CTI

Đầu tư Phát triển Cường Thuận IDICO ·HOSE ·2026Q1

▲▲ Improving positively

Operating efficiency is improving Net margin 12.68%, +1.17pp YoY

Price

20,050

Latest close

04 Jun 2026

P/E 7.10x

P/B 0.66x

EPS 2,822

BVPS 30,542

ROE 10.2%

ROA 3.8%

Profit Margin 11.4%

Asset Turnover 0.34x

Equity Mult. 2.66x

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

What Is Changing

On a TTM 2026Q1 basis, CTI 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 1,557bn
	                                
+36.4%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 197bn
	                                
+50.2%YoY

Metric	2025	2024	2023	2022	2021
Revenue	1,476.8	1,111.6	814.4	894.0	762.1
Growth	+33%	+36%	-9%	+17%	—
Net Income	175.4	116.2	80.0	96.8	2.9
Net Margin	11.88%	10.45%	9.83%	10.82%	0.38%

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	358.2	484.5	363.4	351.0	282.5	331.4	273.4	254.4	257.3	262.2	178.8	203.0
Growth	-26%	+33%	+4%	+24%	-15%	+21%	+7%	-1%	-2%	+47%	-12%	—
Net Income	45.6	49.2	44.3	58.4	42.6	26.2	37.4	25.2	31.8	28.1	6.5	41.0
Net Margin	12.74%	10.15%	12.18%	16.63%	15.08%	7.91%	13.67%	9.92%	12.37%	10.73%	3.65%	20.18%

Drivers of CTI's profit

TTM

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

Gross profit ↑ 98.1bn

Finance costs ↓ 35.0bn

Other profit ↓ 55.2bn

Administrative expenses ↑ 12.7bn

Minority interests ↑ 10.3bn

Tax ↑ 5.8bn

TTM

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

Gross profit ↑ 6.0bn

Finance costs ↓ 4.6bn

Selling expenses ↓ 0.3bn

Administrative expenses ↑ 5.6bn

Tax ↑ 1.7bn

Minority interests ↑ 1.4bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 8.7% = 11.5% × 0.25 × 3.05

2026Q1 11.3% = 12.7% × 0.34 × 2.66

ROE rose from 8.7% to 11.3% — mainly driven by asset turnover, despite leverage moving in the opposite direction.

Net margin: 12.7% +1.2pp Asset turnover: 0.34x +0.09x Leverage: 2.66x -0.39x

Is the profit sustainable?

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

very positive positive stable watch under pressure

What is driving the margin?

Net margin edged up to 12.68%, rising 1.2pp. Core operating signals are improving as SG&A / Revenue fell 1.8pp are enough to offset pressure from Gross margin fell 3.8pp (in addition, Net financial result / Revenue rose 6.4pp added support while Other profit / Revenue fell 3.5pp remained a drag).

Margin improves from both core operations and non-core items — the core foundation is positive, but the sustainability of non-core contributions needs monitoring.

Profitability trend

Net Margin 12.68% +1.2pp

Gross Margin 34.07% −3.8pp

SG&A / Revenue 7.88% −1.8pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Capital efficiency for construction contractors should be read alongside project progress and receivables collection from developers — ROIC of 6.5% fluctuates with handover cycles.

Is capital being deployed efficiently?

ROIC expanded to 6.52%, rising 2.9pp. That translates to 6.52 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin rose 4.0pp and capital turnover rose 0.11x, with invested capital holding roughly steady — capital-return quality improved from both sides.

For construction contractors, ROIC moves with backlog and project acceptance timing — this is a reference signal and should be read alongside working-capital cycles.

CAPITAL EFFICIENCY TREND

ROIC 6.52% +2.9pp

NOPAT Margin 15.86% +4.0pp

Capital Turnover 0.41x +0.11x

Average Invested Capital 3,789.7bn −6.4bn

Balance Sheet

ROIC for construction contractors swings with project progress and handover cycles — the balance sheet below adds perspective. Capital structure is relatively light for construction contractors — liabilities at 1.44x equity, net debt at 0.99x equity.

Over the last 12 months, working capital released 18.5bn of cash, mainly thanks to lower inventories. Pressure from higher receivables and lower payables only partly offset that benefit.

