BAF
Listed Company · HOSE
Price
34,950
Latest close
03 Apr 2026
P/E
573.0x
EPS
(TTM)
61
ROE
(TTM)
2.4%
P/B
2.6x
BVPS
(Latest)
13,279
ROA
(TTM)
0.9%
What Is Changing
BAF has not yet shown a broad-based top-line recovery. Revenue posted -10.5% YoY, but net margin reached 1.99% with an additional -3.7pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Income growth slowed to -68.5% in 2025 from 951.7% in the prior period, at VND 100.4bn.
- Revenue decreased 10.5% YoY to VND 5,045.9bn in 2025.
- Net margin declined from 5.65% in the prior period to 1.99% in 2025.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 5,045.9 | 5,640.7 | 5,198.8 | 7,083.4 | 10,413.6 |
| Growth | -11% | +9% | -27% | -32% | — |
| Net Income | 100.4 | 318.9 | 30.3 | 287.8 | 321.8 |
| Net Margin | 1.99% | 5.65% | 0.58% | 4.06% | 3.09% |
| 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 | 1,399.2 | 1,136.3 | 1,387.3 | 1,123.6 | 1,626.7 | 1,313.8 | 1,226.0 | 1,292.0 | 1,625.0 | 1,219.0 | 1,638.3 | 816.5 |
| Growth | +23% | -18% | +23% | -31% | +24% | +7% | -5% | -20% | +33% | -26% | +101% | — |
| Net Income | -264.9 | 22.5 | 196.2 | 133.5 | 109.2 | 60.0 | 35.2 | 118.7 | -29.5 | 40.1 | 12.2 | 3.9 |
| Net Margin | -18.93% | 1.98% | 14.14% | 11.89% | 6.72% | 4.57% | 2.87% | 9.18% | -1.81% | 3.29% | 0.74% | 0.48% |
Financial Statements
Profitability
Net margin reached 1.99% while Revenue posted -10.5% YoY.
Balance Sheet
Inventory stood at 2,692.0bn, liabilities at 6,706.5bn, and equity at 4,037.1bn.
Cash Flow
Operating cash flow was -291.9bn in 2024, while investing cash flow was -573.8bn.
Financing cash flow: 919.5bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
5,050.1 | 5,641.0 | 5,204.2 | 7,085.4 | 10,414.2 |
|
Revenue Deductions
|
4.2 | 0.3 | 5.4 | 2.0 | 0.0 |
|
Net Revenue
|
5,045.9 | 5,640.7 | 5,198.8 | 7,083.4 | 10,413.6 |
|
Cost of Goods Sold
|
4,224.2 | 4,924.4 | 4,855.5 | 6,558.0 | 0.0 |
|
Gross Profit
|
821.7 | 716.3 | 343.3 | 525.4 | 488.3 |
|
Financial Income
|
21.6 | 22.2 | 37.9 | 8.3 | 5.4 |
|
Financial Expenses
|
290.1 | 222.2 | 155.4 | 31.2 | -32.1 |
|
Interest Expense
|
256.2 | 200.7 | 141.4 | 36.3 | -8.3 |
|
Share of Associates and Joint Ventures
|
0.0 | 0.0 | 0.0 | 0.8 | -0.7 |
|
Selling Expenses
|
214.4 | 76.6 | 93.2 | 72.2 | -15.7 |
|
General and Administrative Expenses
|
247.7 | 137.3 | 99.5 | 87.6 | -55.0 |
|
Operating Profit
|
91.1 | 302.4 | 33.1 | 343.5 | 390.1 |
|
Other Income
|
13.7 | 110.2 | 1.3 | 1.0 | 0.0 |
|
Other Expenses
|
2.9 | 6.3 | 9.9 | 5.6 | 0.0 |
|
Other Profit
|
10.8 | 103.9 | -8.5 | -4.6 | 0.4 |
|
Profit Before Tax
|
101.9 | 406.2 | 24.5 | 338.9 | 390.5 |
|
Current Income Tax Expense
|
15.0 | 56.6 | 21.7 | 56.6 | -68.6 |
|
Deferred Income Tax Expense
|
-13.5 | 30.7 | -27.5 | -5.5 | 0.0 |
|
Net Income
|
100.4 | 318.9 | 30.3 | 287.8 | 321.8 |
|
Non-controlling Interest
|
2.2 | 1.9 | 4.0 | 1.1 | 0.1 |
|
Profit Attributable to Parent
|
98.3 | 317.0 | 26.4 | 286.7 | 321.8 |
|
Earnings per Share
|
412.00 | 1,556.00 | 184.00 | 2,592.00 | 4,125.18 |
|
Diluted EPS
|
323.18 | 1,556.00 | 184.00 | 2,592.00 | 4,125.18 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
4,355.9 | 3,081.0 | 3,148.0 | 2,662.7 | 4,310.7 |
|
I. Cash and cash equivalents
|
364.5 | 148.9 | 95.2 | 151.4 | 290.9 |
|
1. Cash
|
363.3 | 146.4 | 92.6 | 108.6 | 0.0 |
|
2. Cash equivalents
|
1.2 | 2.5 | 2.5 | 42.8 | 0.0 |
|
II. Short-term financial investments
|
478.9 | 290.7 | 326.5 | 100.0 | 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
|
478.9 | 290.7 | 326.5 | 100.0 | 0.0 |
