HDG
Listed Company · HOSE
Price
29,000
Latest close
03 Apr 2026
P/E
15.0x
EPS
(TTM)
1,931
ROE
(TTM)
8.7%
P/B
1.3x
BVPS
(Latest)
22,644
ROA
(TTM)
4.9%
What Is Changing
HDG no longer looks like a business simply rebounding from a weak base. Revenue posted +2.5% YoY, while net margin reached 33.89% with an additional +17.4pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Income recovered 111.1% to VND 944.2bn in 2025.
- Net margin improved from 16.46% in the prior period to 33.89% in 2025.
- Revenue growth accelerated to 2.5% in 2025, up 8.5pp versus the prior year.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2,785.7 | 2,717.6 | 2,889.4 | 3,581.2 | 3,841.6 |
| Growth | +3% | -6% | -19% | -7% | — |
| Net Income | 944.2 | 447.3 | 866.3 | 1,361.9 | 1,333.2 |
| Net Margin | 33.89% | 16.46% | 29.98% | 38.03% | 34.71% |
| 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 | 884.9 | 712.5 | 583.8 | 598.6 | 754.6 | 566.9 | 559.8 | 847.8 | 861.5 | 459.6 | 564.0 | 955.9 |
| Growth | +24% | +22% | -2% | -21% | +33% | +1% | -34% | -2% | +87% | -19% | -41% | — |
| Net Income | 373.4 | 336.7 | 34.0 | 206.9 | 208.1 | 182.0 | 111.3 | 264.3 | 372.5 | 99.5 | 80.6 | 357.3 |
| Net Margin | 42.20% | 47.25% | 5.82% | 34.57% | 27.58% | 32.10% | 19.88% | 31.18% | 43.24% | 21.66% | 14.30% | 37.38% |
Financial Statements
Profitability
Net margin reached 33.89% while Revenue posted +2.5% YoY.
Balance Sheet
Inventory stood at 782.2bn, liabilities at 6,355.3bn, and equity at 8,377.6bn.
Cash Flow
Operating cash flow was 1,050.4bn in 2024, while investing cash flow was -116.4bn.
Financing cash flow: -833.4bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
2,814.8 | 2,774.7 | 2,889.4 | 3,581.2 | 3,887.3 |
|
Revenue Deductions
|
29.1 | 57.1 | 0.0 | 0.0 | 0.0 |
|
Net Revenue
|
2,785.7 | 2,717.6 | 2,889.4 | 3,581.2 | 3,841.6 |
|
Cost of Goods Sold
|
1,031.3 | 1,126.9 | 1,166.4 | 1,368.8 | 0.0 |
|
Gross Profit
|
1,754.4 | 1,590.7 | 1,723.0 | 2,212.4 | 2,286.3 |
|
Financial Income
|
75.2 | 60.3 | 40.3 | 83.3 | 28.7 |
|
Financial Expenses
|
470.4 | 369.8 | 569.0 | 517.3 | -408.0 |
|
Interest Expense
|
292.5 | 342.7 | 486.6 | 500.7 | -388.4 |
|
Share of Associates and Joint Ventures
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Selling Expenses
|
9.7 | 4.4 | 14.5 | 4.6 | -96.8 |
|
General and Administrative Expenses
|
289.6 | 446.0 | 218.5 | 159.1 | -210.7 |
|
Operating Profit
|
1,060.0 | 830.9 | 961.3 | 1,614.6 | 1,599.5 |
|
Other Income
|
4.0 | 24.5 | 20.3 | 18.4 | 0.0 |
|
Other Expenses
|
38.3 | 282.6 | 18.2 | 28.6 | 0.0 |
|
Other Profit
|
-34.4 | -258.0 | 2.1 | -10.2 | -6.2 |
|
Profit Before Tax
|
1,025.6 | 572.9 | 963.4 | 1,604.4 | 1,593.2 |
|
Current Income Tax Expense
|
82.5 | 122.2 | 90.9 | 231.3 | -260.0 |
|
Deferred Income Tax Expense
|
-1.1 | 3.4 | 6.2 | 11.2 | 0.0 |
|
Net Income
|
944.2 | 447.3 | 866.3 | 1,361.9 | 1,333.2 |
|
Non-controlling Interest
|
238.6 | 99.0 | 201.2 | 266.3 | 243.2 |
|
Profit Attributable to Parent
|
705.6 | 348.3 | 665.1 | 1,095.6 | 1,090.0 |
|
Earnings per Share
|
1,907.13 | 1,083.00 | 2,175.00 | 4,507.00 | 5,551.19 |
|
Diluted EPS
|
1,907.13 | 1,083.00 | 2,175.00 | 4,507.00 | 5,551.19 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
3,639.0 | 3,227.7 | 3,353.9 | 3,856.2 | 4,175.0 |
|
I. Cash and cash equivalents
|
267.9 | 332.3 | 245.5 | 694.5 | 215.7 |
|
1. Cash
|
104.6 | 155.5 | 213.2 | 297.3 | 0.0 |
|
2. Cash equivalents
|
163.3 | 176.8 | 32.3 | 397.1 | 0.0 |
|
II. Short-term financial investments
|
1,144.1 | 736.0 | 392.7 | 1.2 | 0.0 |
|
1. Available for sale securities
|
636.0 | 518.6 | 386.6 | 1.2 | 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
|
508.0 | 217.4 | 6.1 | 0.0 | 0.0 |
|
III. Short-term receivables
|
1,401.7 | 1,267.1 | 1,594.7 | 1,710.7 | 1,810.6 |
|
1. Short-term trade accounts receivable
|
1,625.1 | 1,366.3 | 1,318.8 | 1,097.8 | 0.0 |
|
2. Short-term prepayments to suppliers
|
