CTF
Listed Company · HOSE
Price
18,600
Latest close
03 Apr 2026
P/E
142.0x
EPS
(TTM)
131
ROE
(TTM)
1.1%
P/B
1.6x
BVPS
(Latest)
11,341
ROA
(TTM)
0.3%
What Is Changing
CTF no longer looks like a business simply rebounding from a weak base. Revenue posted +3.3% YoY, while net margin reached 0.16% with an additional -0.4pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Margin fell below its recent low, compressing 43bps to 0.16% in 2025.
- Net Income fell to a multi-period low at VND 13.2bn in 2025.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 8,445.8 | 8,174.1 | 7,100.8 | 6,306.5 | 4,511.7 |
| Growth | +3% | +15% | +13% | +40% | — |
| Net Income | 13.2 | 47.9 | 44.0 | 117.5 | 50.3 |
| Net Margin | 0.16% | 0.59% | 0.62% | 1.86% | 1.12% |
| 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 | 2,410.5 | 1,939.9 | 2,084.8 | 2,010.5 | 2,770.7 | 2,076.9 | 1,818.7 | 1,504.9 | 2,194.4 | 1,692.7 | 1,586.2 | 1,626.9 |
| Growth | +24% | -7% | +4% | -27% | +33% | +14% | +21% | -31% | +30% | +7% | -2% | — |
| Net Income | 8.1 | 1.0 | 3.5 | 2.9 | 39.1 | 2.5 | 2.3 | 6.8 | 6.9 | 25.1 | 3.0 | 11.2 |
| Net Margin | 0.33% | 0.05% | 0.17% | 0.14% | 1.41% | 0.12% | 0.13% | 0.45% | 0.32% | 1.48% | 0.19% | 0.69% |
Financial Statements
Profitability
Net margin reached 0.16% while Revenue posted +3.3% YoY.
Balance Sheet
Inventory stood at 882.2bn, liabilities at 2,865.4bn, and equity at 1,084.8bn.
Cash Flow
Operating cash flow was -190.5bn in 2024, while investing cash flow was 119.7bn.
Financing cash flow: 78.6bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
8,923.5 | 8,541.0 | 7,385.9 | 6,367.6 | 4,564.9 |
|
Revenue Deductions
|
477.7 | 366.9 | 285.1 | 61.0 | 0.0 |
|
Net Revenue
|
8,445.8 | 8,174.1 | 7,100.8 | 6,306.5 | 4,511.7 |
|
Cost of Goods Sold
|
7,996.2 | 7,700.5 | 6,690.8 | 5,753.4 | 0.0 |
|
Gross Profit
|
449.6 | 473.6 | 410.0 | 553.1 | 291.8 |
|
Financial Income
|
214.0 | 226.2 | 184.6 | 42.5 | 42.6 |
|
Financial Expenses
|
189.1 | 176.5 | 157.8 | 62.2 | -50.5 |
|
Interest Expense
|
189.1 | 176.5 | 157.8 | 62.2 | -50.5 |
|
Share of Associates and Joint Ventures
|
0.1 | 0.0 | 0.0 | 0.0 | -0.0 |
|
Selling Expenses
|
367.0 | 344.3 | 307.1 | 265.9 | -154.4 |
|
General and Administrative Expenses
|
163.4 | 138.4 | 112.6 | 135.8 | -82.2 |
|
Operating Profit
|
-55.8 | 40.5 | 17.1 | 131.7 | 47.3 |
|
Other Income
|
87.9 | 26.2 | 38.9 | 18.5 | 0.0 |
|
Other Expenses
|
7.9 | 9.6 | 2.1 | 2.1 | 0.0 |
|
Other Profit
|
80.0 | 16.6 | 36.8 | 16.4 | 16.4 |
|
Profit Before Tax
|
24.2 | 57.0 | 53.9 | 148.0 | 63.7 |
|
Current Income Tax Expense
|
11.1 | 9.1 | 9.8 | 30.5 | -13.4 |
|
Deferred Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
13.2 | 47.9 | 44.0 | 117.5 | 50.3 |
|
Non-controlling Interest
|
3.0 | 1.5 | 3.1 | 5.8 | 2.7 |
|
Profit Attributable to Parent
|
10.2 | 46.4 | 41.0 | 111.7 | 47.6 |
|
Earnings per Share
|
106.00 | 519.00 | 517.00 | 1,513.00 | 729.00 |
|
Diluted EPS
|
106.00 | 519.00 | 517.00 | 1,513.00 | 657.11 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
2,947.4 | 2,780.5 | 2,592.0 | 1,733.8 | 1,196.4 |
|
I. Cash and cash equivalents
|
165.6 | 69.0 | 61.2 | 74.5 | 55.5 |
|
1. Cash
|
97.9 | 69.0 | 61.2 | 74.5 | 0.0 |
|
2. Cash equivalents
|
67.8 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Short-term financial investments
|
