VMC

Vimeco ·HNX ·2026Q1

▼▼ Declining sharply

Capital efficiency remains weak ROE −0.19%, −0.39pp YoY

Price

4,200

Latest close

03 Jun 2026

P/E 50.00x

P/B 0.35x

EPS 84

BVPS 12,083

ROE 0.6%

ROA 0.2%

Profit Margin 0.3%

Asset Turnover 0.65x

Equity Mult. 3.53x

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

What Is Changing

On a TTM 2026Q1 basis, VMC is losing revenue quickly, though margins have not been hit proportionally yet — 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 807bn
	                                
−21.9%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 2bn
	                                
−31.4%YoY

	                            
	                                Non-core income / PBT
	                            
	                                    174.3%

Metric	2025	2024	2023	2022	2021
Revenue	817.0	1,118.1	1,172.4	918.4	767.0
Growth	-27%	-5%	+28%	+20%	—
Net Income	-9.6	3.2	4.7	2.8	5.0
Net Margin	-1.18%	0.29%	0.40%	0.30%	0.65%

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	105.7	324.8	144.6	231.8	115.8	369.9	272.4	274.9	200.9	319.3	254.7	487.7
Growth	-67%	+125%	-38%	+100%	-69%	+36%	-1%	+37%	-37%	+25%	-48%	—
Net Income	0.2	0.4	1.3	0.4	0.5	-0.1	2.7	0.1	0.8	-1.4	3.1	3.1
Net Margin	0.15%	0.13%	0.88%	0.16%	0.45%	-0.02%	0.99%	0.05%	0.38%	-0.43%	1.21%	0.64%

Drivers of VMC's profit

TTM

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

Other profit ↑ 7.7bn

Finance costs ↓ 3.3bn

Tax ↓ 0.7bn

Minority interests ↓ 0.2bn

Gross profit ↓ 10.2bn

Administrative expenses ↑ 1.3bn

TTM

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

Finance costs ↓ 1.6bn

Other profit ↑ 0.9bn

Minority interests ↓ 0.2bn

Financial income ↑ 0.0bn

Administrative expenses ↑ 1.5bn

Gross profit ↓ 1.4bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 0.9% = 0.3% × 0.76 × 3.80

2026Q1 0.6% = 0.3% × 0.65 × 3.53

ROE is broadly flat at 0.6% — the components are offsetting one another.

Net margin: 0.3% -0.0pp Asset turnover: 0.65x -0.12x Leverage: 3.53x -0.27x

Is the profit sustainable?

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

very positive positive stable watch under pressure

What is driving the margin?

Net margin stands at 0.28%, broadly flat versus the same period. Supportive factors and pressure points are offsetting one another.

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

Profitability trend

Net Margin 0.28% −0.0pp

Gross Margin 8.68% +0.9pp

SG&A / Revenue 4.94% +1.2pp

Non-core / Revenue -2.90% +0.3pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Financial result is supporting margin

Financial result accounts for 174.3% of PBT and lifted net margin by 0.3pp — separate the operating contribution from this source.

Is capital being used efficiently?

Evaluate capital, asset, and working-capital efficiency.

Is capital being deployed efficiently?

ROIC narrowed to -0.19%, falling 0.4pp. That translates to -0.19 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin narrowed 0.4pp and capital turnover fell 0.25x, with invested capital holding roughly steady — pressure came from both operational efficiency and asset efficiency.

Pressure came from the margin side — core operations are weakening, not just a temporary asset-management issue.

Watchpoints

ROIC remains low

ROIC is currently -0.19% — below the typical cost-of-capital threshold; worth tracking whether upcoming periods can rise above this level.

CAPITAL EFFICIENCY TREND

ROIC -0.19% −0.4pp

NOPAT Margin -0.21% −0.4pp

Capital Turnover 0.95x −0.25x

Average Invested Capital 851.7bn −10.6bn

Balance Sheet

Leverage is elevated, requiring monitoring — liabilities at 2.36x equity, net debt at 1.39x equity.

Inventory ended the period at 271.1bn, roughly 23.2% of total assets.