|
III. Short-term receivables
|
714.7 | 444.1 | 1,105.1 | 1,502.5 | 2,863.4 |
|
1. Short-term trade accounts receivable
|
83.0 | 188.7 | 890.5 | 1,314.0 | 0.0 |
|
2. Short-term prepayments to suppliers
|
531.6 | 197.4 | 149.7 | 142.1 | 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
|
0.2 | 0.1 | 0.0 | 1.9 | 0.0 |
|
6. Other short-term receivables
|
106.9 | 62.2 | 66.1 | 48.7 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
-6.9 | -4.3 | -4.3 | -4.3 | 0.0 |
|
8. Assets awaiting resolution
|
0.0 | 0.0 | 3.0 | 0.1 | 0.0 |
|
IV. Inventories
|
2,692.0 | 2,156.1 | 1,593.0 | 881.8 | 1,087.7 |
|
1. Inventories
|
2,692.0 | 2,156.1 | 1,593.0 | 881.8 | 0.0 |
|
2. Provision for decline in value of inventories
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
V. Other short-term assets
|
105.8 | 41.2 | 28.3 | 27.0 | 11.5 |
|
1. Short-term prepayments
|
90.1 | 24.7 | 23.7 | 23.2 | 0.0 |
|
2. Value added tax to be reclaimed
|
12.2 | 13.2 | 4.0 | 3.7 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
3.5 | 3.4 | 0.6 | 0.1 | 0.0 |
|
4. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
6,387.7 | 4,368.0 | 3,385.6 | 2,066.4 | 1,146.5 |
|
I. Long-term receivables
|
246.3 | 223.7 | 120.5 | 81.7 | 0.0 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 99.0 |
|
2. Long-term prepayments to suppliers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
0.0 | 0.0 | 0.4 | 0.7 | 0.0 |
|
6. Other long-term receivables
|
246.3 | 223.7 | 120.1 | 81.0 | 0.0 |
|
7. Provision for long-term doubtful debts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
3,447.7 | 2,394.4 | 1,617.4 | 1,096.1 | 541.2 |
|
1. Tangible fixed assets
|
3,316.8 | 2,370.1 | 1,430.2 | 889.0 | 359.6 |
|
- Cost
|
3,978.9 | 2,799.4 | 1,686.2 | 1,048.3 | 0.0 |
|
- Accumulated depreciation
|
-662.0 | -429.3 | -256.0 | -159.3 | 0.0 |
|
2. Financial leased fixed assets
|
126.9 | 18.5 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
133.8 | 19.5 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-7.0 | -1.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
4.1 | 5.7 | 187.2 | 207.1 | 181.6 |
|
- Cost
|
12.9 | 12.9 | 192.8 | 212.6 | 0.0 |
|
- Accumulated depreciation
|
-8.9 | -7.1 | -5.6 | -5.5 | 0.0 |
|
III. Investment properties
|
0.0 | 0.0 | 0.0 | 14.6 | 14.9 |
|
- Cost
|
0.0 | 0.0 | 0.0 | 15.2 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 | -0.5 | 0.0 |
|
IV. Long-term assets in progress
|
1,396.1 | 891.5 | 901.8 | 353.4 | 248.2 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 | 353.4 | 0.0 |
|
2. Construction in progress
|
1,396.1 | 891.5 | 901.8 | 0.0 | 0.0 |
|
V. Long-term financial investments
|
0.0 | 0.0 | 0.0 | 29.5 | 63.3 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Investments in other entities
|
0.0 | 0.0 | 0.0 | 29.5 | 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
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
1,297.6 | 858.4 | 746.0 | 491.1 | 0.0 |
|
1. Long-term prepayments
|
1,273.1 | 848.4 | 707.3 | 483.4 | 0.0 |
|
2. Deferred income tax assets
|
21.9 | 7.9 | 36.1 | 4.8 | 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 | 179.9 |
|
5. Goodwill
|
2.5 | 2.2 | 2.5 | 2.9 | 0.0 |
|
VII. Goodwill (before 2015)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
10,743.6 | 7,449.0 | 6,533.7 | 4,729.1 | 5,457.2 |
|
A. LIABILITIES (300=210+330)
|
6,706.5 | 4,513.3 | 4,625.3 | 2,986.4 | 4,002.4 |
|
I. Short -term liabilities
|
4,343.6 | 3,064.6 | 3,011.1 | 2,291.7 | 3,852.9 |
|
1. Short-term trade accounts payable
|
2,004.7 | 1,771.1 | 2,187.5 | 1,900.9 | 3,774.3 |
