PAN
Listed Company · HOSE
Price
31,450
Latest close
03 Apr 2026
P/E
9.8x
EPS
(TTM)
3,222
ROE
(TTM)
7.5%
P/B
0.7x
BVPS
(Latest)
42,000
ROA
(TTM)
3.4%
What Is Changing
PAN no longer looks like a business simply rebounding from a weak base. Revenue posted +8.7% YoY, while net margin reached 6.62% with an additional -0.6pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Income growth slowed to -0.2% in 2025 from 42.8% in the prior period, at VND 1,165.0bn.
- Revenue increased 8.7% YoY to VND 17,586.2bn in 2025.
- Net margin declined from 7.21% in the prior period to 6.62% in 2025.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 17,586.2 | 16,181.6 | 13,204.6 | 13,655.1 | 9,972.5 |
| Growth | +9% | +23% | -3% | +37% | — |
| Net Income | 1,165.0 | 1,167.1 | 817.1 | 794.3 | 509.8 |
| Net Margin | 6.62% | 7.21% | 6.19% | 5.82% | 5.11% |
| 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 | 4,303.3 | 5,138.1 | 4,064.5 | 4,119.5 | 4,266.7 | 5,083.9 | 3,378.1 | 3,461.7 | 4,196.5 | 3,702.9 | 2,777.7 | 2,531.4 |
| Growth | -16% | +26% | -1% | -3% | -16% | +50% | -2% | -18% | +13% | +33% | +10% | — |
| Net Income | 448.2 | 266.4 | 264.7 | 194.2 | 427.2 | 343.7 | 201.0 | 168.6 | 363.0 | 192.9 | 160.0 | 106.9 |
| Net Margin | 10.42% | 5.18% | 6.51% | 4.71% | 10.01% | 6.76% | 5.95% | 4.87% | 8.65% | 5.21% | 5.76% | 4.22% |
Financial Statements
Profitability
Net margin reached 6.62% while Revenue posted +8.7% YoY.
Balance Sheet
Inventory stood at 3,268.4bn, liabilities at 6,517.6bn, and equity at 9,077.3bn.
Cash Flow
Operating cash flow was 9,054.8bn in 2025, while investing cash flow was -1,067.5bn.
Financing cash flow: -8,340.7bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
18,010.2 | 16,757.5 | 13,716.6 | 14,094.6 | 10,182.5 |
|
Revenue Deductions
|
423.9 | 575.9 | 512.0 | 439.5 | 0.0 |
|
Net Revenue
|
17,586.2 | 16,181.6 | 13,204.6 | 13,655.1 | 9,972.5 |
|
Cost of Goods Sold
|
14,046.3 | 12,800.0 | 10,544.8 | 10,918.6 | 0.0 |
|
Gross Profit
|
3,539.9 | 3,381.6 | 2,659.8 | 2,736.5 | 1,848.7 |
|
Financial Income
|
625.8 | 601.5 | 577.8 | 316.8 | 311.5 |
|
Financial Expenses
|
541.4 | 561.5 | 576.0 | 361.7 | -266.4 |
|
Interest Expense
|
404.1 | 354.0 | 456.5 | 242.4 | -224.4 |
|
Share of Associates and Joint Ventures
|
— | 152.3 | 10.7 | 8.8 | 61.3 |
|
Selling Expenses
|
1,571.3 | 1,501.6 | 1,061.1 | 1,216.1 | -724.0 |
|
General and Administrative Expenses
|
689.3 | 718.1 | 659.2 | 650.2 | -677.8 |
|
Operating Profit
|
1,363.8 | 1,354.3 | 952.1 | 834.1 | 553.3 |
|
Other Income
|
27.5 | 14.6 | 21.5 | 115.8 | 0.0 |
|
Other Expenses
|
27.3 | 15.7 | 17.5 | 17.5 | 0.0 |
|
Other Profit
|
0.2 | -1.1 | 3.9 | 98.2 | 4.7 |
|
Profit Before Tax
|
1,364.0 | 1,353.2 | 956.0 | 932.4 | 558.0 |
|
Current Income Tax Expense
|
228.4 | 194.5 | 159.1 | 168.1 | -48.1 |
|
Deferred Income Tax Expense
|
-29.5 | -8.4 | -20.2 | -30.1 | 0.0 |
|
Net Income
|
1,165.0 | 1,167.1 | 817.1 | 794.3 | 509.8 |
|
Non-controlling Interest
|
492.4 | 558.2 | 411.2 | 420.3 | 214.5 |
|
Profit Attributable to Parent
|
672.7 | 608.9 | 405.9 | 374.0 | 295.3 |
|
Earnings per Share
|
3,067.00 | 2,704.00 | 1,943.00 | 1,790.00 | 1,414.00 |
|
Diluted EPS
|
3,109.95 | 2,815.09 | 1,943.00 | 1,790.00 | 1,365.01 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
10,261.0 | 18,283.1 | 14,280.8 | 10,114.9 | 10,167.1 |
|
I. Cash and cash equivalents
|
2,626.7 | 2,958.9 | 1,402.4 | 1,838.0 | 2,719.6 |
|
1. Cash
|
1,589.8 | 1,658.8 | 845.6 | 1,081.3 | 0.0 |
|
2. Cash equivalents
|
1,036.9 | 1,300.1 | 556.9 | 756.7 | 0.0 |
|
II. Short-term financial investments
|
2,227.5 | 10,604.5 | 7,291.3 | 2,988.1 | 0.0 |
|
1. Available for sale securities
|
4.2 | 9,895.1 | 6,676.1 | 2,206.1 | 0.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
-1.9 | -2.0 | -1.8 | -3.2 | 0.0 |
|
3. Held to maturity investments
|
2,225.2 | 711.3 | 617.0 | 785.2 | 0.0 |
|
III. Short-term receivables
|
1,862.7 | 1,462.8 | 2,332.4 | 2,068.1 | 1,747.5 |
|
