L43

Lilama 45.3 ·UPCOM ·2024Q3

▼▼ Declining sharply

Margins remain under pressure Net margin −84.80%, −35.22pp YoY

Price

2,300

Latest close

03 Jun 2026

P/E -1.35x

P/B 0.61x

EPS -1,705

BVPS 3,791

ROE -35.1%

ROA -1.6%

Profit Margin -84.8%

Asset Turnover 0.02x

Equity Mult. 21.34x

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

What Is Changing

On a TTM 2024Q3 basis, L43 is under pressure on both revenue and margins simultaneously — profit is at an all-time high. More notably, most of the profit comes from non-core sources — this needs careful evaluation before concluding on growth quality.

	                            
	                                TTM REVENUE
	                            
	                                    VND 7bn
	                                
−75.7%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    −VND 6bn
	                                
+58.4%YoY

	                            
	                                Net financial result / PBT
	                            
	                                    79.7%
	                                
affects earnings quality

Metric	2025	2024	2023	2022	2021
Revenue	7.3	11.7	3.7	37.0	37.7
Growth	-38%	+218%	-90%	-2%	—
Net Income	-5.4	-7.0	-13.2	-8.9	-9.9
Net Margin	-74.27%	-59.45%	-357.64%	-24.07%	-26.37%

Metric	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
Revenue	4.9	1.4	0.7	0.0	2.2	0.8	25.6	0.4	2.2	8.8	3.3	9.2
Growth	+240%	+110%	—	-100%	+162%	-97%	+6950%	-84%	-74%	+163%	-64%	—
Net Income	-2.4	-0.4	-2.4	-0.8	-4.7	-5.3	-3.9	-0.4	-4.4	-0.1	-7.3	-2.6
Net Margin	-48.29%	-29.09%	-351.84%	—	-215.83%	-641.64%	-15.38%	-119.09%	-197.26%	-1.13%	-219.66%	-28.22%

Drivers of L43's profit

TTM

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

Finance costs ↓ 8.6bn

Administrative expenses ↓ 3.7bn

Other profit ↑ 1.8bn

Gross profit ↑ 1.0bn

Financial income ↓ 6.7bn

TTM

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

Gross profit ↑ 1.5bn

Administrative expenses ↓ 0.5bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2023Q3 -53.8% = -51.4% × 0.08 × 13.58

2024Q3 -35.1% = -84.8% × 0.02 × 21.34

ROE rose from -53.8% to -35.1% — mainly driven by leverage, despite net margin and asset turnover moving in the opposite direction.

Net margin: -84.8% -33.4pp Asset turnover: 0.02x -0.06x Leverage: 21.34x +7.76x

Is the profit sustainable?

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

very positive positive stable watch under pressure

What is driving the margin?

Net margin fell to -84.80%, losing 35.2pp. The main pressure is SG&A / Revenue rose 32.6pp, outweighing the improvement in Gross margin rose 19.2pp (in addition, Other profit / Revenue rose 22.8pp added support while Net financial result / Revenue fell 44.6pp remained a drag).

Margin is under pressure from multiple sides — temporary and structural components need to be separated to properly assess the risk.

Profitability trend

Net Margin -84.80% −35.2pp

Gross Margin 20.97% +19.2pp

SG&A / Revenue 60.13% +32.6pp

Non-core / Revenue -45.64% −21.8pp

TTM YoY · 2023Q2 -> 2024Q3

Watchpoints

Financial result share remains high

Even though contribution decreased by 21.8pp, financial result still accounts for 105.6% of PBT — earnings durability should be monitored in coming periods.

Is capital being used efficiently?

Return on capital rose, but cash cycle lengthened by 10092.3 days — working capital needs watching.

Is capital being deployed efficiently?

ROIC expanded to -6.28%, rising 4.1pp. That translates to -6.28 in after-tax operating profit for every 100 units of operating capital. The main driver is capital turnover fell 0.15x — the business is generating more revenue per unit of capital, with NOPAT margin narrowed 58.1pp; with invested capital holding roughly steady.

