XMC

Đầu tư và Xây dựng Xuân Mai ·UPCOM ·2026Q1

▲ Showing improvement

Operating efficiency is improving Net margin 1.81%, +2.03pp YoY

Price

10,100

Latest close

02 Jun 2026

P/E 18.89x

P/B 0.79x

EPS 535

BVPS 12,804

ROE 4.3%

ROA 1.2%

Profit Margin 1.7%

Asset Turnover 0.71x

Equity Mult. 3.57x

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

What Is Changing

On a TTM 2026Q1 basis, XMC is improving on both revenue and margins, suggesting current growth is backed by both scale and operating efficiency — the growth momentum has held across consecutive periods. However, most of the profit comes from non-core sources — this needs careful evaluation before concluding on growth quality.

	                            
	                                TTM REVENUE
	                            
	                                    VND 2,251bn
	                                
+46.5%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 41bn
	                                
+1262.7%YoY

	                            
	                                Net financial result / PBT
	                            
	                                    165.9%
	                                
affects earnings quality

Metric	2025	2024	2023	2022	2021
Revenue	2,008.0	1,589.6	2,187.8	1,967.1	1,612.0
Growth	+26%	-27%	+11%	+22%	—
Net Income	26.6	7.3	42.3	66.3	61.4
Net Margin	1.32%	0.46%	1.93%	3.37%	3.81%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Revenue	480.1	579.3	622.9	568.7	263.7	291.5	507.4	474.4	864.6	517.7	571.3	234.5
Growth	-17%	-7%	+10%	+116%	-10%	-43%	+7%	-45%	+67%	-9%	+144%	—
Net Income	4.2	14.5	7.2	14.7	-8.2	-0.3	10.5	-5.5	45.7	-12.3	18.8	-7.8
Net Margin	0.88%	2.50%	1.16%	2.59%	-3.10%	-0.11%	2.07%	-1.16%	5.28%	-2.38%	3.30%	-3.34%

Drivers of XMC's profit

TTM

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

Financial income ↑ 124.8bn

Gross profit ↑ 37.3bn

Finance costs ↓ 7.9bn

Administrative expenses ↑ 156.3bn

TTM

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

Financial income ↑ 17.8bn

Gross profit ↑ 5.4bn

Administrative expenses ↑ 6.9bn

Finance costs ↑ 3.4bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 -0.4% = -0.2% × 0.46 × 3.68

2026Q1 4.5% = 1.8% × 0.71 × 3.57

ROE rose from -0.4% to 4.5% — mainly driven by asset turnover, despite leverage moving in the opposite direction.

Net margin: 1.8% +2.0pp Asset turnover: 0.71x +0.25x Leverage: 3.57x -0.11x

Is the profit sustainable?

Margins improved (+2.0pp), but earnings still rely significantly on non-core sources — warrants closer scrutiny.

very positive positive stable watch under pressure

What is driving the margin?

Net margin expanded to 1.81%, rising 2.0pp. Despite pressure from SG&A / Revenue rose 5.3pp and Gross margin fell 1.5pp, the offset came from Net financial result / Revenue rose 7.0pp and Other profit / Revenue rose 0.0pp.

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

Profitability trend

Net Margin 1.81% +2.0pp

Gross Margin 8.46% −1.5pp

SG&A / Revenue 10.57% +5.3pp

Non-core / Revenue 3.65% +7.0pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Financial result is supporting margin

Financial result accounts for 174.2% of PBT and lifted net margin by 7.0pp — separate the operating contribution from this source.

Is capital being used efficiently?

Capital efficiency should be read in industry context — ROIC of 1.9% may fluctuate with business specifics.

Is capital being deployed efficiently?

ROIC expanded to 1.93%, rising 2.0pp. That translates to 1.93 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin rose 1.8pp and capital turnover rose 0.44x, with invested capital easing slightly by 196bn — capital-return quality improved from both sides.

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

CAPITAL EFFICIENCY TREND

ROIC 1.93% +2.0pp

NOPAT Margin 1.67% +1.8pp

Capital Turnover 1.16x +0.44x

Average Invested Capital 1,947.8bn −196.3bn

Balance Sheet

ROIC above should be read with industry context — the balance sheet below adds perspective. Capital structure is typical for the real estate sector — liabilities at 2.81x equity, net debt at 1.11x equity.

Development inventory ended the period at 979.6bn, about 28.2% of total assets — reflecting projects in progress awaiting handover.

Over the last 12 months, working capital released 180.5bn of cash, mainly thanks to lower inventories and higher payables. Pressure from higher receivables only partly offset that benefit.

