MNB
Listed Company · UPCOM
Price
27,000
Latest close
02 Apr 2026
P/E
4.1x
EPS
(TTM)
6,663
ROE
(TTM)
22.7%
P/B
0.8x
BVPS
(Latest)
33,026
ROA
(TTM)
4.0%
What Is Changing
MNB no longer looks like a business simply rebounding from a weak base. Revenue posted +13.2% YoY, while net margin reached 4.24% with an additional +1.3pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Margin expanded consistently from 0.89% in 2023 to 4.24% in 2025.
- Revenue increased 13.2% YoY to VND 5,243.8bn in 2025.
- Net Income reached a multi-period high at VND 222.4bn in 2025.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 5,243.8 | 4,632.2 | 3,744.3 | 4,573.6 | 3,088.8 |
| Growth | +13% | +24% | -18% | +48% | — |
| Net Income | 222.4 | 134.2 | 33.5 | 144.8 | -2.6 |
| Net Margin | 4.24% | 2.90% | 0.89% | 3.17% | -0.08% |
| 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 | 1,506.9 | 1,450.8 | 1,329.3 | 1,007.9 | 1,401.1 | 1,303.9 | 1,083.0 | 875.7 | 1,003.0 | 957.9 | 929.9 | 928.5 |
| Growth | +4% | +9% | +32% | -28% | +7% | +20% | +24% | -13% | +5% | +3% | +0% | — |
| Net Income | 57.8 | 66.6 | 43.3 | 35.2 | 47.1 | 46.9 | 25.5 | 11.3 | 4.2 | 2.7 | 12.0 | 18.2 |
| Net Margin | 3.83% | 4.59% | 3.26% | 3.49% | 3.36% | 3.60% | 2.35% | 1.29% | 0.42% | 0.28% | 1.30% | 1.96% |
Financial Statements
Profitability
Net margin reached 4.24% while Revenue posted +13.2% YoY.
Balance Sheet
Inventory stood at 697.7bn, liabilities at 2,797.6bn, and equity at 654.4bn.
Cash Flow
Operating cash flow was 207.8bn in 2025, while investing cash flow was -80.0bn.
Financing cash flow: 41.6bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
5,249.8 | 4,637.4 | 3,751.9 | 4,578.4 | 3,095.8 |
|
Revenue Deductions
|
6.0 | 5.2 | 7.6 | 4.8 | 0.0 |
|
Net Revenue
|
5,243.8 | 4,632.2 | 3,744.3 | 4,573.6 | 3,088.8 |
|
Cost of Goods Sold
|
4,265.3 | 3,765.2 | 3,097.5 | 3,715.4 | 0.0 |
|
Gross Profit
|
978.6 | 867.0 | 646.8 | 858.2 | 517.1 |
|
Financial Income
|
62.3 | 69.6 | 65.0 | 85.0 | 33.1 |
|
Financial Expenses
|
114.1 | 124.1 | 125.4 | 155.0 | -71.7 |
|
Interest Expense
|
79.9 | 75.8 | 78.1 | 64.6 | -56.9 |
|
Share of Associates and Joint Ventures
|
6.7 | 1.4 | -0.7 | 7.2 | -12.3 |
|
Selling Expenses
|
276.4 | 257.4 | 194.6 | 252.6 | -186.4 |
|
General and Administrative Expenses
|
408.3 | 403.5 | 346.3 | 370.0 | -282.6 |
|
Operating Profit
|
248.8 | 153.1 | 44.7 | 172.7 | -2.8 |
|
Other Income
|
29.3 | 27.3 | 28.3 | 29.2 | 0.0 |
|
Other Expenses
|
6.2 | 14.8 | 15.7 | 15.2 | 0.0 |
|
Other Profit
|
23.0 | 12.5 | 12.6 | 14.0 | 18.5 |
|
Profit Before Tax
|
271.9 | 165.6 | 57.4 | 186.7 | 15.6 |
|
Current Income Tax Expense
|
44.4 | 30.8 | 23.7 | 38.3 | -18.2 |
|
Deferred Income Tax Expense
|
5.0 | 0.6 | 0.2 | 3.5 | 0.0 |
|
Net Income
|
222.4 | 134.2 | 33.5 | 144.8 | -2.6 |
|
Non-controlling Interest
|
68.5 | 43.2 | 1.7 | 39.7 | -1.9 |
|
Profit Attributable to Parent
|
153.9 | 91.0 | 31.7 | 105.1 | -0.7 |
|
Earnings per Share
|
7,694.00 | 4,646.00 | 1,661.00 | 5,241.00 | -36.00 |
|
Diluted EPS
|
7,328.00 | 4,646.00 | 1,587.00 | 5,500.72 | -35.86 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
2,668.4 | 2,311.9 | 1,936.3 | 2,180.0 | 1,947.0 |
|
I. Cash and cash equivalents
|
507.9 | 337.4 | 281.0 | 373.5 | 307.3 |
|
1. Cash
|
395.6 | 227.7 | 165.5 | 208.7 | 0.0 |
|
2. Cash equivalents
|
112.3 | 109.7 | 115.5 | 164.9 | 0.0 |
|
II. Short-term financial investments
|
115.2 | 105.3 | 118.5 | 172.9 | 0.0 |
|
1. Available for sale securities
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Held to maturity investments
|
115.2 | 105.3 | 118.5 | 172.9 | 0.0 |
|
III. Short-term receivables
|
1,223.6 | 1,049.2 | 726.5 | 781.7 | 777.1 |
|
1. Short-term trade accounts receivable
|
1,117.7 | 925.2 | 601.7 | 657.6 | 0.0 |
|
2. Short-term prepayments to suppliers
|
23.3 | 30.7 | 55.6 | 60.0 | 0.0 |
|
3. Short-term inter-company receivables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term loan receivables
|
— | 10.0 | 7.0 | 6.0 | 0.0 |
|