1. Short-term trade accounts receivable
|
1,708.3 | 1,268.5 | 1,449.1 | 1,344.8 | 0.0 |
|
2. Short-term prepayments to suppliers
|
103.1 | 116.6 | 97.5 | 125.2 | 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
|
43.3 | 43.0 | 751.9 | 574.4 | 0.0 |
|
6. Other short-term receivables
|
68.5 | 102.1 | 84.6 | 78.6 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
-60.4 | -67.3 | -50.6 | -54.9 | 0.0 |
|
8. Assets awaiting resolution
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
3,268.4 | 3,107.5 | 3,083.4 | 3,049.4 | 2,591.9 |
|
1. Inventories
|
3,296.9 | 3,151.6 | 3,157.3 | 3,140.1 | 0.0 |
|
2. Provision for decline in value of inventories
|
-28.5 | -44.1 | -73.8 | -90.7 | 0.0 |
|
V. Other short-term assets
|
275.6 | 149.5 | 171.2 | 171.3 | 138.9 |
|
1. Short-term prepayments
|
39.4 | 34.8 | 63.6 | 40.6 | 0.0 |
|
2. Value added tax to be reclaimed
|
220.4 | 104.7 | 95.8 | 113.6 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
15.9 | 10.0 | 11.9 | 17.2 | 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)
|
5,333.8 | 5,557.6 | 5,907.4 | 5,966.7 | 4,959.7 |
|
I. Long-term receivables
|
13.8 | 8.5 | 4.2 | 1.4 | 0.0 |
|
1. Long-term trade receivables
|
— | 0.0 | 0.0 | 0.0 | 6.0 |
|
2. Long-term prepayments to suppliers
|
— | 2.7 | 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
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
13.8 | 5.8 | 4.2 | 1.4 | 0.0 |
|
7. Provision for long-term doubtful debts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
3,850.7 | 4,101.1 | 4,122.1 | 3,827.3 | 3,402.1 |
|
1. Tangible fixed assets
|
2,271.6 | 2,439.8 | 2,372.7 | 2,000.4 | 1,721.2 |
|
- Cost
|
5,244.5 | 5,148.2 | 4,595.3 | 3,952.2 | 0.0 |
|
- Accumulated depreciation
|
-2,972.9 | -2,708.5 | -2,222.6 | -1,951.8 | 0.0 |
|
2. Financial leased fixed assets
|
11.6 | 3.5 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
12.1 | 3.7 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-0.5 | -0.2 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
1,567.5 | 1,657.9 | 1,749.4 | 1,826.9 | 1,680.9 |
|
- Cost
|
2,315.1 | 2,314.3 | 2,312.7 | 2,300.2 | 0.0 |
|
- Accumulated depreciation
|
-747.6 | -656.4 | -563.3 | -473.3 | 0.0 |
|
III. Investment properties
|
414.1 | 417.5 | 419.4 | 413.8 | 43.0 |
|
- Cost
|
443.4 | 444.1 | 442.6 | 434.4 | 0.0 |
|
- Accumulated depreciation
|
-29.4 | -26.6 | -23.2 | -20.6 | 0.0 |
|
IV. Long-term assets in progress
|
250.2 | 180.9 | 191.1 | 535.4 | 470.9 |
|
1. Long-term production in progress
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
250.2 | 180.9 | 191.1 | 535.4 | 0.0 |
|
V. Long-term financial investments
|
26.1 | 226.1 | 525.2 | 514.5 | 207.8 |
|
1. Investments in subsidiaries
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
— | 0.0 | 299.1 | 288.3 | 0.0 |
|
3. Investments in other entities
|
26.1 | 26.1 | 26.1 | 26.1 | 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
|
— | 200.0 | 200.0 | 200.0 | 0.0 |
|
6. Other long-term investments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
779.0 | 623.4 | 645.2 | 674.4 | 0.0 |
|
1. Long-term prepayments
|
663.1 | 502.0 | 508.0 | 483.4 | 0.0 |
|
2. Deferred income tax assets
|
60.2 | 42.9 | 31.7 | 21.8 | 0.0 |
|
3. Long-term equipment, supplies, spare parts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
— | 0.0 | 0.8 | 0.8 | 830.0 |
|
5. Goodwill
|
55.7 | 78.6 | 104.8 | 168.4 | 0.0 |
|
VII. Goodwill (before 2015)
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
15,594.9 | 23,840.7 | 20,188.1 | 16,081.6 | 15,126.8 |
|
A. LIABILITIES (300=210+330)
|
6,517.6 | 14,981.2 | 11,844.7 | 8,203.2 | 7,547.5 |
|
I. Short -term liabilities
|
5,695.1 | 14,391.9 | 10,865.7 | 7,812.6 | 6,096.0 |
|
1. Short-term trade accounts payable
|
659.1 | 524.4 | 927.3 | 1,122.5 | 856.7 |
|
2. Short-term advances from customers
|
70.0 | 76.6 | 43.3 | 58.2 | 218.1 |
|
3. Taxes and other payables to state authorities
|
195.6 | 140.1 | 126.1 | 57.6 | 0.0 |
|
4. Payable to employees
|