Working Capital Drivers

Receivables increased → lower CFO: −68.9bn

Inventories decreased → higher CFO: +119.4bn

Payables decreased → lower CFO: −32.0bn

Working Capital Efficiency

Working capital is being managed more efficiently, supporting overall capital efficiency. Cash conversion cycle improved by 25.7 days versus the same period last year. The main moves came from DIO fell 40.3 days, DSO fell 1.6 days, and DPO fell 16.2 days.

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

For construction contractors, DSO/DIO/DPO/CCC can be distorted by project progress, work-in-progress receivables, and milestone acceptance timing — these metrics should be read alongside developer payment cycles.

Working Capital Efficiency

Receivables 12.9 days −1.6 days

Inventory 99.0 days −40.3 days

Payables 45.8 days −16.2 days

Cash Conversion Cycle 66.1 days −25.7 days

Is financial risk significant?

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

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 0.99x and interest coverage only at 1.89x.

At present, short-term debt accounts for 18.9% of total debt, cash equals 3.5% of debt, and total debt stands at 1,966.2bn.

Leverage for construction contractors fluctuates with project working capital, performance guarantees, and progress receivables — should be read alongside receivables quality and developer payment cycles.

Watchpoints

Interest coverage is thin

Interest coverage is 1.89x, leaving limited room to absorb financing costs.

Cash buffer is thin relative to debt

Cash / debt stands at 3.5%, leaving limited liquidity buffer to monitor.

Leverage and liquidity trend

Net Debt / Equity 0.99x −0.41x

Interest Coverage 1.89x +1.06x

Cash / Debt 3.5% +1.4pp

Short-term Debt / Total Debt 18.9% +1.3pp

CFO / NI 2.22x +0.34x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 376.1bn in 2025, against investing cash flow of -247.2bn.

Post-investment cash flow was positive +128.9bn. Financing cash flow was negative +109.9bn.

CFO / net income was 2.22x.

After spending +297.5bn on fixed-asset investment, the business generated trailing free cash flow of +96.8bn.

For construction contractors, FCF swings sharply with project progress and payment cycles — should be read alongside backlog and receivables quality.

Cash Conversion

CFO TTM 394.3bn +165.6bn

Cash Capex 297.5bn +192.7bn

FCF TTM +96.8bn −27.1bn

Investment Takeaway

The business is showing brightening signals, but the improvement is still early and not yet thick enough to read as a confirmed trend. The brighter spot is operating efficiency, with net margin improving 1.2 pp. The next item to monitor is the earnings mix, when non-core contribution is 27.5%. The main risk still sits in leverage and liquidity, with interest coverage at 1.89x.

Improvement: operating efficiency is getting better, with trailing-12M net margin at 12.68% after expanding 1.2pp versus the same period last year.

Watchpoint: cash flow is currently keeping pace with accounting earnings, with CFO / net income at 2.22x. Even so, net financial result still accounts for 27.5% of PBT, so the earnings mix still needs monitoring.

Key risk: leverage and liquidity still require discipline, with interest coverage only at 1.89x.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	1,476.8	1,111.6	814.4	894.2	762.4
Revenue Deductions	—	0.0	0.0	0.2	0.0
Net Revenue	1,476.8	1,111.6	814.4	894.0	762.1
Cost of Goods Sold	955.3	692.8	403.5	458.1	0.0
Gross Profit	521.5	418.8	410.9	435.8	263.8
Financial Income	0.7	0.7	1.4	0.6	13.5
Financial Expenses	167.5	188.2	222.1	222.5	-181.7
Interest Expense	167.2	187.9	221.3	221.6	-153.3
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	4.3	4.1	7.0	7.2	-5.9
General and Administrative Expenses	110.8	101.6	89.5	93.0	-77.0
Operating Profit	239.6	125.6	93.7	113.7	12.7
Other Income	0.3	0.3	1.9	0.4	0.0
Other Expenses	58.1	0.7	3.2	2.0	0.0
Other Profit	-57.8	-0.5	-1.3	-1.6	-5.6
Profit Before Tax	181.8	125.2	92.4	112.1	7.1
Current Income Tax Expense	14.1	9.9	7.7	9.1	-4.2
Deferred Income Tax Expense	-7.8	-0.9	4.6	6.2	0.0
Net Income	175.4	116.2	80.0	96.8	2.9
Non-controlling Interest	37.6	17.1	3.5	4.3	4.9
Profit Attributable to Parent	137.8	99.1	76.5	92.4	-2.0
Earnings per Share	2,256.00	1,808.00	1,345.00	1,619.00	674.00
Diluted EPS	2,256.00	1,808.00	1,345.00	1,619.00	-32.39

