ATG

ATG Planet ·UPCOM ·2025Q4

▲▲ Improving positively

Leverage pressure is easing Debt/equity 4.58x, −1.37x YoY

Price

7,400

Latest close

29 May 2026

P/E 1.49x

P/B 12.72x

EPS 4,963

BVPS 582

ROE 750.0%

ROA 25.6%

Profit Margin -4.9%

Asset Turnover 1.28x

Equity Mult. 9.86x

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

What Is Changing

On a TTM 2025Q4 basis, ATG is improving on both revenue and margins, suggesting current growth is backed by both scale and operating efficiency — profit is at an all-time high. The next test will be whether this pace holds as the comparison base gets tougher.

	                            
	                                TTM REVENUE
	                            
	                                    VND 67bn
	                                
+91.9%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 36bn
	                                
+4784.5%YoY

Metric	2025	2024	2023	2022	2020
Revenue	55.8	13.5	59.6	5.4	0.0
Growth	+313%	-77%	+1005%	+7286740441%	—
Net Income	35.4	0.3	-0.2	-123.4	-2.3
Net Margin	63.51%	2.39%	-0.37%	-2287.86%	-3153659575.68%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	4.7	53.6	3.6	—	5.1	5.2	2.5	2.8	24.5	15.6	16.7	5.4
Growth	-91%	+1382%	—	—	-1%	+111%	-13%	-88%	+57%	-6%	+209%	—
Net Income	5.4	29.7	1.1	-0.7	-0.4	1.1	0.5	-2.0	1.0	0.7	0.0	-100.9
Net Margin	114.42%	55.46%	29.31%	—	-7.38%	20.94%	21.45%	-70.27%	4.26%	4.67%	0.09%	-1871.04%

Drivers of ATG's profit

TTM

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

Financial income ↑ 6.7bn

TTM

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

Financial income ↑ 6.7bn

Financial Highlights

Detailed analysis of each financial dimension

Is the profit sustainable?

Margins are broadly flat — earnings quality is the factor to watch.

very positive positive stable watch under pressure

What is driving the margin?

Track net margin changes and the operating components against the same period last year.

Profitability trend

Net Margin 63.51% +55.1pp

Gross Margin — —

SG&A / Revenue — —

TTM YoY · 2024Q3 -> 2025Q4

Is capital being used efficiently?

Evaluate capital, asset, and working-capital efficiency.

Balance Sheet

Leverage is very high, with clear pressure on the capital structure — liabilities at 29.22x equity, net debt at 4.58x equity.

Over the last 12 months, working capital released 57.7bn of cash, mainly thanks to lower inventories and higher payables. Pressure from higher receivables only partly offset that benefit.

Working Capital Drivers

Receivables increased → lower CFO: −7.4bn

Inventories decreased → higher CFO: +3.1bn

Payables increased → higher CFO: +62.1bn

Working Capital Efficiency

Track receivable, inventory, and payable turns to judge working-capital efficiency.

Track DSO, DIO, DPO components to evaluate working capital turnover efficiency.

Working Capital Efficiency

Receivables — —

Inventory — —

Payables — —

Cash Conversion Cycle — —

Is financial risk significant?

Check leverage, liquidity, and cash-flow conversion.

Leverage & Liquidity

Track net leverage, interest coverage, and the liquidity buffer on the balance sheet.

At present, short-term debt accounts for 98.8% of total debt, cash equals 0.9% of debt, and total debt stands at 40.9bn.

Watchpoints

Net leverage is elevated

Net debt / equity stands at 4.58x, increasing balance-sheet pressure.

Short-term refinancing pressure is meaningful

Short-term debt accounts for 98.8% of total debt, raising near-term refinancing needs.