Over the last 12 months, working capital absorbed 68.3bn of cash, mainly because of higher receivables and lower payables. Part of that drag was offset by lower inventories.

Working Capital Drivers

Receivables increased → lower CFO: −12.8bn

Inventories decreased → higher CFO: +119.9bn

Payables decreased → lower CFO: −175.5bn

Working Capital Efficiency

The inventory build-up noted above is reflected in a longer cash cycle. Cash conversion cycle lengthened by 44.1 days versus the same period last year. The main moves came from DIO rose 28.8 days, DSO rose 10.7 days, and DPO fell 4.7 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 223.9 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Receivables collection is slowing

DSO increased by +10.7 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 128.9 days +10.7 days

Inventory 157.4 days +28.8 days

Payables 62.4 days −4.7 days

Cash Conversion Cycle 223.9 days +44.1 days

Is financial risk significant?

Check leverage, liquidity, and cash-flow conversion.

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 1.39x and interest coverage only at -0.13x.

At present, short-term debt accounts for 92.7% of total debt, cash equals 8.9% of debt, and total debt stands at 530.6bn.

Watchpoints

Net leverage is elevated

Net debt / equity stands at 1.39x, increasing balance-sheet pressure.

Interest coverage is thin

Interest coverage is -0.13x, leaving limited room to absorb financing costs.

Leverage and liquidity trend

Net Debt / Equity 1.39x −0.05x

Interest Coverage -0.13x −0.24x

Cash / Debt 8.9% −6.7pp

Short-term Debt / Total Debt 92.7% −4.6pp

CFO / NI -23.92x −53.75x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 34.2bn in 2025, against investing cash flow of -12.2bn.

Post-investment cash flow was positive +22.1bn. Financing cash flow was negative +17.8bn.

CFO / net income was -23.92x.

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

Cash capex or FCF data is incomplete, so the cash-conversion view is only partial.

Cash Conversion

CFO TTM 53.3bn −145.5bn

Cash Capex — —

FCF TTM — —

Investment Takeaway

The business is showing a few weaker signals, but the current magnitude is not yet clear enough to conclude that this is a broader weakening phase. The next item to monitor is the earnings mix, when non-core contribution is -521.1%. The main risk still sits in capital efficiency remains weak, with ROIC at -0.2%.

Watchpoint: the earnings mix still needs monitoring, with net financial result still accounting for -521.1% of PBT and CFO / net income currently at -23.92x.

Key risk: Capital efficiency remains weak.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	817.0	1,118.1	1,172.4	918.4	767.0
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	817.0	1,118.1	1,172.4	918.4	767.0
Cost of Goods Sold	745.3	1,032.9	1,085.1	858.0	0.0
Gross Profit	71.7	85.2	87.3	60.5	36.8
Financial Income	3.1	4.4	9.1	4.0	4.2
Financial Expenses	39.9	42.2	50.6	25.4	-17.4
Interest Expense	39.9	42.2	50.6	25.4	-17.3
Share of Associates and Joint Ventures	-0.1	0.0	0.0	0.0	-0.0
Selling Expenses	—	0.0	0.0	-9.1	17.6
General and Administrative Expenses	51.2	42.8	44.7	43.5	-33.3
Operating Profit	-16.6	4.6	1.2	4.7	7.8
Other Income	11.3	5.7	10.4	1.3	0.0
Other Expenses	1.5	1.7	0.1	1.0	0.0
Other Profit	9.8	4.0	10.3	0.3	0.1
Profit Before Tax	-6.8	8.5	11.5	5.0	7.9
Current Income Tax Expense	2.9	5.3	6.8	2.2	-2.9
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	-9.6	3.2	4.7	2.8	5.0
Non-controlling Interest	0.0	0.0	0.0	-0.3	0.1
Profit Attributable to Parent	-9.6	3.2	4.7	3.0	4.9
Earnings per Share	-336.00	123.00	196.00	140.00	245.00
Diluted EPS	-336.00	123.00	196.00	140.00	244.61

