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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

"TDB Securities UTsK" LLC

Timetable: Даваа-Баасан 09:00-17:00
http://www.tdbsecurities.mn/
Address: Head office of Trade & Development Bank, 14210 Peace avenue 19, Sukhbaatar district, 1st khoroo, Ulaanbaatar, Mongolia
Email: info@tdbsecurities.mn
Phone: 70100261, 70100263, 311914, 311944
Fax: 70100261

Year Half year

Balance sheet

Current assets 285
Noncurrent assets 755
Total assets 286
Total liabilities 249
Total owner`s equity 37

Income statement

Sales revenue 14
Cost of sales 1
Gross profit 13
Total expenses 9
Profit (or loss) for the year 4

Ratios

Return on Assets /ROA/ 0.01
Return on Equity /ROE/ 0.11
Return on Total Assets /ROTA/ 0.05

Audits

Audited Релаэнссекюритиз Аудит ХХК

Balance sheet

Current assets 183767511757.17
Noncurrent assets 533879186.31
Total assets 184301390943.48
Total liabilities 147952888178.72
Total owner`s equity 36348502764.76

Income statement

Sales revenue 9859001305.03
Cost of sales 0
Gross profit 9859001305.03
Total expenses 3832892894.6
Profit (or loss) for the year 6026108410.43

Ratios

Return on Assets /ROA/ 0.03
Return on Equity /ROE/ 0.17
Return on Total Assets /ROTA/ 0.05

Audits

Audited Кэй Пи Эм Жи Аудит ХХК

Balance sheet

Current assets 184016202500.09
Noncurrent assets 547641437.27
Total assets 184563843937.36
Total liabilities 153685605507.43
Total owner`s equity 30878238429.93

Income statement

Sales revenue 2106147407.47
Cost of sales 0
Gross profit 2106147407.47
Total expenses 2233166355.68
Profit (or loss) for the year -127018948.21

Ratios

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

Audits

Audited

Balance sheet

Current assets 33
Noncurrent assets 494
Total assets 34
Total liabilities 4
Total owner`s equity 29

Income statement

Sales revenue 20
Cost of sales 0
Gross profit 20
Total expenses 11
Profit (or loss) for the year 9

Ratios

Return on Assets /ROA/ 0.26
Return on Equity /ROE/ 0.31
Return on Total Assets /ROTA/ 0.59

Audits

Audited Кэй Пи Эм Жи Аудит ХХК

Balance sheet

Current assets 22760815330
Noncurrent assets 482582144.8
Total assets 23243397474.85
Total liabilities 3672752770
Total owner`s equity 19570644704

Income statement

Sales revenue 3273504929
Cost of sales 0
Gross profit 3273504929
Total expenses 3466086460
Profit (or loss) for the year -192581531.2

Ratios

Return on Assets /ROA/ -0.01
Return on Equity /ROE/ -0.01
Return on Total Assets /ROTA/ 0.14

Audits

Audited

Balance sheet

Current assets 27
Noncurrent assets 175
Total assets 27
Total liabilities 5
Total owner`s equity 22

Income statement

Sales revenue 2
Cost of sales 5
Gross profit 0
Total expenses 0
Profit (or loss) for the year 0

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0
Return on Total Assets /ROTA/ 0.07

Audits

Audited KPMG

Balance sheet

Current assets 28213866810.77
Noncurrent assets 1536128293.22
Total assets 29749995103.99
Total liabilities 10288398326.71
Total owner`s equity 19461596777.28

Income statement

Sales revenue -3073869333.34
Cost of sales 0
Gross profit -3073869333.34
Total expenses 427262902.22
Profit (or loss) for the year -3501132235.56

Ratios

Return on Assets /ROA/ -0.12
Return on Equity /ROE/ -0.18
Return on Total Assets /ROTA/ -0.1

Audits

Audited

Balance sheet

Current assets 31694937309.91
Noncurrent assets 1518432946.83
Total assets 33213370256.74
Total liabilities 13594741243.9
Total owner`s equity 19618629012.84