10.4 | 0.0 | 0.0 | 0.0 | 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
|
10.4 | 0.0 | 0.0 | 0.0 | 0.0 |
|
III. Short-term receivables
|
1,855.6 | 2,076.7 | 1,876.9 | 1,142.8 | 809.7 |
|
1. Short-term trade accounts receivable
|
914.6 | 987.5 | 1,019.6 | 563.6 | 0.0 |
|
2. Short-term prepayments to suppliers
|
366.6 | 323.9 | 187.1 | 134.1 | 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
|
47.6 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
526.7 | 765.1 | 670.1 | 448.5 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
0.0 | 0.0 | 0.0 | -3.6 | 0.0 |
|
8. Assets awaiting resolution
|
0.1 | 0.1 | 0.1 | 0.1 | 0.0 |
|
IV. Inventories
|
882.2 | 614.0 | 613.9 | 476.4 | 322.2 |
|
1. Inventories
|
885.5 | 618.9 | 618.8 | 481.4 | 0.0 |
|
2. Provision for decline in value of inventories
|
-3.4 | -4.9 | -4.9 | -4.9 | 0.0 |
|
V. Other short-term assets
|
33.6 | 20.8 | 40.0 | 40.0 | 8.9 |
|
1. Short-term prepayments
|
7.9 | 11.8 | 17.5 | 20.4 | 0.0 |
|
2. Value added tax to be reclaimed
|
25.6 | 8.6 | 22.5 | 19.7 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
0.2 | 0.4 | 0.0 | 0.0 | 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)
|
1,002.8 | 1,137.1 | 1,065.5 | 792.9 | 565.9 |
|
I. Long-term receivables
|
311.7 | 369.0 | 316.6 | 369.5 | 0.0 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 282.6 |
|
2. Long-term prepayments to suppliers
|
0.0 | 0.0 | 0.0 | 15.2 | 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
|
311.7 | 369.0 | 316.6 | 354.4 | 0.0 |
|
7. Provision for long-term doubtful debts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
237.7 | 214.6 | 189.8 | 173.4 | 159.5 |
|
1. Tangible fixed assets
|
129.0 | 122.4 | 100.0 | 85.8 | 74.8 |
|
- Cost
|
218.4 | 208.6 | 172.6 | 146.1 | 0.0 |
|
- Accumulated depreciation
|
-89.4 | -86.2 | -72.5 | -60.4 | 0.0 |
|
2. Financial leased fixed assets
|
4.8 | 5.5 | 2.8 | 0.0 | 0.0 |
|
- Cost
|
6.1 | 6.1 | 3.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-1.4 | -0.6 | -0.1 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
103.9 | 86.7 | 87.0 | 87.6 | 84.7 |
|
- Cost
|
108.2 | 90.0 | 89.3 | 89.1 | 0.0 |
|
- Accumulated depreciation
|
-4.2 | -3.3 | -2.4 | -1.6 | 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
|
1.3 | 37.7 | 41.9 | 24.6 | 0.2 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
1.3 | 37.7 | 41.9 | 24.6 | 0.0 |
|
V. Long-term financial investments
|
372.6 | 414.8 | 408.4 | 115.9 | 48.0 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
26.1 | 26.0 | 26.0 | 0.0 | 0.0 |
|
3. Investments in other entities
|
245.6 | 140.9 | 205.0 | 85.5 | 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
|
100.9 | 247.9 | 177.4 | 30.4 | 0.0 |
|
6. Other long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
79.6 | 100.9 | 108.7 | 109.5 | 0.0 |
|
1. Long-term prepayments
|
16.5 | 23.7 | 17.3 | 4.0 | 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 | 75.6 |
|
5. Goodwill
|
63.1 | 77.2 | 91.4 | 105.5 | 0.0 |
|
VII. Goodwill (before 2015)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
3,950.2 | 3,917.6 | 3,657.5 | 2,526.7 | 1,762.3 |
|
A. LIABILITIES (300=210+330)
|
2,865.4 | 2,795.1 | 2,582.8 | 1,602.1 | 952.0 |
|
I. Short -term liabilities
|
2,618.1 | 2,418.0 | 2,220.3 | 1,473.3 | 885.0 |
|
1. Short-term trade accounts payable
|
155.9 | 217.1 | 220.5 | 128.3 | 138.3 |