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	899.2	1,146.4	1,203.6	1,360.0	841.5
I. Cash and cash equivalents	109.2	105.0	55.6	69.6	18.6
1. Cash	66.1	69.0	23.6	69.6	0.0
2. Cash equivalents	43.1	36.0	32.0	0.0	0.0
II. Short-term financial investments	20.0	16.0	41.0	77.0	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	20.0	16.0	41.0	77.0	0.0
III. Short-term receivables	498.7	697.0	781.3	824.5	559.5
1. Short-term trade accounts receivable	294.6	395.5	434.2	509.1	0.0
2. Short-term prepayments to suppliers	117.2	111.1	198.5	184.3	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	—	21.8	2.2	2.5	0.0
6. Other short-term receivables	132.7	203.9	183.8	167.9	0.0
7. Provision for short-term doubtful debts (*)	-45.7	-35.3	-37.4	-39.3	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	271.1	327.9	325.6	374.4	186.2
1. Inventories	271.1	327.9	325.6	374.4	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	0.1	0.5	0.1	14.6	0.1
1. Short-term prepayments	0.0	0.2	0.1	0.6	0.0
2. Value added tax to be reclaimed	0.0	0.3	0.0	13.9	0.0
3. Taxes and other receivables from state authorities	0.1	0.0	0.0	0.1	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)	267.7	258.7	249.3	258.2	176.5
I. Long-term receivables	2.3	3.4	4.9	4.3	0.0
1. Long-term trade receivables	—	0.0	0.0	1.6	29.2
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	1.5	0.0	0.0
6. Other long-term receivables	2.3	3.4	3.4	2.7	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	161.9	187.1	214.0	212.5	127.0
1. Tangible fixed assets	130.7	153.0	176.8	180.0	127.0
- Cost	517.6	577.2	596.1	627.6	0.0
- Accumulated depreciation	-386.9	-424.2	-419.3	-447.6	0.0
2. Financial leased fixed assets	27.6	30.5	33.4	32.4	0.0
- Cost	37.7	37.7	37.7	33.9	0.0
- Accumulated depreciation	-10.1	-7.2	-4.3	-1.4	0.0
3. Intangible fixed assets	3.6	3.6	3.7	0.0	0.0
- Cost	3.8	3.7	3.7	0.0	0.0
- Accumulated depreciation	-0.2	-0.1	0.0	0.0	0.0
III. Investment properties	18.5	21.7	0.0	0.0	0.0
- Cost	20.7	23.9	2.1	2.1	0.0
- Accumulated depreciation	-2.1	-2.1	-2.1	-2.1	0.0
IV. Long-term assets in progress	9.0	9.0	9.0	18.9	10.0
1. Long-term production in progress	9.0	9.0	9.0	9.0	0.0
2. Construction in progress	—	0.0	0.0	9.9	0.0
V. Long-term financial investments	68.5	25.7	0.7	2.0	2.0
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	65.9	0.0	0.0	0.0	0.0
3. Investments in other entities	8.0	6.1	6.1	7.4	0.0
4. Provision for diminution in value of long-term investments	-5.4	-5.4	-5.4	-5.4	0.0
5. Held to maturity investments	—	25.0	0.0	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	7.5	11.8	20.8	20.6	0.0
1. Long-term prepayments	7.5	11.8	20.8	20.6	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	8.3
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)	1,166.9	1,405.1	1,453.0	1,618.2	1,018.0
A. LIABILITIES (300=210+330)	819.7	1,048.3	1,099.3	1,267.5	667.6
I. Short -term liabilities	776.5	1,026.3	1,065.1	1,211.2	641.8
1. Short-term trade accounts payable	113.9	248.5	269.4	343.2	215.5
2. Short-term advances from customers	120.4	182.1	207.2	343.0	141.4
3. Taxes and other payables to state authorities	5.2	4.0	8.8	2.6	0.0
4. Payable to employees	5.8	6.4	7.9	9.7	0.0
5. Short-term acrrued expenses	17.7	27.1	44.3	5.1	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	1.8	2.2	2.1	3.6	1.4
9. Other short-term payables	4.9	10.8	10.5	9.7	0.0
10. Short-term borrowings and financial leases	506.9	545.4	514.8	494.1	251.2
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.0	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	43.2	21.9	34.3	56.3	25.7
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	2.8	2.3	1.2	1.6	0.0
8. Long-term borrowings and financial leases	40.4	19.6	33.1	54.7	15.1
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0	0.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	347.2	356.8	353.6	350.7	350.4
I. Owner's equity	347.2	356.8	353.6	350.7	0.0
1. Owner's capital	287.5	261.3	237.6	216.0	350.4
- Common stock with voting right	287,470,170,000.00	261,341,320,000.00	237,589,510,000.00	215,995,583,000.00	200,000,000,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	30.0	30.0	30.0	30.0	30.0
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	24.7	50.8	0.0	0.6	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	5.0	14.6	86.0	102.4	21.7
- Accumulated retained earning at the end of the previous period	14.6	11.4	81.4	99.4	0.0
- Undistributed earnings in this period	-9.6	3.2	4.7	3.0	21.7
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	0.0	0.0	0.0	1.7	1.9
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)	1,166.9	1,405.1	1,453.0	1,618.2	1,018.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	-6.8	8.5	11.5	5.0	7.9
Depreciation of Fixed Assets and Investment Property	27.7	29.6	31.3	28.3	23.1
Provision (Increase)/Reversal	10.4	-2.1	-1.2	-10.4	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-14.5	-9.9	-19.5	-4.0	0.0
Interest Expense	39.9	42.2	50.6	25.4	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	56.7	68.4	72.7	44.3	43.2
Increase/(Decrease) in Receivables	169.7	84.6	59.0	-246.1	0.0
Increase/(Decrease) in Inventory	56.8	-2.3	48.9	-188.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-208.2	-66.6	-184.1	326.7	0.0
Increase/(Decrease) in Prepaid Expenses	4.5	8.8	0.3	-13.4	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-39.9	-42.2	-50.5	-24.9	0.0
Corporate Income Tax Paid	-5.3	-6.8	-2.2	-2.7	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	—	0.0	0.0	-0.5	0.0
Net Cash Flow from Operating Activities	34.2	43.8	-56.0	-104.6	-8.5
Payments for Fixed Assets and Other Long-term Assets	-3.4	-3.5	-21.6	-92.7	-17.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	12.5	6.5	11.4	0.1	0.0
Loans and Purchases of Debt Instruments	-10.2	-20.0	-0.0	0.0	-1.5
Receipts from Loan Repayments and Sale of Debt Instruments	53.0	2.0	38.5	0.0	0.0
Investments in Other Entities	-67.9	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	11.0	0.0	0.0
Dividends and Interest Income Received	3.8	3.5	5.7	2.7	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	-12.2	-11.6	45.0	-89.9	-15.9
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	30,000,000.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	965.9	934.0	914.3	730.5	505.5
Repayment of Borrowings	-975.3	-908.5	-909.0	-479.8	-475.6
Repayment of Finance Leases	-8.4	-8.4	-8.2	-3.9	0.0
Dividends Paid	-0.0	-0.1	-0.1	-0.0	-26.0
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	-17.8	17.1	-2.9	246.8	3.9
Net Cash Flow During the Period	4.3	49.4	-13.9	52.2	-10.9
Cash and Cash Equivalents at Beginning of Period	105.0	55.6	69.6	17.3	39.0
FX Difference from Revaluation	-0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	109.2	105.0	55.6	69.6	18.6