112.7 | 92.6 | 97.9 | 372.5 | 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
|
56.3 | 56.3 | 133.7 | 56.3 | 0.0 |
|
6. Other short-term receivables
|
249.4 | 165.6 | 159.7 | 283.0 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
-641.7 | -413.8 | -115.4 | -98.8 | 0.0 |
|
8. Assets awaiting resolution
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
782.2 | 856.9 | 1,074.4 | 1,381.6 | 1,316.7 |
|
1. Inventories
|
792.4 | 867.2 | 1,084.6 | 1,391.9 | 0.0 |
|
2. Provision for decline in value of inventories
|
-10.2 | -10.2 | -10.2 | -10.2 | 0.0 |
|
V. Other short-term assets
|
43.1 | 35.3 | 46.6 | 68.2 | 142.1 |
|
1. Short-term prepayments
|
7.4 | 7.1 | 2.9 | 4.8 | 0.0 |
|
2. Value added tax to be reclaimed
|
31.2 | 28.1 | 40.8 | 60.7 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
4.4 | 0.1 | 2.9 | 2.7 | 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)
|
11,093.8 | 10,621.7 | 11,084.5 | 11,248.7 | 11,799.6 |
|
I. Long-term receivables
|
293.7 | 287.0 | 286.6 | 15.2 | 0.0 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 82.7 |
|
2. Long-term prepayments to suppliers
|
267.0 | 264.8 | 263.4 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
26.7 | 22.2 | 23.2 | 15.2 | 0.0 |
|
7. Provision for long-term doubtful debts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
8,059.8 | 8,548.1 | 9,034.4 | 9,494.9 | 9,624.6 |
|
1. Tangible fixed assets
|
7,875.9 | 8,355.3 | 8,832.8 | 9,099.7 | 9,359.2 |
|
- Cost
|
11,080.3 | 11,076.4 | 11,074.1 | 10,864.9 | 0.0 |
|
- Accumulated depreciation
|
-3,204.4 | -2,721.1 | -2,241.3 | -1,765.2 | 0.0 |
|
2. Financial leased fixed assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
183.9 | 192.8 | 201.6 | 395.2 | 265.4 |
|
- Cost
|
223.8 | 223.7 | 223.4 | 420.4 | 0.0 |
|
- Accumulated depreciation
|
-40.0 | -30.9 | -21.8 | -25.2 | 0.0 |
|
III. Investment properties
|
782.9 | 728.9 | 757.8 | 793.0 | 828.2 |
|
- Cost
|
1,071.6 | 983.7 | 983.7 | 983.7 | 0.0 |
|
- Accumulated depreciation
|
-288.7 | -254.8 | -225.9 | -190.8 | 0.0 |
|
IV. Long-term assets in progress
|
1,793.0 | 901.6 | 830.9 | 818.1 | 918.2 |
|
1. Long-term production in progress
|
76.2 | 91.6 | 36.9 | 36.9 | 0.0 |
|
2. Construction in progress
|
1,716.8 | 810.1 | 794.0 | 781.1 | 0.0 |
|
V. Long-term financial investments
|
56.1 | 58.7 | 63.1 | 3.1 | 4.1 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
0.1 | 0.1 | 0.1 | 0.1 | 0.0 |
|
3. Investments in other entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Provision for diminution in value of long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
56.0 | 58.6 | 62.9 | 3.0 | 0.0 |
|
6. Other long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
108.3 | 97.3 | 111.6 | 124.5 | 0.0 |
|
1. Long-term prepayments
|
28.5 | 21.3 | 21.2 | 18.7 | 0.0 |
|
2. Deferred income tax assets
|
49.2 | 49.2 | 56.3 | 64.4 | 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 | 341.7 |
|
5. Goodwill
|
30.7 | 26.9 | 34.2 | 41.4 | 0.0 |
|
VII. Goodwill (before 2015)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
14,732.8 | 13,849.4 | 14,438.4 | 15,104.9 | 15,974.6 |
|
A. LIABILITIES (300=210+330)
|
6,355.3 | 6,473.4 | 7,209.6 | 8,556.9 | 10,593.6 |
|
I. Short -term liabilities
|
2,240.4 | 2,139.9 | 2,328.7 | 3,286.8 | 3,574.1 |
|
1. Short-term trade accounts payable
|
49.1 | 40.4 | 75.5 | 180.9 | 300.9 |
|
2. Short-term advances from customers
|
60.4 | 18.8 | 303.9 | 682.0 | 1,125.9 |
|
3. Taxes and other payables to state authorities
|
83.9 | 103.2 | 95.4 | 123.9 | 0.0 |
|
4. Payable to employees
|
28.9 | 32.5 | 30.7 | 34.3 | 0.0 |
|
5. Short-term acrrued expenses
|
813.8 | 875.0 | 815.6 | 838.6 | 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
|
0.8 | 4.3 | 7.1 | 21.3 | 3.4 |
|
9. Other short-term payables
|
372.6 | 170.3 | 317.7 | 388.1 | 0.0 |
|
10. Short-term borrowings and financial leases
|
681.1 | 631.0 | 625.1 | 958.9 | 591.6 |
|
11. Provision for short-term liabilities
|
