CST

Than Cao Sơn - TKV ·HNX ·2026Q1

▲ Slightly positive

Earnings conversion is confirmed CFO/NPAT 5.40x

Price

12,100

Latest close

02 Jun 2026

P/E 6.40x

P/B 0.50x

EPS 1,891

BVPS 24,244

ROE 7.6%

ROA 2.9%

Profit Margin 1.0%

Asset Turnover 3.04x

Equity Mult. 2.63x

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

What Is Changing

On a TTM 2026Q1 basis, CST has not moved the needle on revenue, but profitability has edged up slightly — profit is at an all-time high. What remains unclear is whether this improvement can widen without revenue momentum to back it.

	                            
	                                TTM REVENUE
	                            
	                                    VND 8,491bn
	                                
−4.2%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 81bn
	                                
+38.5%YoY

Metric	2025	2024	2023	2022	2021
Revenue	8,498.6	9,448.1	7,905.7	10,388.8	8,698.2
Growth	-10%	+20%	-24%	+19%	—
Net Income	82.7	130.0	280.5	358.3	106.6
Net Margin	0.97%	1.38%	3.55%	3.45%	1.23%

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	2,312.4	1,870.7	1,987.5	2,320.3	2,360.5	2,100.1	1,782.5	2,618.6	2,964.2	1,561.9	2,139.9	1,789.8
Growth	+24%	-6%	-14%	-2%	+12%	+18%	-32%	-12%	+90%	-27%	+20%	—
Net Income	10.6	59.8	-4.9	15.6	12.7	6.7	-42.8	81.9	94.0	179.9	31.0	-4.3
Net Margin	0.46%	3.19%	-0.25%	0.67%	0.54%	0.32%	-2.40%	3.13%	3.17%	11.52%	1.45%	-0.24%

Drivers of CST's profit

TTM

Net profit attributable to parent increased vs last year, mainly helped by lower administrative expenses. Supporting and offsetting drivers:

Administrative expenses ↓ 143.7bn

Gross profit ↓ 82.8bn

Other profit ↓ 26.7bn

Finance costs ↑ 7.9bn

Tax ↑ 5.7bn

TTM

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

Administrative expenses ↓ 33.9bn

Other profit ↑ 6.1bn

Tax ↓ 0.6bn

Gross profit ↓ 42.2bn

Finance costs ↑ 0.8bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 5.1% = 0.7% × 2.97 × 2.62

2026Q1 7.6% = 1.0% × 3.04 × 2.63

ROE rose from 5.1% to 7.6% — all three components improved, with asset turnover contributing the most.

Net margin: 1.0% +0.3pp Asset turnover: 3.04x +0.07x Leverage: 2.63x +0.01x

Is the profit sustainable?

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

very positive positive stable watch under pressure

What is driving the margin?

Net margin stands at 0.95%, 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 0.95% +0.3pp

Gross Margin 3.79% −0.8pp

SG&A / Revenue 2.38% −1.5pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Capital is being used more efficiently — ROIC rose and cash cycle shortened to 44.2 days.

Is capital being deployed efficiently?

ROIC expanded to 5.11%, rising 3.0pp. That translates to 5.11 in after-tax operating profit for every 100 units of operating capital. The main driver is NOPAT margin rose 0.5pp, with capital turnover fell 0.18x; with invested capital holding roughly steady.

NOPAT margin led the improvement, but the ROIC level has not yet cleared typical cost of capital — margin needs to hold in coming periods rather than being a one-period rebound.

CAPITAL EFFICIENCY TREND

ROIC 5.11% +3.0pp

NOPAT Margin 0.89% +0.5pp

Capital Turnover 5.78x −0.18x

Average Invested Capital 1,470.1bn −17.3bn

Balance Sheet

ROIC is improving — the asset structure below shows how capital is being allocated. Capital structure is conservative with low leverage — liabilities at 1.43x equity, net debt at 0.44x equity.

Inventory ended the period at 692.7bn, roughly 27.8% of total assets.

Over the last 12 months, working capital absorbed 66.1bn of cash, mainly because of higher inventories. Part of that drag was offset by lower receivables and higher payables.

