MML
Listed Company · UPCOM
Price
32,200
Latest close
03 Apr 2026
P/E
18.9x
EPS
(TTM)
1,707
ROE
(TTM)
11.6%
P/B
2.1x
BVPS
(Latest)
15,282
ROA
(TTM)
5.0%
What Is Changing
MML no longer looks like a business simply rebounding from a weak base. Revenue posted +20.7% YoY, while net margin reached 6.71% with an additional +6.4pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Margin expanded consistently from -7.73% in 2023 to 6.71% in 2025.
- Net Income recovered 2342.0% to VND 619.0bn in 2025.
- Revenue growth accelerated to 20.7% in 2025, up 11.1pp versus the prior year.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 9,230.1 | 7,649.7 | 6,984.4 | 4,784.6 | 18,878.6 |
| Growth | +21% | +10% | +46% | -75% | — |
| Net Income | 619.0 | 25.3 | -539.9 | -233.8 | 1,261.4 |
| Net Margin | 6.71% | 0.33% | -7.73% | -4.89% | 6.68% |
| 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 | 2,436.6 | 2,384.1 | 2,339.7 | 2,069.8 | 2,204.0 | 1,935.7 | 1,790.5 | 1,719.6 | 1,777.7 | 1,903.5 | 1,703.1 | 1,600.2 |
| Growth | +2% | +2% | +13% | -6% | +14% | +8% | +4% | -3% | -7% | +12% | +6% | — |
| Net Income | 153.2 | 101.5 | 248.7 | 115.7 | 85.3 | 19.5 | -32.3 | -47.2 | -106.4 | -85.8 | -179.3 | -168.3 |
| Net Margin | 6.29% | 4.26% | 10.63% | 5.59% | 3.87% | 1.01% | -1.80% | -2.74% | -5.99% | -4.51% | -10.53% | -10.52% |
Financial Statements
Profitability
Net margin reached 6.71% while Revenue posted +20.7% YoY.
Balance Sheet
Inventory stood at 844.5bn, liabilities at 6,167.0bn, and equity at 5,200.7bn.
Cash Flow
Operating cash flow was 543.3bn in 2025, while investing cash flow was -33.6bn.
Financing cash flow: -455.1bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
9,571.4 | 7,820.6 | 7,036.6 | 4,821.9 | 19,820.7 |
|
Revenue Deductions
|
341.3 | 170.9 | 52.1 | 37.3 | 0.0 |
|
Net Revenue
|
9,230.1 | 7,649.7 | 6,984.4 | 4,784.6 | 18,878.6 |
|
Cost of Goods Sold
|
6,648.6 | 5,688.0 | 5,931.8 | 4,440.3 | 0.0 |
|
Gross Profit
|
2,581.5 | 1,961.7 | 1,052.6 | 344.2 | 2,300.5 |
|
Financial Income
|
467.2 | 245.8 | 224.3 | 633.2 | 1,520.6 |
|
Financial Expenses
|
348.2 | 401.8 | 526.6 | 409.6 | -570.3 |
|
Interest Expense
|
327.6 | 376.5 | 507.8 | 396.1 | -489.5 |
|
Share of Associates and Joint Ventures
|
— | 0.0 | 1.8 | 0.0 | 0.4 |
|
Selling Expenses
|
1,777.8 | 1,427.7 | 969.8 | 438.8 | -871.1 |
|
General and Administrative Expenses
|
295.3 | 366.2 | 307.0 | 361.4 | -748.5 |
|
Operating Profit
|
627.4 | 11.7 | -524.7 | -232.4 | 1,631.7 |
|
Other Income
|
1.3 | 18.7 | 10.2 | 7.3 | 0.0 |
|
Other Expenses
|
5.0 | 7.7 | 27.3 | 10.9 | 0.0 |
|
Other Profit
|
-3.6 | 11.0 | -17.0 | -3.7 | 74.7 |
|
Profit Before Tax
|
623.7 | 22.7 | -541.8 | -236.0 | 1,706.3 |
|
Current Income Tax Expense
|
12.6 | 14.2 | 10.6 | -1.0 | -445.0 |
|
Deferred Income Tax Expense
|
-7.8 | -16.8 | -12.5 | -1.3 | 0.0 |
|
Net Income
|
619.0 | 25.3 | -539.9 | -233.8 | 1,261.4 |
|
Non-controlling Interest
|
55.9 | -1.7 | -154.3 | -88.5 | -78.0 |
|
Profit Attributable to Parent
|
563.0 | 27.0 | -385.5 | -145.3 | 1,339.4 |
|
Earnings per Share
|
1,692.00 | 83.00 | -1,178.00 | -444.00 | 4,098.00 |
|
Diluted EPS
|
1,654.41 | 82.18 | -1,178.44 | -444.01 | 4,096.29 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
2,202.6 | 1,752.9 | 4,751.4 | 3,975.4 | 4,341.7 |
|
I. Cash and cash equivalents
|
245.1 | 190.5 | 206.5 | 435.8 | 214.9 |
|
1. Cash
|
68.6 | 45.3 | 128.5 | 175.8 | 0.0 |
|
2. Cash equivalents
|
176.5 | 145.2 | 78.0 | 260.0 | 0.0 |
|
II. Short-term financial investments
|
72.6 | 0.0 | 0.0 | 2.5 | 0.0 |
|
1. Available for sale securities
|
— | 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 |
|
3. Held to maturity investments
|
72.6 | 0.0 | 0.0 | 2.5 | 0.0 |
|
III. Short-term receivables
|
672.5 | 538.2 | 3,598.1 | 2,508.0 | 3,061.3 |
|
1. Short-term trade accounts receivable
|
653.9 | 515.7 | 575.4 | 360.8 | 0.0 |
|
2. Short-term prepayments to suppliers
|
16.0 | 9.6 | 47.4 | 17.9 | 0.0 |
|
3. Short-term inter-company receivables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term loan receivables
|
— | 0.0 | 2,757.4 | 2,061.2 | 0.0 |
|
6. Other short-term receivables
|
34.1 | 45.1 | 243.9 | 100.6 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
