BTS
Listed Company · HNX
Price
5,100
Latest close
03 Apr 2026
P/E
19.9x
EPS
(TTM)
256
ROE
(TTM)
2.9%
P/B
0.6x
BVPS
(Latest)
8,886
ROA
(TTM)
1.0%
What Is Changing
BTS no longer looks like a business simply rebounding from a weak base. Revenue posted +1.8% YoY, while net margin reached 1.19% with an additional +8.9pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Income turned positive to VND 31.6bn in 2025.
- Net margin improved from -7.73% in the prior period to 1.19% in 2025.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2,656.6 | 2,609.6 | 2,573.3 | 3,125.1 | 2,979.8 |
| Growth | +2% | +1% | -18% | +5% | — |
| Net Income | 31.6 | -201.8 | -96.3 | 53.9 | 50.0 |
| Net Margin | 1.19% | -7.73% | -3.74% | 1.73% | 1.68% |
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 848.7 | 521.8 | 672.2 | 613.9 | 769.8 | 633.2 | 691.7 | 515.0 | 686.3 | 544.6 | 689.6 | 652.8 |
| Growth | +63% | -22% | +10% | -20% | +22% | -8% | +34% | -25% | +26% | -21% | +6% | — |
| Net Income | 37.6 | 10.1 | 12.4 | -28.5 | -75.9 | -26.2 | -36.5 | -55.5 | -32.1 | -31.7 | -17.2 | -15.1 |
| Net Margin | 4.43% | 1.93% | 1.85% | -4.65% | -9.86% | -4.14% | -5.27% | -10.77% | -4.68% | -5.83% | -2.50% | -2.32% |
Financial Statements
Profitability
Net margin reached 1.19% while Revenue posted +1.8% YoY.
Balance Sheet
Inventory stood at 525.3bn, liabilities at 1,951.3bn, and equity at 1,098.0bn.
Cash Flow
Operating cash flow was 145.7bn in 2024, while investing cash flow was -171.1bn.
Financing cash flow: -9.4bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
2,818.3 | 2,749.3 | 2,725.2 | 3,231.4 | 2,979.8 |
|
Revenue Deductions
|
161.7 | 139.7 | 151.9 | 106.3 | 0.0 |
|
Net Revenue
|
2,656.6 | 2,609.6 | 2,573.3 | 3,125.1 | 2,979.8 |
|
Cost of Goods Sold
|
2,461.0 | 2,617.1 | 2,452.4 | 2,810.5 | 0.0 |
|
Gross Profit
|
195.6 | -7.5 | 120.9 | 314.5 | 327.7 |
|
Financial Income
|
0.6 | 0.4 | 0.7 | 1.5 | 0.8 |
|
Financial Expenses
|
68.3 | 77.2 | 92.0 | 55.9 | -60.8 |
|
Interest Expense
|
64.9 | 68.5 | 83.9 | 53.3 | -58.8 |
|
Share of Associates and Joint Ventures
|
0.0 | 0.0 | 0.0 | 0.0 | -0.0 |
|
Selling Expenses
|
73.4 | 81.3 | 71.4 | 113.4 | -113.5 |
|
General and Administrative Expenses
|
86.0 | 90.8 | 100.1 | 113.1 | -107.6 |
|
Operating Profit
|
-31.5 | -256.4 | -141.9 | 33.7 | 46.5 |
|
Other Income
|
77.0 | 59.0 | 49.6 | 38.4 | 0.0 |
|
Other Expenses
|
14.0 | 4.4 | 3.9 | 4.0 | 0.0 |
|
Other Profit
|
63.1 | 54.6 | 45.7 | 34.4 | 15.9 |
|
Profit Before Tax
|
31.6 | -201.8 | -96.3 | 68.1 | 62.4 |
|
Current Income Tax Expense
|
0.0 | 0.0 | 0.0 | 14.1 | -12.4 |
|
Deferred Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
31.6 | -201.8 | -96.3 | 53.9 | 50.0 |
|
Non-controlling Interest
|
0.0 | 0.0 | 0.0 | 0.0 | -0.0 |
|
Profit Attributable to Parent
|
31.6 | -201.8 | -96.3 | 53.9 | 50.0 |
|
Earnings per Share
|
256.00 | -1,633.00 | -779.00 | 436.00 | 405.80 |
|
Diluted EPS
|
255.74 | -1,633.18 | -779.01 | 436.47 | 404.79 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
820.5 | 689.9 | 935.0 | 979.2 | 576.3 |
|
I. Cash and cash equivalents
|
153.1 | 100.2 | 134.9 | 138.5 | 116.5 |
|
1. Cash
|
153.1 | 100.2 | 134.9 | 138.5 | 0.0 |
|
2. Cash equivalents
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Short-term financial investments
|
0.0 | 0.0 | 0.0 | 50.0 | 0.0 |
|
1. Available for sale securities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Held to maturity investments
|
0.0 | 0.0 | 0.0 | 50.0 | 0.0 |
|
III. Short-term receivables
|
119.9 | 86.2 | 104.8 | 128.2 | 35.9 |
|
1. Short-term trade accounts receivable
