MTS

Vật tư - TKV ·UPCOM ·2026Q1

▲ Slightly positive

Price

9,200

Latest close

18 May 2026

P/E 5.31x

P/B 0.72x

EPS 1,733

BVPS 12,742

ROE 14.0%

ROA 2.9%

Profit Margin 0.6%

Asset Turnover 4.74x

Equity Mult. 4.84x

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

What Is Changing

On a TTM 2026Q1 basis, MTS is showing some signs of improvement versus the same period, but the current picture is not yet broad enough to confirm a stronger trend — profit is at an all-time high. However, profit is significantly supported by non-core sources and operating cash flow is not yet positive — the improvement signal needs more time to confirm.

	                            
	                                TTM REVENUE
	                            
	                                    VND 4,272bn
	                                
+4.9%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 26bn
	                                
+69.3%YoY

	                            
	                                Non-core income / PBT
	                            
	                                    50.6%

Metric	2025	2024	2023	2022	2021
Revenue	4,132.9	4,080.6	4,339.3	5,399.9	3,946.8
Growth	+1%	-6%	-20%	+37%	—
Net Income	21.7	15.0	15.3	16.7	16.7
Net Margin	0.53%	0.37%	0.35%	0.31%	0.42%

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	1,222.7	1,090.5	893.2	1,065.1	1,084.1	1,026.0	862.9	1,099.0	1,092.7	1,156.3	1,092.9	1,041.0
Growth	+12%	+22%	-16%	-2%	+6%	+19%	-21%	+1%	-5%	+6%	+5%	—
Net Income	8.7	6.3	5.7	5.3	4.5	4.6	3.1	3.2	4.1	0.8	8.4	3.0
Net Margin	0.71%	0.57%	0.64%	0.50%	0.41%	0.45%	0.35%	0.29%	0.37%	0.07%	0.77%	0.29%

Drivers of MTS's profit

TTM

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

Gross profit ↑ 43.9bn

Other profit ↑ 19.9bn

Administrative expenses ↑ 32.1bn

Selling expenses ↑ 14.7bn

Finance costs ↑ 4.3bn

Tax ↑ 3.9bn

TTM

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

Gross profit ↑ 20.5bn

Administrative expenses ↑ 10.9bn

Selling expenses ↑ 2.3bn

Finance costs ↑ 2.1bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 8.5% = 0.4% × 5.81 × 3.86

2026Q1 14.0% = 0.6% × 4.74 × 4.84

ROE rose from 8.5% to 14.0% — mainly driven by leverage, despite asset turnover moving in the opposite direction.

Net margin: 0.6% +0.2pp Asset turnover: 4.74x -1.06x Leverage: 4.84x +0.98x

Is the profit sustainable?

Accounting profit is positive but operating cash flow has not caught up — needs more time to confirm.

very positive positive stable watch under pressure

What is driving the margin?

Net margin stands at 0.61%, 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 0.61% +0.2pp

Gross Margin 5.17% +0.8pp

SG&A / Revenue 4.51% +0.9pp

Non-core / Revenue 0.11% +0.4pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Other income is supporting margin

Other income accounts for 50.6% of PBT and lifted net margin by 0.4pp — separate the operating contribution from this source.

Is capital being used efficiently?

Capital efficiency is declining — check whether the drag is from margins or turnover.

Is capital being deployed efficiently?

ROIC fell to 3.51%, losing 3.6pp. That translates to 3.51 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin narrowed 0.2pp and capital turnover fell 3.53x, while invested capital expanded strongly by 90bn — pressure came from both operational efficiency and asset efficiency.

Both margin and turnover weakened — this is a broad-based decline, and cyclical versus structural components need to be separated.

Watchpoints

ROIC remains low

ROIC is currently 3.51% — below the typical cost-of-capital threshold; worth tracking whether upcoming periods can rise above this level.

CAPITAL EFFICIENCY TREND

ROIC 3.51% −3.6pp

NOPAT Margin 0.29% −0.2pp

Capital Turnover 12.26x −3.53x

Average Invested Capital 348.4bn +90.5bn

Balance Sheet

ROIC declined — the balance sheet shows how capital is being deployed. Leverage is elevated, requiring monitoring — liabilities at 2.56x equity, net debt at 1.23x equity.

