Trade Reports

Quarterly
- 2021
  - 2
- 2022
  - I quarter
  - III quarter
  - 2
- 2023
  - I quarter
  - 2
- 2024
  - 3
  - 2
  - 1
- 2025
  - 3
  - 2
  - 1
Annual
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
- 2023
- 2024
- 2025

Index

51979.47

( 179.27 0.35% )

Index	Unit	Change
Top 20 Index	51979.47	179.27
MSE A Index	20163.33	114.09
MSE B Index	14660.88	16.11

News

MARCH 24, 2026 TRADING REPORT

2026-03-24 15:58:55

Total trade: MNT 51,089,595,545 (USD 14326783.23)

"KHUVSGUL" JSC RENAMED AS “ARD INVESTMENT GROUP” JSC

2026-03-24 14:51:44

This decision is based on Resolution No. 25/05 of the Extraordinary General Meeting of Shareholders held on September 22, 2025, and Official Request No. 25/47 dated November 12, 2025.

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS OF MONGOLIAN STOCK EXCHANGE

2026-03-23 17:37:46

Shareholders may review the materials starting from March 27, 2026, on working days between 09:00 – 17:00, at:

Member companies

"Ard Securities UTsK" LLC

Timetable: Даваа-Баасан 09:00-18:00
www.ardsecurities.com
Address: No.1303, 13th floor, Central tower, Sukhbaatar square-2, khoroo 8, Sikhbaatar district, 14200, Ulaanbaatar
Email: info@ardsecurities.com
Phone: +976 77078282 /3/
Fax: 976

Year Half year

Balance sheet

Current assets 8.1
Noncurrent assets 0.78
Total assets 8.89
Total liabilities 2.4
Total owner`s equity 6.5

Income statement

Sales revenue 3.16
Cost of sales 0
Gross profit 0
Total expenses 2.9
Profit (or loss) for the year 0

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0
Return on Total Assets /ROTA/ 0.36

Audits

Audited Нексиа Глобал Монголиа Аудит ХХК

Balance sheet

Current assets 7.4
Noncurrent assets 0.73
Total assets 8.2
Total liabilities 2.7
Total owner`s equity 5.4

Income statement

Sales revenue 1.3
Cost of sales 0
Gross profit 0
Total expenses 1.3
Profit (or loss) for the year 0

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0
Return on Total Assets /ROTA/ 0.16

Audits

Audited Нексиа Глобал Монголиа Аудит ХХК

Balance sheet

Current assets 8
Noncurrent assets 1
Total assets 9
Total liabilities 3
Total owner`s equity 6

Income statement

Sales revenue 3
Cost of sales 0
Gross profit 3
Total expenses 3
Profit (or loss) for the year 0

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0
Return on Total Assets /ROTA/ 0.33

Audits

Audited Грант Торнтон Аудит ХХК

Balance sheet

Current assets 7
Noncurrent assets 1
Total assets 8
Total liabilities 2
Total owner`s equity 6

Income statement

Sales revenue 2
Cost of sales 0
Gross profit 2
Total expenses 3
Profit (or loss) for the year 0

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0
Return on Total Assets /ROTA/ 0.25

Audits

Audited Грант Торнтон Аудит ХХК

Balance sheet

Current assets 10
Noncurrent assets 3
Total assets 13
Total liabilities 3
Total owner`s equity 10

Income statement

Sales revenue 1
Cost of sales 0
Gross profit 0
Total expenses 1
Profit (or loss) for the year 0

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0
Return on Total Assets /ROTA/ 0.08

Audits

Audited

Balance sheet

Current assets 14
Noncurrent assets 4
Total assets 18
Total liabilities 2
Total owner`s equity 16

Income statement

Sales revenue 3
Cost of sales 0
Gross profit 3
Total expenses 2
Profit (or loss) for the year 1

Ratios

Return on Assets /ROA/ 0.06
Return on Equity /ROE/ 0.06
Return on Total Assets /ROTA/ 0.17

Audits

Audited

Balance sheet

Current assets 19
Noncurrent assets 2
Total assets 21
Total liabilities 5
Total owner`s equity 16

Income statement

Sales revenue 3
Cost of sales 0
Gross profit -1
Total expenses 2
Profit (or loss) for the year 2

Ratios

Return on Assets /ROA/ 0.1
Return on Equity /ROE/ 0.13
Return on Total Assets /ROTA/ 0.14

Audits

Audited

Balance sheet

Current assets 21
Noncurrent assets 1
Total assets 22
Total liabilities 3
Total owner`s equity 19

Income statement

Sales revenue 2
Cost of sales 0
Gross profit 0
Total expenses 1
Profit (or loss) for the year 1