Capital turnover improved — a positive signal on asset efficiency, but with ROIC still low, NOPAT margin also needs to lift in coming periods to produce meaningful returns.

Watchpoints

ROIC remains low

ROIC is currently -6.28% — below the typical cost-of-capital threshold; worth tracking whether upcoming periods can rise above this level.

CAPITAL EFFICIENCY TREND

ROIC -6.28% +4.1pp

NOPAT Margin -106.74% −58.1pp

Capital Turnover 0.06x −0.15x

Average Invested Capital 119.6bn −15.8bn

Balance Sheet

ROIC is improving — the asset structure below shows how capital is being allocated. Leverage is very high, with clear pressure on the capital structure — liabilities at 61.35x equity, net debt at 7.77x equity.

Inventory ended the period at 156.0bn, roughly 48.1% of total assets.

Over the last 12 months, working capital released 0.7bn of cash, mainly thanks to lower receivables and lower inventories. Pressure from lower payables only partly offset that benefit.

Working Capital Drivers

Receivables decreased → higher CFO: +25.4bn

Inventories decreased → higher CFO: +6.9bn

Payables decreased → lower CFO: −31.6bn

Working Capital Efficiency

The inventory build-up noted above is reflected in a longer cash cycle. Cash conversion cycle lengthened by 10092.3 days versus the same period last year. The main moves came from DIO rose 8766.3 days, DSO rose 6461.0 days, and DPO rose 5135.1 days.

Working capital cycle lengthened mainly due to slower inventory turnover — more capital is being tied up in inventory.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 13108.9 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Receivables collection is slowing

DSO increased by +6461.0 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 8631.6 days +6461.0 days

Inventory 10821.9 days +8766.3 days

Payables 6344.6 days +5135.1 days

Cash Conversion Cycle 13108.9 days +10092.3 days

Is financial risk significant?

High leverage combined with negative operating cash flow — this area needs close monitoring.

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 7.77x and interest coverage only at -1.55x.

At present, short-term debt accounts for 100.0% of total debt, cash equals 0.4% of debt, and total debt stands at 103.6bn.

Watchpoints

Net leverage is elevated

Net debt / equity stands at 7.77x, increasing balance-sheet pressure.

Interest coverage is thin

Interest coverage is -1.55x, leaving limited room to absorb financing costs.

Leverage and liquidity trend

Net Debt / Equity 7.77x +2.85x

Interest Coverage -1.55x −0.50x

Cash / Debt 0.4% −0.7pp

Short-term Debt / Total Debt 100.0% 0.0pp

CFO / NI 1.82x +2.48x

TTM YoY · 2023Q2 -> 2024Q3

Cash Flow

High leverage combined with cash flow below reveals the actual liquidity pressure. Operating cash flow reached -6.4bn in 2025, against investing cash flow of 18.0bn.

Post-investment cash flow was positive +11.6bn. Financing cash flow was negative +3.8bn.

CFO / net income was 1.82x.

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 10.8bn −20.4bn

Cash Capex — —

FCF TTM — —

Investment Takeaway

The business is showing a few weaker signals, but the current magnitude is not yet clear enough to conclude that this is a broader weakening phase. Even so, earnings quality still needs closer monitoring because net financial result remains elevated. The main risk still sits in core profitability, with net margin down 35.2 pp.

Watchpoint: cash flow is currently keeping pace with accounting earnings, with CFO / net income at 1.82x. Even so, net financial result still accounts for 79.7% of PBT, so the earnings mix still needs monitoring.