|
2. Short-term advances from customers
|
6.0 | 5.3 | 30.8 | 8.6 | 1.4 |
|
3. Taxes and other payables to state authorities
|
21.3 | 62.3 | 19.3 | 54.8 | 0.0 |
|
4. Payable to employees
|
45.3 | 38.6 | 18.8 | 23.7 | 0.0 |
|
5. Short-term acrrued expenses
|
63.1 | 47.2 | 36.8 | 30.6 | 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
|
0.2 | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Other short-term payables
|
24.8 | 1.4 | 14.2 | 8.7 | 0.0 |
|
10. Short-term borrowings and financial leases
|
2,178.2 | 1,138.7 | 703.7 | 264.4 | 16.1 |
|
11. Provision for short-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
0.0 | 0.0 | 0.0 | 0.0 | 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
|
2,362.9 | 1,448.7 | 1,614.3 | 694.7 | 149.5 |
|
1. Long-term trade payables
|
36.7 | 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
|
38.3 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Long-term borrowings and financial leases
|
1,779.1 | 965.3 | 1,156.1 | 692.9 | 146.9 |
|
9. Convertible bonds
|
500.1 | 475.2 | 452.5 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
8.7 | 8.1 | 5.7 | 1.8 | 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)
|
4,037.1 | 2,935.8 | 1,908.3 | 1,742.7 | 1,454.9 |
|
I. Owner's equity
|
4,037.1 | 2,935.8 | 1,908.3 | 1,742.7 | 0.0 |
|
1. Owner's capital
|
3,040.2 | 2,390.2 | 1,435.2 | 1,435.2 | 1,454.9 |
|
- Common stock with voting right
|
3,040.2 | 2,390.2 | 1,435.2 | 1,435.2 | 780.0 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
356.6 | 0.0 | 0.0 | 0.0 | 279.8 |
|
3. Convertible bond option
|
137.6 | 137.6 | 137.6 | 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
|
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 |
|
10. Other funds from owner's equity
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
496.5 | 398.3 | 324.9 | 298.7 | 387.4 |
|
- Accumulated retained earning at the end of the previous period
|
398.3 | 80.9 | 298.7 | 12.0 | 65.6 |
|
- Undistributed earnings in this period
|
98.3 | 317.4 | 26.2 | 286.7 | 321.8 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
6.1 | 9.6 | 10.6 | 8.8 | 7.7 |
|
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)
|
10,743.6 | 7,449.0 | 6,533.7 | 4,729.1 | 5,457.2 |
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
|
Profit Before Tax
|
406.2 | 24.5 | 338.9 | 390.5 |
|
Depreciation of Fixed Assets and Investment Property
|
165.2 | 104.6 | 58.8 | 32.5 |
|
Provision (Increase)/Reversal
|
0.0 | -0.0 | -3.6 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.3 | 3.2 | -0.2 | 0.0 |
|
Gain/Loss from Investment Activities
|
-113.1 | -45.2 | -4.9 | 0.0 |
|
Interest Expense
|
216.6 | 151.5 | 36.3 | 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
|
675.2 | 238.6 | 425.3 | 428.3 |
|
Increase/(Decrease) in Receivables
|
232.2 | 342.3 | 1,424.1 | 0.0 |
|
Increase/(Decrease) in Inventory
|
-563.1 | -711.1 | 205.9 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
-374.1 | 126.0 | -2,040.5 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
-49.0 | -224.4 | -303.4 | 0.0 |
|
Changes in Trading Securities
|
0.0 | 0.0 | 65.1 | 0.0 |
|
Interest Paid
|
-197.8 | -133.1 | -27.9 | 0.0 |
|
Corporate Income Tax Paid
|
-25.0 | -58.0 | -18.0 | 0.0 |
|
Other Operating Receipts
|
9.6 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
-291.9 | -419.7 | -269.4 | 104.6 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-797.7 | -1,011.5 | -504.5 | -384.2 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
294.1 | 23.9 | 0.0 | 23.8 |
|
