{"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_1665138584\">\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-3960554828\" class=\"text invastorheade2\">\n\t\t\n<h1>Financial Statements<\/h1>\n\t\t\n<style>\n#text-3960554828 {\n  text-align: center;\n  color: rgb(255,255,255);\n}\n#text-3960554828 > * {\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_1665138584 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n  min-height: 60px;\n}\n@media (min-width:550px) {\n  #section_1665138584 {\n    min-height: 650px;\n  }\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_1368716069\">\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-1424740173\">\n\n\t<div id=\"col-1487209795\" 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-1678772713\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1678772713 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row\"  id=\"row-1237258756\">\n\n\t<div id=\"col-537942917\" 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-1696401440\" class=\"text\">\n\t\t\n<h2>Financial Statements<\/h2>\n\t\t\n<style>\n#text-1696401440 {\n  color: rgb(255,255,255);\n}\n#text-1696401440 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row downloadmoney\"  id=\"row-2050629860\">\n\n\t<div id=\"col-1782357157\" 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-2313086814\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 1\/2026 (Reviewed)<\/p>\n\t\t\n<style>\n#text-2313086814 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2313086814 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-4031503914\" 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-4031503914 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4031503914 > * {\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-250490105\" 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-1060771614\" class=\"text\">\n\t\t\n<p>Financial Statement Yearly 2025 (Audited)<\/p>\n\t\t\n<style>\n#text-1060771614 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1060771614 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2427981537\" 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-2427981537 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2427981537 > * {\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-282208747\" 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-4259635581\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 3\/2025 (Reviewed)<\/p>\n\t\t\n<style>\n#text-4259635581 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4259635581 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-513624444\" 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-513624444 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-513624444 > * {\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-1949291617\" 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-2109360712\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 2\/2025 (Reviewed)<\/p>\n\t\t\n<style>\n#text-2109360712 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2109360712 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-815977820\" 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-815977820 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-815977820 > * {\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-1100327621\" 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-3836542041\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 1\/2025 (Reviewed)<\/p>\n\t\t\n<style>\n#text-3836542041 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3836542041 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2108044214\" 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-2108044214 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2108044214 > * {\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-412135369\">\n\n\t<div id=\"col-216261837\" 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-196573297\" class=\"text\">\n\t\t\n<p>Financial Statement Yearly 2024 (Audited)<\/p>\n\t\t\n<style>\n#text-196573297 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-196573297 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2933713802\" 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-2933713802 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2933713802 > * {\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-269132976\">\n\n\t<div id=\"col-1258043602\" 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-1436195649\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 3\/2024 (Reviewed)<\/p>\n\t\t\n<style>\n#text-1436195649 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1436195649 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1934153225\" 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-1934153225 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1934153225 > * {\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-1398277927\">\n\n\t<div id=\"col-101458904\" 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-852595082\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 2\/2024 (Reviewed)<\/p>\n\t\t\n<style>\n#text-852595082 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-852595082 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1584123612\" 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-1584123612 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1584123612 > * {\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-1009428916\">\n\n\t<div id=\"col-293633258\" 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-478968780\" class=\"text\">\n\t\t\n<p>Financial Statement Quarter 1\/2024 (Reviewed)<\/p>\n\t\t\n<style>\n#text-478968780 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-478968780 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1589798970\" 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-1589798970 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1589798970 > * {\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-120071010\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-120071010 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row\"  id=\"row-1752811958\">\n\n\t<div id=\"col-471567322\" 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-1064389486\" class=\"text\">\n\t\t\n<h2>Management Discussion and Analysis<\/h2>\n\t\t\n<style>\n#text-1064389486 {\n  color: rgb(255,255,255);\n}\n#text-1064389486 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row downloadmoney\"  id=\"row-774711257\">\n\n\t<div id=\"col-1773054411\" 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-1704637694\" 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-1704637694 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1704637694 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1943277406\" 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-1943277406 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1943277406 > * {\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-1796859745\" 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-2257242861\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Yearly Ended 31 Dec 2025<\/p>\n\t\t\n<style>\n#text-2257242861 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2257242861 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-434825486\" 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-434825486 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-434825486 > * {\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-333284631\" 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-2231596920\" 