VIP

Vận tải Xăng dầu VIPCO ·HOSE ·2026Q1

▼▼ Declining sharply

Margins remain under pressure Net margin 11.70%, −6.30pp YoY

Price

11,350

Latest close

02 Jun 2026

P/E 11.00x

P/B 0.60x

EPS 1,032

BVPS 18,827

ROE 5.4%

ROA 5.0%

Profit Margin 11.7%

Asset Turnover 0.42x

Equity Mult. 1.09x

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

What Is Changing

On a TTM 2026Q1 basis, VIP is retaining some revenue, but margins are collapsing sharply — profit momentum has been slowing across consecutive periods. More notably, a significant portion of profit is supported by non-core sources, further affecting earnings quality.

	                            
	                                TTM REVENUE
	                            
	                                    VND 604bn
	                                
+2.2%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 71bn
	                                
−33.6%YoY

	                            
	                                Net financial result / PBT
	                            
	                                    51.9%
	                                
affects earnings quality

Metric	2025	2024	2023	2022	2021
Revenue	607.2	569.8	549.6	876.1	681.4
Growth	+7%	+4%	-37%	+29%	—
Net Income	85.8	92.9	86.9	247.5	11.0
Net Margin	14.13%	16.30%	15.82%	28.25%	1.62%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	145.5	145.6	163.1	149.3	149.3	145.9	161.1	134.5	128.3	126.6	132.7	134.1
Growth	-0%	-11%	+9%	+0%	+2%	-9%	+20%	+5%	+1%	-5%	-1%	—
Net Income	9.9	6.7	16.1	38.0	25.1	35.5	21.4	24.3	19.0	1.1	22.9	35.1
Net Margin	6.81%	4.57%	9.87%	25.43%	16.82%	24.33%	13.30%	18.08%	14.83%	0.88%	17.28%	26.18%

Drivers of VIP's profit

TTM

Net profit attributable to parent declined vs last year, mainly due to higher administrative expenses. Supporting and offsetting drivers:

Financial income ↑ 9.5bn

Tax ↓ 7.7bn

Administrative expenses ↑ 20.4bn

Other profit ↓ 19.3bn

Gross profit ↓ 14.6bn

TTM

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

Tax ↓ 2.8bn

Financial income ↑ 2.2bn

Gross profit ↓ 11.7bn

Other profit ↓ 6.9bn

Administrative expenses ↑ 1.6bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 8.2% = 18.0% × 0.42 × 1.09

2026Q1 5.4% = 11.7% × 0.42 × 1.09

ROE fell from 8.2% to 5.4% — net margin weakened the most, though asset turnover and leverage still provided support.

Net margin: 11.7% -6.3pp Asset turnover: 0.42x +0.01x Leverage: 1.09x +0.00x

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 11.70%, losing 6.3pp. The main pressure comes from SG&A / Revenue rose 3.1pp and Gross margin fell 3.0pp (in addition, Net financial result / Revenue rose 1.7pp added support while Other profit / Revenue fell 3.2pp remained a drag).

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

Profitability trend

Net Margin 11.70% −6.3pp

Gross Margin 23.74% −3.0pp

SG&A / Revenue 15.07% +3.1pp

Non-core / Revenue 6.29% −1.6pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Financial result share remains high

Even though contribution decreased by 1.6pp, financial result still accounts for 61.8% of PBT — earnings durability should be monitored in coming periods.

Is capital being used efficiently?

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

Is capital being deployed efficiently?

Track how much operating profit the business generates on invested capital.

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

CAPITAL EFFICIENCY TREND

ROIC — —

NOPAT Margin 12.86% −3.7pp

Capital Turnover — —

Average Invested Capital — —

Balance Sheet

ROIC above should be read with industry context — the balance sheet below adds perspective. Balance sheet is exceptionally sound — liabilities at 0.10x equity, with a net cash position equivalent to 0.07x equity.

Over the last 12 months, working capital absorbed 89.2bn of cash, mainly because of higher receivables and higher inventories.

Working Capital Drivers

Receivables increased → lower CFO: −45.9bn

Inventories increased → lower CFO: −33.5bn

Payables decreased → lower CFO: −9.9bn

Working Capital Efficiency

Cash conversion cycle lengthened by 23.4 days versus the same period last year. The main moves came from DIO rose 12.6 days, DSO rose 9.0 days, and DPO fell 1.8 days.