Inventory ended the period at 111.3bn, roughly 17.2% of total assets.

Over the last 12 months, working capital absorbed 215.2bn of cash, mainly because of higher receivables and higher inventories. Part of that drag was offset by higher payables.

Working Capital Drivers

Receivables increased → lower CFO: −413.9bn

Inventories increased → lower CFO: −73.3bn

Payables increased → higher CFO: +272.1bn

Working Capital Efficiency

Cash conversion cycle lengthened by 4.0 days versus the same period last year. The main moves came from DIO rose 0.2 days, DSO rose 11.8 days, and DPO rose 8.0 days.

Working capital cycle lengthened mainly due to slower receivables collection — receivables quality needs monitoring.

Watchpoints

Cash conversion cycle is lengthening

CCC is up by +4.0 days, indicating weaker working-capital turnover versus the prior year.

Receivables collection is slowing

DSO increased by +11.8 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 49.3 days +11.8 days

Inventory 13.8 days +0.2 days

Payables 40.5 days +8.0 days

Cash Conversion Cycle 22.6 days +4.0 days

Is financial risk significant?

Leverage is safe but FCF is negative at 151.3bn due to capex of 29.6bn — an investment choice, not an urgent risk.

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 1.23x and interest coverage only at 1.35x.

At present, short-term debt accounts for 91.9% of total debt, cash equals 8.8% of debt, and total debt stands at 258.3bn.

Watchpoints

Net leverage is elevated

Net debt / equity stands at 1.23x, increasing balance-sheet pressure.

Interest coverage is thin

Interest coverage is 1.35x, leaving limited room to absorb financing costs.

Leverage and liquidity trend

Net Debt / Equity 1.23x +0.74x

Interest Coverage 1.35x −1.67x

Cash / Debt 8.8% −35.8pp

Short-term Debt / Total Debt 91.9% −3.7pp

CFO / NI -4.68x −4.49x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

High leverage combined with cash flow below reveals the actual liquidity pressure. Operating cash flow reached -10.3bn in 2025, against investing cash flow of -21.3bn.

Post-investment cash flow was negative +31.6bn. Financing cash flow was positive +34.4bn.

CFO / net income was -4.68x.

After spending +29.6bn on fixed-asset investment, the business generated trailing free cash flow of −151.3bn.

Cash Conversion

CFO TTM 121.7bn −118.8bn

Cash Capex 29.6bn +15.9bn

FCF TTM −151.3bn −134.7bn

Investment Takeaway

The business is showing a few weaker signals, but the current magnitude is not yet clear enough to conclude that this is a broader weakening phase. The next item to monitor is the earnings mix, when non-core contribution is -36.2%. The main risk still sits in capital efficiency remains weak, with ROIC at 3.5%.

Watchpoint: the earnings mix still needs monitoring, with net financial result still accounting for -36.2% of PBT and CFO / net income currently at -4.68x.

Key risk: Capital efficiency remains weak.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	4,132.9	4,081.0	4,340.8	5,401.9	3,948.7
Revenue Deductions	0.0	0.4	1.5	2.1	0.0
Net Revenue	4,132.9	4,080.6	4,339.3	5,399.9	3,946.8
Cost of Goods Sold	3,932.7	3,903.5	4,170.0	5,183.7	0.0
Gross Profit	200.2	177.1	169.2	216.2	189.6
Financial Income	0.1	0.1	0.1	0.2	0.2
Financial Expenses	9.8	7.3	10.2	10.0	-11.3
Interest Expense	9.8	7.2	10.1	10.0	-11.3
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	108.0	92.4	84.6	111.9	-92.9
General and Administrative Expenses	71.3	55.1	65.1	74.1	-66.1
Operating Profit	11.0	22.3	9.4	20.4	19.5
Other Income	17.6	1.2	10.6	1.4	0.0
Other Expenses	1.0	4.0	0.6	0.9	0.0
Other Profit	16.5	-2.8	10.0	0.5	1.6
Profit Before Tax	27.6	19.6	19.4	21.0	21.1
Current Income Tax Expense	7.8	3.9	3.2	3.8	-4.3
Deferred Income Tax Expense	-1.9	0.7	0.9	0.5	0.0
Net Income	21.7	15.0	15.3	16.7	16.7
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	21.7	15.0	15.3	16.7	16.7
Earnings per Share	1,450.00	1,000.00	1,022.00	1,114.00	1,116.00
Diluted EPS	1,449.66	999.76	1,022.04	1,114.00	1,116.15