-31.5 | -32.2 | -26.0 | -32.5 | 0.0 |
|
8. Assets awaiting resolution
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
844.5 | 678.8 | 643.1 | 713.2 | 579.8 |
|
1. Inventories
|
884.7 | 709.5 | 681.6 | 756.9 | 0.0 |
|
2. Provision for decline in value of inventories
|
-40.2 | -30.7 | -38.5 | -43.7 | 0.0 |
|
V. Other short-term assets
|
367.9 | 345.4 | 303.7 | 316.0 | 229.4 |
|
1. Short-term prepayments
|
127.5 | 115.1 | 103.9 | 121.5 | 0.0 |
|
2. Value added tax to be reclaimed
|
238.8 | 225.6 | 199.8 | 194.3 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
1.6 | 4.7 | 0.0 | 0.1 | 0.0 |
|
4. Government bonds
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
9,165.0 | 9,475.6 | 7,981.4 | 9,371.0 | 7,529.4 |
|
I. Long-term receivables
|
1,997.1 | 1,947.6 | 23.0 | 1,017.8 | 0.0 |
|
1. Long-term trade receivables
|
— | 0.0 | 0.0 | 0.0 | 31.7 |
|
2. Long-term prepayments to suppliers
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
1,835.0 | 1,921.0 | 0.0 | 985.0 | 0.0 |
|
6. Other long-term receivables
|
162.1 | 26.6 | 23.0 | 32.8 | 0.0 |
|
7. Provision for long-term doubtful debts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
4,415.1 | 4,752.8 | 5,147.1 | 5,369.7 | 4,208.0 |
|
1. Tangible fixed assets
|
4,024.1 | 4,311.6 | 4,586.2 | 4,740.2 | 3,693.9 |
|
- Cost
|
5,737.4 | 5,689.2 | 5,654.3 | 5,457.6 | 0.0 |
|
- Accumulated depreciation
|
-1,713.3 | -1,377.6 | -1,068.1 | -717.3 | 0.0 |
|
2. Financial leased fixed assets
|
204.1 | 222.7 | 310.9 | 349.3 | 209.6 |
|
- Cost
|
277.9 | 277.9 | 377.3 | 405.7 | 0.0 |
|
- Accumulated depreciation
|
-73.8 | -55.2 | -66.5 | -56.4 | 0.0 |
|
3. Intangible fixed assets
|
186.9 | 218.4 | 250.0 | 280.2 | 304.5 |
|
- Cost
|
344.8 | 344.8 | 344.8 | 346.0 | 0.0 |
|
- Accumulated depreciation
|
-157.9 | -126.3 | -94.8 | -65.8 | 0.0 |
|
III. Investment properties
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
23.4 | 22.4 | 16.4 | 148.3 | 443.7 |
|
1. Long-term production in progress
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
23.4 | 22.4 | 16.4 | 148.3 | 0.0 |
|
V. Long-term financial investments
|
2,104.0 | 2,114.1 | 2,126.2 | 2,135.5 | 2,135.5 |
|
1. Investments in subsidiaries
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
2,104.0 | 2,114.1 | 2,126.2 | 2,135.5 | 0.0 |
|
3. Investments in other entities
|
— | 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 |
|
5. Held to maturity investments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term investments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
625.4 | 638.7 | 668.7 | 699.7 | 0.0 |
|
1. Long-term prepayments
|
529.8 | 531.4 | 545.5 | 556.1 | 0.0 |
|
2. Deferred income tax assets
|
24.5 | 21.6 | 9.9 | 2.6 | 0.0 |
|
3. Long-term equipment, supplies, spare parts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
— | 0.0 | 0.0 | 0.0 | 710.5 |
|
5. Goodwill
|
71.2 | 85.7 | 113.3 | 141.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
11,367.7 | 11,228.5 | 12,732.8 | 13,346.4 | 11,871.0 |
|
A. LIABILITIES (300=210+330)
|
6,167.0 | 6,759.4 | 7,649.2 | 7,722.9 | 6,119.9 |
|
I. Short -term liabilities
|
5,242.5 | 3,245.1 | 3,460.8 | 3,097.7 | 2,522.8 |
|
1. Short-term trade accounts payable
|
771.6 | 635.8 | 489.1 | 783.8 | 550.3 |
|
2. Short-term advances from customers
|
7.8 | 6.6 | 7.6 | 6.2 | 3.6 |
|
3. Taxes and other payables to state authorities
|
25.4 | 16.5 | 27.5 | 14.3 | 0.0 |
|
4. Payable to employees
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term acrrued expenses
|
841.9 | 704.3 | 447.5 | 316.8 | 0.0 |
|
6. Short-term inter-company payables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Construction contract progress payments due to suppliers
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Short-term unearned revenue
|
— | 0.0 | 0.0 | 0.0 | 1.3 |
|
9. Other short-term payables
|
52.9 | 140.4 | 426.2 | 67.8 | 0.0 |
|
10. Short-term borrowings and financial leases
|
3,542.0 | 1,740.5 | 2,062.0 | 1,907.8 | 1,694.4 |
|
11. Provision for short-term liabilities
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
1.0 | 1.0 | 1.0 | 1.0 | 0.0 |
|
13. Price stabilization fund
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Government bonds