Leverage and liquidity trend

Net Debt / Equity 4.58x −1.37x

Interest Coverage — —

Cash / Debt 0.9% −7.6pp

Short-term Debt / Total Debt 98.8% −1.2pp

CFO / NI 4.33x +0.41x

TTM YoY · 2024Q3 -> 2025Q4

Cash Flow

Leverage needs watching — cash flow below shows the ability to service debt from operations. Operating cash flow reached 154.9bn in 2025, against investing cash flow of -161.7bn.

Post-investment cash flow was negative +6.8bn. Financing cash flow was positive +6.9bn.

CFO / net income was 4.33x.

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 153.8bn +156.8bn

Cash Capex — —

FCF TTM — —

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 leverage pressure is easing, with net debt/equity down to 4.58x. The next item to monitor is the earnings mix, when non-core contribution is 17.9%. The main risk still sits in leverage and liquidity, with interest coverage at 0.01x.

Improvement: leverage pressure is easing, with net debt / equity down 1.37x to 4.58x while interest coverage holds at None.

Watchpoint: cash flow is currently keeping pace with accounting earnings, with CFO / net income at 4.33x. Even so, net financial result still accounts for 17.9% of PBT, so the earnings mix still needs monitoring.

Key risk: leverage and liquidity still require discipline, with interest coverage only at 0.01x.

Statement Data

Item	2025	2024	2023	2022	2020
Revenue	55.8	13.5	59.6	5.4	0.0
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	55.8	13.5	59.6	5.4	0.0
Cost of Goods Sold	49.4	9.5	57.4	5.3	0.0
Gross Profit	6.4	4.0	2.2	0.1	0.0
Financial Income	6.7	0.0	0.0	0.0	0.0
Financial Expenses	—	0.3	0.2	0.0	-2.2
Interest Expense	—	0.3	0.2	0.0	-2.2
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	0.0
Selling Expenses	0.0	0.0	0.1	0.0	0.0
General and Administrative Expenses	2.9	3.7	1.8	16.7	-0.1
Operating Profit	10.2	0.0	0.2	-16.7	-2.3
Other Income	27.3	1.6	0.0	0.1	0.0
Other Expenses	0.0	1.0	0.3	106.8	0.0
Other Profit	27.2	0.6	-0.3	-106.7	-0.0
Profit Before Tax	37.4	0.6	-0.2	-123.4	-2.3
Current Income Tax Expense	2.0	0.3	0.0	0.0	0.0
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	35.4	0.3	-0.2	-123.4	-2.3
Non-controlling Interest	—	0.0	0.0	0.0	0.0
Profit Attributable to Parent	35.4	0.3	-0.2	-123.4	-2.3
Earnings per Share	2,987.00	21.00	-15.00	-8,106.00	-74.00
Diluted EPS	2,987.00	21.00	-15.00	-8,106.00	0.00