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	583.6	495.5	531.2	800.4	785.7
I. Cash and cash equivalents	27.4	24.6	25.0	25.4	11.1
1. Cash	27.4	24.6	25.0	25.4	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	440.7	338.8	308.3	592.0	614.8
1. Short-term trade accounts receivable	421.1	337.5	307.8	481.0	0.0
2. Short-term prepayments to suppliers	18.7	0.1	0.2	0.4	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	0.9	1.1	0.2	110.7	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	111.3	124.7	189.3	177.5	155.8
1. Inventories	111.3	124.7	189.3	177.5	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	4.2	7.4	8.6	5.5	4.0
1. Short-term prepayments	2.1	4.5	3.2	2.0	0.0
2. Value added tax to be reclaimed	—	2.7	4.6	2.9	0.0
3. Taxes and other receivables from state authorities	2.1	0.2	0.8	0.5	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)	65.1	82.3	94.4	106.0	119.4
I. Long-term receivables	0.0	0.2	0.1	0.1	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.1
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	0.2	0.1	0.1	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	55.7	62.8	83.7	95.0	107.4
1. Tangible fixed assets	55.3	62.8	83.7	95.0	107.4
- Cost	516.9	548.6	549.3	569.2	0.0
- Accumulated depreciation	-461.6	-485.8	-465.6	-474.2	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	0.4	0.0	0.0	0.0	0.0
- Cost	0.5	0.0	0.0	0.0	0.0
- Accumulated depreciation	-0.1	0.0	0.0	0.0	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	1.1	9.3	2.9	0.1	0.1
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	1.1	9.3	2.9	0.1	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	8.2	10.0	7.8	10.8	0.0
1. Long-term prepayments	6.3	10.0	7.1	9.1	0.0
2. Deferred income tax assets	1.9	0.0	0.7	1.6	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	11.7
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)	648.7	577.8	625.6	906.5	905.1
A. LIABILITIES (300=210+330)	466.3	401.4	447.5	726.4	729.4
I. Short -term liabilities	444.0	389.4	434.8	705.6	703.8
1. Short-term trade accounts payable	229.0	218.7	285.9	516.9	556.4
2. Short-term advances from customers	0.3	0.1	0.2	0.2	0.2
3. Taxes and other payables to state authorities	5.8	3.9	2.4	1.0	0.0
4. Payable to employees	42.4	38.7	39.0	48.5	0.0
5. Short-term acrrued expenses	3.4	1.0	0.5	0.5	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	1.6	0.8	2.5	0.8	0.0
10. Short-term borrowings and financial leases	153.6	118.9	97.8	134.0	95.4
11. Provision for short-term liabilities	3.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	5.0	7.3	6.5	3.7	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	22.3	12.0	12.7	20.8	25.5
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	22.3	12.0	12.7	20.8	25.5
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	—	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)	182.4	176.3	178.1	180.1	175.7
I. Owner's equity	182.4	176.3	178.1	180.1	0.0
1. Owner's capital	150.0	150.0	150.0	150.0	175.7
- Common stock with voting right	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00
- 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	9.0	9.0	9.0
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	10.7	10.7	1.7	1.7	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	21.7	15.7	17.5	19.4	16.7
- Accumulated retained earning at the end of the previous period	—	0.7	2.1	2.7	0.0
- Undistributed earnings in this period	21.7	15.0	15.3	16.7	16.7
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	—	0.0	0.0	0.0	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)	648.7	577.8	625.6	906.5	905.1