Loans and Purchases of Debt Instruments
|
-302.9 | -266.5 | -101.9 | 0.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
339.0 | 42.2 | 16.4 | 21.2 |
|
Investments in Other Entities
|
-127.2 | 0.0 | 0.0 | -197.5 |
|
Proceeds from Investments in Other Entities
|
0.0 | 44.1 | 15.0 | 0.0 |
|
Dividends and Interest Income Received
|
20.9 | 12.6 | -3.6 | 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
|
-573.8 | -1,155.3 | -578.5 | -530.2 |
|
Proceeds from Equity Issuance and Capital Contributions
|
711.0 | 137.6 | 0.0 | 559.8 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
2,094.7 | 2,140.1 | 882.8 | 99.1 |
|
Repayment of Borrowings
|
-1,879.6 | -759.1 | -124.4 | -10.5 |
|
Repayment of Finance Leases
|
-2.3 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-4.3 | 0.0 | 0.0 | 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
|
919.5 | 1,518.7 | 758.4 | 648.4 |
|
Net Cash Flow During the Period
|
53.7 | -56.2 | -89.5 | -174.0 |
|
Cash and Cash Equivalents at Beginning of Period
|
95.2 | 151.4 | 240.9 | 68.1 |
|
FX Difference from Revaluation
|
0.0 | 0.0 | 0.0 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
148.9 | 95.2 | 151.4 | 290.9 |
| 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
|
1,402.2 | 1,137.0 | 1,387.5 | 1,123.8 | 1,626.8 | 1,313.8 | 1,226.1 | 1,292.1 | 1,625.1 | 1,223.2 | 1,638.6 | 817.4 |
|
Revenue Deductions
|
3.0 | 0.7 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 4.2 | 0.3 | 0.8 |
|
Net Revenue
|
1,399.2 | 1,136.3 | 1,387.3 | 1,123.6 | 1,626.7 | 1,313.8 | 1,226.0 | 1,292.0 | 1,625.0 | 1,219.0 | 1,638.3 | 816.5 |
|
Cost of Goods Sold
|
1,448.2 | 872.4 | 1,044.8 | 833.1 | 1,397.2 | 1,091.0 | 1,052.4 | 1,120.2 | 1,583.8 | 1,075.7 | 1,535.9 | 753.1 |
|
Gross Profit
|
-49.0 | 263.9 | 342.5 | 290.5 | 229.5 | 222.8 | 173.6 | 171.8 | 41.2 | 143.3 | 102.3 | 63.5 |
|
Financial Income
|
6.2 | 5.2 | 5.8 | 4.3 | 4.5 | 4.1 | 1.6 | 6.9 | 11.3 | 2.9 | 22.7 | 0.5 |
|
Financial Expenses
|
88.1 | 67.9 | 70.0 | 67.7 | 58.4 | 55.1 | 66.4 | 46.9 | 55.1 | 44.1 | 45.7 | 22.3 |
|
Interest Expense
|
137.2 | 59.5 | 62.2 | 62.2 | 58.6 | 61.3 | 66.1 | 46.4 | 53.7 | 47.1 | 45.6 | 23.3 |
|
Share of Associates and Joint Ventures
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Selling Expenses
|
74.1 | 107.3 | 13.3 | 35.8 | 19.8 | 68.2 | 46.0 | 22.9 | 25.9 | 23.8 | 23.7 | 20.8 |
|
General and Administrative Expenses
|
72.5 | 70.2 | 59.8 | 52.9 | 46.3 | 34.5 | 30.6 | 24.3 | 26.2 | 25.8 | 24.8 | 23.9 |
|
Operating Profit
|
-277.5 | 23.7 | 205.3 | 138.3 | 109.5 | 69.1 | 32.3 | 84.6 | -54.7 | 52.5 | 31.0 | -3.0 |
|
Other Income
|
0.0 | 4.9 | 5.0 | 8.9 | 9.8 | 1.6 | 45.6 | 56.0 | 10.3 | 0.1 | 0.0 | 9.4 |
|
Other Expenses
|
0.3 | 2.2 | 0.0 | 6.2 | 0.7 | 3.3 | 10.6 | 2.1 | 0.0 | 11.8 | 17.2 | 2.5 |
|
Other Profit
|
-0.3 | 2.7 | 5.0 | 2.7 | 9.1 | -1.7 | 35.1 | 53.9 | 10.3 | -11.6 | -17.2 | 6.9 |
|
Profit Before Tax
|
-277.8 | 26.4 | 210.3 | 141.0 | 118.6 | 67.5 | 67.3 | 138.5 | -44.4 | 40.9 | 13.8 | 3.9 |
|
Current Income Tax Expense
|
-6.2 | 4.0 | 19.8 | 8.3 | 11.8 | 2.3 | 9.3 | 19.8 | 13.0 | 0.0 | 2.5 | 0.0 |
|
Deferred Income Tax Expense
|
-6.7 | 0.0 | -5.7 | -0.9 | -2.4 | 5.1 | 22.7 | 0.0 | -27.9 | 0.8 | -0.8 | 0.0 |
|
Net Income
|
-264.9 | 22.5 | 196.2 | 133.5 | 109.2 | 60.0 | 35.2 | 118.7 | -29.5 | 40.1 | 12.2 | 3.9 |
|
Non-controlling Interest
|
0.0 | 1.8 | 1.5 | 1.1 | 1.0 | -0.4 | 1.1 | -0.9 | 1.3 | 0.9 | 1.2 | 0.7 |
|
Profit Attributable to Parent
|
-264.9 | 20.6 | 194.6 | 132.4 | 108.3 | 60.4 | 34.1 | 119.5 | -30.8 | 39.2 | 11.0 | 3.2 |
|