6. Other short-term receivables
|
93.7 | 89.0 | 67.6 | 60.3 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
-11.1 | -5.7 | -5.6 | -2.2 | 0.0 |
|
8. Assets awaiting resolution
|
— | 0.0 | 0.1 | 0.1 | 0.0 |
|
IV. Inventories
|
697.7 | 690.8 | 694.4 | 761.3 | 749.9 |
|
1. Inventories
|
703.7 | 693.7 | 694.7 | 761.8 | 0.0 |
|
2. Provision for decline in value of inventories
|
-6.0 | -2.9 | -0.2 | -0.5 | 0.0 |
|
V. Other short-term assets
|
124.1 | 129.2 | 115.8 | 90.5 | 80.5 |
|
1. Short-term prepayments
|
11.8 | 14.3 | 17.4 | 11.9 | 0.0 |
|
2. Value added tax to be reclaimed
|
105.9 | 111.1 | 89.9 | 75.1 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
6.4 | 3.8 | 8.6 | 3.5 | 0.0 |
|
4. Government bonds
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
783.6 | 784.5 | 771.0 | 792.2 | 848.9 |
|
I. Long-term receivables
|
14.3 | 14.5 | 15.3 | 16.4 | 0.0 |
|
1. Long-term trade receivables
|
— | 0.0 | 0.0 | 0.0 | 30.8 |
|
2. Long-term prepayments to suppliers
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
14.3 | 14.5 | 15.3 | 16.4 | 0.0 |
|
7. Provision for long-term doubtful debts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
589.1 | 601.8 | 580.8 | 595.6 | 631.5 |
|
1. Tangible fixed assets
|
572.2 | 587.6 | 563.3 | 577.0 | 610.0 |
|
- Cost
|
1,865.4 | 1,830.0 | 1,748.2 | 1,709.8 | 0.0 |
|
- Accumulated depreciation
|
-1,293.2 | -1,242.4 | -1,184.9 | -1,132.8 | 0.0 |
|
2. Financial leased fixed assets
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
16.9 | 14.2 | 17.5 | 18.5 | 21.5 |
|
- Cost
|
59.3 | 55.1 | 55.0 | 57.8 | 0.0 |
|
- Accumulated depreciation
|
-42.4 | -40.9 | -37.5 | -39.3 | 0.0 |
|
III. Investment properties
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
15.7 | 5.4 | 21.4 | 31.9 | 27.8 |
|
1. Long-term production in progress
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
15.7 | 5.4 | 21.4 | 31.9 | 0.0 |
|
V. Long-term financial investments
|
84.3 | 82.0 | 82.3 | 83.8 | 87.5 |
|
1. Investments in subsidiaries
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
53.0 | 48.9 | 48.2 | 47.6 | 0.0 |
|
3. Investments in other entities
|
33.3 | 33.3 | 34.3 | 34.3 | 0.0 |
|
4. Provision for diminution in value of long-term investments
|
-1.9 | -0.1 | -0.1 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
0.0 | 0.0 | 0.0 | 2.0 | 0.0 |
|
6. Other long-term investments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
80.2 | 80.9 | 71.1 | 64.5 | 0.0 |
|
1. Long-term prepayments
|
79.9 | 80.7 | 71.1 | 64.5 | 0.0 |
|
2. Deferred income tax assets
|
0.2 | 0.2 | 0.0 | 0.0 | 0.0 |
|
3. Long-term equipment, supplies, spare parts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
— | 0.0 | 0.0 | 0.0 | 71.3 |
|
5. Goodwill
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
3,452.0 | 3,096.4 | 2,707.2 | 2,972.2 | 2,795.8 |
|
A. LIABILITIES (300=210+330)
|
2,797.6 | 2,577.3 | 2,259.5 | 2,509.7 | 2,438.7 |
|
I. Short -term liabilities
|
2,487.8 | 2,385.8 | 2,082.6 | 2,364.0 | 2,145.1 |
|
1. Short-term trade accounts payable
|
325.5 | 248.8 | 229.8 | 287.2 | 342.2 |
|
2. Short-term advances from customers
|
24.7 | 80.1 | 81.6 | 80.8 | 127.5 |
|
3. Taxes and other payables to state authorities
|
30.9 | 24.5 | 16.0 | 28.6 | 0.0 |
|
4. Payable to employees
|
297.0 | 213.4 | 183.1 | 287.8 | 0.0 |
|
5. Short-term acrrued expenses
|
45.9 | 53.5 | 43.7 | 26.0 | 0.0 |
|
6. Short-term inter-company payables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Construction contract progress payments due to suppliers
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Short-term unearned revenue
|
13.7 | 1.4 | 24.0 | 17.1 | 15.2 |
|
9. Other short-term payables
|
60.1 | 45.0 | 66.9 | 75.9 | 0.0 |
|
10. Short-term borrowings and financial leases
|
1,650.1 | 1,677.7 | 1,395.7 | 1,512.5 | 1,239.6 |
|
11. Provision for short-term liabilities
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
39.9 | 41.3 | 41.9 | 48.2 | 0.0 |
|
13. Price stabilization fund