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Long-term liabilities
|
924.5 | 3,514.3 | 4,188.4 | 4,625.1 | 3,597.1 |
|
1. Long-term trade payables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Inter-company payables on business capital
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term inter-company payables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Long-term unearned revenue
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Other long-term liabilities
|
43.9 | 267.1 | 384.6 | 800.9 | 0.0 |
|
8. Long-term borrowings and financial leases
|
546.3 | 2,907.6 | 3,463.5 | 3,479.1 | 3,242.0 |
|
9. Convertible bonds
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
323.5 | 328.6 | 333.6 | 338.8 | 0.0 |
|
12. Provision for long-term liabilities
|
10.7 | 11.1 | 6.7 | 6.4 | 0.0 |
|
13. Fund for technology development
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Provision for severance allowances
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. OWNER'S EQUITY (400=410+430)
|
5,200.7 | 4,469.1 | 5,083.6 | 5,623.5 | 5,751.2 |
|
I. Owner's equity
|
5,200.7 | 4,469.1 | 5,083.6 | 5,623.5 | 0.0 |
|
1. Owner's capital
|
3,403.2 | 3,290.5 | 3,271.3 | 3,271.3 | 5,751.2 |
|
- Common stock with voting right
|
3,403.2 | 3,290.5 | 3,271.3 | 3,271.3 | 3,269.9 |
|
- Preferred stock
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
2,137.1 | 2,137.1 | 2,126.2 | 2,126.2 | 2,119.0 |
|
3. Convertible bond option
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Treasury shares
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Assets revaluation differences
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Foreign exchange differences
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Fund to support corporate restructuring
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
-478.8 | -1,041.8 | -398.9 | -13.4 | 131.9 |
|
- Accumulated retained earning at the end of the previous period
|
-1,041.8 | -398.9 | -13.4 | 131.9 | 0.0 |
|
- Undistributed earnings in this period
|
563.0 | -642.9 | -385.5 | -145.3 | 131.9 |
|
12. Reserves for investment in construction
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
139.3 | 83.3 | 85.0 | 239.4 | 230.4 |
|
14. Financial reserves
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Other resources and funds
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Subsidized not-for-profit funds
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Funds invested in fixed assets
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
C. MINORITY'S INTEREST
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
11,367.7 | 11,228.5 | 12,732.8 | 13,346.4 | 11,871.0 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Profit Before Tax
|
623.7 | 22.7 | -541.8 | -236.0 | 1,698.6 |
|
Depreciation of Fixed Assets and Investment Property
|
407.5 | 422.9 | 431.1 | 336.8 | 751.2 |
|
Provision (Increase)/Reversal
|
33.9 | 8.4 | -0.9 | 5.1 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-0.1 | -0.0 | 0.1 | -0.2 | 0.0 |
|
Gain/Loss from Investment Activities
|
-138.3 | -152.3 | -145.9 | -189.7 | 0.0 |
|
Interest Expense
|
334.8 | 387.1 | 514.9 | 403.2 | 0.0 |
|
Gain/Loss on Disposal of Fixed Assets
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Income and Dividends
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Amortization of Goodwill
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Adjustments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
1,261.5 | 688.8 | 257.6 | 319.2 | 1,451.4 |
|
Increase/(Decrease) in Receivables
|
-137.4 | 16.9 | -204.3 | 285.8 | 0.0 |
|
Increase/(Decrease) in Inventory
|
-260.7 | -32.4 | 68.2 | -51.3 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
-28.2 | 322.1 | -121.1 | 593.0 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
40.9 | 51.4 | 75.2 | 55.5 | 0.0 |
|
Changes in Trading Securities
|
— | 0.0 | 0.0 | 256.2 | 0.0 |
|
Interest Paid
|
-328.7 | -390.2 | -509.0 | -389.2 | 0.0 |
|
Corporate Income Tax Paid
|
-4.1 | -19.7 | -3.5 | -0.4 | 0.0 |
|
Other Operating Receipts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
