HNF
Listed Company · UPCOM
Price
28,000
Latest close
01 Apr 2026
P/E
8.2x
EPS
(TTM)
3,405
ROE
(TTM)
14.4%
P/B
1.2x
BVPS
(Latest)
24,237
ROA
(TTM)
5.0%
What Is Changing
HNF has not yet shown a broad-based top-line recovery. Revenue posted -8.6% YoY, but net margin reached 5.68% with an additional -3.4pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Income growth slowed to -42.6% in 2025 from 151.3% in the prior period, at VND 102.3bn.
- Revenue decreased 8.6% YoY to VND 1,800.3bn in 2025.
- Net margin declined from 9.05% in the prior period to 5.68% in 2025.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 1,800.3 | 1,969.6 | 1,756.3 | 1,962.9 | 1,607.5 |
| Growth | -9% | +12% | -11% | +22% | — |
| Net Income | 102.3 | 178.3 | 71.0 | 120.0 | 51.8 |
| Net Margin | 5.68% | 9.05% | 4.04% | 6.11% | 3.22% |
| 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 | 536.1 | 534.1 | 344.5 | 385.2 | 620.0 | 537.6 | 361.5 | 451.7 | 530.3 | 540.1 | 332.4 | 355.7 |
| Growth | +0% | +55% | -11% | -38% | +15% | +49% | -20% | -15% | -2% | +62% | -7% | — |
| Net Income | 24.6 | 39.8 | 8.5 | 29.2 | 71.8 | 45.3 | 40.7 | 20.2 | 43.7 | 18.8 | 5.3 | 3.3 |
| Net Margin | 4.60% | 7.44% | 2.48% | 7.58% | 11.59% | 8.43% | 11.25% | 4.47% | 8.24% | 3.49% | 1.58% | 0.93% |
Financial Statements
Profitability
Net margin reached 5.68% while Revenue posted -8.6% YoY.
Balance Sheet
Inventory stood at 121.5bn, liabilities at 1,316.8bn, and equity at 727.3bn.
Cash Flow
Operating cash flow was 241.6bn in 2024, while investing cash flow was -224.2bn.
Financing cash flow: -43.1bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
1,956.6 | 2,124.3 | 1,916.4 | 2,114.2 | 1,734.4 |
|
Revenue Deductions
|
156.3 | 154.7 | 160.1 | 151.3 | 0.0 |
|
Net Revenue
|
1,800.3 | 1,969.6 | 1,756.3 | 1,962.9 | 1,607.5 |
|
Cost of Goods Sold
|
1,256.3 | 1,328.8 | 1,275.2 | 1,406.5 | 0.0 |
|
Gross Profit
|
544.0 | 640.8 | 481.2 | 556.4 | 438.4 |
|
Financial Income
|
13.9 | 19.0 | 17.7 | 19.1 | 7.3 |
|
Financial Expenses
|
41.9 | 45.3 | 67.8 | 78.2 | -58.1 |
|
Interest Expense
|
38.2 | 40.7 | 62.0 | 68.1 | -46.4 |
|
Share of Associates and Joint Ventures
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Selling Expenses
|
352.2 | 357.4 | 305.0 | 314.7 | -281.4 |
|
General and Administrative Expenses
|
45.1 | 52.7 | 45.1 | 45.8 | -55.8 |
|
Operating Profit
|
118.7 | 204.5 | 81.0 | 136.7 | 50.3 |
|
Other Income
|
2.4 | 3.5 | 3.1 | 2.3 | 0.0 |
|
Other Expenses
|
0.6 | 2.1 | 0.7 | 0.6 | 0.0 |
|
Other Profit
|
1.8 | 1.5 | 2.5 | 1.8 | 1.8 |
|
Profit Before Tax
|
120.5 | 205.9 | 83.5 | 138.5 | 52.1 |
|
Current Income Tax Expense
|
18.1 | 27.6 | 12.5 | 18.5 | -0.3 |
|
Deferred Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
102.3 | 178.3 | 71.0 | 120.0 | 51.8 |
|
Non-controlling Interest
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Profit Attributable to Parent
|
102.3 | 178.3 | 71.0 | 120.0 | 51.8 |
|
Earnings per Share
|
3,411.00 | 5,945.00 | 2,365.00 | 4,000.00 | 1,726.13 |
|
Diluted EPS
|
3,410.95 | 5,944.71 | 2,365.15 | 4,000.13 | 1,726.13 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
973.0 | 1,198.2 | 965.0 | 964.8 | 910.5 |
|
I. Cash and cash equivalents
|
231.6 | 154.4 | 179.4 | 32.9 | 52.1 |
|
1. Cash
|
141.6 | 72.8 | 179.4 | 32.9 | 0.0 |
|
2. Cash equivalents
|
90.0 | 81.6 | 0.0 | 0.0 | 0.0 |
|
II. Short-term financial investments
|