Working Capital Drivers

Receivables increased → lower CFO: −39.2bn

Inventories decreased → higher CFO: +51.9bn

Payables increased → higher CFO: +167.8bn

Working Capital Efficiency

Working capital is being managed more efficiently, supporting overall capital efficiency. Cash conversion cycle improved by 160.4 days versus the same period last year. The main moves came from DIO fell 116.4 days, DSO fell 84.9 days, and DPO fell 40.9 days.

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

Working capital metrics in this industry should be read alongside business model specifics — DSO/DIO/DPO/CCC can be distorted by operational factors not reflected in raw numbers.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 246.5 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Working Capital Efficiency

Receivables 169.2 days −84.9 days

Inventory 166.1 days −116.4 days

Payables 88.8 days −40.9 days

Cash Conversion Cycle 246.5 days −160.4 days

Is financial risk significant?

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

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 1.11x and interest coverage only at 0.61x.

At present, short-term debt accounts for 60.3% of total debt, cash equals 13.6% of debt, and total debt stands at 1,178.5bn.

Leverage should be read alongside project structure, regulated assets, or industry-specific capital recovery.

Watchpoints

Net leverage is elevated

Net debt / equity stands at 1.11x, increasing balance-sheet pressure.

Interest coverage is thin

Interest coverage is 0.61x, leaving limited room to absorb financing costs.

Leverage and liquidity trend

Net Debt / Equity 1.11x −0.13x

Interest Coverage 0.61x +0.55x

Cash / Debt 13.6% +8.2pp

Short-term Debt / Total Debt 60.3% −0.4pp

CFO / NI 6.70x +111.33x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 243.7bn in 2025, against investing cash flow of -245.7bn.

Post-investment cash flow was negative +1.9bn. Financing cash flow was positive +239.0bn.

CFO / net income was 6.70x.

After spending +40.5bn on fixed-asset investment, the business generated trailing free cash flow of +215.3bn.

FCF and CFO in this industry should be read alongside investment cycles and business model specifics.

Cash Conversion

CFO TTM 255.8bn −47.8bn

Cash Capex 40.5bn +26.4bn

FCF TTM +215.3bn −74.1bn

Investment Takeaway

The business is showing brightening signals, but the improvement is still early and not yet thick enough to read as a confirmed trend. The brighter spot is operating efficiency, with net margin improving 2.0 pp. Even so, earnings quality still needs closer monitoring because net financial result remains elevated. The main risk still sits in leverage and liquidity, with interest coverage at 0.61x.

Improvement: operating efficiency is getting better, with trailing-12M net margin at 1.81% after expanding 2.0pp versus the same period last year.

Watchpoint: cash flow is currently keeping pace with accounting earnings, with CFO / net income at 6.70x. Even so, net financial result still accounts for 165.9% of PBT, so the earnings mix still needs monitoring.

Key risk: leverage and liquidity still require discipline, with interest coverage only at 0.61x.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	2,008.0	1,589.9	2,190.6	1,967.7	1,612.0
Revenue Deductions	0.0	0.4	2.8	0.6	0.0
Net Revenue	2,008.0	1,589.6	2,187.8	1,967.1	1,612.0
Cost of Goods Sold	1,821.5	1,448.5	1,984.2	1,764.8	0.0
Gross Profit	186.5	141.1	203.6	202.3	154.2
Financial Income	130.8	27.1	104.1	97.8	135.4
Financial Expenses	72.8	70.8	117.6	127.9	-149.8
Interest Expense	58.7	70.6	117.2	124.8	-149.7
Share of Associates and Joint Ventures	12.5	-13.0	-0.4	0.4	0.0
Selling Expenses	2.9	2.7	5.7	3.0	-7.3
General and Administrative Expenses	226.2	67.6	130.4	90.4	-58.4
Operating Profit	27.9	14.0	53.5	79.3	74.1
Other Income	7.7	11.2	19.6	18.5	0.0
Other Expenses	2.5	5.5	6.2	12.5	0.0
Other Profit	5.2	5.7	13.3	6.0	6.0
Profit Before Tax	33.1	19.7	66.8	85.3	80.1
Current Income Tax Expense	6.2	11.9	23.9	18.3	-18.7
Deferred Income Tax Expense	0.3	0.5	0.7	0.6	0.0
Net Income	26.6	7.3	42.3	66.3	61.4
Non-controlling Interest	1.8	-0.5	-2.9	0.5	0.2
Profit Attributable to Parent	24.7	7.8	45.2	65.8	61.2
Earnings per Share	346.00	110.00	671.00	977.00	909.00
Diluted EPS	346.00	110.00	671.00	977.00	909.00

