SGS

Vận tải biển Sài Gòn ·UPCOM ·2026Q1

▼▼ Declining sharply

Margins remain under pressure Net margin 8.57%, −6.00pp YoY

Price

13,600

Latest close

04 Jun 2026

P/E 27.19x

P/B 1.09x

EPS 500

BVPS 12,457

ROE 2.9%

ROA 2.5%

Profit Margin 7.3%

Asset Turnover 0.35x

Equity Mult. 1.15x

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

What Is Changing

On a TTM 2026Q1 basis, SGS posted a very sharp profit drop versus the same period, showing that pressure has clearly fed through to the bottom line — margins have been compressing consistently over multiple periods. More notably, most of the profit comes from non-core sources — this needs careful evaluation before concluding on growth quality.

	                            
	                                TTM REVENUE
	                            
	                                    VND 98bn
	                                
−37.2%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 8bn
	                                
−63.1%YoY

	                            
	                                Net financial result / PBT
	                            
	                                    91.1%
	                                
affects earnings quality

Metric	2025	2024	2023	2022	2021
Revenue	125.6	94.9	222.1	256.0	191.5
Growth	+32%	-57%	-13%	+34%	—
Net Income	13.5	19.1	50.5	45.8	29.5
Net Margin	10.74%	20.08%	22.72%	17.89%	15.38%

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	4.3	25.3	33.1	35.8	31.4	42.2	39.8	43.5	49.0	61.1	56.3	53.7
Growth	-83%	-24%	-7%	+14%	-26%	+6%	-9%	-11%	-20%	+9%	+5%	—
Net Income	-1.9	-0.7	5.0	6.0	3.1	6.1	6.4	7.2	7.6	10.6	12.7	14.1
Net Margin	-44.13%	-2.88%	15.19%	16.89%	10.02%	14.47%	16.04%	16.61%	15.53%	17.40%	22.49%	26.18%

Drivers of SGS's profit

TTM

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

Administrative expenses ↓ 1.9bn

Gross profit ↓ 22.2bn

TTM

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

Administrative expenses ↓ 1.3bn

Other profit ↑ 0.9bn

Gross profit ↓ 8.9bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 7.5% = 14.6% × 0.46 × 1.11

2026Q1 3.4% = 8.6% × 0.35 × 1.15

ROE fell from 7.5% to 3.4% — asset turnover weakened the most, though leverage still provided support.

Net margin: 8.6% -6.0pp Asset turnover: 0.35x -0.12x Leverage: 1.15x +0.04x

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 8.57%, losing 6.0pp. The main pressure comes from Gross margin fell 9.3pp and SG&A / Revenue rose 3.4pp (with additional support from Net financial result / Revenue rose 4.6pp and Other profit / Revenue rose 0.9pp).

The pressure comes from core operations — this is a concerning type of decline, not a one-off movement.

Profitability trend

Net Margin 8.57% −6.0pp

Gross Margin 13.05% −9.3pp

SG&A / Revenue 12.33% +3.4pp

Non-core / Revenue 10.92% +5.5pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Financial result is supporting margin

Financial result accounts for 93.8% of PBT and lifted net margin by 5.5pp — separate the operating contribution from this source.

Is capital being used efficiently?

Capital efficiency should be read in industry context — ROIC may fluctuate with business specifics.

Is capital being deployed efficiently?

Track how much operating profit the business generates on invested capital.

Industry characteristics make ROIC cyclical — this is a reference signal and should be read with the business context.

CAPITAL EFFICIENCY TREND

ROIC — —

NOPAT Margin — —

Capital Turnover 0.42x −0.15x

Average Invested Capital 233.0bn −42.5bn

Balance Sheet

ROIC above should be read with industry context — the balance sheet below adds perspective. Capital structure is conservative with low leverage — liabilities at 0.11x equity, net debt at 0.03x equity.

Over the last 12 months, working capital released 5.2bn of cash, mainly thanks to lower receivables and higher payables. Pressure from higher inventories only partly offset that benefit.

Working Capital Drivers

Receivables decreased → higher CFO: +4.8bn

Inventories increased → lower CFO: −0.6bn

Payables increased → higher CFO: +1.0bn

Working Capital Efficiency

Cash conversion cycle lengthened by 0.4 days versus the same period last year. The main moves came from DIO rose 0.2 days, DSO fell 5.4 days, and DPO fell 5.6 days.