128.5 | 372.8 | 170.0 | 275.5 | 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
|
128.5 | 372.8 | 170.0 | 275.5 | 0.0 |
|
III. Short-term receivables
|
467.1 | 513.9 | 451.0 | 472.9 | 498.7 |
|
1. Short-term trade accounts receivable
|
420.3 | 448.8 | 415.4 | 437.9 | 0.0 |
|
2. Short-term prepayments to suppliers
|
42.4 | 7.7 | 14.9 | 18.6 | 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
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
5.1 | 58.0 | 20.8 | 16.3 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
-0.7 | -0.6 | -0.0 | -0.0 | 0.0 |
|
8. Assets awaiting resolution
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
121.5 | 135.0 | 139.1 | 168.6 | 159.1 |
|
1. Inventories
|
121.5 | 135.0 | 139.1 | 168.6 | 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
|
24.3 | 22.0 | 25.5 | 14.9 | 10.6 |
|
1. Short-term prepayments
|
10.9 | 10.5 | 15.9 | 13.8 | 0.0 |
|
2. Value added tax to be reclaimed
|
13.4 | 11.5 | 9.4 | 1.1 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
0.0 | 0.0 | 0.2 | 0.0 | 0.0 |
|
4. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
1,071.0 | 867.0 | 903.8 | 1,076.9 | 1,070.5 |
|
I. Long-term receivables
|
0.1 | 0.1 | 0.1 | 121.1 | 0.0 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 121.1 |
|
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 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
0.1 | 0.1 | 0.1 | 121.1 | 0.0 |
|
7. Provision for long-term doubtful debts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
633.6 | 683.3 | 726.6 | 777.5 | 769.4 |
|
1. Tangible fixed assets
|
631.5 | 637.3 | 674.7 | 717.1 | 706.7 |
|
- Cost
|
1,153.6 | 1,076.2 | 1,054.0 | 1,031.8 | 0.0 |
|
- Accumulated depreciation
|
-522.1 | -438.8 | -379.3 | -314.7 | 0.0 |
|
2. Financial leased fixed assets
|
0.0 | 42.7 | 48.7 | 56.1 | 61.7 |
|
- Cost
|
0.0 | 58.9 | 61.9 | 66.6 | 0.0 |
|
- Accumulated depreciation
|
0.0 | -16.1 | -13.2 | -10.4 | 0.0 |
|
3. Intangible fixed assets
|
2.1 | 3.2 | 3.2 | 4.3 | 0.9 |
|
- Cost
|
5.8 | 5.7 | 4.7 | 4.9 | 0.0 |
|
- Accumulated depreciation
|
-3.7 | -2.5 | -1.5 | -0.6 | 0.0 |
|
III. Investment properties
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
268.3 | 9.4 | 0.5 | 0.0 | 1.1 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
268.3 | 9.4 | 0.5 | 0.0 | 0.0 |
|
V. Long-term financial investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
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 | 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
|
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
|
169.1 | 174.3 | 176.7 | 178.3 | 0.0 |
|
1. Long-term prepayments
|
169.1 | 174.3 | 176.7 | 178.3 | 0.0 |
|
2. Deferred income tax assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term equipment, supplies, spare parts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 178.9 |
|
5. Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
2,044.0 | 2,065.1 | 1,868.9 | 2,041.8 | 1,981.0 |
|
A. LIABILITIES (300=210+330)
|
1,316.8 | 1,371.3 | 1,289.8 | 1,377.7 | 1,444.9 |
|
I. Short -term liabilities
|
905.3 | 1,090.0 | 876.9 | 909.8 | 870.8 |
|
1. Short-term trade accounts payable
|
169.0 | 209.0 | 173.5 | 184.7 | 198.5 |
|
2. Short-term advances from customers
|
5.6 | 4.6 | 7.9 | 17.5 | 21.0 |
|
3. Taxes and other payables to state authorities
|
9.8 | 23.9 | 13.7 | 16.3 | 0.0 |
|
4. Payable to employees
|
45.7 | 51.8 | 30.8 | 35.8 | 0.0 |
|
5. Short-term acrrued expenses
|