|
48.6 | 35.0 | 49.7 | 38.5 | 0.0 |
|
2. Short-term prepayments to suppliers
|
9.2 | 1.6 | 1.1 | 53.7 | 0.0 |
|
3. Short-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term loan receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
62.1 | 49.6 | 54.0 | 36.0 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Assets awaiting resolution
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
525.3 | 477.0 | 655.5 | 628.0 | 382.3 |
|
1. Inventories
|
525.3 | 477.0 | 655.5 | 628.0 | 0.0 |
|
2. Provision for decline in value of inventories
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
V. Other short-term assets
|
22.2 | 26.5 | 39.8 | 34.5 | 11.6 |
|
1. Short-term prepayments
|
12.6 | 12.4 | 10.5 | 8.7 | 0.0 |
|
2. Value added tax to be reclaimed
|
9.6 | 13.9 | 25.4 | 25.7 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
0.1 | 0.1 | 3.9 | 0.1 | 0.0 |
|
4. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
2,228.8 | 2,404.3 | 2,563.6 | 2,345.3 | 2,481.5 |
|
I. Long-term receivables
|
14.7 | 13.4 | 12.2 | 10.0 | 0.0 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 9.2 |
|
2. Long-term prepayments to suppliers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
14.7 | 13.4 | 12.2 | 10.0 | 0.0 |
|
7. Provision for long-term doubtful debts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
1,991.2 | 2,216.8 | 2,013.2 | 2,180.1 | 2,328.2 |
|
1. Tangible fixed assets
|
1,988.4 | 2,213.0 | 2,008.4 | 2,178.3 | 2,327.5 |
|
- Cost
|
7,312.8 | 7,304.1 | 6,866.4 | 6,827.9 | 0.0 |
|
- Accumulated depreciation
|
-5,324.4 | -5,091.1 | -4,858.0 | -4,649.6 | 0.0 |
|
2. Financial leased fixed assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
2.8 | 3.7 | 4.8 | 1.9 | 0.7 |
|
- Cost
|
8.3 | 8.2 | 8.2 | 4.3 | 0.0 |
|
- Accumulated depreciation
|
-5.4 | -4.4 | -3.3 | -2.5 | 0.0 |
|
III. Investment properties
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
172.1 | 117.9 | 487.6 | 100.9 | 93.0 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
172.1 | 117.9 | 487.6 | 100.9 | 0.0 |
|
V. Long-term financial investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Investments in other entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Provision for diminution in value of long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
50.8 | 56.3 | 50.7 | 54.3 | 0.0 |
|
1. Long-term prepayments
|
50.8 | 56.3 | 50.7 | 54.3 | 0.0 |
|
2. Deferred income tax assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term equipment, supplies, spare parts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 51.2 |
|
5. Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
3,049.4 | 3,094.2 | 3,498.6 | 3,324.6 | 3,057.8 |
|
A. LIABILITIES (300=210+330)
|
1,951.3 | 2,027.8 | 2,230.4 | 1,902.7 | 1,619.5 |
|
I. Short -term liabilities
|
1,817.4 | 1,851.4 | 2,062.6 | 1,859.6 | 1,595.8 |
|
1. Short-term trade accounts payable
|
743.1 | 786.6 | 968.9 | 811.5 | 585.2 |
|
2. Short-term advances from customers
|
40.8 | 29.4 | 22.7 | 45.0 | 45.7 |
|
3. Taxes and other payables to state authorities
|
27.7 | 5.5 | 6.8 | 5.5 | 0.0 |
|
4. Payable to employees
|
1.6 | 1.7 | 1.0 | 1.0 | 0.0 |
|
5. Short-term acrrued expenses
|
33.6 | 21.6 | 34.6 | 19.8 | 0.0 |
|
6. Short-term inter-company payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Construction contract progress payments due to suppliers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Short-term unearned revenue
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Other short-term payables
|
21.3 | 30.5 | 40.2 | 8.0 | 0.0 |
|
10. Short-term borrowings and financial leases