Working Capital Drivers

Receivables decreased → higher CFO: +315.2bn

Inventories increased → lower CFO: −416.5bn

Payables increased → higher CFO: +35.2bn

Working Capital Efficiency

Working capital is being managed more efficiently, supporting overall capital efficiency. Cash conversion cycle improved by 11.2 days versus the same period last year. The main moves came from DIO rose 10.1 days, DSO fell 19.4 days, and DPO rose 1.9 days.

Improvement comes mainly from faster receivables collection — reflects the quality of receivables management.

Watchpoints

Inventory turnover is slowing

DIO increased by +10.1 days, suggesting more capital is being tied up in inventories.

Working Capital Efficiency

Receivables 44.7 days −19.4 days

Inventory 21.6 days +10.1 days

Payables 22.0 days +1.9 days

Cash Conversion Cycle 44.2 days −11.2 days

Is financial risk significant?

Financial risk is low — leverage is safe, both CFO and FCF are positive.

Leverage & Liquidity

Leverage is balanced for now, with net debt / equity at 0.44x and interest coverage at 3.03x.

At present, cash equals 1.0% of debt and total debt stands at 379.5bn.

Watchpoints

Cash buffer is thin relative to debt

Cash / debt stands at 1.0%, leaving limited liquidity buffer to monitor.

Leverage and liquidity trend

Net Debt / Equity 0.44x +0.03x

Interest Coverage 3.03x +1.33x

Cash / Debt 1.0% +0.6pp

Short-term Debt / Total Debt — —

CFO / NI 5.40x +3.70x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 169.9bn in 2025, against investing cash flow of -355.7bn.

Post-investment cash flow was negative +185.8bn. Financing cash flow was positive +187.0bn.

CFO / net income was 5.40x.

After spending +338.7bn on fixed-asset investment, the business generated trailing free cash flow of +98.8bn.

Cash Conversion

CFO TTM 437.5bn +338.0bn

Cash Capex 338.7bn +131.9bn

FCF TTM +98.8bn +206.2bn

Investment Takeaway

The business is heading the right way, but the current picture is still at partial confirmation — not yet a fully clean case. The positive points have clearly improved, showing the operating base is better than before. The brighter spot is earnings conversion is confirmed, with CFO/NI at 5.40x. The main risk still sits in leverage and liquidity, with interest coverage at 3.03x.

Improvement: earnings conversion looks more confirmed, with CFO / net income at 5.40x.

Key risk: leverage and liquidity remain a pressure point, with net debt / equity at 0.44x and a thin cash buffer.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	8,498.6	9,448.1	7,905.7	10,388.8	8,698.2
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	8,498.6	9,448.1	7,905.7	10,388.8	8,698.2
Cost of Goods Sold	8,136.1	8,978.7	7,283.8	9,722.2	0.0
Gross Profit	362.5	469.4	621.9	666.6	423.0
Financial Income	6.1	5.7	5.0	4.6	4.1
Financial Expenses	30.4	20.0	20.5	26.9	-87.8
Interest Expense	30.4	20.0	20.5	26.9	-83.7
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	4.0	5.7	7.0	6.9	-6.0
General and Administrative Expenses	230.5	325.1	250.0	212.6	-199.1
Operating Profit	103.7	124.2	349.4	424.7	134.2
Other Income	4.8	40.7	6.7	25.6	0.0
Other Expenses	4.0	1.9	4.3	1.8	0.0
Other Profit	0.8	38.8	2.3	23.8	0.9
Profit Before Tax	104.5	163.0	351.7	448.6	135.1
Current Income Tax Expense	21.7	33.0	71.2	90.3	-28.5
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	82.7	130.0	280.5	358.3	106.6
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	82.7	130.0	280.5	358.3	106.6
Earnings per Share	1,931.00	3,055.00	6,546.00	8,362.00	2,489.00
Diluted EPS	1,931.28	3,034.53	6,545.53	8,362.33	2,487.93