Item	2025	2024	2023	2022
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	56.4	8.5	44.3	5.8
I. Cash and cash equivalents	0.4	0.4	0.4	0.0
1. Cash	0.4	0.4	0.4	0.0
2. Cash equivalents	—	0.0	0.0	0.0
II. Short-term financial investments	—	0.0	0.0	0.0
1. Available for sale securities	—	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0
3. Held to maturity investments	—	0.0	0.0	0.0
III. Short-term receivables	26.9	4.2	42.2	5.8
1. Short-term trade accounts receivable	23.4	0.4	11.3	5.8
2. Short-term prepayments to suppliers	2.2	0.4	28.3	0.0
3. Short-term inter-company receivables	0.5	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0
5. Short-term loan receivables	—	0.0	0.0	0.0
6. Other short-term receivables	0.8	3.5	2.6	0.0
7. Provision for short-term doubtful debts (*)	—	0.0	0.0	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0
IV. Inventories	25.1	3.5	1.5	0.0
1. Inventories	25.1	3.5	1.5	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0
V. Other short-term assets	4.1	0.4	0.1	0.0
1. Short-term prepayments	3.8	0.2	0.0	0.0
2. Value added tax to be reclaimed	0.3	0.1	0.1	0.0
3. Taxes and other receivables from state authorities	—	0.0	0.0	0.0
4. Government bonds	—	0.0	0.0	0.0
5. Other short-term assets	—	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	211.1	0.0	0.0	0.0
I. Long-term receivables	—	0.0	0.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0
6. Other long-term receivables	—	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0
II. Fixed assets	0.0	0.0	0.0	0.0
1. Tangible 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
2. Financial leased fixed assets	—	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0
3. Intangible fixed assets	—	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0
III. Investment properties	—	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0
IV. Long-term assets in progress	—	0.0	0.0	0.0
1. Long-term production in progress	—	0.0	0.0	0.0
2. Construction in progress	—	0.0	0.0	0.0
V. Long-term financial investments	—	0.0	0.0	0.0
1. Investments in subsidiaries	—	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	0.0
3. Investments in other entities	—	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0
VI. Other long-term assets	211.1	0.0	0.0	0.0
1. Long-term prepayments	0.0	0.0	0.0	0.0
2. Deferred income tax assets	—	0.0	0.0	0.0
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0
4. Other long-term assets	211.1	0.0	0.0	0.0
5. Goodwill	—	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	267.5	8.6	44.3	5.8
A. LIABILITIES (300=210+330)	258.7	8.4	44.5	5.8
I. Short -term liabilities	206.4	7.2	44.5	5.8
1. Short-term trade accounts payable	6.8	0.3	11.5	5.8
2. Short-term advances from customers	59.8	0.7	2.4	0.0
3. Taxes and other payables to state authorities	2.9	0.9	0.6	0.0
4. Payable to employees	0.2	0.2	0.3	0.0
5. Short-term acrrued expenses	0.9	0.9	1.1	0.0
6. Short-term inter-company payables	0.8	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0
8. Short-term unearned revenue	—	0.0	0.0	0.0
9. Other short-term payables	94.6	0.5	0.1	0.0
10. Short-term borrowings and financial leases	40.4	3.5	28.4	0.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0
12.. Bonus and welfare fund	—	0.0	0.0	0.0
13. Price stabilization fund	—	0.0	0.0	0.0
14. Government bonds	—	0.0	0.0	0.0
II. Long-term liabilities	52.3	1.2	0.0	0.0
1. Long-term trade payables	—	0.0	0.0	0.0
2. Long-term advances from customers	51.8	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0
6. Long-term unearned revenue	—	0.0	0.0	0.0
7. Other long-term liabilities	—	0.0	0.0	0.0
8. Long-term borrowings and financial leases	0.5	1.2	0.0	0.0
9. Convertible bonds	—	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0
13. Fund for technology development	—	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	8.9	0.2	-0.2	0.1
I. Owner's equity	8.9	0.2	-0.2	0.1
1. Owner's capital	152.2	152.2	152.2	152.2
- Common stock with voting right	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00
- Preferred stock	—	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0
5. Treasury shares	—	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0
8. Investment and development fund	5.7	5.7	5.7	5.7
9. Fund to support corporate restructuring	—	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0
11. Undistributed earnings after tax	-149.0	-157.7	-158.0	-157.8
- Accumulated retained earning at the end of the previous period	-158.0	-158.0	-157.8	-34.4
- Undistributed earnings in this period	8.9	0.3	-0.2	-123.4
12. Reserves for investment in construction	—	0.0	0.0	0.0
13. Minority's interest	—	0.0	0.0	0.0
14. Financial reserves	—	0.0	0.0	0.0
II. Other resources and funds	—	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	267.5	8.6	44.3	5.8