|
949.1 | 975.7 | 987.1 | 966.4 | 873.2 |
|
11. Provision for short-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
0.2 | 0.3 | 1.5 | 2.4 | 0.0 |
|
13. Price stabilization fund
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Long-term liabilities
|
134.0 | 176.4 | 167.8 | 43.1 | 23.7 |
|
1. Long-term trade payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Inter-company payables on business capital
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term inter-company payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Long-term unearned revenue
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Other long-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Long-term borrowings and financial leases
|
120.1 | 163.9 | 156.5 | 33.1 | 14.5 |
|
9. Convertible bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12. Provision for long-term liabilities
|
13.8 | 12.5 | 11.3 | 10.0 | 0.0 |
|
13. Fund for technology development
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Provision for severance allowances
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. OWNER'S EQUITY (400=410+430)
|
1,098.0 | 1,066.4 | 1,268.2 | 1,421.9 | 1,438.3 |
|
I. Owner's equity
|
1,098.0 | 1,066.4 | 1,268.2 | 1,421.9 | 0.0 |
|
1. Owner's capital
|
1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,438.3 |
|
- Common stock with voting right
|
1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Convertible bond option
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Treasury shares
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Assets revaluation differences
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Foreign exchange differences
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
122.8 | 122.8 | 122.8 | 122.8 | 0.0 |
|
9. Fund to support corporate restructuring
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
-260.3 | -291.9 | -90.2 | 63.5 | 88.3 |
|
- Accumulated retained earning at the end of the previous period
|
-291.9 | -90.2 | 6.1 | 9.9 | 38.5 |
|
- Undistributed earnings in this period
|
31.6 | -201.8 | -96.3 | 53.6 | 49.8 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Financial reserves
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Other resources and funds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Subsidized not-for-profit funds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Funds invested in fixed assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
C. MINORITY'S INTEREST
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
3,049.4 | 3,094.2 | 3,498.6 | 3,324.6 | 3,057.8 |
| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
|
Profit Before Tax
|
-201.8 | -96.3 | 68.1 | 62.4 | 17.3 |
|
Depreciation of Fixed Assets and Investment Property
|
234.8 | 209.9 | 205.7 | 206.0 | 211.3 |
|
Provision (Increase)/Reversal
|
1.3 | 1.2 | 0.9 | 0.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.0 | 1.4 | 0.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-0.4 | -0.6 | -0.4 | 0.0 | 0.0 |
|
Interest Expense
|
68.5 | 83.9 | 53.3 | 0.0 | 0.0 |
|
Gain/Loss on Disposal of Fixed Assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Income and Dividends
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Amortization of Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Adjustments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
102.3 | 199.6 | 327.5 | 311.2 | 303.0 |
|
Increase/(Decrease) in Receivables
|
32.6 | 17.8 | -62.6 | 0.0 | 0.0 |
|
Increase/(Decrease) in Inventory
|