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	105.7	324.8	144.6	231.8	115.8	369.9	272.4	274.9	200.9	319.3	254.7	487.7
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	105.7	324.8	144.6	231.8	115.8	369.9	272.4	274.9	200.9	319.3	254.7	487.7
Cost of Goods Sold	86.6	310.4	125.9	214.0	95.2	347.9	254.1	255.5	175.4	299.6	234.4	467.6
Gross Profit	19.1	14.5	18.7	17.8	20.5	22.0	18.3	19.4	25.4	19.7	20.3	20.0
Financial Income	0.8	0.7	0.6	1.0	0.8	1.3	1.0	1.1	1.0	1.3	1.3	5.5
Financial Expenses	8.7	9.3	10.2	10.1	10.3	10.5	10.2	10.7	10.6	10.9	12.6	15.0
Interest Expense	8.7	9.3	10.2	10.1	10.3	10.5	10.4	10.6	10.7	11.0	12.9	15.0
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
General and Administrative Expenses	12.0	7.8	9.1	11.0	10.4	10.3	8.4	9.4	14.7	8.8	12.7	6.7
Operating Profit	-0.7	-1.9	-0.0	-2.3	0.6	2.5	0.8	0.4	1.1	1.2	-3.7	3.8
Other Income	0.9	3.3	2.7	5.3	—	0.7	2.4	2.6	0.0	3.2	7.6	0.0
Other Expenses	0.0	0.3	0.0	0.1	0.0	0.8	0.0	0.8	0.1	0.4	0.0	0.0
Other Profit	0.9	3.0	2.7	5.2	-0.0	-0.1	2.4	1.9	-0.1	2.8	7.6	-0.0
Profit Before Tax	0.2	1.0	2.7	2.8	0.6	2.4	3.2	2.3	1.0	4.0	3.9	3.7
Current Income Tax Expense	0.1	0.6	1.4	2.5	0.1	2.5	0.6	2.1	0.2	5.3	0.8	0.6
Deferred Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	0.2	0.4	1.3	0.4	0.5	-0.1	2.7	0.1	0.8	-1.4	3.1	3.1
Non-controlling Interest	-0.0	0.0	0.0	0.0	0.2	-0.0	0.0	0.0	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	0.2	0.4	1.3	0.4	0.4	-0.1	2.7	0.1	0.8	-1.4	3.1	3.1
Earnings per Share	6.00	15.00	49.00	14.00	14.00	-3.00	103.00	5.00	32.00	-58.00	142.00	145.00
Diluted EPS	5.67	14.78	48.82	13.89	14.19	-3.44	102.66	5.34	32.25	-57.60	142.18	144.64