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Government bonds
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Long-term liabilities
|
309.8 | 191.5 | 177.0 | 145.7 | 293.6 |
|
1. Long-term trade payables
|
— | 0.0 | 0.0 | 0.0 | 0.1 |
|
2. Long-term advances from customers
|
3.4 | 21.1 | 19.0 | 14.7 | 14.0 |
|
3. Long-term acrrued expenses
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Inter-company payables on business capital
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term inter-company payables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Long-term unearned revenue
|
21.8 | 22.4 | 23.1 | 23.8 | 27.7 |
|
7. Other long-term liabilities
|
14.1 | 20.8 | 12.3 | 2.9 | 0.0 |
|
8. Long-term borrowings and financial leases
|
72.4 | 113.8 | 109.9 | 88.3 | 238.7 |
|
9. Convertible bonds
|
179.6 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
18.4 | 13.3 | 12.6 | 15.9 | 0.0 |
|
12. Provision for long-term liabilities
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Fund for technology development
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Provision for severance allowances
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. OWNER'S EQUITY (400=410+430)
|
654.4 | 519.1 | 447.7 | 462.5 | 357.2 |
|
I. Owner's equity
|
654.4 | 519.1 | 447.7 | 462.5 | 0.0 |
|
1. Owner's capital
|
200.0 | 200.0 | 191.1 | 191.1 | 357.2 |
|
- Common stock with voting right
|
200.0 | 200.0 | 191.1 | 191.1 | 182.0 |
|
- Preferred stock
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Convertible bond option
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Treasury shares
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Assets revaluation differences
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Foreign exchange differences
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
79.1 | 73.0 | 69.6 | 62.8 | 0.0 |
|
9. Fund to support corporate restructuring
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
240.5 | 142.1 | 114.5 | 127.1 | 64.5 |
|
- Accumulated retained earning at the end of the previous period
|
86.6 | 51.1 | 82.7 | 22.0 | 65.2 |
|
- Undistributed earnings in this period
|
153.9 | 91.0 | 31.7 | 105.1 | -0.7 |
|
12. Reserves for investment in construction
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
134.8 | 104.0 | 72.5 | 81.4 | 53.1 |
|
14. Financial reserves
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Other resources and funds
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Subsidized not-for-profit funds
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Funds invested in fixed assets
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
C. MINORITY'S INTEREST
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
3,452.0 | 3,096.4 | 2,707.2 | 2,972.2 | 2,795.8 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Profit Before Tax
|
271.9 | 165.6 | 57.4 | 186.7 | 15.6 |
|
Depreciation of Fixed Assets and Investment Property
|
96.7 | 101.5 | 97.3 | 91.3 | 99.3 |
|
Provision (Increase)/Reversal
|
10.3 | 2.7 | 3.2 | 1.6 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.7 | 5.5 | 12.4 | 7.8 | 0.0 |
|
Gain/Loss from Investment Activities
|
-15.5 | -12.3 | -13.8 | -19.9 | 0.0 |
|
Interest Expense
|
79.9 | 75.8 | 78.1 | 64.6 | 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
|
444.0 | 338.7 | 234.7 | 332.1 | 166.6 |
|
Increase/(Decrease) in Receivables
|
-188.9 | -334.2 | 52.9 | 3.6 | 0.0 |
|
Increase/(Decrease) in Inventory
|
-10.0 | 1.0 | 67.1 | -8.7 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
105.1 | 2.7 | -130.6 | -111.0 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
3.2 | -6.5 | -12.0 | 8.1 | 0.0 |
|
Changes in Trading Securities
|
— | 0.0 | 0.0 | 2.0 | 0.0 |
|
Interest Paid
|
-79.8 | -76.4 | -81.7 | -63.0 | 0.0 |
|
Corporate Income Tax Paid
|
-44.7 | -21.0 | -37.0 | -25.4 | 0.0 |
|
Other Operating Receipts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-21.2 | -18.1 | -10.5 | -16.4 | 0.0 |
|