Item	2025	2024	2023	2022	2021
Profit Before Tax	27.6	19.6	19.4	21.0	21.1
Depreciation of Fixed Assets and Investment Property	25.6	25.1	26.6	29.2	31.3
Provision (Increase)/Reversal	3.0	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	-0.0	-0.0	0.0
Gain/Loss from Investment Activities	-15.1	0.0	-8.4	-0.1	0.0
Interest Expense	9.8	7.2	10.1	10.0	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	50.9	51.9	47.7	60.0	62.7
Increase/(Decrease) in Receivables	-82.3	-28.1	281.8	22.0	0.0
Increase/(Decrease) in Inventory	13.4	64.6	-11.8	-21.6	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	24.2	-56.5	-246.1	-35.2	0.0
Increase/(Decrease) in Prepaid Expenses	6.1	-4.2	3.6	5.4	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-9.8	-7.2	-10.1	-10.0	0.0
Corporate Income Tax Paid	-5.3	-5.9	-3.1	-6.7	0.0
Other Operating Receipts	0.5	1.0	0.2	0.3	0.0
Other Operating Payments	-8.0	-6.4	-6.3	-4.9	0.0
Net Cash Flow from Operating Activities	-10.3	9.2	56.0	9.4	250.3
Payments for Fixed Assets and Other Long-term Assets	-36.4	-19.5	-10.0	-18.5	-25.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	15.0	-0.1	8.3	0.0	0.9
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	0.1	0.1	0.1	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	-21.3	-19.5	-1.7	-18.4	-24.0
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	2,054.1	1,611.8	1,945.7	3,717.0	2,621.9
Repayment of Borrowings	-2,009.1	-1,591.4	-1,990.0	-3,683.1	-2,840.0
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-10.5	-10.5	-10.5	-10.5	-10.5
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	34.4	9.9	-54.8	23.3	-228.6
Net Cash Flow During the Period	2.8	-0.4	-0.4	14.3	-3.5
Cash and Cash Equivalents at Beginning of Period	24.6	25.0	25.4	11.1	13.4
FX Difference from Revaluation	—	0.0	0.0	0.0	-0.0
Cash and Cash Equivalents at End of Period	27.4	24.6	25.0	25.4	11.1

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	1,222.7	1,090.5	893.2	1,065.1	1,084.1	1,026.0	862.9	1,099.1	1,093.0	1,156.8	1,093.6	1,041.2
Revenue Deductions	—	—	—	—	0.0	0.0	0.0	0.1	0.3	0.4	0.7	0.2
Net Revenue	1,222.7	1,090.5	893.2	1,065.1	1,084.1	1,026.0	862.9	1,099.0	1,092.7	1,156.3	1,092.9	1,041.0
Cost of Goods Sold	1,156.8	1,039.7	857.2	997.0	1,038.7	974.9	829.2	1,052.4	1,045.8	1,125.2	1,023.3	1,006.5
Gross Profit	65.9	50.7	36.0	68.1	45.4	51.1	33.8	46.5	47.0	31.1	69.6	34.5
Financial Income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1
Financial Expenses	4.6	3.1	2.5	1.8	2.4	1.9	1.8	1.6	2.0	1.6	2.6	3.3
Interest Expense	4.6	3.1	2.5	1.8	2.4	1.8	1.8	1.6	1.9	1.6	2.6	3.3
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	31.4	13.5	19.6	45.9	29.0	27.5	16.3	22.8	26.8	13.4	36.8	17.2
General and Administrative Expenses	19.0	27.1	21.8	14.2	8.2	15.6	11.8	14.6	13.4	23.1	19.7	11.6
Operating Profit	11.0	7.1	-7.9	6.1	5.8	6.1	3.9	7.5	4.8	-7.0	10.6	2.5
Other Income	0.0	1.2	15.3	0.9	0.1	0.0	0.1	0.8	0.3	8.2	0.2	1.5
Other Expenses	0.1	0.4	0.1	0.3	0.3	0.3	0.2	3.4	0.0	0.1	0.2	0.1
Other Profit	-0.1	0.9	15.2	0.7	-0.2	-0.3	-0.1	-2.7	0.3	8.1	-0.0	1.4
Profit Before Tax	10.9	8.0	7.3	6.8	5.6	5.8	3.8	4.8	5.1	1.1	10.5	3.9
Current Income Tax Expense	1.5	3.7	1.5	1.5	1.1	1.1	0.7	1.3	0.8	0.9	1.7	0.4
Deferred Income Tax Expense	0.7	-1.9	—	—	—	0.1	0.1	0.3	0.3	-0.5	0.4	0.5
Net Income	8.7	6.3	5.7	5.3	4.5	4.6	3.1	3.2	4.1	0.8	8.4	3.0
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	8.7	6.3	5.7	5.3	4.5	4.6	3.1	3.2	4.1	0.8	8.4	3.0
Earnings per Share	581.00	417.00	382.00	353.00	297.00	308.00	204.00	216.00	273.00	53.00	563.00	203.00
Diluted EPS	581.03	417.24	382.33	353.11	296.97	307.72	203.70	215.69	272.64	53.07	562.65	203.08