75.0 | 82.6 | 86.9 | 68.8 | 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
|
9.8 | 9.6 | 3.5 | 6.1 | 4.9 |
|
9. Other short-term payables
|
3.4 | 3.4 | 5.5 | 5.9 | 0.0 |
|
10. Short-term borrowings and financial leases
|
557.9 | 684.8 | 538.1 | 563.8 | 510.6 |
|
11. Provision for short-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
29.1 | 20.4 | 16.9 | 10.9 | 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
|
411.5 | 281.3 | 412.9 | 467.8 | 574.1 |
|
1. Long-term trade payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Inter-company payables on business capital
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term inter-company payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Long-term unearned revenue
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Other long-term liabilities
|
85.8 | 86.7 | 88.5 | 87.7 | 0.0 |
|
8. Long-term borrowings and financial leases
|
325.7 | 194.6 | 324.5 | 380.1 | 488.5 |
|
9. Convertible bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12. Provision for long-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Fund for technology development
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Provision for severance allowances
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. OWNER'S EQUITY (400=410+430)
|
727.3 | 693.8 | 579.1 | 664.1 | 536.1 |
|
I. Owner's equity
|
727.3 | 693.8 | 579.1 | 664.1 | 0.0 |
|
1. Owner's capital
|
300.0 | 300.0 | 300.0 | 300.0 | 536.1 |
|
- Common stock with voting right
|
300.0 | 300.0 | 300.0 | 300.0 | 300.0 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
16.7 | 16.7 | 16.7 | 16.7 | 16.7 |
|
3. Convertible bond option
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Treasury shares
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Assets revaluation differences
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Foreign exchange differences
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
137.3 | 110.6 | 99.9 | 81.9 | 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
|
273.2 | 266.6 | 162.4 | 265.5 | 145.3 |
|
- Accumulated retained earning at the end of the previous period
|
170.9 | 118.2 | 91.5 | 145.5 | 93.5 |
|
- Undistributed earnings in this period
|
102.3 | 148.3 | 71.0 | 120.0 | 51.8 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
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)
|
2,044.0 | 2,065.1 | 1,868.9 | 2,041.8 | 1,981.0 |
| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
|
Profit Before Tax
|
205.9 | 83.5 | 138.5 | 51.8 | 0.0 |
|
Depreciation of Fixed Assets and Investment Property
|
67.7 | 68.4 | 61.6 | 53.1 | 0.0 |
|
Provision (Increase)/Reversal
|
0.5 | 0.0 | 0.0 | 0.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-1.4 | -0.2 | 1.8 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-12.9 | -16.0 | -17.9 | 0.0 | 0.0 |
|
Interest Expense
|
40.7 | 62.0 | 68.1 | 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
|
300.6 | 197.6 | 252.2 | 144.4 | 0.0 |
|
Increase/(Decrease) in Receivables
|
-61.8 | 20.9 | 26.9 | 0.0 | 0.0 |
|
Increase/(Decrease) in Inventory
|
4.1 | 29.4 | -9.5 | 0.0 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
46.0 | -9.2 | -18.8 | 0.0 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
8.0 | -0.5 | -6.2 | 0.0 | 0.0 |
|
Changes in Trading Securities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Paid
|
-40.8 | -63.0 | -68.7 | 0.0 | 0.0 |
|
Corporate Income Tax Paid