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	2,384.7	2,229.1	2,906.4	3,163.1	3,215.7
I. Cash and cash equivalents	313.3	76.3	169.1	82.4	90.8
1. Cash	299.1	65.3	169.1	75.4	0.0
2. Cash equivalents	14.2	11.0	0.0	7.0	0.0
II. Short-term financial investments	8.5	4.0	10.0	11.0	0.0
1. Available for sale securities	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
3. Held to maturity investments	8.5	4.0	10.0	11.0	0.0
III. Short-term receivables	1,050.5	993.3	1,430.8	2,314.7	2,690.1
1. Short-term trade accounts receivable	1,099.9	1,008.3	1,154.5	2,019.9	0.0
2. Short-term prepayments to suppliers	130.7	145.4	289.2	161.5	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	21.3	17.8	27.6	15.7	0.0
6. Other short-term receivables	208.3	97.0	253.1	380.3	0.0
7. Provision for short-term doubtful debts (*)	-409.6	-275.1	-293.6	-262.7	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	979.6	1,120.3	1,233.8	733.8	397.6
1. Inventories	980.3	1,122.5	1,238.3	734.0	0.0
2. Provision for decline in value of inventories	-0.7	-2.2	-4.5	-0.2	0.0
V. Other short-term assets	32.8	35.1	62.6	21.1	18.2
1. Short-term prepayments	1.5	1.7	1.7	2.5	0.0
2. Value added tax to be reclaimed	28.9	29.5	54.0	16.8	0.0
3. Taxes and other receivables from state authorities	2.4	3.9	6.9	1.9	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)	1,087.4	714.7	677.5	1,074.7	1,074.3
I. Long-term receivables	0.1	115.6	19.1	15.2	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	23.8
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	0.1	0.0
6. Other long-term receivables	0.1	121.6	25.1	15.1	0.0
7. Provision for long-term doubtful debts	—	-5.9	-5.9	0.0	0.0
II. Fixed assets	223.4	238.7	328.1	374.5	421.0
1. Tangible fixed assets	223.4	238.5	327.8	373.9	404.0
- Cost	709.7	698.4	770.0	774.7	0.0
- Accumulated depreciation	-486.4	-459.9	-442.2	-400.8	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	16.3
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	0.1	0.2	0.3	0.6	0.7
- Cost	4.8	4.8	4.8	4.9	0.0
- Accumulated depreciation	-4.7	-4.7	-4.5	-4.3	0.0
III. Investment properties	523.6	242.7	207.7	293.9	301.3
- Cost	584.7	292.0	240.7	335.1	0.0
- Accumulated depreciation	-61.1	-49.3	-33.0	-41.2	0.0
IV. Long-term assets in progress	25.8	12.7	13.5	17.6	6.5
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	25.8	12.7	13.5	17.6	0.0
V. Long-term financial investments	296.7	89.2	103.5	361.5	305.2
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	296.0	88.5	101.5	101.8	0.0
3. Investments in other entities	0.7	0.7	0.7	255.4	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	1.3	4.2	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	17.8	15.9	5.6	12.0	0.0
1. Long-term prepayments	15.9	13.7	2.9	8.6	0.0
2. Deferred income tax assets	1.8	2.2	2.7	3.4	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	16.6
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)	3,472.2	2,943.8	3,583.8	4,237.8	4,290.0
A. LIABILITIES (300=210+330)	2,560.7	2,056.2	2,650.6	3,339.6	3,375.6
I. Short -term liabilities	2,073.3	1,671.0	2,564.0	2,997.4	3,013.7
1. Short-term trade accounts payable	562.1	416.4	649.3	664.5	713.3
2. Short-term advances from customers	383.7	230.5	145.7	247.4	97.9
3. Taxes and other payables to state authorities	7.7	9.5	7.7	11.8	0.0
4. Payable to employees	36.8	29.0	34.0	33.6	0.0
5. Short-term acrrued expenses	113.8	106.5	70.8	195.8	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	0.6	0.8	0.3	0.2	0.3
9. Other short-term payables	55.3	75.3	78.2	51.8	0.0
10. Short-term borrowings and financial leases	900.0	788.9	1,562.3	1,776.9	1,712.2