178.4 | -27.5 | -245.6 | 0.0 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
-89.3 | 38.7 | 168.8 | 0.0 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
-7.5 | 1.8 | 3.2 | 0.0 | 0.0 |
|
Changes in Trading Securities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Paid
|
-69.8 | -83.9 | -50.9 | 0.0 | 0.0 |
|
Corporate Income Tax Paid
|
0.0 | 0.0 | -22.0 | 0.0 | 0.0 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-1.1 | -21.2 | -30.6 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
145.7 | 125.2 | 87.7 | 263.4 | 198.1 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-171.5 | -315.9 | -108.4 | -41.7 | -72.1 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Loans and Purchases of Debt Instruments
|
0.0 | 0.0 | -50.0 | -30.0 | -47.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
0.0 | 50.0 | 30.0 | 47.0 | 0.0 |
|
Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
0.4 | 0.6 | 0.5 | 0.0 | 0.0 |
|
Increase/(Decrease) in Term Deposits
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-171.1 | -265.3 | -127.9 | -24.0 | -118.5 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
2,266.5 | 2,194.9 | 2,356.3 | 2,386.4 | 2,511.8 |
|
Repayment of Borrowings
|
-2,270.4 | -2,050.8 | -2,244.6 | -2,622.9 | -2,722.1 |
|
Repayment of Finance Leases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-5.5 | -7.6 | -49.4 | 0.0 | 0.0 |
|
Other Financing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Financing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Financing Activities
|
-9.4 | 136.5 | 62.3 | -236.4 | -210.3 |
|
Net Cash Flow During the Period
|
-34.8 | -3.6 | 22.1 | 44.4 | 52.5 |
|
Cash and Cash Equivalents at Beginning of Period
|
134.9 | 138.5 | 116.5 | 113.5 | 244.2 |
|
FX Difference from Revaluation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
100.2 | 134.9 | 138.5 | 116.5 | 113.5 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue
|
900.0 | 556.8 | 713.9 | 647.5 | 808.2 | 670.7 | 728.0 | 542.4 | 726.7 | 572.8 | 733.6 | 692.0 |
|
Revenue Deductions
|
51.3 | 35.1 | 41.7 | 33.7 | 38.4 | 37.5 | 36.3 | 27.5 | 40.4 | 28.2 | 44.0 | 39.2 |
|
Net Revenue
|
848.7 | 521.8 | 672.2 | 613.9 | 769.8 | 633.2 | 691.7 | 515.0 | 686.3 | 544.6 | 689.6 | 652.8 |
|
Cost of Goods Sold
|
767.3 | 482.0 | 620.4 | 591.3 | 793.0 | 622.3 | 683.5 | 515.8 | 669.4 | 524.5 | 649.8 | 608.7 |
|
Gross Profit
|
81.4 | 39.8 | 51.8 | 22.6 | -23.3 | 10.9 | 8.2 | -0.8 | 16.9 | 20.1 | 39.8 | 44.1 |
|
Financial Income
|
0.4 | 0.0 | 0.2 | 0.0 | 0.4 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.4 | 0.2 |
|
Financial Expenses
|
17.8 | 16.5 | 16.8 | 17.2 | 18.6 | 17.8 | 20.0 | 20.8 | 19.0 | 24.9 | 24.3 | 23.8 |
|
Interest Expense
|
16.3 | 15.9 | 15.9 | 16.7 | 16.3 | 16.9 | 17.1 | 18.2 | 17.9 | 20.6 | 22.8 | 22.5 |
|
Share of Associates and Joint Ventures
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Selling Expenses
|
20.3 | 16.7 | 15.8 | 20.6 | 19.6 | 17.9 | 16.8 | 23.1 | 18.3 | 16.7 | 16.4 | 20.0 |
|
General and Administrative Expenses
|
27.1 | 14.8 | 22.4 | 21.7 | 28.5 | 18.0 | 22.6 | 20.5 | 27.4 | 22.1 | 27.0 | 23.7 |
|
Operating Profit
|
16.6 | -8.2 | -2.9 | -37.0 | -89.5 | -42.8 | -51.2 | -65.2 | -47.7 | -43.6 | -27.6 | -23.2 |
|
Other Income
|
32.0 | 18.7 | 16.7 | 9.6 | 14.7 | 17.6 | 16.1 | 10.7 | 16.4 | 12.7 | 11.2 | 9.3 |
|
Other Expenses
|
11.0 | 0.4 | 1.4 | 1.2 | 1.0 | 1.1 | 1.3 | 1.0 | 0.9 | 0.9 | 0.8 | 1.3 |
|
Other Profit
|
21.0 | 18.3 | 15.3 | 8.5 | 13.6 | 16.5 | 14.7 | 9.7 | 15.5 | 11.8 | 10.3 | 8.0 |
|
Profit Before Tax
|
37.6 | 10.1 | 12.4 | -28.5 | -75.9 | -26.2 | -36.5 | -55.5 | -32.1 | -31.7 | -17.2 | -15.1 |