312.8 | 460.8 | 378.1 | 332.4 | 0.0 |
|
5. Short-term acrrued expenses
|
638.4 | 467.6 | 481.2 | 650.1 | 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
|
0.7 | 2.6 | 0.4 | 1.2 | 2.5 |
|
9. Other short-term payables
|
383.9 | 1,044.4 | 360.7 | 331.9 | 0.0 |
|
10. Short-term borrowings and financial leases
|
3,237.1 | 11,493.0 | 8,379.3 | 5,120.9 | 3,853.6 |
|
11. Provision for short-term liabilities
|
10.9 | 10.5 | 9.8 | 9.8 | 0.0 |
|
12.. Bonus and welfare fund
|
186.5 | 172.0 | 159.4 | 128.0 | 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
|
822.5 | 589.3 | 979.0 | 390.6 | 1,451.5 |
|
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
|
— | 0.4 | 0.0 | 0.0 | 0.0 |
|
7. Other long-term liabilities
|
8.1 | 7.3 | 8.1 | 8.2 | 0.0 |
|
8. Long-term borrowings and financial leases
|
459.5 | 206.7 | 602.7 | 4.2 | 1,152.8 |
|
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
|
323.2 | 335.3 | 340.5 | 350.8 | 0.0 |
|
12. Provision for long-term liabilities
|
31.7 | 39.6 | 27.7 | 27.3 | 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)
|
9,077.3 | 8,859.5 | 8,343.4 | 7,878.4 | 7,579.3 |
|
I. Owner's equity
|
9,077.3 | 8,859.5 | 8,343.4 | 7,878.4 | 0.0 |
|
1. Owner's capital
|
2,162.9 | 2,162.9 | 2,162.9 | 2,163.6 | 7,579.3 |
|
- Common stock with voting right
|
2,162.9 | 2,162.9 | 2,162.9 | 2,163.6 | 2,163.6 |
|
- Preferred stock
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
904.7 | 904.7 | 904.7 | 904.7 | 904.7 |
|
3. Convertible bond option
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
60.7 | 60.7 | 55.5 | 55.5 | 15.0 |
|
5. Treasury shares
|
-167.2 | -167.2 | -167.2 | -167.8 | 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
|
461.5 | 413.5 | 379.1 | 350.1 | 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
|
1,919.5 | 1,695.3 | 1,452.3 | 1,186.1 | 860.3 |
|
- Accumulated retained earning at the end of the previous period
|
1,279.1 | 1,142.9 | 1,046.4 | 735.2 | 309.8 |
|
- Undistributed earnings in this period
|
640.4 | 552.5 | 405.9 | 450.9 | 550.4 |
|
12. Reserves for investment in construction
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
3,735.1 | 3,789.5 | 3,556.1 | 3,386.3 | 3,456.3 |
|
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)
|
15,594.9 | 23,840.7 | 20,188.1 | 16,081.6 | 15,126.8 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Profit Before Tax
|
1,364.0 | 1,353.2 | 956.0 | 932.4 | 558.0 |
|
Depreciation of Fixed Assets and Investment Property
|
504.1 | 522.0 | 500.0 | 429.3 | 748.9 |
|
Provision (Increase)/Reversal
|
-30.2 | -1.5 | -21.1 | -13.8 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-17.6 | -4.6 | 4.0 | -9.2 | 0.0 |
|
Gain/Loss from Investment Activities
|
-438.0 | -518.5 | -519.6 | -311.3 | 0.0 |
|
Interest Expense
|
404.1 | 354.9 | 456.5 | 242.4 | 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
|
1,786.4 | 1,705.5 | 1,375.8 | 1,269.8 | 1,304.4 |
|
Increase/(Decrease) in Receivables
|
-958.5 | 121.5 | -65.0 | -344.1 | 0.0 |
|
Increase/(Decrease) in Inventory
|
-145.3 | 22.8 | -18.2 | -525.0 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
-614.7 | 309.6 | -354.0 | 433.3 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
-165.8 | 34.8 | -58.5 | -35.4 | 0.0 |
|
Changes in Trading Securities
|
9,890.9 | -3,219.0 | -4,470.0 | 695.0 | 0.0 |
|
Interest Paid
|
-411.1 | -358.7 | -462.5 | -201.8 | 0.0 |
|
Corporate Income Tax Paid
|
-179.6 | -175.2 | -114.1 | -167.6 | 0.0 |
|
Other Operating Receipts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-147.5 | -180.4 | -102.3 | -78.7 | 0.0 |
|
Net Cash Flow from Operating Activities
|
9,054.8 | -1,739.2 | -4,268.8 | 1,045.5 | -690.9 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-178.6 | -323.4 | -341.1 | -672.3 | -528.0 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
26.5 | 9.3 | 23.6 | 236.2 | 11.4 |
|
Loans and Purchases of Debt Instruments
|
1,220.5 | -1,484.2 | -2,718.4 | -2,725.3 | -998.8 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