Key risk: profitability remains under pressure, with trailing-12M net margin at -84.80% after a 35.2pp decline versus the same period last year.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	7.3	11.7	3.7	37.0	37.7
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	7.3	11.7	3.7	37.0	37.7
Cost of Goods Sold	15.4	10.0	4.1	33.6	0.0
Gross Profit	-8.2	1.7	-0.4	3.4	9.9
Financial Income	0.0	0.0	0.1	6.8	0.0
Financial Expenses	4.0	4.8	8.0	13.0	-14.4
Interest Expense	4.0	4.8	8.0	13.0	-14.4
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	0.0
Selling Expenses	—	0.0	0.0	0.0	0.0
General and Administrative Expenses	4.8	4.8	5.5	5.9	-5.5
Operating Profit	-16.9	-7.8	-13.8	-8.8	-9.9
Other Income	11.5	0.9	0.8	0.0	0.0
Other Expenses	0.0	0.0	0.2	0.1	0.0
Other Profit	11.5	0.9	0.6	-0.1	-0.0
Profit Before Tax	-5.4	-7.0	-13.2	-8.9	-9.9
Current Income Tax Expense	—	0.0	0.0	0.0	0.0
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	-5.4	-7.0	-13.2	-8.9	-9.9
Non-controlling Interest	—	0.0	0.0	0.0	0.0
Profit Attributable to Parent	-5.4	-7.0	-13.2	-8.9	-9.9
Earnings per Share	-1,543.00	-1,990.00	-3,761.00	-2,544.00	-2,838.00
Diluted EPS	-1,542.52	-1,990.22	-3,761.37	-2,544.40	-2,838.10

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	322.3	346.0	345.1	364.3	373.2
I. Cash and cash equivalents	8.2	0.4	0.7	10.8	11.4
1. Cash	8.2	0.4	0.7	10.8	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	153.3	173.7	176.0	189.1	200.3
1. Short-term trade accounts receivable	130.6	159.4	160.7	174.4	0.0
2. Short-term prepayments to suppliers	13.8	14.0	14.6	12.4	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	11.9	3.4	3.8	5.4	0.0
7. Provision for short-term doubtful debts (*)	-3.1	-3.1	-3.1	-3.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	156.0	167.4	164.8	161.1	161.5
1. Inventories	156.0	167.4	164.8	161.1	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	4.9	4.5	3.6	3.2	0.0
1. Short-term prepayments	—	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	4.9	4.5	3.6	3.2	0.0
3. Taxes and other receivables from state authorities	—	0.0	0.0	0.0	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	—	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	1.7	9.6	11.9	15.8	39.8
I. Long-term receivables	—	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.0
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	—	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	1.7	8.0	10.2	14.0	17.3
1. Tangible fixed assets	1.7	8.0	10.2	14.0	17.3
- Cost	28.8	48.3	61.1	77.3	0.0
- Accumulated depreciation	-27.1	-40.3	-50.9	-63.3	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	—	0.0	0.0	0.0	0.0
- Cost	0.1	0.1	0.1	0.1	0.0
- Accumulated depreciation	-0.1	-0.1	-0.1	-0.1	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	—	0.0	0.0	0.0	0.0
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	—	0.0	0.0	0.0	0.0
V. Long-term financial investments	—	0.0	0.0	0.0	20.7
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	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	—	1.7	1.7	1.8	0.0
1. Long-term prepayments	—	1.7	1.7	1.8	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	1.8
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)	323.9	355.6	357.0	380.0	413.0
A. LIABILITIES (300=210+330)	318.7	345.0	339.4	349.3	374.8
I. Short -term liabilities	318.7	345.0	339.4	349.3	374.8
1. Short-term trade accounts payable	75.5	95.7	95.6	98.8	112.5
2. Short-term advances from customers	10.3	11.9	10.0	9.3	19.4
3. Taxes and other payables to state authorities	10.8	11.0	13.3	13.0	0.0
4. Payable to employees	1.3	2.5	1.9	1.6	0.0
5. Short-term acrrued expenses	16.7	18.5	19.3	18.3	0.0
6. Short-term inter-company payables	—	0.0	25.6	25.6	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	79.6	77.2	72.4	67.0	0.0
10. Short-term borrowings and financial leases	124.3	128.1	101.1	115.5	120.1
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.2	0.2	0.2	0.2	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	—	0.0	0.0	0.0	0.0
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	—	0.0	0.0	0.0	0.0
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0	0.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	5.2	10.6	17.6	30.7	38.2
I. Owner's equity	5.2	10.6	17.6	30.7	0.0
1. Owner's capital	35.0	35.0	35.0	35.0	38.2
- Common stock with voting right	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	4.3	4.3	4.3	4.3	4.3
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	—	0.0	0.0	0.0	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	0.4	0.4	0.4	0.4	0.0
11. Undistributed earnings after tax	-34.4	-29.0	-22.1	-8.9	-36.1
- Accumulated retained earning at the end of the previous period	-29.0	-22.1	-8.9	0.0	-28.8
- Undistributed earnings in this period	-5.4	-7.0	-13.2	-8.9	-7.3
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)	323.9	355.6	357.0	380.0	413.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	-5.4	-7.0	-13.2	0.0	0.0
Depreciation of Fixed Assets and Investment Property	1.4	2.2	2.9	0.0	0.0
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	-11.5	-0.7	-0.9	0.0	0.0
Interest Expense	4.0	4.8	8.0	0.0	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	-11.5	-0.7	-3.2	0.0	0.0
Increase/(Decrease) in Receivables	20.1	1.4	12.8	0.0	0.0
Increase/(Decrease) in Inventory	11.4	-2.5	-3.7	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-26.6	-0.4	-3.1	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	0.0	0.0	0.0	0.0	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	0.1	-0.2	-0.4	0.0	0.0
Corporate Income Tax Paid	—	0.0	0.0	0.0	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	—	0.0	0.0	-10.2	0.0
Net Cash Flow from Operating Activities	-6.4	-2.5	2.4	-23.4	-19.9
Payments for Fixed Assets and Other Long-term Assets	—	0.0	0.0	0.0	0.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	18.0	0.8	1.7	0.0	0.0
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	27.5	0.0
Dividends and Interest Income Received	0.0	0.0	0.1	0.0	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	18.0	0.8	1.9	27.5	0.0
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	2.8	10.8	2.7	30.3	37.3
Repayment of Borrowings	-6.7	-9.5	-17.0	-34.9	-13.6
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	0.0	0.0	0.0
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-3.8	1.4	-14.4	-4.6	23.7
Net Cash Flow During the Period	7.7	-0.3	-10.1	-0.5	10.3
Cash and Cash Equivalents at Beginning of Period	0.4	0.7	10.8	11.3	7.6
FX Difference from Revaluation	—	0.0	0.0	0.0	-0.0
Cash and Cash Equivalents at End of Period	8.2	0.4	0.7	10.8	11.4