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	423.1	481.7	366.8	405.1	514.0
I. Cash and cash equivalents	56.1	37.1	23.1	53.3	217.9
1. Cash	45.1	22.1	22.9	51.8	0.0
2. Cash equivalents	11.0	15.0	0.2	1.5	0.0
II. Short-term financial investments	7.6	7.5	3.1	2.6	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	7.6	7.5	3.1	2.6	0.0
III. Short-term receivables	135.5	91.2	159.5	184.8	150.2
1. Short-term trade accounts receivable	69.4	33.4	29.5	29.4	0.0
2. Short-term prepayments to suppliers	21.1	17.3	31.2	14.0	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0	0.0
5. Short-term loan receivables	10.3	0.0	8.6	0.0	0.0
6. Other short-term receivables	52.3	57.4	107.9	158.2	0.0
7. Provision for short-term doubtful debts (*)	-17.6	-17.1	-17.7	-16.8	0.0
8. Assets awaiting resolution	—	0.2	0.0	0.0	0.0
IV. Inventories	206.4	340.6	169.4	148.2	116.4
1. Inventories	206.4	340.6	169.4	148.2	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	17.6	5.3	11.8	16.2	29.4
1. Short-term prepayments	16.6	0.5	1.1	0.8	0.0
2. Value added tax to be reclaimed	0.2	3.0	9.8	12.7	0.0
3. Taxes and other receivables from state authorities	0.8	1.8	0.9	2.6	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)	4,167.0	4,079.6	4,148.9	4,091.3	4,226.6
I. Long-term receivables	11.6	8.5	15.5	14.7	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	14.0
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	11.6	8.5	15.5	14.7	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	2,855.8	3,066.3	3,184.2	3,302.8	3,440.4
1. Tangible fixed assets	121.5	220.6	226.8	237.7	225.3
- Cost	436.2	554.7	539.2	532.1	0.0
- Accumulated depreciation	-314.7	-334.1	-312.4	-294.3	0.0
2. Financial leased fixed assets	20.9	6.4	7.4	8.6	9.8
- Cost	23.7	7.1	11.9	11.9	0.0
- Accumulated depreciation	-2.7	-0.6	-4.5	-3.3	0.0
3. Intangible fixed assets	2,713.4	2,839.3	2,950.1	3,056.4	3,205.3
- Cost	3,950.6	3,950.6	3,950.6	3,950.6	0.0
- Accumulated depreciation	-1,237.2	-1,111.3	-1,000.5	-894.2	0.0
III. Investment properties	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	1,257.7	951.3	889.1	701.6	707.8
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	1,257.7	951.3	889.1	701.6	0.0
V. Long-term financial investments	—	0.0	0.0	2.4	-21.7
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	2.4	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	41.9	53.5	60.0	69.9	0.0
1. Long-term prepayments	41.4	53.0	59.6	69.5	0.0
2. Deferred income tax assets	0.5	0.5	0.4	0.5	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	86.0
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)	4,590.1	4,561.3	4,515.7	4,496.4	4,740.5
A. LIABILITIES (300=210+330)	2,711.7	3,037.4	3,105.1	3,152.4	3,503.0
I. Short -term liabilities	648.9	749.1	625.0	594.5	543.9
1. Short-term trade accounts payable	143.1	144.9	120.5	104.1	147.6
2. Short-term advances from customers	76.6	84.9	60.6	30.7	71.3
3. Taxes and other payables to state authorities	10.3	7.0	4.8	5.0	0.0
4. Payable to employees	18.2	16.5	15.0	13.7	0.0
5. Short-term acrrued expenses	22.2	21.5	17.5	59.4	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	0.2	3.7	4.2	5.6	12.1
9. Other short-term payables	21.2	20.0	20.8	22.0	0.0
10. Short-term borrowings and financial leases	350.3	435.7	364.3	330.7	216.5
11. Provision for short-term liabilities	—	2.5	1.3	1.7	0.0
12.. Bonus and welfare fund	6.8	12.4	15.9	21.6	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	2,062.8	2,288.3	2,480.1	2,557.9	2,959.1
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	16.0	44.2	0.0	0.0
3. Long-term acrrued expenses	385.7	326.3	271.1	134.3	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	—	31.4	34.9	39.1	45.6
7. Other long-term liabilities	41.5	64.3	0.0	0.0	0.0
8. Long-term borrowings and financial leases	1,606.4	1,814.2	2,093.9	2,348.0	2,770.5
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	12.7	20.5	21.4	16.8	0.0
12. Provision for long-term liabilities	16.5	15.6	14.8	19.8	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)	1,878.5	1,524.0	1,410.6	1,344.0	1,237.5
I. Owner's equity	1,878.5	1,524.0	1,410.6	1,344.0	0.0
1. Owner's capital	630.0	630.0	630.0	630.0	1,237.5
- Common stock with voting right	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	411.9	383.6	383.6	383.6	383.6
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	—	-155,036,000,000.00	-155,036,000,000.00	-155,036,000,000.00	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	53.5	53.5	53.5	52.4	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	520.7	386.6	289.9	218.3	112.4
- Accumulated retained earning at the end of the previous period	382.9	287.5	213.4	125.9	109.5
- Undistributed earnings in this period	137.8	99.1	76.5	92.4	2.9
12. Reserves for investment in construction	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	262.4	225.3	208.5	214.6	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)	4,590.1	4,561.3	4,515.7	4,496.4	4,740.5