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)	1,033.4	583.6	689.9	634.0	632.7	495.5	515.7	680.6	604.9	531.1	560.0	537.0
I. Cash and cash equivalents	22.6	27.4	21.2	36.4	71.5	24.6	29.3	34.0	26.5	25.0	26.0	22.6
1. Cash	22.6	27.4	21.2	36.4	71.5	24.6	29.3	34.0	26.5	25.0	26.0	22.6
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	870.5	440.7	505.0	467.2	439.4	338.8	352.0	460.0	399.3	308.3	344.4	308.8
1. Short-term trade accounts receivable	715.8	421.1	487.0	466.3	438.4	337.5	351.2	459.5	398.5	307.8	343.7	307.6
2. Short-term prepayments to suppliers	23.8	18.7	17.0	0.1	0.2	0.1	0.3	0.1	0.1	0.2	0.2	0.7
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	130.9	0.9	1.0	0.8	0.8	1.1	0.5	0.4	0.7	0.2	0.6	0.4
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	135.5	111.3	156.3	124.3	116.9	124.7	127.7	178.5	174.5	189.3	186.7	200.1
1. Inventories	190.2	111.3	156.3	124.3	116.9	124.7	127.7	178.5	174.5	189.3	186.7	200.1
2. Provision for decline in value of inventories	-54.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	4.9	4.2	7.4	6.2	5.0	7.4	6.7	8.1	4.7	8.5	2.8	5.5
1. Short-term prepayments	2.3	2.1	7.1	5.5	4.0	4.5	3.8	5.1	3.7	3.1	2.2	3.4
2. Value added tax to be reclaimed	—	—	—	—	0.1	2.7	2.7	2.7	0.1	4.6	0.4	1.9
3. Taxes and other receivables from state authorities	2.5	2.1	0.3	0.7	0.8	0.2	0.2	0.2	0.9	0.8	0.1	0.1
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)	59.4	65.1	70.2	69.4	74.9	82.3	75.3	83.9	89.8	94.4	87.1	91.6
I. Long-term receivables	0.0	0.0	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1
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	0.0	0.0	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	51.3	55.7	60.7	61.1	66.0	62.8	69.0	76.8	83.1	83.7	76.1	82.7
1. Tangible fixed assets	51.0	55.3	60.3	60.7	66.0	62.8	69.0	76.8	83.1	83.7	76.1	82.7
- Cost	515.5	—	—	—	—	548.6	552.1	554.4	555.1	549.3	568.9	569.1
- Accumulated depreciation	-464.5	—	—	—	—	-485.8	-483.1	-477.6	-471.9	-465.6	-492.8	-486.4
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	0.3	0.4	0.4	0.4	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	0.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-0.1	—	—	—	—	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	1.4	1.1	1.0	0.8	0.5	9.3	0.2	0.1	0.1	2.9	0.4	0.2
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	1.4	1.1	1.0	0.8	0.5	9.3	0.2	0.1	0.1	2.9	0.4	0.2
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	6.6	8.2	8.3	7.3	8.1	10.0	6.0	6.9	6.4	7.8	10.4	8.6
1. Long-term prepayments	5.4	6.3	8.3	7.3	8.1	10.0	5.9	6.7	6.0	7.1	10.3	8.0
2. Deferred income tax assets	1.3	1.9	—	—	—	0.0	0.1	0.2	0.4	0.7	0.1	0.5