95.8 | 209.1 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
54.1 | 55.4 | 57.7 | 58.8 | 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
|
4,114.9 | 4,333.5 | 4,880.9 | 5,270.1 | 7,019.6 |
|
1. Long-term trade payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
7.9 | 0.9 | 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 | 0.4 | 6.7 | 33.6 |
|
7. Other long-term liabilities
|
21.9 | 15.4 | 11.8 | 33.3 | 0.0 |
|
8. Long-term borrowings and financial leases
|
4,020.9 | 4,253.1 | 4,800.9 | 5,160.2 | 6,873.0 |
|
9. Convertible bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
64.1 | 64.1 | 67.9 | 69.8 | 0.0 |
|
12. Provision for long-term liabilities
|
0.0 | 0.0 | 0.0 | 0.1 | 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)
|
8,377.6 | 7,376.0 | 7,228.7 | 6,548.0 | 5,381.0 |
|
I. Owner's equity
|
8,377.6 | 7,376.0 | 7,228.7 | 6,548.0 | 0.0 |
|
1. Owner's capital
|
3,699.6 | 3,363.3 | 3,057.6 | 2,446.1 | 5,381.0 |
|
- Common stock with voting right
|
3,699.6 | 3,363.3 | 3,057.6 | 2,446.1 | 1,963.6 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
374.9 | 374.9 | 374.9 | 374.9 | 229.1 |
|
3. Convertible bond option
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
288.9 | 287.9 | 287.9 | 287.9 | 230.4 |
|
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
|
-240.8 | -234.8 | -221.0 | -163.8 | 0.0 |
|
8. Investment and development fund
|
23.5 | 23.5 | 23.5 | 17.6 | 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
|
2,653.1 | 2,283.9 | 2,394.2 | 2,340.6 | 1,933.4 |
|
- Accumulated retained earning at the end of the previous period
|
1,947.6 | 1,935.6 | 1,729.1 | 1,391.3 | 843.4 |
|
- Undistributed earnings in this period
|
705.6 | 348.3 | 665.1 | 949.4 | 1,090.0 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
1,578.3 | 1,277.4 | 1,311.8 | 1,244.8 | 1,047.4 |
|
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)
|
14,732.8 | 13,849.4 | 14,438.4 | 15,104.9 | 15,974.6 |
| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
|
Profit Before Tax
|
572.9 | 963.4 | 1,604.4 | 1,593.2 | 1,590.8 |
|
Depreciation of Fixed Assets and Investment Property
|
525.1 | 519.9 | 528.4 | 297.9 | 235.5 |
|
Provision (Increase)/Reversal
|
507.5 | 20.0 | 10.5 | 0.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-9.2 | 32.7 | -21.5 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-26.4 | 41.1 | -56.6 | 0.0 | 0.0 |
|
Interest Expense
|
367.7 | 514.9 | 507.5 | 0.0 | 0.0 |
|
Gain/Loss on Disposal of Fixed Assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Income and Dividends
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Amortization of Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Adjustments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
1,937.6 | 2,091.8 | 2,572.9 | 2,304.9 | 2,165.5 |
|
Increase/(Decrease) in Receivables
|
-26.8 | -64.3 | 60.3 | 0.0 | 0.0 |
|
Increase/(Decrease) in Inventory
|
162.8 | 307.2 | -27.7 | 0.0 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
-402.0 | -511.6 | -223.4 | 0.0 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
-4.3 | 22.3 | 5.2 | 0.0 | 0.0 |
|
Changes in Trading Securities
|
-132.0 | -385.4 | 340.2 | 0.0 | 0.0 |
|
Interest Paid
|
-367.7 | -538.8 | -530.7 | 0.0 | 0.0 |
|
Corporate Income Tax Paid
|
-114.9 | -126.5 | -253.2 | 0.0 | 0.0 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-2.3 | -1.1 | -1.6 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
1,050.4 | 793.6 | 1,942.0 | 2,003.7 | 1,676.7 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-17.5 | -147.8 | -428.6 | -2,205.5 | -1,948.9 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.0 | 0.6 | 0.0 | -3.8 | -1.7 |
|
Loans and Purchases of Debt Instruments
|
-233.0 | -143.5 | -1.2 | -551.8 | -119.2 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
103.5 | 0.0 | 339.8 | 126.6 | 225.2 |
|
Investments in Other Entities
|
0.0 | -44.9 | -36.0 | 0.0 | -502.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