|
Current Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Deferred Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
37.6 | 10.1 | 12.4 | -28.5 | -75.9 | -26.2 | -36.5 | -55.5 | -32.1 | -31.7 | -17.2 | -15.1 |
|
Non-controlling Interest
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Profit Attributable to Parent
|
37.6 | 10.1 | 12.4 | -28.5 | -75.9 | -26.2 | -36.5 | -55.5 | -32.1 | -31.7 | -17.2 | -15.1 |
|
Earnings per Share
|
305.00 | 81.00 | 101.00 | -231.00 | -614.00 | -212.00 | -295.00 | -449.00 | -260.00 | -257.00 | -139.00 | -122.00 |
|
Diluted EPS
|
304.61 | 81.50 | 100.57 | -230.94 | -614.33 | -212.25 | -295.24 | -449.02 | -260.07 | -256.93 | -139.39 | -122.44 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
820.5 | 934.6 | 913.9 | 883.5 | 689.9 | 832.5 | 827.2 | 913.6 | 935.6 | 1,066.3 | 1,080.6 | 1,041.9 |
|
I. Cash and cash equivalents
|
153.1 | 37.7 | 79.3 | 59.1 | 100.2 | 32.6 | 53.7 | 54.1 | 134.9 | 41.8 | 47.2 | 47.3 |
|
1. Cash
|
153.1 | 37.7 | 79.3 | 59.1 | 100.2 | 32.6 | 53.7 | 54.1 | 134.9 | 41.8 | 47.2 | 47.3 |
|
2. Cash equivalents
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Short-term financial investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Available for sale securities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Held to maturity investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
III. Short-term receivables
|
119.9 | 257.2 | 283.1 | 280.4 | 86.2 | 277.6 | 250.5 | 215.4 | 102.3 | 269.0 | 302.3 | 331.9 |
|
1. Short-term trade accounts receivable
|
48.6 | 160.0 | 187.8 | 203.7 | 35.0 | 189.1 | 157.6 | 128.4 | 49.7 | 185.9 | 206.7 | 183.0 |
|
2. Short-term prepayments to suppliers
|
9.2 | 9.5 | 17.1 | 2.3 | 1.6 | 8.0 | 7.9 | 5.8 | 1.7 | 7.7 | 24.2 | 60.5 |
|
3. Short-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term loan receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
62.1 | 87.7 | 78.1 | 74.4 | 49.6 | 80.6 | 85.0 | 81.3 | 50.9 | 75.4 | 71.4 | 88.3 |
|
7. Provision for short-term doubtful debts (*)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Assets awaiting resolution
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
525.3 | 607.5 | 522.4 | 521.7 | 477.0 | 491.1 | 490.9 | 599.8 | 658.6 | 707.1 | 682.7 | 629.1 |
|
1. Inventories
|
525.3 | 607.5 | 522.4 | 521.7 | 477.0 | 491.1 | 490.9 | 599.8 | 658.6 | 707.1 | 682.7 | 629.1 |
|
2. Provision for decline in value of inventories
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
V. Other short-term assets
|
22.2 | 32.1 | 29.1 | 22.3 | 26.5 | 31.1 | 32.0 | 44.3 | 39.7 | 48.4 | 48.4 | 33.5 |
|
1. Short-term prepayments
|
12.6 | 21.0 | 16.6 | 8.9 | 12.4 | 21.4 | 20.3 | 16.2 | 10.5 | 19.5 | 23.8 | 19.0 |
|
2. Value added tax to be reclaimed
|
9.6 | 9.7 | 12.4 | 13.3 | 13.9 | 9.6 | 11.6 | 24.2 | 25.3 | 28.8 | 24.5 | 10.8 |
|
3. Taxes and other receivables from state authorities
|
0.1 | 1.5 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 3.8 | 3.9 | 0.1 | 0.1 | 3.7 |
|
4. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
2,228.4 | 2,317.6 | 2,356.6 | 2,356.3 | 2,404.3 | 2,492.5 | 2,579.6 | 2,615.3 | 2,562.5 | 2,551.8 | 2,557.7 | 2,341.1 |
|
I. Long-term receivables
|
14.7 | 14.7 | 14.7 | 14.7 | 13.4 | 13.4 | 13.4 | 12.2 | 12.2 | 11.3 | 11.3 | 11.3 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term prepayments to suppliers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
14.7 | 14.7 | 14.7 | 14.7 | 13.4 | 13.4 | 13.4 | 12.2 | 12.2 | 11.3 | 11.3 | 11.3 |
|
7. Provision for long-term doubtful debts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