-2,122.0 | 2,646.8 | 2,709.1 | 1,665.2 | 1,085.9 |
|
Investments in Other Entities
|
-443.4 | -303.0 | 0.0 | -687.8 | 538.2 |
|
Proceeds from Investments in Other Entities
|
0.1 | 0.2 | 0.0 | 2.6 | 0.0 |
|
Dividends and Interest Income Received
|
429.4 | 344.6 | 495.5 | 244.3 | 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
|
-1,067.5 | 890.3 | 168.7 | -1,936.9 | 369.1 |
|
Proceeds from Equity Issuance and Capital Contributions
|
— | 0.0 | 0.0 | 0.0 | 150.3 |
|
Share Repurchases
|
— | 0.0 | 0.0 | 0.0 | 12,114.7 |
|
Proceeds from Borrowings
|
11,612.3 | 24,031.6 | 20,217.6 | 13,496.5 | -10,814.4 |
|
Repayment of Borrowings
|
-19,623.8 | -21,317.3 | -16,381.3 | -13,453.1 | -455.2 |
|
Repayment of Finance Leases
|
-5.9 | 0.0 | -174.5 | 0.0 | 0.0 |
|
Dividends Paid
|
-323.4 | -320.4 | -174.5 | -150.3 | 0.0 |
|
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
|
-8,340.7 | 2,393.9 | 3,661.9 | -106.9 | 995.3 |
|
Net Cash Flow During the Period
|
-353.5 | 1,545.0 | -438.3 | -998.4 | 259.5 |
|
Cash and Cash Equivalents at Beginning of Period
|
2,958.9 | 1,402.4 | 1,838.0 | 2,841.3 | 2,025.8 |
|
FX Difference from Revaluation
|
21.3 | 11.4 | 2.7 | -4.9 | 0.2 |
|
Cash and Cash Equivalents at End of Period
|
2,626.7 | 2,958.9 | 1,402.4 | 1,838.0 | 2,719.6 |
| 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
|
4,416.3 | 5,212.1 | 4,227.4 | 4,193.6 | 4,411.4 | 5,193.3 | 3,575.8 | 3,590.2 | 4,356.5 | 3,808.4 | 2,961.7 | 2,635.4 |
|
Revenue Deductions
|
113.0 | 74.0 | 163.0 | 74.1 | 144.7 | 109.4 | 197.7 | 128.6 | 160.0 | 105.5 | 183.9 | 103.9 |
|
Net Revenue
|
4,303.3 | 5,138.1 | 4,064.5 | 4,119.5 | 4,266.7 | 5,083.9 | 3,378.1 | 3,461.7 | 4,196.5 | 3,702.9 | 2,777.7 | 2,531.4 |
|
Cost of Goods Sold
|
3,419.2 | 4,123.0 | 3,286.7 | 3,425.5 | 3,190.3 | 4,107.7 | 2,687.7 | 2,839.7 | 3,198.4 | 3,015.0 | 2,236.0 | 2,097.4 |
|
Gross Profit
|
884.1 | 1,015.1 | 777.8 | 694.0 | 1,076.4 | 976.2 | 690.4 | 622.0 | 998.1 | 687.9 | 541.7 | 434.1 |
|
Financial Income
|
101.7 | 134.2 | 211.2 | 187.6 | 225.1 | 153.9 | 120.9 | 123.7 | 152.4 | 177.6 | 124.1 | 125.9 |
|
Financial Expenses
|
108.8 | 124.2 | 175.0 | 141.7 | 134.3 | 242.9 | 110.9 | 105.2 | 150.4 | 173.5 | 134.5 | 120.2 |
|
Interest Expense
|
72.9 | 89.1 | 137.0 | 115.2 | 85.8 | 102.6 | 82.7 | 82.7 | 116.7 | 132.9 | 111.8 | 97.6 |
|
Share of Associates and Joint Ventures
|
— | — | — | — | 0.0 | 146.7 | 2.6 | 3.0 | 4.0 | 2.3 | 2.3 | 2.1 |
|
Selling Expenses
|
140.5 | 565.4 | 346.3 | 347.6 | 419.7 | 528.6 | 278.4 | 285.9 | 355.4 | 343.4 | 188.8 | 176.0 |
|
General and Administrative Expenses
|
213.3 | 155.8 | 157.0 | 156.2 | 242.0 | 141.7 | 168.4 | 157.2 | 233.4 | 130.4 | 157.6 | 135.2 |
|
Operating Profit
|
523.2 | 304.0 | 310.8 | 236.2 | 505.4 | 363.5 | 256.2 | 200.4 | 415.2 | 220.5 | 187.3 | 130.7 |
|
Other Income
|
10.5 | 5.2 | 8.7 | 2.0 | 3.8 | 3.8 | 2.3 | 2.9 | 17.9 | 3.0 | 3.0 | 2.1 |
|
Other Expenses
|
5.9 | 4.4 | 11.1 | 2.0 | 3.0 | 5.9 | 2.7 | 2.7 | 9.0 | 5.6 | 2.9 | 1.9 |
|
Other Profit
|
4.6 | 0.8 | -2.4 | -0.0 | 0.8 | -2.1 | -0.5 | 0.2 | 8.9 | -2.6 | 0.1 | 0.2 |
|
Profit Before Tax
|
527.8 | 304.9 | 308.4 | 236.1 | 506.2 | 361.5 | 255.8 | 200.5 | 424.1 | 217.9 | 187.5 | 130.9 |
|
Current Income Tax Expense
|
110.5 | 41.6 | 49.0 | 44.2 | 85.1 | 23.8 | 50.5 | 33.3 | 67.9 | 28.8 | 26.1 | 26.8 |
|
Deferred Income Tax Expense
|
-30.9 | -3.1 | -5.3 | -2.3 | -6.1 | -6.0 | 4.3 | -1.3 | -6.7 | -3.8 | 1.4 | -2.7 |
|
Net Income
|
448.2 | 266.4 | 264.7 | 194.2 | 427.2 | 343.7 | 201.0 | 168.6 | 363.0 | 192.9 | 160.0 | 106.9 |
|
Non-controlling Interest
|
178.9 | 110.2 | 124.7 | 86.5 | 196.0 | 157.0 | 115.7 | 85.0 | 156.4 | 94.1 | 94.8 | 66.8 |
|
Profit Attributable to Parent
|
269.3 | 156.2 | 140.0 | 107.7 | 231.2 | 186.8 | 85.3 | 83.6 | 206.6 | 98.8 | 65.1 | 40.0 |
|
Earnings per Share
|
1,289.00 | 748.00 | 670.00 | 515.00 | 1,107.00 | 930.00 | 408.00 | 400.00 | 989.00 | 473.00 | 311.00 | 192.00 |
|
Diluted EPS
|