|
2. Short-term advances from customers
|
72.3 | 62.7 | 52.3 | 42.4 | 76.6 |
|
3. Taxes and other payables to state authorities
|
15.3 | 15.7 | 11.0 | 26.8 | 0.0 |
|
4. Payable to employees
|
16.8 | 15.6 | 12.3 | 24.9 | 0.0 |
|
5. Short-term acrrued expenses
|
14.7 | 16.9 | 8.8 | 7.1 | 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
|
0.5 | 0.5 | 0.3 | 0.0 | 0.0 |
|
9. Other short-term payables
|
66.7 | 46.8 | 55.2 | 58.6 | 0.0 |
|
10. Short-term borrowings and financial leases
|
2,275.0 | 2,041.7 | 1,858.3 | 1,182.8 | 601.0 |
|
11. Provision for short-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
1.0 | 1.0 | 1.5 | 2.5 | 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
|
247.3 | 377.2 | 362.5 | 128.8 | 67.0 |
|
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
|
6.0 | 15.6 | 33.0 | 0.0 | 0.0 |
|
8. Long-term borrowings and financial leases
|
241.4 | 361.6 | 329.5 | 128.8 | 67.0 |
|
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
|
0.0 | 0.0 | 0.0 | 0.0 | 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)
|
1,084.8 | 1,122.5 | 1,074.7 | 924.6 | 810.3 |
|
I. Owner's equity
|
1,084.8 | 1,122.5 | 1,074.7 | 924.6 | 0.0 |
|
1. Owner's capital
|
956.5 | 956.5 | 894.0 | 760.2 | 810.3 |
|
- Common stock with voting right
|
956.5 | 956.5 | 894.0 | 760.2 | 724.0 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
19.0 | 19.0 | 19.0 | 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
|
4.4 | 4.4 | 4.4 | 4.4 | 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
|
1.2 | 1.2 | 1.2 | 1.2 | 0.0 |
|
11. Undistributed earnings after tax
|
19.5 | 57.1 | 73.3 | 128.1 | 51.0 |
|
- Accumulated retained earning at the end of the previous period
|
9.3 | 10.7 | 32.3 | 16.4 | 3.4 |
|
- Undistributed earnings in this period
|
10.2 | 46.4 | 41.0 | 111.7 | 47.6 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
84.2 | 84.2 | 82.8 | 30.8 | 29.7 |
|
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)
|
3,950.2 | 3,917.6 | 3,657.5 | 2,526.7 | 1,762.3 |
| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
|
Profit Before Tax
|
57.0 | 53.9 | 148.0 | 63.7 | 5.3 |
|
Depreciation of Fixed Assets and Investment Property
|
21.2 | 18.6 | 16.6 | 16.7 | 14.5 |
|
Provision (Increase)/Reversal
|
0.0 | -3.6 | 8.1 | 0.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-233.5 | -185.6 | -44.0 | 0.0 | 0.0 |
|
Interest Expense
|
176.5 | 157.8 | 62.2 | 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
|
21.3 | 41.1 | 190.9 | 87.5 | 47.4 |
|
Increase/(Decrease) in Receivables
|
-76.2 | -536.9 | -440.3 | 0.0 | 0.0 |
|
Increase/(Decrease) in Inventory
|
61.7 | -137.5 | -155.8 | 0.0 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
-26.8 | 172.0 | -13.5 | 0.0 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
17.0 | 3.7 | -49.5 | 0.0 | 0.0 |
|
Changes in Trading Securities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Paid
|
-177.4 | -158.2 | -61.2 | 0.0 | 0.0 |
|
Corporate Income Tax Paid
|
-9.6 | -26.9 | -13.1 | 0.0 | 0.0 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-0.5 | -1.1 | -0.7 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
-190.5 | -643.8 | -543.3 | -138.4 | 112.2 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-31.9 | -60.6 | -61.8 | -23.7 | -27.0 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