|
-14.5 | -14.8 | -8.7 | 0.0 | 0.0 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-0.0 | 0.0 | -0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
241.6 | 160.5 | 167.2 | -65.7 | 154.8 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-32.7 | -18.0 | -59.3 | -48.3 | -229.2 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
1.3 | 0.0 | 0.0 | 0.2 | 1.8 |
|
Loans and Purchases of Debt Instruments
|
-544.8 | -381.0 | -325.5 | 0.0 | -15.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
342.0 | 601.5 | 240.0 | -190.0 | 0.0 |
|
Investments in Other Entities
|
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 |
|
Dividends and Interest Income Received
|
10.1 | 14.5 | 14.8 | 0.0 | 0.0 |
|
Increase/(Decrease) in Term Deposits
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-224.2 | 217.0 | -130.0 | -232.4 | -242.3 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 0.0 | 0.0 | 0.0 | 99.9 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
1,394.6 | 1,146.8 | 1,504.7 | 1,469.5 | 1,337.0 |
|
Repayment of Borrowings
|
-1,372.0 | -1,221.9 | -1,554.0 | -1,158.5 | -1,285.6 |
|
Repayment of Finance Leases
|
-5.7 | -6.4 | -6.8 | -13.1 | -33.2 |
|
Dividends Paid
|
-60.0 | -149.5 | 0.0 | 0.0 | 0.0 |
|
Other Financing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Financing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Financing Activities
|
-43.1 | -230.9 | -56.2 | 297.9 | 118.1 |
|
Net Cash Flow During the Period
|
-25.7 | 146.5 | -19.0 | -4.1 | 21.4 |
|
Cash and Cash Equivalents at Beginning of Period
|
179.4 | 32.9 | 52.1 | 52.3 | 21.8 |
|
FX Difference from Revaluation
|
0.7 | -0.0 | -0.2 | 0.0 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
154.4 | 179.4 | 32.9 | 52.1 | 52.3 |
| 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
|
593.4 | 574.0 | 378.2 | 411.1 | 678.3 | 580.6 | 381.2 | 484.3 | 575.2 | 601.3 | 355.7 | 384.3 |
|
Revenue Deductions
|
57.3 | 39.8 | 33.7 | 25.8 | 58.4 | 43.0 | 19.7 | 32.5 | 45.0 | 61.2 | 23.2 | 28.7 |
|
Net Revenue
|
536.1 | 534.1 | 344.5 | 385.2 | 620.0 | 537.6 | 361.5 | 451.7 | 530.3 | 540.1 | 332.4 | 355.7 |
|
Cost of Goods Sold
|
391.5 | 352.2 | 246.7 | 266.8 | 419.0 | 341.8 | 246.8 | 321.2 | 378.4 | 360.6 | 254.5 | 281.6 |
|
Gross Profit
|
144.7 | 181.9 | 97.7 | 118.5 | 201.0 | 195.8 | 114.7 | 130.5 | 151.9 | 179.4 | 77.9 | 74.0 |
|
Financial Income
|
2.2 | 0.2 | 5.4 | 6.2 | 7.9 | 2.4 | 5.9 | 4.1 | 4.1 | 2.7 | 1.9 | 5.5 |
|
Financial Expenses
|
10.3 | 9.1 | 11.3 | 11.2 | 9.8 | 11.6 | 8.5 | 15.7 | 15.0 | 18.4 | 18.5 | 16.1 |
|
Interest Expense
|
9.5 | 8.1 | 10.4 | 10.0 | 9.1 | 9.5 | 7.3 | 14.8 | 13.4 | 15.6 | 17.6 | 15.4 |
|
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
|
97.1 | 112.8 | 68.6 | 70.0 | 98.2 | 120.6 | 58.0 | 82.2 | 78.0 | 129.1 | 45.7 | 51.1 |
|
General and Administrative Expenses
|
10.3 | 14.2 | 13.3 | 10.3 | 17.4 | 13.1 | 11.5 | 11.4 | 12.9 | 13.9 | 9.3 | 8.8 |
|
Operating Profit
|
29.2 | 46.0 | 10.0 | 33.2 | 83.5 | 52.9 | 42.6 | 25.5 | 50.1 | 20.8 | 6.3 | 3.5 |
|
Other Income
|
0.4 | 0.8 | 0.3 | 0.9 | 1.1 | 0.6 | 1.3 | 0.6 | 1.2 | 0.4 | 0.9 | 0.7 |
|
Other Expenses
|
0.1 | 0.2 | 0.1 | 0.2 | 1.1 | 0.1 | 0.4 | 0.4 | 0.1 | 0.2 | 0.3 | 0.0 |
|
Other Profit
|
0.2 | 0.6 | 0.2 | 0.8 | -0.0 | 0.5 | 0.9 | 0.1 | 1.1 | 0.2 | 0.6 | 0.6 |
|
Profit Before Tax
|
29.4 | 46.6 | 10.2 | 34.0 | 83.4 | 53.4 | 43.5 | 25.6 | 51.3 | 21.0 | 6.9 | 4.1 |
|
Current Income Tax Expense