Working capital cycle is flat — components are offsetting each other.

Watchpoints

Cash conversion cycle is lengthening

CCC is up by +0.4 days, indicating weaker working-capital turnover versus the prior year.

Inventory turnover is slowing

DIO increased by +0.2 days, suggesting more capital is being tied up in inventories.

Working Capital Efficiency

Receivables 26.0 days −5.4 days

Inventory 4.9 days +0.2 days

Payables 21.0 days −5.6 days

Cash Conversion Cycle 9.8 days +0.4 days

Is financial risk significant?

Check leverage, liquidity, and cash-flow conversion.

Leverage & Liquidity

Leverage looks fairly comfortable, with net debt / equity at 0.03x and interest coverage at 111.06x.

At present, short-term debt accounts for 100.0% of total debt, cash equals 69.2% of debt, and total debt stands at 15.0bn.

Watchpoints

Short-term refinancing pressure is meaningful

Short-term debt accounts for 100.0% of total debt, raising near-term refinancing needs.

Leverage and liquidity trend

Net Debt / Equity 0.03x +0.14x

Interest Coverage 111.06x −78.70x

Cash / Debt 69.2% −6977.7pp

Short-term Debt / Total Debt 100.0% +66.9pp

CFO / NI 0.98x −0.21x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 17.0bn in 2025, against investing cash flow of 49.4bn.

Post-investment cash flow was positive +66.4bn. Financing cash flow was negative +1.2bn.

CFO / net income was 0.98x.

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 7.1bn −18.7bn

Cash Capex — —

FCF TTM — —

Investment Takeaway

The business is under real pressure, but the current picture has not turned broadly adverse. A notable area has clearly weakened, making the near-term outlook hard to call bright; even so, other parts of the business are still holding up, with margins remain under pressure remaining the main constraint, with net margin down 6.0 pp. The next watchpoint is the earnings mix, when non-core contribution is 91.1%.

Watchpoint: the earnings mix still needs monitoring, with net financial result still accounting for 91.1% of PBT and CFO / net income currently at 0.98x.

Key risk: profitability remains under pressure, with trailing-12M net margin at 8.57% after a 6.0pp decline versus the same period last year.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	125.6	94.9	222.1	256.0	191.9
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	125.6	94.9	222.1	256.0	191.5
Cost of Goods Sold	103.8	71.7	153.2	189.4	0.0
Gross Profit	21.8	23.2	68.9	66.6	44.8
Financial Income	10.1	9.6	10.7	5.8	4.5
Financial Expenses	0.1	0.0	0.2	0.2	-0.2
Interest Expense	0.1	0.0	0.2	0.0	-0.0
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	13.5	9.0	14.7	15.0	-12.6
Operating Profit	18.3	23.8	64.7	57.2	36.4
Other Income	0.5	0.0	0.1	1.0	0.0
Other Expenses	1.1	0.0	0.6	0.0	0.0
Other Profit	-0.6	-0.0	-0.5	0.9	0.4
Profit Before Tax	17.7	23.8	64.2	58.2	36.8
Current Income Tax Expense	4.2	4.7	13.7	12.3	-7.3
Deferred Income Tax Expense	0.0	0.0	0.0	0.0	0.0
Net Income	13.5	19.1	50.5	45.8	29.5
Non-controlling Interest	1.5	0.0	0.9	1.3	0.9
Profit Attributable to Parent	12.0	19.1	49.6	44.5	28.5
Earnings per Share	514.00	1,322.24	3,264.00	2,851.00	1,820.00
Diluted EPS	830.01	1,322.24	3,440.69	3,088.93	1,979.74