543.3 | 636.9 | -437.0 | 1,068.7 | 167.0 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-76.7 | -118.7 | -257.3 | -667.4 | -711.1 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
8.2 | 42.7 | 4.0 | 189.7 | 5.9 |
|
Loans and Purchases of Debt Instruments
|
-282.6 | -1,921.0 | -325.0 | -4,475.2 | -11,922.1 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
296.0 | 1,772.4 | 616.3 | 4,089.3 | 9,177.2 |
|
Investments in Other Entities
|
— | 0.0 | 0.0 | 122.6 | -648.1 |
|
Proceeds from Investments in Other Entities
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
21.6 | 344.0 | 38.3 | 220.8 | 0.0 |
|
Increase/(Decrease) in Term Deposits
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-33.6 | 119.3 | 76.3 | -520.2 | -4,811.0 |
|
Proceeds from Equity Issuance and Capital Contributions
|
111.8 | 30.1 | 0.0 | 8.6 | 2.6 |
|
Share Repurchases
|
— | 0.0 | -0.0 | 0.0 | 0.1 |
|
Proceeds from Borrowings
|
5,386.9 | 5,865.7 | 5,646.5 | 4,496.7 | 20,526.5 |
|
Repayment of Borrowings
|
-5,941.6 | -6,653.9 | -5,499.7 | -4,818.9 | -14,101.0 |
|
Repayment of Finance Leases
|
-12.3 | -14.1 | -15.3 | -13.9 | -19.5 |
|
Dividends Paid
|
— | -0.0 | -0.0 | -0.1 | -3,185.2 |
|
Other Financing Receipts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Financing Payments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Financing Activities
|
-455.1 | -772.3 | 131.4 | -327.6 | 3,223.4 |
|
Net Cash Flow During the Period
|
54.6 | -16.0 | -229.3 | 220.9 | -586.7 |
|
Cash and Cash Equivalents at Beginning of Period
|
190.5 | 206.5 | 435.8 | 214.9 | 1,635.8 |
|
FX Difference from Revaluation
|
— | 0.0 | 0.0 | 0.0 | -0.3 |
|
Cash and Cash Equivalents at End of Period
|
245.1 | 190.5 | 206.5 | 435.8 | 214.9 |
| 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
|
2,526.5 | 2,481.0 | 2,428.0 | 2,136.0 | 2,341.8 | 1,946.3 | 1,799.3 | 1,733.2 | 1,793.7 | 1,916.2 | 1,716.3 | 1,610.4 |
|
Revenue Deductions
|
89.9 | 96.9 | 88.3 | 66.2 | 137.8 | 10.6 | 8.8 | 13.6 | 16.0 | 12.7 | 13.2 | 10.2 |
|
Net Revenue
|
2,436.6 | 2,384.1 | 2,339.7 | 2,069.8 | 2,204.0 | 1,935.7 | 1,790.5 | 1,719.6 | 1,777.7 | 1,903.5 | 1,703.1 | 1,600.2 |
|
Cost of Goods Sold
|
1,721.1 | 1,727.7 | 1,701.3 | 1,498.5 | 1,588.0 | 1,417.9 | 1,362.7 | 1,319.3 | 1,459.6 | 1,550.3 | 1,509.3 | 1,412.7 |
|
Gross Profit
|
715.4 | 656.4 | 638.3 | 571.3 | 615.9 | 517.8 | 427.7 | 400.3 | 318.1 | 353.2 | 193.8 | 187.5 |
|
Financial Income
|
46.1 | 45.4 | 233.2 | 142.5 | 61.8 | 63.1 | 60.3 | 60.6 | 38.0 | 60.4 | 62.7 | 63.1 |
|
Financial Expenses
|
84.6 | 86.9 | 88.7 | 88.0 | 98.0 | 96.8 | 99.0 | 108.0 | 119.0 | 133.0 | 143.4 | 131.1 |
|
Interest Expense
|
78.9 | 82.1 | 83.6 | 83.1 | 88.3 | 91.6 | 93.9 | 102.7 | 113.7 | 128.0 | 138.5 | 127.7 |
|
Share of Associates and Joint Ventures
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | -7.7 | 1.2 | 8.2 | 0.0 |
|
Selling Expenses
|
491.0 | 415.0 | 450.0 | 421.7 | 395.4 | 380.6 | 337.4 | 314.4 | 245.7 | 261.1 | 235.4 | 227.6 |
|
General and Administrative Expenses
|
25.7 | 97.2 | 83.9 | 88.4 | 107.3 | 92.0 | 84.9 | 82.0 | 90.9 | 91.5 | 65.7 | 58.9 |
|
Operating Profit
|
160.1 | 102.7 | 248.9 | 115.7 | 77.1 | 11.4 | -33.3 | -43.5 | -107.1 | -70.8 | -179.8 | -167.0 |
|
Other Income
|
0.3 | 0.2 | 0.4 | 0.5 | 0.7 | 16.5 | 0.4 | 1.1 | 4.0 | 1.3 | 4.1 | 0.8 |
|
Other Expenses
|
2.5 | 1.3 | 0.8 | 0.4 | 1.3 | 2.4 | 2.0 | 2.0 | 2.7 | 17.0 | 6.3 | 1.2 |
|
Other Profit
|
-2.2 | -1.2 | -0.4 | 0.1 | -0.6 | 14.0 | -1.5 | -0.9 | 1.3 | -15.7 | -2.3 | -0.4 |
|
Profit Before Tax
|
157.9 | 101.5 | 248.5 | 115.8 | 76.5 | 25.5 | -34.8 | -44.4 | -105.8 | -86.5 | -182.0 | -167.4 |
|
Current Income Tax Expense
|
8.8 | 1.3 | 1.1 | 1.3 | -2.5 | 6.6 | 4.4 | 5.7 | 4.0 | 5.9 | -1.4 | 2.2 |
|
Deferred Income Tax Expense
|
-4.0 | -1.3 | -1.3 | -1.2 | -6.3 | -0.7 | -6.9 | -3.0 | -3.4 | -6.6 | -1.3 | -1.2 |
|
Net Income
|
153.2 | 101.5 | 248.7 | 115.7 | 85.3 | 19.5 | -32.3 | -47.2 | -106.4 | -85.8 | -179.3 | -168.3 |
|
Non-controlling Interest
|
27.9 | 23.4 | 5.4 | -0.8 | -13.5 | 17.5 | -1.3 | -4.4 | -38.6 | -14.1 | -54.6 | -47.1 |
|
Profit Attributable to Parent
|
125.3 | 78.1 | 243.2 | 116.4 | 98.8 | 2.0 | -31.0 | -42.8 | -67.9 | -71.7 | -124.7 | -121.2 |
|
Earnings per Share
|