12.7 | 7.5 | 8.8 | 11.1 | 13.1 |
|
Loans and Purchases of Debt Instruments
|
-41.0 | 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 |
|
Investments in Other Entities
|
-128.3 | -326.0 | -67.9 | -5.0 | -56.5 |
|
Proceeds from Investments in Other Entities
|
183.8 | 36.5 | 30.6 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
124.4 | 39.7 | 9.8 | 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
|
119.7 | -302.9 | -80.6 | -17.6 | -31.3 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 57.0 | 0.0 | 227.6 | 0.0 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
7,701.8 | 7,068.3 | 4,655.5 | 3,538.0 | 4,201.8 |
|
Repayment of Borrowings
|
-7,618.7 | -6,192.0 | -4,011.9 | -3,593.6 | -4,272.9 |
|
Repayment of Finance Leases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-4.5 | -0.0 | -0.7 | 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
|
78.6 | 933.3 | 642.9 | 172.0 | -71.1 |
|
Net Cash Flow During the Period
|
7.8 | -13.4 | 19.1 | 3.4 | 7.6 |
|
Cash and Cash Equivalents at Beginning of Period
|
61.2 | 74.5 | 55.5 | 39.6 | 29.7 |
|
FX Difference from Revaluation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
69.0 | 61.2 | 74.5 | 55.5 | 39.6 |
| 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
|
2,510.6 | 2,070.5 | 2,225.7 | 2,116.7 | 2,910.3 | 2,204.1 | 1,870.4 | 1,553.3 | 2,305.8 | 1,773.0 | 1,637.1 | 1,669.3 |
|
Revenue Deductions
|
100.1 | 130.6 | 140.9 | 106.1 | 139.5 | 127.2 | 51.7 | 48.4 | 111.5 | 80.3 | 50.9 | 42.5 |
|
Net Revenue
|
2,410.5 | 1,939.9 | 2,084.8 | 2,010.5 | 2,770.7 | 2,076.9 | 1,818.7 | 1,504.9 | 2,194.4 | 1,692.7 | 1,586.2 | 1,626.9 |
|
Cost of Goods Sold
|
2,332.6 | 1,813.8 | 1,956.7 | 1,892.9 | 2,601.2 | 1,951.7 | 1,723.2 | 1,433.9 | 2,051.5 | 1,612.2 | 1,497.2 | 1,527.6 |
|
Gross Profit
|
77.9 | 126.1 | 128.1 | 117.7 | 169.5 | 125.2 | 95.5 | 71.0 | 142.9 | 80.5 | 89.0 | 99.3 |
|
Financial Income
|
106.4 | 37.3 | 34.7 | 35.7 | 53.1 | 37.1 | 44.4 | 91.3 | 50.2 | 72.3 | 29.4 | 32.6 |
|
Financial Expenses
|
44.2 | 46.0 | 52.3 | 46.6 | 47.3 | 44.5 | 43.2 | 41.8 | 46.6 | 41.2 | 35.2 | 34.8 |
|
Interest Expense
|
57.7 | 40.2 | 49.8 | 41.4 | 47.1 | 44.5 | 43.2 | 41.8 | 46.6 | 41.2 | 35.2 | 34.8 |
|
Share of Associates and Joint Ventures
|
-0.3 | -0.1 | 0.5 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Selling Expenses
|
87.8 | 83.3 | 107.5 | 88.3 | 104.4 | 82.3 | 71.9 | 85.6 | 112.6 | 66.0 | 62.6 | 63.6 |
|
General and Administrative Expenses
|
54.3 | 32.9 | 40.9 | 35.3 | 36.4 | 34.4 | 36.4 | 33.2 | 32.7 | 30.3 | 23.5 | 26.8 |
|
Operating Profit
|
-2.3 | 1.1 | -37.4 | -16.8 | 34.5 | 1.1 | -11.6 | 1.7 | 1.2 | 15.3 | -2.8 | 6.7 |
|
Other Income
|
24.8 | 2.8 | 42.3 | 19.9 | 13.3 | 3.7 | 13.7 | 6.9 | 8.2 | 11.2 | 9.2 | 7.6 |
|
Other Expenses
|
3.3 | 2.9 | 1.4 | 0.3 | 2.7 | 1.2 | 0.7 | 0.8 | 1.1 | 0.1 | 0.3 | 0.7 |
|
Other Profit
|
21.5 | -0.1 | 40.9 | 19.7 | 10.6 | 2.5 | 13.0 | 6.1 | 7.1 | 11.1 | 8.9 | 7.0 |
|
Profit Before Tax
|
19.1 | 1.0 | 3.5 | 2.9 | 45.1 | 3.6 | 1.4 | 7.8 | 8.3 | 26.5 | 6.1 | 13.7 |
|
Current Income Tax Expense
|
11.1 | 0.0 | 0.0 | 0.0 | 6.0 | 1.1 | -1.0 | 1.0 | 1.3 | 1.4 | 3.1 | 2.5 |
|
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
|
8.1 | 1.0 | 3.5 | 2.9 | 39.1 | 2.5 | 2.3 | 6.8 | 6.9 | 25.1 | 3.0 | 11.2 |
|
Non-controlling Interest
|
0.0 | 0.8 | 1.5 | 0.7 | 2.7 | 0.5 | -0.8 | -0.9 | 1.0 | 2.3 | -0.7 | 0.5 |