Item	2025	2024	2023	2022
Profit Before Tax	7.9	0.6	-0.2	-123.4
Depreciation of Fixed Assets and Investment Property	0.0	0.0	0.0	-0.1
Provision (Increase)/Reversal	—	0.0	0.0	16.4
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0
Gain/Loss from Investment Activities	-4.7	-0.0	0.0	0.0
Interest Expense	—	0.3	0.2	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	3.2	0.9	-0.1	-107.1
Increase/(Decrease) in Receivables	-6.9	37.9	-36.5	112.4
Increase/(Decrease) in Inventory	1.7	-2.0	-1.5	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	63.2	-13.0	10.1	-6.2
Increase/(Decrease) in Prepaid Expenses	0.1	-0.2	-0.1	0.0
Changes in Trading Securities	—	0.0	0.0	0.0
Interest Paid	—	0.0	0.0	0.0
Corporate Income Tax Paid	-0.5	-0.0	0.0	0.0
Other Operating Receipts	94.0	0.0	0.0	0.0
Other Operating Payments	—	0.0	0.0	0.0
Net Cash Flow from Operating Activities	154.9	23.7	-28.0	-0.9
Payments for Fixed Assets and Other Long-term Assets	6.0	-0.0	0.0	0.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	0.0	0.0	0.0
Investments in Other Entities	-214.8	0.0	0.0	0.0
Proceeds from Investments in Other Entities	46.8	0.0	0.0	0.0
Dividends and Interest Income Received	0.2	0.0	0.0	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-161.7	-0.0	0.0	0.0
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00
Proceeds from Borrowings	7.0	11.1	28.9	0.0
Repayment of Borrowings	-0.2	-34.7	-0.5	0.0
Repayment of Finance Leases	—	0.0	0.0	0.0
Dividends Paid	—	0.0	0.0	0.0
Other Financing Receipts	—	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0
Net Cash Flow from Financing Activities	6.9	-23.6	28.4	0.0
Net Cash Flow During the Period	0.0	0.0	0.4	-0.9
Cash and Cash Equivalents at Beginning of Period	0.4	0.4	0.0	0.9
FX Difference from Revaluation	—	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	0.4	0.4	0.4	0.0

Item	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	4.7	53.6	3.6	—	5.1	5.2	2.5	2.8	24.5	15.6	16.7	5.4
Revenue Deductions	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	4.7	53.6	3.6	—	5.1	5.2	2.5	2.8	24.5	15.6	16.7	5.4
Cost of Goods Sold	3.5	50.3	1.7	—	4.6	3.1	0.9	3.5	23.0	14.4	16.5	5.3
Gross Profit	1.2	3.3	1.9	—	0.5	2.1	1.6	-0.6	1.5	1.1	0.1	0.1
Financial Income	6.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Financial Expenses	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Expense	—	—	—	—	0.0	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	0.0	0.0	0.0
Selling Expenses	—	0.0	—	—	0.0	0.0	0.0	-0.0	0.0	0.0	0.0	0.0
General and Administrative Expenses	0.6	0.8	0.8	0.7	0.9	1.0	0.9	1.0	0.5	0.2	0.1	63.7
Operating Profit	7.3	2.5	1.1	-0.7	-0.4	1.1	0.7	-1.7	1.0	0.9	0.0	-63.6
Other Income	—	27.3	—	—	0.0	0.0	0.0	-0.0	0.0	0.0	0.0	0.1
Other Expenses	0.0	0.0	0.0	—	0.0	0.0	0.0	0.3	0.0	0.0	0.0	37.4
Other Profit	-0.0	27.2	-0.0	—	0.0	-0.0	0.0	-0.3	0.0	-0.0	0.0	-37.3
Profit Before Tax	7.3	29.7	1.1	-0.7	-0.4	1.1	0.7	-2.0	1.0	0.9	0.0	-100.9
Current Income Tax Expense	1.9	—	—	—	0.0	0.0	0.2	0.0	0.0	0.2	0.0	0.0
Deferred Income Tax Expense	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	5.4	29.7	1.1	-0.7	-0.4	1.1	0.5	-2.0	1.0	0.7	0.0	-100.9
Non-controlling Interest	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	5.4	29.7	1.1	-0.7	-0.4	1.1	0.5	-2.0	1.0	0.7	0.0	-100.9
Earnings per Share	2,987.00	1,953.00	70.00	-46.98	-24.82	71.00	34.60	-131.00	69.00	48.00	1.00	-6,628.77
Diluted EPS	2,987.00	1,953.39	70.00	-46.98	-24.82	71.00	34.60	-131.00	69.00	48.00	1.00	-6,628.77