1,289.00 | 748.00 | 670.00 | 515.00 | 2,846.00 | 930.00 | 408.00 | 400.00 | 989.00 | 473.00 | 311.00 | 192.00 |
| 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)
|
10,385.6 | 12,676.3 | 15,479.5 | 20,408.6 | 18,299.3 | 18,216.9 | 17,593.5 | 14,039.4 | 14,338.6 | 13,431.9 | 13,912.2 | 10,074.1 |
|
I. Cash and cash equivalents
|
2,628.7 | 2,736.5 | 2,700.3 | 2,250.3 | 2,973.8 | 1,203.2 | 1,110.8 | 1,753.7 | 1,794.8 | 864.4 | 1,593.5 | 1,263.5 |
|
1. Cash
|
1,589.8 | 1,407.3 | 1,303.4 | 765.7 | 1,656.7 | 686.6 | 778.4 | 1,101.5 | 845.6 | 525.4 | 690.1 | 745.3 |
|
2. Cash equivalents
|
1,038.9 | 1,329.2 | 1,397.0 | 1,484.6 | 1,317.1 | 516.6 | 332.4 | 652.2 | 949.3 | 339.0 | 903.4 | 518.2 |
|
II. Short-term financial investments
|
2,227.0 | 3,569.4 | 6,616.2 | 12,593.3 | 10,583.2 | 11,484.8 | 11,077.1 | 7,040.2 | 7,050.9 | 6,976.4 | 7,105.5 | 3,972.0 |
|
1. Available for sale securities
|
4.2 | 2,227.2 | 5,604.1 | 11,755.1 | 9,895.1 | 10,576.1 | 10,576.1 | 6,676.1 | 6,676.1 | 6,676.1 | 6,676.1 | 3,306.1 |
|
2. Provision for diminution in value of available for sale securities (*)
|
-1.9 | -1.8 | -2.2 | -2.4 | -2.0 | -2.3 | -2.0 | -1.9 | -1.8 | -2.3 | -2.5 | -3.0 |
|
3. Held to maturity investments
|
2,224.7 | 1,344.0 | 1,014.2 | 840.6 | 690.1 | 911.0 | 503.0 | 366.0 | 376.6 | 302.6 | 431.9 | 668.8 |
|
III. Short-term receivables
|
1,984.5 | 2,344.1 | 1,670.8 | 1,968.2 | 1,491.4 | 2,170.3 | 1,478.9 | 2,011.2 | 2,228.1 | 1,656.8 | 1,275.7 | 1,635.7 |
|
1. Short-term trade accounts receivable
|
1,708.2 | 2,139.3 | 1,502.7 | 1,611.3 | 1,277.5 | 1,911.1 | 1,336.7 | 1,579.9 | 1,458.0 | 1,429.8 | 1,057.4 | 1,328.3 |
|
2. Short-term prepayments to suppliers
|
107.8 | 124.0 | 90.6 | 138.4 | 119.7 | 115.4 | 105.1 | 164.8 | 105.2 | 121.1 | 126.4 | 160.7 |
|
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
|
155.4 | 61.3 | 43.3 | 43.3 | 43.0 | 37.5 | 25.6 | 217.4 | 599.9 | 66.1 | 24.6 | 74.3 |
|
6. Other short-term receivables
|
76.8 | 83.8 | 101.3 | 242.5 | 112.7 | 166.2 | 73.2 | 108.1 | 113.5 | 94.9 | 120.4 | 128.6 |
|
7. Provision for short-term doubtful debts (*)
|
-63.7 | -64.3 | -67.0 | -67.4 | -61.4 | -60.0 | -59.0 | -59.1 | -48.7 | -55.1 | -53.1 | -56.2 |
|
8. Assets awaiting resolution
|
— | 0.0 | — | — | 0.0 | 0.0 | -2.8 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
3,268.5 | 3,771.4 | 4,307.2 | 3,396.7 | 3,098.5 | 3,193.7 | 3,771.2 | 3,050.0 | 3,083.6 | 3,747.2 | 3,736.5 | 3,018.3 |
|
1. Inventories
|
3,298.6 | 3,807.4 | 4,346.4 | 3,440.1 | 3,162.6 | 3,256.4 | 3,839.0 | 3,123.7 | 3,157.4 | 3,835.4 | 3,824.0 | 3,109.0 |
|
2. Provision for decline in value of inventories
|
-30.1 | -36.1 | -39.2 | -43.4 | -64.1 | -62.6 | -67.8 | -73.7 | -73.8 | -88.2 | -87.5 | -90.8 |
|
V. Other short-term assets
|
277.0 | 255.0 | 185.0 | 200.2 | 152.3 | 164.9 | 155.5 | 184.3 | 181.1 | 187.0 | 200.9 | 184.7 |
|
1. Short-term prepayments
|
40.9 | 42.5 | 37.9 | 41.9 | 34.8 | 37.0 | 36.3 | 47.7 | 62.7 | 66.6 | 78.2 | 40.0 |
|
2. Value added tax to be reclaimed
|
220.4 | 198.2 | 132.9 | 133.2 | 106.9 | 114.7 | 107.5 | 104.4 | 107.2 | 103.0 | 103.1 | 123.9 |
|
3. Taxes and other receivables from state authorities
|
15.6 | 14.3 | 14.2 | 25.2 | 10.6 | 13.3 | 11.7 | 32.2 | 11.3 | 17.3 | 19.7 | 20.8 |
|
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)
|
5,321.5 | 5,210.3 | 5,249.1 | 5,462.6 | 5,553.4 | 5,492.6 | 5,770.9 | 5,839.4 | 5,876.3 | 5,897.3 | 5,967.5 | 5,938.3 |
|
I. Long-term receivables
|
22.4 | 24.3 | 10.9 | 9.7 | 5.8 | 6.7 | 6.8 | 6.3 | 6.4 | 4.0 | 2.0 | 2.0 |
|
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
|
13.4 | 13.4 | — | 2.7 | 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
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
10.7 | 10.9 | 10.9 | 7.0 | 7.1 | 6.7 | 6.8 | 6.3 | 6.4 | 4.0 | 2.0 | 2.0 |
|
7. Provision for long-term doubtful debts
|
-1.7 | — | — | — | -1.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