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)	878.2	939.7	947.9	986.3	1,058.6	1,168.2	1,036.0	1,160.4	1,115.1	1,195.7	1,222.4	1,293.3
I. Cash and cash equivalents	47.1	113.1	66.4	92.5	94.7	105.0	67.8	75.3	77.8	26.6	49.3	59.4
1. Cash	4.0	66.0	3.3	29.4	31.6	69.0	31.0	43.3	45.8	26.6	49.3	33.4
2. Cash equivalents	43.1	47.1	63.1	63.1	63.1	36.0	36.8	32.0	32.0	0.0	0.0	26.0
II. Short-term financial investments	20.0	16.0	16.0	16.0	16.0	41.0	45.0	65.0	41.0	73.0	73.0	81.0
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	20.0	16.0	16.0	16.0	16.0	41.0	45.0	65.0	41.0	73.0	73.0	81.0
III. Short-term receivables	553.3	539.1	532.2	552.9	568.5	693.6	596.4	642.8	702.7	769.8	795.1	814.3
1. Short-term trade accounts receivable	281.6	322.1	276.0	312.3	288.5	395.5	281.2	363.1	381.0	414.7	398.0	409.2
2. Short-term prepayments to suppliers	161.8	118.3	126.9	119.3	107.5	107.7	124.7	106.0	168.3	210.1	228.2	246.8
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	—	—	—	—	20.8	21.8	20.3	0.3	0.3	1.5	1.5	4.0
6. Other short-term receivables	155.6	131.6	162.8	155.5	186.3	203.9	205.5	210.5	190.4	180.8	205.5	192.5
7. Provision for short-term doubtful debts (*)	-45.7	-32.8	-33.4	-34.2	-34.6	-35.3	-35.3	-37.1	-37.3	-37.4	-38.2	-38.2
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	257.7	271.1	333.1	323.8	377.7	328.2	326.7	377.2	293.6	326.1	304.6	337.8
1. Inventories	257.7	271.1	333.1	323.8	377.7	328.2	326.7	377.2	293.6	326.1	304.6	337.8
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	0.1	0.3	0.2	1.2	1.7	0.5	0.1	0.1	0.1	0.1	0.3	0.8
1. Short-term prepayments	0.0	0.3	0.2	1.2	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1
2. Value added tax to be reclaimed	0.0	0.0	0.0	0.0	1.6	0.3	0.0	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	0.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.2	0.7
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)	264.5	268.6	281.3	286.2	289.6	237.1	244.8	245.7	244.2	249.0	244.3	253.4
I. Long-term receivables	7.5	3.4	3.4	3.4	3.4	3.4	4.9	4.9	4.9	3.4	7.1	7.2
1. Long-term trade receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	1.6	1.6
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	1.5	1.5	1.5	0.0	2.2	2.2
6. Other long-term receivables	7.5	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4	3.4
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	154.1	158.8	166.0	172.9	180.1	187.1	194.5	202.6	210.0	202.8	195.6	203.4
1. Tangible fixed assets	123.7	127.7	134.1	140.2	146.7	153.0	159.6	167.0	173.6	165.7	161.4	168.6
- Cost	505.3	—	—	—	—	577.2	578.7	588.2	599.5	584.8	582.1	602.8
- Accumulated depreciation	-381.6	—	—	—	—	-424.2	-419.0	-421.2	-425.9	-419.1	-420.6	-434.3
2. Financial leased fixed assets	26.9	27.6	28.3	29.0	29.8	30.5	31.2	31.9	32.7	33.4	34.1	34.9
- Cost	37.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-10.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	3.5	3.6	3.6	3.6	3.6	3.6	3.6	3.7	3.7	3.7	0.0	0.0
- Cost	3.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-0.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	18.5	18.5	25.2	25.1	21.7	25.1	21.7	3.8	0.0	1.0	0.0	0.0
- Cost	20.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-2.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	9.0	9.0	11.1	10.2	9.0	9.0	9.0	17.6	9.0	9.0	21.9	22.2
1. Long-term production in progress	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	10.2
2. Construction in progress	—	—	2.1	1.2	—	0.0	0.0	8.6	0.0	0.0	12.9	12.0