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	280.8	202.9	244.6	200.7	148.9
I. Cash and cash equivalents	109.0	17.5	20.3	18.6	28.3
1. Cash	17.0	17.5	20.3	17.6	0.0
2. Cash equivalents	92.0	0.0	0.0	1.0	0.0
II. Short-term financial investments	148.4	161.0	185.1	151.7	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	148.4	161.0	185.1	151.7	0.0
III. Short-term receivables	20.8	23.5	35.3	28.3	31.4
1. Short-term trade accounts receivable	13.2	4.9	20.9	15.3	0.0
2. Short-term prepayments to suppliers	1.5	1.8	0.9	1.8	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	14.9	25.1	21.7	19.6	0.0
7. Provision for short-term doubtful debts (*)	-9.0	-8.3	-8.3	-8.3	0.0
8. Assets awaiting resolution	0.1	0.0	0.0	0.0	0.0
IV. Inventories	1.0	0.2	1.2	0.8	0.6
1. Inventories	1.7	0.9	1.9	1.5	0.0
2. Provision for decline in value of inventories	-0.7	-0.7	-0.7	-0.6	0.0
V. Other short-term assets	1.7	0.6	2.8	1.2	1.8
1. Short-term prepayments	1.0	0.3	1.3	1.0	0.0
2. Value added tax to be reclaimed	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	0.7	0.3	1.5	0.2	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)	77.4	119.2	89.0	85.0	89.6
I. Long-term receivables	1.3	1.3	0.1	0.1	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.2
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	1.3	1.3	0.1	0.1	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	59.8	17.9	69.8	64.9	57.3
1. Tangible fixed assets	21.3	13.3	29.5	23.6	19.9
- Cost	87.0	41.7	86.1	76.2	0.0
- Accumulated depreciation	-65.6	-28.4	-56.6	-52.6	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	38.5	4.6	40.3	41.3	37.4
- Cost	52.1	5.6	52.1	52.1	0.0
- Accumulated depreciation	-13.7	-1.0	-11.8	-10.8	0.0
III. Investment properties	2.9	3.1	3.3	3.5	3.7
- Cost	27.0	27.0	27.0	27.0	0.0
- Accumulated depreciation	-24.1	-23.9	-23.7	-23.5	0.0
IV. Long-term assets in progress	2.6	2.6	2.6	2.6	11.3
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	2.6	2.6	2.6	2.6	0.0
V. Long-term financial investments	—	92.6	0.0	0.0	0.0
1. Investments in subsidiaries	—	92.6	0.0	0.0	0.0
2. Investments in associates, joint-ventures	19.0	19.0	19.0	19.0	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	-19.0	-19.0	-19.0	-19.0	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	10.8	1.8	13.2	14.0	0.0
1. Long-term prepayments	3.5	1.8	2.9	2.3	0.0
2. Deferred income tax assets	0.1	0.0	0.1	0.1	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	17.2
5. Goodwill	7.3	0.0	10.2	11.6	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	358.2	322.0	333.5	285.7	238.5
A. LIABILITIES (300=210+330)	35.6	28.5	45.4	44.6	37.3
I. Short -term liabilities	27.5	20.5	35.9	34.8	28.5
1. Short-term trade accounts payable	8.2	6.8	16.9	14.1	11.5
2. Short-term advances from customers	0.2	0.1	0.0	0.1	0.1
3. Taxes and other payables to state authorities	1.4	1.8	3.5	3.1	0.0
4. Payable to employees	4.9	4.4	6.1	7.9	0.0
5. Short-term acrrued expenses	0.2	0.1	0.1	0.3	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	5.6	4.5	5.2	5.4	0.0
10. Short-term borrowings and financial leases	0.2	0.0	0.3	0.4	0.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	6.8	2.7	3.7	3.5	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	8.1	8.0	9.5	9.8	8.8
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	8.0	8.0	8.9	8.9	0.0
8. Long-term borrowings and financial leases	0.1	0.0	0.6	0.9	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)	322.6	293.6	288.2	241.1	201.2
I. Owner's equity	322.6	293.6	288.2	241.1	0.0
1. Owner's capital	144.2	144.2	144.2	144.2	201.2
- Common stock with voting right	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	11.4	11.4	11.4	11.4	11.4
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	1.2	0.0	1.2	1.2	1.2
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	—	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	156.3	137.9	122.3	75.3	35.8
- Accumulated retained earning at the end of the previous period	144.4	118.9	75.3	34.1	9.1
- Undistributed earnings in this period	11.8	19.1	47.1	41.1	26.8
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	9.5	0.0	9.0	9.0	8.5
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)	358.2	322.0	333.5	285.7	238.5

