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

"Apex Capital" LLC

Timetable: даваа-баасан 09:00-18:00
www.apex.mn
Address: 901, 9th floor, New Horizons office, khoroo #1, Sukhbaatar district, Ulaanbaatar
Email: investment@apex.mn
Phone: 75107500
Fax: 75107500

Year Half year

Balance sheet

Current assets 22801951100.79
Noncurrent assets 760370909.92
Total assets 23562322010.71
Total liabilities 7795202399.46
Total owner`s equity 15767119611.25

Income statement

Sales revenue 8133924697.84
Cost of sales 0
Gross profit 8133924697.84
Total expenses 4075904638.67
Profit (or loss) for the year 3641317732.53

Ratios

Return on Assets /ROA/ 0.15
Return on Equity /ROE/ 0.23
Return on Total Assets /ROTA/ 0.35

Audits

Audited

Balance sheet

Current assets 20459453553.94
Noncurrent assets 577720810.72
Total assets 21037174364.66
Total liabilities 6861742663.62
Total owner`s equity 14175431701.04

Income statement

Sales revenue 4022558383.36
Cost of sales 0
Gross profit 4022558383.36
Total expenses 1972928561.04
Profit (or loss) for the year 2049629822.32

Ratios

Return on Assets /ROA/ 0.1
Return on Equity /ROE/ 0.14
Return on Total Assets /ROTA/ 0.19

Audits

Audited

Balance sheet

Current assets 21978194155.19
Noncurrent assets 482927392.81
Total assets 22461121548
Total liabilities 10335319669.28
Total owner`s equity 12125801878.71

Income statement

Sales revenue 5889372336.13
Cost of sales 0
Gross profit 5889372336.13
Total expenses 3375034843.45
Profit (or loss) for the year 2514337492.68

Ratios

Return on Assets /ROA/ 0.11
Return on Equity /ROE/ 0.21
Return on Total Assets /ROTA/ 0.26

Audits

Audited "Шонхор үнэлгээ аудит" ХХК

Balance sheet

Current assets 11109486677.06
Noncurrent assets 415653244.5
Total assets 11525139921.56
Total liabilities 2358640042.81
Total owner`s equity 9166499878.75

Income statement

Sales revenue 2456982887
Cost of sales 0
Gross profit 2456982887
Total expenses 1253740745.6
Profit (or loss) for the year 1203242141.4

Ratios

Return on Assets /ROA/ 0.1
Return on Equity /ROE/ 0.13
Return on Total Assets /ROTA/ 0.21

Audits

Audited

Balance sheet

Current assets 9330448356.4
Noncurrent assets 356220773.9
Total assets 9686669130.3
Total liabilities 1570775535.2
Total owner`s equity 8115893595

Income statement

Sales revenue 4587155139.4
Cost of sales 0
Gross profit 4587155139.4
Total expenses 2437733835.3
Profit (or loss) for the year 1941576691

Ratios

Return on Assets /ROA/ 0.2
Return on Equity /ROE/ 0.24
Return on Total Assets /ROTA/ 0.47

Audits

Audited "Шонхор үнэлгээ аудит" ХХК

Balance sheet

Current assets 7784870097.23
Noncurrent assets 330303571.07
Total assets 8115173668.3
Total liabilities 1522369911
Total owner`s equity 6592803757.3

Income statement

Sales revenue 1214936951.23
Cost of sales 0
Gross profit 1214936951.23
Total expenses 796379316.34
Profit (or loss) for the year 418557634.88

Ratios

Return on Assets /ROA/ 0.05
Return on Equity /ROE/ 0.06
Return on Total Assets /ROTA/ 0.15

Audits

Audited

Balance sheet

Current assets 8099058422.4
Noncurrent assets 341097523.4
Total assets 8440155945.9
Total liabilities 2265839042.1
Total owner`s equity 6174316903.8

Income statement

Sales revenue 3653896944.44
Cost of sales 0
Gross profit 3653896944.44
Total expenses 1829408844.2
Profit (or loss) for the year 1661332988.1