V. Long-term financial investments	68.5	68.6	68.4	66.7	66.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	66.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Investments in other entities	8.0	74.0	73.8	72.1	72.1	6.1	6.1	6.1	6.1	6.1	6.1	6.1
4. Provision for diminution in value of long-term investments	-5.5	-5.4	-5.4	-5.4	-5.4	-5.4	-5.4	-5.4	-5.4	-5.4	-5.4	-5.4
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	6.9	10.3	7.3	7.9	8.7	11.9	14.1	16.2	19.6	32.1	19.0	19.9
1. Long-term prepayments	6.9	10.3	7.3	7.9	8.7	11.9	14.1	16.2	19.6	32.1	19.0	19.9
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)	1,142.7	1,208.3	1,229.2	1,272.5	1,348.2	1,405.3	1,280.8	1,406.2	1,359.3	1,444.7	1,466.7	1,546.7
A. LIABILITIES (300=210+330)	795.3	848.8	870.2	914.8	990.7	1,048.5	923.9	1,051.7	1,005.1	1,090.8	1,111.5	1,194.7
I. Short -term liabilities	753.9	806.2	826.1	875.3	971.8	1,031.3	900.9	1,020.6	969.8	1,056.1	1,069.4	1,146.3
1. Short-term trade accounts payable	104.8	113.9	114.7	138.6	147.3	248.5	176.1	218.1	203.0	260.8	214.3	269.4
2. Short-term advances from customers	126.4	147.9	146.6	163.4	159.4	182.1	156.1	196.8	195.4	207.2	303.2	239.4
3. Dividends and profits payable	0.7	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	3.7	6.9	8.6	6.9	1.3	4.0	2.9	1.4	6.2	8.9	8.4	3.6
4. Payable to employees	5.7	5.8	5.1	5.3	6.1	6.4	5.5	7.0	7.8	7.9	7.7	8.8
5. Short-term acrrued expenses	10.9	17.7	4.5	8.6	20.0	27.1	4.4	29.0	4.0	43.7	3.7	25.9
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	1.6	1.8	2.1	1.8	1.5	2.2	1.8	2.1	1.5	2.1	1.6	2.0
9. Other short-term payables	8.2	5.6	12.4	9.5	43.2	11.2	9.9	9.0	9.7	10.6	9.8	11.3
10. Short-term borrowings and financial leases	491.8	506.5	532.2	541.3	593.2	549.9	544.1	557.2	542.2	515.0	520.6	585.8
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	0.0	0.0	0.0	0.0	0.0	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	41.4	42.7	44.2	39.5	18.9	17.2	22.9	31.1	35.3	34.6	42.0	48.5
1. Long-term trade payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	—	2.1	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	2.7	2.9	—	2.1	2.3	2.1	1.8	1.7	1.8	1.7	1.7	1.5
8. Long-term borrowings and financial leases	38.8	39.8	42.1	37.4	16.6	15.1	21.1	29.3	33.5	32.9	40.3	46.9
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	347.4	359.4	359.0	357.7	357.5	356.9	357.0	354.5	354.2	353.9	355.2	351.9
I. Owner's equity	347.4	359.4	359.0	357.7	357.5	356.9	357.0	354.5	354.2	353.9	355.2	351.9
1. Owner's capital	287.5	287.5	261.3	261.3	261.3	261.3	261.3	237.6	237.6	237.6	216.0	216.0
- Common stock with voting right	287,470,170,000.00	287,470,170,000.00	261,341,320,000.00	261,341,320,000.00	261,341,320,000.00	261,341,320,000.00	261,341,320,000.00	237,589,510,000.00	237,589,510,000.00	237,589,510,000.00	215,995,830,000.00	215,995,830,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0
3. Convertible bond option	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	24.7	24.7	50.8	50.8	50.8	50.8	50.8	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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	5.1	17.2	16.8	15.5	15.3	14.7	14.7	86.9	86.6	86.3	109.2	105.9
- Accumulated retained earning at the end of the previous period	5.0	—	—	15.5	—	0.0	0.0	0.0	86.6	86.3	109.2	105.9
- Undistributed earnings in this period	0.2	—	—	—	—	0.0	0.0	86.9	0.0	0.0	0.0	0.0
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	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)	1,142.7	1,208.3	1,229.2	1,272.5	1,348.2	1,405.3	1,280.8	1,406.2	1,359.3	1,444.7	1,466.7	1,546.7