|
Profit Attributable to Parent
|
8.0 | 0.2 | 2.0 | 2.2 | 36.4 | 2.0 | 3.1 | 7.7 | 6.0 | 22.8 | 3.6 | 10.7 |
|
Earnings per Share
|
84.00 | 3.00 | 21.00 | 23.00 | 405.00 | 23.00 | 35.00 | 87.00 | 69.00 | 290.00 | 48.00 | 141.00 |
|
Diluted EPS
|
84.00 | 3.00 | 21.00 | 23.00 | 552.00 | 23.00 | 35.00 | 87.00 | 69.00 | 290.00 | 48.00 | 141.00 |
| 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)
|
2,947.4 | 3,031.3 | 3,030.6 | 3,093.3 | 2,808.3 | 2,758.1 | 2,518.4 | 2,482.5 | 2,693.7 | 2,326.0 | 2,343.4 | 1,825.3 |
|
I. Cash and cash equivalents
|
165.6 | 88.9 | 68.8 | 23.1 | 69.0 | 56.5 | 45.1 | 34.7 | 61.2 | 38.1 | 64.3 | 20.6 |
|
1. Cash
|
97.9 | 88.9 | 68.8 | 23.1 | 69.0 | 56.5 | 45.1 | 34.7 | 61.2 | 38.1 | 64.3 | 20.6 |
|
2. Cash equivalents
|
67.8 | 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
|
10.4 | 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
|
10.4 | 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
|
1,855.6 | 2,005.9 | 2,103.1 | 2,390.4 | 2,106.8 | 2,101.1 | 1,967.9 | 1,953.0 | 1,984.2 | 1,772.5 | 1,691.0 | 1,322.7 |
|
1. Short-term trade accounts receivable
|
914.6 | 1,035.4 | 1,011.1 | 1,220.2 | 804.1 | 957.3 | 852.4 | 867.7 | 1,080.2 | 970.7 | 818.0 | 621.0 |
|
2. Short-term prepayments to suppliers
|
366.6 | 273.5 | 397.5 | 340.8 | 313.4 | 230.1 | 231.9 | 224.1 | 224.6 | 178.8 | 316.5 | 177.1 |
|
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
|
47.6 | 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
|
526.7 | 696.8 | 694.3 | 829.3 | 989.1 | 913.6 | 883.4 | 861.1 | 679.3 | 622.9 | 556.3 | 524.4 |
|
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
|
0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
|
IV. Inventories
|
882.2 | 890.1 | 819.6 | 656.9 | 613.5 | 575.6 | 482.6 | 465.7 | 613.9 | 470.8 | 537.0 | 449.8 |
|
1. Inventories
|
885.5 | 895.0 | 824.5 | 661.9 | 618.5 | 580.6 | 487.5 | 470.6 | 618.9 | 475.8 | 542.0 | 454.7 |
|
2. Provision for decline in value of inventories
|
-3.4 | -4.9 | -4.9 | -4.9 | -4.9 | -4.9 | -4.9 | -4.9 | -4.9 | -4.9 | -4.9 | -4.9 |
|
V. Other short-term assets
|
33.6 | 46.5 | 39.2 | 23.0 | 19.0 | 24.8 | 22.9 | 29.1 | 34.3 | 44.6 | 51.1 | 32.3 |
|
1. Short-term prepayments
|
7.9 | 12.7 | 13.8 | 11.9 | 9.8 | 11.9 | 17.2 | 18.3 | 11.8 | 33.0 | 31.9 | 19.8 |
|
2. Value added tax to be reclaimed
|
25.6 | 32.8 | 24.5 | 10.1 | 8.6 | 12.8 | 5.0 | 9.9 | 22.5 | 11.6 | 19.1 | 12.3 |
|
3. Taxes and other receivables from state authorities
|
0.2 | 1.0 | 0.9 | 0.9 | 0.6 | 0.0 | 0.7 | 0.8 | 0.0 | 0.0 | 0.0 | 0.1 |
|
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)
|
1,002.8 | 1,084.6 | 1,108.5 | 1,125.3 | 1,111.0 | 1,127.8 | 1,020.1 | 1,042.2 | 1,047.6 | 1,130.6 | 800.8 | 795.7 |
|
I. Long-term receivables
|
311.7 | 347.4 | 367.9 | 369.0 | 372.6 | 445.7 | 342.7 | 345.7 | 292.7 | 430.4 | 364.9 | 366.8 |
|
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 | 10.3 | 9.9 | 12.5 |
|
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
|
311.7 | 347.4 | 367.9 | 369.0 | 372.6 | 445.7 | 342.7 | 345.7 | 292.7 | 420.2 | 355.0 | 354.3 |
|
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
|
237.7 | 226.7 | 227.8 | 208.3 | 214.8 | 201.2 | 195.9 | 194.6 | 189.8 | 170.8 | 166.8 | 170.5 |
|
1. Tangible fixed assets
|