Ratios

Return on Assets /ROA/ 0.05
Return on Equity /ROE/ 0.05
Return on Total Assets /ROTA/ 0.09

Audits

Audited

Balance sheet

Current assets 2
Noncurrent assets 1
Total assets 3
Total liabilities 1
Total owner`s equity 2

Income statement

Sales revenue 877
Cost of sales 0
Gross profit 0
Total expenses 1
Profit (or loss) for the year -139

Ratios

Return on Assets /ROA/ -46.33
Return on Equity /ROE/ -69.5
Return on Total Assets /ROTA/ 292.33

Audits

Audited Грант торнтон аудит ХХК

Balance sheet

Current assets 2810783537
Noncurrent assets 308402282.7
Total assets 3119185820
Total liabilities 685575508.4
Total owner`s equity 2433610312

Income statement

Sales revenue 711010869.8
Cost of sales 0
Gross profit 0
Total expenses 902249486.2
Profit (or loss) for the year -42369984.56

Ratios

Return on Assets /ROA/ -0.01
Return on Equity /ROE/ -0.02
Return on Total Assets /ROTA/ 0.23

Audits

Audited "Далай Ван " Аудит ХХК

Balance sheet

Current assets 2
Noncurrent assets 94
Total assets 3
Total liabilities 555
Total owner`s equity 2

Income statement

Sales revenue 955
Cost of sales 0
Gross profit 0
Total expenses 0
Profit (or loss) for the year 334

Ratios

Return on Assets /ROA/ 111.33
Return on Equity /ROE/ 167
Return on Total Assets /ROTA/ 318.33

Audits

Audited "Далай Ван " Аудит ХХК

Balance sheet

Current assets 2
Noncurrent assets 197
Total assets 2
Total liabilities 635
Total owner`s equity 2

Income statement

Sales revenue 227
Cost of sales 0
Gross profit 227
Total expenses 259
Profit (or loss) for the year 31

Ratios

Return on Assets /ROA/ 15.5
Return on Equity /ROE/ 15.5
Return on Total Assets /ROTA/ 113.5

Audits

Audited "Далай Ван " Аудит ХХК

Balance sheet

Current assets 3
Noncurrent assets 188
Total assets 3
Total liabilities 1
Total owner`s equity 2

Income statement

Sales revenue 587
Cost of sales 0
Gross profit 458
Total expenses 591
Profit (or loss) for the year 7

Ratios

Return on Assets /ROA/ 2.33
Return on Equity /ROE/ 3.5
Return on Total Assets /ROTA/ 195.67

Audits

Audited Далай Ван Аудит ХХК

Balance sheet

Current assets 413411587
Noncurrent assets 80271090
Total assets 493682677
Total liabilities 247304034
Total owner`s equity 246378643

Income statement

Sales revenue 103748389
Cost of sales 0
Gross profit 20819666
Total expenses 125054878
Profit (or loss) for the year -20962040

Ratios

Return on Assets /ROA/ -0.04
Return on Equity /ROE/ -0.09
Return on Total Assets /ROTA/ 0.21

Audits

Audited БДО Аудит

Balance sheet

Current assets 429900519.34
Noncurrent assets 80271089.99
Total assets 510171609.33
Total liabilities 241035532.62
Total owner`s equity 269136076.71

Income statement

Sales revenue 102940607.75
Cost of sales 0
Gross profit 1948302.24
Total expenses 101411522.72
Profit (or loss) for the year 1795393.74

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0.01
Return on Total Assets /ROTA/ 0.2

Audits

Audited БДО Аудит

Balance sheet

Current assets 447226356
Noncurrent assets 74271089
Total assets 521497446
Total liabilities 254156763
Total owner`s equity 267340682

Income statement

Sales revenue 307985436
Cost of sales 0
Gross profit 26563593
Total expenses 282565719
Profit (or loss) for the year 23072705

Ratios

Return on Assets /ROA/ 0.04
Return on Equity /ROE/ 0.09
Return on Total Assets /ROTA/ 0.59

Audits

Audited БДО Аудит

Balance sheet

Current assets 473550154
Noncurrent assets 75759828.43
Total assets 549309982.43
Total liabilities 271645909.34
Total owner`s equity 277664073.08

Income statement

Sales revenue 143199310.95
Cost of sales 106085119.69
Gross profit 37114191.26
Total expenses 106085119.69
Profit (or loss) for the year 33396096.04

Ratios

Return on Assets /ROA/ 0.06
Return on Equity /ROE/ 0.12
Return on Total Assets /ROTA/ 0.26

Audits

Audited Аудит хийгээгүй

Balance sheet

Current assets 468903872.24
Noncurrent assets 75759828.43
Total assets 544663700.67
Total liabilities 294365887.67
Total owner`s equity 250297813