30.7 | 9.4 | 46.4 | 0.0 | 0.0 |
|
Increase/(Decrease) in Term Deposits
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-116.4 | -326.2 | -79.6 | -2,587.8 | -2,336.3 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 0.2 | 200.0 | 322.3 | 68.0 |
|
Share Repurchases
|
-0.2 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
70.2 | 599.1 | 1,133.8 | 2,099.0 | 2,086.0 |
|
Repayment of Borrowings
|
-617.4 | -1,324.8 | -2,375.4 | -1,700.7 | -1,257.7 |
|
Repayment of Finance Leases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-286.1 | -133.7 | -267.2 | -324.4 | -177.7 |
|
Other Financing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Financing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Financing Activities
|
-833.4 | -859.1 | -1,308.7 | 396.2 | 718.6 |
|
Net Cash Flow During the Period
|
100.6 | -391.7 | 553.7 | -278.7 | 138.6 |
|
Cash and Cash Equivalents at Beginning of Period
|
245.5 | 694.5 | 230.4 | 437.9 | 400.9 |
|
FX Difference from Revaluation
|
-13.8 | -57.3 | -89.6 | -34.3 | -22.0 |
|
Cash and Cash Equivalents at End of Period
|
332.3 | 245.5 | 694.5 | 215.7 | 437.9 |
| 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
|
887.2 | 714.6 | 583.8 | 623.2 | 811.7 | 566.9 | 559.8 | 847.8 | 861.5 | 459.7 | 564.0 | 955.9 |
|
Revenue Deductions
|
2.3 | 2.1 | 0.0 | 24.6 | 57.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 |
|
Net Revenue
|
884.9 | 712.5 | 583.8 | 598.6 | 754.6 | 566.9 | 559.8 | 847.8 | 861.5 | 459.6 | 564.0 | 955.9 |
|
Cost of Goods Sold
|
276.5 | 217.1 | 329.8 | 197.7 | 202.8 | 230.5 | 277.4 | 409.9 | 275.7 | 214.7 | 283.8 | 380.5 |
|
Gross Profit
|
608.4 | 495.4 | 254.0 | 400.9 | 551.8 | 336.5 | 282.3 | 437.9 | 585.8 | 244.9 | 280.2 | 575.4 |
|
Financial Income
|
19.4 | 16.9 | 19.9 | 14.2 | 19.1 | 16.8 | 7.0 | 13.2 | 13.1 | 10.6 | 9.7 | 6.6 |
|
Financial Expenses
|
126.5 | 80.7 | 154.8 | 107.6 | 64.1 | 102.0 | 105.7 | 96.3 | 155.0 | 127.4 | 140.3 | 149.1 |
|
Interest Expense
|
69.7 | 72.3 | 75.3 | 75.5 | 78.3 | 93.3 | 86.4 | 94.3 | 111.2 | 120.0 | 127.4 | 130.8 |
|
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
|
4.7 | 2.6 | 1.3 | 1.0 | 1.5 | 1.6 | 1.3 | 1.1 | 2.3 | 1.7 | 2.0 | 0.8 |
|
General and Administrative Expenses
|
90.1 | 69.0 | 77.4 | 55.1 | 225.5 | 41.7 | 50.2 | 32.6 | 48.9 | 19.1 | 41.9 | 35.7 |
|
Operating Profit
|
406.5 | 360.1 | 40.4 | 251.3 | 279.8 | 208.0 | 132.1 | 321.2 | 392.8 | 107.3 | 105.7 | 396.4 |
|
Other Income
|
1.9 | 1.1 | 0.5 | 5.2 | 2.5 | 5.1 | 11.0 | 0.3 | 11.1 | 4.1 | 0.6 | 4.6 |
|
Other Expenses
|
10.9 | 2.2 | -7.8 | 27.4 | 49.4 | 9.8 | 5.3 | 2.4 | 0.6 | 1.9 | 11.5 | 2.1 |
|
Other Profit
|
-9.0 | -1.1 | 8.3 | -22.1 | -46.9 | -4.8 | 5.7 | -2.1 | 10.5 | 2.2 | -10.9 | 2.5 |
|
Profit Before Tax
|
397.5 | 359.0 | 48.7 | 229.2 | 232.9 | 203.2 | 137.8 | 319.1 | 403.3 | 109.5 | 94.7 | 398.9 |
|
Current Income Tax Expense
|
24.1 | 22.3 | 14.7 | 22.3 | 24.8 | 20.8 | 26.1 | 53.5 | 29.9 | 10.0 | 13.4 | 41.6 |
|
Deferred Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | 0.4 | 1.3 | 0.9 | 0.0 | 0.7 | 0.0 |
|
Net Income
|
373.4 | 336.7 | 34.0 | 206.9 | 208.1 | 182.0 | 111.3 | 264.3 | 372.5 | 99.5 | 80.6 | 357.3 |
|
Non-controlling Interest
|
89.5 | 51.7 | 58.8 | 51.9 | 54.7 | 44.4 | 36.9 | 43.0 | 83.6 | 15.1 | 35.7 | 54.5 |
|
Profit Attributable to Parent
|
283.9 | 285.0 | -24.9 | 155.1 | 153.5 | 137.6 | 74.4 | 221.3 | 289.0 | 84.4 | 44.9 | 302.7 |
|
Earnings per Share
|
767.34 | 770.31 | -67.24 | 461.05 | 456.31 | 409.14 | 243.22 | 723.93 | 945.04 | 276.04 | 183.65 | 1,237.64 |
|
Diluted EPS
|
767.34 | 770.31 | -67.24 | 461.05 | 456.31 | 409.14 | 243.22 | 723.93 | 945.04 | 276.04 | 183.65 | 1,237.64 |
| 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)
|
3,639.0 | 3,237.3 | 3,104.4 | 3,368.1 | 3,351.7 | 3,253.2 | 3,234.3 | 3,312.6 | 3,660.7 | 3,510.4 | 3,257.9 | 3,546.4 |
|
I. Cash and cash equivalents
|
267.9 | 243.3 | 332.8 | 503.9 | 337.4 | 288.7 | 472.5 | 578.3 | 245.6 | 339.9 | 208.7 | 436.3 |