Item	2025	2024	2023	2022	2021
Profit Before Tax	17.7	23.8	64.2	58.2	36.8
Depreciation of Fixed Assets and Investment Property	5.8	3.2	5.3	4.6	4.2
Provision (Increase)/Reversal	0.4	0.3	0.1	-0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.1	-0.0	0.1	0.1	0.0
Gain/Loss from Investment Activities	-9.8	-8.0	-10.5	-5.7	0.0
Interest Expense	0.1	0.0	0.2	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	14.1	19.3	59.4	57.1	36.2
Increase/(Decrease) in Receivables	12.7	-3.0	-6.7	5.6	0.0
Increase/(Decrease) in Inventory	-0.8	0.0	-0.4	-0.3	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-2.6	-6.3	0.6	6.6	0.0
Increase/(Decrease) in Prepaid Expenses	0.7	0.6	-0.9	0.3	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-0.1	0.0	-0.2	-0.0	0.0
Corporate Income Tax Paid	-6.6	-5.3	-13.3	-12.3	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-0.4	-0.7	-2.4	-2.5	0.0
Net Cash Flow from Operating Activities	17.0	4.4	36.1	54.5	-13.2
Payments for Fixed Assets and Other Long-term Assets	-0.1	0.0	-10.2	-4.7	-0.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	0.0	0.0	0.8	0.7
Loans and Purchases of Debt Instruments	-194.0	-191.5	-228.2	-161.3	-114.8
Receipts from Loan Repayments and Sale of Debt Instruments	234.0	178.7	194.8	106.8	149.8
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	9.5	8.0	10.5	4.2	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	49.4	-4.8	-33.1	-54.2	37.6
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	—	0.0	0.0	1.5	0.0
Repayment of Borrowings	-0.2	0.0	-0.4	-0.2	0.0
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-1.0	-0.1	-0.8	-1.0	-22.7
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	-1.2	-0.1	-1.2	0.4	-22.7
Net Cash Flow During the Period	65.2	-0.5	1.8	0.6	-5.1
Cash and Cash Equivalents at Beginning of Period	43.7	18.0	18.6	18.0	26.8
FX Difference from Revaluation	0.1	0.0	-0.1	-0.1	-0.2
Cash and Cash Equivalents at End of Period	109.0	17.5	20.3	18.6	28.3

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	4.3	25.3	33.1	35.8	31.4	42.2	39.8	43.5	49.0	61.1	56.3	53.7
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	4.3	25.3	33.1	35.8	31.4	42.2	39.8	43.5	49.0	61.1	56.3	53.7
Cost of Goods Sold	6.3	25.6	25.8	27.9	24.5	33.4	30.0	33.8	37.8	47.3	38.2	36.3
Gross Profit	-2.0	-0.3	7.3	7.9	6.9	8.8	9.7	9.6	11.2	13.8	18.1	17.5
Financial Income	1.6	4.1	2.3	2.5	1.2	3.8	2.1	2.5	1.7	5.9	1.3	2.5
Financial Expenses	0.0	0.0	0.0	0.1	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.1
Interest Expense	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
General and Administrative Expenses	1.5	4.5	3.0	3.0	2.9	4.7	3.6	2.9	3.0	5.6	3.1	3.4
Operating Profit	-1.9	-0.7	6.5	7.3	5.2	7.8	8.1	9.2	9.8	14.1	16.2	16.5
Other Income	0.0	0.0	0.0	0.4	0.1	0.0	0.1	0.0	0.0	0.1	0.0	1.4
Other Expenses	0.0	0.0	0.1	0.0	1.0	0.0	0.0	0.1	0.1	0.4	0.2	0.0
Other Profit	-0.0	-0.0	-0.1	0.4	-0.9	0.0	0.1	-0.0	-0.1	-0.3	-0.2	1.3
Profit Before Tax	-1.9	-0.7	6.4	7.7	4.3	7.8	8.2	9.2	9.8	13.8	16.1	17.8
Current Income Tax Expense	—	0.0	1.4	1.6	1.2	1.7	1.8	2.0	2.2	3.1	3.4	3.7
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
Net Income	-1.9	-0.7	5.0	6.0	3.1	6.1	6.4	7.2	7.6	10.6	12.7	14.1
Non-controlling Interest	—	0.2	0.5	0.5	0.3	0.4	0.5	-0.0	-0.0	0.0	0.2	0.4
Profit Attributable to Parent	-1.9	-0.9	4.5	5.5	2.8	5.7	5.9	7.2	7.6	10.6	12.5	13.6
Earnings per Share	-131.79	-65.00	314.00	383.00	198.00	398.00	411.00	502.00	530.00	737.00	864.00	945.00
Diluted EPS	-131.79	-64.70	313.70	383.48	197.53	397.85	410.53	501.70	529.73	737.23	863.82	945.05