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-2231596920 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2231596920 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2293125253\" 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-2293125253 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2293125253 > * {\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-80404375\" 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-1522201332\" 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-1522201332 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1522201332 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3619153793\" 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-3619153793 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3619153793 > * {\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-1592377676\" 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-2660628627\" 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-2660628627 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2660628627 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-119375389\" 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-119375389 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-119375389 > * {\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-849556476\">\n\n\t<div id=\"col-1536590713\" 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-1973046448\" class=\"text\">\n\t\t\n<p>Management Discussion and Analysis Yearly Ended 31 Dec 2024<\/p>\n\t\t\n<style>\n#text-1973046448 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-1973046448 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-4057171895\" 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-4057171895 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4057171895 > * {\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-1897069474\">\n\n\t<div id=\"col-184275215\" 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-296397608\" 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-296397608 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-296397608 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-4088272310\" 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-4088272310 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-4088272310 > * {\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-1836198333\">\n\n\t<div id=\"col-274560593\" 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-3748656788\" 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-3748656788 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-3748656788 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-290403210\" 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-290403210 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-290403210 > * {\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-1070433936\">\n\n\t<div id=\"col-1933390724\" 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-2010668879\" 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-2010668879 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-2010668879 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-478897306\" 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-478897306 {\n  font-size: 1.5rem;\n  color: rgb(255,255,255);\n}\n#text-478897306 > * {\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_1368716069 {\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 property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Statements, Management Discussion and Analysis - NSL\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/\" \/>\n<meta property=\"og:site_name\" content=\"NSL\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-18T03:08:24+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/\",\"url\":\"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/\",\"name\":\"Financial Statements, Management Discussion and Analysis - NSL\",\"isPartOf\":{\"@id\":\"https:\/\/nslfoods.com\/en\/#website\"},\"datePublished\":\"2024-09-27T06:28:53+00:00\",\"dateModified\":\"2026-05-18T03:08:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nslfoods.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial Statements, Management Discussion and Analysis\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nslfoods.com\/en\/#website\",\"url\":\"https:\/\/nslfoods.com\/en\/\",\"name\":\"NSL\",\"description\":\"NSL\",\"publisher\":{\"@id\":\"https:\/\/nslfoods.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nslfoods.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/nslfoods.com\/en\/#organization\",\"name\":\"NSL\",\"url\":\"https:\/\/nslfoods.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nslfoods.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/nslfoods.com\/wp-content\/uploads\/2024\/07\/logo.svg\",\"contentUrl\":\"https:\/\/nslfoods.com\/wp-content\/uploads\/2024\/07\/logo.svg\",\"width\":500,\"height\":120,\"caption\":\"NSL\"},\"image\":{\"@id\":\"https:\/\/nslfoods.com\/en\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial Statements, Management Discussion and Analysis - NSL","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/","og_locale":"en_US","og_type":"article","og_title":"Financial Statements, Management Discussion and Analysis - NSL","og_url":"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/","og_site_name":"NSL","article_modified_time":"2026-05-18T03:08:24+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/","url":"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/","name":"Financial Statements, Management Discussion and Analysis - NSL","isPartOf":{"@id":"https:\/\/nslfoods.com\/en\/#website"},"datePublished":"2024-09-27T06:28:53+00:00","dateModified":"2026-05-18T03:08:24+00:00","breadcrumb":{"@id":"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nslfoods.com\/en\/financial-statements-management-discussion-and-analysis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nslfoods.com\/en\/"},{"@type":"ListItem","position":2,"name":"Financial Statements, Management Discussion and Analysis"}]},{"@type":"WebSite","@id":"https:\/\/nslfoods.com\/en\/#website","url":"https:\/\/nslfoods.com\/en\/","name":"NSL","description":"NSL","publisher":{"@id":"https:\/\/nslfoods.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nslfoods.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/nslfoods.com\/en\/#organization","name":"NSL","url":"https:\/\/nslfoods.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nslfoods.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/nslfoods.com\/wp-content\/uploads\/2024\/07\/logo.svg","contentUrl":"https:\/\/nslfoods.com\/wp-content\/uploads\/2024\/07\/logo.svg","width":500,"height":120,"caption":"NSL"},"image":{"@id":"https:\/\/nslfoods.com\/en\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/nslfoods.com\/en\/wp-json\/wp\/v2\/pages\/3796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nslfoods.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nslfoods.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nslfoods.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nslfoods.com\/en\/wp-json\/wp\/v2\/comments?post=3796"}],"version-history":[{"count":28,"href":"https:\/\/nslfoods.com\/en\/wp-json\/wp\/v2\/pages\/3796\/revisions"}],"predecessor-version":[{"id":8409,"href":"https:\/\/nslfoods.com\/en\/wp-json\/wp\/v2\/pages\/3796\/revisions\/8409"}],"wp:attachment":[{"href":"https:\/\/nslfoods.com\/en\/wp-json\/wp\/v2\/media?parent=3796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}