Net Cash Flow from Operating Activities
|
207.8 | -113.9 | 83.0 | 121.2 | -28.6 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-91.6 | -92.9 | -73.3 | -59.8 | -12.2 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
1.6 | 1.4 | 0.9 | 2.2 | 0.6 |
|
Loans and Purchases of Debt Instruments
|
-97.9 | -62.5 | -92.6 | -201.0 | 0.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
88.0 | 75.7 | 149.0 | 58.3 | 10.9 |
|
Investments in Other Entities
|
-8.3 | -3.6 | -3.0 | 0.0 | -2.3 |
|
Proceeds from Investments in Other Entities
|
0.7 | 2.0 | 1.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
27.4 | 6.9 | 15.1 | 14.4 | 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
|
-80.0 | -73.0 | -2.9 | -185.9 | 6.5 |
|
Proceeds from Equity Issuance and Capital Contributions
|
— | 8.9 | 0.0 | 9.1 | 0.0 |
|
Share Repurchases
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
3,889.2 | 3,504.5 | 2,878.1 | 3,216.2 | 2,350.1 |
|
Repayment of Borrowings
|
-3,791.8 | -3,221.0 | -2,973.3 | -3,075.7 | -2,312.3 |
|
Repayment of Finance Leases
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-55.8 | -49.3 | -76.6 | -18.0 | -21.8 |
|
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
|
41.6 | 243.1 | -171.8 | 131.5 | 16.0 |
|
Net Cash Flow During the Period
|
169.4 | 56.2 | -91.7 | 66.8 | 189.5 |
|
Cash and Cash Equivalents at Beginning of Period
|
337.4 | 281.0 | 373.5 | 308.1 | 313.4 |
|
FX Difference from Revaluation
|
1.1 | 0.1 | -0.8 | -0.4 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
507.9 | 337.4 | 281.0 | 374.5 | 307.3 |
| 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
|
1,508.3 | 1,451.7 | 1,330.7 | 1,010.1 | 1,402.1 | 1,305.6 | 1,084.1 | 877.1 | 1,004.2 | 959.7 | 931.8 | 931.1 |
|
Revenue Deductions
|
1.4 | 1.0 | 1.4 | 2.2 | 1.0 | 1.7 | 1.1 | 1.4 | 1.2 | 1.8 | 2.0 | 2.6 |
|
Net Revenue
|
1,506.9 | 1,450.8 | 1,329.3 | 1,007.9 | 1,401.1 | 1,303.9 | 1,083.0 | 875.7 | 1,003.0 | 957.9 | 929.9 | 928.5 |
|
Cost of Goods Sold
|
1,208.2 | 1,199.6 | 1,106.1 | 813.8 | 1,139.0 | 1,057.4 | 879.5 | 735.6 | 806.1 | 804.6 | 784.9 | 777.5 |
|
Gross Profit
|
298.6 | 251.2 | 223.3 | 194.2 | 262.1 | 246.5 | 203.5 | 140.1 | 196.8 | 153.3 | 144.9 | 151.0 |
|
Financial Income
|
10.9 | 16.7 | 15.1 | 15.4 | 21.7 | 11.3 | 18.9 | 13.1 | 13.5 | 15.2 | 19.8 | 15.3 |
|
Financial Expenses
|
49.4 | 32.2 | 30.5 | 24.9 | 29.5 | 37.2 | 31.5 | 22.4 | 50.6 | 25.9 | 21.0 | 26.5 |
|
Interest Expense
|
19.9 | 19.3 | — | 19.9 | 23.8 | 18.0 | 18.0 | 17.7 | 20.9 | 17.2 | 17.3 | 23.3 |
|
Share of Associates and Joint Ventures
|
2.9 | 1.3 | 1.4 | 1.1 | 1.5 | 1.2 | -0.3 | -2.0 | -1.7 | -0.6 | 0.0 | 1.6 |
|
Selling Expenses
|
81.0 | 66.5 | 74.0 | 60.0 | 70.0 | 72.7 | 70.3 | 45.7 | 59.8 | 49.7 | 43.2 | 41.7 |
|
General and Administrative Expenses
|
119.2 | 98.1 | 92.9 | 86.5 | 127.5 | 98.3 | 92.5 | 72.4 | 97.1 | 87.5 | 84.9 | 76.2 |
|
Operating Profit
|
62.8 | 72.3 | 42.5 | 39.2 | 58.3 | 50.8 | 27.8 | 10.6 | 1.1 | 4.7 | 15.5 | 23.6 |
|
Other Income
|
8.4 | 10.7 | 12.2 | 5.9 | 8.9 | 7.6 | 6.0 | 7.3 | 12.3 | 7.1 | 5.7 | 5.8 |
|
Other Expenses
|
1.6 | 1.7 | 1.9 | 2.0 | 9.9 | 1.5 | 1.6 | 1.8 | 5.2 | 3.5 | 3.6 | 3.0 |
|
Other Profit
|
6.9 | 9.0 | 10.3 | 4.0 | -1.0 | 6.1 | 4.4 | 5.5 | 7.1 | 3.6 | 2.0 | 2.8 |
|
Profit Before Tax
|
69.7 | 81.3 | 52.7 | 43.1 | 57.3 | 56.8 | 32.2 | 16.1 | 8.2 | 8.3 | 17.5 | 26.3 |
|
Current Income Tax Expense
|
11.9 | 14.7 | 9.4 | 8.0 | 10.2 | 10.0 | 6.7 | 4.8 | 4.0 | 5.6 | 5.5 | 8.2 |
|
Deferred Income Tax Expense
|
— | — | — | — | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
57.8 | 66.6 | 43.3 | 35.2 | 47.1 | 46.9 | 25.5 | 11.3 | 4.2 | 2.7 | 12.0 | 18.2 |
|
Non-controlling Interest
|
17.9 | 21.6 | 18.5 | 11.6 | 15.9 | 15.0 | 9.6 | 2.7 | -1.0 | -1.2 | 4.1 | 2.3 |
|
Profit Attributable to Parent
|
39.8 | 45.1 | 24.8 | 23.5 | 31.2 | 31.9 | 15.9 | 8.7 | 5.2 | 3.9 | 7.9 | 15.9 |
|
Earnings per Share
|
1,991.00 | 2,253.00 | 1,242.00 | 1,177.00 | 1,571.00 | 1,633.00 | 829.00 | 454.00 | 272.00 | 204.00 | 413.00 | 873.00 |