All 3 drivers are deteriorating — working capital is becoming more deeply tied up in the operating cycle.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 130.2 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Receivables collection is slowing

DSO increased by +9.0 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 61.5 days +9.0 days

Inventory 78.0 days +12.6 days

Payables 9.3 days −1.8 days

Cash Conversion Cycle 130.2 days +23.4 days

Is financial risk significant?

Financial risk is low — the company has net cash and CFO reached 135.0bn.

Leverage & Liquidity

Leverage looks fairly comfortable, with net debt / equity at -0.07x and interest coverage at 304.76x.

Debt maturity and the cash buffer remain the two key areas to monitor.

Some leverage signals are missing, so the current read should be treated as contextual.

Leverage and liquidity trend

Net Debt / Equity -0.07x —

Interest Coverage 304.76x +229.19x

Cash / Debt — —

Short-term Debt / Total Debt — —

CFO / NI 0.59x −0.75x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 135.0bn in 2025, against investing cash flow of -63.5bn.

Post-investment cash flow was positive +71.5bn. Financing cash flow was negative +68.5bn.

CFO / net income was 0.59x.

After spending +10.6bn on fixed-asset investment, the business generated trailing free cash flow of +31.2bn.

Cash Conversion

CFO TTM 41.8bn −100.7bn

Cash Capex 10.6bn —

FCF TTM +31.2bn —

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 6.3 pp. The next watchpoint is the earnings mix, when non-core contribution is 51.9%. The main offsetting support comes from balance-sheet flexibility, with net cash/equity at about -0.07x.

Improvement: the balance sheet remains flexible, with a net cash position equivalent to 0.07x of equity.

Watchpoint: the earnings mix still needs monitoring, with net financial result still accounting for 51.9% of PBT and CFO / net income currently at 0.59x.

Key risk: profitability remains under pressure, with trailing-12M net margin at 11.70% after a 6.3pp decline versus the same period last year.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	607.2	569.8	549.6	876.1	681.6
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	607.2	569.8	549.6	876.1	681.4
Cost of Goods Sold	452.2	422.0	432.4	722.6	0.0
Gross Profit	155.0	147.8	117.3	153.6	46.7
Financial Income	45.0	36.9	53.9	26.5	22.1
Financial Expenses	0.3	5.0	0.4	13.7	-25.2
Interest Expense	—	0.0	0.0	11.3	-24.1
Share of Associates and Joint Ventures	—	0.0	-1.7	-22.1	-8.8
Selling Expenses	3.9	3.7	3.7	4.0	-4.3
General and Administrative Expenses	85.6	69.0	57.8	49.1	-49.4
Operating Profit	110.3	106.9	107.6	91.2	-18.8
Other Income	0.1	12.0	1.3	220.5	0.0
Other Expenses	2.1	0.8	0.2	2.9	0.0
Other Profit	-2.0	11.2	1.1	217.6	40.9
Profit Before Tax	108.3	118.1	108.7	308.8	22.1
Current Income Tax Expense	22.7	25.4	21.3	57.1	-11.1
Deferred Income Tax Expense	-0.2	-0.2	0.5	4.2	0.0
Net Income	85.8	92.9	86.9	247.5	11.0
Non-controlling Interest	—	0.0	0.0	0.0	0.0
Profit Attributable to Parent	85.8	92.9	86.9	247.5	11.0
Earnings per Share	961.00	1,092.00	1,079.00	3,250.00	161.25
Diluted EPS	1,253.25	1,356.87	1,269.71	3,615.33	161.25