Item	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
Revenue	4.9	1.4	0.7	0.0	2.2	0.8	25.6	0.4	2.2	8.8	3.3	9.2
Revenue Deductions	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	4.9	1.4	0.7	0.0	2.2	0.8	25.6	0.4	2.2	8.8	3.3	9.2
Cost of Goods Sold	4.9	0.2	0.4	0.0	3.7	0.0	24.7	0.0	2.3	6.5	0.0	0.0
Gross Profit	0.0	1.2	0.2	0.0	-1.5	0.8	0.9	0.3	-0.0	2.3	1.3	1.2
Financial Income	0.0	0.0	0.0	0.1	0.0	0.1	0.0	6.7	0.0	0.0	0.0	0.0
Financial Expenses	1.2	1.2	1.2	1.3	1.4	4.2	3.1	4.8	3.4	1.7	-6.2	-2.8
Interest Expense	1.2	1.2	1.2	1.3	1.4	4.2	3.1	4.8	3.4	1.7	-6.2	-2.8
Share of Associates and Joint Ventures	0.0	0.0	0.0	0.0	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	0.0	0.0	0.0
General and Administrative Expenses	1.2	1.2	1.0	0.8	1.7	1.9	1.7	2.6	1.0	0.6	-2.4	-1.0
Operating Profit	-2.4	-1.2	-2.0	-2.0	-4.5	-5.3	-3.9	-0.4	-4.4	-0.1	-7.3	-2.6
Other Income	0.0	0.9	0.3	1.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Expenses	0.0	0.1	0.7	0.2	0.1	0.0	0.0	0.1	0.0	0.0	0.0	0.0
Other Profit	-0.0	0.8	-0.4	1.2	-0.1	-0.0	-0.0	-0.1	-0.0	0.0	0.0	0.0
Profit Before Tax	-2.4	-0.4	-2.4	-0.8	-4.7	-5.3	-3.9	-0.4	-4.4	-0.1	-7.3	-2.6
Current Income Tax Expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Income Tax Expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	-2.4	-0.4	-2.4	-0.8	-4.7	-5.3	-3.9	-0.4	-4.4	-0.1	-7.3	-2.6
Non-controlling Interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	-2.4	-0.4	-2.4	-0.8	-4.7	-5.3	-3.9	-0.4	-4.4	-0.1	-7.3	-2.6
Earnings per Share	-677.00	-120.00	-690.00	-218.00	-1,337.00	-1,517.00	-1,125.00	-124.00	-1,268.00	-28.00	-2,097.00	-744.00
Diluted EPS	-677.26	-120.02	-689.84	-218.33	-1,336.61	-1,516.59	-1,124.98	-123.52	-1,267.53	-28.38	-2,097.16	-744.43