Item	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	56.4	56.8	55.8	47.3	10.0	11.6	41.1	17.2	14.3	20.7	21.1	10.8
I. Cash and cash equivalents	0.4	0.3	1.1	0.3	0.3	0.9	1.9	1.1	0.3	1.2	0.2	0.0
1. Cash	0.4	0.3	1.1	0.3	0.3	0.9	1.9	1.1	0.3	1.2	0.2	0.0
2. Cash equivalents	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Available for sale securities	—	—	—	—	0.0	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	0.0
3. Held to maturity investments	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	26.9	20.4	17.4	14.4	5.9	5.6	35.5	14.9	13.8	13.3	7.2	10.8
1. Short-term trade accounts receivable	23.4	11.9	3.6	0.1	1.5	0.6	0.4	11.6	12.9	12.3	7.2	5.8
2. Short-term prepayments to suppliers	2.2	2.2	10.9	11.1	1.0	4.4	34.7	0.7	0.3	0.3	0.0	0.0
3. Short-term inter-company receivables	0.5	0.5	—	—	0.0	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	0.0
5. Short-term loan receivables	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	0.8	2.9	2.9	3.3	3.4	0.6	0.5	2.6	0.6	0.7	0.0	5.0
7. Provision for short-term doubtful debts (*)	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Assets awaiting resolution	—	3.0	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	25.1	25.8	33.0	32.3	3.1	4.4	3.5	1.1	0.1	5.7	12.5	0.0
1. Inventories	25.1	25.8	33.0	32.3	3.1	4.4	3.5	1.1	0.1	5.7	12.5	0.0
2. Provision for decline in value of inventories	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	4.1	10.3	4.2	0.3	0.7	0.6	0.2	0.1	0.1	0.6	1.2	0.0
1. Short-term prepayments	3.8	3.8	3.8	0.2	0.6	0.6	0.1	0.0	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	0.3	0.0	0.5	0.1	0.1	0.0	0.1	0.1	0.1	0.5	1.2	0.0
3. Taxes and other receivables from state authorities	—	0.2	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Government bonds	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	6.3	—	—	0.0	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)	211.1	36.7	11.4	11.4	0.0	0.0	0.0	27.6	0.0	0.0	0.0	0.9
I. Long-term receivables	—	—	—	—	0.0	0.0	0.0	27.6	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	0.0	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	0.0
4. Long-term inter-company receivables	—	—	—	—	0.0	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	0.0
6. Other long-term receivables	—	—	—	—	0.0	0.0	0.0	27.6	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.9
1. Tangible fixed assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.9
- Cost	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	4.0
- Accumulated depreciation	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-3.1
2. Financial leased fixed assets	—	—	—	—	0.0	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	0.0
- Accumulated depreciation	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	—	—	—	—	0.0	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	0.0
- Accumulated depreciation	—	—	—	—	0.0	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	0.0
- Cost	—	—	—	—	0.0	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	0.0
IV. Long-term assets in progress	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term production in progress	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Long-term financial investments	—	25.3	11.4	11.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	—	—	—	—	0.0	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	0.0	0.0
3. Investments in other entities	—	25.3	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	—	11.4	11.4	0.0	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	0.0
VI. Other long-term assets	211.1	11.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term prepayments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Deferred income tax assets	—	—	—	—	0.0	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	0.0