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,143.7	1,019.9	952.3	891.3	745.7
I. Cash and cash equivalents	68.3	65.4	102.7	132.4	101.0
1. Cash	23.0	13.9	28.5	19.4	0.0
2. Cash equivalents	45.3	51.5	74.2	113.0	0.0
II. Short-term financial investments	893.0	795.0	700.7	570.0	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	893.0	795.0	700.7	570.0	0.0
III. Short-term receivables	71.7	74.4	68.6	116.5	84.9
1. Short-term trade accounts receivable	77.3	87.2	76.7	124.9	0.0
2. Short-term prepayments to suppliers	5.3	5.3	8.9	3.0	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	32.3	20.8	20.9	26.1	0.0
7. Provision for short-term doubtful debts (*)	-43.2	-38.9	-37.9	-37.5	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	105.1	80.9	76.8	69.4	85.1
1. Inventories	105.1	80.9	76.8	69.4	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	5.5	4.2	3.5	2.9	4.7
1. Short-term prepayments	4.4	4.2	3.5	2.9	0.0
2. Value added tax to be reclaimed	1.1	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	—	0.0	0.0	0.0	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	—	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	267.3	371.3	475.1	568.0	727.3
I. Long-term receivables	2.3	2.6	2.6	4.6	0.0
1. Long-term trade receivables	0.2	0.2	0.2	0.2	4.6
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	2.3	4.7	6.2	10.8	0.0
7. Provision for long-term doubtful debts	-0.2	-2.4	-3.9	-6.4	0.0
II. Fixed assets	238.6	330.7	433.9	530.3	671.9
1. Tangible fixed assets	205.6	297.0	399.8	528.6	670.1
- Cost	1,817.2	1,815.2	1,812.1	1,810.5	0.0
- Accumulated depreciation	-1,611.6	-1,518.1	-1,412.3	-1,282.0	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	33.0	33.7	34.1	1.8	1.8
- Cost	34.8	34.8	34.6	2.2	0.0
- Accumulated depreciation	-1.8	-1.1	-0.5	-0.4	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	1.3	1.5	5.1	1.5	2.6
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	1.3	1.5	5.1	1.5	0.0
V. Long-term financial investments	6.1	6.1	6.4	8.2	31.0
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	1.7	0.0
3. Investments in other entities	57.2	60.6	60.6	60.6	0.0
4. Provision for diminution in value of long-term investments	-51.1	-54.5	-54.2	-54.2	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	18.9	30.5	27.1	23.4	0.0
1. Long-term prepayments	8.7	20.3	16.9	13.3	0.0
2. Deferred income tax assets	10.2	10.2	10.2	10.2	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	17.1
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)	1,410.9	1,391.2	1,427.4	1,459.3	1,473.0
A. LIABILITIES (300=210+330)	131.7	109.2	152.7	162.7	388.7
I. Short -term liabilities	104.4	65.1	137.1	126.9	144.4
1. Short-term trade accounts payable	14.2	5.5	20.1	11.5	30.2
2. Short-term advances from customers	0.6	7.8	0.3	2.9	0.8
3. Taxes and other payables to state authorities	7.2	13.4	5.2	67.9	0.0
4. Payable to employees	18.8	14.7	14.6	13.2	0.0
5. Short-term acrrued expenses	4.9	3.7	2.3	1.5	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	—	0.0	0.0	0.0	0.0
9. Other short-term payables	21.0	9.0	11.5	10.5	0.0
10. Short-term borrowings and financial leases	—	0.0	0.0	0.0	56.1
11. Provision for short-term liabilities	32.6	0.0	56.3	7.6	0.0
12.. Bonus and welfare fund	5.1	11.0	26.7	11.8	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	27.4	44.1	15.6	35.8	244.3
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	0.1	0.1	0.1	0.1	0.2
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	0.5	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	—	0.0	0.0	0.0	180.6
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	14.5	14.7	14.9	14.4	0.0
12. Provision for long-term liabilities	12.3	29.3	0.6	21.4	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)	1,279.2	1,282.0	1,274.7	1,296.6	1,084.2
I. Owner's equity	1,279.2	1,282.0	1,274.7	1,296.6	0.0
1. Owner's capital	684.7	684.7	684.7	684.7	1,084.2
- Common stock with voting right	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	10.9	10.9	10.9	10.9	10.9
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	306.4	306.4	306.4	306.4	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	277.2	280.0	272.7	294.6	82.2
- Accumulated retained earning at the end of the previous period	191.4	187.1	185.8	47.0	71.2
- Undistributed earnings in this period	85.8	92.9	86.9	247.5	11.0
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)	1,410.9	1,391.2	1,427.4	1,459.3	1,473.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	108.3	118.1	108.7	308.8	22.1
Depreciation of Fixed Assets and Investment Property	94.3	106.8	134.8	142.6	186.9
Provision (Increase)/Reversal	39.3	30.8	26.0	-25.9	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.8	-1.0	0.1	0.3	0.0
Gain/Loss from Investment Activities	-41.6	-34.8	-51.6	-219.3	0.0
Interest Expense	—	0.0	0.0	11.3	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	199.4	219.9	218.0	217.9	171.9
Increase/(Decrease) in Receivables	7.7	-3.3	53.1	-27.8	0.0
Increase/(Decrease) in Inventory	-24.2	-4.1	-7.4	15.7	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	16.8	-4.9	-12.2	-3.3	0.0
Increase/(Decrease) in Prepaid Expenses	12.9	-4.1	-4.2	-5.1	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	—	0.0	0.0	-11.6	0.0
Corporate Income Tax Paid	-26.6	-20.4	-62.6	-11.7	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-51.0	-90.1	-11.7	-11.0	0.0
Net Cash Flow from Operating Activities	135.0	93.0	173.0	163.0	131.0
Payments for Fixed Assets and Other Long-term Assets	-6.9	-1.4	-42.0	-1.0	-7.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.8	1.0	217.8	265.0
Loans and Purchases of Debt Instruments	-1,616.0	-1,190.0	-950.0	-960.0	-350.0
Receipts from Loan Repayments and Sale of Debt Instruments	1,518.0	1,095.7	819.3	860.0	20.0
Investments in Other Entities	—	0.0	0.0	0.0	8.8
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	41.4	33.2	51.2	22.7	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	-63.5	-61.8	-120.5	139.5	-45.1
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	27,136,745,600.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	—	0.0	0.0	0.0	0.0
Repayment of Borrowings	—	0.0	0.0	-236.7	-101.7
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-68.5	-68.5	-82.1	-34.3	-40.2
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-68.5	-68.5	-82.1	-271.0	-114.8
Net Cash Flow During the Period	3.0	-37.3	-29.7	31.5	-58.9
Cash and Cash Equivalents at Beginning of Period	65.4	102.7	132.4	101.0	129.9
FX Difference from Revaluation	-0.1	0.0	-0.1	-0.0	-0.1
Cash and Cash Equivalents at End of Period	68.3	65.4	102.7	132.4	101.0