Item	2025	2024	2023	2022	2021
Profit Before Tax	181.8	125.2	92.4	112.1	7.1
Depreciation of Fixed Assets and Investment Property	155.3	133.3	130.7	145.8	111.3
Provision (Increase)/Reversal	-1.1	1.5	-4.6	4.5	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	36.3	-0.7	-1.5	-0.6	0.0
Interest Expense	167.2	187.9	221.3	221.6	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	539.5	447.0	438.2	483.4	282.6
Increase/(Decrease) in Receivables	-34.4	73.1	26.5	-52.9	0.0
Increase/(Decrease) in Inventory	80.4	-63.3	-21.1	-32.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-20.1	-22.2	-17.1	118.5	0.0
Increase/(Decrease) in Prepaid Expenses	10.7	11.8	9.6	22.3	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-177.0	-130.2	-90.9	-172.4	0.0
Corporate Income Tax Paid	-13.8	-10.5	-7.2	-7.7	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-9.2	-5.0	-5.0	-5.1	0.0
Net Cash Flow from Operating Activities	376.1	300.8	333.0	354.1	354.9
Payments for Fixed Assets and Other Long-term Assets	-269.3	-83.5	-137.5	-206.1	-447.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	31.8	0.0	0.1	0.0	2.6
Loans and Purchases of Debt Instruments	-20.5	-4.3	-9.1	-2.6	-9.7
Receipts from Loan Repayments and Sale of Debt Instruments	10.0	8.6	0.0	0.0	5.5
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	2.4	0.0	0.0
Dividends and Interest Income Received	0.7	0.7	1.4	0.6	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	-247.2	-78.5	-142.7	-208.0	-435.3
Proceeds from Equity Issuance and Capital Contributions	28,243,709,195.00	0.00	0.00	0.00	0.00
Share Repurchases	155,036,000,000.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	559.7	508.7	202.2	113.5	738.0
Repayment of Borrowings	-849.7	-716.1	-421.5	-420.3	-560.6
Repayment of Finance Leases	-3.2	-0.9	-1.2	-1.2	0.0
Dividends Paid	-0.1	0.0	-0.1	-2.4	-63.5
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	-109.9	-208.3	-220.6	-310.5	113.9
Net Cash Flow During the Period	19.0	14.0	-30.3	-164.4	151.5
Cash and Cash Equivalents at Beginning of Period	37.1	23.1	53.3	217.8	184.3
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	56.1	37.1	23.1	53.3	217.9

