{"id":3796,"date":"2024-09-27T13:28:53","date_gmt":"2024-09-27T06:28:53","guid":{"rendered":"https:\/\/nsl.def2design.com\/financial-statements-management-discussion-and-analysis\/"},"modified":"2026-05-18T10:08:24","modified_gmt":"2026-05-18T03:08:24","slug":"financial-statements-management-discussion-and-analysis","status":"publish","type":"page","link":"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/","title":{"rendered":"Financial Statements, Management Discussion and Analysis"},"content":{"rendered":"\n\t<section class=\"section\" id=\"section_1349895349\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1921\" height=\"649\" src=\"https:\/\/nslfoods.com\/wp-content\/uploads\/2024\/09\/infomoney-2.jpg\" class=\"bg attachment-original size-original\" alt=\"\" \/>\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n\t<div id=\"text-3002047980\" class=\"text invastorheade2\">\n\t\t\n<h1>Financial Statements<\/h1>\n\t\t\n<style>\n#text-3002047980 {\n  text-align: center;\n  color: rgb(255,255,255);\n}\n#text-3002047980 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1349895349 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n  min-height: 60px;\n}\n@media (min-width:550px) {\n  #section_1349895349 {\n    min-height: 650px;\n  }\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_1799686552\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row\" style=\"max-width:1500px\" id=\"row-1064982270\">\n\n\t<div id=\"col-810413212\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t\t<div class=\"tabbed-content subcommitteesec onlymoney\">\n\t\t\t\n\t\t\t<ul class=\"nav nav-tabs nav-uppercase nav-size-normal nav-left\" role=\"tablist\"><li id=\"tab-financial-statements\" class=\"tab active has-icon\" role=\"presentation\"><a href=\"#tab_financial-statements\" role=\"tab\" aria-selected=\"true\" aria-controls=\"tab_financial-statements\"><span>Financial Statements<\/span><\/a><\/li>\n<li id=\"tab-management-discussion-and-analysis\" class=\"tab has-icon\" role=\"presentation\"><a href=\"#tab_management-discussion-and-analysis\" tabindex=\"-1\" role=\"tab\" aria-selected=\"false\" aria-controls=\"tab_management-discussion-and-analysis\"><span>Management Discussion and Analysis<\/span><\/a><\/li><\/ul><div class=\"tab-panels\"><div id=\"tab_financial-statements\" class=\"panel active entry-content\" role=\"tabpanel\" aria-labelledby=\"tab-financial-statements\">\n\t<div id=\"gap-1426400531\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1426400531 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row\"  id=\"row-2131012938\">\n\n\t<div id=\"col-321606916\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-4089792192\" class=\"text\">\n\t\t\n<h2>Financial Statements<\/h2>\n\t\t\n<style>\n#text-4089792192 {\n  color: rgb(255,255,255);\n}\n#text-4089792192 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row downloadmoney\"  id=\"row-1700517553\">\n\n\t<div id=\"col-511843406\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1639400769\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 1\/2026 (Reviewed)<\/p>\n\t\t\n<style>\n#text-1639400769 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1639400769 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-306537826\" class=\"text\">\n\t\t\n<p><a href=\"https:\/\/weblink.set.or.th\/dat\/news\/202605\/1621FIN180520260422490393E.zip?_gl=1*qu5pw*_gcl_au*MTkwMjM4MzU0My4xNzc0NDMxMTE3*_ga*MTYwMDYwNzg1MS4xNzc0NDMxMTE5*_ga_ET2H60H2CB*czE3NzkwNzA2MDkkbzEyJGcxJHQxNzc5MDcxODg4JGo2MCRsMCRoMA..\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-306537826 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-306537826 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1843586295\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2133900795\" class=\"text\">\n\t\t\n<p>Financial Statement Yearly 2025 (Audited)<\/p>\n\t\t\n<style>\n#text-2133900795 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2133900795 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3983352093\" class=\"text\">\n\t\t\n<p><a class=\"downloadiconpdf\" href=\"https:\/\/weblink.set.or.th\/dat\/news\/202603\/1621FIN020320260500160628E.zip?_gl=1*1miwe9b*_gcl_au*NjAzMzkzOTEzLjE3NjUxODUzMzE.*_ga*OTQzMzk0MDM0LjE3NjUxODUzMzM.*_ga_ET2H60H2CB*czE3NzI2MDU4NjQkbzIzJGcxJHQxNzcyNjA2MDA2JGo2MCRsMCRoMA..\" target=\"_blank\" rel=\"noopener\">Download<\/a><\/p>\n\t\t\n<style>\n#text-3983352093 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3983352093 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1711607437\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-3498231553\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 3\/2025 (Reviewed)<\/p>\n\t\t\n<style>\n#text-3498231553 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3498231553 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-4282095171\" class=\"text\">\n\t\t\n<p><a class=\"downloadiconpdf\" href=\"https:\/\/weblink.set.or.th\/dat\/news\/202511\/1621FIN141120252119480784E.zip?_gl=1*l968fw*_gcl_au*MTkzMjQ5MDU5Mi4xNzU4NTk4OTU3*_ga*MTAyMjQ4ODU3LjE3NTg1OTg5NjA.*_ga_ET2H60H2CB*czE3NjMzNDg5NDkkbzI1JGcxJHQxNzYzMzQ5MjU3JGozMCRsMCRoMA..\" target=\"_blank\" rel=\"noopener\">Download<\/a><\/p>\n\t\t\n<style>\n#text-4282095171 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4282095171 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-571903741\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-3321061265\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 2\/2025 (Reviewed)<\/p>\n\t\t\n<style>\n#text-3321061265 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3321061265 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2304828676\" class=\"text\">\n\t\t\n<p><a href=\"https:\/\/weblink.set.or.th\/dat\/news\/202508\/1621FIN140820250620590024E.zip?