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	145.5	145.6	163.1	149.3	149.3	145.9	161.1	134.5	128.3	126.6	132.7	134.1
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	145.5	145.6	163.1	149.3	149.3	145.9	161.1	134.5	128.3	126.6	132.7	134.1
Cost of Goods Sold	117.6	125.9	123.5	93.2	109.6	103.5	125.2	94.6	99.9	117.0	99.8	94.8
Gross Profit	27.9	19.7	39.5	56.1	39.7	42.5	35.9	39.9	28.4	9.6	32.9	39.3
Financial Income	12.5	12.6	11.2	11.0	10.3	10.6	8.2	8.7	9.4	11.4	13.7	15.1
Financial Expenses	0.1	0.2	0.0	0.1	0.0	0.3	0.9	0.4	0.0	0.7	0.0	-0.5
Interest Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	-3.8	2.0
Selling Expenses	1.0	0.8	0.9	1.1	1.0	1.0	0.9	0.8	1.0	1.6	0.7	0.8
General and Administrative Expenses	18.9	21.4	28.6	18.2	17.3	17.4	15.1	17.1	14.3	18.6	12.7	12.8
Operating Profit	20.5	9.9	21.2	47.6	31.6	34.3	27.2	30.3	22.5	0.2	29.4	43.3
Other Income	0.1	0.1	0.0	0.0	0.0	0.1	0.1	0.1	0.9	1.2	0.1	0.0
Other Expenses	7.0	2.0	0.0	0.1	0.0	-10.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Profit	-6.9	-1.9	0.0	-0.1	0.0	10.2	0.1	0.1	0.9	1.2	0.1	-0.0
Profit Before Tax	13.6	8.0	21.2	47.5	31.6	44.5	27.3	30.4	23.4	1.3	29.5	43.3
Current Income Tax Expense	3.7	1.4	5.2	9.6	6.6	8.9	5.9	6.2	4.5	0.2	5.8	8.4
Deferred Income Tax Expense	-0.1	-0.1	-0.1	-0.0	-0.1	0.0	-0.0	-0.1	-0.1	-0.0	0.7	-0.3
Net Income	9.9	6.7	16.1	38.0	25.1	35.5	21.4	24.3	19.0	1.1	22.9	35.1
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	9.9	6.7	16.1	38.0	25.1	35.5	21.4	24.3	19.0	1.1	22.9	35.1
Earnings per Share	144.80	97.23	235.01	554.48	366.53	518.49	312.95	355.09	277.79	16.27	334.89	512.64
Diluted EPS	144.80	97.23	235.01	554.48	366.53	518.49	312.95	355.09	277.79	16.27	334.89	512.64