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,198.3	1,498.5	1,487.7	1,272.9	1,606.2
I. Cash and cash equivalents	1.9	0.8	0.6	0.7	0.8
1. Cash	1.9	0.8	0.6	0.7	0.0
2. Cash equivalents	—	0.0	0.0	0.0	0.0
II. Short-term financial investments	—	0.0	0.0	0.0	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	—	0.0	0.0	0.0	0.0
III. Short-term receivables	328.4	891.5	1,058.0	970.3	886.5
1. Short-term trade accounts receivable	327.0	885.3	1,052.4	969.1	0.0
2. Short-term prepayments to suppliers	0.4	1.2	4.4	0.2	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	1.0	5.0	1.2	1.0	0.0
7. Provision for short-term doubtful debts (*)	—	0.0	0.0	0.0	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	692.7	462.4	271.7	186.6	521.8
1. Inventories	692.7	462.4	271.7	186.6	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	175.2	143.8	157.3	115.3	197.1
1. Short-term prepayments	111.4	82.6	87.8	94.9	0.0
2. Value added tax to be reclaimed	10.3	61.2	66.2	0.0	0.0
3. Taxes and other receivables from state authorities	53.5	0.0	3.3	20.4	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)	1,295.9	1,152.9	914.4	1,096.8	1,469.8
I. Long-term receivables	202.3	191.2	176.6	153.5	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	141.0
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other long-term receivables	202.3	191.2	176.6	153.5	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	708.5	783.3	609.9	810.6	997.2
1. Tangible fixed assets	704.0	781.2	607.7	808.3	960.3
- Cost	4,798.1	4,922.7	5,313.7	5,335.3	0.0
- Accumulated depreciation	-4,094.1	-4,141.5	-4,706.0	-4,527.1	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	4.5	2.0	2.2	2.3	36.9
- Cost	6.1	3.4	119.8	119.8	0.0
- Accumulated depreciation	-1.5	-1.3	-117.6	-117.4	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	108.3	27.3	22.0	14.4	33.7
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	108.3	27.3	22.0	14.4	0.0
V. Long-term financial investments	—	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	0.0	0.0
3. Investments in other entities	—	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
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	276.8	151.1	106.0	118.4	0.0
1. Long-term prepayments	276.8	151.1	106.0	118.4	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	297.8
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)	2,494.2	2,651.4	2,402.1	2,369.7	3,076.0
A. LIABILITIES (300=210+330)	1,466.0	1,580.8	1,305.7	1,387.6	2,332.0
I. Short -term liabilities	1,060.1	1,325.4	1,120.6	1,189.5	2,075.4
1. Short-term trade accounts payable	563.2	899.0	626.4	715.7	865.0
2. Short-term advances from customers	—	0.0	0.0	0.0	0.0
3. Taxes and other payables to state authorities	88.0	139.7	118.4	149.6	0.0
4. Payable to employees	266.0	212.4	269.6	225.7	0.0
5. Short-term acrrued expenses	0.5	0.4	0.0	0.0	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	9.4	8.1	8.9	10.7	0.0
10. Short-term borrowings and financial leases	79.2	0.0	13.0	37.5	845.1
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	53.7	65.7	84.3	50.3	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	405.9	255.4	185.1	198.2	256.6
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	—	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	405.9	255.4	185.1	198.1	255.6
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.1	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)	1,028.2	1,070.6	1,096.4	982.1	744.0
I. Owner's equity	1,028.2	1,070.6	1,096.4	982.1	0.0
1. Owner's capital	428.5	428.5	428.5	428.5	744.0
- Common stock with voting right	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
5. Treasury shares	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	386.3	347.3	263.2	155.7	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	213.4	294.8	404.7	398.0	192.0
- Accumulated retained earning at the end of the previous period	130.7	164.8	124.3	39.7	85.4
- Undistributed earnings in this period	82.7	130.0	280.5	358.3	106.6
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)	2,494.2	2,651.4	2,402.1	2,369.7	3,076.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	104.5	163.0	351.7	448.6	135.1
Depreciation of Fixed Assets and Investment Property	177.1	336.2	342.5	423.9	401.8
Provision (Increase)/Reversal	—	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-10.4	-20.0	-7.1	-16.9	0.0
Interest Expense	30.4	20.0	20.5	26.9	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	—	-25.5	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	301.6	473.8	707.7	882.5	614.6
Increase/(Decrease) in Receivables	555.2	158.5	-155.1	-109.8	0.0
Increase/(Decrease) in Inventory	-227.5	-188.9	-83.1	348.9	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-169.1	73.1	-98.1	-87.4	0.0
Increase/(Decrease) in Prepaid Expenses	-154.5	-36.1	20.8	195.2	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-30.4	-20.0	-20.5	-27.0	0.0
Corporate Income Tax Paid	-12.4	-74.7	-50.1	0.0	0.0
Other Operating Receipts	2.1	5.7	2.2	1.2	0.0
Other Operating Payments	-95.3	-101.8	-74.0	-49.2	0.0
Net Cash Flow from Operating Activities	169.9	289.6	249.8	1,154.4	509.8
Payments for Fixed Assets and Other Long-term Assets	-359.2	-276.1	-148.7	-282.3	-203.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	3.3	13.9	2.0	12.3	6.2
Loans and Purchases of Debt Instruments	—	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
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	0.2	0.2	0.2	0.1	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	-355.7	-261.9	-146.5	-269.8	-197.0
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	310.4	155.0	271.2	484.0	2,898.5
Repayment of Borrowings	-80.7	-97.7	-308.7	-1,349.0	-3,195.7
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-42.7	-84.8	-65.8	-19.7	-15.5
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	187.0	-27.5	-103.3	-884.7	-312.6
Net Cash Flow During the Period	1.1	0.2	-0.0	-0.1	0.0
Cash and Cash Equivalents at Beginning of Period	0.8	0.6	0.7	0.8	0.6
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	1.9	0.8	0.6	0.7	0.8