Earnings per Share
|
-1,111.00 | 87.00 | 526.00 | 559.00 | 457.00 | 578.00 | 284.00 | 827.00 | -214.64 | 273.04 | 76.41 | 22.22 |
|
Diluted EPS
|
-871.34 | 67.89 | 640.23 | 554.12 | 453.05 | 252.55 | 203.25 | 827.00 | -214.64 | 273.04 | 76.41 | 22.22 |
| 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)
|
4,355.9 | 3,810.8 | 3,499.7 | 4,032.6 | 3,130.3 | 3,080.3 | 3,531.5 | 3,296.9 | 3,157.0 | 3,705.6 | 3,679.4 | 3,754.6 |
|
I. Cash and cash equivalents
|
364.5 | 142.8 | 383.9 | 825.0 | 161.2 | 90.3 | 859.0 | 44.8 | 108.4 | 70.8 | 115.7 | 515.3 |
|
1. Cash
|
363.3 | 142.8 | 277.9 | 819.9 | 152.4 | 86.7 | 855.5 | 31.0 | 94.5 | 57.7 | 100.1 | 514.8 |
|
2. Cash equivalents
|
1.2 | 0.0 | 106.0 | 5.1 | 8.8 | 3.5 | 3.5 | 13.8 | 13.8 | 13.1 | 15.6 | 0.6 |
|
II. Short-term financial investments
|
478.9 | 360.8 | 244.8 | 316.3 | 267.7 | 323.3 | 296.3 | 346.0 | 315.0 | 330.0 | 317.0 | 100.0 |
|
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
|
478.9 | 360.8 | 244.8 | 316.3 | 267.7 | 323.3 | 296.3 | 346.0 | 315.0 | 330.0 | 317.0 | 100.0 |
|
III. Short-term receivables
|
714.7 | 747.3 | 586.8 | 604.6 | 511.2 | 572.5 | 409.6 | 996.3 | 1,093.8 | 1,866.9 | 2,000.6 | 1,686.1 |
|
1. Short-term trade accounts receivable
|
83.0 | 41.3 | 40.7 | 189.1 | 194.0 | 332.1 | 211.8 | 700.3 | 890.7 | 1,557.2 | 1,723.3 | 1,121.2 |
|
2. Short-term prepayments to suppliers
|
531.6 | 607.2 | 485.7 | 356.4 | 244.4 | 188.1 | 144.7 | 228.9 | 138.8 | 235.8 | 163.8 | 491.0 |
|
3. Short-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term loan receivables
|
0.2 | 0.2 | 0.2 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.9 | 0.9 | 1.0 |
|
6. Other short-term receivables
|
106.9 | 103.7 | 64.4 | 63.4 | 82.6 | 62.0 | 57.3 | 71.3 | 68.5 | 77.2 | 116.9 | 77.0 |
|
7. Provision for short-term doubtful debts (*)
|
-6.9 | -6.9 | -4.3 | -4.3 | -9.9 | -9.9 | -4.3 | -4.3 | -4.3 | -4.3 | -4.3 | -4.3 |
|
8. Assets awaiting resolution
|
0.0 | 1.8 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 |
|
IV. Inventories
|
2,692.0 | 2,511.9 | 2,231.9 | 2,238.0 | 2,151.7 | 2,068.8 | 1,942.7 | 1,882.6 | 1,604.6 | 1,405.0 | 1,216.6 | 1,424.9 |
|
1. Inventories
|
2,692.0 | 2,511.9 | 2,231.9 | 2,238.0 | 2,151.7 | 2,068.8 | 1,942.7 | 1,882.6 | 1,604.6 | 1,405.0 | 1,216.6 | 1,424.9 |
|
2. Provision for decline in value of inventories
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
V. Other short-term assets
|
105.8 | 48.0 | 52.3 | 48.7 | 38.6 | 25.5 | 23.9 | 27.1 | 35.3 | 32.9 | 29.5 | 28.3 |
|
1. Short-term prepayments
|
90.1 | 32.5 | 38.8 | 34.7 | 25.3 | 17.4 | 15.4 | 19.7 | 31.3 | 28.8 | 25.6 | 24.5 |
|
2. Value added tax to be reclaimed
|
12.2 | 9.1 | 10.1 | 10.4 | 13.3 | 8.1 | 7.8 | 7.3 | 3.9 | 4.1 | 3.8 | 3.8 |
|
3. Taxes and other receivables from state authorities
|
3.5 | 6.4 | 3.4 | 3.6 | 0.1 | 0.0 | 0.7 | 0.1 | 0.1 | 0.0 | 0.1 | 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)
|
6,387.7 | 5,795.5 | 5,022.6 | 4,555.5 | 4,336.2 | 3,878.5 | 3,802.0 | 3,463.7 | 3,417.1 | 3,023.9 | 2,700.8 | 2,235.4 |
|
I. Long-term receivables
|
246.3 | 233.3 | 222.5 | 227.6 | 212.5 | 178.1 | 182.0 | 178.9 | 124.4 | 125.6 | 93.1 | 77.4 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term prepayments to suppliers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.2 | 0.3 | 0.4 | 0.5 | 0.5 | 0.6 |
|
6. Other long-term receivables
|
246.3 | 233.3 | 222.5 | 227.6 | 212.4 | 178.1 | 181.8 | 178.6 | 124.0 | 125.1 | 92.6 | 76.8 |
|
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
|