|
1. Cash
|
104.6 | 150.3 | 207.6 | 217.3 | 226.0 | 185.7 | 222.6 | 291.6 | 208.3 | 154.0 | 144.9 | 101.8 |
|
2. Cash equivalents
|
163.3 | 93.0 | 125.2 | 286.7 | 111.4 | 103.0 | 249.9 | 286.7 | 37.3 | 185.9 | 63.9 | 334.5 |
|
II. Short-term financial investments
|
1,144.1 | 967.3 | 757.6 | 751.6 | 751.6 | 736.8 | 682.2 | 347.0 | 387.7 | 515.1 | 285.3 | 1.7 |
|
1. Available for sale securities
|
636.0 | 584.2 | 544.6 | 534.5 | 578.6 | 583.8 | 609.2 | 346.0 | 386.6 | 513.4 | 283.6 | 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
|
508.0 | 383.0 | 213.0 | 217.1 | 173.0 | 153.0 | 73.0 | 1.0 | 1.1 | 1.7 | 1.7 | 1.7 |
|
III. Short-term receivables
|
1,401.7 | 1,203.4 | 1,093.4 | 1,214.9 | 1,352.9 | 1,303.2 | 1,151.7 | 1,416.0 | 1,940.5 | 1,525.0 | 1,653.6 | 1,946.0 |
|
1. Short-term trade accounts receivable
|
1,625.1 | 1,505.8 | 1,323.0 | 1,337.5 | 1,380.0 | 1,160.3 | 968.4 | 1,147.6 | 1,346.9 | 968.9 | 937.1 | 1,193.8 |
|
2. Short-term prepayments to suppliers
|
112.7 | 105.9 | 106.5 | 93.0 | 90.7 | 86.8 | 107.9 | 101.5 | 362.5 | 363.2 | 366.1 | 367.5 |
|
3. Short-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term loan receivables
|
56.3 | 56.3 | 56.3 | 56.3 | 56.3 | 56.3 | 56.3 | 133.7 | 133.7 | 133.7 | 133.7 | 133.7 |
|
6. Other short-term receivables
|
249.4 | 124.2 | 135.6 | 161.3 | 148.9 | 138.6 | 150.3 | 148.5 | 210.6 | 174.0 | 331.4 | 349.7 |
|
7. Provision for short-term doubtful debts (*)
|
-641.7 | -588.8 | -527.9 | -433.2 | -322.9 | -138.8 | -131.2 | -115.4 | -113.3 | -114.8 | -114.8 | -98.8 |
|
8. Assets awaiting resolution
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
782.2 | 781.5 | 882.5 | 861.9 | 863.5 | 880.3 | 889.2 | 931.2 | 1,049.6 | 1,083.2 | 1,061.4 | 1,119.9 |
|
1. Inventories
|
792.4 | 791.7 | 892.7 | 872.1 | 873.7 | 890.5 | 899.4 | 941.4 | 1,059.8 | 1,093.5 | 1,071.6 | 1,130.1 |
|
2. Provision for decline in value of inventories
|
-10.2 | -10.2 | -10.2 | -10.2 | -10.2 | -10.2 | -10.2 | -10.2 | -10.2 | -10.2 | -10.2 | -10.2 |
|
V. Other short-term assets
|
43.1 | 41.8 | 38.1 | 35.9 | 46.3 | 44.3 | 38.7 | 40.0 | 37.2 | 47.1 | 48.8 | 42.5 |
|
1. Short-term prepayments
|
7.4 | 4.9 | 3.8 | 3.4 | 5.8 | 2.6 | 3.8 | 2.3 | 0.9 | 1.3 | 2.7 | 3.5 |
|
2. Value added tax to be reclaimed
|
31.2 | 32.3 | 29.5 | 28.0 | 39.7 | 40.5 | 33.4 | 33.7 | 34.1 | 44.5 | 44.8 | 37.1 |
|
3. Taxes and other receivables from state authorities
|
4.4 | 4.6 | 4.8 | 4.5 | 0.7 | 1.2 | 1.4 | 4.0 | 1.4 | 1.3 | 1.3 | 1.8 |
|
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 | 0.8 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
11,093.8 | 11,243.6 | 11,245.9 | 10,500.9 | 10,584.0 | 10,705.3 | 10,817.6 | 10,947.2 | 10,946.1 | 11,018.4 | 11,119.1 | 11,202.4 |
|
I. Long-term receivables
|
293.7 | 291.5 | 287.3 | 287.3 | 305.6 | 298.7 | 285.7 | 285.8 | 26.6 | 25.2 | 15.2 | 15.2 |
|
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
|
267.0 | 265.4 | 265.1 | 265.1 | 276.4 | 276.4 | 263.4 | 263.4 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
26.7 | 26.1 | 22.2 | 22.2 | 29.2 | 22.3 | 22.3 | 22.4 | 26.6 | 25.2 | 15.2 | 15.2 |
|
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
|
8,059.8 | 8,180.3 | 8,301.1 | 8,421.9 | 8,549.0 | 8,671.6 | 8,791.7 | 8,913.4 | 9,089.1 | 9,207.0 | 9,309.8 | 9,427.2 |
|
1. Tangible fixed assets
|
7,875.9 | 7,994.2 | 8,112.9 | 8,231.4 | 8,356.1 | 8,476.5 | 8,594.4 | 8,713.8 | 8,811.1 | 8,820.1 | 8,922.7 | 9,034.7 |
|
- Cost
|
11,080.3 | 11,080.0 | 11,079.8 | 11,077.7 | 11,075.9 | 11,076.5 | 11,074.5 | 11,074.1 | 11,036.8 | 10,922.4 | 10,907.0 | 10,903.3 |
|
- Accumulated depreciation
|
-3,204.4 | -3,085.9 | -2,966.9 | -2,846.4 | -2,719.8 | -2,600.0 | -2,480.1 | -2,360.3 | -2,225.8 | -2,102.3 | -1,984.3 | -1,868.6 |
|
2. Financial leased fixed assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
183.9 | 186.1 | 188.3 | 190.5 | 192.9 | 195.1 | 197.4 | 199.6 | 278.0 | 386.8 | 387.1 | 392.5 |