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	2,312.4	1,870.7	1,987.5	2,320.3	2,360.5	2,100.1	1,782.5	2,618.6	2,964.2	1,561.9	2,139.9	1,789.8
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	2,312.4	1,870.7	1,987.5	2,320.3	2,360.5	2,100.1	1,782.5	2,618.6	2,964.2	1,561.9	2,139.9	1,789.8
Cost of Goods Sold	2,264.5	1,767.5	1,949.6	2,188.0	2,270.3	1,928.4	1,788.6	2,470.1	2,796.8	1,252.5	2,038.8	1,730.5
Gross Profit	48.0	103.3	37.9	132.3	90.2	171.7	-6.2	148.5	167.4	309.4	101.2	59.3
Financial Income	1.6	1.6	1.5	1.5	1.5	1.4	1.4	1.5	1.4	1.3	1.3	1.2
Financial Expenses	7.9	7.8	8.0	7.5	7.1	4.9	5.9	5.5	3.8	4.6	5.6	4.4
Interest Expense	7.9	7.8	8.0	7.5	7.1	4.9	5.9	5.5	3.8	4.6	5.6	4.4
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	0.8	1.2	0.8	1.0	1.0	1.7	0.9	1.7	1.4	2.6	1.5	1.4
General and Administrative Expenses	33.3	21.6	37.1	106.1	67.2	157.9	59.2	57.5	50.4	77.7	59.7	59.6
Operating Profit	7.5	74.2	-6.5	19.3	16.4	8.7	-70.8	85.3	113.2	225.9	35.7	-4.9
Other Income	5.8	0.5	2.6	0.5	0.1	0.9	17.7	17.3	4.8	2.4	3.6	0.2
Other Expenses	—	0.1	1.7	0.2	0.5	1.1	0.3	0.1	0.5	2.6	0.5	0.6
Other Profit	5.8	0.5	0.9	0.3	-0.4	-0.2	17.4	17.2	4.3	-0.2	3.2	-0.3
Profit Before Tax	13.3	74.7	-5.6	19.5	16.0	8.5	-53.4	102.5	117.5	225.6	38.9	-5.2
Current Income Tax Expense	2.7	14.9	-0.7	3.9	3.3	1.9	-10.6	20.6	23.5	45.8	7.8	-0.9
Deferred Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	10.6	59.8	-4.9	15.6	12.7	6.7	-42.8	81.9	94.0	179.9	31.0	-4.3
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	10.6	59.8	-4.9	15.6	12.7	6.7	-42.8	81.9	94.0	179.9	31.0	-4.3
Earnings per Share	247.00	1,395.00	-115.00	364.00	297.00	156.00	-999.00	1,912.00	2,913.00	4,198.00	724.00	-101.00
Diluted EPS	247.26	1,394.53	-114.53	363.70	296.85	156.22	-999.31	1,911.77	2,192.81	4,198.38	724.43	-100.70