3,751.3 | 3,906.0 | 3,969.8 | 4,024.9 | 4,110.7 | 4,015.7 | 4,053.3 | 4,098.5 | 4,122.2 | 4,171.0 | 4,156.2 | 4,067.3 |
|
1. Tangible fixed assets
|
2,172.3 | 2,309.1 | 2,350.5 | 2,386.3 | 2,438.9 | 2,322.5 | 2,338.2 | 2,370.9 | 2,372.8 | 2,406.1 | 2,372.2 | 2,262.2 |
|
- Cost
|
— | — | — | — | 5,148.1 | 5,017.4 | 4,783.9 | 4,718.9 | 4,595.4 | 4,589.8 | 4,464.4 | 4,286.9 |
|
- Accumulated depreciation
|
— | — | — | — | -2,709.3 | -2,694.9 | -2,445.7 | -2,348.0 | -2,222.6 | -2,183.7 | -2,092.2 | -2,024.7 |
|
2. Financial leased fixed assets
|
11.6 | 7.9 | 8.2 | 3.4 | 3.5 | 3.6 | 3.7 | 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 |
|
3. Intangible fixed assets
|
1,567.4 | 1,589.0 | 1,611.0 | 1,635.2 | 1,668.4 | 1,689.6 | 1,711.4 | 1,727.6 | 1,749.4 | 1,764.9 | 1,784.0 | 1,805.1 |
|
- 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
|
414.1 | 414.9 | 417.2 | 416.7 | 417.5 | 417.7 | 417.9 | 418.8 | 419.4 | 412.4 | 413.0 | 413.7 |
|
- 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
|
347.5 | 234.7 | 207.5 | 188.4 | 170.4 | 210.4 | 178.7 | 175.8 | 171.2 | 134.8 | 203.6 | 277.6 |
|
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
|
347.5 | 234.7 | 207.5 | 188.4 | 170.4 | 210.4 | 178.7 | 175.8 | 171.2 | 134.8 | 203.6 | 277.6 |
|
V. Long-term financial investments
|
26.1 | 26.1 | 26.1 | 226.1 | 226.1 | 226.1 | 488.4 | 485.8 | 525.2 | 521.2 | 518.9 | 516.6 |
|
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
|
— | — | — | — | 0.0 | 0.0 | 262.3 | 259.7 | 299.1 | 295.1 | 292.8 | 290.4 |
|
3. Investments in other entities
|
26.1 | 26.1 | 26.1 | 26.1 | 26.1 | 26.1 | 26.1 | 26.1 | 26.1 | 26.1 | 26.1 | 26.1 |
|
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
|
— | — | — | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 |
|
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
|
760.1 | 604.2 | 617.7 | 596.9 | 622.9 | 616.0 | 625.8 | 530.2 | 527.0 | 533.6 | 538.0 | 509.2 |
|
1. Long-term prepayments
|
644.7 | 511.6 | 508.4 | 485.7 | 499.4 | 492.1 | 494.8 | 499.9 | 506.7 | 514.7 | 519.6 | 486.8 |
|
2. Deferred income tax assets
|
58.4 | 31.9 | 45.3 | 42.5 | 44.1 | 26.1 | 22.5 | 29.5 | 19.5 | 18.1 | 17.5 | 21.6 |
|
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
|
1.2 | 1.2 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 |
|
5. Goodwill
|
55.7 | 59.5 | 63.2 | 68.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
— | — | — | — | 78.6 | 96.9 | 107.7 | 124.1 | 104.8 | 120.4 | 135.9 | 152.0 |
|
TOTAL ASSETS (280=100+200)
|
15,707.1 | 17,886.6 | 20,728.6 | 25,871.3 | 23,852.7 | 23,709.5 | 23,364.4 | 19,878.8 | 20,214.8 | 19,329.1 | 19,879.7 | 16,012.4 |
|
A. LIABILITIES (300=210+330)
|
6,622.8 | 9,231.3 | 11,768.8 | 16,868.5 | 15,013.7 | 15,014.9 | 14,995.5 | 11,382.6 | 11,874.1 | 11,306.0 | 12,001.3 | 8,122.2 |
|
I. Short -term liabilities
|
5,791.4 | 8,347.8 | 11,279.2 | 16,372.5 | 14,385.1 | 14,246.3 | 14,218.4 | 10,406.7 | 10,894.7 | 10,726.1 | 11,418.2 | 7,733.1 |
|
1. Short-term trade accounts payable
|
661.9 | 1,016.4 | 833.7 | 400.9 | 522.3 | 587.7 | 475.4 | 617.5 | 918.1 | 815.2 | 883.6 | 479.2 |
|
2. Short-term advances from customers
|
69.1 | 61.7 | 72.5 | 49.5 | 75.1 | 58.7 | 38.6 | 37.2 | 48.2 | 53.7 | 36.2 | 47.6 |
|
3. Taxes and other payables to state authorities
|
189.0 | 104.4 | 85.5 | 68.2 | 135.5 | 97.7 | 49.4 | 74.1 | 126.0 | 45.8 | 44.8 | 61.6 |
|
4. Payable to employees
|
313.4 | 272.0 | 281.7 | 270.6 | 460.8 | 318.8 | 305.5 | 238.2 | 383.1 | 216.9 | 182.7 | 134.9 |
|
5. Short-term acrrued expenses
|
622.1 | 595.3 | 465.5 | 495.6 | 495.2 | 560.6 | 329.5 | 495.7 | 502.7 | 526.9 | 548.3 | 685.0 |
|
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
|
0.7 | 1.9 | 2.1 | 2.4 | 2.6 | 2.3 | 4.2 | 5.0 | 0.4 | 0.6 | 0.8 | 1.4 |
|
9. Other short-term payables
|
394.5 | 179.9 | 273.9 | 888.3 | 1,070.5 | 388.4 | 455.7 | 371.7 | 368.0 | 388.2 | 359.4 | 342.1 |
|
10. Short-term borrowings and financial leases
|
3,343.5 | 5,900.6 | 9,047.0 | 14,062.1 | 11,441.5 | 12,047.2 | 12,376.6 | 8,461.2 | 8,379.3 | 8,511.4 | 9,180.6 | 5,832.8 |