379.00 | 235.00 | 739.00 | 354.00 | 83.00 | 6.00 | -95.00 | -131.00 | -208.00 | -219.00 | -381.00 | -370.00 |
|
Diluted EPS
|
368.08 | 229.49 | 739.15 | 353.86 | 300.17 | 6.15 | -94.61 | -130.62 | -207.51 | -219.13 | -381.33 | -370.47 |
| 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)
|
2,202.6 | 2,155.6 | 2,137.5 | 1,900.1 | 1,752.9 | 2,854.2 | 4,736.5 | 4,775.8 | 4,751.4 | 3,849.7 | 3,924.1 | 3,895.0 |
|
I. Cash and cash equivalents
|
245.1 | 282.0 | 465.5 | 261.8 | 190.5 | 305.9 | 393.9 | 414.1 | 206.5 | 198.8 | 354.6 | 192.5 |
|
1. Cash
|
68.6 | 52.0 | 173.6 | 48.5 | 45.3 | 138.2 | 226.1 | 257.1 | 128.5 | 113.8 | 138.5 | 97.5 |
|
2. Cash equivalents
|
176.5 | 230.0 | 291.9 | 213.2 | 145.2 | 167.7 | 167.8 | 157.0 | 78.0 | 85.0 | 216.1 | 95.0 |
|
II. Short-term financial investments
|
72.6 | 72.6 | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.0 | 2.0 |
|
1. Available for sale securities
|
— | — | — | — | 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 |
|
3. Held to maturity investments
|
72.6 | 72.6 | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.0 | 2.0 |
|
III. Short-term receivables
|
672.5 | 665.7 | 555.9 | 555.3 | 538.2 | 1,544.1 | 3,416.4 | 3,438.8 | 3,598.1 | 2,625.6 | 2,526.5 | 2,618.6 |
|
1. Short-term trade accounts receivable
|
653.9 | 637.6 | 539.3 | 539.9 | 515.7 | 499.0 | 446.9 | 472.5 | 575.4 | 605.9 | 444.8 | 435.3 |
|
2. Short-term prepayments to suppliers
|
16.0 | 21.1 | 14.0 | 7.9 | 9.6 | 14.0 | 27.6 | 57.7 | 47.4 | 55.7 | 52.7 | 16.6 |
|
3. Short-term inter-company receivables
|
— | — | — | — | 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 |
|
5. Short-term loan receivables
|
— | — | — | — | 0.0 | 985.0 | 2,665.8 | 2,665.8 | 2,757.4 | 1,790.4 | 1,892.5 | 2,061.2 |
|
6. Other short-term receivables
|
34.1 | 38.4 | 34.1 | 39.1 | 45.1 | 71.4 | 301.7 | 268.4 | 243.9 | 201.7 | 166.9 | 136.8 |
|
7. Provision for short-term doubtful debts (*)
|
-31.5 | -31.5 | -31.5 | -31.6 | -32.2 | -25.3 | -25.5 | -25.5 | -26.0 | -28.2 | -30.3 | -31.3 |
|
8. Assets awaiting resolution
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
844.5 | 755.0 | 728.2 | 710.2 | 678.8 | 676.0 | 624.9 | 628.0 | 643.1 | 716.1 | 726.1 | 760.3 |
|
1. Inventories
|
884.7 | 801.4 | 780.5 | 750.2 | 709.5 | 704.4 | 659.2 | 653.6 | 681.6 | 747.8 | 751.6 | 772.1 |
|
2. Provision for decline in value of inventories
|
-40.2 | -46.5 | -52.3 | -40.1 | -30.7 | -28.5 | -34.3 | -25.6 | -38.5 | -31.7 | -25.5 | -11.9 |
|
V. Other short-term assets
|
367.9 | 380.2 | 387.9 | 372.8 | 345.4 | 328.3 | 301.3 | 295.0 | 303.7 | 309.3 | 314.8 | 321.7 |
|
1. Short-term prepayments
|
127.5 | 130.6 | 128.0 | 128.7 | 115.1 | 108.9 | 91.3 | 90.5 | 103.9 | 115.7 | 119.4 | 126.4 |
|
2. Value added tax to be reclaimed
|
238.8 | 244.8 | 254.6 | 237.7 | 225.6 | 216.1 | 206.0 | 202.0 | 199.8 | 193.4 | 195.0 | 193.3 |
|
3. Taxes and other receivables from state authorities
|
1.6 | 4.8 | 5.3 | 6.5 | 4.7 | 3.4 | 4.0 | 2.4 | 0.0 | 0.2 | 0.5 | 2.0 |
|
4. Government bonds
|
— | — | — | — | 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 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
9,165.0 | 9,192.2 | 9,254.3 | 9,318.4 | 9,475.6 | 9,516.8 | 7,792.6 | 7,853.9 | 7,981.4 | 9,074.8 | 9,179.3 | 9,273.7 |
|
I. Long-term receivables
|
1,997.1 | 1,963.5 | 1,930.1 | 1,894.6 | 1,947.6 | 1,911.8 | 22.8 | 22.9 | 23.0 | 1,008.5 | 1,014.4 | 1,016.8 |
|
1. Long-term trade receivables
|
— | — | — | — | 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 |
|
3. Capital at inter-company
|
— | — | — | — | 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 |
|
5. Long-term loan receivables
|
1,835.0 | 1,835.0 | 1,835.0 | 1,835.0 | 1,921.0 | 1,606.5 | 0.0 | 0.0 | 0.0 | 985.0 | 985.0 | 985.0 |
|
6. Other long-term receivables
|
162.1 | 128.5 | 95.1 | 59.6 | 26.6 | 305.3 | 22.8 | 22.9 | 23.0 | 23.5 | 29.4 | 31.8 |
|
7. Provision for long-term doubtful debts
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
4,415.1 | 4,484.4 | 4,565.3 | 4,656.7 | 4,752.8 | 4,809.3 | 4,906.5 | 5,010.3 | 5,147.1 | 5,218.8 | 5,287.5 | 5,367.4 |
|
1. Tangible fixed assets
|
4,024.1 | 4,080.9 | 4,149.2 | 4,228.1 | 4,311.6 | 4,355.5 | 4,372.8 | 4,463.6 | 4,586.2 | 4,645.2 | 4,699.7 | 4,758.9 |