Ratios

Return on Assets /ROA/ 0.2
Return on Equity /ROE/ 0.27
Return on Total Assets /ROTA/ 0.43

Audits

Audited "Шонхор үнэлгээ аудит" ХХК

Balance sheet

Current assets 7807212650.4
Noncurrent assets 230372464.47
Total assets 8037585114.86
Total liabilities 2443812310.92
Total owner`s equity 5593772803.94

Income statement

Sales revenue 1883219373.15
Cost of sales 0
Gross profit 1883219373.15
Total expenses 852430484.92
Profit (or loss) for the year 1030788888.22

Ratios

Return on Assets /ROA/ 0.13
Return on Equity /ROE/ 0.18
Return on Total Assets /ROTA/ 0.23

Audits

Audited

Balance sheet

Current assets 8312426441.1
Noncurrent assets 212491326
Total assets 8524917767.2
Total liabilities 3961933851.4
Total owner`s equity 4562983915.7

Income statement

Sales revenue 3397879657.2
Cost of sales 0
Gross profit 3397879657.2
Total expenses 2164300359.7
Profit (or loss) for the year 1104746145.3

Ratios

Return on Assets /ROA/ 0.13
Return on Equity /ROE/ 0.24
Return on Total Assets /ROTA/ 0.4

Audits

Audited "Шонхор үнэлгээ аудит" ХХК

Balance sheet

Current assets 6069775227.04
Noncurrent assets 124495074.25
Total assets 6194270301.29
Total liabilities 2151568604.79
Total owner`s equity 4042701696.5

Income statement

Sales revenue 1076793960.04
Cost of sales 0
Gross profit 1076793960.04
Total expenses 492330033.99
Profit (or loss) for the year 584463926.05

Ratios

Return on Assets /ROA/ 0.09
Return on Equity /ROE/ 0.14
Return on Total Assets /ROTA/ 0.17

Audits

Audited

Balance sheet

Current assets 4436858543.6
Noncurrent assets 94038092.1
Total assets 4530896635.7
Total liabilities 1072658865.3
Total owner`s equity 345823770.5

Income statement

Sales revenue 1063990737.7
Cost of sales 0
Gross profit 1063990737.7
Total expenses 560801437.5
Profit (or loss) for the year 488997902.6

Ratios

Return on Assets /ROA/ 0.11
Return on Equity /ROE/ 1.41
Return on Total Assets /ROTA/ 0.23

Audits

Audited "Энур-Аудит" ХХК

Balance sheet

Current assets 3684793997.55
Noncurrent assets 94618801.51
Total assets 3779412799.06
Total liabilities 682797189.94
Total owner`s equity 3096615609.12

Income statement

Sales revenue 386344017.86
Cost of sales 0
Gross profit 386344017.86
Total expenses 244815416.44
Profit (or loss) for the year 127375741.28

Ratios

Return on Assets /ROA/ 0.03
Return on Equity /ROE/ 0.04
Return on Total Assets /ROTA/ 0.1

Audits

Audited

Balance sheet

Current assets 2063.44
Noncurrent assets 95.84
Total assets 2159.28
Total liabilities 673.19
Total owner`s equity 1486.08

Income statement

Sales revenue 633.52
Cost of sales 0
Gross profit 633.52
Total expenses 426.45
Profit (or loss) for the year 207.07

Ratios

Return on Assets /ROA/ 0.1
Return on Equity /ROE/ 0.14
Return on Total Assets /ROTA/ 0.29

Audits

Audited Энур Аудит

Balance sheet

Current assets 2063.04
Noncurrent assets 95.84
Total assets 2159.28
Total liabilities 673.19
Total owner`s equity 1486.09

Income statement

Sales revenue 206.245
Cost of sales 0
Gross profit 206.245
Total expenses 175.692
Profit (or loss) for the year 30.552

Ratios

Return on Assets /ROA/ 0.01
Return on Equity /ROE/ 0.02
Return on Total Assets /ROTA/ 0.1

Audits

Audited Энур Аудит

Balance sheet

Current assets 1
Noncurrent assets 55
Total assets 1
Total liabilities 322
Total owner`s equity 1