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)	105.0	280.8	284.5	285.9	268.1	267.2	261.7	255.0	242.0	244.4	233.8	229.9
I. Cash and cash equivalents	10.4	109.0	40.1	34.6	36.4	43.7	39.6	30.9	27.3	20.3	22.1	40.2
1. Cash	5.4	17.0	21.1	30.6	23.4	22.7	21.6	19.9	16.3	20.3	15.1	32.2
2. Cash equivalents	5.0	92.0	19.0	4.0	13.0	21.0	18.0	11.0	11.0	0.0	7.0	8.0
II. Short-term financial investments	84.0	148.4	214.4	218.4	204.4	188.4	184.4	185.8	180.6	185.1	176.6	153.6
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	84.0	148.4	214.4	218.4	204.4	188.4	184.4	185.8	180.6	185.1	176.6	153.6
III. Short-term receivables	10.1	20.8	27.7	30.8	25.3	33.1	35.2	35.5	31.5	35.3	32.4	34.0
1. Short-term trade accounts receivable	3.0	13.2	12.9	15.0	11.0	14.0	16.6	17.4	15.9	20.9	17.6	18.9
2. Short-term prepayments to suppliers	1.4	1.5	1.4	1.7	1.7	1.9	1.0	1.4	1.1	0.9	1.1	1.4
3. Short-term inter-company receivables	0.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	14.3	14.9	22.0	22.7	21.2	25.9	26.0	25.0	22.8	21.7	22.0	22.0
7. Provision for short-term doubtful debts (*)	-8.7	-9.0	-8.6	-8.6	-8.6	-8.6	-8.3	-8.3	-8.3	-8.3	-8.3	-8.3
8. Assets awaiting resolution	0.1	0.1	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	0.1	1.0	0.7	0.8	0.8	0.7	0.7	1.0	1.0	1.2	1.1	1.0
1. Inventories	0.8	1.7	1.4	1.5	1.5	1.4	1.4	1.7	1.7	1.9	1.7	1.7
2. Provision for decline in value of inventories	-0.7	-0.7	-0.7	-0.7	-0.7	-0.7	-0.7	-0.7	-0.7	-0.7	-0.6	-0.6
V. Other short-term assets	0.4	1.7	1.6	1.4	1.2	1.3	1.8	1.9	1.7	2.6	1.7	1.1
1. Short-term prepayments	0.1	1.0	1.3	1.0	0.8	1.0	1.4	1.5	1.3	1.3	1.5	0.9
2. Value added tax to be reclaimed	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	0.3	0.7	0.3	0.3	0.3	0.3	0.3	0.4	0.4	1.4	0.1	0.2
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)	115.8	77.4	78.4	80.0	81.4	83.2	84.6	86.0	87.1	89.0	91.0	82.8
I. Long-term receivables	1.3	1.3	1.3	1.3	1.3	1.0	1.0	1.0	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	1.3	1.3	1.3	1.3	1.3	1.0	1.0	1.0	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	11.8	59.8	61.1	62.2	63.5	65.2	66.4	67.1	68.5	69.8	71.3	62.7
1. Tangible fixed assets	7.4	21.3	22.4	23.2	24.3	25.8	26.8	27.3	28.5	29.5	30.8	21.9
- Cost	36.9	—	—	—	—	87.0	86.8	86.3	86.3	86.1	86.1	76.2
- Accumulated depreciation	-29.5	—	—	—	—	-61.2	-60.0	-59.0	-57.8	-56.6	-55.3	-54.3
2. Financial leased fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	4.4	38.5	38.7	38.9	39.1	39.4	39.6	39.8	40.1	40.3	40.5	40.8
- Cost	5.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-1.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	2.8	2.9	2.9	3.0	3.0	3.1	3.1	3.2	3.2	3.3	3.3	3.4
- Cost	27.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-24.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	5.9	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	5.9	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6
V. Long-term financial investments	92.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	92.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	19.0	19.0	19.0	19.0	19.0	19.0	19.0	19.0	19.0	19.0	19.0	19.0