|
Diluted EPS
|
1,991.38 | 2,252.51 | 1,241.89 | 1,177.40 | 4,349.00 | 1,597.35 | 795.14 | 453.65 | 271.72 | 204.46 | 413.32 | 831.06 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
2,713.1 | 2,356.2 | 2,252.6 | 2,064.5 | 2,368.5 | 2,213.0 | 2,120.8 | 1,825.8 | 1,997.0 | 1,759.1 | 1,714.1 | 1,872.1 |
|
I. Cash and cash equivalents
|
504.7 | 372.7 | 313.8 | 263.1 | 339.5 | 329.8 | 178.8 | 217.6 | 287.3 | 333.8 | 252.7 | 328.9 |
|
1. Cash
|
395.4 | 256.7 | 260.5 | 179.3 | 229.9 | 236.3 | 145.3 | 129.2 | 166.8 | 223.5 | 151.1 | 238.8 |
|
2. Cash equivalents
|
109.3 | 116.0 | 53.3 | 83.8 | 109.7 | 93.5 | 33.4 | 88.4 | 120.5 | 110.3 | 101.6 | 90.1 |
|
II. Short-term financial investments
|
118.1 | 102.6 | 106.3 | 92.6 | 102.6 | 94.0 | 89.7 | 87.7 | 110.5 | 92.2 | 60.1 | 69.6 |
|
1. Available for sale securities
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Held to maturity investments
|
118.1 | 102.6 | 106.3 | 92.6 | 102.6 | 94.0 | 89.7 | 87.7 | 110.5 | 92.2 | 60.1 | 69.6 |
|
III. Short-term receivables
|
1,247.7 | 1,020.8 | 971.9 | 824.1 | 1,104.4 | 881.0 | 952.1 | 728.7 | 793.8 | 572.7 | 605.3 | 690.9 |
|
1. Short-term trade accounts receivable
|
1,127.4 | 885.2 | 845.7 | 675.6 | 944.1 | 701.0 | 757.3 | 516.0 | 659.7 | 448.4 | 492.2 | 560.3 |
|
2. Short-term prepayments to suppliers
|
37.1 | 41.7 | 29.4 | 45.8 | 58.3 | 68.1 | 80.8 | 82.0 | 64.1 | 61.8 | 43.2 | 59.6 |
|
3. Short-term inter-company receivables
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term loan receivables
|
— | — | — | 7.0 | 10.6 | 20.6 | 20.6 | 17.6 | 7.6 | 7.6 | 16.1 | 16.0 |
|
6. Other short-term receivables
|
92.1 | 99.4 | 102.5 | 101.5 | 97.2 | 97.2 | 99.1 | 118.6 | 65.1 | 57.5 | 56.0 | 57.2 |
|
7. Provision for short-term doubtful debts (*)
|
-8.8 | -5.5 | -5.7 | -5.7 | -5.8 | -5.8 | -5.6 | -5.6 | -2.8 | -2.6 | -2.2 | -2.2 |
|
8. Assets awaiting resolution
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 |
|
IV. Inventories
|
699.3 | 744.3 | 760.4 | 789.2 | 683.6 | 776.9 | 771.6 | 668.1 | 687.1 | 648.4 | 672.2 | 670.6 |
|
1. Inventories
|
701.9 | 746.6 | 762.5 | 791.4 | 683.9 | 777.1 | 771.9 | 668.3 | 687.3 | 648.5 | 672.6 | 671.1 |
|
2. Provision for decline in value of inventories
|
-2.6 | -2.3 | -2.1 | -2.2 | -0.3 | -0.2 | -0.2 | -0.2 | -0.2 | -0.1 | -0.5 | -0.5 |
|
V. Other short-term assets
|
143.3 | 115.9 | 100.3 | 95.4 | 138.2 | 131.2 | 128.5 | 123.7 | 118.3 | 111.9 | 123.8 | 112.2 |
|
1. Short-term prepayments
|
18.6 | 13.7 | 15.6 | 20.8 | 15.5 | 18.2 | 21.1 | 22.4 | 15.7 | 12.4 | 12.7 | 11.3 |
|
2. Value added tax to be reclaimed
|
118.2 | 92.0 | 72.7 | 61.8 | 115.7 | 99.4 | 96.0 | 88.7 | 89.7 | 87.4 | 94.0 | 88.9 |
|
3. Taxes and other receivables from state authorities
|
6.5 | 10.1 | 12.0 | 12.8 | 7.0 | 13.6 | 11.3 | 12.6 | 12.9 | 12.1 | 17.1 | 11.9 |
|
4. Government bonds
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
782.5 | 788.4 | 789.2 | 770.9 | 787.5 | 775.5 | 775.2 | 763.9 | 793.7 | 797.8 | 810.3 | 821.8 |
|
I. Long-term receivables
|
15.1 | 15.3 | 15.3 | 15.4 | 15.3 | 15.3 | 15.3 | 15.3 | 27.3 | 27.3 | 27.3 | 28.0 |
|
1. Long-term trade receivables
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term prepayments to suppliers
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
15.1 | 15.3 | 15.3 | 15.4 | 15.3 | 15.3 | 15.3 | 15.3 | 27.3 | 27.3 | 27.3 | 28.0 |
|
7. Provision for long-term doubtful debts
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
589.4 | 586.3 | 589.3 | 588.8 | 602.0 | 545.8 | 556.3 | 563.2 | 580.8 | 600.2 | 608.2 | 601.9 |
|
1. Tangible fixed assets
|
572.5 | 570.3 | 575.7 | 574.9 | 587.8 | 531.3 | 539.9 | 546.3 | 563.3 | 582.1 | 591.1 | 584.1 |
|
- Cost
|
— | — | — | — | 1,824.3 | 1,756.0 | 1,746.9 | 1,754.0 | 1,748.5 | 1,772.5 | 1,759.0 | 1,739.1 |
|
- Accumulated depreciation
|
— | — | — | — | -1,236.5 | -1,224.7 | -1,207.0 | -1,207.7 | -1,185.2 | -1,190.4 | -1,167.9 | -1,155.0 |
|
2. Financial leased fixed assets