Income statement

Sales revenue 2989314310.6
Cost of sales 0
Gross profit 2989314310.6
Total expenses 1309486443.9
Profit (or loss) for the year 1679827866.7

Ratios

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

Audits

Audited KPMG audit

Balance sheet

Current assets 26513778259.51
Noncurrent assets 1513106577.28
Total assets 28026884836.79
Total liabilities 9649629185.15
Total owner`s equity 18377255651.64

Income statement

Sales revenue 731952990.07
Cost of sales 329213466.03
Gross profit 402739524.04
Total expenses 40825398.9
Profit (or loss) for the year 361914125.14

Ratios

Return on Assets /ROA/ 0.01
Return on Equity /ROE/ 0.02
Return on Total Assets /ROTA/ 0.03

Audits

Audited KPMG

Balance sheet

Current assets 26536487786
Noncurrent assets 1491846864
Total assets 28028334650
Total liabilities 9662622936
Total owner`s equity 18365711714

Income statement

Sales revenue 1711603049
Cost of sales 0
Gross profit 1711603049
Total expenses 1029957566
Profit (or loss) for the year 681645483

Ratios

Return on Assets /ROA/ 0.02
Return on Equity /ROE/ 0.04
Return on Total Assets /ROTA/ 0.06

Audits

Audited KPMG

Balance sheet

Current assets 27627432216
Noncurrent assets 11647395287
Total assets 39274827503
Total liabilities 7658573261
Total owner`s equity 31616254242

Income statement

Sales revenue 2028245734
Cost of sales 0
Gross profit 2028245734
Total expenses 787716182
Profit (or loss) for the year 1240529552

Ratios

Return on Assets /ROA/ 0.03
Return on Equity /ROE/ 0.04
Return on Total Assets /ROTA/ 0.05

Audits

Audited KPMG

Balance sheet

Current assets 28060297685
Noncurrent assets 11653375660
Total assets 39713673345
Total liabilities 5709598412
Total owner`s equity 34004074933

Income statement

Sales revenue 1121263549
Cost of sales 0
Gross profit 1121263549
Total expenses 195131170
Profit (or loss) for the year 926132379

Ratios

Return on Assets /ROA/ 0.02
Return on Equity /ROE/ 0.03
Return on Total Assets /ROTA/ 0.03

Audits

Audited

Balance sheet

Current assets 28745937366
Noncurrent assets 11670256146
Total assets 40416193512
Total liabilities 7638931041
Total owner`s equity 32777262471

Income statement

Sales revenue 569876381
Cost of sales 0
Gross profit 569876381
Total expenses 221059791
Profit (or loss) for the year 348816590

Ratios

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

Audits

Audited

Balance sheet

Current assets 28745937366
Noncurrent assets 11670256146
Total assets 40416193512
Total liabilities 7638931041
Total owner`s equity 32777262471

Income statement

Sales revenue 569876381
Cost of sales 0
Gross profit 569876381
Total expenses 221059791
Profit (or loss) for the year 348816590

Ratios

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

Audits

Audited

Balance sheet

Current assets 27541843338
Noncurrent assets 11646683466
Total assets 39188526804
Total liabilities 6095056990
Total owner`s equity 33093469814

Income statement

Sales revenue 1396590803
Cost of sales 0
Gross profit 1396590803
Total expenses 778001151
Profit (or loss) for the year 618589652

Ratios

Return on Assets /ROA/ 0.02
Return on Equity /ROE/ 0.02
Return on Total Assets /ROTA/ 0.04

Audits

Audited KPMG

Balance sheet

Current assets 22153788659
Noncurrent assets 11645788161
Total assets 33799576820
Total liabilities 7401438
Total owner`s equity 33792175382

Income statement

Sales revenue 781370421
Cost of sales 0
Gross profit 781370421
Total expenses 266303554
Profit (or loss) for the year 515066867

Ratios

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

Audits

Audited KPMG

Balance sheet

Current assets 12347011573
Noncurrent assets 13591797126
Total assets 25938808699
Total liabilities 48939894
Total owner`s equity 25889868805