129.0 | 117.7 | 118.4 | 116.3 | 122.6 | 108.6 | 103.0 | 104.7 | 100.0 | 83.8 | 79.7 | 83.1 |
|
- Cost
|
218.4 | 206.4 | 202.9 | 206.2 | 208.8 | 190.0 | 179.3 | 178.5 | 172.6 | 155.4 | 148.2 | 147.6 |
|
- Accumulated depreciation
|
-89.4 | -88.7 | -84.5 | -89.9 | -86.2 | -81.4 | -76.3 | -73.8 | -72.5 | -71.6 | -68.5 | -64.5 |
|
2. Financial leased fixed assets
|
4.8 | 5.0 | 5.2 | 5.3 | 5.5 | 5.9 | 6.0 | 2.8 | 2.8 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
6.1 | 6.1 | 6.1 | 6.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-1.4 | -1.2 | -1.0 | -0.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
103.9 | 104.0 | 104.3 | 86.6 | 86.7 | 86.6 | 86.9 | 87.1 | 87.0 | 87.0 | 87.2 | 87.4 |
|
- Cost
|
108.2 | 108.1 | 108.1 | 90.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-4.2 | -4.0 | -3.8 | -3.6 | 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
|
1.3 | 10.7 | 7.4 | 38.1 | 37.5 | 36.6 | 36.5 | 34.8 | 41.9 | 46.0 | 42.8 | 27.5 |
|
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
|
1.3 | 10.7 | 7.4 | 38.1 | 37.5 | 36.6 | 36.5 | 34.8 | 41.9 | 46.0 | 42.8 | 27.5 |
|
V. Long-term financial investments
|
372.6 | 415.2 | 415.3 | 414.8 | 385.1 | 342.2 | 342.2 | 358.2 | 408.4 | 382.4 | 115.9 | 115.9 |
|
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
|
26.1 | 26.4 | 26.5 | 26.0 | 26.0 | 26.0 | 26.0 | 26.0 | 26.0 | 0.0 | 0.0 | 0.0 |
|
3. Investments in other entities
|
245.6 | 140.9 | 140.9 | 140.9 | 140.9 | 138.8 | 138.8 | 154.8 | 205.0 | 205.0 | 85.5 | 85.5 |
|
4. Provision for diminution in value of long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | -0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
100.9 | 247.9 | 247.9 | 247.9 | 218.4 | 177.4 | 177.4 | 177.4 | 177.4 | 177.4 | 30.4 | 30.4 |
|
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
|
79.6 | 84.5 | 90.0 | 95.2 | 100.9 | 102.1 | 102.8 | 21.1 | 23.3 | 6.0 | 11.9 | 13.8 |
|
1. Long-term prepayments
|
16.5 | 18.0 | 19.9 | 21.5 | 23.7 | 21.4 | 18.5 | 21.1 | 23.3 | 6.0 | 11.9 | 13.8 |
|
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
|
63.1 | 66.6 | 70.1 | 73.7 | 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 | 77.2 | 80.7 | 84.3 | 87.8 | 91.4 | 94.9 | 98.4 | 101.2 |
|
TOTAL ASSETS (280=100+200)
|
3,950.2 | 4,115.9 | 4,139.1 | 4,218.7 | 3,919.3 | 3,885.8 | 3,538.5 | 3,524.7 | 3,741.2 | 3,456.6 | 3,144.2 | 2,621.0 |
|
A. LIABILITIES (300=210+330)
|
2,865.4 | 2,991.3 | 3,011.1 | 3,093.2 | 2,798.0 | 2,805.4 | 2,460.7 | 2,442.6 | 2,664.4 | 2,396.2 | 2,210.0 | 1,685.0 |
|
I. Short -term liabilities
|
2,618.1 | 2,699.4 | 2,675.9 | 2,758.2 | 2,360.8 | 2,522.0 | 2,182.7 | 2,096.4 | 2,301.9 | 1,960.8 | 2,074.5 | 1,549.2 |
|
1. Short-term trade accounts payable
|
155.9 | 285.2 | 291.7 | 385.7 | 188.7 | 317.8 | 199.2 | 241.3 | 281.1 | 168.0 | 234.4 | 77.6 |
|
2. Short-term advances from customers
|
72.3 | 106.5 | 110.4 | 75.8 | 62.5 | 50.2 | 67.7 | 70.3 | 76.2 | 26.4 | 57.8 | 39.3 |
|
3. Taxes and other payables to state authorities
|
15.3 | 4.1 | 2.4 | 4.6 | 12.8 | 3.8 | 0.7 | 2.6 | 9.4 | 7.0 | 5.7 | 6.9 |
|
4. Payable to employees
|
16.8 | 12.2 | 13.0 | 2.3 | 15.4 | 11.6 | 11.5 | 9.3 | 12.3 | -0.2 | 1.2 | 3.3 |
|
5. Short-term acrrued expenses
|
14.7 | 24.9 | 25.9 | 23.9 | 15.8 | 18.6 | 13.3 | 11.6 | 8.8 | 10.8 | 7.9 | 12.9 |
|
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
|