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	0.2	-12.9	2.7	2.8	0.6	2.4	3.2	2.3	1.0	3.4	4.3	3.3
Depreciation of Fixed Assets and Investment Property	5.9	9.2	4.6	7.7	6.2	6.6	5.1	7.5	7.4	7.5	7.9	8.5
Provision (Increase)/Reversal	—	12.3	-0.7	-0.4	-0.7	-0.3	-1.8	-0.0	-0.3	-0.9	-0.2	-0.1
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-0.9	-7.8	—	-6.8	—	-0.8	-0.5	-4.4	0.0	-19.5	6.5	-6.5
Interest Expense	8.7	9.3	10.2	10.1	10.3	10.5	10.4	10.6	10.7	11.4	12.4	14.9
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	13.9	3.3	23.5	13.5	16.4	18.4	16.5	15.9	18.8	1.9	30.9	20.2
Increase/(Decrease) in Receivables	-54.5	2.7	48.0	-8.9	127.9	-97.4	54.3	53.9	78.8	14.6	17.4	-21.7
Increase/(Decrease) in Inventory	13.4	61.9	-9.3	53.9	-49.7	-1.4	50.5	-83.6	32.0	-21.0	34.3	133.4
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-14.7	-65.8	1.9	-96.8	-47.5	123.6	-106.9	38.1	-119.7	19.7	-28.4	-83.3
Increase/(Decrease) in Prepaid Expenses	0.6	-0.0	1.6	-0.3	3.2	2.2	1.9	3.5	1.2	-0.3	-0.5	7.0
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-8.7	-9.2	-10.2	-10.3	-10.2	-10.3	-10.4	-10.7	-10.8	-11.3	-12.5	-38.0
Corporate Income Tax Paid	—	0.0	0.0	-2.7	-2.6	0.0	0.0	-3.3	-3.6	0.0	-0.4	-1.4
Other Operating Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	-50.0	-7.2	55.5	-51.6	37.5	35.0	5.9	13.8	-3.3	3.6	40.8	16.1
Payments for Fixed Assets and Other Long-term Assets	—	-2.1	0.0	-1.3	—	0.0	0.0	-8.1	-3.4	-17.0	2.2	-4.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	2.3	3.5	3.4	5.7	—	0.9	3.6	2.5	0.0	2.7	8.7	0.0
Loans and Purchases of Debt Instruments	—	-10.2	—	—	—	0.0	0.0	-20.0	0.0	-0.0	0.0	-0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	6.2	—	46.8	—	0.0	0.0	2.0	0.0	38.5	0.0	0.0
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	-0.1	0.1	11.0
Dividends and Interest Income Received	1.2	1.9	-0.9	2.0	0.7	1.6	0.2	0.6	1.1	2.7	2.0	0.2
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	3.5	45.9	-46.1	53.2	-65.3	2.5	3.8	-23.1	-2.3	26.9	13.0	6.5
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	110.9	503.3	—	205.4	257.2	211.4	260.2	239.7	224.1	207.3	215.1	226.0
Repayment of Borrowings	-124.8	-283.7	-246.8	-234.4	-210.3	-209.5	-278.1	-226.7	-194.3	-229.4	-280.9	-202.4
Repayment of Finance Leases	-1.7	-2.1	-2.1	-2.1	-2.1	-2.1	-3.4	-2.1	-2.1	-2.1	-2.1	-4.0
Dividends Paid	-0.0	-0.0	-0.0	0.1	-0.1	-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	-15.7	-33.2	1.7	-31.1	44.7	-0.2	-21.3	10.9	27.7	-24.1	-68.0	19.7
Net Cash Flow During the Period	-62.2	5.6	11.1	-29.4	16.9	37.2	-11.6	1.6	22.1	6.3	-14.1	42.2
Cash and Cash Equivalents at Beginning of Period	109.2	66.4	92.5	94.7	77.8	55.6	55.6	55.6	55.6	69.6	69.6	69.6
FX Difference from Revaluation	—	-0.0	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	47.1	109.2	66.4	92.5	94.7	105.0	67.8	79.3	77.8	55.6	49.3	63.4