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	358.2	484.5	363.4	351.0	282.5	331.4	273.4	254.4	257.3	262.2	178.8	203.0
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	358.2	484.5	363.4	351.0	282.5	331.4	273.4	254.4	257.3	262.2	178.8	203.0
Cost of Goods Sold	237.7	347.0	230.0	212.1	167.9	219.1	168.4	153.9	145.5	141.8	87.0	77.6
Gross Profit	120.5	137.5	133.4	139.0	114.6	112.3	105.0	100.5	111.8	120.4	91.9	125.4
Financial Income	0.2	0.2	0.3	0.2	0.4	0.2	0.1	0.1	0.4	0.8	1.9	-0.1
Financial Expenses	37.3	41.7	40.2	22.2	41.9	52.3	36.7	45.6	50.6	49.3	63.1	56.7
Interest Expense	38.3	41.7	40.2	43.5	41.9	50.4	38.6	45.6	50.2	49.1	49.9	56.5
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	1.2	1.0	1.0	0.9	1.5	0.9	0.8	1.4	1.0	1.2	1.8	2.0
General and Administrative Expenses	30.4	36.5	24.8	27.0	24.8	30.5	26.2	24.4	25.3	37.7	20.5	24.4
Operating Profit	51.8	58.6	67.8	89.1	46.9	28.9	41.4	29.1	35.2	33.0	8.4	42.1
Other Income	0.1	0.1	18.9	13.1	0.0	0.1	6.9	0.0	0.0	0.1	-0.0	2.0
Other Expenses	2.6	11.0	35.6	40.6	2.1	0.1	7.2	0.1	0.0	0.0	2.4	0.8
Other Profit	-2.5	-11.0	-16.7	-27.5	-2.1	-0.1	-0.3	-0.1	0.0	0.1	-2.5	1.3
Profit Before Tax	49.3	47.6	51.0	61.6	44.8	28.8	41.2	29.0	35.2	33.1	5.9	43.3
Current Income Tax Expense	3.8	4.2	4.6	3.2	2.2	3.5	2.0	2.4	3.4	1.5	1.0	1.5
Deferred Income Tax Expense	-0.2	-5.8	2.2	—	—	-1.0	1.8	1.4	0.0	3.5	-1.7	0.9
Net Income	45.6	49.2	44.3	58.4	42.6	26.2	37.4	25.2	31.8	28.1	6.5	41.0
Non-controlling Interest	5.4	3.4	5.7	5.1	4.0	1.3	4.0	0.0	3.6	7.2	1.2	3.8
Profit Attributable to Parent	40.2	45.7	38.5	53.3	38.6	24.9	33.3	25.2	28.2	21.0	5.3	37.2
Earnings per Share	638.00	726.00	612.00	846.00	704.00	455.00	608.00	461.00	514.00	383.00	97.00	678.00
Diluted EPS	638.00	726.00	612.00	846.00	704.00	1,947.00	608.00	461.00	514.00	383.00	97.00	678.00