|
4.8 | 6.9 | 1.6 | 4.8 | 11.6 | 8.1 | 2.8 | 5.4 | 7.6 | 2.2 | 1.6 | 0.8 |
|
Deferred Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
24.6 | 39.8 | 8.5 | 29.2 | 71.8 | 45.3 | 40.7 | 20.2 | 43.7 | 18.8 | 5.3 | 3.3 |
|
Non-controlling 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 |
|
Profit Attributable to Parent
|
24.6 | 39.8 | 8.5 | 29.2 | 71.8 | 45.3 | 40.7 | 20.2 | 43.7 | 18.8 | 5.3 | 3.3 |
|
Earnings per Share
|
822.00 | 1,325.00 | 284.57 | 973.30 | 2,394.99 | 1,510.06 | 1,355.21 | 673.82 | 1,456.62 | 627.53 | 175.32 | 109.76 |
|
Diluted EPS
|
821.56 | 1,325.22 | 284.57 | 973.30 | 2,394.99 | 1,510.06 | 1,355.21 | 673.82 | 1,456.62 | 627.53 | 175.32 | 109.76 |
| 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)
|
973.2 | 795.5 | 801.4 | 1,031.2 | 1,198.5 | 1,005.9 | 816.7 | 916.4 | 964.1 | 1,029.4 | 821.1 | 737.1 |
|
I. Cash and cash equivalents
|
211.6 | 134.1 | 115.5 | 77.6 | 154.9 | 38.9 | 75.5 | 152.9 | 179.4 | 57.0 | 140.5 | 22.8 |
|
1. Cash
|
141.6 | 104.8 | 85.5 | 77.6 | 154.9 | 38.9 | 75.5 | 152.9 | 179.4 | 57.0 | 140.5 | 22.8 |
|
2. Cash equivalents
|
70.0 | 29.3 | 30.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Short-term financial investments
|
148.5 | 30.0 | 57.1 | 259.9 | 373.2 | 220.6 | 165.0 | 210.0 | 170.0 | 210.0 | 0.0 | 130.0 |
|
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
|
148.5 | 30.0 | 57.1 | 259.9 | 373.2 | 220.6 | 165.0 | 210.0 | 170.0 | 210.0 | 0.0 | 130.0 |
|
III. Short-term receivables
|
467.3 | 478.5 | 434.7 | 546.2 | 513.3 | 611.4 | 432.5 | 428.1 | 450.1 | 616.1 | 530.9 | 430.5 |
|
1. Short-term trade accounts receivable
|
420.3 | 430.0 | 384.3 | 414.6 | 453.1 | 438.4 | 388.1 | 393.1 | 415.4 | 455.5 | 378.2 | 396.6 |
|
2. Short-term prepayments to suppliers
|
42.4 | 40.4 | 42.7 | 88.6 | 7.7 | 34.0 | 24.6 | 18.5 | 14.9 | 17.5 | 22.6 | 15.8 |
|
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
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
5.3 | 8.9 | 8.2 | 43.6 | 53.1 | 139.1 | 19.7 | 16.5 | 19.8 | 143.1 | 130.2 | 18.1 |
|
7. Provision for short-term doubtful debts (*)
|
-0.7 | -0.7 | -0.6 | -0.6 | -0.6 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 |
|
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
|
121.5 | 131.4 | 158.7 | 125.7 | 135.0 | 114.1 | 119.9 | 100.8 | 139.1 | 123.2 | 130.4 | 135.6 |
|
1. Inventories
|
121.5 | 131.4 | 158.7 | 125.7 | 135.0 | 114.1 | 119.9 | 100.8 | 139.1 | 123.2 | 130.4 | 135.6 |
|
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
|
24.3 | 21.5 | 35.4 | 21.8 | 22.0 | 20.9 | 23.8 | 24.7 | 25.5 | 23.1 | 19.3 | 18.1 |
|
1. Short-term prepayments
|
10.9 | 6.8 | 8.7 | 9.4 | 10.5 | 8.6 | 8.8 | 11.5 | 15.9 | 16.4 | 9.6 | 12.4 |
|
2. Value added tax to be reclaimed
|
13.4 | 14.5 | 26.4 | 11.9 | 11.5 | 12.3 | 14.8 | 11.9 | 9.4 | 6.3 | 8.2 | 4.6 |
|
3. Taxes and other receivables from state authorities
|
0.0 | 0.2 | 0.3 | 0.5 | 0.0 | 0.0 | 0.2 | 1.3 | 0.2 | 0.4 | 1.5 | 1.1 |
|
4. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
1,071.2 | 1,074.5 | 988.5 | 853.9 | 867.0 | 855.9 | 870.7 | 889.1 | 903.8 | 916.7 | 930.4 | 1,066.1 |
|
I. Long-term receivables
|
0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.6 | 0.6 | 120.6 |
|
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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 120.0 |
|
6. Other long-term receivables
|
0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.6 | 0.6 | 0.6 |