Item	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	345.7	347.8	345.1	346.2	355.8	358.1	380.5	366.0	356.2	363.0	373.2	364.2
I. Cash and cash equivalents	0.5	0.6	0.7	0.2	1.2	1.5	10.8	5.3	8.9	11.1	11.4	1.1
1. Cash	0.5	0.6	0.7	0.2	1.2	1.5	10.8	5.3	6.7	8.9	0.0	0.0
2. Cash equivalents	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.2	2.2	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	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	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	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	0.0	0.0	0.0	0.0
III. Short-term receivables	172.8	177.6	176.0	179.1	189.3	189.8	208.6	193.4	188.8	195.4	200.3	202.9
1. Short-term trade accounts receivable	159.9	159.8	160.7	164.2	173.0	173.3	193.9	169.8	171.3	179.3	0.0	0.0
2. Short-term prepayments to suppliers	12.4	17.1	14.6	14.1	13.9	13.9	12.4	19.2	14.3	12.5	0.0	0.0
3. Short-term inter-company receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	5.1	6.0	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	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	0.0	0.0	0.0	0.0
6. Other short-term receivables	3.5	3.8	3.8	3.9	5.5	5.7	5.4	7.5	1.1	0.8	0.0	0.0
7. Provision for short-term doubtful debts (*)	-3.1	-3.1	-3.1	-3.1	-3.1	-3.1	-3.1	-3.1	-3.1	-3.1	0.0	0.0
8. Assets awaiting resolution	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	168.0	165.9	164.8	163.5	161.9	163.4	161.1	167.3	158.5	156.5	161.5	160.2
1. Inventories	168.0	165.9	164.8	163.5	161.9	163.4	161.1	167.3	158.5	156.5	0.0	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	0.0	0.0	0.0	0.0
V. Other short-term assets	4.5	3.6	3.6	3.5	3.4	3.4	0.0	0.0	0.0	0.0	0.0	0.0
1. Short-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. Value added tax to be reclaimed	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	0.0	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
5. Other short-term assets	4.5	3.6	3.6	3.5	3.4	3.4	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	10.1	11.2	11.9	13.2	14.2	15.0	15.8	16.6	39.1	39.6	39.8	41.7
I. Long-term receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	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	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	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	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	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	0.0	0.0	0.0	0.0
6. Other long-term receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
II. Fixed assets	8.5	9.5	10.2	11.5	12.4	13.2	14.0	14.8	15.6	16.5	17.3	18.1
1. Tangible fixed assets	8.5	9.5	10.2	11.5	12.4	13.2	14.0	14.8	15.6	16.5	17.3	18.1
- Cost	54.5	56.7	61.1	71.5	77.3	77.3	77.3	77.3	77.3	77.3	0.0	0.0
- Accumulated depreciation	-46.0	-47.2	-50.9	-60.0	-64.8	-64.1	-63.3	-62.5	-61.6	-60.8	0.0	0.0
2. Financial leased fixed assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	0.0	0.0	0.0	0.0	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	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	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	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	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	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	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	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	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	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	0.0	0.0	0.0	0.0
V. Long-term financial investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	20.7	20.7	20.7	20.7
1. Investments in subsidiaries	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. Investments in associates, joint-ventures	0.0	0.0	0.0	0.0	0.0	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	0.0	20.7	20.7	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	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	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	0.0	0.0	0.0	0.0
VI. Other long-term assets	1.7	1.7	1.7	1.7	1.7	1.8	1.8	1.8	2.8	2.4	0.0	0.0