11. Provision for short-term liabilities	0.6	0.0	0.7	0.8	0.0
12.. Bonus and welfare fund	12.8	14.1	15.0	14.5	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	487.4	385.2	86.6	342.2	361.9
1. Long-term trade payables	8.9	13.0	13.0	13.2	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	45.9	45.6	46.9	48.2	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	3.2	6.1	10.2	74.2	0.0
8. Long-term borrowings and financial leases	429.4	311.5	0.8	176.0	269.6
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	0.0	9.0	15.7	30.6	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)	911.5	887.6	933.2	898.2	914.4
I. Owner's equity	911.5	887.6	933.2	898.2	0.0
1. Owner's capital	714.1	714.1	673.6	673.6	914.4
- Common stock with voting right	714,056,890,000.00	714,056,890,000.00	673,643,390,000.00	673,643,390,000.00	673,643,390,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
5. Treasury shares	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	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	6.6	6.6	6.6	12.8	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	169.6	147.2	232.1	187.1	202.5
- Accumulated retained earning at the end of the previous period	144.9	139.3	186.9	121.2	141.2
- Undistributed earnings in this period	24.7	7.8	45.2	65.8	61.2
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	21.2	19.8	20.8	24.7	25.5
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)	3,472.2	2,943.8	3,583.8	4,237.8	4,290.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	33.1	19.7	66.8	85.3	80.1
Depreciation of Fixed Assets and Investment Property	41.1	43.7	54.6	58.4	61.3
Provision (Increase)/Reversal	106.2	-28.1	26.1	-16.2	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.1	-2.7	-0.0	-0.0	0.0
Gain/Loss from Investment Activities	-45.9	-23.2	-103.2	-97.9	0.0
Interest Expense	58.7	70.6	117.5	124.8	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	193.0	80.1	161.9	154.4	140.4
Increase/(Decrease) in Receivables	129.4	203.4	963.2	484.2	0.0
Increase/(Decrease) in Inventory	8.4	115.8	-419.2	-353.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	31.8	35.0	-447.5	-76.3	0.0
Increase/(Decrease) in Prepaid Expenses	-2.1	-10.8	6.6	4.3	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-108.6	-53.7	-119.8	-123.9	0.0
Corporate Income Tax Paid	-5.1	-8.2	-6.8	-8.4	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-3.1	-4.6	-4.5	-6.5	0.0
Net Cash Flow from Operating Activities	243.7	356.9	134.0	74.8	316.6
Payments for Fixed Assets and Other Long-term Assets	-45.8	-4.0	-7.9	-34.4	-3.6
Proceeds from Disposal of Fixed Assets and Long-term Assets	7.6	27.7	7.1	4.0	5.0
Loans and Purchases of Debt Instruments	-61.5	-23.9	-44.6	-0.1	-91.1
Receipts from Loan Repayments and Sale of Debt Instruments	3.5	41.0	36.8	12.5	127.6
Investments in Other Entities	-225.0	0.0	0.0	-198.3	0.0
Proceeds from Investments in Other Entities	74.0	0.0	297.4	138.1	0.0
Dividends and Interest Income Received	1.5	24.1	69.9	72.1	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	-245.7	64.9	358.7	-6.1	136.6
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	1,688.4	1,395.1	1,228.7	1,801.0	1,859.3
Repayment of Borrowings	-1,409.4	-1,857.8	-1,618.5	-1,826.5	-2,296.6
Repayment of Finance Leases	—	0.0	0.0	-3.4	-3.4
Dividends Paid	-40.0	-51.9	-16.1	-48.2	-57.5
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	239.0	-514.6	-405.9	-77.1	-498.2
Net Cash Flow During the Period	237.0	-92.8	86.7	-8.4	49.3
Cash and Cash Equivalents at Beginning of Period	76.3	169.1	82.4	90.8	135.7
FX Difference from Revaluation	0.0	-0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	313.3	76.3	169.1	82.4	90.8