|
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
|
633.6 | 646.2 | 660.2 | 677.9 | 683.3 | 682.8 | 696.9 | 713.0 | 726.6 | 738.7 | 752.6 | 766.0 |
|
1. Tangible fixed assets
|
631.5 | 604.4 | 617.0 | 633.4 | 637.3 | 636.4 | 649.2 | 662.6 | 674.7 | 685.3 | 697.8 | 709.7 |
|
- Cost
|
1,153.6 | 1,090.0 | 1,086.6 | 1,086.9 | 1,076.2 | 1,062.9 | 1,060.2 | 1,056.4 | 1,054.0 | 1,049.1 | 1,045.7 | 1,042.0 |
|
- Accumulated depreciation
|
-522.1 | -485.6 | -469.6 | -453.5 | -438.8 | -426.5 | -411.0 | -393.8 | -379.3 | -363.7 | -348.0 | -332.3 |
|
2. Financial leased fixed assets
|
0.0 | 39.3 | 40.5 | 41.6 | 42.7 | 43.9 | 45.0 | 47.5 | 48.7 | 50.0 | 51.2 | 52.4 |
|
- Cost
|
0.0 | 58.9 | 58.9 | 58.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | -19.5 | -18.4 | -17.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
2.1 | 2.4 | 2.7 | 2.9 | 3.2 | 2.5 | 2.7 | 3.0 | 3.2 | 3.4 | 3.7 | 3.9 |
|
- Cost
|
5.8 | 5.7 | 5.7 | 5.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-3.7 | -3.3 | -3.0 | -2.7 | 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
|
268.4 | 259.0 | 157.0 | 1.8 | 9.4 | 0.9 | 0.6 | 0.5 | 0.5 | 0.0 | 0.0 | 0.0 |
|
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
|
268.4 | 259.0 | 157.0 | 1.8 | 9.4 | 0.9 | 0.6 | 0.5 | 0.5 | 0.0 | 0.0 | 0.0 |
|
V. Long-term financial 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 |
|
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 | 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
|
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 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
|
169.1 | 169.3 | 171.2 | 174.1 | 174.3 | 172.1 | 173.1 | 175.5 | 176.7 | 177.4 | 177.1 | 179.5 |
|
1. Long-term prepayments
|
169.1 | 169.3 | 171.2 | 174.1 | 174.3 | 172.1 | 173.1 | 175.5 | 176.7 | 177.4 | 177.1 | 179.5 |
|
2. Deferred income tax assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term equipment, supplies, spare parts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
2,044.4 | 1,870.0 | 1,789.8 | 1,885.1 | 2,065.5 | 1,861.8 | 1,687.4 | 1,805.5 | 1,867.9 | 1,946.1 | 1,751.5 | 1,803.2 |
|
A. LIABILITIES (300=210+330)
|
1,317.2 | 1,167.5 | 1,127.2 | 1,162.0 | 1,372.0 | 1,210.2 | 1,081.0 | 1,206.3 | 1,288.8 | 1,410.7 | 1,234.8 | 1,135.8 |
|
I. Short -term liabilities
|
905.8 | 759.4 | 776.2 | 880.1 | 1,090.6 | 897.7 | 765.4 | 873.0 | 873.0 | 968.3 | 790.9 | 664.4 |
|
1. Short-term trade accounts payable
|
169.0 | 127.9 | 119.5 | 101.3 | 208.7 | 138.9 | 112.1 | 107.1 | 173.6 | 147.1 | 105.6 | 113.5 |
|
2. Short-term advances from customers
|
5.6 | 9.1 | 9.9 | 6.8 | 4.6 | 8.8 | 4.0 | 3.3 | 7.9 | 5.2 | 5.9 | 6.2 |
|
3. Taxes and other payables to state authorities
|
9.8 | 10.4 | 13.2 | 6.2 | 24.2 | 31.6 | 12.3 | 8.1 | 13.4 | 27.7 | 14.1 | 3.4 |
|
4. Payable to employees
|
46.3 | 47.6 | 33.6 | 28.4 | 55.1 | 30.8 | 24.8 | 25.3 | 30.8 | 26.1 | 18.2 | 19.1 |
|
5. Short-term acrrued expenses
|
74.8 | 64.3 | 30.8 | 51.9 | 80.3 | 90.7 | 46.8 | 76.2 | 84.6 | 111.8 | 15.3 | 38.5 |
|
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
|
9.8 | 8.6 | 5.6 | 8.6 | 8.7 | 5.5 | 5.6 | 5.6 | 3.5 | 6.1 | 1.3 | 4.4 |
|
9. Other short-term payables
|
3.4 | 4.4 | 5.3 | 4.6 | 4.0 | 36.1 | 42.3 | 7.9 | 7.2 | 154.9 | 154.5 | 4.3 |
|
10. Short-term borrowings and financial leases
|
557.9 | 457.9 | 529.1 | 651.8 | 684.8 | 534.9 | 497.1 | 622.5 | 535.2 | 472.4 | 459.0 | 464.0 |