1,990.8 | 2,048.0 | 2,103.5 | 2,158.0 | 2,216.8 | 2,254.8 | 2,331.6 | 2,390.7 | 2,013.2 | 2,059.1 | 2,090.2 | 2,139.9 |
|
1. Tangible fixed assets
|
1,988.0 | 2,045.1 | 2,100.3 | 2,154.6 | 2,213.0 | 2,250.8 | 2,327.4 | 2,386.1 | 2,008.4 | 2,054.1 | 2,085.0 | 2,134.4 |
|
- Cost
|
7,312.4 | 7,311.5 | 7,308.3 | 7,304.1 | 7,304.1 | 7,283.2 | 7,302.5 | 7,302.1 | 6,866.4 | 6,859.7 | 6,837.4 | 6,835.1 |
|
- Accumulated depreciation
|
-5,324.4 | -5,266.5 | -5,208.0 | -5,149.5 | -5,091.1 | -5,032.4 | -4,975.1 | -4,916.0 | -4,858.0 | -4,805.6 | -4,752.3 | -4,700.7 |
|
2. Financial leased fixed assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
2.8 | 3.0 | 3.2 | 3.5 | 3.7 | 4.0 | 4.3 | 4.5 | 4.8 | 5.0 | 5.2 | 5.5 |
|
- Cost
|
8.3 | 8.2 | 8.2 | 8.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-5.4 | -5.2 | -4.9 | -4.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
III. Investment properties
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
172.1 | 202.8 | 187.6 | 136.1 | 117.9 | 161.7 | 164.4 | 157.4 | 486.5 | 422.3 | 394.3 | 138.3 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
172.1 | 202.8 | 187.6 | 136.1 | 117.9 | 161.7 | 164.4 | 157.4 | 486.5 | 422.3 | 394.3 | 138.3 |
|
V. Long-term financial investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Investments in other entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Provision for diminution in value of long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
50.8 | 52.1 | 50.9 | 47.4 | 56.3 | 62.6 | 70.2 | 55.1 | 50.7 | 59.2 | 61.9 | 51.6 |
|
1. Long-term prepayments
|
50.8 | 52.1 | 50.9 | 47.4 | 56.3 | 62.6 | 70.2 | 55.1 | 50.7 | 59.2 | 61.9 | 51.6 |
|
2. Deferred income tax assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term equipment, supplies, spare parts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
3,049.0 | 3,252.3 | 3,270.6 | 3,239.8 | 3,094.2 | 3,324.9 | 3,406.8 | 3,528.9 | 3,498.1 | 3,618.1 | 3,638.3 | 3,383.0 |
|
A. LIABILITIES (300=210+330)
|
1,950.9 | 2,191.9 | 2,220.3 | 2,202.0 | 2,023.8 | 2,178.6 | 2,230.6 | 2,316.2 | 2,229.9 | 2,280.9 | 2,269.3 | 1,976.3 |
|
I. Short -term liabilities
|
1,817.0 | 2,047.3 | 2,065.1 | 2,036.2 | 1,847.4 | 1,990.8 | 2,030.9 | 2,149.4 | 2,062.2 | 2,137.7 | 2,197.9 | 1,930.7 |
|
1. Short-term trade accounts payable
|
742.6 | 1,009.5 | 1,003.0 | 885.3 | 786.6 | 847.8 | 950.9 | 1,006.3 | 968.4 | 960.5 | 1,019.8 | 725.8 |
|
2. Short-term advances from customers
|
40.8 | 22.5 | 13.7 | 7.9 | 29.4 | 31.2 | 42.3 | 18.6 | 22.7 | 12.5 | 21.5 | 17.1 |
|
3. Taxes and other payables to state authorities
|
27.8 | 5.6 | 4.9 | 8.8 | 5.5 | 7.8 | 6.4 | 10.3 | 6.8 | 9.6 | 7.2 | 4.7 |
|
4. Payable to employees
|
1.6 | 1.1 | 1.6 | 2.0 | 1.7 | 1.0 | 1.4 | 1.8 | 1.0 | 2.9 | 1.8 | 1.7 |
|
5. Short-term acrrued expenses
|
33.6 | 36.4 | 30.7 | 51.1 | 17.6 | 27.6 | 43.0 | 41.6 | 34.6 | 37.4 | 67.9 | 77.5 |
|
6. Short-term inter-company payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Construction contract progress payments due to suppliers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Short-term unearned revenue
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Other short-term payables
|
21.3 | 39.0 | 38.4 | 38.3 | 30.5 | 47.1 | 67.8 | 66.6 | 40.3 | 12.3 | 14.5 | 15.0 |
|
10. Short-term borrowings and financial leases
|
949.1 | 933.0 | 972.5 | 1,042.5 | 975.7 | 1,028.0 | 918.5 | 1,003.4 | 987.1 | 1,099.6 | 1,063.2 | 1,088.6 |
|
11. Provision for short-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.7 | 0.9 | 1.5 | 2.8 | 2.0 | 0.2 |
|