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,172.8	1,143.7	1,170.3	1,092.3	1,080.4	1,019.5	986.3	938.8	963.9	953.5	966.4	885.4
I. Cash and cash equivalents	94.5	68.3	74.0	111.5	67.7	69.4	82.5	119.2	100.2	102.7	123.5	107.8
1. Cash	27.6	23.0	14.4	21.8	28.2	13.9	25.5	29.7	25.1	28.5	38.5	27.7
2. Cash equivalents	66.9	45.3	59.6	89.7	39.5	55.5	57.0	89.5	75.1	74.2	85.0	80.1
II. Short-term financial investments	826.4	893.0	858.0	820.0	850.0	791.0	746.0	670.0	720.7	700.7	690.0	630.0
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	826.4	893.0	858.0	820.0	850.0	791.0	746.0	670.0	720.7	700.7	690.0	630.0
III. Short-term receivables	131.6	71.7	142.9	73.0	76.0	74.0	74.5	67.7	65.4	68.7	74.9	68.0
1. Short-term trade accounts receivable	115.2	77.3	149.8	87.6	87.9	87.2	92.1	83.2	81.9	76.7	82.8	80.9
2. Short-term prepayments to suppliers	34.3	5.3	5.0	2.5	3.1	5.3	3.3	7.4	1.6	8.9	7.5	2.0
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	25.2	32.3	27.1	21.8	23.9	20.4	18.4	15.0	19.8	21.0	22.1	22.5
7. Provision for short-term doubtful debts (*)	-43.1	-43.2	-38.9	-38.9	-38.9	-38.9	-39.2	-37.9	-37.9	-37.9	-37.5	-37.5
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	115.0	105.1	91.0	82.9	81.6	80.9	79.6	77.9	73.3	76.8	74.5	75.5
1. Inventories	115.0	105.1	91.0	82.9	81.6	80.9	79.6	77.9	73.3	76.8	74.5	75.5
2. Provision for decline in value of inventories	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	5.3	5.5	4.3	4.9	5.1	4.2	3.7	4.1	4.3	4.6	3.5	4.1
1. Short-term prepayments	4.5	4.4	4.3	4.8	5.0	4.2	3.6	3.9	4.2	4.6	3.4	4.0
2. Value added tax to be reclaimed	0.7	1.1	0.0	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	0.1	—	0.1	0.1	0.1	0.0	0.1	0.2	0.1	0.0	0.1	0.1
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)	245.2	267.3	295.3	317.8	343.9	374.7	397.4	418.5	447.4	473.6	465.5	504.2
I. Long-term receivables	2.2	2.3	2.6	2.6	2.6	2.6	2.6	2.6	2.5	2.6	3.6	3.5
1. Long-term trade receivables	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
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	2.2	2.3	6.5	7.3	7.9	4.7	5.1	5.7	5.8	6.2	7.8	8.3
7. Provision for long-term doubtful debts	-0.2	-0.2	-4.1	-4.9	-5.5	-2.4	-2.8	-3.3	-3.5	-3.9	-4.5	-5.1
II. Fixed assets	215.1	238.6	264.2	284.2	307.2	330.7	351.9	374.9	400.2	436.1	435.3	468.6
1. Tangible fixed assets	182.3	205.6	231.1	250.9	273.7	297.0	318.1	340.9	366.1	401.9	433.6	466.8
- Cost	1,816.6	—	—	—	—	1,815.2	1,812.9	1,812.4	1,812.4	1,814.2	1,816.4	1,815.9
- Accumulated depreciation	-1,634.3	—	—	—	—	-1,518.1	-1,494.8	-1,471.5	-1,446.3	-1,412.3	-1,382.9	-1,349.1
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	32.8	33.0	33.2	33.3	33.5	33.7	33.8	34.0	34.2	34.1	1.8	1.8
- Cost	34.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-1.9	—	—	—	—	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	4.8	1.3	2.2	2.0	1.5	1.5	3.6	3.6	3.6	1.5	1.5	1.5
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	4.8	1.3	2.2	2.0	1.5	1.5	3.6	3.6	3.6	1.5	1.5	1.5
V. Long-term financial investments	6.1	6.1	6.1	6.1	6.1	9.5	6.1	6.1	6.4	6.4	6.9	10.7
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	3.8
3. Investments in other entities	57.2	57.2	57.2	57.2	57.2	60.6	60.6	60.6	60.6	60.6	60.6	60.6
4. Provision for diminution in value of long-term investments	-51.1	-51.1	-51.1	-51.1	-51.1	-51.1	-54.5	-54.5	-54.2	-54.2	-53.7	-53.7
5. Held to maturity investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	16.8	18.9	20.2	22.9	26.6	30.5	33.3	31.3	34.7	27.1	18.3	20.0