1. Long-term prepayments	1.7	1.7	1.7	1.7	1.7	1.8	1.8	1.8	2.8	2.4	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	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	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	0.0	0.0	0.0	1.8	2.9
5. Goodwill	0.0	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	355.9	359.0	357.0	359.5	369.9	373.0	396.3	382.6	395.3	402.6	413.0	405.9
A. LIABILITIES (300=210+330)	342.6	341.8	339.4	339.5	349.2	347.6	365.5	347.9	360.2	363.1	374.8	360.3
I. Short -term liabilities	342.6	341.8	339.4	339.5	349.2	347.6	365.5	347.9	360.2	363.1	374.8	360.3
1. Short-term trade accounts payable	97.6	95.5	95.6	95.8	95.8	95.9	98.8	92.3	92.8	104.8	112.5	113.3
2. Short-term advances from customers	10.0	12.1	10.0	9.7	17.7	17.8	28.7	19.2	20.6	19.1	19.4	10.3
3. Taxes and other payables to state authorities	10.7	12.0	13.3	13.2	13.1	12.8	9.7	9.8	10.4	10.4	0.0	0.0
4. Payable to employees	2.2	1.5	1.9	1.9	1.7	1.5	1.6	0.8	1.1	0.2	0.0	0.0
5. Short-term acrrued expenses	16.7	19.3	19.3	19.3	19.3	18.3	18.3	17.3	17.4	17.4	0.0	0.0
6. Short-term inter-company payables	25.6	25.6	25.6	25.6	25.6	25.6	0.0	0.0	46.0	45.4	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	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	0.0	0.0	0.0	0.0
9. Other short-term payables	75.9	73.1	72.4	73.6	72.5	70.6	67.0	66.2	50.0	46.9	0.0	0.0
10. Short-term borrowings and financial leases	103.6	102.5	101.1	100.1	103.3	104.9	141.1	142.1	121.7	118.7	120.1	118.8
11. Provision for short-term liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.0	0.0
13. Price stabilization fund	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term trade payables	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. Long-term advances from customers	0.0	0.0	0.0	0.0	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	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	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	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	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	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	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	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	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	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	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	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	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	13.3	17.1	17.6	20.0	20.7	25.4	30.7	34.7	35.1	39.5	38.2	45.6
I. Owner's equity	13.3	17.1	17.6	20.0	20.7	25.4	30.7	34.7	35.1	39.5	0.0	0.0
1. Owner's capital	35.0	35.0	35.0	35.0	35.0	35.0	35.0	35.0	35.0	35.0	38.2	45.6
- Common stock with voting right	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00	35,000,000,000.00
- Preferred stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3
3. Convertible bond option	0.0	0.0	0.0	0.0	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	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	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	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	0.0	0.0	0.0	0.0
8. Investment and development fund	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	33.0	0.0	0.0
9. Fund to support corporate restructuring	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	2.1	0.0	0.0
11. Undistributed earnings after tax	-26.4	-22.5	-22.1	-19.7	-18.9	-14.2	-8.9	-5.0	-4.5	-34.8	-36.1	-28.8
- Accumulated retained earning at the end of the previous period	-24.0	-22.1	-19.7	-18.9	-14.2	-8.9	-5.0	-4.5	-0.1	-34.7	-28.8	-26.2
- Undistributed earnings in this period	-2.4	-0.4	-2.4	-0.8	-4.7	-5.3	-3.9	-0.4	-4.4	-0.1	-7.3	-2.6
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	0.0
13. Minority's interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Financial reserves	0.0	0.0	0.0	0.0	0.0	0.0	0.0	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	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	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	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	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	355.9	359.0	357.0	359.5	369.9	373.0	396.3	382.6	395.3	402.6	413.0	405.9