|
- Cost
|
223.8 | 223.8 | 223.8 | 223.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-40.0 | -37.7 | -35.5 | -33.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
III. Investment properties
|
782.9 | 791.4 | 713.2 | 721.0 | 725.0 | 733.2 | 741.4 | 749.6 | 759.5 | 767.7 | 775.9 | 784.1 |
|
- Cost
|
1,071.6 | 1,071.6 | 983.7 | 983.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-288.7 | -280.2 | -270.6 | -262.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
1,793.0 | 1,771.7 | 1,742.8 | 903.4 | 849.7 | 849.2 | 844.5 | 838.8 | 894.3 | 905.1 | 897.8 | 851.0 |
|
1. Long-term production in progress
|
76.2 | 75.9 | 124.9 | 92.2 | 39.4 | 38.8 | 38.2 | 37.5 | 49.5 | 48.6 | 47.9 | 47.3 |
|
2. Construction in progress
|
1,716.8 | 1,695.9 | 1,617.9 | 811.2 | 810.3 | 810.4 | 806.3 | 801.2 | 844.9 | 856.5 | 849.8 | 803.6 |
|
V. Long-term financial investments
|
56.1 | 96.2 | 96.2 | 73.7 | 43.1 | 43.1 | 43.1 | 43.1 | 63.1 | 3.1 | 3.1 | 3.1 |
|
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
|
0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
|
3. Investments in other entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Provision for diminution in value of long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
56.0 | 96.0 | 96.0 | 73.6 | 43.0 | 43.0 | 43.0 | 43.0 | 62.9 | 3.0 | 3.0 | 3.0 |
|
6. Other long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
108.3 | 112.6 | 105.3 | 93.5 | 111.6 | 109.4 | 111.1 | 84.1 | 79.5 | 74.5 | 79.6 | 82.2 |
|
1. Long-term prepayments
|
28.5 | 30.7 | 32.8 | 19.3 | 33.2 | 29.2 | 29.1 | 31.4 | 21.8 | 15.2 | 15.7 | 17.5 |
|
2. Deferred income tax assets
|
49.2 | 49.2 | 49.2 | 49.2 | 51.5 | 51.5 | 51.5 | 52.7 | 57.7 | 59.3 | 63.9 | 64.6 |
|
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
|
30.7 | 32.8 | 23.3 | 25.1 | 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 | 26.9 | 28.7 | 30.5 | 32.4 | 34.1 | 36.0 | 37.8 | 39.6 |
|
TOTAL ASSETS (280=100+200)
|
14,732.8 | 14,480.9 | 14,350.3 | 13,869.0 | 13,935.7 | 13,958.6 | 14,051.9 | 14,259.8 | 14,606.8 | 14,528.8 | 14,377.0 | 14,748.7 |
|
A. LIABILITIES (300=210+330)
|
6,355.3 | 6,412.9 | 6,593.5 | 6,286.1 | 6,252.2 | 6,402.8 | 6,600.4 | 6,766.7 | 7,292.1 | 7,507.0 | 7,450.5 | 7,843.6 |
|
I. Short -term liabilities
|
2,240.4 | 2,102.3 | 2,034.8 | 2,152.2 | 1,915.9 | 1,891.3 | 1,981.3 | 1,943.4 | 2,395.1 | 2,484.6 | 2,269.7 | 2,524.4 |
|
1. Short-term trade accounts payable
|
49.1 | 42.0 | 51.0 | 41.3 | 40.8 | 44.8 | 42.0 | 53.6 | 83.4 | 79.3 | 92.7 | 98.8 |
|
2. Short-term advances from customers
|
60.4 | 14.4 | 14.7 | 14.8 | 19.0 | 21.1 | 8.9 | 96.4 | 295.5 | 382.4 | 325.3 | 497.0 |
|
3. Taxes and other payables to state authorities
|
83.9 | 135.5 | 66.6 | 49.9 | 110.0 | 84.6 | 59.3 | 69.0 | 97.0 | 80.1 | 65.6 | 73.4 |
|
4. Payable to employees
|
28.9 | 14.2 | 13.2 | 12.3 | 21.7 | 11.7 | 11.0 | 12.5 | 20.3 | 12.2 | 11.4 | 11.3 |
|
5. Short-term acrrued expenses
|
813.8 | 748.3 | 832.3 | 868.6 | 865.0 | 904.4 | 869.0 | 883.6 | 813.2 | 814.5 | 773.8 | 793.6 |
|
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
|
0.8 | 2.7 | 2.3 | 1.7 | 1.5 | 0.2 | 0.8 | 3.3 | 3.1 | 7.8 | 8.7 | 10.1 |
|
9. Other short-term payables
|
372.6 | 280.2 | 287.9 | 163.3 | 171.5 | 150.8 | 310.0 | 198.7 | 409.1 | 358.5 | 327.7 | 323.5 |
|
10. Short-term borrowings and financial leases
|
681.1 | 692.6 | 565.6 | 731.6 | 631.0 | 618.0 | 624.5 | 570.6 | 617.1 | 692.0 | 606.3 | 658.2 |
|
11. Provision for short-term liabilities
|
95.8 | 118.4 | 147.0 | 213.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
54.1 | 54.2 | 54.3 | 55.1 | 55.4 | 55.8 | 55.8 | 55.8 | 56.4 | 57.7 | 58.2 | 58.5 |
|
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
|
4,114.9 | 4,310.6 | 4,558.7 | 4,133.9 | 4,336.3 | 4,511.5 | 4,619.1 | 4,823.3 | 4,897.0 | 5,022.4 | 5,180.9 | 5,319.2 |
|
1. Long-term trade payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