1. Long-term prepayments	6.6	8.7	10.0	12.7	16.4	20.3	23.0	21.1	24.5	16.9	8.2	9.9
2. Deferred income tax assets	10.2	10.2	10.2	10.2	10.2	10.2	10.2	10.2	10.2	10.2	10.1	10.1
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)	1,418.0	1,410.9	1,465.6	1,410.1	1,424.3	1,394.2	1,383.7	1,357.3	1,411.3	1,427.1	1,431.9	1,389.5
A. LIABILITIES (300=210+330)	128.9	131.7	193.1	153.7	117.2	106.1	131.1	125.7	117.6	152.9	158.9	139.4
I. Short -term liabilities	101.9	104.4	138.8	107.5	77.8	62.0	98.7	100.5	98.3	138.0	133.1	116.4
1. Short-term trade accounts payable	15.6	14.2	30.3	10.8	7.8	5.5	35.1	15.8	18.5	20.1	18.6	14.1
2. Short-term advances from customers	15.6	0.6	0.7	5.7	4.7	7.8	4.1	2.0	0.3	0.3	1.6	1.6
3. Dividends and profits payable	0.1	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	6.1	7.2	14.6	16.1	9.7	13.3	11.2	9.5	7.1	5.1	14.9	14.2
4. Payable to employees	14.7	18.8	18.4	16.2	13.3	14.7	16.0	12.9	11.1	14.6	13.4	11.2
5. Short-term acrrued expenses	5.1	4.9	13.9	3.3	8.8	0.7	0.3	0.3	0.2	0.9	0.4	0.4
6. Short-term inter-company payables	—	0.0	—	—	—	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	—	—	—	3.3	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	9.6	20.9	18.9	9.1	8.2	9.0	7.8	7.5	10.6	11.5	11.1	10.7
10. Short-term borrowings and financial leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
11. Provision for short-term liabilities	32.6	32.6	23.6	19.0	16.7	0.0	0.0	23.3	32.2	58.8	45.6	35.9
12.. Bonus and welfare fund	2.4	5.1	18.3	24.0	8.5	11.0	24.1	29.2	18.2	26.7	27.5	28.4
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	27.0	27.4	54.3	46.1	39.4	44.1	32.4	25.2	19.4	14.9	25.8	23.0
1. Long-term trade payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
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	0.2	0.5	1.5	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Convertible bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	14.4	14.5	14.6	14.7	14.7	14.7	14.7	14.7	14.7	14.9	14.8	14.0
12. Provision for long-term liabilities	12.3	12.3	38.2	31.4	24.7	29.3	17.6	10.5	4.6	0.0	10.9	8.9
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)	1,289.1	1,279.2	1,272.5	1,256.4	1,307.1	1,288.1	1,252.6	1,231.5	1,293.7	1,274.2	1,273.0	1,250.1
I. Owner's equity	1,289.1	1,279.2	1,272.5	1,256.4	1,307.1	1,288.1	1,252.6	1,231.5	1,293.7	1,274.2	1,273.0	1,250.1
1. Owner's capital	684.7	684.7	684.7	684.7	684.7	684.7	684.7	684.7	684.7	684.7	684.7	684.7
- Common stock with voting right	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00	684,709,410,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	10.9	10.9	10.9	10.9	10.9	10.9	10.9	10.9	10.9	10.9	10.9	10.9
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	306.4	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	306.4	306.4	306.4	306.4	306.4	306.4	306.4	306.4	306.4	306.4	306.4	306.4
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	287.1	277.2	270.5	254.4	305.1	286.1	250.6	229.5	291.7	272.2	271.0	248.1
- Accumulated retained earning at the end of the previous period	277.2	191.4	191.4	191.4	280.0	187.1	187.1	186.2	272.7	185.8	185.8	185.8
- Undistributed earnings in this period	9.9	85.8	79.2	63.1	25.1	99.0	63.5	43.3	19.0	86.4	85.3	62.3
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Financial reserves	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,418.0	1,410.9	1,465.6	1,410.1	1,424.3	1,394.2	1,383.7	1,357.3	1,411.3	1,427.1	1,431.9	1,389.5