|
11. Provision for short-term liabilities
|
10.9 | 11.9 | 9.8 | 9.8 | 10.5 | 9.8 | 9.8 | 9.8 | 9.8 | 9.8 | 9.8 | 9.8 |
|
12.. Bonus and welfare fund
|
186.5 | 203.9 | 207.6 | 125.1 | 171.1 | 175.0 | 173.9 | 96.3 | 159.1 | 157.7 | 172.0 | 138.6 |
|
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
|
831.4 | 883.4 | 489.6 | 496.0 | 628.6 | 768.6 | 777.0 | 975.9 | 979.4 | 579.9 | 583.1 | 389.1 |
|
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
|
— | — | — | 0.4 | 0.4 | 1.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Other long-term liabilities
|
11.8 | 8.3 | 8.2 | 7.4 | 6.7 | 8.7 | 8.8 | 8.5 | 8.5 | 6.2 | 8.0 | 7.7 |
|
8. Long-term borrowings and financial leases
|
465.2 | 511.7 | 112.3 | 108.0 | 259.1 | 411.5 | 405.7 | 603.0 | 602.7 | 203.3 | 201.8 | 4.2 |
|
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
|
322.7 | 326.7 | 329.6 | 332.8 | 335.0 | 319.8 | 334.9 | 337.8 | 340.5 | 343.3 | 345.8 | 348.3 |
|
12. Provision for long-term liabilities
|
31.7 | 36.8 | 39.5 | 47.4 | 27.5 | 27.2 | 27.6 | 26.7 | 27.7 | 27.0 | 27.5 | 28.8 |
|
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)
|
9,084.3 | 8,655.3 | 8,959.9 | 9,002.7 | 8,839.0 | 8,694.6 | 8,368.9 | 8,496.2 | 8,340.8 | 8,023.1 | 7,878.4 | 7,890.2 |
|
I. Owner's equity
|
9,084.3 | 8,655.3 | 8,959.9 | 9,002.7 | 8,839.0 | 8,694.6 | 8,368.9 | 8,496.2 | 8,340.8 | 8,023.1 | 7,878.4 | 7,890.2 |
|
1. Owner's capital
|
2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,163.6 |
|
- Common stock with voting right
|
2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,162.9 | 2,163.6 |
|
- Preferred stock
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
904.7 | 904.7 | 904.7 | 904.7 | 904.7 | 904.7 | 904.7 | 904.7 | 904.7 | 904.7 | 904.7 | 904.7 |
|
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
|
60.7 | 60.7 | 60.7 | 60.7 | 60.7 | 60.7 | 55.5 | 55.5 | 55.5 | 55.5 | 55.5 | 55.5 |
|
5. Treasury shares
|
-167.2 | -167.2 | -167.2 | -167.2 | -167.2 | -167.2 | -167.2 | -167.2 | -167.2 | -167.2 | -167.2 | -167.8 |
|
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
|
461.5 | 468.3 | 509.6 | 408.9 | 413.5 | 413.8 | 417.0 | 382.8 | 379.1 | 388.8 | 390.0 | 364.3 |
|
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
|
— | — | — | — | 0.8 | 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
1,918.8 | 1,654.9 | 1,784.7 | 1,786.5 | 1,668.8 | 1,577.5 | 1,396.7 | 1,523.3 | 1,453.5 | 1,260.7 | 1,170.5 | 1,177.2 |
|
- Accumulated retained earning at the end of the previous period
|
1,425.5 | 1,430.9 | 1,537.0 | 1,678.8 | 1,195.6 | 1,216.2 | 1,227.8 | 1,439.7 | 1,045.8 | 1,059.6 | 1,065.4 | 1,137.1 |
|
- Undistributed earnings in this period
|
493.3 | 223.9 | 247.7 | 107.7 | 473.2 | 361.3 | 168.9 | 83.6 | 407.7 | 201.1 | 105.2 | 40.0 |
|
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
|
3,742.9 | 3,571.0 | 3,704.5 | 3,846.2 | 3,794.8 | 3,741.3 | 3,599.3 | 3,634.2 | 3,552.2 | 3,417.6 | 3,361.9 | 3,392.7 |
|
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)
|
15,707.1 | 17,886.6 | 20,728.6 | 25,871.3 | 23,852.7 | 23,709.5 | 23,364.4 | 19,878.8 | 20,214.8 | 19,329.1 | 19,879.7 | 16,012.4 |
| 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
|
515.7 | 304.9 | 307.3 | 236.1 | 506.2 | 361.5 | 260.2 | 200.5 | 422.4 | 217.9 | 184.8 | 130.9 |
|
Depreciation of Fixed Assets and Investment Property
|
129.5 | 95.4 | 140.4 | 138.8 | 118.4 | 115.2 | 153.1 | 140.2 | 127.5 | 134.8 | 131.1 | 106.6 |
|
Provision (Increase)/Reversal
|
-17.5 | -8.8 | -10.7 | 6.8 | 4.8 | -11.4 | 2.3 | 7.4 | -17.5 | -2.4 | -3.8 | 2.7 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-1.9 | 9.4 | -19.0 | -6.1 | -26.2 | 13.7 | -13.7 | -1.3 | -19.1 | 29.6 | -16.4 | 9.9 |
|
Gain/Loss from Investment Activities
|
-51.9 | -90.8 | -136.7 | -158.6 | -165.9 | -335.7 | -45.2 | -105.9 | -145.9 | -169.6 | -95.7 | -108.4 |
|
Interest Expense
|
62.0 | 89.1 | 137.8 | 115.2 | 85.8 | 102.1 | 83.1 | 82.7 | 116.5 | 132.9 | 109.5 | 97.6 |