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)	1,737.1	1,241.2	1,499.1	1,823.0	1,525.5	1,515.6	2,262.8	2,498.6	2,296.7	1,450.7	2,379.8	1,756.8
I. Cash and cash equivalents	3.8	1.9	1.2	1.5	1.9	0.8	29.8	1.3	1.1	0.6	1.4	9.0
1. Cash	3.8	1.9	1.2	1.5	1.9	0.8	29.8	1.3	1.1	0.6	1.4	9.0
2. Cash equivalents	—	—	—	—	—	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
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	886.8	373.5	725.5	1,021.2	1,203.3	911.8	1,386.2	1,938.3	1,924.3	1,017.4	2,053.6	1,443.1
1. Short-term trade accounts receivable	885.4	372.1	721.9	1,019.3	1,193.2	905.6	1,381.7	1,936.7	1,920.4	1,011.7	2,049.2	1,361.0
2. Short-term prepayments to suppliers	0.4	0.4	1.3	0.7	8.6	1.2	2.8	0.2	0.2	4.4	2.7	1.9
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	1.0	1.0	2.3	1.2	1.5	5.0	1.7	1.4	3.8	1.3	1.7	80.3
7. Provision for short-term doubtful debts (*)	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	736.3	694.0	687.1	684.6	229.7	462.1	804.5	528.1	301.7	272.1	238.5	205.1
1. Inventories	736.3	694.0	687.1	684.6	229.7	462.1	804.5	528.1	301.7	272.1	238.5	205.1
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	110.2	171.8	85.3	115.7	90.7	140.8	42.3	30.9	69.6	160.6	86.4	99.6
1. Short-term prepayments	74.2	111.4	72.8	103.0	76.6	82.6	14.5	30.9	66.5	87.8	86.4	88.1
2. Value added tax to be reclaimed	—	7.0	—	—	—	58.2	11.5	0.0	0.0	69.5	0.0	0.0
3. Taxes and other receivables from state authorities	36.0	53.3	12.4	12.7	14.1	0.0	16.2	0.0	3.1	3.3	0.0	11.5
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)	1,207.7	1,260.0	1,229.7	1,301.1	1,111.0	1,147.1	880.9	946.6	1,029.3	914.4	1,006.2	981.8
I. Long-term receivables	209.1	202.3	200.8	199.3	197.8	191.2	185.7	184.3	182.9	176.6	175.3	155.8
1. Long-term trade receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	209.1	202.3	200.8	199.3	197.8	191.2	185.7	184.3	182.9	176.6	175.3	155.8
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	654.2	674.1	661.8	711.7	745.8	777.5	574.6	640.1	722.8	609.9	699.7	733.1
1. Tangible fixed assets	650.0	670.9	659.8	709.7	743.8	775.5	572.5	638.0	720.7	607.7	697.5	730.8
- Cost	4,667.4	—	—	—	—	4,917.0	5,292.7	5,437.7	5,481.7	5,313.7	5,305.2	5,419.7
- Accumulated depreciation	-4,017.4	—	—	—	—	-4,141.5	-4,720.2	-4,799.7	-4,761.0	-4,706.0	-4,607.6	-4,688.9
2. Financial leased fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	4.3	3.2	1.9	2.0	2.0	2.0	2.1	2.1	2.1	2.2	2.2	2.2
- Cost	6.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-1.8	—	—	—	—	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	102.6	106.8	84.0	79.8	27.3	27.3	28.1	25.8	25.8	22.0	21.9	16.7
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	102.6	106.8	84.0	79.8	27.3	27.3	28.1	25.8	25.8	22.0	21.9	16.7
V. Long-term financial investments	—	—	—	—	—	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
2. Investments in associates, joint-ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Investments in other entities	—	—	—	—	—	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
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	241.8	276.8	283.2	310.4	140.1	151.1	92.5	96.4	97.7	106.0	109.3	76.2
