{"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_1080247422\">\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-4117935309\" class=\"text invastorheade2\">\n\t\t\n<h1>Financial Statements<\/h1>\n\t\t\n<style>\n#text-4117935309 {\n  text-align: center;\n  color: rgb(255,255,255);\n}\n#text-4117935309 > * {\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_1080247422 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n  min-height: 60px;\n}\n@media (min-width:550px) {\n  #section_1080247422 {\n    min-height: 650px;\n  }\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_1025116214\">\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-1472970804\">\n\n\t<div id=\"col-1811125613\" 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-2105174092\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2105174092 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row\"  id=\"row-425863073\">\n\n\t<div id=\"col-1063349849\" 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-3397622011\" class=\"text\">\n\t\t\n<h2>Financial Statements<\/h2>\n\t\t\n<style>\n#text-3397622011 {\n  color: rgb(255,255,255);\n}\n#text-3397622011 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row downloadmoney\"  id=\"row-1939830225\">\n\n\t<div id=\"col-21284736\" 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-3509221687\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 1\/2026 (Reviewed)<\/p>\n\t\t\n<style>\n#text-3509221687 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3509221687 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-4246892475\" 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-4246892475 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4246892475 > * {\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-2057923085\" 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-3514993250\" class=\"text\">\n\t\t\n<p>Financial Statement Yearly 2025 (Audited)<\/p>\n\t\t\n<style>\n#text-3514993250 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3514993250 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1193235160\" 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-1193235160 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1193235160 > * {\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-707457458\" 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-2818524338\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 3\/2025 (Reviewed)<\/p>\n\t\t\n<style>\n#text-2818524338 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2818524338 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-582199673\" 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-582199673 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-582199673 > * {\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-1654935410\" 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-2958303949\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 2\/2025 (Reviewed)<\/p>\n\t\t\n<style>\n#text-2958303949 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2958303949 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-329535182\" 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-329535182 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-329535182 > * {\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-1151096216\" 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-17306736\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 1\/2025 (Reviewed)<\/p>\n\t\t\n<style>\n#text-17306736 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-17306736 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1895353402\" 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-1895353402 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1895353402 > * {\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-459401742\">\n\n\t<div id=\"col-776860667\" 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-3224714564\" class=\"text\">\n\t\t\n<p>Financial Statement Yearly 2024 (Audited)<\/p>\n\t\t\n<style>\n#text-3224714564 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3224714564 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2751019068\" 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-2751019068 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2751019068 > * {\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-595923698\">\n\n\t<div id=\"col-1183848756\" 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-4283474309\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 3\/2024 (Reviewed)<\/p>\n\t\t\n<style>\n#text-4283474309 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4283474309 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-842575365\" 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-842575365 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-842575365 > * {\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-283440122\">\n\n\t<div id=\"col-2117877291\" 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-4243676907\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 2\/2024 (Reviewed)<\/p>\n\t\t\n<style>\n#text-4243676907 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4243676907 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-322922526\" 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-322922526 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-322922526 > * {\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-443337854\">\n\n\t<div id=\"col-2084938840\" 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-3340748986\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 1\/2024 (Reviewed)<\/p>\n\t\t\n<style>\n#text-3340748986 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3340748986 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1000036745\" 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-1000036745 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1000036745 > * {\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-1530227908\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1530227908 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row\"  id=\"row-231851131\">\n\n\t<div id=\"col-449782129\" 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-221764604\" class=\"text\">\n\t\t\n<h2>Management Discussion and Analysis<\/h2>\n\t\t\n<style>\n#text-221764604 {\n  color: rgb(255,255,255);\n}\n#text-221764604 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row downloadmoney\"  id=\"row-1515401970\">\n\n\t<div id=\"col-625848621\" 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-1074624363\" 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-1074624363 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1074624363 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3242769946\" 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-3242769946 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3242769946 > * {\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-71732124\" 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-1715985493\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Yearly Ended 31 Dec 2025<\/p>\n\t\t\n<style>\n#text-1715985493 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1715985493 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1195245598\" 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-1195245598 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1195245598 > * {\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-441996497\" 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-1032182946\" 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-1032182946 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1032182946 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3731611946\" 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-3731611946 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3731611946 > * {\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-74579008\" 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-3939566378\" 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-3939566378 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3939566378 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1648619517\" 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-1648619517 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1648619517 > * {\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-817098772\" 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-4041440018\" 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-4041440018 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4041440018 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3278564901\" 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-3278564901 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3278564901 > * {\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-807987804\">\n\n\t<div id=\"col-1413045852\" 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-1388405329\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Yearly Ended 31 Dec 2024<\/p>\n\t\t\n<style>\n#text-1388405329 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1388405329 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3534214218\" 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-3534214218 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3534214218 > * {\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-337902226\">\n\n\t<div id=\"col-463199231\" 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-867088810\" 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-867088810 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-867088810 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1725968526\" 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-1725968526 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1725968526 > * {\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-2027327789\">\n\n\t<div id=\"col-107265645\" 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-3410462462\" 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-3410462462 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3410462462 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-4079039351\" 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-4079039351 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4079039351 > * {\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-569034472\">\n\n\t<div id=\"col-992956458\" 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-448752687\" 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-448752687 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-448752687 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2035801180\" 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-2035801180 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2035801180 > * {\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_1025116214 {\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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