|
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
|
29.1 | 29.3 | 29.3 | 20.4 | 20.4 | 20.4 | 20.4 | 16.9 | 16.9 | 16.9 | 16.9 | 10.9 |
|
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
|
411.5 | 408.1 | 351.0 | 282.0 | 281.3 | 312.4 | 315.6 | 333.3 | 415.8 | 442.4 | 443.9 | 471.4 |
|
1. Long-term trade payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Inter-company payables on business capital
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term inter-company payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Long-term unearned revenue
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Other long-term liabilities
|
85.8 | 86.7 | 85.7 | 87.4 | 86.7 | 88.3 | 88.8 | 89.5 | 88.5 | 88.3 | 89.9 | 90.4 |
|
8. Long-term borrowings and financial leases
|
325.7 | 321.4 | 265.3 | 194.6 | 194.6 | 224.1 | 226.8 | 243.8 | 327.3 | 354.1 | 354.0 | 381.0 |
|
9. Convertible bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12. Provision for long-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Fund for technology development
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Provision for severance allowances
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. OWNER'S EQUITY (400=410+430)
|
727.1 | 702.5 | 662.7 | 723.0 | 693.5 | 651.7 | 606.4 | 599.3 | 579.1 | 535.4 | 516.6 | 667.4 |
|
I. Owner's equity
|
727.1 | 702.5 | 662.7 | 723.0 | 693.5 | 651.7 | 606.4 | 599.3 | 579.1 | 535.4 | 516.6 | 667.4 |
|
1. Owner's capital
|
300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 |
|
- Common stock with voting right
|
300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 | 300.0 |
|
- 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
|
16.7 | 16.7 | 16.7 | 16.7 | 16.7 | 16.7 | 16.7 | 16.7 | 16.7 | 16.7 | 16.7 | 16.7 |
|
3. Convertible bond option
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Treasury shares
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Assets revaluation differences
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Foreign exchange differences
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
137.3 | 137.3 | 137.3 | 110.6 | 110.6 | 110.6 | 110.6 | 99.9 | 99.9 | 99.9 | 99.9 | 81.9 |
|
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
|
273.1 | 248.5 | 208.6 | 295.8 | 266.2 | 224.4 | 179.1 | 182.6 | 162.5 | 118.8 | 100.0 | 268.8 |
|
- Accumulated retained earning at the end of the previous period
|
170.9 | 170.9 | 170.9 | 266.6 | 88.2 | 118.2 | 118.2 | 162.4 | 91.5 | 91.5 | 91.5 | 265.5 |
|
- Undistributed earnings in this period
|
102.2 | 77.6 | 37.7 | 29.2 | 178.0 | 106.2 | 60.9 | 20.2 | 71.0 | 27.3 | 8.6 | 3.3 |
|
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
|
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. 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)
|
2,044.4 | 1,870.0 | 1,789.8 | 1,885.1 | 2,065.5 | 1,861.8 | 1,687.4 | 1,805.5 | 1,867.9 | 1,946.1 | 1,751.5 | 1,803.2 |
| 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
|
29.4 | 46.6 | 10.3 | 34.0 | 83.4 | 53.4 | 43.5 | 25.6 | 51.5 | 21.0 | 6.8 | 4.1 |
|
Depreciation of Fixed Assets and Investment Property
|
17.4 | 17.4 | 17.4 | 17.5 | 18.0 | 16.8 | 16.9 | 17.0 | 17.1 | 17.2 | 17.1 | 17.0 |
|
Provision (Increase)/Reversal
|
0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-0.2 | 0.0 | -0.9 | 0.0 | -1.5 | 0.7 | -0.7 | 0.1 | 0.3 | 0.0 | -0.6 | 0.0 |
|
Gain/Loss from Investment Activities
|