1. Long-term prepayments	241.8	276.8	283.2	310.4	140.1	151.1	92.5	96.4	97.7	106.0	109.3	76.2
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)	2,944.8	2,501.2	2,728.8	3,124.1	2,636.6	2,662.7	3,143.7	3,445.2	3,326.0	2,365.1	3,386.1	2,738.6
A. LIABILITIES (300=210+330)	1,906.0	1,472.6	1,760.0	2,150.3	1,553.3	1,582.3	2,070.1	2,336.2	2,135.7	1,256.0	2,460.1	1,843.1
I. Short -term liabilities	1,526.6	1,066.8	1,332.1	1,732.8	1,152.5	1,326.9	1,798.0	2,047.5	1,908.2	1,071.0	2,265.4	1,646.5
1. Short-term trade accounts payable	506.3	564.6	450.1	764.2	479.5	899.0	458.5	527.6	453.1	625.3	320.6	317.0
2. Short-term advances from customers	—	—	0.0	0.0	0.0	0.0	0.0	1.6	6.1	0.0	0.0	0.0
3. Dividends and profits payable	5.6	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	132.2	91.7	93.3	104.0	112.5	140.3	37.6	146.2	157.4	117.6	156.2	66.9
4. Payable to employees	151.2	267.7	157.9	130.6	114.6	213.3	161.0	151.3	115.2	221.8	133.5	118.8
5. Short-term acrrued expenses	120.6	0.6	182.6	313.8	346.9	0.4	285.5	319.7	323.1	0.0	303.9	112.1
6. Short-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	4.5	9.2	10.4	8.4	8.0	8.1	10.9	10.1	7.0	9.0	9.0	15.3
10. Short-term borrowings and financial leases	—	79.2	74.6	65.3	43.7	0.0	58.7	51.5	32.4	13.0	32.1	22.0
11. Provision for short-term liabilities	571.5	—	283.3	247.0	11.3	0.0	691.2	725.2	761.6	0.0	1,206.0	867.3
12.. Bonus and welfare fund	34.7	53.7	80.0	99.6	36.0	65.7	94.6	114.2	52.3	84.3	104.1	127.2
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	379.5	405.9	427.9	417.5	400.8	255.4	272.1	288.8	227.4	185.1	194.7	196.5
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	—	—	—	—	—	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
8. Long-term borrowings and financial leases	379.5	405.9	427.9	417.5	400.8	255.4	272.1	288.8	227.4	185.1	194.7	196.5
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	0.1
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)	1,038.8	1,028.6	968.8	973.7	1,083.3	1,080.3	1,073.6	1,109.0	1,190.3	1,109.0	926.0	895.5
I. Owner's equity	1,038.8	1,028.6	968.8	973.7	1,083.3	1,080.3	1,073.6	1,109.0	1,190.3	1,109.0	926.0	895.5
1. Owner's capital	428.5	428.5	428.5	428.5	428.5	428.5	428.5	428.5	428.5	428.5	428.5	428.5
- Common stock with voting right	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00	428,467,730,000.00
- Preferred stock	—	—	—	—	—	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
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	386.3	386.3	386.3	386.3	347.3	347.3	347.3	347.3	263.2	263.2	263.2	263.2
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	224.0	213.8	154.1	159.0	307.5	304.5	297.8	333.2	498.7	417.4	234.4	203.9
- Accumulated retained earning at the end of the previous period	213.4	130.7	130.7	130.7	294.8	164.8	164.8	157.3	404.7	124.3	121.1	121.1
- Undistributed earnings in this period	10.6	83.1	23.4	28.3	12.7	139.7	133.1	175.9	94.0	293.1	113.2	82.8
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)	2,944.8	2,501.2	2,728.8	3,124.1	2,636.6	2,662.7	3,143.7	3,445.2	3,326.0	2,365.1	3,386.1	2,738.6