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)	479.8	425.2	500.9	511.3	522.9	502.8	508.2	555.5	438.1	405.3	569.0	478.5
I. Cash and cash equivalents	68.9	63.6	63.6	99.7	46.9	45.1	53.2	36.0	48.4	25.0	41.7	20.9
1. Cash	62.9	50.0	50.0	86.2	39.4	37.7	45.8	28.6	45.1	21.7	41.6	17.7
2. Cash equivalents	6.0	13.6	13.6	13.5	7.5	7.5	7.4	7.4	3.3	3.3	0.2	3.2
II. Short-term financial investments	7.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	3.0	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	7.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	3.0	0.0
III. Short-term receivables	196.8	151.3	133.5	100.1	106.5	109.5	121.0	290.7	200.4	194.1	328.4	275.0
1. Short-term trade accounts receivable	69.2	77.5	57.3	50.2	40.7	50.0	42.7	46.9	49.6	36.1	56.6	49.1
2. Short-term prepayments to suppliers	60.1	28.1	30.3	33.2	27.8	24.8	49.3	169.8	60.9	57.3	42.0	30.8
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	—	10.3	10.0	—	—	0.0	1.0	2.0	0.0	8.6	1.0	0.0
6. Other short-term receivables	84.8	52.8	53.3	33.0	54.3	52.0	45.3	89.5	107.5	109.7	246.3	211.9
7. Provision for short-term doubtful debts (*)	-17.4	-17.4	-17.4	-16.3	-16.3	-17.3	-17.3	-17.6	-17.7	-17.5	-17.5	-16.8
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	191.8	206.4	301.3	306.4	365.1	343.1	326.7	219.5	176.4	173.6	182.0	167.7
1. Inventories	191.8	206.4	301.3	306.4	365.1	343.1	326.7	219.5	176.4	173.6	182.0	167.7
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	14.6	3.9	2.6	5.0	4.4	5.1	7.3	9.4	13.0	12.6	13.9	14.9
1. Short-term prepayments	13.5	2.8	2.0	2.1	2.2	1.9	1.9	2.1	2.2	2.0	1.6	1.9
2. Value added tax to be reclaimed	0.2	0.2	0.2	0.6	1.4	3.0	4.2	6.4	10.2	9.9	9.4	9.6
3. Taxes and other receivables from state authorities	1.0	1.0	0.4	2.3	0.8	0.2	1.2	0.9	0.6	0.8	3.0	3.4
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)	4,185.0	4,189.0	4,252.0	4,282.5	4,085.3	4,089.2	4,076.2	4,001.3	4,130.4	4,138.4	4,002.7	4,058.9
I. Long-term receivables	19.2	18.6	18.1	17.8	17.3	16.5	16.5	16.1	16.6	15.5	15.5	15.5
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	19.2	18.6	18.1	17.8	17.3	16.5	16.5	16.1	16.6	15.5	15.5	15.5
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	2,816.1	2,930.9	2,965.7	2,994.6	3,043.1	3,066.5	3,094.4	3,126.1	3,153.0	3,188.6	3,220.1	3,249.7
1. Tangible fixed assets	115.6	196.6	197.7	211.0	227.1	220.8	219.9	230.5	222.3	231.1	236.9	241.4
- Cost	437.9	—	—	—	—	555.4	549.1	558.5	539.8	544.7	544.6	543.2
- Accumulated depreciation	-322.2	—	—	—	—	-334.6	-329.2	-328.0	-317.5	-313.6	-307.7	-301.8
2. Financial leased fixed assets	19.8	20.9	22.1	5.8	6.1	6.4	6.8	-0.0	7.1	7.4	7.7	8.0
- Cost	23.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-3.9	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	2,680.7	2,713.4	2,745.9	2,777.9	2,809.9	2,839.3	2,867.7	2,895.6	2,923.6	2,950.1	2,975.5	3,000.3
- Cost	3,950.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-1,269.9	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	1,313.2	1,197.1	1,224.3	1,224.5	976.0	951.5	907.8	798.7	900.0	875.4	711.9	732.6
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	1,313.2	1,197.1	1,224.3	1,224.5	976.0	951.5	907.8	798.7	900.0	875.4	711.9	732.6
V. Long-term financial investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	-1.0
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	-1.0
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	36.5	42.5	43.9	45.6	48.8	54.7	57.6	60.4	60.8	59.0	55.2	62.1
1. Long-term prepayments	36.4	40.8	43.1	45.5	48.7	54.6	57.4	60.1	60.5	58.6	55.2	60.2
2. Deferred income tax assets	0.1	1.6	0.8	0.1	0.1	0.1	0.1	0.4	0.4	0.4	0.0	1.9
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)	4,664.8	4,614.2	4,752.9	4,793.8	4,608.1	4,592.0	4,584.4	4,556.8	4,568.5	4,543.7	4,571.7	4,537.4