Income statement

Sales revenue 864890911
Cost of sales 0
Gross profit 864890911
Total expenses 344526252
Profit (or loss) for the year 520364659

Ratios

Return on Assets /ROA/ 0.02
Return on Equity /ROE/ 0.02
Return on Total Assets /ROTA/ 0.03

Audits

Audited 0

Balance sheet

Current assets 11843770791.85
Noncurrent assets 13590985742.38
Total assets 25434756534.23
Total liabilities 65252387.96
Total owner`s equity 25369504146.27

Income statement

Sales revenue 1461957315.1
Cost of sales 0
Gross profit 1461957315.1
Total expenses 271860066.89
Profit (or loss) for the year 1190097248.21

Ratios

Return on Assets /ROA/ 0.05
Return on Equity /ROE/ 0.05
Return on Total Assets /ROTA/ 0.06

Audits

Audited KPMG

Balance sheet

Current assets 11243423354.7
Noncurrent assets 13599379353.28
Total assets 24842802707.98
Total liabilities 36969297.22
Total owner`s equity 24805833410.76

Income statement

Sales revenue 731170271.41
Cost of sales 0
Gross profit 731170271.41
Total expenses 104743758.71
Profit (or loss) for the year 626426512.7

Ratios

Return on Assets /ROA/ 0.03
Return on Equity /ROE/ 0.03
Return on Total Assets /ROTA/ 0.03

Audits

Audited 0

Balance sheet

Current assets 10697997620.84
Noncurrent assets 13608806812.63
Total assets 24306804433.47
Total liabilities 127397535.41
Total owner`s equity 24179406898.06

Income statement

Sales revenue 1474248794.66
Cost of sales 0
Gross profit 1474248794.66
Total expenses 558988898.04
Profit (or loss) for the year 915259896.62

Ratios

Return on Assets /ROA/ 0.04
Return on Equity /ROE/ 0.04
Return on Total Assets /ROTA/ 0.06

Audits

Audited KPMG

Balance sheet

Current assets 9346360386.82
Noncurrent assets 3444618608.8
Total assets 12790978995.62
Total liabilities 26909617.62
Total owner`s equity 12764069378

Income statement

Sales revenue 204011399.13
Cost of sales 0
Gross profit 204011399.13
Total expenses 130605810.07
Profit (or loss) for the year 73405589.06

Ratios

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

Audits

Audited 0

Balance sheet

Current assets 7023014340.63
Noncurrent assets 1999586207.23
Total assets 9022600547.86
Total liabilities 64936758.92
Total owner`s equity 8957663788.94

Income statement

Sales revenue 690980136.83
Cost of sales 0
Gross profit 690980136.83
Total expenses 340670731.96
Profit (or loss) for the year 350309404.87

Ratios

Return on Assets /ROA/ 0.04
Return on Equity /ROE/ 0.04
Return on Total Assets /ROTA/ 0.08

Audits

Audited 0

Balance sheet

Current assets 4460789300
Noncurrent assets 4190372763
Total assets 8651162062
Total liabilities 14579656
Total owner`s equity 8636582407

Income statement

Sales revenue 154338592
Cost of sales 0
Gross profit 154338592
Total expenses 148478842
Profit (or loss) for the year 5859750

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0
Return on Total Assets /ROTA/ 0.02

Audits

Audited 0

Balance sheet

Current assets 4473578810
Noncurrent assets 2490731548.61
Total assets 6964310358.61
Total liabilities 57799562.04
Total owner`s equity 6906510796.58

Income statement

Sales revenue 1070509033.36
Cost of sales 0
Gross profit 1070509033.36
Total expenses 562722385.59
Profit (or loss) for the year 507786647.77

Ratios

Return on Assets /ROA/ 0.07
Return on Equity /ROE/ 0.07
Return on Total Assets /ROTA/ 0.15