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
16.9 | 16.1 | 13.6 | 13.8 | 14.2 | 14.5 | 16.3 | 16.9 | 17.5 | 18.0 | 17.1 | 17.8 |
|
- Cost
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
III. Investment properties
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
16.2 | 19.0 | 14.8 | 4.9 | 5.2 | 56.4 | 49.3 | 29.6 | 21.5 | 5.3 | 6.9 | 27.6 |
|
1. Long-term production in progress
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
16.2 | 19.0 | 14.8 | 4.9 | 5.2 | 56.4 | 49.3 | 29.6 | 21.5 | 5.3 | 6.9 | 27.6 |
|
V. Long-term financial investments
|
85.3 | 85.4 | 83.8 | 81.1 | 80.9 | 79.7 | 78.9 | 80.2 | 89.7 | 90.5 | 91.3 | 90.6 |
|
1. Investments in subsidiaries
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
52.9 | 52.7 | 50.7 | 47.9 | 47.8 | 46.6 | 45.7 | 46.1 | 53.4 | 54.2 | 55.0 | 54.3 |
|
3. Investments in other entities
|
33.3 | 33.3 | 33.3 | 33.3 | 33.3 | 33.3 | 33.3 | 34.3 | 34.3 | 34.3 | 34.3 | 34.3 |
|
4. Provision for diminution in value of long-term investments
|
-0.9 | -0.6 | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 2.0 | 2.0 | 2.0 | 2.0 |
|
6. Other long-term investments
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
76.6 | 82.4 | 86.0 | 80.7 | 84.1 | 78.3 | 75.5 | 75.7 | 74.4 | 74.6 | 76.6 | 73.7 |
|
1. Long-term prepayments
|
76.4 | 82.1 | 85.9 | 80.6 | 84.1 | 78.3 | 75.5 | 75.7 | 74.4 | 74.6 | 76.6 | 73.7 |
|
2. Deferred income tax assets
|
0.2 | 0.2 | 0.2 | 0.2 | 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 |
|
4. Other long-term assets
|
— | — | — | — | 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 |
|
VII. Goodwill (before 2015)
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
3,495.7 | 3,144.6 | 3,041.8 | 2,835.4 | 3,155.9 | 2,988.4 | 2,896.0 | 2,589.8 | 2,790.8 | 2,556.9 | 2,524.5 | 2,693.9 |
|
A. LIABILITIES (300=210+330)
|
2,835.2 | 2,554.1 | 2,478.4 | 2,292.9 | 2,644.1 | 2,520.2 | 2,433.1 | 2,132.4 | 2,336.9 | 2,108.6 | 2,046.3 | 2,219.7 |
|
I. Short -term liabilities
|
2,495.6 | 2,371.5 | 2,297.8 | 2,109.6 | 2,454.6 | 2,324.6 | 2,244.0 | 1,954.9 | 2,132.2 | 1,896.7 | 1,838.5 | 2,022.9 |
|
1. Short-term trade accounts payable
|
356.4 | 329.1 | 315.5 | 261.7 | 272.3 | 265.0 | 304.5 | 227.7 | 262.0 | 240.3 | 260.5 | 256.6 |
|
2. Short-term advances from customers
|
16.2 | 34.0 | 52.2 | 51.4 | 111.2 | 93.2 | 156.7 | 89.7 | 123.1 | 104.1 | 68.4 | 66.9 |
|
3. Taxes and other payables to state authorities
|
43.1 | 53.2 | 40.7 | 24.6 | 33.0 | 34.3 | 16.9 | 18.8 | 17.3 | 28.5 | 23.0 | 15.7 |
|
4. Payable to employees
|
302.5 | 222.5 | 154.7 | 92.8 | 204.8 | 105.0 | 64.2 | 40.8 | 188.2 | 156.9 | 122.4 | 130.7 |
|
5. Short-term acrrued expenses
|
46.6 | 55.5 | 47.7 | 45.2 | 51.4 | 60.9 | 68.2 | 62.5 | 21.8 | 19.5 | 15.3 | 19.5 |
|
6. Short-term inter-company payables
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Construction contract progress payments due to suppliers
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Short-term unearned revenue
|
13.8 | 2.0 | 17.7 | 0.9 | 1.5 | 2.1 | 1.0 | 6.4 | 24.0 | 0.3 | 3.7 | 13.0 |
|
9. Other short-term payables
|
55.1 | 54.1 | 65.9 | 54.7 | 56.6 | 74.4 | 69.8 | 70.3 | 66.1 | 75.9 | 78.1 | 78.2 |
|
10. Short-term borrowings and financial leases
|
1,621.9 | 1,574.9 | 1,553.7 | 1,548.0 | 1,684.2 | 1,648.7 | 1,518.2 | 1,408.7 | 1,388.9 | 1,230.3 | 1,223.8 | 1,400.5 |
|
11. Provision for short-term liabilities
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
39.9 | 46.3 | 49.7 | 30.3 | 39.7 | 40.9 | 44.6 | 29.9 | 40.7 | 41.0 | 43.2 | 41.7 |
|
13. Price stabilization fund
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Government bonds
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Long-term liabilities
|
339.6 | 182.6 | 180.6 | 183.3 | 189.4 | 195.6 | 189.1 | 177.5 | 204.7 | 211.9 | 207.9 | 196.8 |
|
1. Long-term trade payables
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
3.4 | 15.9 | 16.2 | 9.7 | 21.1 | 8.4 | 9.6 | 8.1 | 19.0 | 7.6 | 7.2 | 0.0 |
|
3. Long-term acrrued expenses