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Revenue	480.1	579.3	622.9	568.7	263.7	291.8	507.4	474.4	864.6	520.4	573.1	235.0
Revenue Deductions	—	0.0	—	—	—	0.3	0.0	0.0	0.0	2.8	1.8	0.6
Net Revenue	480.1	579.3	622.9	568.7	263.7	291.5	507.4	474.4	864.6	517.7	571.3	234.5
Cost of Goods Sold	448.8	522.5	562.5	526.5	237.8	254.4	460.3	431.2	767.8	473.0	504.7	224.7
Gross Profit	31.2	56.8	60.4	42.1	25.9	37.1	47.1	43.2	96.8	44.7	66.6	9.7
Financial Income	17.9	124.8	1.5	4.9	0.1	0.2	23.7	0.3	38.3	0.7	20.9	44.1
Financial Expenses	17.9	19.8	17.6	15.7	14.4	19.0	21.8	23.6	22.4	34.2	29.8	32.0
Interest Expense	18.2	14.7	17.6	12.6	14.4	15.3	21.7	23.6	27.7	27.8	29.8	32.0
Share of Associates and Joint Ventures	—	12.5	-0.0	-0.0	—	0.0	-12.5	0.0	0.0	0.0	0.0	0.0
Selling Expenses	0.6	0.8	0.7	0.6	0.8	0.7	0.7	0.6	2.7	1.4	0.7	0.4
General and Administrative Expenses	24.5	160.3	35.5	15.0	17.6	15.3	24.3	21.8	52.7	19.8	32.1	22.2
Operating Profit	6.2	13.2	8.0	15.8	-6.8	2.4	11.5	-2.5	57.3	-9.9	24.9	-0.8
Other Income	0.4	6.2	0.3	0.9	0.2	2.0	4.0	0.9	2.1	0.9	1.0	1.5
Other Expenses	1.6	1.3	0.2	0.8	0.3	2.5	1.6	0.4	0.7	0.3	0.4	4.8
Other Profit	-1.2	4.9	0.1	0.1	-0.0	-0.5	2.4	0.5	1.4	0.6	0.6	-3.3
Profit Before Tax	5.0	18.1	8.1	15.9	-6.9	1.9	13.8	-1.9	58.7	-9.3	25.5	-4.1
Current Income Tax Expense	0.8	3.4	0.9	1.2	0.8	2.3	3.2	3.6	13.0	3.0	6.6	3.7
Deferred Income Tax Expense	0.0	0.2	—	—	0.4	-0.1	0.1	0.0	0.0	0.0	0.0	0.0
Net Income	4.2	14.5	7.2	14.7	-8.2	-0.3	10.5	-5.5	45.7	-12.3	18.8	-7.8
Non-controlling Interest	0.3	0.9	0.6	0.7	-0.1	-0.7	0.4	-0.2	-0.6	-0.7	-0.0	-0.3
Profit Attributable to Parent	3.9	13.6	6.6	14.1	-8.1	0.3	10.1	-5.3	46.3	-11.7	18.8	-7.6
Earnings per Share	54.72	190.29	92.67	196.98	-112.75	4.78	141.21	-73.88	687.35	-173.49	279.75	-112.30
Diluted EPS	54.72	190.29	92.67	196.98	-112.75	4.78	141.21	-73.88	687.35	-173.49	279.75	-112.30