|
- Cost
|
— | — | — | — | 5,689.2 | 5,648.4 | 5,580.6 | 5,586.7 | 5,654.3 | 5,627.6 | 5,595.6 | 5,580.0 |
|
- Accumulated depreciation
|
— | — | — | — | -1,377.6 | -1,292.8 | -1,207.8 | -1,123.1 | -1,068.1 | -982.4 | -895.9 | -821.0 |
|
2. Financial leased fixed assets
|
204.1 | 208.8 | 213.4 | 218.1 | 222.7 | 227.4 | 299.4 | 304.6 | 310.9 | 317.4 | 323.8 | 336.2 |
|
- Cost
|
— | — | — | — | 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 |
|
3. Intangible fixed assets
|
186.9 | 194.8 | 202.7 | 210.6 | 218.4 | 226.3 | 234.2 | 242.1 | 250.0 | 256.2 | 264.0 | 272.2 |
|
- Cost
|
— | — | — | — | 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 |
|
III. Investment properties
|
— | — | — | — | 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 |
|
- Accumulated depreciation
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
23.4 | 16.1 | 19.7 | 22.4 | 22.4 | 41.1 | 85.2 | 34.0 | 16.4 | 24.8 | 50.1 | 58.4 |
|
1. Long-term production in progress
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
23.4 | 16.1 | 19.7 | 22.4 | 22.4 | 41.1 | 85.2 | 34.0 | 16.4 | 24.8 | 50.1 | 58.4 |
|
V. Long-term financial investments
|
2,104.0 | 2,104.0 | 2,114.1 | 2,114.1 | 2,114.1 | 2,114.1 | 2,126.2 | 2,126.2 | 2,126.2 | 2,144.9 | 2,143.7 | 2,135.5 |
|
1. Investments in subsidiaries
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
2,104.0 | 2,104.0 | 2,114.1 | 2,114.1 | 2,114.1 | 2,114.1 | 2,126.2 | 2,126.2 | 2,126.2 | 2,144.9 | 2,143.7 | 2,135.5 |
|
3. Investments in other entities
|
— | — | — | — | 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 |
|
5. Held to maturity investments
|
— | — | — | — | 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 |
|
VI. Other long-term assets
|
625.4 | 624.2 | 625.1 | 630.5 | 638.7 | 640.6 | 652.0 | 554.1 | 555.3 | 557.5 | 556.5 | 561.6 |
|
1. Long-term prepayments
|
529.8 | 527.7 | 525.0 | 526.9 | 531.4 | 531.5 | 535.2 | 542.5 | 545.5 | 549.7 | 554.0 | 559.1 |
|
2. Deferred income tax assets
|
24.5 | 21.6 | 21.6 | 21.6 | 21.6 | 16.6 | 17.2 | 11.6 | 9.9 | 7.8 | 2.5 | 2.5 |
|
3. Long-term equipment, supplies, spare parts
|
— | — | — | — | 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 |
|
5. Goodwill
|
71.2 | 74.8 | 78.5 | 82.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
— | — | — | — | 85.7 | 92.6 | 99.5 | 106.4 | 113.3 | 120.2 | 127.1 | 134.0 |
|
TOTAL ASSETS (280=100+200)
|
11,367.7 | 11,347.8 | 11,391.8 | 11,218.4 | 11,228.5 | 12,371.0 | 12,529.1 | 12,629.7 | 12,732.8 | 12,924.6 | 13,103.4 | 13,168.7 |
|
A. LIABILITIES (300=210+330)
|
6,167.0 | 6,300.3 | 6,558.3 | 6,633.6 | 6,759.4 | 8,011.6 | 8,189.3 | 7,587.6 | 7,649.2 | 7,734.5 | 7,827.5 | 7,713.5 |
|
I. Short -term liabilities
|
5,242.5 | 5,286.5 | 3,463.8 | 3,379.8 | 3,245.1 | 4,301.3 | 4,268.1 | 3,528.8 | 3,460.8 | 2,995.2 | 2,960.5 | 2,856.8 |
|
1. Short-term trade accounts payable
|
771.6 | 683.1 | 601.2 | 586.0 | 635.8 | 544.6 | 514.6 | 445.6 | 489.1 | 527.9 | 577.5 | 602.9 |
|
2. Short-term advances from customers
|
7.8 | 5.4 | 6.3 | 4.6 | 6.6 | 6.3 | 6.5 | 16.6 | 7.6 | 7.5 | 6.5 | 7.2 |
|
3. Taxes and other payables to state authorities
|
25.4 | 41.4 | 37.4 | 17.7 | 16.5 | 41.3 | 17.3 | 16.3 | 27.5 | 42.8 | 25.6 | 18.7 |
|
4. Payable to employees
|
— | — | — | 0.0 | 0.0 | 4.4 | 4.0 | 5.1 | 0.0 | 4.7 | 0.0 | 0.0 |
|
5. Short-term acrrued expenses
|
841.9 | 789.1 | 783.7 | 666.2 | 704.3 | 605.3 | 532.8 | 435.9 | 447.5 | 387.6 | 323.8 | 272.1 |
|
6. Short-term inter-company payables
|
— | — | — | — | 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 |
|
8. Short-term unearned revenue
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Other short-term payables
|
52.9 | 51.9 | 161.4 | 246.4 | 140.4 | 1,138.1 | 1,132.4 | 432.9 | 426.2 | 101.5 | 91.7 | 83.1 |
|
10. Short-term borrowings and financial leases
|
3,542.0 | 3,714.8 | 1,872.7 | 1,858.0 | 1,740.5 | 1,960.3 | 2,059.6 | 2,175.6 | 2,062.0 | 1,922.4 | 1,934.5 | 1,871.9 |
|
11. Provision for short-term liabilities
|
— | — | — | — | 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 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
|
13. Price stabilization fund
|
— | — | — | — | 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 |