13. Price stabilization fund
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Long-term liabilities
|
134.0 | 144.6 | 155.2 | 165.8 | 176.4 | 187.8 | 199.7 | 166.8 | 167.8 | 143.2 | 71.4 | 45.6 |
|
1. Long-term trade payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Inter-company payables on business capital
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term inter-company payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Long-term unearned revenue
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Other long-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Long-term borrowings and financial leases
|
120.1 | 131.1 | 142.0 | 153.0 | 163.9 | 175.6 | 187.8 | 155.2 | 156.5 | 132.2 | 60.8 | 35.3 |
|
9. Convertible bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12. Provision for long-term liabilities
|
13.8 | 13.5 | 13.2 | 12.8 | 12.5 | 12.2 | 11.9 | 11.6 | 11.3 | 11.0 | 10.6 | 10.3 |
|
13. Fund for technology development
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Provision for severance allowances
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. OWNER'S EQUITY (400=410+430)
|
1,098.0 | 1,060.4 | 1,050.3 | 1,037.9 | 1,070.4 | 1,146.3 | 1,176.2 | 1,212.7 | 1,268.2 | 1,337.2 | 1,369.0 | 1,406.7 |
|
I. Owner's equity
|
1,098.0 | 1,060.4 | 1,050.3 | 1,037.9 | 1,070.4 | 1,146.3 | 1,176.2 | 1,212.7 | 1,268.2 | 1,337.2 | 1,369.0 | 1,406.7 |
|
1. Owner's capital
|
1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 |
|
- Common stock with voting right
|
1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 | 1,235.6 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Convertible bond option
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Treasury shares
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Assets revaluation differences
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Foreign exchange differences
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
122.8 | 122.8 | 122.8 | 122.8 | 122.8 | 122.8 | 122.8 | 122.8 | 122.8 | 122.8 | 122.8 | 122.8 |
|
9. Fund to support corporate restructuring
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
-260.3 | -298.0 | -308.1 | -320.5 | -287.9 | -212.0 | -182.1 | -145.6 | -90.1 | -21.2 | 10.7 | 48.3 |
|
- Accumulated retained earning at the end of the previous period
|
-291.9 | -291.9 | -291.9 | -291.9 | -90.2 | -90.2 | -90.2 | -90.2 | 6.1 | 43.2 | 43.2 | 63.5 |
|
- Undistributed earnings in this period
|
31.6 | -6.0 | -16.1 | -28.5 | -197.8 | -121.9 | -92.0 | -55.5 | -96.2 | -64.3 | -32.5 | -15.2 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Financial reserves
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Other resources and funds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Subsidized not-for-profit funds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Funds invested in fixed assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
C. MINORITY'S INTEREST
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
3,049.0 | 3,252.3 | 3,270.6 | 3,239.8 | 3,094.2 | 3,324.9 | 3,406.8 | 3,528.9 | 3,498.1 | 3,618.1 | 3,638.3 | 3,383.0 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Profit Before Tax
|
37.6 | 10.1 | 12.4 | -28.5 | -75.9 | -26.2 | -40.2 | -55.5 | -32.2 | -31.7 | -17.2 | -15.1 |
|
Depreciation of Fixed Assets and Investment Property
|
58.4 | 58.6 | 58.7 | 58.7 | 58.9 | 57.7 | 59.4 | 58.9 | 52.6 | 53.6 | 51.9 | 51.8 |
|
Provision (Increase)/Reversal
|
0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.0 | 0.1 | 0.1 | 0.0 | -0.2 | -0.4 | -0.9 | 1.5 | -0.5 | 1.7 | 0.3 | 0.0 |