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	2,282.2	2,394.2	2,166.4	2,124.3	1,981.5	2,396.2	2,638.1	2,648.2	2,944.8	3,256.5	3,132.6	3,289.7
I. Cash and cash equivalents	160.5	304.3	127.3	68.3	62.8	55.6	214.6	56.4	178.1	113.8	138.0	209.6
1. Cash	109.5	299.1	118.3	62.3	57.8	53.6	213.6	56.4	169.1	96.8	129.0	202.6
2. Cash equivalents	51.0	5.2	9.0	6.0	5.0	2.0	1.0	0.0	9.0	17.0	9.0	7.0
II. Short-term financial investments	47.5	17.5	8.5	11.5	10.0	10.0	12.0	10.0	1.0	11.1	11.1	11.1
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
3. Held to maturity investments	62.7	17.5	8.5	11.5	10.0	10.0	12.0	10.0	1.0	11.0	11.0	11.0
4. Provision for short-term investments held to maturity (*)	-15.2	—	—	—	—	—	—	—	—	—	—	—
III. Short-term receivables	1,065.6	1,050.5	1,083.9	1,091.7	982.7	1,262.1	1,348.3	1,341.4	1,458.4	2,013.3	2,078.7	2,210.9
1. Short-term trade accounts receivable	1,105.8	1,102.0	1,079.2	1,077.8	981.1	1,088.2	1,139.5	1,085.6	1,158.9	1,235.8	1,763.4	1,842.7
2. Short-term prepayments to suppliers	147.7	130.9	160.9	160.9	160.5	355.3	281.3	286.6	295.3	653.2	171.6	200.0
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	—	21.3	21.3	17.3	17.8	23.5	23.5	25.4	27.5	37.4	47.2	50.2
6. Other short-term receivables	207.6	92.8	101.4	96.3	95.8	98.3	199.8	236.9	263.7	359.2	368.9	380.7
7. Provision for short-term doubtful debts (*)	-395.5	-296.4	-278.9	-260.5	-272.4	-303.3	-295.7	-293.1	-287.0	-272.2	-272.4	-262.7
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	981.3	989.2	913.2	918.4	890.6	1,049.8	1,035.7	1,196.5	1,244.6	1,073.0	877.5	837.7
1. Inventories	982.0	989.9	914.1	920.6	892.8	1,054.3	1,040.2	1,201.0	1,249.0	1,077.5	882.0	838.3
2. Provision for decline in value of inventories	-0.7	-0.7	-0.9	-2.2	-2.2	-4.5	-4.5	-4.5	-4.5	-4.5	-4.5	-0.6
V. Other short-term assets	27.3	32.7	33.4	34.4	35.4	18.5	27.5	43.8	62.7	45.4	27.3	20.5
1. Short-term prepayments	2.2	1.4	2.5	3.0	2.0	1.3	2.1	1.7	1.8	1.7	2.4	2.2
2. Value added tax to be reclaimed	23.4	28.9	29.2	29.3	31.9	12.9	21.1	39.6	53.7	42.4	24.9	18.3
3. Taxes and other receivables from state authorities	1.8	2.4	1.7	2.1	1.5	4.3	4.3	2.5	7.2	1.2	0.0	0.0
4. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	1,024.7	1,081.2	1,274.1	1,041.4	1,096.2	712.3	641.4	665.3	662.3	690.8	715.4	802.0
I. Long-term receivables	0.1	0.1	165.6	165.6	216.6	116.0	16.1	16.1	6.1	15.1	15.1	15.1
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	0.1	0.1	0.1	0.1
6. Other long-term receivables	0.1	115.6	165.6	171.6	222.6	121.9	22.0	22.0	15.1	15.1	15.1	15.1
7. Provision for long-term doubtful debts	—	-115.5	—	-5.9	-5.9	-5.9	-5.9	-5.9	-9.0	0.0	0.0	0.0
II. Fixed assets	217.2	223.4	233.1	238.6	234.2	301.5	309.7	320.2	326.1	336.6	346.8	358.6
1. Tangible fixed assets	217.1	223.3	233.0	238.5	234.1	301.3	309.5	319.9	325.7	336.2	346.4	358.1
- Cost	709.8	—	—	—	—	769.6	769.8	770.5	767.2	765.9	763.7	764.9
- Accumulated depreciation	-492.7	—	—	—	—	-468.3	-460.3	-450.6	-441.4	-429.6	-417.3	-406.8
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	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.3	0.3	0.4	0.4	0.5
- Cost	4.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-4.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	520.7	523.6	526.6	527.9	530.8	188.4	205.1	206.4	207.7	209.0	217.8	292.1
- Cost	584.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-64.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	28.2	25.8	15.0	13.9	19.6	14.2	14.1	13.6	13.4	17.8	17.1	17.1
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	28.2	25.8	15.0	13.9	19.6	14.2	14.1	13.6	13.4	17.8	17.1	17.1
V. Long-term financial investments	247.5	296.7	314.1	89.1	89.2	85.5	91.0	103.5	103.1	106.8	106.8	106.8
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	246.7	296.0	313.4	88.4	88.5	88.5	89.0	101.5	101.8	101.8	101.8	101.8
3. Investments in other entities	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7