_gl=1*9rduek*_gcl_au*MTg1Njc5MTkxNy4xNzU0Mjk1MTA0*_ga*MTY0NDA1MjM5My4xNzU0Mjk1MTA1*_ga_ET2H60H2CB*czE3NTU0OTQyODQkbzI3JGcxJHQxNzU1NDk0ODgzJGo2MCRsMCRoMA..\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-2304828676 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2304828676 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-949769486\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2800171421\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 1\/2025 (Reviewed)<\/p>\n\t\t\n<style>\n#text-2800171421 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2800171421 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3311236303\" class=\"text\">\n\t\t\n<p><a href=\"https:\/\/weblink.set.or.th\/dat\/news\/202505\/1621FIN130520250611140406E.zip\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-3311236303 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3311236303 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row downloadmoney\"  id=\"row-1516479756\">\n\n\t<div id=\"col-1947369648\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-477793867\" class=\"text\">\n\t\t\n<p>Financial Statement Yearly 2024 (Audited)<\/p>\n\t\t\n<style>\n#text-477793867 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-477793867 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-539518479\" class=\"text\">\n\t\t\n<p><a href=\"\/wp-content\/uploads\/2025\/05\/1621FIN270220250757250930E.zip\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-539518479 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-539518479 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row downloadmoney\"  id=\"row-691898905\">\n\n\t<div id=\"col-457045683\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-914819344\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 3\/2024 (Reviewed)<\/p>\n\t\t\n<style>\n#text-914819344 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-914819344 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-4119235338\" class=\"text\">\n\t\t\n<p><a href=\"\/wp-content\/uploads\/2025\/03\/1621FIN111120240825480019T.zip\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-4119235338 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4119235338 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row downloadmoney\"  id=\"row-1572905692\">\n\n\t<div id=\"col-1580511768\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2838061573\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 2\/2024 (Reviewed)<\/p>\n\t\t\n<style>\n#text-2838061573 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2838061573 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2840392338\" class=\"text\">\n\t\t\n<p><a href=\"\/wp-content\/uploads\/2025\/03\/1621FIN130820240412440116T.zip\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-2840392338 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2840392338 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row downloadmoney\"  id=\"row-321640769\">\n\n\t<div id=\"col-1278355189\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-63508658\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 1\/2024 (Reviewed)<\/p>\n\t\t\n<style>\n#text-63508658 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-63508658 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-338842222\" class=\"text\">\n\t\t\n<p><a href=\"\/wp-content\/uploads\/2025\/03\/1621FIN270220250757250706T.zip\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-338842222 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-338842222 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<\/div>\n<div id=\"tab_management-discussion-and-analysis\" class=\"panel entry-content\" role=\"tabpanel\" aria-labelledby=\"tab-management-discussion-and-analysis\">\n\t<div id=\"gap-2036236969\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2036236969 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row\"  id=\"row-1129210299\">\n\n\t<div id=\"col-1979312210\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2285541451\" class=\"text\">\n\t\t\n<h2>Management Discussion and Analysis<\/h2>\n\t\t\n<style>\n#text-2285541451 {\n  color: rgb(255,255,255);\n}\n#text-2285541451 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row downloadmoney\"  id=\"row-1719984873\">\n\n\t<div id=\"col-990681340\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-762901530\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Quarter 1 Ended 31 Mar 2026<\/p>\n\t\t\n<style>\n#text-762901530 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-762901530 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1486402648\" class=\"text\">\n\t\t\n<p><a href=\"https:\/\/weblink.set.or.th\/dat\/news\/202605\/1621NWS180520260713183890E.pdf?_gl=1*vd8ri6*_gcl_au*MTkwMjM4MzU0My4xNzc0NDMxMTE3*_ga*MTYwMDYwNzg1MS4xNzc0NDMxMTE5*_ga_ET2H60H2CB*czE3NzkwNzA2MDkkbzEyJGcxJHQxNzc5MDcxOTgwJGo2MCRsMCRoMA..\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-1486402648 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1486402648 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-288875478\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-638291013\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Yearly Ended 31 Dec 2025<\/p>\n\t\t\n<style>\n#text-638291013 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-638291013 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2892304366\" class=\"text\">\n\t\t\n<p><a class=\"downloadiconpdf\" href=\"https:\/\/weblink.set.or.th\/dat\/news\/202603\/1621NWS020320260706505900E.pdf?_gl=1*1ukypu1*_gcl_au*NjAzMzkzOTEzLjE3NjUxODUzMzE.