3,447.7 | 2,981.5 | 2,933.0 | 2,415.6 | 2,375.0 | 1,799.8 | 1,758.0 | 1,529.1 | 1,615.4 | 1,412.7 | 1,082.5 | 1,070.3 |
|
1. Tangible fixed assets
|
3,316.8 | 2,918.3 | 2,871.3 | 2,374.1 | 2,350.7 | 1,780.2 | 1,737.6 | 1,522.9 | 1,428.2 | 1,225.6 | 894.9 | 882.7 |
|
- Cost
|
3,978.9 | 3,514.1 | 3,406.3 | 2,846.0 | 2,772.1 | 2,139.8 | 2,056.2 | 1,812.3 | 1,684.2 | 1,452.0 | 1,096.3 | 1,063.1 |
|
- Accumulated depreciation
|
-662.0 | -595.8 | -535.0 | -471.9 | -421.4 | -359.6 | -318.7 | -289.4 | -256.0 | -226.4 | -201.4 | -180.4 |
|
2. Financial leased fixed assets
|
126.9 | 58.6 | 57.0 | 36.3 | 18.5 | 13.6 | 14.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
133.8 | 63.4 | 61.2 | 38.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-7.0 | -4.7 | -4.2 | -2.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
4.1 | 4.5 | 4.7 | 5.2 | 5.7 | 6.0 | 6.5 | 6.1 | 187.2 | 187.1 | 187.5 | 187.6 |
|
- Cost
|
12.9 | 12.9 | 12.7 | 12.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-8.9 | -8.4 | -8.0 | -7.5 | 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
|
1,396.1 | 1,314.6 | 870.5 | 988.8 | 932.0 | 1,091.3 | 1,037.1 | 932.3 | 905.1 | 815.6 | 966.6 | 548.7 |
|
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
|
1,396.1 | 1,314.6 | 870.5 | 988.8 | 932.0 | 1,091.3 | 1,037.1 | 932.3 | 905.1 | 815.6 | 966.6 | 548.7 |
|
V. Long-term financial investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 29.8 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Investments in other entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 29.5 |
|
4. Provision for diminution in value of long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
|
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
|
1,297.6 | 1,266.1 | 996.5 | 923.5 | 816.7 | 809.0 | 824.6 | 780.7 | 740.7 | 667.2 | 555.7 | 506.3 |
|
1. Long-term prepayments
|
1,273.1 | 1,249.2 | 980.0 | 912.6 | 805.1 | 764.5 | 749.6 | 744.6 | 706.4 | 661.5 | 550.9 | 501.6 |
|
2. Deferred income tax assets
|
21.9 | 14.7 | 14.5 | 8.8 | 9.4 | 5.5 | 36.1 | 36.1 | 34.4 | 5.7 | 4.8 | 4.8 |
|
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
|
2.5 | 2.2 | 2.0 | 2.1 | 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 | 2.2 | 39.0 | 38.9 | 42.5 | 31.2 | 2.6 | 2.7 | 2.8 |
|
TOTAL ASSETS (280=100+200)
|
10,743.6 | 9,606.3 | 8,522.2 | 8,588.1 | 7,466.5 | 6,958.8 | 7,333.5 | 6,760.6 | 6,574.0 | 6,729.5 | 6,380.2 | 5,989.9 |
|
A. LIABILITIES (300=210+330)
|
6,706.5 | 5,304.2 | 4,255.8 | 5,518.8 | 4,526.2 | 4,124.9 | 5,271.3 | 4,733.7 | 4,667.4 | 4,790.4 | 4,470.2 | 4,089.9 |
|
I. Short -term liabilities
|
4,343.6 | 3,356.8 | 2,191.1 | 3,069.2 | 2,782.8 | 2,449.9 | 3,519.1 | 3,100.2 | 3,057.1 | 3,200.9 | 3,275.5 | 2,919.3 |
|
1. Short-term trade accounts payable
|
2,004.7 | 1,584.9 | 952.7 | 1,563.7 | 1,801.6 | 1,497.6 | 1,576.0 | 1,968.3 | 2,204.9 | 2,387.4 | 2,718.5 | 2,455.9 |
|
2. Short-term advances from customers
|
6.0 | 10.2 | 5.2 | 5.7 | 5.3 | 78.3 | 71.9 | 49.1 | 31.4 | 1.5 | 2.0 | 13.6 |
|
3. Taxes and other payables to state authorities
|
21.3 | 23.4 | 31.7 | 11.4 | 47.4 | 33.2 | 41.2 | 39.9 | 18.0 | 7.1 | 3.9 | 56.5 |
|
4. Payable to employees
|
45.3 | 19.3 | 37.4 | 37.5 | 38.4 | 24.2 | 20.9 | 20.3 | 34.4 | 18.9 | 16.0 | 13.7 |
|
5. Short-term acrrued expenses
|
63.1 | 141.1 | 103.0 | 52.0 | 47.3 | 41.6 | 62.9 | 38.4 | 47.3 | 73.0 | 65.9 | 33.3 |
|
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
|
0.2 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Other short-term payables
|
