FX Gain/Loss from Revaluation of Monetary Items	-1.5	2.5	0.0	-2.6	-0.3	-0.9	-0.6	0.3	1.3	0.9	2.2	1.3
Gain/Loss from Investment Activities	-1.6	-0.7	-0.3	-0.2	-0.0	-1.5	0.5	0.0	-2.0	-3.4	-3.1	-6.9
Interest Expense	7.2	6.3	5.4	5.8	6.3	6.8	8.3	8.6	8.1	8.3	8.5	10.4
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	36.6	31.6	43.1	39.3	33.2	44.3	45.4	36.9	36.3	31.5	36.1	32.5
Increase/(Decrease) in Receivables	44.9	5.3	-14.8	-23.7	-13.2	48.0	-28.6	-27.8	26.7	44.1	-12.3	45.8
Increase/(Decrease) in Inventory	49.2	-4.5	39.8	73.4	39.7	-57.0	91.3	-89.7	25.2	-45.7	21.2	-42.6
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-4.0	-20.9	29.0	-7.8	-17.3	7.6	-31.4	5.5	-120.4	6.1	51.8	-63.2
Increase/(Decrease) in Prepaid Expenses	-25.7	25.6	5.0	1.8	-15.8	5.4	3.3	-13.5	0.5	-0.1	9.2	-17.7
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-7.2	-6.2	-5.5	-5.9	-6.3	-6.7	-8.3	-8.2	-8.5	-8.0	-8.4	-10.8
Corporate Income Tax Paid	-3.9	-5.3	-3.4	-2.5	-8.2	0.0	0.0	-0.1	-1.2	0.0	0.0	0.0
Other Operating Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-0.1	2.4	-0.2	-2.7	-0.1	-0.1	-1.4	-2.4	-0.5	-5.3	-4.8	-0.1
Net Cash Flow from Operating Activities	89.9	28.1	93.0	71.8	12.1	41.5	70.4	-99.3	-42.0	22.6	92.8	-56.1
Payments for Fixed Assets and Other Long-term Assets	-3.0	-2.3	-7.4	-1.5	-5.8	-4.6	-1.4	-4.7	-7.3	-37.9	-79.8	-3.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.3	0.1	0.2	—	0.3	0.1	0.2	0.0	0.1	0.4	0.2
Loans and Purchases of Debt Instruments	—	—	—	—	—	4.0	-2.0	2.0	-2.0	-40.0	-30.0	-32.7
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	—	—	—	-2.0	25.0	54.0	30.0	20.7	0.5	138.0
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	0.9	-0.7	1.2	0.0	0.0	0.3	-2.0	2.7	1.4	3.5	1.5	9.4
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	-2.1	-2.7	-6.0	-1.3	-5.8	-2.0	19.7	54.2	22.1	-53.6	-107.4	112.0
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	192.5	271.8	225.4	648.4	-209.7	276.6	264.6	272.0	276.2	276.8	285.1	289.5
Repayment of Borrowings	-223.7	-210.3	-240.3	-705.7	188.1	-272.4	-324.2	-205.9	-288.0	-235.5	-226.3	-517.1
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-10.3	1.0	-13.4	-1.0	-8.8	0.0	-21.6	-1.0	0.0	-0.0	-1.4	-53.3
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	-41.6	62.6	-28.3	-58.2	-30.4	4.2	-81.2	65.1	-11.7	41.2	57.4	-280.9
Net Cash Flow During the Period	46.3	87.9	58.7	12.3	-24.1	43.7	8.9	20.1	-31.6	10.2	42.8	-225.0
Cash and Cash Equivalents at Beginning of Period	333.1	246.8	188.2	173.2	197.1	156.4	156.4	156.4	156.4	270.1	270.1	270.1
FX Difference from Revaluation	1.6	1.2	2.9	2.9	0.3	1.5	-0.9	-1.5	0.6	-1.2	0.5	0.7
Cash and Cash Equivalents at End of Period	381.0	333.1	246.8	188.2	173.2	197.1	151.8	143.9	125.3	156.4	147.4	104.1

Explore Other Stocks In The Same Sector

PPH, HTG, ADS, STK, NTT, BVN, SPB, VTI, NDT, KMR, SVD, G20, HLT, FTM

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

TVT

What Is Changing

Drivers of TVT'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