|
Gain/Loss from Investment Activities
|
-0.2 | -0.0 | -0.2 | -0.0 | -0.4 | -0.0 | -0.0 | -0.0 | -0.4 | -0.0 | -0.0 | -0.2 |
|
Interest Expense
|
16.3 | 15.9 | 15.9 | 16.7 | 16.3 | 16.9 | 17.1 | 18.2 | 17.9 | 20.6 | 22.8 | 22.5 |
|
Gain/Loss on Disposal of Fixed Assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Income and Dividends
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Amortization of Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Adjustments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
112.6 | 85.0 | 87.4 | 47.2 | -1.0 | 48.3 | 35.7 | 23.3 | 37.9 | 44.4 | 58.1 | 59.3 |
|
Increase/(Decrease) in Receivables
|
147.6 | 27.2 | -1.8 | -194.8 | 187.0 | -31.1 | -14.0 | -109.3 | 180.4 | 11.5 | 2.3 | -176.5 |
|
Increase/(Decrease) in Inventory
|
82.3 | -85.1 | -0.7 | -44.7 | 14.1 | 2.1 | 106.6 | 55.6 | 51.6 | -24.4 | -53.6 | -1.2 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
-204.7 | 21.9 | 70.3 | 106.0 | -40.8 | -108.7 | 46.3 | 9.9 | 3.1 | 21.8 | 96.9 | -83.1 |
|
Increase/(Decrease) in Prepaid Expenses
|
9.7 | -5.7 | -11.1 | 12.4 | 15.3 | 6.5 | -19.2 | -10.1 | 17.5 | 7.0 | -15.0 | -7.7 |
|
Changes in Trading Securities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Paid
|
-16.1 | -15.7 | -16.3 | -16.6 | -16.2 | -16.9 | -18.5 | -18.1 | -14.4 | -23.1 | -23.5 | -22.9 |
|
Corporate Income Tax Paid
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
0.0 | 0.0 | 0.0 | 0.0 | -0.0 | -0.3 | -0.2 | -0.6 | -0.3 | 0.0 | -20.8 | -0.1 |
|
Net Cash Flow from Operating Activities
|
131.3 | 27.8 | 127.6 | -90.6 | 158.5 | -100.2 | 136.7 | -49.2 | 275.8 | 37.2 | 44.3 | -232.2 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-12.3 | -18.9 | -26.7 | -6.3 | -21.8 | -18.3 | -84.8 | -46.6 | -87.1 | -150.5 | -44.6 | -33.7 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Loans and Purchases of Debt Instruments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 50.0 |
|
Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
0.2 | 0.0 | 0.2 | 0.0 | 0.4 | 0.0 | 0.0 | 0.0 | 0.4 | 0.0 | 0.0 | 0.2 |
|
Increase/(Decrease) in Term Deposits
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-12.1 | -18.9 | -26.5 | -6.3 | -21.4 | -18.3 | -84.8 | -46.6 | -86.8 | -150.5 | -44.5 | 16.5 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
760.1 | 478.1 | 507.4 | 474.0 | 669.9 | 646.4 | 521.9 | 428.3 | 506.4 | 563.2 | 552.1 | 573.3 |
|
Repayment of Borrowings
|
-754.9 | -528.6 | -588.3 | -418.1 | -733.9 | -549.0 | -574.2 | -413.3 | -594.7 | -455.3 | -552.0 | -448.9 |
|
Repayment of Finance Leases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-9.0 | -0.0 | 0.0 | -0.0 | -5.5 | 0.0 | -0.0 | -0.0 | -7.6 | -0.0 | -0.0 | 0.0 |
|
Other Financing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Financing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Financing Activities
|
-3.8 | -50.5 | -80.9 | 55.8 | -69.5 | 97.4 | -52.3 | 15.0 | -95.9 | 107.9 | 0.1 | 124.5 |
|
Net Cash Flow During the Period
|
115.4 | -41.6 | 20.2 | -41.1 | 67.6 | -21.1 | -0.4 | -80.8 | 93.1 | -5.4 | -0.1 | -91.2 |
|
Cash and Cash Equivalents at Beginning of Period
|
37.7 | 79.3 | 59.1 | 100.2 | 134.9 | 134.9 | 134.9 | 134.9 | 138.5 | 138.5 | 138.5 | 138.5 |
|
FX Difference from Revaluation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
153.1 | 37.7 | 79.3 | 59.1 | 100.2 | 32.6 | 53.7 | 54.1 | 134.9 | 41.8 | 47.2 | 47.3 |
Related Research
Related research will appear here.
Need support? If you need support with content lookup or want to provide feedback about content on the website, please contact us below.