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	-19.0	-19.0	-19.0	-19.0	-19.0	-19.0	-19.0	-19.0	-19.0	-19.0	-19.0	-19.0
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	1.4	10.8	10.4	11.0	11.0	11.3	11.5	12.1	2.8	3.0	3.2	3.2
1. Long-term prepayments	1.4	3.5	2.7	2.9	2.6	2.5	2.3	2.5	2.7	2.9	3.1	3.1
2. Deferred income tax assets	—	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
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	—	7.3	7.6	8.0	8.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	8.7	9.1	9.4	9.8	10.2	10.5	10.9
TOTAL ASSETS (280=100+200)	220.8	358.2	362.8	365.9	349.5	350.4	346.3	341.1	329.1	333.4	324.8	312.7
A. LIABILITIES (300=210+330)	41.1	35.6	34.0	42.1	31.8	35.8	37.8	38.0	33.3	46.7	46.6	45.8
I. Short -term liabilities	33.1	27.5	25.7	33.8	23.4	27.5	29.2	29.4	24.7	37.2	37.0	36.0
1. Short-term trade accounts payable	1.8	8.2	7.3	14.5	8.1	10.9	10.3	11.4	9.7	16.9	12.2	15.4
2. Short-term advances from customers	0.2	0.2	0.3	0.2	0.1	0.1	0.1	0.0	0.1	0.0	0.0	0.1
3. Dividends and profits payable	5.7	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	2.6	1.4	6.6	7.1	3.5	3.0	7.8	4.8	3.1	3.1	15.1	10.3
4. Payable to employees	0.8	4.9	3.2	3.0	3.1	5.3	3.2	3.5	2.4	7.8	2.8	2.7
5. Short-term acrrued expenses	0.1	0.2	0.6	0.9	0.2	0.2	0.2	1.9	0.1	0.1	0.1	0.2
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	0.7	5.6	5.2	5.4	5.8	5.1	4.9	5.0	6.0	5.2	4.7	5.1
10. Short-term borrowings and financial leases	15.0	0.2	0.1	0.1	0.2	0.2	0.1	0.1	0.2	0.3	0.4	0.2
11. Provision for short-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	6.2	6.8	2.4	2.4	2.5	2.6	2.7	2.8	3.2	3.7	1.7	2.0
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	8.0	8.1	8.3	8.3	8.3	8.3	8.6	8.6	8.6	9.5	9.5	9.8
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	8.0	8.0	8.0	8.0	8.0	8.0	8.0	8.0	8.0	8.9	8.9	8.9
8. Long-term borrowings and financial leases	—	0.1	0.3	0.3	0.3	0.3	0.6	0.6	0.6	0.6	0.6	0.9
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)	179.6	322.6	328.8	323.8	317.7	314.6	308.5	303.0	295.8	286.7	278.3	266.9
I. Owner's equity	179.6	322.6	328.8	323.8	317.7	314.6	308.5	303.0	295.8	286.7	278.3	266.9
1. Owner's capital	144.2	144.2	144.2	144.2	144.2	144.2	144.2	144.2	144.2	144.2	144.2	144.2
- Common stock with voting right	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00	144,200,000,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	11.4	11.4	11.4	11.4	11.4	11.4	11.4	11.4	11.4	11.4	11.4	11.4
3. Convertible bond option	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Fund to support corporate restructuring	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	24.0	156.3	161.7	157.2	151.7	148.8	143.1	137.2	130.0	120.9	112.6	100.4
- Accumulated retained earning at the end of the previous period	25.9	144.4	148.8	148.8	148.8	122.3	122.3	122.3	122.3	75.3	75.1	75.3
- Undistributed earnings in this period	-1.9	11.8	12.9	8.4	2.8	26.5	20.8	14.9	7.6	45.6	37.5	25.1
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	—	9.5	10.2	9.7	9.2	8.9	8.5	9.0	9.0	9.0	8.9	9.6
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)	220.8	358.2	362.8	365.9	349.5	350.4	346.3	341.1	329.1	333.4	324.8	312.7