Audits

Audited 0

Balance sheet

Current assets 26412664271.96
Noncurrent assets 0
Total assets 26412664271.96
Total liabilities 67806695.6
Total owner`s equity 26344857576.36

Income statement

Sales revenue 696484856.36
Cost of sales 0
Gross profit 696484856.36
Total expenses 300658124.41
Profit (or loss) for the year 395826731.96

Ratios

Return on Assets /ROA/ 0.01
Return on Equity /ROE/ 0.02
Return on Total Assets /ROTA/ 0.03

Audits

Audited 0

Balance sheet

Current assets 13363860165.33
Noncurrent assets 0
Total assets 13363860165.33
Total liabilities 14636016.53
Total owner`s equity 13349224148.8

Income statement

Sales revenue 0
Cost of sales 0
Gross profit 0
Total expenses 29000
Profit (or loss) for the year 131724148.8

Ratios

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

Audits

Audited 0

Individual shareholders

№	Lastname Firstname	Position	Share

Corporate shareholders

№	Company name	Share
1	Си Эн Би Консалтинг ХХК	31.68%
2	"Ти Ди Би Капитал" ХХК	68.32%

Board members

№	Lastname Firstname	Position
1	Г Сансар	ТУЗ-н гишүүн
2	Ц Пүрэвтүвшин	ТУЗ-н гишүүн
3	Э Тулга	ТУЗ-ийн дарга
4	Т Даваажав	ТУЗ-ийн гишүүн

№	Lastname Firstname	Position
1	Цоож Амгаланзаяа	Хөрөнгө оруулалтын банк хариуцсан Дэд захирал
2	Ганхуяг Сайнбилэг	Зах зээлийн шинжээч
3	Энэбиш Золжаргал	Хүний нөөцийн мэргэжилтэн
4	Алтайхүү Тэмүүлэн	Шинжээч
5	Түвшинжаргал Тэргэл	Шинжээч
6	Сарангэрэл Зоригт	Дилер
7	Баасанхүү Золбоо	Хэлтсийн захирал
8	Дашравдан Хулан	Ахлах хуульч
9	Гантулга Саруул-Уянга	Дотоод хяналтын ажилтан
10	Хурцбэлэгт Мөнхжаргал	Дотоод арилжааны брокер
11	Арсланбаатар Батзаяа	Номинал данс хариуцсан менежер
12	Батмөнх Оюу-Эрдэнэ	График Дизайнер
13	Балсанжав Ундармаа	Дотоод хяналтын ажилтан
14	Ганбаатар Ариунжаргал	Программ хєгжvvлэгч
15	Баатархүү Нарантуяа	Шинжээч
16	Дорждавга Билгүүн	Брокер
17	Батзориг Солонго	Брокер
18	Суръяа Сувдмаа	Дотоод хяналтын ажилтан
19	Ургамалнаран Сэлэнгэ	Ерөнхий нягтлан бодогч
20	Ганзориг Алтангэрэл	Ахлах брокер
21	Сандаг-Очир Уранчимэг	Санхүү хариуцсан орлогч захирал
22	Төмөрбаатар Халиун	Хөрөнгө оруулалтын шинжээч
23	Бат-Эрдэнэ Цэвэлмаа	Нягтлан бодогч
24	Уранчимэг Болормаа	Дотоод хяналтын ажилтан
25	Хатанбаатар Баасандэмбэрэл	Программ хөгжүүлэгч
26	Бадралт Билэгжаргал	харилцааны менежер
27	Батбаяр Батхишиг	Санхүү, төлбөр тооцоо, бүртгэл хариуцсан ажилтан
28	Халдраш Гүлнур	Брокер
29	Энхбаяр Анхцэцэг	Санхүүгийн шинжээч
30	Бат-Эрдэнэ Мөнхтүвшин	Маркетингийн менежер
31	Магсаржав Номин-Эрдэнэ	Брокер
32	Ганболд Энхбат	Дэд захирал
33	Сайнбаяр Батчимэг	Гүйцэтгэх захирал

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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

"TDB Securities UTsK" LLC

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