|
II. Long-term liabilities
|
924.5 | 1,013.7 | 3,094.5 | 3,253.8 | 3,514.3 | 3,710.3 | 3,921.2 | 4,058.8 | 4,188.4 | 4,739.3 | 4,867.0 | 4,856.7 |
|
1. Long-term trade payables
|
— | — | — | — | 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 |
|
3. Long-term acrrued expenses
|
— | — | — | — | 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 |
|
5. Long-term inter-company payables
|
— | — | — | — | 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 |
|
7. Other long-term liabilities
|
43.9 | 52.2 | 59.9 | 168.0 | 267.1 | 289.8 | 319.8 | 352.2 | 384.6 | 724.1 | 749.6 | 774.6 |
|
8. Long-term borrowings and financial leases
|
546.3 | 626.1 | 2,697.8 | 2,747.5 | 2,907.6 | 3,083.8 | 3,263.6 | 3,367.5 | 3,463.5 | 3,673.9 | 3,774.9 | 3,738.2 |
|
9. Convertible bonds
|
— | — | — | — | 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 |
|
11. Deferred income tax liabilities
|
323.5 | 324.8 | 326.0 | 327.3 | 328.6 | 329.8 | 331.1 | 332.3 | 333.6 | 334.9 | 336.2 | 337.5 |
|
12. Provision for long-term liabilities
|
10.7 | 10.7 | 10.8 | 10.9 | 11.1 | 6.9 | 6.7 | 6.7 | 6.7 | 6.4 | 6.4 | 6.4 |
|
13. Fund for technology development
|
— | — | — | — | 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 |
|
B. OWNER'S EQUITY (400=410+430)
|
5,200.7 | 5,047.5 | 4,833.4 | 4,584.8 | 4,469.1 | 4,359.4 | 4,339.8 | 5,042.1 | 5,083.6 | 5,190.1 | 5,275.9 | 5,455.2 |
|
I. Owner's equity
|
5,200.7 | 5,047.5 | 4,833.4 | 4,584.8 | 4,469.1 | 4,359.4 | 4,339.8 | 5,042.1 | 5,083.6 | 5,190.1 | 5,275.9 | 5,455.2 |
|
1. Owner's capital
|
3,403.2 | 3,403.2 | 3,290.5 | 3,290.5 | 3,290.5 | 3,274.2 | 3,274.2 | 3,274.2 | 3,271.3 | 3,271.3 | 3,271.3 | 3,271.3 |
|
- Common stock with voting right
|
3,403.2 | 3,403.2 | 3,290.5 | 3,290.5 | 3,290.5 | 3,274.2 | 3,274.2 | 3,274.2 | 3,271.3 | 3,271.3 | 3,271.3 | 3,271.3 |
|
- Preferred stock
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
2,137.1 | 2,137.1 | 2,137.1 | 2,137.1 | 2,137.1 | 2,129.0 | 2,129.0 | 2,129.0 | 2,126.2 | 2,126.2 | 2,126.2 | 2,126.2 |
|
3. Convertible bond option
|
— | — | — | — | 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 |
|
5. Treasury shares
|
— | — | — | — | 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 |
|
7. Foreign exchange differences
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Fund to support corporate restructuring
|
— | — | — | — | 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 |
|
11. Undistributed earnings after tax
|
-478.8 | -604.0 | -682.1 | -925.4 | -1,041.8 | -1,140.6 | -1,142.6 | -441.6 | -398.9 | -331.0 | -259.3 | -134.6 |
|
- Accumulated retained earning at the end of the previous period
|
-1,041.8 | -1,041.8 | -1,041.8 | -1,041.8 | -398.9 | -1,068.8 | -1,068.8 | -398.9 | -13.4 | -13.4 | -13.4 | -13.4 |
|
- Undistributed earnings in this period
|
563.0 | 437.8 | 359.7 | 116.4 | -642.9 | -71.7 | -73.7 | -42.8 | -385.5 | -317.6 | -245.9 | -121.2 |
|
12. Reserves for investment in construction
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
139.3 | 111.3 | 88.0 | 82.5 | 83.3 | 96.8 | 79.3 | 80.6 | 85.0 | 123.6 | 137.7 | 192.2 |
|
14. Financial reserves
|
— | — | — | — | 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 |
|
1. Subsidized not-for-profit funds
|
— | — | — | — | 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 |
|
C. MINORITY'S INTEREST
|
— | — | — | — | 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)
|
11,367.7 | 11,347.8 | 11,391.8 | 11,218.4 | 11,228.5 | 12,371.0 | 12,529.1 | 12,629.7 | 12,732.8 | 12,924.6 | 13,103.4 | 13,168.7 |
| 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
|
157.9 | 101.5 | 248.5 | 115.8 | 76.5 | 25.5 | -34.8 | -44.4 | -105.8 | -86.5 | -182.0 | -167.4 |
|
Depreciation of Fixed Assets and Investment Property
|
101.3 | 101.9 | 102.0 | 102.3 | 105.3 | 106.2 | 105.0 | 106.4 | 107.7 | 108.2 | 102.7 | 112.5 |
|
Provision (Increase)/Reversal
|
-0.4 | 10.8 | 13.9 | 9.6 | 18.5 | -5.8 | 7.9 | -12.3 | 7.9 | 7.6 | 15.0 | -31.4 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.0 | -0.1 | 0.0 | -0.0 | -0.1 | 0.0 | 0.0 | 0.0 | 0.1 | -0.0 | -0.0 | -0.0 |
|
Gain/Loss from Investment Activities
|
-35.6 | -32.6 | -35.7 | -34.5 | -34.0 | -52.0 | -32.9 | -33.5 | -8.6 | -40.7 | -51.6 | -44.9 |