3. Long-term equipment, supplies, spare parts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Goodwill	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,092.8	648.7	760.1	703.5	707.6	577.8	591.0	764.4	694.7	625.6	647.1	628.6
A. LIABILITIES (300=210+330)	901.7	466.3	583.9	533.1	526.8	401.4	419.2	595.8	512.5	447.5	471.9	461.8
I. Short -term liabilities	880.7	444.0	565.3	526.8	519.8	389.4	404.6	580.5	495.0	434.7	457.2	437.0
1. Short-term trade accounts payable	578.1	229.0	282.9	324.2	321.1	218.6	257.2	324.0	372.8	285.9	301.8	317.1
2. Short-term advances from customers	6.2	0.3	0.2	0.2	0.2	0.1	0.2	0.3	0.3	0.2	0.2	0.2
3. Taxes and other payables to state authorities	6.4	5.8	4.3	6.4	2.0	3.9	2.3	3.3	3.3	2.4	7.6	2.9
4. Payable to employees	30.0	42.4	36.4	35.3	26.4	38.7	32.3	32.6	24.9	39.0	37.5	25.3
5. Short-term acrrued expenses	5.6	3.4	5.9	2.3	1.5	1.0	2.2	1.7	1.1	0.5	6.2	2.0
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	2.0	1.6	4.1	2.7	2.1	0.8	2.2	13.4	2.3	2.5	1.8	13.5
10. Short-term borrowings and financial leases	237.3	153.6	195.2	121.9	153.5	118.9	96.1	184.5	72.7	97.8	75.0	60.2
11. Provision for short-term liabilities	12.0	3.0	29.6	24.7	7.5	0.0	2.7	10.1	11.9	0.0	18.3	5.1
12.. Bonus and welfare fund	3.2	5.0	6.7	9.2	5.5	7.3	9.5	10.6	5.7	6.5	8.7	10.8
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	21.0	22.3	18.6	6.3	7.1	12.0	14.7	15.2	17.4	12.7	14.7	24.8
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	21.0	22.3	18.6	6.3	7.1	12.0	14.7	15.2	17.4	12.7	14.7	24.8
9. Convertible bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	191.1	182.4	176.2	170.4	180.8	176.3	171.7	168.7	182.2	178.1	175.2	166.7
I. Owner's equity	191.1	182.4	176.2	170.4	180.8	176.3	171.7	168.7	182.2	178.1	175.2	166.7
1. Owner's capital	150.0	150.0	150.0	150.0	150.0	150.0	150.0	150.0	150.0	150.0	150.0	150.0
- Common stock with voting right	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00	150,000,000,000.00
- 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	9.0	9.0	9.0	9.0	9.0	9.0
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	10.7	10.7	10.7	10.7	10.7	10.7	1.7	1.7	1.7	1.7	1.7	1.7
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	30.5	21.7	15.5	9.8	20.1	15.7	11.1	8.0	21.6	17.4	14.5	6.1
- Accumulated retained earning at the end of the previous period	21.7	—	—	—	15.7	0.7	0.7	0.7	17.5	2.1	0.0	0.0
- Undistributed earnings in this period	8.7	21.7	15.5	9.8	4.5	15.0	10.4	7.3	4.1	15.3	14.5	6.1
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)	1,092.8	648.7	760.1	703.5	707.6	577.8	591.0	764.4	694.7	625.6	647.1	628.6

