Trailing net profit reached 295.8bn, rose 11.6bn compared with the previous quarter. Key positives came from higher gross profit. Offsetting pressure came mainly from lower financial income, higher tax, and higher administrative expenses. Detailed impact is shown below:

Track net margin changes and the operating components against the same period last year.

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ROIC currently stands at 24.99%. Track NOPAT margin and capital turnover to assess capital efficiency.

None

Balance sheet is exceptionally sound — liabilities at 0.39x equity, with a net cash position equivalent to 0.14x equity.

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Over the last 12 months, working capital released 34.9bn of cash, mainly thanks to lower receivables and higher payables. Pressure from higher inventories only partly offset that benefit.

Track receivable, inventory, and payable turns to judge working-capital efficiency.

Track DSO, DIO, DPO components to evaluate working capital turnover efficiency.

Leverage looks fairly comfortable, with net debt / equity at −0.14x and interest coverage at 7.95x.

At present, short-term debt accounts for 27.6% of total debt, cash equals 148.5% of debt, and total debt stands at 470.4bn.

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 388.6bn in 2025, against investing cash flow of -49.0bn.

Post-investment cash flow was positive +339.6bn. Financing cash flow was negative +292.2bn.

CFO / net income was 1,47 lần.

After spending +415.2bn on fixed-asset investment, the business generated trailing free cash flow of +19.5bn.