Income statement

Sales revenue 81608302.05
Cost of sales 0
Gross profit 81608302.05
Total expenses 75578466.1
Profit (or loss) for the year 6029835.95

Ratios

Return on Assets /ROA/ 0.01
Return on Equity /ROE/ 0.02
Return on Total Assets /ROTA/ 0.15

Audits

Audited Аудит хийгээгүй

Balance sheet

Current assets 458942502.69
Noncurrent assets 76711310.26
Total assets 535653812.95
Total liabilities 290551177.03
Total owner`s equity 245102635.92

Income statement

Sales revenue 46103752.16
Cost of sales 0
Gross profit 438978.39
Total expenses 45664773.77
Profit (or loss) for the year 834658.48

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0
Return on Total Assets /ROTA/ 0.09

Audits

Audited Балхан Аудит ХХК

Balance sheet

Current assets 466410527.26
Noncurrent assets 82618566.81
Total assets 549029094.07
Total liabilities 304761116.64
Total owner`s equity 244267977.45

Income statement

Sales revenue 561311796.73
Cost of sales 0
Gross profit 1947678.32
Total expenses 575693875.76
Profit (or loss) for the year -14576846.86

Ratios

Return on Assets /ROA/ -0.03
Return on Equity /ROE/ -0.06
Return on Total Assets /ROTA/ 1.02

Audits

Audited Балхан Аудит

Balance sheet

Current assets 520910164
Noncurrent assets 394007572
Total assets 914917736
Total liabilities 914917736
Total owner`s equity 268763344

Income statement

Sales revenue 111294824
Cost of sales 0
Gross profit 111294824
Total expenses 111236435
Profit (or loss) for the year 58389

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0
Return on Total Assets /ROTA/ 0.12

Audits

Audited 1

Balance sheet

Current assets 466568704
Noncurrent assets 407476302
Total assets 874045006
Total liabilities 640057118
Total owner`s equity 233987887

Income statement

Sales revenue 40186077
Cost of sales 0
Gross profit 40186077
Total expenses 70125882
Profit (or loss) for the year -29939805

Ratios

Return on Assets /ROA/ -0.03
Return on Equity /ROE/ -0.13
Return on Total Assets /ROTA/ 0.05

Audits

Audited 1

Balance sheet

Current assets 469956587.16
Noncurrent assets 410298785.34
Total assets 381036453.56
Total liabilities 637254201.84
Total owner`s equity 243001170.34

Income statement

Sales revenue 20678624
Cost of sales 0
Gross profit 20890334.14
Total expenses 41190652.27
Profit (or loss) for the year -20926522.7

Ratios

Return on Assets /ROA/ -0.05
Return on Equity /ROE/ -0.09
Return on Total Assets /ROTA/ 0.05

Audits

Audited 1

Balance sheet

Current assets 389505991
Noncurrent assets 414766010
Total assets 804272001
Total liabilities 540344308
Total owner`s equity 263927693

Income statement

Sales revenue 265903783
Cost of sales 0
Gross profit 265903783
Total expenses 453855748
Profit (or loss) for the year -187951965

Ratios

Return on Assets /ROA/ -0.23
Return on Equity /ROE/ -0.71
Return on Total Assets /ROTA/ 0.33

Audits

Audited 0

Balance sheet

Current assets 416242557
Noncurrent assets 63200836
Total assets 479443394
Total liabilities 174586467
Total owner`s equity 304856927

Income statement

Sales revenue 207314166
Cost of sales 10797478
Gross profit 196516688
Total expenses 343547648
Profit (or loss) for the year -147022732

Ratios

Return on Assets /ROA/ -0.31
Return on Equity /ROE/ -0.48
Return on Total Assets /ROTA/ 0.43

Audits

Audited 10

Balance sheet

Current assets 429670574
Noncurrent assets 66044645
Total assets 495715219
Total liabilities 124435096
Total owner`s equity 371280124

Income statement

Sales revenue 146304008
Cost of sales 10797478
Gross profit 135506530
Total expenses 227203556
Profit (or loss) for the year -80599537

Ratios

Return on Assets /ROA/ -0.16
Return on Equity /ROE/ -0.22
Return on Total Assets /ROTA/ 0.3

Audits

Audited 1

Balance sheet

Current assets 633503035
Noncurrent assets 63603289
Total assets 697106324
Total liabilities 41630332
Total owner`s equity 655475928

Income statement

Sales revenue 182389749
Cost of sales 0
Gross profit 182389749
Total expenses 154764801
Profit (or loss) for the year 7275034

Ratios

Return on Assets /ROA/ 0.01
Return on Equity /ROE/ 0.01
Return on Total Assets /ROTA/ 0.26