|
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
|
635.9 | 399.2 | 419.1 | 332.2 | 523.2 | 245.4 | 439.8 | 323.6 | 483.8 | 343.1 | 309.5 | 239.3 |
|
Increase/(Decrease) in Receivables
|
345.1 | -875.2 | 167.0 | -595.5 | 596.9 | -426.4 | 321.4 | -204.6 | 414.0 | -793.8 | 390.9 | -76.0 |
|
Increase/(Decrease) in Inventory
|
510.5 | 552.0 | -919.3 | -288.5 | 93.8 | 535.8 | -668.5 | 33.6 | 677.1 | 3.9 | -730.3 | 31.1 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
130.7 | -90.9 | -347.3 | -307.2 | 941.9 | 154.9 | -231.2 | -532.9 | 235.8 | -72.0 | 228.4 | -746.1 |
|
Increase/(Decrease) in Prepaid Expenses
|
-148.4 | -6.4 | -20.1 | 9.2 | -5.2 | 7.0 | 11.5 | 23.9 | -1.2 | 22.2 | -76.7 | -2.8 |
|
Changes in Trading Securities
|
— | — | — | — | 680.9 | 0.0 | -3,900.0 | 0.0 | -0.0 | -0.0 | -3,370.0 | -1,100.0 |
|
Interest Paid
|
-38.9 | -117.4 | -213.6 | -41.2 | -220.9 | -8.7 | -96.0 | -71.0 | -109.3 | -152.9 | -96.8 | -103.5 |
|
Corporate Income Tax Paid
|
-32.3 | -12.0 | -0.7 | -134.5 | -36.6 | -3.3 | -14.3 | -116.8 | -37.8 | -20.7 | -19.3 | -36.3 |
|
Other Operating Receipts
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-31.9 | — | -115.6 | — | 0.0 | 112.0 | -112.0 | 0.0 | -102.3 | 52.3 | -52.3 | 0.0 |
|
Net Cash Flow from Operating Activities
|
3,478.1 | 3,341.8 | 5,120.5 | -2,885.5 | 2,574.0 | 616.7 | -4,249.3 | -544.2 | 1,560.0 | -617.9 | -3,416.6 | -1,794.3 |
|
Payments for Fixed Assets and Other Long-term Assets
|
91.7 | -85.1 | -102.8 | -82.4 | -102.8 | -40.8 | -115.4 | -22.3 | -82.7 | -55.2 | -118.7 | -84.4 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
17.1 | 1.9 | 5.8 | 1.6 | 6.8 | 2.6 | 4.1 | 1.5 | 16.3 | 2.1 | 4.7 | 0.5 |
|
Loans and Purchases of Debt Instruments
|
1,882.1 | 565.5 | -966.0 | -261.2 | 0.0 | 591.2 | 350.8 | -942.1 | 1,244.8 | -3,679.8 | -33.7 | -249.7 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
-2,317.6 | -1,029.7 | 1,225.4 | — | 211.4 | -1,011.2 | -296.0 | 1,727.5 | -2,245.0 | 4,337.7 | -249.8 | 866.2 |
|
Investments in Other Entities
|
— | — | — | — | 688.6 | 46.1 | -46.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.1 | 0.0 | -0.2 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
-224.4 | 353.3 | 167.8 | 132.8 | -444.6 | 294.7 | 70.6 | 79.3 | -264.7 | 582.7 | 78.5 | 99.0 |
|
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
|
-994.6 | -194.0 | 330.2 | -209.1 | 359.5 | -117.5 | -31.8 | 843.9 | -1,331.4 | 1,187.5 | -319.0 | 631.5 |
|
Proceeds from Equity Issuance and Capital Contributions
|
— | — | — | — | 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 |
|
Proceeds from Borrowings
|
-2,767.8 | 5,870.0 | 5,146.4 | 3,363.8 | 6,643.1 | 2,685.2 | 10,425.1 | 1,969.0 | -25.3 | 10,624.8 | 6,806.2 | 2,811.9 |
|
Repayment of Borrowings
|
106.2 | -8,678.7 | -10,080.5 | -970.8 | -7,397.2 | -3,011.4 | -6,702.4 | -1,889.0 | 366.9 | -11,354.9 | -3,219.6 | -2,173.7 |
|
Repayment of Finance Leases
|
-3.9 | — | -2.0 | — | 0.0 | 0.0 | 0.0 | 0.0 | -174.5 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
53.0 | -191.1 | -178.3 | -7.0 | -408.8 | -56.4 | -108.8 | -28.4 | -34.9 | 0.5 | -90.0 | -50.0 |
|
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
|
-2,614.5 | -2,997.9 | -5,114.4 | 2,386.0 | -1,162.9 | -382.6 | 3,613.9 | 51.6 | 306.7 | -729.7 | 3,496.6 | 588.3 |
|
Net Cash Flow During the Period
|
-131.1 | 149.9 | 336.3 | -708.6 | 1,770.6 | 116.6 | -667.1 | 351.3 | 535.4 | -160.0 | -239.1 | -574.5 |
|
Cash and Cash Equivalents at Beginning of Period
|
2,736.5 | 2,599.3 | 2,250.3 | 2,958.9 | 1,402.4 | 1,402.4 | 1,402.4 | 1,402.4 | 1,838.0 | 1,838.0 | 1,838.0 | 1,838.0 |
|
FX Difference from Revaluation
|
21.3 | — | 12.7 | — | 0.0 | -10.2 | 10.2 | 0.0 | 2.7 | 1.3 | -1.3 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
2,626.7 | 2,736.5 | 2,599.3 | 2,250.3 | 2,973.8 | 1,203.2 | 1,096.8 | 1,753.7 | 1,402.4 | 864.4 | 1,023.1 | 1,263.5 |
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