*_ga*OTQzMzk0MDM0LjE3NjUxODUzMzM.*_ga_ET2H60H2CB*czE3NzI2MDU4NjQkbzIzJGcxJHQxNzcyNjA2MjA1JGo2MCRsMCRoMA..\" target=\"_blank\" rel=\"noopener\">Download<\/a><\/p>\n\t\t\n<style>\n#text-2892304366 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2892304366 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-44358018\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2233543363\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Quarter 3 Ending 30 Sep 2025<\/p>\n\t\t\n<style>\n#text-2233543363 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2233543363 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-497300141\" class=\"text\">\n\t\t\n<p><a class=\"downloadiconpdf\" href=\"https:\/\/weblink.set.or.th\/dat\/news\/202511\/1621NWS171120250703500930E.pdf?_gl=1*lowdk*_gcl_au*MTkzMjQ5MDU5Mi4xNzU4NTk4OTU3*_ga*MTAyMjQ4ODU3LjE3NTg1OTg5NjA.*_ga_ET2H60H2CB*czE3NjMzNDg5NDkkbzI1JGcxJHQxNzYzMzQ5MjkzJGo1OSRsMCRoMA..\" target=\"_blank\" rel=\"noopener\">Download<\/a><\/p>\n\t\t\n<style>\n#text-497300141 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-497300141 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1937961899\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-3916928050\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis  Quarter 2 Ending 30 Jun 2025<\/p>\n\t\t\n<style>\n#text-3916928050 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3916928050 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-153385834\" class=\"text\">\n\t\t\n<p><a href=\"https:\/\/weblink.set.or.th\/dat\/news\/202508\/1621NWS140820250841067000E.pdf?_gl=1*188huoo*_gcl_au*MTg1Njc5MTkxNy4xNzU0Mjk1MTA0*_ga*MTY0NDA1MjM5My4xNzU0Mjk1MTA1*_ga_ET2H60H2CB*czE3NTU0OTQyODQkbzI3JGcxJHQxNzU1NDk1MTM4JGoxNiRsMCRoMA..\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-153385834 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-153385834 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1062337953\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2189449631\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Quarter 1 Ended 31 Mar 2025<\/p>\n\t\t\n<style>\n#text-2189449631 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2189449631 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3003848124\" class=\"text\">\n\t\t\n<p><a href=\"\/wp-content\/uploads\/2025\/05\/NSL-MDA-Q125-EN-Final.pdf\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-3003848124 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3003848124 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row downloadmoney\"  id=\"row-1996761296\">\n\n\t<div id=\"col-674496257\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-3930398023\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Yearly Ended 31 Dec 2024<\/p>\n\t\t\n<style>\n#text-3930398023 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3930398023 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3344121615\" class=\"text\">\n\t\t\n<p><a href=\"\/wp-content\/uploads\/2025\/03\/1621NWS270220250850390424T.pdf\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-3344121615 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3344121615 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row downloadmoney\"  id=\"row-1495099734\">\n\n\t<div id=\"col-2111976005\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1569465733\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Quarter 3  Ended 30 Sep 2024<\/p>\n\t\t\n<style>\n#text-1569465733 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1569465733 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3142260373\" class=\"text\">\n\t\t\n<p><a href=\"\/wp-content\/uploads\/2025\/03\/1621NWS130820240731020391T.pdf\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-3142260373 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3142260373 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row downloadmoney\"  id=\"row-2110893882\">\n\n\t<div id=\"col-849550613\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-182618222\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Quarter 2  Ended 30 Jun 2024<\/p>\n\t\t\n<style>\n#text-182618222 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-182618222 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-4061092102\" class=\"text\">\n\t\t\n<p><a href=\"\/wp-content\/uploads\/2025\/03\/1621NWS111120240844500268T.pdf\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-4061092102 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4061092102 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row downloadmoney\"  id=\"row-215269477\">\n\n\t<div id=\"col-1019659063\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1820716009\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Quarter 1  Ended 31 Mar 2024<\/p>\n\t\t\n<style>\n#text-1820716009 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1820716009 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2101838113\" class=\"text\">\n\t\t\n<p><a href=\"\/wp-content\/uploads\/2025\/05\/1621NWS130520240831530170E.pdf\" target=\"_blank\" class=\"downloadiconpdf\">Download<\/a><\/p>\n\t\t\n<style>\n#text-2101838113 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2101838113 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<\/div><\/div><\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1799686552 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n  background-color: #086a7a;\n}\n<\/style>\n\t<\/section>\n\t\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-3796","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Statements, Management Discussion and Analysis - NSL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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