4. Provision for diminution in value of long-term investments	—	—	—	-0.0	—	-3.7	0.0	0.0	-0.7	0.0	0.0	0.0
5. Held to maturity investments	—	—	—	—	—	0.0	1.3	1.3	1.3	4.2	4.2	4.2
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	11.1	11.7	19.7	6.3	5.8	6.7	5.4	5.5	5.8	5.6	11.8	12.3
1. Long-term prepayments	9.3	9.8	17.6	4.1	3.6	4.0	2.7	2.6	2.9	2.8	8.2	8.7
2. Deferred income tax assets	1.8	1.9	2.1	2.2	2.2	2.8	2.8	2.9	2.9	2.8	3.6	3.6
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)	3,306.9	3,475.4	3,440.5	3,165.7	3,077.8	3,108.5	3,279.5	3,313.5	3,607.1	3,947.3	3,848.1	4,091.7
A. LIABILITIES (300=210+330)	2,392.6	2,563.6	2,543.1	2,274.2	2,201.1	2,225.8	2,390.7	2,435.2	2,667.1	3,046.9	2,944.5	3,202.5
I. Short -term liabilities	1,866.9	2,075.8	2,198.9	1,927.2	1,675.8	1,855.2	2,015.7	2,348.7	2,566.2	2,825.2	2,722.0	2,868.0
1. Short-term trade accounts payable	558.5	562.8	451.0	466.3	421.7	495.4	543.7	497.0	535.7	713.5	533.7	606.8
2. Short-term advances from customers	361.2	385.7	255.9	259.5	322.1	245.1	221.7	159.0	147.1	273.2	260.1	358.9
3. Dividends and profits payable	2.0	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	3.6	7.8	10.7	4.6	7.9	8.5	12.4	8.6	8.7	20.8	23.8	14.8
4. Payable to employees	19.6	36.2	27.2	26.0	18.6	22.3	22.5	24.8	32.6	25.4	26.7	26.7
5. Short-term acrrued expenses	138.4	113.8	149.9	176.6	139.4	146.6	106.8	115.1	184.8	153.3	175.6	212.4
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	1.8	0.6	0.1	0.1	0.2	0.2	0.2	0.0	0.3	0.1	0.2	0.6
9. Other short-term payables	57.1	55.2	48.8	51.9	52.8	76.2	93.3	77.7	78.7	104.5	108.0	55.7
10. Short-term borrowings and financial leases	710.4	900.0	1,241.2	927.7	698.0	844.4	999.7	1,450.3	1,561.9	1,517.0	1,576.6	1,577.1
11. Provision for short-term liabilities	0.6	0.6	—	—	—	0.0	0.3	0.7	1.1	1.2	0.9	0.8
12.. Bonus and welfare fund	13.6	13.2	14.2	14.6	15.2	16.6	15.0	15.5	15.2	16.3	16.5	14.2
13. Price stabilization fund	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	525.7	487.7	344.3	347.0	525.3	370.7	375.0	86.5	100.9	221.7	222.5	334.5
1. Long-term trade payables	8.9	8.9	13.0	13.0	13.0	13.0	13.0	13.0	13.0	13.0	13.0	13.0
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	45.8	45.9	46.1	45.7	46.0	46.2	46.2	46.9	46.9	47.6	47.6	48.2
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	2.9	3.2	3.7	6.0	6.0	10.7	10.2	10.1	10.2	10.2	10.4	66.8
8. Long-term borrowings and financial leases	468.1	429.4	273.9	273.3	451.5	291.7	292.5	0.9	1.1	120.9	120.9	176.0
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	0.3	7.5	9.0	8.8	9.0	13.2	15.6	29.7	30.1	30.7	30.5
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)	914.3	911.9	897.4	891.5	876.7	882.7	888.8	878.3	939.9	900.5	903.5	889.3
I. Owner's equity	914.3	911.9	897.4	891.5	876.7	882.7	888.8	878.3	939.9	900.5	903.5	889.3
1. Owner's capital	714.1	714.1	714.1	714.1	714.1	714.1	714.1	714.1	673.6	673.6	673.6	673.6
- Common stock with voting right	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	673,643,390,000.00	673,643,390,000.00	673,643,390,000.00	673,643,390,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00
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	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	12.8	12.8	12.8	12.8
9. Fund to support corporate restructuring	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	172.9	169.8	156.2	150.9	136.8	142.7	147.7	137.6	230.7	190.6	193.0	178.8
- Accumulated retained earning at the end of the previous period	169.0	145.0	145.0	144.9	141.7	139.3	142.9	142.9	181.8	188.0	181.8	186.3
- Undistributed earnings in this period	3.9	24.8	11.2	6.0	-4.9	3.3	4.8	-5.3	48.9	2.6	11.3	-7.6
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	20.7	21.4	20.5	19.9	19.2	19.4	20.5	20.1	22.8	23.4	24.1	24.1
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)	3,306.9	3,475.4	3,440.5	3,165.7	3,077.8	3,108.5	3,279.5	3,313.5	3,607.1	3,947.3	3,848.1	4,091.7