A. LIABILITIES (300=210+330)	2,740.7	2,734.0	2,921.1	3,008.4	3,041.9	3,061.6	3,080.3	3,090.1	3,126.4	3,122.0	3,166.2	3,147.9
I. Short -term liabilities	672.6	733.1	702.1	718.5	691.8	824.8	670.4	613.6	608.9	714.6	537.5	518.2
1. Short-term trade accounts payable	138.0	155.3	123.3	111.5	119.5	153.4	137.8	131.3	121.4	121.4	106.4	106.7
2. Short-term advances from customers	58.6	79.5	81.7	81.3	99.3	96.0	104.0	89.3	57.9	109.4	95.0	76.7
3. Taxes and other payables to state authorities	14.7	10.9	10.5	10.4	6.1	6.2	8.1	10.2	6.8	7.2	4.9	9.1
4. Payable to employees	11.5	18.4	10.9	10.7	10.0	16.5	8.8	9.8	10.6	15.0	9.1	8.5
5. Short-term acrrued expenses	42.2	20.4	28.6	21.0	24.7	17.6	14.8	12.9	19.7	35.9	39.2	35.0
6. Short-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.0	0.1	7.0	5.2	7.6
9. Other short-term payables	23.3	28.0	123.2	121.2	26.2	30.1	26.6	26.3	26.2	52.0	63.6	69.4
10. Short-term borrowings and financial leases	371.2	413.6	314.5	352.6	393.8	489.9	356.4	310.9	346.5	349.6	179.0	171.0
11. Provision for short-term liabilities	7.6	—	1.7	1.6	4.2	2.5	1.0	9.8	6.3	1.3	14.5	13.3
12.. Bonus and welfare fund	5.3	6.8	7.5	8.0	7.8	12.4	12.7	13.1	13.4	15.8	20.7	20.9
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	2,068.1	2,000.9	2,219.0	2,289.9	2,350.1	2,236.8	2,409.9	2,476.5	2,517.5	2,407.4	2,628.7	2,629.7
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	—	—	16.0	16.0	16.0	16.0	44.2	44.2	44.2	0.0	0.0	0.0
3. Long-term acrrued expenses	403.1	427.1	419.7	415.6	417.6	391.5	363.9	334.5	304.8	228.4	210.4	191.9
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	—	—	32.0	33.2	34.1	34.9	35.8	36.7	37.6	32.0	35.3	39.2
7. Other long-term liabilities	36.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	1,595.0	1,543.1	1,714.9	1,787.0	1,844.6	1,759.8	1,928.8	2,022.7	2,094.0	2,108.4	2,339.1	2,356.1
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	16.7	12.7	18.5	20.5	21.3	18.9	14.5	22.8	21.4	23.8	18.9	21.9
12. Provision for long-term liabilities	17.1	17.9	18.0	17.6	16.5	15.6	22.7	15.6	15.6	14.8	25.0	20.6
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)	1,924.1	1,880.2	1,831.7	1,785.5	1,566.3	1,530.3	1,504.1	1,466.7	1,442.1	1,421.7	1,405.5	1,389.5
I. Owner's equity	1,924.1	1,880.2	1,831.7	1,785.5	1,566.3	1,530.3	1,504.1	1,466.7	1,442.1	1,421.7	1,405.5	1,389.5
1. Owner's capital	630.0	630.0	630.0	630.0	630.0	630.0	630.0	630.0	630.0	630.0	630.0	630.0
- Common stock with voting right	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00	629,999,970,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	411.9	411.9	411.9	411.9	383.6	383.6	383.6	383.6	383.6	383.6	383.6	383.6
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	0.0
5. Treasury shares	—	—	—	—	-155,036,000,000.00	-155,036,000,000.00	-155,036,000,000.00	-155,036,000,000.00	-155,036,000,000.00	-155,036,000,000.00	-155,036,000,000.00	-155,036,000,000.00
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	53.5	55.8	55.8	55.8	55.8	53.5	53.5	53.5	53.5	55.8	55.8	55.8
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	560.9	529.4	483.7	475.4	422.8	395.8	370.9	342.8	317.8	287.2	280.4	255.5
- Accumulated retained earning at the end of the previous period	520.7	382.2	382.2	383.5	384.2	289.1	289.1	289.3	289.6	214.9	229.1	218.3
- Undistributed earnings in this period	40.2	147.2	101.4	91.9	38.6	106.7	81.7	53.4	28.2	72.2	51.2	37.1
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	267.9	253.1	250.4	212.3	229.0	222.4	221.1	211.8	212.2	220.1	210.7	219.6
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)	4,664.8	4,614.2	4,752.9	4,793.8	4,608.1	4,592.0	4,584.4	4,556.8	4,568.5	4,543.7	4,571.7	4,537.4