-1.6 | -0.1 | -3.7 | -6.4 | -5.8 | -2.2 | -2.3 | -4.2 | -7.5 | -2.6 | -0.9 | -4.9 |
|
Interest Expense
|
9.5 | 8.1 | 10.4 | 10.0 | 9.1 | 9.5 | 7.3 | 14.8 | 13.5 | 15.6 | 17.6 | 15.4 |
|
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
|
54.5 | 72.2 | 33.5 | 55.0 | 103.2 | 78.1 | 64.7 | 53.2 | 74.8 | 51.2 | 40.0 | 31.6 |
|
Increase/(Decrease) in Receivables
|
24.4 | -32.4 | 126.7 | -29.4 | 97.7 | -185.2 | 2.8 | 16.9 | 53.0 | -80.5 | 9.8 | 38.6 |
|
Increase/(Decrease) in Inventory
|
9.9 | 27.2 | -33.0 | 9.4 | -20.9 | 5.8 | -19.1 | 38.4 | -15.9 | 7.2 | 5.2 | 33.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
24.2 | 52.4 | 13.3 | -161.9 | 46.8 | 95.9 | -26.4 | -89.4 | -9.1 | 160.0 | -31.1 | -129.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
-3.8 | 4.2 | 3.1 | 1.3 | -4.0 | 1.2 | 5.0 | 5.6 | 1.2 | -7.0 | 5.1 | 0.2 |
|
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
|
-13.3 | -8.4 | -9.9 | -10.8 | -8.0 | -10.3 | -8.8 | -13.5 | -14.4 | -13.8 | -17.8 | -17.0 |
|
Corporate Income Tax Paid
|
-5.5 | -3.5 | 0.0 | -18.3 | -8.4 | -1.4 | -0.1 | -4.6 | -4.9 | -1.6 | 0.0 | -8.3 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-0.0 | -0.1 | -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
|
90.2 | 111.7 | 133.7 | -154.7 | 206.4 | -15.9 | 18.1 | 6.6 | 84.7 | 115.6 | 11.2 | -50.9 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-11.1 | -105.6 | -193.4 | -4.6 | -6.0 | -3.2 | -0.1 | -2.9 | -5.4 | -3.3 | 0.9 | -10.2 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.0 | 0.0 | 0.0 | 0.3 | 0.1 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Loans and Purchases of Debt Instruments
|
-341.2 | 0.0 | 0.0 | 0.0 | -192.7 | -217.6 | 15.0 | -150.0 | -50.0 | -331.0 | 0.0 | 0.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
234.2 | 7.1 | 222.8 | 112.9 | 40.1 | 162.0 | 30.0 | 110.0 | 205.0 | 121.0 | 130.0 | 145.5 |
|
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 |
|
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
|
1.2 | 0.2 | 5.6 | 2.3 | 6.9 | 3.9 | 0.9 | 6.1 | 2.2 | 0.8 | 6.9 | 4.6 |
|
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
|
-116.9 | -98.3 | 35.0 | 110.9 | -151.6 | -54.9 | 45.8 | -36.6 | 151.8 | -212.5 | 137.8 | 139.9 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
394.9 | 423.0 | 363.4 | 422.6 | 402.3 | 329.7 | 286.7 | 376.0 | 375.3 | 305.3 | 269.2 | 197.1 |
|
Repayment of Borrowings
|
-287.0 | -436.3 | -414.2 | -454.3 | -280.5 | -293.5 | -427.3 | -371.0 | -338.3 | -290.3 | -299.1 | -294.2 |
|
Repayment of Finance Leases
|
-4.0 | -1.3 | -1.3 | -1.3 | -1.3 | -1.3 | -1.6 | -1.5 | -1.5 | -1.5 | -1.5 | -1.9 |
|
Dividends Paid
|
0.0 | -0.2 | -59.7 | -0.0 | -59.9 | -0.0 | -0.1 | -0.0 | -149.5 | 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
|
103.9 | -14.8 | -111.8 | -33.0 | 60.5 | 34.9 | -142.3 | 3.5 | -114.0 | 13.4 | -31.4 | -99.0 |
|
Net Cash Flow During the Period
|
77.3 | -1.4 | 56.9 | -76.7 | 115.3 | -35.9 | -78.4 | -26.5 | 122.4 | -83.5 | 117.6 | -10.1 |
|
Cash and Cash Equivalents at Beginning of Period
|
134.1 | 135.5 | 77.6 | 154.4 | 179.4 | 179.4 | 179.4 | 179.4 | 32.9 | 32.9 | 32.9 | 32.9 |
|
FX Difference from Revaluation
|
1.2 | 0.9 | 0.9 | 0.0 | 0.7 | -0.7 | 1.0 | 0.0 | -0.1 | 0.0 | 0.1 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
211.6 | 134.1 | 135.5 | 77.6 | 154.9 | 38.9 | 75.5 | 152.9 | 179.4 | 57.0 | 140.5 | 22.8 |
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