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Inter-company payables on business capital
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term inter-company payables
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Long-term unearned revenue
|
24.9 | 25.6 | 25.6 | 25.6 | 25.6 | 26.3 | 26.3 | 26.2 | 26.3 | 27.0 | 26.9 | 26.9 |
|
7. Other long-term liabilities
|
8.6 | 8.2 | 5.2 | 15.2 | 15.2 | 14.1 | 14.2 | 14.7 | 13.6 | 13.9 | 7.2 | 9.4 |
|
8. Long-term borrowings and financial leases
|
109.6 | 119.6 | 120.2 | 119.4 | 115.0 | 134.2 | 126.4 | 116.0 | 129.9 | 147.5 | 150.7 | 144.6 |
|
9. Convertible bonds
|
179.8 | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
13.3 | 13.3 | 13.3 | 13.3 | 12.6 | 12.6 | 12.6 | 12.6 | 15.9 | 15.9 | 15.9 | 15.9 |
|
12. Provision for long-term liabilities
|
— | — | — | — | 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 |
|
14. Provision for severance allowances
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. OWNER'S EQUITY (400=410+430)
|
660.5 | 590.6 | 563.4 | 542.5 | 511.8 | 468.2 | 462.9 | 457.4 | 453.8 | 448.3 | 478.1 | 474.2 |
|
I. Owner's equity
|
660.5 | 590.6 | 563.4 | 542.5 | 511.8 | 468.2 | 462.9 | 457.4 | 453.8 | 448.3 | 478.1 | 474.2 |
|
1. Owner's capital
|
200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 191.1 | 191.1 | 191.1 | 191.1 | 191.1 |
|
- Common stock with voting right
|
200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 191.1 | 191.1 | 191.1 | 191.1 | 191.1 |
|
- Preferred stock
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Convertible bond option
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Treasury shares
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Assets revaluation differences
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Foreign exchange differences
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
77.5 | 77.5 | 77.5 | 73.0 | 73.0 | 73.0 | 73.0 | 69.6 | 69.6 | 69.6 | 69.6 | 62.8 |
|
9. Fund to support corporate restructuring
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
255.0 | 202.1 | 196.0 | 166.8 | 138.6 | 110.1 | 119.3 | 123.6 | 118.6 | 111.7 | 140.6 | 138.2 |
|
- Accumulated retained earning at the end of the previous period
|
121.4 | 108.4 | 147.6 | 143.3 | 53.5 | 56.1 | 94.7 | 114.9 | 85.0 | 83.3 | 116.8 | 122.4 |
|
- Undistributed earnings in this period
|
133.6 | 93.8 | 48.4 | 23.5 | 85.2 | 54.0 | 24.6 | 8.7 | 33.6 | 28.4 | 23.8 | 15.9 |
|
12. Reserves for investment in construction
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
128.0 | 110.9 | 89.9 | 102.7 | 100.2 | 85.1 | 70.6 | 73.2 | 74.6 | 75.9 | 76.8 | 82.1 |
|
14. Financial reserves
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Other resources and funds
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Subsidized not-for-profit funds
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Funds invested in fixed assets
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
C. MINORITY'S INTEREST
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
3,495.7 | 3,144.6 | 3,041.8 | 2,835.4 | 3,155.9 | 2,988.4 | 2,896.0 | 2,589.8 | 2,790.8 | 2,556.9 | 2,524.5 | 2,693.9 |
| 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
|
95.1 | 81.3 | 52.4 | 43.1 | 57.3 | 56.8 | 28.9 | 16.1 | 4.5 | 8.3 | 18.3 | 26.3 |
|
Depreciation of Fixed Assets and Investment Property
|
24.0 | 23.6 | 24.5 | 24.5 | 24.2 | 24.4 | 24.5 | 24.5 | 24.6 | 25.3 | 23.8 | 23.5 |
|
Provision (Increase)/Reversal
|
10.6 | -0.2 | 0.5 | -0.6 | 0.0 | 0.0 | 0.3 | 0.0 | 3.3 | -0.4 | 0.4 | -0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.7 | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 12.4 | 0.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-3.7 | -4.1 | -4.4 | -3.3 | -1.3 | -1.8 | -4.0 | -2.1 | -3.0 | -1.9 | -5.4 | -3.4 |
|
Interest Expense
|
20.7 | 19.3 | 20.0 | 19.9 | 23.8 | 18.0 | 17.4 | 17.7 | 20.2 | 17.2 | 17.4 | 23.3 |
|
Gain/Loss on Disposal of Fixed Assets