4. Other long-term assets	211.1	11.4	—	—	0.0	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	0.0
VII. Goodwill (before 2015)	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	267.5	93.6	67.3	58.8	10.1	11.6	41.1	44.8	14.3	20.7	21.1	11.7
A. LIABILITIES (300=210+330)	258.7	62.9	66.8	59.3	9.5	10.6	40.7	44.8	12.4	19.9	21.0	5.8
I. Short -term liabilities	206.4	3.8	66.3	58.8	9.5	10.6	40.7	44.7	12.4	19.9	21.0	5.8
1. Short-term trade accounts payable	6.8	-0.7	4.3	0.4	1.7	1.4	1.5	12.7	10.7	12.5	21.0	5.8
2. Short-term advances from customers	59.8	1.0	52.8	52.8	1.8	3.5	29.0	2.7	0.1	6.1	0.0	0.0
3. Taxes and other payables to state authorities	2.9	0.8	0.6	0.9	0.8	0.8	0.6	0.3	0.4	0.3	0.0	0.0
4. Payable to employees	0.2	0.4	0.2	0.2	0.1	0.2	0.3	0.1	0.2	0.2	0.0	0.0
5. Short-term acrrued expenses	0.9	0.9	0.9	0.9	0.5	0.9	0.6	0.5	0.0	0.0	0.0	0.0
6. Short-term inter-company payables	0.8	—	—	—	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	0.0
8. Short-term unearned revenue	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	94.6	0.6	0.5	0.5	0.5	0.3	0.0	0.1	0.9	0.9	0.0	0.0
10. Short-term borrowings and financial leases	40.4	0.8	7.0	3.2	4.0	3.4	8.8	28.4	0.0	0.0	0.0	0.0
11. Provision for short-term liabilities	—	—	—	—	0.0	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
13. Price stabilization fund	—	—	—	—	0.0	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	0.0
II. Long-term liabilities	52.3	59.1	0.5	0.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term trade payables	—	51.8	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	51.8	—	—	—	0.0	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	0.0
4. Inter-company payables on business capital	—	—	—	—	0.0	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	0.0
6. Long-term unearned revenue	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	0.5	7.3	0.5	0.5	0.0	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	0.0
10. Preferred stock (Debts)	—	—	—	—	0.00	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	0.0
12. Provision for long-term liabilities	—	—	—	—	0.0	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	0.0
14. Provision for severance allowances	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	8.9	30.6	0.5	-0.6	0.6	1.0	0.4	0.0	1.9	0.8	0.1	5.9
I. Owner's equity	8.9	30.6	0.5	-0.6	0.6	1.0	0.4	0.0	1.9	0.8	0.1	5.9
1. Owner's capital	152.2	152.2	152.2	152.2	152.2	152.2	152.2	152.2	152.2	152.2	152.2	152.2
- Common stock with voting right	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00	152,200,000,000.00
- Preferred stock	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	—	—	—	—	0.0	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	0.0
5. Treasury shares	—	—	—	—	0.00	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	0.0
7. Foreign exchange differences	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	5.7	5.7	5.7	5.7	5.7	5.7	5.7	5.7	5.7	5.7	5.7	5.7
9. Fund to support corporate restructuring	—	—	—	—	0.0	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	0.0
11. Undistributed earnings after tax	-149.0	-127.2	-157.4	-158.4	-157.3	-156.9	-157.5	-157.8	-156.0	-157.1	-157.8	-152.0
- Accumulated retained earning at the end of the previous period	-158.0	-127.8	-158.4	-157.9	-157.0	-158.0	-158.0	-157.8	-157.8	-157.8	-157.8	-34.4
- Undistributed earnings in this period	8.9	0.5	1.0	-0.6	-0.2	1.2	0.5	-0.0	1.8	0.7	0.0	-117.5
12. Reserves for investment in construction	—	—	—	—	0.0	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
14. Financial reserves	—	—	—	—	0.0	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	0.0
1. Subsidized not-for-profit funds	—	—	—	—	0.0	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	0.0
C. MINORITY'S INTEREST	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	267.5	93.6	67.3	58.8	10.1	11.6	41.1	44.8	14.3	20.7	21.1	11.7