24.8 | 10.3 | 47.2 | 143.1 | 1.2 | 109.2 | 909.4 | 131.1 | 17.4 | 86.0 | 59.7 | 43.7 |
|
10. Short-term borrowings and financial leases
|
2,178.2 | 1,567.3 | 1,014.0 | 1,255.8 | 841.6 | 665.9 | 836.9 | 853.0 | 703.7 | 627.0 | 409.5 | 302.7 |
|
11. Provision for short-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
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
|
2,362.9 | 1,947.4 | 2,064.7 | 2,449.6 | 1,743.4 | 1,674.9 | 1,752.1 | 1,633.5 | 1,610.4 | 1,589.6 | 1,194.7 | 1,170.6 |
|
1. Long-term trade payables
|
36.7 | 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
|
38.3 | 0.0 | 0.0 | 1,006.6 | 0.0 | 0.0 | 14.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Long-term borrowings and financial leases
|
1,779.1 | 1,445.8 | 1,569.4 | 953.7 | 1,262.4 | 1,201.4 | 1,246.0 | 1,169.9 | 1,156.1 | 1,149.7 | 1,193.8 | 1,168.8 |
|
9. Convertible bonds
|
500.1 | 493.5 | 487.2 | 481.1 | 475.2 | 469.3 | 463.6 | 457.9 | 452.5 | 438.1 | 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
|
8.7 | 8.1 | 8.1 | 8.1 | 5.7 | 4.2 | 28.4 | 5.7 | 1.8 | 1.8 | 1.0 | 1.8 |
|
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)
|
4,037.1 | 4,302.0 | 4,266.4 | 3,069.3 | 2,931.4 | 2,834.0 | 2,062.2 | 2,027.0 | 1,906.6 | 1,939.1 | 1,910.0 | 1,900.0 |
|
I. Owner's equity
|
4,037.1 | 4,302.0 | 4,266.4 | 3,069.3 | 2,931.4 | 2,834.0 | 2,062.2 | 2,027.0 | 1,906.6 | 1,939.1 | 1,910.0 | 1,900.0 |
|
1. Owner's capital
|
3,040.2 | 3,040.2 | 3,040.2 | 2,390.2 | 2,390.2 | 2,390.2 | 1,679.2 | 1,435.2 | 1,435.2 | 1,435.2 | 1,435.2 | 1,435.2 |
|
- Common stock with voting right
|
3,040.2 | 3,040.2 | 3,040.2 | 2,390.2 | 2,390.2 | 2,390.2 | 1,679.2 | 1,435.2 | 1,435.2 | 1,435.2 | 1,435.2 | 1,435.2 |
|
- 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
|
356.6 | 356.6 | 356.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Convertible bond option
|
137.6 | 137.6 | 137.6 | 137.6 | 137.6 | 137.6 | 137.6 | 137.6 | 137.6 | 145.7 | 153.4 | 153.4 |
|
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
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Fund to support corporate restructuring
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
496.5 | 761.4 | 725.3 | 530.7 | 403.5 | 295.2 | 234.5 | 444.4 | 317.9 | 349.2 | 312.6 | 301.7 |
|
- Accumulated retained earning at the end of the previous period
|
398.3 | 398.3 | 398.3 | 398.3 | 80.9 | 80.9 | 80.9 | 324.9 | 298.7 | 298.7 | 298.7 | 298.7 |
|
- Undistributed earnings in this period
|
98.3 | 363.2 | 327.1 | 132.4 | 322.6 | 214.3 | 153.7 | 119.5 | 19.2 | 50.5 | 14.0 | 3.0 |
|
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
|
6.1 | 6.1 | 6.6 | 10.7 | 0.0 | 10.9 | 10.8 | 9.7 | 15.9 | 8.9 | 8.7 | 9.7 |
|
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 | 9.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
10,743.6 | 9,606.3 | 8,522.2 | 8,588.1 | 7,466.5 | 6,958.8 | 7,333.5 | 6,760.6 | 6,574.0 | 6,729.5 | 6,380.2 | 5,989.9 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Profit Before Tax
|
-277.8 | 26.4 | 212.3 | 141.0 | 118.6 | 67.5 | 68.6 | 138.5 | -34.7 | 40.9 | 14.4 | 3.9 |
|
Depreciation of Fixed Assets and Investment Property
|
70.4 | 61.4 | 60.1 | 52.7 | 63.2 | 42.6 | 39.5 | 35.1 | 33.4 | 26.3 | 22.6 | 22.3 |
|
Provision (Increase)/Reversal
|
2.6 | 0.0 | 2.6 | 0.0 | 5.6 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.2 | -0.2 | 0.1 | 0.1 | 0.6 | 0.4 | -0.7 | 0.0 | 3.2 | -0.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-4.9 | -4.5 | -7.0 | -0.1 | -3.1 | -3.4 | -6.7 | -100.4 | -10.3 | -2.6 | -23.0 | -9.2 |
|
Interest Expense
|