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Income and Dividends
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Amortization of Goodwill
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Adjustments
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
147.4 | 119.9 | 93.1 | 83.7 | 104.0 | 97.4 | 67.1 | 56.3 | 62.0 | 48.6 | 54.4 | 69.7 |
|
Increase/(Decrease) in Receivables
|
-229.4 | -92.6 | -131.3 | 264.4 | -233.2 | 42.7 | -207.0 | -5.0 | -123.7 | -19.2 | 139.0 | 56.9 |
|
Increase/(Decrease) in Inventory
|
42.9 | 15.9 | 29.0 | -97.8 | 93.2 | -5.5 | -103.3 | 26.3 | -46.2 | 23.7 | -1.2 | 90.7 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
43.2 | 83.0 | 122.9 | -144.0 | 99.6 | -55.7 | 152.8 | -131.6 | 38.3 | 115.8 | -52.2 | -232.4 |
|
Increase/(Decrease) in Prepaid Expenses
|
4.1 | 2.3 | 3.2 | -6.4 | -3.1 | -3.1 | 4.7 | -9.6 | -1.5 | -1.6 | -0.3 | -8.6 |
|
Changes in Trading Securities
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Paid
|
-20.5 | -19.3 | -20.0 | -19.9 | -23.8 | -18.0 | -17.4 | -17.7 | -23.7 | -13.7 | -20.9 | -23.3 |
|
Corporate Income Tax Paid
|
-7.3 | -10.3 | -3.1 | -23.9 | -5.4 | -4.1 | -5.7 | -7.0 | -10.3 | -0.1 | -10.0 | -16.7 |
|
Other Operating Receipts
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-5.1 | -13.1 | 8.0 | -11.1 | -1.3 | -8.3 | 1.9 | -12.0 | 4.5 | -6.0 | -2.4 | -6.5 |
|
Net Cash Flow from Operating Activities
|
-24.8 | 85.9 | 101.7 | 45.0 | 30.1 | 45.5 | -106.9 | -100.2 | -100.6 | 147.5 | 106.3 | -70.1 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-20.1 | -26.3 | -34.2 | -11.0 | -32.3 | -18.4 | -37.4 | -15.8 | -22.7 | -14.9 | -10.1 | -25.6 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
1.0 | -0.2 | 0.8 | 0.0 | 0.2 | 0.5 | -0.3 | 0.8 | 0.7 | 0.0 | 0.1 | 0.0 |
|
Loans and Purchases of Debt Instruments
|
-54.3 | — | -43.6 | — | 0.0 | 39.0 | -39.0 | 0.0 | -92.6 | 18.7 | -18.7 | 0.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
85.3 | -49.9 | 40.0 | 12.6 | -8.6 | -30.3 | 24.0 | 30.8 | 68.3 | -42.4 | 19.7 | 103.3 |
|
Investments in Other Entities
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -3.0 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | — | 0.7 | — | 0.0 | 0.0 | 1.0 | 0.0 | 1.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
15.6 | 6.0 | 2.5 | 3.3 | 4.1 | 3.0 | 2.6 | 2.0 | 4.5 | 5.9 | 1.2 | 3.4 |
|
Increase/(Decrease) in Term Deposits
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-19.9 | -31.3 | -33.7 | 4.9 | -36.7 | -6.2 | -49.2 | 17.8 | -40.8 | -32.6 | -10.7 | 81.2 |
|
Proceeds from Equity Issuance and Capital Contributions
|
— | — | — | — | 0.0 | 0.0 | 8.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Share Repurchases
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
1,096.6 | 965.2 | 889.7 | 937.7 | 1,600.4 | 324.4 | 791.3 | 789.1 | 801.3 | 689.7 | 697.3 | 689.9 |
|
Repayment of Borrowings
|
-902.2 | -935.6 | -892.2 | -1,061.9 | -1,584.1 | -174.5 | -683.0 | -770.1 | -673.5 | -677.0 | -877.2 | -745.6 |
|
Repayment of Finance Leases
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-15.8 | -25.3 | -14.7 | — | 0.0 | -38.2 | 0.0 | 0.0 | -38.4 | -38.1 | -0.2 | 0.0 |
|
Other Financing Receipts
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Financing Payments
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Financing Activities
|
178.7 | 4.3 | -17.2 | -124.1 | 16.2 | 111.7 | 117.2 | 19.0 | 89.4 | -25.4 | -180.1 | -55.7 |
|
Net Cash Flow During the Period
|
134.0 | 58.9 | 50.7 | -74.3 | 9.7 | 151.0 | -38.8 | -63.4 | -52.0 | 89.5 | -84.6 | -44.7 |
|
Cash and Cash Equivalents at Beginning of Period
|
372.7 | 313.8 | 263.1 | 337.4 | 281.0 | 281.0 | 281.0 | 281.0 | 373.5 | 373.5 | 373.5 | 373.5 |
|
FX Difference from Revaluation
|
1.1 | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | -0.8 | 0.0 | 0.0 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
507.9 | 372.7 | 313.8 | 263.1 | 339.5 | 329.8 | 178.8 | 217.6 | 281.0 | 333.8 | 244.3 | 328.9 |
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