7.9 | 9.4 | 7.9 | 1.4 | 0.0 | 0.0 | 10.3 | 0.0 | 3.6 | 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 | 1.9 | 1.9 | 1.9 |
|
7. Other long-term liabilities
|
21.9 | 50.6 | 38.9 | 15.8 | 15.4 | 14.7 | 13.9 | 12.6 | 14.7 | 14.8 | 46.1 | 45.0 |
|
8. Long-term borrowings and financial leases
|
4,020.9 | 4,186.5 | 4,447.7 | 4,052.6 | 4,253.1 | 4,429.0 | 4,527.1 | 4,742.9 | 4,808.9 | 4,935.9 | 5,063.0 | 5,202.4 |
|
9. Convertible bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
64.1 | 64.1 | 64.1 | 64.1 | 67.9 | 67.9 | 67.9 | 67.9 | 69.8 | 69.8 | 69.8 | 69.8 |
|
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 | 0.1 | 0.1 |
|
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)
|
8,377.6 | 8,067.9 | 7,756.8 | 7,582.9 | 7,683.5 | 7,555.7 | 7,451.5 | 7,493.1 | 7,314.7 | 7,021.8 | 6,926.4 | 6,905.2 |
|
I. Owner's equity
|
8,377.6 | 8,067.9 | 7,756.8 | 7,582.9 | 7,683.5 | 7,555.7 | 7,451.5 | 7,493.1 | 7,314.7 | 7,021.8 | 6,926.4 | 6,905.2 |
|
1. Owner's capital
|
3,699.6 | 3,699.6 | 3,699.6 | 3,363.3 | 3,363.3 | 3,363.3 | 3,057.6 | 3,057.6 | 3,057.6 | 3,057.6 | 2,446.1 | 2,446.1 |
|
- Common stock with voting right
|
3,699.6 | 3,699.6 | 3,699.6 | 3,363.3 | 3,363.3 | 3,363.3 | 3,057.6 | 3,057.6 | 3,057.6 | 3,057.6 | 2,446.1 | 2,446.1 |
|
- 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
|
374.9 | 374.9 | 374.9 | 374.9 | 374.9 | 374.9 | 374.9 | 374.9 | 374.9 | 374.9 | 374.9 | 374.9 |
|
3. Convertible bond option
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
288.9 | 288.9 | 288.9 | 287.9 | 287.9 | 287.9 | 287.9 | 287.9 | 351.1 | 351.1 | 287.9 | 287.9 |
|
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
|
-240.8 | -240.8 | -234.8 | -234.8 | -233.1 | -221.0 | -221.0 | -221.0 | -174.7 | -163.8 | -163.8 | -163.8 |
|
8. Investment and development fund
|
23.5 | 23.5 | 23.5 | 23.5 | 23.5 | 23.5 | 23.5 | 23.5 | 17.6 | 17.6 | 17.6 | 17.6 |
|
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
|
2,653.1 | 2,368.3 | 2,076.8 | 2,439.0 | 2,512.0 | 2,358.4 | 2,537.0 | 2,615.6 | 2,377.1 | 2,088.3 | 2,688.1 | 2,643.3 |
|
- Accumulated retained earning at the end of the previous period
|
1,947.6 | 1,946.6 | 1,946.6 | 2,283.9 | 1,935.6 | 1,935.6 | 2,241.3 | 2,394.2 | 1,665.6 | 1,665.7 | 2,340.5 | 2,340.5 |
|
- Undistributed earnings in this period
|
705.6 | 421.7 | 130.2 | 155.1 | 576.3 | 422.9 | 295.7 | 221.3 | 711.5 | 422.6 | 347.7 | 302.7 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
1,578.3 | 1,553.6 | 1,527.9 | 1,329.2 | 1,355.1 | 1,368.8 | 1,391.7 | 1,354.8 | 1,311.3 | 1,296.2 | 1,275.7 | 1,299.3 |
|
14. Financial reserves
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Other resources and funds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Subsidized not-for-profit funds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Funds invested in fixed assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
C. MINORITY'S INTEREST
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
14,732.8 | 14,480.9 | 14,350.3 | 13,869.0 | 13,935.7 | 13,958.6 | 14,051.9 | 14,259.8 | 14,606.8 | 14,528.8 | 14,377.0 | 14,748.7 |
| 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
|
397.5 | 359.0 | 39.9 | 229.2 | 232.9 | 203.2 | 124.9 | 319.1 | 359.7 | 109.5 | 95.2 | 398.9 |
|
Depreciation of Fixed Assets and Investment Property
|
129.3 | 135.8 | 125.9 | 135.4 | 130.2 | 116.3 | 144.4 | 129.5 | 149.1 | 114.5 | 141.4 | 114.9 |
|
Provision (Increase)/Reversal
|
30.3 | 24.0 | 37.8 | 22.4 | 184.1 | 7.0 | 16.4 | 0.0 | 4.1 | -3.5 | 19.4 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-12.5 | 11.3 | 65.5 | 28.6 | 7.9 | 0.6 | 12.6 | -3.1 | 14.1 | 3.0 | 1.6 | 13.9 |
|
Gain/Loss from Investment Activities
|
5.3 | -26.5 | 2.1 | -20.4 | -19.1 | -34.8 | 4.9 | -7.8 | 107.3 | -67.0 | 24.6 | -23.8 |
|
Interest Expense
|
69.7 | 63.9 | 83.5 | 75.5 | 78.3 | 79.6 | 95.4 | 94.3 | 136.6 | 105.8 | 141.7 | 130.8 |
|
Gain/Loss on Disposal of Fixed Assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Income and Dividends