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	49.3	47.1	51.0	38.8	44.8	28.8	41.2	26.4	35.2	17.5	20.8	48.3
Depreciation of Fixed Assets and Investment Property	41.4	61.7	20.3	37.4	35.9	34.3	28.9	34.1	31.9	30.4	31.9	31.0
Provision (Increase)/Reversal	7.6	-3.0	0.5	-0.4	1.8	-5.6	1.1	0.3	5.9	-23.2	11.8	-4.2
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	2.3	-7.0	16.5	27.2	-0.4	-0.2	-0.1	-0.1	-0.4	1.4	-1.9	0.1
Interest Expense	38.3	41.6	40.2	43.5	41.9	50.4	38.6	46.8	50.2	59.8	49.9	61.6
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	138.9	140.4	128.6	146.6	124.0	107.7	109.6	107.4	122.7	85.9	112.6	136.9
Increase/(Decrease) in Receivables	-55.6	-0.3	-35.3	22.2	-21.0	9.3	51.3	40.7	-50.6	169.7	-84.5	-11.2
Increase/(Decrease) in Inventory	14.6	41.0	57.8	6.0	-24.5	-16.3	-117.4	-32.9	-7.0	12.6	-15.7	-25.6
Increase/(Decrease) in Payables (Excl. Interest and CIT)	9.9	-83.5	146.2	-104.6	21.7	3.9	85.1	-36.7	39.2	-152.6	72.6	55.8
Increase/(Decrease) in Prepaid Expenses	8.2	2.3	1.8	4.1	2.6	2.8	-2.8	6.1	-2.0	-3.9	5.5	3.6
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-38.3	-51.4	-63.1	-20.7	-41.9	-50.4	-99.7	14.3	-50.2	70.5	-70.5	-41.0
Corporate Income Tax Paid	-2.1	-7.3	-1.4	-2.7	-2.4	-5.4	-2.6	-0.0	-2.4	-2.3	-3.1	-0.8
Other Operating Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-1.5	-3.7	-0.3	-2.4	-2.7	-0.4	0.3	-1.0	-2.5	-4.7	4.0	-3.8
Net Cash Flow from Operating Activities	73.9	37.6	234.2	48.6	55.8	51.2	23.7	98.0	47.4	175.2	20.9	113.8
Payments for Fixed Assets and Other Long-term Assets	-65.6	-3.3	-143.0	-85.6	-37.4	-55.1	-5.3	-7.0	-11.4	-118.9	5.5	-5.9
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	31.8	—	0.1	—	0.0	-0.0	0.0	0.0	0.1	-0.3	0.3
Loans and Purchases of Debt Instruments	-5.2	-10.5	-3.0	-7.0	—	0.6	2.0	0.3	-6.4	-5.0	-4.0	-0.1
Receipts from Loan Repayments and Sale of Debt Instruments	—	3.1	—	6.9	—	-5.0	-0.0	-5.1	13.7	0.0	0.0	0.0
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	-2.4	2.4	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	2.4	-2.4	2.4
Dividends and Interest Income Received	0.2	-0.1	0.3	0.1	0.4	0.2	0.1	0.1	0.4	-1.5	1.9	-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	-70.6	28.0	-152.8	-85.4	-37.0	-59.3	-3.3	-11.6	-3.8	-125.3	3.1	-3.4
Proceeds from Equity Issuance and Capital Contributions	11,120,427.00	—	—	—	—	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
Proceeds from Borrowings	130.5	103.9	118.4	156.3	181.1	0.0	176.0	199.7	99.0	167.3	-0.5	-21.3
Repayment of Borrowings	-121.0	-173.7	-229.6	-256.3	-190.1	0.0	-67.4	-305.4	-117.2	-234.5	-1.2	-94.0
Repayment of Finance Leases	—	-2.0	—	-1.2	—	0.0	-104.4	-0.6	0.0	-1.2	1.2	-1.2
Dividends Paid	—	-0.1	—	—	—	0.0	0.0	0.0	0.0	-0.1	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	9.5	-73.1	-109.9	82.0	-8.9	0.0	4.2	-106.2	-18.3	-68.5	-0.5	-116.5
Net Cash Flow During the Period	12.8	-7.5	-28.4	45.2	9.8	-8.0	24.7	-19.9	25.3	-18.7	23.6	-6.1
Cash and Cash Equivalents at Beginning of Period	56.1	63.6	92.0	46.9	37.1	23.1	23.1	23.1	23.1	53.3	53.3	53.3
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	68.9	56.1	63.6	92.0	46.9	45.1	53.2	28.5	48.4	23.1	41.7	18.2

Explore Other Stocks In The Same Sector

LGC, HHV, CII, HTI, TSG, BOT

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

CTI

What Is Changing

Drivers of CTI'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