0.5 | 0.5 | 0.5 | 0.5 | 5.8 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | 0.1 |
|
9. Other short-term payables
|
66.7 | 81.2 | 66.1 | 87.8 | 76.9 | 31.2 | 38.1 | 58.2 | 53.9 | 60.2 | 82.9 | 69.5 |
|
10. Short-term borrowings and financial leases
|
2,275.0 | 2,183.8 | 2,164.7 | 2,176.5 | 1,981.8 | 2,087.2 | 1,850.5 | 1,701.4 | 1,858.3 | 1,686.9 | 1,682.9 | 1,337.6 |
|
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
|
1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.2 | 1.3 | 1.3 | 1.5 | 1.5 | 1.6 | 2.0 |
|
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
|
247.3 | 291.9 | 335.2 | 335.0 | 437.2 | 283.4 | 278.1 | 346.2 | 362.5 | 435.4 | 135.6 | 135.8 |
|
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
|
6.0 | 16.3 | 16.8 | 18.4 | 15.6 | 15.8 | 13.4 | 11.7 | 33.0 | 300.0 | 0.0 | 0.0 |
|
8. Long-term borrowings and financial leases
|
241.4 | 275.6 | 318.4 | 316.6 | 421.6 | 267.6 | 264.7 | 334.5 | 329.5 | 135.4 | 135.6 | 135.8 |
|
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
|
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. 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)
|
1,084.8 | 1,124.6 | 1,128.0 | 1,125.4 | 1,121.4 | 1,080.4 | 1,077.8 | 1,082.1 | 1,076.8 | 1,060.4 | 934.2 | 936.0 |
|
I. Owner's equity
|
1,084.8 | 1,124.6 | 1,128.0 | 1,125.4 | 1,121.4 | 1,080.4 | 1,077.8 | 1,082.1 | 1,076.8 | 1,060.4 | 934.2 | 936.0 |
|
1. Owner's capital
|
956.5 | 956.5 | 956.5 | 956.5 | 956.5 | 894.0 | 894.0 | 894.0 | 894.0 | 798.2 | 760.2 | 760.2 |
|
- Common stock with voting right
|
956.5 | 956.5 | 956.5 | 956.5 | 956.5 | 894.0 | 894.0 | 894.0 | 894.0 | 798.2 | 760.2 | 760.2 |
|
- 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
|
19.0 | 19.0 | 19.0 | 19.0 | 19.0 | 19.0 | 19.0 | 19.0 | 19.0 | 19.0 | 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
|
4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 |
|
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
|
1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 |
|
11. Undistributed earnings after tax
|
19.5 | 59.3 | 61.4 | 59.4 | 56.0 | 82.1 | 79.9 | 76.9 | 75.4 | 165.2 | 142.4 | 138.8 |
|
- Accumulated retained earning at the end of the previous period
|
9.3 | 57.1 | 57.1 | 57.1 | 6.6 | 69.0 | 69.1 | 69.2 | 32.3 | 128.1 | 128.1 | 128.1 |
|
- Undistributed earnings in this period
|
10.2 | 2.1 | 4.2 | 2.2 | 49.4 | 13.0 | 10.8 | 7.7 | 43.1 | 37.1 | 14.3 | 10.7 |
|
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
|
84.2 | 84.2 | 85.6 | 84.9 | 84.2 | 79.8 | 79.3 | 86.6 | 82.9 | 72.4 | 26.0 | 31.5 |
|
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)
|
3,950.2 | 4,115.9 | 4,139.1 | 4,218.7 | 3,919.3 | 3,885.8 | 3,538.5 | 3,524.7 | 3,741.2 | 3,456.6 | 3,144.2 | 2,621.0 |
| 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
|
19.1 | 1.0 | 1.2 | 2.9 | 45.1 | 3.6 | 1.5 | 7.8 | 7.7 | 26.5 | 6.1 | 13.7 |
|
Depreciation of Fixed Assets and Investment Property
|
9.9 | 9.4 | 12.7 | 6.2 | 7.8 | 5.4 | 5.0 | 5.0 | 4.9 | 4.7 | 4.4 | 4.6 |
|
Provision (Increase)/Reversal
|
-1.6 | 0.0 | 0.0 | 0.0 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -3.6 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-123.8 | -38.5 | -37.0 | -36.3 | -54.3 | -37.1 | -45.6 | -93.3 | -51.2 | -72.6 | -29.3 | -32.5 |
|
Interest Expense
|
57.7 | 40.2 | 49.8 | 41.4 | 47.1 | 44.5 | 43.2 | 41.8 | 46.6 | 41.2 | 35.2 | 34.8 |