Income statement

Sales revenue 1
Cost of sales 0
Gross profit 127
Total expenses 165
Profit (or loss) for the year -38

Ratios

Return on Assets /ROA/ -38
Return on Equity /ROE/ -38
Return on Total Assets /ROTA/ 1

Audits

Audited Энур Аудит

Balance sheet

Current assets 1283.7
Noncurrent assets 46.9
Total assets 1330.6
Total liabilities 8.2
Total owner`s equity 1322.3

Income statement

Sales revenue 55.6
Cost of sales 0
Gross profit 55.6
Total expenses 49
Profit (or loss) for the year 6.5

Ratios

Return on Assets /ROA/ 0
Return on Equity /ROE/ 0
Return on Total Assets /ROTA/ 0.04

Audits

Audited Алаг уул финанс Аудит

Balance sheet

Current assets 310.11
Noncurrent assets 37.78
Total assets 347.88
Total liabilities 0.19
Total owner`s equity 347.7

Income statement

Sales revenue 0
Cost of sales 0
Gross profit 0
Total expenses 0
Profit (or loss) for the year 0.5

Ratios

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

Audits

Audited Алаг уул финанс Аудит

Balance sheet

Current assets 282
Noncurrent assets 38
Total assets 320
Total liabilities 8
Total owner`s equity 340

Income statement

Sales revenue 3
Cost of sales 0
Gross profit 3
Total expenses 38
Profit (or loss) for the year 0

Ratios

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

Audits

Audited

Balance sheet

Current assets 244796381
Noncurrent assets 39283991
Total assets 309981033
Total liabilities 2781137
Total owner`s equity 340000000

Income statement

Sales revenue 308350
Cost of sales 0
Gross profit 308350
Total expenses 28591305
Profit (or loss) for the year -31729263

Ratios

Return on Assets /ROA/ -0.1
Return on Equity /ROE/ -0.09
Return on Total Assets /ROTA/ 0

Audits

Audited ЭНУР АУДИТ

Balance sheet

Current assets 185063787.29
Noncurrent assets 39000000
Total assets 224063787.29
Total liabilities 0
Total owner`s equity 224063787.29

Income statement

Sales revenue 1008952.39
Cost of sales 0
Gross profit 1008952.39
Total expenses 3897077.5
Profit (or loss) for the year -2888125.11

Ratios

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

Audits

Audited TESO

Balance sheet

Current assets 66695190
Noncurrent assets 39000000
Total assets 105695190
Total liabilities 9000000
Total owner`s equity 96695190

Income statement

Sales revenue 0
Cost of sales 0
Gross profit 0
Total expenses 3502200
Profit (or loss) for the year -4404200

Ratios

Return on Assets /ROA/ -0.04
Return on Equity /ROE/ -0.05
Return on Total Assets /ROTA/ 0

Audits

Audited Баян сагсай Аудит ХХК

Balance sheet

Current assets 66761690
Noncurrent assets 39000000
Total assets 105761690
Total liabilities 9000000
Total owner`s equity 96761690

Income statement

Sales revenue 0
Cost of sales 0
Gross profit 0
Total expenses 3435700
Profit (or loss) for the year -4337700

Ratios

Return on Assets /ROA/ -0.04
Return on Equity /ROE/ -0.04
Return on Total Assets /ROTA/ 0

Audits

Audited 0

Balance sheet

Current assets 66919190
Noncurrent assets 39000000
Total assets 105919190
Total liabilities 9000000
Total owner`s equity 96919190

Income statement

Sales revenue 0
Cost of sales 0
Gross profit 0
Total expenses 3278200
Profit (or loss) for the year 0

Ratios

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

Audits

Audited 0

Balance sheet

Current assets
Noncurrent assets
Total assets 109796390
Total liabilities 9000000
Total owner`s equity 100796390

Income statement

Sales revenue
Cost of sales 0
Gross profit 0
Total expenses 303000
Profit (or loss) for the year -303000

Ratios

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

Audits

Audited 0

Balance sheet

Current assets 71099390
Noncurrent assets 39000000
Total assets 110099390
Total liabilities 78029040
Total owner`s equity 32070350