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	10.9	8.0	7.3	6.8	5.6	5.8	3.8	4.8	5.1	1.2	10.5	3.9
Depreciation of Fixed Assets and Investment Property	4.3	8.8	5.4	5.5	5.9	6.2	6.3	6.4	6.3	6.6	6.6	6.6
Provision (Increase)/Reversal	66.7	-26.6	4.9	17.2	7.5	-2.7	-7.4	-1.9	11.9	-18.3	13.2	6.8
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
Gain/Loss from Investment Activities	-0.1	0.2	-15.4	0.2	-0.0	-0.0	-0.0	-0.0	-0.0	-8.2	-0.0	-0.1
Interest Expense	4.6	3.1	2.5	1.8	2.4	1.8	1.8	1.6	1.9	1.6	2.6	3.3
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	86.4	-6.6	4.7	31.4	21.4	11.1	4.5	10.9	25.3	-17.1	32.9	20.6
Increase/(Decrease) in Receivables	-430.3	81.3	-37.4	-27.5	-98.7	13.2	108.0	-62.7	-86.6	31.3	-34.2	196.8
Increase/(Decrease) in Inventory	-78.9	44.9	-32.0	-7.4	7.9	3.0	50.8	-4.0	14.8	-2.6	13.4	-11.5
Increase/(Decrease) in Payables (Excl. Interest and CIT)	344.9	-50.2	-39.4	16.8	97.1	-39.6	-64.6	-38.0	85.9	-37.6	3.4	-173.9
Increase/(Decrease) in Prepaid Expenses	0.7	7.0	-2.5	-0.6	2.3	-4.8	2.1	-2.1	0.6	4.9	-1.1	-1.3
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-4.6	-3.1	-2.5	-1.8	-2.4	-1.8	-1.9	-1.6	-1.9	-1.5	-2.6	-3.3
Corporate Income Tax Paid	-3.7	-1.6	-1.5	-1.1	-1.1	-0.7	-1.3	-3.0	-0.9	-1.7	-0.4	-0.2
Other Operating Receipts	0.1	—	—	—	—	0.7	0.1	0.0	0.1	0.0	0.0	0.1
Other Operating Payments	-1.9	-1.8	-2.5	-1.6	-2.1	-2.9	-1.3	-1.5	-0.8	-2.2	-2.1	-1.6
Net Cash Flow from Operating Activities	-87.1	70.0	-113.1	8.4	24.3	-21.7	96.4	-102.0	36.4	-26.5	9.4	25.7
Payments for Fixed Assets and Other Long-term Assets	-0.3	-25.8	-3.0	-0.5	-7.1	-3.1	-3.3	-0.1	-14.5	-3.4	-0.3	-1.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.1	-0.2	15.4	-0.2	—	0.0	1.6	0.0	0.0	8.2	0.0	0.1
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	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Term Deposits	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	-0.2	-25.9	12.4	-0.7	-7.1	-3.1	-1.7	-0.1	-14.5	4.7	-0.3	-1.0
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	429.6	469.3	615.1	421.6	548.1	358.8	305.3	469.3	478.3	402.0	536.5	536.0
Repayment of Borrowings	-347.1	-507.2	-529.5	-454.0	-518.5	-338.7	-394.3	-359.7	-498.7	-381.3	-531.8	-557.0
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	0.0	-10.5	—	0.0	-10.5	0.0	0.0	0.0	-10.5	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	82.5	-37.9	85.6	-42.9	29.7	20.2	-99.5	109.6	-20.4	20.8	-5.8	-21.0
Net Cash Flow During the Period	-4.8	6.2	-15.2	-35.2	46.9	-4.7	-4.7	7.5	1.5	-1.0	3.4	3.6
Cash and Cash Equivalents at Beginning of Period	27.4	21.2	36.4	71.5	24.6	25.0	25.0	25.0	25.0	25.4	25.4	25.4
FX Difference from Revaluation	—	—	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	22.6	27.4	21.2	36.4	71.5	24.6	29.3	34.0	26.5	25.0	26.0	22.6

Explore Other Stocks In The Same Sector

HHS, DGW, TLP, PSD, BTT, HAM, BIG, PTM, VCM, HTC, HTL, BMF, HFC, TMC, LPT, KMT, PTH, AMP, GPC, VXT, HSV, APL, SHN, KDM, THS, CEN, VTJ, PEG, PMJ, TOP, PTV, DAS, TSC, LMH, ST8, TTH, FID, HFX, PXM, TIE, HTM, VKC, TNA, DPS, FBA

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

MTS

What Is Changing

Drivers of MTS'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