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	-1.9	-0.7	6.4	7.7	4.3	7.8	13.8	3.6	9.8	13.8	16.1	17.8
Depreciation of Fixed Assets and Investment Property	0.7	1.4	1.4	1.4	1.5	1.5	2.8	0.1	1.5	1.5	1.4	1.2
Provision (Increase)/Reversal	—	0.4	0.0	-0.0	—	0.3	0.0	0.0	0.0	0.1	0.0	-0.0
FX Gain/Loss from Revaluation of Monetary Items	—	-0.1	0.0	-0.0	—	-0.0	-0.0	0.0	0.0	-0.1	0.0	-0.0
Gain/Loss from Investment Activities	-1.6	-4.1	-2.2	-2.3	-1.2	-3.7	-2.9	-1.7	-1.5	-5.8	-1.3	-2.5
Interest Expense	—	0.0	0.0	0.0	0.0	0.0	0.1	-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
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	-2.8	-3.0	5.6	6.8	4.7	5.9	13.8	1.9	9.8	9.5	16.3	16.5
Increase/(Decrease) in Receivables	0.0	6.8	3.0	-5.1	7.9	2.6	2.4	-7.2	4.3	-4.2	1.7	-4.4
Increase/(Decrease) in Inventory	0.0	-0.4	-0.2	-0.1	-0.1	-0.0	0.5	-0.2	0.2	-0.1	0.0	-0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	0.1	-1.2	-7.1	9.2	-3.6	0.5	-0.4	3.2	-10.4	5.0	-3.3	7.9
Increase/(Decrease) in Prepaid Expenses	0.3	-0.1	0.2	-0.2	0.7	0.6	1.4	-0.4	0.6	0.8	-0.3	-0.6
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	-0.0	-0.0	-0.0	-0.0	-0.0	-0.1	0.0	-0.0	-0.0	-0.0	-0.0
Corporate Income Tax Paid	—	-1.7	-2.3	-0.5	-2.1	-4.5	-2.0	1.0	-2.6	-10.0	-0.8	-0.6
Other Operating Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-0.2	-0.2	-0.0	-0.0	-0.1	-0.1	-0.4	-0.1	-0.6	-0.1	-0.7	-0.5
Net Cash Flow from Operating Activities	-2.5	0.3	-0.7	10.1	7.4	5.0	15.2	-1.7	1.4	0.9	12.8	18.2
Payments for Fixed Assets and Other Long-term Assets	—	0.0	-0.1	—	—	-0.2	-1.0	0.2	-0.2	0.0	-10.1	-0.1
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	0.0	0.0	0.0	0.2	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	-15.0	-61.0	-68.0	-50.0	-85.0	-89.0	-29.0	-40.5	-85.0	-58.0	-48.7
Receipts from Loan Repayments and Sale of Debt Instruments	32.0	81.0	65.0	54.0	34.0	81.0	95.9	18.3	45.0	76.5	35.0	47.8
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	1.6	3.6	2.5	2.1	1.3	3.4	2.6	1.8	1.5	5.9	2.3	2.1
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	33.6	69.6	6.3	-11.9	-14.6	-0.8	8.7	-8.7	5.8	-2.6	-30.8	1.1
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	15.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Borrowings	—	-0.1	-0.1	-0.1	-0.1	-0.1	-0.3	0.1	-0.1	-0.1	-0.1	-0.1
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-131.2	-1.0	-0.0	—	—	0.0	-0.9	-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
Other Financing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-116.2	-1.0	-0.1	-0.1	-0.1	-0.1	-1.2	0.1	-0.1	-0.1	-0.1	-0.1
Net Cash Flow During the Period	-85.1	68.9	5.5	-1.9	-7.3	4.1	22.6	-10.4	7.1	-1.9	-18.1	19.2
Cash and Cash Equivalents at Beginning of Period	95.5	40.1	34.6	36.4	43.7	20.3	20.3	18.0	20.3	18.6	18.6	18.6
FX Difference from Revaluation	—	0.1	0.0	0.0	—	0.0	0.0	0.0	0.0	0.1	0.0	0.0
Cash and Cash Equivalents at End of Period	10.4	109.0	40.1	34.6	36.4	43.7	39.6	14.6	27.3	20.3	22.1	40.2

Explore Other Stocks In The Same Sector

HAH, SWC, VOS, VST, MHC, DDM, PDV, PCT, TRS, SKG, VNA, ISG, VSA, VNT, VFC, HTV, WTC, PTS, SHC, TJC, PRC, SSG, VMT, VPA, VSG, NOS

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

SGS

What Is Changing

Drivers of SGS'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