Item	Q4'25	Q3'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Profit Before Tax	-5.4	-3.9	-0.4	-2.4	-0.8	-10.0	0.0	0.0	0.0	0.0	0.0	0.0
Depreciation of Fixed Assets and Investment Property	1.4	1.0	0.6	0.6	0.7	1.6	0.0	0.0	0.0	0.0	0.0	0.0
Provision (Increase)/Reversal	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	0.0	0.0
Gain/Loss from Investment Activities	-11.5	-0.1	-0.8	0.4	-1.3	-0.1	0.0	0.0	0.0	0.0	0.0	0.0
Interest Expense	4.0	2.4	1.2	1.2	1.3	5.6	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	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	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	0.0	0.0
Other Adjustments	—	0.0	0.0	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	-11.5	-0.5	0.6	-0.2	-0.1	-2.9	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Receivables	20.1	4.0	-1.7	3.0	1.4	8.4	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Inventory	11.4	-2.1	-1.1	-1.3	-1.7	-0.7	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-26.6	3.7	-6.5	-2.2	1.1	-1.9	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	0.0	0.1	-0.0	-0.0	0.0	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	0.0	0.0
Interest Paid	0.1	-6.5	6.4	-0.0	-0.1	-0.3	0.0	0.0	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	—	0.0	0.0	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	-0.1	0.0	0.1	0.0	0.0
Other Operating Payments	—	0.0	0.0	0.0	0.0	1.5	-1.5	-7.0	0.0	-2.2	-0.9	0.0
Net Cash Flow from Operating Activities	-6.4	-1.3	-2.4	-0.7	0.6	1.8	0.7	6.5	-23.5	-11.3	4.9	9.0
Payments for Fixed Assets and Other Long-term Assets	—	0.0	0.0	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	18.0	0.1	0.9	0.3	1.4	0.0	0.0	-20.7	20.7	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	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	0.0	0.0
Investments in Other Entities	—	0.0	0.0	0.0	0.0	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	27.5	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	0.0	0.0	0.0	0.0	0.1	0.1	0.0	-6.7	6.7	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	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	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	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	0.0	0.0
Net Cash Flow from Investing Activities	18.0	0.1	0.9	0.3	1.5	0.1	0.0	0.0	27.4	0.0	0.0	0.0
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	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	2.8	3.8	4.0	2.5	0.1	0.0	0.0	5.7	14.0	9.5	1.2	1.3
Repayment of Borrowings	-6.7	-2.7	-2.6	-1.6	-3.3	-1.6	-10.6	-6.7	-19.2	-6.4	-2.6	0.0
Repayment of Finance Leases	—	0.0	0.0	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	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	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	0.0	0.0
Net Cash Flow from Financing Activities	-3.8	1.1	1.4	1.0	-3.2	-1.6	-10.6	-1.0	-5.2	3.1	-1.4	1.3
Net Cash Flow During the Period	7.7	-0.2	-0.1	0.6	-1.0	0.2	-9.8	5.5	-1.3	-8.2	3.5	10.3
Cash and Cash Equivalents at Beginning of Period	0.4	0.7	0.7	10.8	10.8	10.8	11.3	11.3	11.3	11.3	7.6	1.1
FX Difference from Revaluation	—	0.0	0.0	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	8.2	0.5	0.6	0.7	0.2	1.2	1.5	10.8	5.3	6.7	11.1	11.4

Explore Other Stocks In The Same Sector

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

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

L43

What Is Changing

Drivers of L43'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