89.5 | 59.5 | 66.2 | 62.2 | 58.6 | 53.4 | 57.6 | 46.4 | 42.5 | 43.9 | 42.7 | 22.3 |
|
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 | 2.6 | 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
|
-122.5 | 142.7 | 334.3 | 255.9 | 243.6 | 160.6 | 158.3 | 119.6 | 34.0 | 108.5 | 56.8 | 39.3 |
|
Increase/(Decrease) in Receivables
|
118.8 | -385.2 | 305.9 | -170.7 | 13.1 | -154.2 | 429.5 | 327.5 | 743.7 | 55.7 | -276.9 | -180.2 |
|
Increase/(Decrease) in Inventory
|
-95.6 | -287.8 | 2.9 | -81.9 | -82.9 | -124.2 | -62.0 | -289.7 | -187.9 | -183.2 | 203.0 | -543.1 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
262.4 | 918.7 | -2,022.7 | 1,062.7 | -72.9 | -25.6 | -556.2 | -67.2 | -874.6 | 514.2 | -106.4 | 592.8 |
|
Increase/(Decrease) in Prepaid Expenses
|
-81.5 | -235.1 | -99.2 | -74.3 | -15.0 | -17.5 | 3.4 | -73.3 | -41.0 | -129.0 | -35.0 | -19.4 |
|
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
|
-102.6 | -79.2 | -31.9 | -76.8 | -50.4 | -76.1 | -38.8 | -53.9 | -57.1 | -27.5 | -22.6 | -25.8 |
|
Corporate Income Tax Paid
|
0.0 | 0.0 | 0.1 | -55.4 | 4.2 | -11.3 | -7.8 | 0.0 | -0.5 | 0.5 | -58.0 | 0.0 |
|
Other Operating Receipts
|
0.0 | 11.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
-32.0 | 84.9 | -1,510.5 | 859.5 | 39.6 | -248.2 | -73.7 | -37.0 | -383.4 | 339.2 | -239.1 | -136.4 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-421.5 | -645.5 | -189.6 | -239.9 | -406.1 | -267.4 | -253.9 | -156.8 | -149.3 | -568.8 | -124.6 | -168.7 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.0 | 0.0 | 0.0 | 0.0 | 155.8 | 25.0 | 295.2 | 0.0 | -2.9 | 2.9 | 23.0 | 0.9 |
|
Loans and Purchases of Debt Instruments
|
-186.9 | -139.0 | -3.4 | -55.6 | -129.4 | -67.0 | -152.5 | -19.7 | -36.3 | 1.8 | -231.8 | -0.2 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
-34.3 | -48.7 | 73.9 | 30.0 | 185.4 | 40.7 | 201.4 | 0.0 | -3.1 | 44.1 | 0.3 | 0.9 |
|
Investments in Other Entities
|
-62.3 | 0.0 | -171.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 44.1 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
1.1 | 6.0 | 7.6 | 0.0 | 1.5 | 3.6 | 6.5 | 0.0 | 1.6 | 2.8 | 8.2 | 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 | -92.3 | 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
|
-611.6 | -747.9 | -283.1 | -265.6 | -192.9 | -265.1 | 96.8 | -176.6 | -145.9 | -517.3 | -324.8 | -167.2 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 0.0 | 1,006.6 | 0.0 | 0.0 | 4.8 | 706.3 | 0.0 | 137.6 | -161.1 | 161.1 | 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
|
1,289.6 | 1,083.6 | 991.7 | 332.0 | 685.9 | 107.4 | 746.5 | 465.6 | 701.1 | 451.8 | 208.2 | 779.0 |
|
Repayment of Borrowings
|
-420.3 | -657.3 | -644.1 | -247.9 | -460.8 | -317.3 | -706.3 | -302.4 | -285.1 | -142.5 | -220.0 | -111.4 |
|
Repayment of Finance Leases
|
-4.1 | -3.5 | -2.6 | -1.9 | -1.1 | -0.9 | -0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -4.3 | 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
|
865.3 | 422.8 | 1,351.5 | 82.2 | 224.1 | -206.0 | 741.9 | 163.2 | 553.6 | 148.2 | 149.3 | 667.6 |
|
Net Cash Flow During the Period
|
221.7 | -240.2 | -442.0 | 676.1 | 70.8 | -719.4 | 764.9 | -50.3 | 24.4 | -29.9 | -414.7 | 364.0 |
|
Cash and Cash Equivalents at Beginning of Period
|
142.8 | 383.0 | 825.0 | 148.9 | 95.2 | 95.2 | 95.2 | 95.2 | 151.4 | 151.4 | 151.4 | 151.4 |
|
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
|
364.5 | 142.8 | 383.0 | 825.0 | 161.2 | 90.3 | 809.7 | 44.8 | 95.2 | 70.8 | 100.7 | 515.3 |
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