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	13.6	8.0	21.2	47.5	31.6	44.5	27.3	29.0	23.4	2.0	29.5	43.3
Depreciation of Fixed Assets and Investment Property	23.6	23.6	23.7	23.5	23.5	23.6	23.1	25.6	34.2	33.9	33.8	33.6
Provision (Increase)/Reversal	-0.1	8.5	10.6	8.4	11.8	7.5	-18.1	-0.0	-20.7	3.2	8.8	6.4
FX Gain/Loss from Revaluation of Monetary Items	-0.0	-0.8	-0.0	0.0	0.0	-1.4	0.9	-0.7	-0.5	-0.4	0.6	-0.1
Gain/Loss from Investment Activities	14.6	-9.5	-11.2	-10.6	-10.3	-10.2	-7.2	-8.3	-8.9	-12.9	-8.3	-17.0
Interest Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	51.7	29.7	44.3	68.8	56.6	64.0	26.0	45.5	27.5	25.8	64.4	66.1
Increase/(Decrease) in Receivables	-51.9	77.7	-73.1	1.5	1.6	4.8	-9.4	1.6	3.7	24.7	-25.6	15.8
Increase/(Decrease) in Inventory	-9.9	-14.1	-8.1	-1.4	-0.7	-1.4	-1.7	-4.5	3.5	-2.3	1.0	-4.5
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-22.0	-27.2	35.4	3.9	4.7	-31.5	21.7	-2.7	-6.2	-1.3	8.5	-13.2
Increase/(Decrease) in Prepaid Expenses	1.9	2.6	3.3	3.9	3.1	2.1	-1.7	3.7	-8.3	-8.8	2.2	2.1
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	-5.7	-4.2	-7.6	-5.4	-9.5	0.0	-4.8	-3.7	-4.5	-4.7	-6.7	-5.3
Other Operating Receipts	0.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-3.1	-42.9	-1.0	-5.4	-1.7	-12.9	0.7	-7.7	-6.9	-27.5	25.8	-3.7
Net Cash Flow from Operating Activities	-39.1	21.7	-6.9	66.0	54.2	25.1	30.9	32.3	8.8	5.8	69.5	57.3
Payments for Fixed Assets and Other Long-term Assets	-3.6	-2.0	-4.3	-0.6	—	-0.1	4.5	-4.9	-0.5	-36.1	-0.5	-5.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	0.0	1.0	-0.9	0.9	1.0	0.0	0.0
Loans and Purchases of Debt Instruments	-399.2	-528.0	-308.0	70.0	-850.0	-135.3	-89.0	-298.5	-358.5	-110.0	-210.0	-318.0
Receipts from Loan Repayments and Sale of Debt Instruments	463.2	493.0	270.0	-40.0	795.0	90.3	20.0	342.2	338.5	69.3	180.0	358.0
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	-1.7	1.7	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	4.8	9.7	11.8	16.2	3.9	6.9	2.9	9.5	8.9	51.2	-25.3	25.3
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	65.2	-27.3	-30.6	45.5	-51.1	-38.2	-60.6	47.5	-10.7	-26.4	-54.0	59.9
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Borrowings	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	0.0	-67.7	-0.8	0.0	0.0	-67.9	-0.6	0.0	-0.0	-82.1
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	—	0.0	0.0	-67.7	-0.8	0.0	0.0	-67.9	-0.6	0.0	-0.0	-82.1
Net Cash Flow During the Period	26.2	-5.6	-37.4	43.8	2.3	-13.1	-29.7	11.9	-2.5	-20.5	15.5	35.1
Cash and Cash Equivalents at Beginning of Period	68.3	74.0	111.5	67.7	65.4	102.7	102.7	102.7	102.7	132.4	132.4	132.4
FX Difference from Revaluation	-0.0	-0.1	0.0	0.0	0.0	0.0	0.0	0.1	0.0	-0.3	0.2	0.0
Cash and Cash Equivalents at End of Period	94.5	68.3	74.0	111.5	67.7	69.4	82.5	112.2	100.2	102.7	123.5	107.8

Explore Other Stocks In The Same Sector

PVT, ALC, PVP, VTO, GSP, PJT, DOP

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

VIP

What Is Changing

Drivers of VIP'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