Audits

Audited 0

Balance sheet

Current assets 901403214
Noncurrent assets 79017869
Total assets 980421083
Total liabilities 332220189
Total owner`s equity 648200894

Income statement

Sales revenue 111162985
Cost of sales 4305174
Gross profit 106857810
Total expenses 202385854
Profit (or loss) for the year -112289242

Ratios

Return on Assets /ROA/ -0.11
Return on Equity /ROE/ -0.17
Return on Total Assets /ROTA/ 0.11

Audits

Audited 0

Individual shareholders

№	Lastname Firstname	Position	Share
1	Чулуун.Ганхуяг	Ард Санхүүгийн Нэгдэл ХК-ийн ТУЗ-ийн дарга	10%

Corporate shareholders

№	Company name	Share
1	Ард Санхүүгийн Нэгдэл ХК	100%
2	Ард Санхүүгийн Нэгдэл ХК	90%

Board members

№	Lastname Firstname	Position
1	Чулуун Ганхуяг	Ард Санхүүгийн Нэгдэл ХК-ийн ТУЗ-ийн дарга
2	Батбилэг Золбоо	Ард Санхүүгийн Нэгдэл ХК-ийн Гүйцэтгэх захирал
3	Хүрэлбаатар Билгүүн	Ард Секюритиз ҮЦК ХХК-ийн Гүйцэтгэх захирал
4	Батхүү Ариунболд	Интергрупп Интернэйшнл ХХК-ийн Санхүү эрхэлсэн захирал
5	Алтангэрэл Азбаяр	Экспоненшиал Партнерс ХХК-ийн Гүйцэтгэх захирал

№	Lastname Firstname	Position
1	Энх-Амгалан Лхагвасүрэн	Хөрөнгө оруулалтын зөвлөх
2	Хүрэлбаатар Билгүүн	Гүйцэтгэх захирал
3	Гүнрэг Долгорсүрэн	Дэд захирал
4	Баярсайхан Анужин	Систем хариуцсан менежер
5	Амартүвшин Эрхбилгүүн	Дижитал маркер
6	Ренчинсамбуу Энхсувд	Номинал данс хариуцсан нягтлан
7	Эрдэнэбат Бат-Очир	Эдийн засгийн шинжээч
8	Батбаяр Нямдаваа	Брокер
9	Баяраа Баяржавхлан	График дизайнер
10	Түмэнжаргал Пүрэвжаргал	Хөрөнгө оруулалтын зөвлөх
11	Төмөрбаатар Оюун-Эрдэнэ	Ерөнхий нягтлан бодогч
12	Гансүх Тамир	Бонд хариуцсан мэргэжилтэн
13	Хосбаяр Анударь	Санхүүгийн шинжээч
14	Чойжилсүрэн Даваацэрэн	Дилер
15	Батсуурь Эрдэнэбилэг	Комплаенс хариуцсан мэргэжилтэн
16	Өсөхжаргал Бямбагэрэл	Хуулийн зөвлөх
17	Наранмөнх Цогбадрах	Уул уурхайн биржийн бүтээгдэхүүн хариуцсан брокер
18	Баярдалай Пүрэвсанжаа	Тооцооны нягтлан бодогч
19	Наваантаяа Ичинхорлоо	Хөрөнгө оруулалтын хэлтсийн ахлах менежер

Announcements and notices

№	Headline	Date of release

Listed companies

Debt Instrument

Government Securities

Fund

Asset backed securities

Stockholder's meeting

Research

Company management

Members information

Trade

Rules and Regulations

Delisted members

Becoming a member

Report and Research

Login in

Product

Auction

Member

Assurance

Regulations

Monthly Data

Bank information

Auction platform

Mineral product seller

Trade Reports

Index

51979.47

( 179.27 0.35% )

20163.33

( 114.09 0.57% )

14660.88

( 16.11 0.11% )

News

MARCH 24, 2026 TRADING REPORT

"KHUVSGUL" JSC RENAMED AS “ARD INVESTMENT GROUP” JSC

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS OF MONGOLIAN STOCK EXCHANGE

Member companies

"Ard Securities UTsK" LLC

Balance sheet

Income statement

Ratios

Audits

Balance sheet

Income statement

Ratios

Audits

Balance sheet

Income statement

Ratios

Audits

Balance sheet

Income statement

Ratios

Audits

Balance sheet

Income statement

Ratios

Audits

Balance sheet

Income statement

Ratios

Audits

Balance sheet

Income statement

Ratios

Audits

Balance sheet

Income statement

Ratios

Audits

Balance sheet

Income statement

Ratios

Audits

Balance sheet

Income statement

Ratios

Audits

Balance sheet

Income statement