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
Profit Before Tax	13.3	74.5	-5.6	19.5	16.0	8.5	-53.4	102.5	117.5	209.7	38.9	-5.9
Depreciation of Fixed Assets and Investment Property	67.2	-22.0	66.0	96.0	37.2	61.9	79.3	140.3	54.8	113.9	57.7	114.8
Provision (Increase)/Reversal	571.5	—	36.3	235.6	11.3	-691.2	-34.0	-36.4	761.6	-1,206.0	312.1	1,623.2
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-7.3	-2.1	-4.9	-1.9	-1.5	-2.2	-9.7	-6.6	-1.6	0.1	-4.7	-1.3
Interest Expense	7.9	7.8	8.0	7.5	7.1	4.9	5.9	5.5	3.8	4.6	5.6	4.4
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	652.6	-225.0	99.7	356.8	70.2	-618.1	-12.0	205.3	936.1	-877.6	409.6	1,735.2
Increase/(Decrease) in Receivables	-565.2	711.7	-70.5	239.3	-325.2	439.8	524.3	-10.8	-805.0	926.1	-617.2	-9.7
Increase/(Decrease) in Inventory	43.6	-2.8	-3.8	-453.6	232.7	342.4	-276.4	-226.4	-29.9	-31.2	-33.4	55.3
Increase/(Decrease) in Payables (Excl. Interest and CIT)	85.9	-361.1	-21.9	332.4	-118.4	144.4	-208.7	135.0	-2.3	67.4	316.2	-1,661.5
Increase/(Decrease) in Prepaid Expenses	-72.2	-32.2	57.4	-196.7	17.1	-126.6	24.0	36.9	29.6	3.2	-31.4	50.5
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-7.9	-7.8	-8.0	-7.5	-7.1	-4.9	-5.9	-5.5	-3.8	-4.6	-5.6	-4.4
Corporate Income Tax Paid	-16.7	0.0	-3.9	-2.0	-6.5	-16.5	-5.0	-6.9	-46.3	-3.8	-4.4	-17.5
Other Operating Receipts	0.2	—	—	—	—	3.6	0.6	1.2	0.2	0.9	0.2	0.8
Other Operating Payments	-19.2	-26.6	-19.6	-18.8	-30.2	-32.3	-20.0	-15.6	-32.7	-22.6	-23.0	-12.0
Net Cash Flow from Operating Activities	101.0	56.3	30.1	250.0	-166.6	131.8	21.0	113.2	45.8	57.9	11.1	136.7
Payments for Fixed Assets and Other Long-term Assets	-0.7	-38.9	-52.6	-246.5	-21.2	-85.2	9.6	-109.9	-112.8	-21.0	-30.6	-90.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	5.7	1.0	2.6	-0.3	—	0.0	8.7	-0.9	6.1	-1.4	3.5	0.0
Loans and Purchases of Debt Instruments	—	—	—	—	—	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
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	1.6	0.1	0.1	0.1	0.0	0.0	0.1	0.1	0.1	0.0	0.1	0.1
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	6.6	-37.9	-49.9	-246.8	-21.2	-85.2	18.4	-110.7	-106.7	-22.4	-27.0	-90.3
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	—	7.5	35.5	46.0	221.4	0.0	0.0	90.0	65.0	0.0	19.0	74.5
Repayment of Borrowings	-105.7	-24.9	-15.8	-7.6	-32.4	-75.4	-9.5	-9.5	-3.3	-28.7	-10.7	-55.0
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-0.1	-0.4	-0.2	-42.0	-0.1	-0.3	-1.3	-82.8	-0.4	-7.5	0.0	-58.2
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	-105.8	-17.7	19.5	-3.7	188.9	-75.7	-10.8	-2.3	61.3	-36.2	8.3	-38.8
Net Cash Flow During the Period	1.9	0.7	-0.3	-0.4	1.1	-29.0	28.5	0.2	0.5	-0.7	-7.6	7.6
Cash and Cash Equivalents at Beginning of Period	1.9	1.2	1.5	1.9	0.8	0.6	0.6	0.6	0.6	0.7	0.7	0.7
FX Difference from Revaluation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	3.8	1.9	1.2	1.5	1.9	0.8	29.8	1.3	1.1	0.6	1.4	9.0

Explore Other Stocks In The Same Sector

MVB, HLC, TMB, TVD, CLM, TD6, NBC, THT, MDC, VDB, BCB, MGC, ITS, VTV, AAH

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

CST

What Is Changing

Drivers of CST'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