|
Interest Expense
|
80.7 | 83.9 | 85.3 | 84.9 | 93.6 | 93.4 | 95.6 | 104.5 | 115.5 | 129.8 | 140.3 | 129.4 |
|
Gain/Loss on Disposal of Fixed Assets
|
— | — | — | — | 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 |
|
Amortization of Goodwill
|
— | — | — | — | 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 |
|
Operating Profit Before Changes in Working Capital
|
304.0 | 265.4 | 414.1 | 278.0 | 259.8 | 167.4 | 140.8 | 120.7 | 116.8 | 118.2 | 24.3 | -1.8 |
|
Increase/(Decrease) in Receivables
|
-14.4 | -81.4 | -12.7 | -28.8 | -22.2 | -71.9 | 17.6 | 93.5 | 24.6 | -158.3 | -2.0 | -68.7 |
|
Increase/(Decrease) in Inventory
|
-106.7 | -55.2 | -45.8 | -53.0 | -9.6 | -45.2 | -4.8 | 27.1 | 65.0 | 1.5 | 18.6 | -16.9 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
58.4 | 127.9 | -210.5 | -4.0 | 66.1 | 159.4 | 123.7 | -27.1 | -78.9 | 74.9 | -29.9 | -87.1 |
|
Increase/(Decrease) in Prepaid Expenses
|
16.4 | 9.0 | 15.0 | 0.4 | 8.4 | -1.7 | 14.3 | 30.5 | 28.2 | 21.0 | 22.0 | 4.0 |
|
Changes in Trading Securities
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Paid
|
-34.0 | -126.1 | -40.1 | -128.5 | -30.5 | -151.1 | -50.0 | -158.6 | -63.8 | -188.9 | -83.9 | -172.4 |
|
Corporate Income Tax Paid
|
-0.2 | -2.1 | 0.0 | -1.9 | -8.8 | 0.0 | -5.6 | -5.4 | -2.2 | -0.0 | -0.5 | -0.9 |
|
Other Operating Receipts
|
— | — | — | — | 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 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
223.6 | 137.4 | 119.9 | 62.4 | 263.2 | 56.9 | 236.1 | 80.7 | 89.7 | -131.7 | -51.4 | -343.7 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-24.4 | -18.2 | 6.9 | -41.0 | -7.4 | -22.8 | -47.8 | -40.6 | -42.9 | -23.7 | -66.3 | -124.4 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
5.6 | 0.2 | -3.6 | 5.8 | 0.4 | -11.9 | 12.0 | 42.2 | 1.8 | 0.1 | 1.0 | 1.1 |
|
Loans and Purchases of Debt Instruments
|
0.0 | -72.6 | -210.0 | — | -1,921.0 | 0.0 | 0.0 | 0.0 | 0.0 | -155.0 | 0.0 | -170.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
0.0 | 0.0 | 210.0 | 86.0 | 1,606.5 | 74.3 | 0.0 | 91.6 | 18.0 | 259.1 | 168.7 | 170.5 |
|
Investments in Other Entities
|
— | — | — | — | 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 |
|
Dividends and Interest Income Received
|
12.6 | 3.0 | 3.6 | 2.4 | 316.3 | 14.2 | 1.4 | 12.1 | 13.6 | 10.4 | 12.6 | 1.7 |
|
Increase/(Decrease) in Term Deposits
|
— | — | — | — | 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 |
|
Other Investing Receipts
|
— | — | — | — | 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 |
|
Net Cash Flow from Investing Activities
|
-6.1 | -87.7 | 7.0 | 53.2 | -5.2 | 53.7 | -34.5 | 105.3 | -9.5 | 90.8 | 116.1 | -121.1 |
|
Proceeds from Equity Issuance and Capital Contributions
|
— | — | — | — | 24.5 | 0.0 | 0.0 | 5.7 | 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 |
|
Proceeds from Borrowings
|
1,164.1 | 1,388.9 | 1,416.2 | 1,417.7 | 1,552.5 | 1,467.8 | 1,326.1 | 1,519.3 | 1,029.2 | 1,449.1 | 1,318.9 | 1,849.3 |
|
Repayment of Borrowings
|
-1,415.3 | -1,617.2 | -1,449.9 | -1,459.1 | -1,947.5 | -1,662.8 | -1,543.9 | -1,499.7 | -1,098.0 | -1,560.4 | -1,217.5 | -1,623.8 |
|
Repayment of Finance Leases
|
-3.2 | -3.1 | -3.0 | -3.0 | -2.9 | -3.6 | -3.9 | -3.8 | -3.7 | -3.6 | -4.0 | -4.0 |
|
Dividends Paid
|
— | — | — | — | 0.0 | -0.0 | 0.0 | 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 |
|
Other Financing Payments
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Financing Activities
|
-254.4 | -233.2 | 76.8 | -44.3 | -373.4 | -198.6 | -221.7 | 21.5 | -72.5 | -114.9 | 97.5 | 221.5 |
|
Net Cash Flow During the Period
|
-36.9 | -183.4 | 203.7 | 71.3 | -115.4 | -88.0 | -20.2 | 207.6 | 7.7 | -155.9 | 162.2 | -243.3 |
|
Cash and Cash Equivalents at Beginning of Period
|
282.0 | 465.5 | 261.8 | 190.5 | 206.5 | 206.5 | 206.5 | 206.5 | 435.8 | 435.8 | 435.8 | 435.8 |
|
FX Difference from Revaluation
|
— | — | — | — | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 |
|
Cash and Cash Equivalents at End of Period
|
245.1 | 282.0 | 465.5 | 261.8 | 190.5 | 305.9 | 393.9 | 414.1 | 206.5 | 198.8 | 354.6 | 192.5 |
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