Income statement

Sales revenue 0
Cost of sales 0
Gross profit 0
Total expenses 17929650
Profit (or loss) for the year -17929650

Ratios

Return on Assets /ROA/ -0.16
Return on Equity /ROE/ -0.56
Return on Total Assets /ROTA/ 0

Audits

Audited 0

Individual shareholders

№	Lastname Firstname	Position	Share
1	Одон.Дамжин	Хувьцаа эзэмшигч	43%
2	Одон.Сайнжаргал		32%
3	Буяндэлгэр.Лхамдолгор	Гүйцэтгэх захирал	16%
4	Даш.Дашпунцаг		5%
5	Пүрэвдаваа.Сэлэнгэ	Хөрөнгө оруулалтын банкны газрын захирал	1%
6	Бадрах.Батбаяр	Санхүүгийн албаны ахлах	1%
7	Түмэнбаяр.Энх-Амгалан	Арилжааны албаны ахлах	1%

Corporate shareholders

№	Company name	Share

Board members

№	Lastname Firstname	Position
1	Одон Дамжин	ТУЗ-ийн дарга
2	Сайнжаргал Болор	ТУЗ-ийн гишүүн
3	Буяндэлгэр Лхамдолгор	ТУЗ-ийн гишүүн

№	Lastname Firstname	Position
1	Бадрах Батбаяр	Санхүү, бүртгэлийн газрын захирал
2	Цэцэгмаа Батсайхан	Хүний нөөцийн мэргэжилтэн
3	Наранбаатар Булгантамир	Мэдээллийн технологи хариуцсан мэргэжилтэн
4	Батсүрэн Өсөхбаяр	Ахлах хөгжүүлэгч- IT
5	Равжих Урангоо	График дизайнер
6	Өлзийбаяр Шинэцэцэг	Тооцооны нягтлан бодогч
7	Олзвой Урангоо	Тооцооны нягтлан бодогч
8	Мөнх-Очир Сүбээдэй	Хөрөнгө оруулалтын шинжээч
9	Нямбаатар Золжаргал	Хөрөнгө оруулалтын зөвлөх
10	Энхбаяр Халигүүн	Гадаад арилжааны брокер
11	Чулуунхүү Отгонбилэг	Дотоод арилжааны брокер
12	Баттөмөр Дэлгэрмөрөн	Уул уурхайн брокер
13	Чинзориг Буян-Ундрах	Гадаад арилжааны брокер
14	Ууганбаяр Мөнхдөл	Байгууллага, хамтын ажиллагаа хариуцсан брокер
15	Даваа Сүхбат	Маркетингийн хэлтсийн захирал
16	Энхбат Саруул	Тооцооны нягтлан бодогч
17	Пүрэвдаваа Сэлэнгэ	Хөрөнгө оруулалтын банкны газрын захирал
18	Нэргүй Даринчулуу	Дотоод арилжааны брокер
19	Наранбаатар Цэнд-Аюуш	Ахлах диллер
20	Мөнхбат Дөлгөөн	Хуульч
21	Даваадорж Баасанжаргал	Ахлах дотоод арилжааны брокер
22	Лхагважав Оюундэлгэр	Хөрөнгө оруулалтын шинжээч
23	Мөнхбаясгалан Тэмүүлэн	Ахлах хөрөнгө оруулалтын зөвлөх
24	Баасанжав Батбаяр	Ахлах хөрөнгө оруулалтын шинжээч
25	Жавхлан Оюунбилэг	Номиналь данс хариуцсан мэргэжилтэн
26	Лувсанцэрэн Хонгорзул	Номиналь данс хариуцсан мэргэжилтэн
27	Түмэнбаяр Энх-Амгалан	Арилжаа судалгааны газрын захирал
28	Буяндэлгэр Лхамдолгор	Гүйцэтгэх захирал

Announcements and notices

№	Headline	Date of release
1	'TESO INVESTMENT UTSK' LLC'S NAME CHANGED TO 'APEX CAPITAL UTSK' LLC	2018-05-29 11:13:29

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

"Apex Capital" 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