|
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
|
-38.7 | 12.2 | 26.7 | 14.2 | 45.9 | 16.4 | 4.1 | -38.7 | 8.0 | -0.2 | 16.3 | 17.0 |
|
Increase/(Decrease) in Receivables
|
241.6 | 127.8 | 265.0 | -280.3 | 14.4 | -206.6 | -16.4 | 56.4 | 41.5 | -120.7 | -323.8 | -133.9 |
|
Increase/(Decrease) in Inventory
|
9.5 | -70.5 | -162.6 | -43.0 | -37.9 | -93.1 | -16.9 | 148.2 | -143.1 | 66.2 | -87.3 | 26.7 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
-194.0 | 2.0 | -62.5 | 218.8 | -85.3 | 110.1 | -41.0 | 3.5 | -205.3 | 281.0 | 155.4 | -59.2 |
|
Increase/(Decrease) in Prepaid Expenses
|
6.2 | 3.0 | -3.4 | 5.6 | 3.3 | 5.9 | 7.2 | -1.1 | 7.7 | 8.4 | -7.5 | -4.9 |
|
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
|
-57.7 | -43.3 | -55.5 | -45.1 | -48.8 | -40.0 | -51.8 | -34.1 | -46.7 | -41.1 | -36.6 | -33.8 |
|
Corporate Income Tax Paid
|
0.0 | -0.7 | -1.2 | -6.7 | -1.0 | 0.0 | -0.8 | -8.7 | -0.4 | -2.5 | -1.5 | -22.4 |
|
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 | -0.2 | -0.0 | -0.0 | -0.2 | -0.0 | -0.1 | -0.4 | -0.6 |
|
Net Cash Flow from Operating Activities
|
-33.1 | 30.5 | 6.6 | -136.6 | -109.6 | -207.2 | -115.7 | 125.4 | -338.3 | 191.1 | -285.4 | -211.2 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-17.0 | -10.4 | -12.4 | -2.0 | 1.3 | -25.1 | -13.6 | -3.8 | -26.2 | -12.6 | -16.5 | -5.3 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
26.8 | 3.6 | 19.3 | 2.4 | 5.6 | 0.0 | 3.8 | 3.2 | 5.4 | 1.0 | 0.5 | 0.6 |
|
Loans and Purchases of Debt Instruments
|
89.0 | 0.0 | 0.0 | 0.0 | -32.0 | 0.0 | -9.0 | 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 | 0.0 |
|
Investments in Other Entities
|
-104.6 | 0.0 | 0.0 | 0.0 | -16.2 | 0.0 | 0.0 | 0.0 | -26.0 | -300.0 | 0.0 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.0 | 114.4 | 0.0 | 69.4 | 0.0 | 3.0 | 33.5 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
106.4 | 20.2 | 42.2 | 0.4 | 0.4 | 0.4 | 0.4 | 0.7 | 39.6 | 0.0 | 0.0 | 0.0 |
|
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
|
100.6 | 13.4 | 49.1 | 0.8 | 73.5 | -24.7 | 51.1 | -0.0 | -4.2 | -278.1 | -16.0 | -4.7 |
|
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 | 57.0 | 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
|
56.9 | 1,530.9 | 1,815.0 | 1,663.0 | 2,632.1 | 2,017.3 | 1,877.2 | 1,308.8 | 2,387.9 | 1,530.7 | 1,727.9 | 1,421.6 |
|
Repayment of Borrowings
|
0.0 | -1,554.2 | -1,824.6 | -1,572.8 | -2,583.2 | -1,773.6 | -1,799.5 | -1,460.7 | -2,022.4 | -1,527.0 | -1,382.8 | -1,259.8 |
|
Repayment of Finance Leases
|
0.0 | -0.3 | -0.3 | -0.3 | -0.3 | -0.3 | -2.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-47.7 | -0.2 | 0.0 | 0.0 | -0.0 | 0.0 | -0.6 | 0.0 | -0.0 | 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
|
9.2 | -23.8 | -9.9 | 89.8 | 48.6 | 243.3 | 74.9 | -151.9 | 365.6 | 60.8 | 345.1 | 161.8 |
|
Net Cash Flow During the Period
|
76.7 | 20.1 | 45.7 | -46.0 | 12.5 | 11.4 | 10.3 | -26.5 | 23.1 | -26.3 | 43.8 | -54.0 |
|
Cash and Cash Equivalents at Beginning of Period
|
88.9 | 68.8 | 23.1 | 69.0 | 61.2 | 61.2 | 61.2 | 61.2 | 74.5 | 74.5 | 74.5 | 74.5 |
|
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
|
165.6 | 88.9 | 68.8 | 23.1 | 69.0 | 56.5 | 45.1 | 34.7 | 61.2 | 38.1 | 64.3 | 20.6 |
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