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Profit Before Tax	5.0	17.7	8.1	14.2	-6.9	1.9	12.2	-1.9	52.7	-9.3	27.6	-4.1
Depreciation of Fixed Assets and Investment Property	9.2	9.4	11.2	12.0	8.6	8.1	14.8	11.3	14.2	12.5	15.7	12.3
Provision (Increase)/Reversal	0.0	111.1	9.8	-11.7	-2.9	-1.1	7.8	-0.6	6.2	6.4	13.2	0.3
FX Gain/Loss from Revaluation of Monetary Items	—	0.2	0.0	-0.3	—	0.0	-0.1	0.0	-1.4	1.4	0.0	0.0
Gain/Loss from Investment Activities	-4.4	-39.3	-5.8	4.5	-5.3	-3.2	-10.9	-0.2	14.6	-0.3	-74.2	-43.3
Interest Expense	18.2	14.0	17.6	12.6	14.4	15.3	21.7	23.6	28.0	27.8	29.8	32.0
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	0.2	-0.2
Operating Profit Before Changes in Working Capital	27.9	113.0	40.9	31.2	8.0	21.0	45.5	32.1	114.3	38.4	12.3	-3.1
Increase/(Decrease) in Receivables	-130.1	121.8	-35.9	5.0	38.5	-11.7	21.3	189.6	576.2	168.8	19.9	198.3
Increase/(Decrease) in Inventory	-2.2	-64.4	-8.4	127.0	-45.7	-11.9	173.7	37.3	-94.5	-193.3	-20.6	-110.7
Increase/(Decrease) in Payables (Excl. Interest and CIT)	105.6	188.3	34.5	-160.7	-30.4	-8.4	95.2	-184.0	-321.6	-6.6	-146.3	27.0
Increase/(Decrease) in Prepaid Expenses	6.4	2.6	-0.0	-8.3	3.7	8.8	-8.5	-1.3	1.8	4.2	0.4	0.2
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-24.9	-29.8	-52.8	-20.0	-6.0	-6.9	-21.6	-23.9	-32.1	-28.4	-27.0	-32.2
Corporate Income Tax Paid	-4.0	-0.5	-0.5	-3.5	-0.7	-5.3	0.1	-1.3	-1.0	-0.6	-4.0	-1.2
Other Operating Receipts	0.0	—	—	—	—	0.0	-0.0	0.0	-41.3	41.3	-0.0	0.0
Other Operating Payments	-0.7	-0.9	-1.0	0.1	-1.4	-0.4	-1.0	-0.9	0.1	0.1	0.0	-4.8
Net Cash Flow from Operating Activities	-22.0	330.2	-23.3	-29.1	-34.1	-14.7	304.8	47.7	201.9	23.9	-165.2	73.4
Payments for Fixed Assets and Other Long-term Assets	-4.1	-25.1	-5.1	-6.2	-9.4	-1.5	-1.0	-2.2	-2.5	-2.3	-1.8	-1.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	6.4	0.9	0.2	0.1	2.3	0.3	0.0	-114.4	0.4	119.9	1.2
Loans and Purchases of Debt Instruments	-37.0	-50.0	-7.0	-4.5	—	-8.6	0.0	0.0	-4.1	-8.0	7.0	-39.5
Receipts from Loan Repayments and Sale of Debt Instruments	7.3	0.0	3.0	0.5	—	4.9	6.9	2.2	25.8	10.0	-4.0	5.0
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.3	-0.3	0.0	0.0
Proceeds from Investments in Other Entities	49.5	74.0	—	—	—	0.0	0.0	0.0	0.0	0.0	42.7	254.7
Dividends and Interest Income Received	4.4	-4.2	5.4	0.1	0.2	0.2	23.7	0.1	38.1	0.3	-10.3	41.8
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	20.0	1.1	-227.8	-9.8	-9.2	-2.7	29.8	0.1	-56.8	0.1	153.5	261.9
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	0.00	0.00	0.00	-300,000,000.00	300,000,000.00	0.00	0.00
Share Repurchases	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	580.7	409.0	628.3	324.3	326.8	196.7	604.2	310.0	290.6	234.1	389.3	314.7
Repayment of Borrowings	-731.6	-544.8	-314.2	-272.8	-277.7	-346.0	-770.1	-421.8	-376.8	-282.3	-444.8	-514.6
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	-9.4	-7.1	-4.1	-19.4	-1.3	-1.9	-48.7	-3.1	-0.4	-4.4	-8.3
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	-150.8	-145.2	307.1	47.4	29.7	-150.6	-167.8	-160.5	-89.7	-48.3	-59.9	-208.1
Net Cash Flow During the Period	-152.8	186.0	56.0	8.5	-13.5	-168.1	166.8	-112.7	55.3	-24.3	-71.5	127.2
Cash and Cash Equivalents at Beginning of Period	313.3	127.3	71.3	62.8	76.3	169.1	169.1	169.1	82.4	82.4	82.4	82.4
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	160.5	313.3	127.3	71.3	62.8	55.1	223.2	56.4	169.1	113.8	138.0	209.6

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, 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, L43, 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.

XMC

What Is Changing

Drivers of XMC'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