Explore Other Stocks In The Same Sector

VCG, SJG, PC1, LLM, CTD, DPG, SCG, L40, HBC, CC1, DSH, L18, DC4, LHC, ICN, SJE, LCG, S55, HMS, TED, CIG, TCD, S99, PVV, FCN, C4G, DCF, HAN, TTL, HEC, SDT, C47, ACC, GTS, CCC, HVH, SC5, L10, VSI, VC6, CHS, PQN, LIG, CMS, TSA, TA9, G36, XMC, VIW, SRF, SD5, MST, PHC, BMK, DLR, VCC, ICG, HTN, VC2, DIH, DRH, LM8, CDC, ALV, PPS, PXS, HC1, V12, DC1, XLV, GH3, HFB, SD2, VC1, DC2, NDX, CT6, CH5, HU1, VE1, L12, E29, SJM, QTC, VE9, TV6, VSE, LMI, RCC, HTE, PXT, C92, PEN, PTD, CID, PVX, TA6, CDR, RCD, QCC, SCI, TL4, CDO, L63, PTO, VC9, TEL, LG9, CX8, CT3, PXI, CI5, TS3, ICI, MES, LM3, ACS, LCD, H11, VE4, VE3, CIP, MCO, PVA, S12, SDP, L35, VCE, SD7, VE2, CLG, LUT, HU3, HAS, LO5, L43, SD4, TST, VW3, E12, L45, PVH, MCG, SDD, LCS, VXB, VE8, LM7, MEC, UDC, SD6, L61, SHG, L62, VVN, TKC, DFF, C12, L44, NTB, S96, SD8, SDB, TNM, VC5

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

VMC

What Is Changing

Drivers of VMC'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