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Amortization of Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Adjustments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
619.6 | 567.4 | 354.8 | 470.6 | 614.2 | 371.9 | 398.6 | 531.9 | 770.9 | 262.3 | 423.9 | 634.7 |
|
Increase/(Decrease) in Receivables
|
48.9 | -343.4 | 84.5 | 32.7 | -228.7 | -205.0 | 204.8 | 179.7 | -264.0 | 64.7 | 267.2 | -132.1 |
|
Increase/(Decrease) in Inventory
|
-0.7 | 73.6 | 6.8 | -4.9 | 16.8 | 29.8 | 21.2 | 143.2 | 75.5 | 0.9 | 34.3 | 196.5 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
26.0 | -6.9 | -24.9 | -40.3 | 19.0 | -46.7 | -292.0 | -188.2 | 85.1 | -70.8 | 101.1 | -627.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
-0.4 | 3.2 | -16.1 | 5.7 | -7.3 | -10.0 | 11.9 | -9.6 | 15.3 | 2.0 | 2.6 | 2.4 |
|
Changes in Trading Securities
|
-51.8 | -19.6 | -30.2 | -15.9 | 5.2 | -44.6 | -193.2 | 40.6 | 126.8 | -229.7 | -283.6 | 1.2 |
|
Interest Paid
|
-73.1 | -67.6 | -101.0 | -48.9 | -81.7 | -83.2 | -108.4 | -68.8 | -141.5 | -133.7 | -148.3 | -115.4 |
|
Corporate Income Tax Paid
|
-10.0 | -12.5 | -15.1 | -60.0 | -16.6 | -4.7 | -51.4 | -38.7 | -17.7 | -6.7 | -25.5 | -76.6 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -1.1 | 1.1 | -7.9 | 7.9 | 0.0 | 0.0 |
|
Other Operating Payments
|
-0.1 | -4.4 | -1.1 | 0.0 | 2.5 | -3.5 | 2.6 | -4.5 | 0.1 | -0.4 | 7.5 | -8.3 |
|
Net Cash Flow from Operating Activities
|
558.4 | 189.8 | 257.7 | 339.1 | 323.4 | 4.1 | -7.0 | 586.7 | 642.5 | -103.6 | 379.2 | -124.5 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-29.9 | 0.0 | -96.1 | -4.3 | -1.3 | -5.1 | -9.7 | -6.1 | -101.9 | 42.4 | -79.3 | -9.0 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.0 | 0.0 | 0.0 | 0.0 | 1.4 | 0.0 | 0.0 | 0.0 | 0.6 | 0.0 | 0.0 | 0.0 |
|
Loans and Purchases of Debt Instruments
|
-30.0 | -325.6 | -108.0 | -35.0 | -20.0 | -4.9 | -142.0 | 0.0 | -66.0 | 11.7 | -11.7 | -77.4 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
-76.4 | 194.4 | 130.0 | 0.0 | 0.0 | 0.0 | 97.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Investments in Other Entities
|
-1.2 | -0.2 | -178.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.3 | 0.0 | -44.6 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
19.0 | 21.3 | 5.7 | 2.2 | 19.1 | 30.4 | -5.9 | 13.2 | -17.5 | 11.2 | 9.1 | 6.6 |
|
Increase/(Decrease) in Term Deposits
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-118.5 | -110.1 | -246.7 | -37.1 | -0.8 | 20.4 | -60.2 | 7.1 | -185.2 | 65.3 | -126.5 | -79.9 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.2 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | -0.2 | 0.2 | 0.0 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.2 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
658.4 | 5.2 | 1.0 | 0.5 | 19.0 | 32.7 | 5.8 | 12.9 | 64.8 | 445.0 | 1.4 | 87.9 |
|
Repayment of Borrowings
|
-946.1 | -171.5 | -178.2 | -130.9 | -216.1 | -35.0 | -32.4 | -273.9 | -484.8 | -277.6 | -420.6 | -141.8 |
|
Repayment of Finance Leases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-127.8 | 0.0 | -1.9 | 0.0 | -64.8 | -217.7 | 0.0 | 0.0 | -74.7 | 0.0 | -59.0 | 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
|
-415.2 | -166.4 | -179.0 | -130.4 | -261.9 | -220.2 | -26.6 | -261.0 | -494.5 | 167.1 | -477.9 | -53.8 |
|
Net Cash Flow During the Period
|
24.6 | -86.8 | -167.9 | 171.6 | 60.7 | -195.6 | -93.9 | 332.8 | -37.1 | 128.9 | -225.3 | -258.2 |
|
Cash and Cash Equivalents at Beginning of Period
|
243.3 | 330.0 | 503.9 | 332.3 | 245.5 | 245.5 | 245.5 | 245.5 | 694.5 | 694.5 | 694.5 | 694.5 |
|
FX Difference from Revaluation
|
-5.9 | -5.9 | -5.9 | 0.0 | -12.1 | 12.1 | -12.1 | 0.0 | -57.3 | 12.3 | -12.3 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
267.9 | 243.3 | 330.0 | 503.9 | 337.4 | 288.7 | 472.3 | 578.3 | 245.5 | 339.9 | 198.7 | 436.3 |
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