Item	Q4'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Profit Before Tax	7.6	1.1	-0.7	-0.6	0.9	0.5	-1.8	1.2	0.6	0.0	-106.7	-16.6
Depreciation of Fixed Assets and Investment Property	0.0	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.2	0.1
Provision (Increase)/Reversal	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	16.4
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-4.7	-0.0	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Expense	—	—	—	-0.2	0.2	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	0.0	0.0
Interest Income and Dividends	—	—	—	0.0	0.0	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	0.0	0.0
Other Adjustments	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	2.9	1.1	-0.7	-0.8	1.1	0.5	-1.8	1.2	0.6	0.0	-107.0	-0.1
Increase/(Decrease) in Receivables	3.1	0.2	-10.2	-0.5	29.9	6.9	-28.7	-0.4	-5.1	-2.7	113.0	-55.3
Increase/(Decrease) in Inventory	31.3	-0.7	-28.9	1.3	-0.5	-2.4	-1.0	5.6	6.8	-12.5	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	10.7	0.4	52.0	-1.1	-25.6	16.1	4.0	-7.3	-1.3	15.3	-6.2	-3.0
Increase/(Decrease) in Prepaid Expenses	3.6	-3.6	0.1	0.0	-0.5	-0.0	-0.0	-0.0	-0.0	0.0	0.0	0.0
Changes in Trading Securities	—	—	—	0.0	0.0	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	0.0	3.0
Corporate Income Tax Paid	-0.2	-0.3	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Receipts	—	—	—	0.0	0.0	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	0.0	0.0
Net Cash Flow from Operating Activities	145.5	-2.9	12.3	-1.1	4.4	21.1	-27.5	-1.0	1.0	0.2	-0.2	-55.4
Payments for Fixed Assets and Other Long-term Assets	6.0	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	-0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Investments in Other Entities	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	84.7
Proceeds from Investments in Other Entities	46.8	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-30.0
Dividends and Interest Income Received	0.2	0.0	—	-0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Term Deposits	—	—	—	0.0	0.0	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	0.0	0.0
Other Investing Receipts	—	—	—	0.0	0.0	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	0.0	0.0
Net Cash Flow from Investing Activities	-150.3	0.0	-11.4	-0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	54.7
Proceeds from Equity Issuance and Capital Contributions	—	—	—	0.00	0.00	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	0.00	0.00
Proceeds from Borrowings	3.0	5.1	-1.1	-33.9	29.1	-19.6	28.4	0.0	0.0	0.0	0.0	-20.0
Repayment of Borrowings	1.2	-1.3	—	34.5	-34.5	0.0	0.0	0.0	0.0	0.0	0.0	20.0
Repayment of Finance Leases	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Receipts	—	—	—	0.0	0.0	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	0.0	0.0
Net Cash Flow from Financing Activities	4.1	3.8	-1.1	0.6	-5.3	-19.6	28.4	0.0	0.0	0.0	0.0	0.0
Net Cash Flow During the Period	-0.7	0.9	-0.2	-0.6	-0.9	1.5	0.9	-0.9	1.0	0.2	-0.2	-0.7
Cash and Cash Equivalents at Beginning of Period	0.4	0.3	0.4	0.4	0.4	0.4	0.0	0.0	0.0	0.0	0.9	0.9
FX Difference from Revaluation	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	0.4	1.1	0.3	0.3	0.9	1.9	1.1	0.3	1.2	0.2	0.0	0.2

Explore Other Stocks In The Same Sector

KSV, HGM, CKD, TMG, BKC, BMC, MSR, KCB, BVG, LCM, SSM, ACM

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

ATG

What Is Changing

Drivers of ATG's profit

Financial Highlights

Is the profit sustainable?

What is driving the margin? ●

Is capital being used efficiently?

Balance Sheet ▼▼

Working Capital Efficiency ●

Is financial risk significant?

Leverage & Liquidity ▼▼

Cash Flow ●

Investment Takeaway

Statement Data

What is driving the margin?

Balance Sheet

Working Capital Efficiency

Leverage & Liquidity

Cash Flow