MSN
Listed Company · HOSE
Price
75,300
Latest close
03 Apr 2026
P/E
27.8x
EPS
(TTM)
2,706
ROE
(TTM)
9.6%
P/B
2.5x
BVPS
(Latest)
29,647
ROA
(TTM)
3.0%
What Is Changing
MSN has not yet shown a broad-based top-line recovery. Revenue posted -1.9% YoY, but net margin reached 8.29% with an additional +3.1pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Margin expanded consistently from 2.39% in 2023 to 8.29% in 2025.
- Net Income recovered 58.3% to VND 6,763.5bn in 2025.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 81,621.3 | 83,177.7 | 78,251.6 | 76,189.2 | 88,628.8 |
| Growth | -2% | +6% | +3% | -14% | — |
| Net Income | 6,763.5 | 4,272.4 | 1,869.9 | 4,754.4 | 10,101.4 |
| Net Margin | 8.29% | 5.14% | 2.39% | 6.24% | 11.40% |
| 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 | 23,245.8 | 21,163.8 | 18,315.1 | 18,896.5 | 22,701.5 | 21,486.9 | 20,134.4 | 18,854.9 | 20,781.9 | 20,154.9 | 18,608.6 | 18,706.2 |
| Growth | +10% | +16% | -3% | -17% | +6% | +7% | +7% | -9% | +3% | +8% | -1% | — |
| Net Income | 2,295.3 | 1,865.8 | 1,619.4 | 983.0 | 1,546.6 | 1,301.0 | 946.0 | 478.9 | 516.8 | 484.5 | 429.2 | 439.5 |
| Net Margin | 9.87% | 8.82% | 8.84% | 5.20% | 6.81% | 6.05% | 4.70% | 2.54% | 2.49% | 2.40% | 2.31% | 2.35% |
Financial Statements
Profitability
Net margin reached 8.29% while Revenue posted -1.9% YoY.
Balance Sheet
Inventory stood at 11,262.2bn, liabilities at 83,884.5bn, and equity at 45,078.6bn.
Cash Flow
Operating cash flow was 9,525.5bn in 2024, while investing cash flow was -10,693.5bn.
Financing cash flow: 9,671.6bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
81,927.7 | 83,456.4 | 78,517.0 | 76,380.8 | 89,791.6 |
|
Revenue Deductions
|
306.3 | 278.7 | 265.4 | 191.5 | 0.0 |
|
Net Revenue
|
81,621.3 | 83,177.7 | 78,251.6 | 76,189.2 | 88,628.8 |
|
Cost of Goods Sold
|
56,040.7 | 58,522.0 | 56,130.5 | 55,154.2 | 0.0 |
|
Gross Profit
|
25,580.6 | 24,655.7 | 22,121.1 | 21,035.0 | 22,134.8 |
|
Financial Income
|
2,094.2 | 4,043.5 | 2,405.2 | 2,575.6 | 6,799.6 |
|
Financial Expenses
|
6,916.5 | 7,900.1 | 8,129.5 | 6,361.6 | -5,706.5 |
|
Interest Expense
|
5,418.2 | 6,404.7 | 6,946.1 | 4,847.7 | -4,669.4 |
|
Share of Associates and Joint Ventures
|
5,080.1 | 4,443.8 | 3,896.0 | 4,339.6 | 3,896.6 |
|
Selling Expenses
|
14,202.5 | 14,565.4 | 14,192.4 | 12,511.5 | -11,786.3 |
|
General and Administrative Expenses
|
3,713.8 | 3,917.0 | 3,750.0 | 3,854.3 | -4,065.0 |
|
Operating Profit
|
7,922.1 | 6,760.5 | 2,350.4 | 5,222.7 | 11,273.2 |
|
Other Income
|
446.5 | 180.0 | 310.0 | 279.7 | 0.0 |
|
Other Expenses
|
480.5 | 915.8 | 97.4 | 355.3 | 0.0 |
|
Other Profit
|
-34.0 | -735.7 | 212.5 | -75.6 | 215.6 |
|
Profit Before Tax
|
7,888.1 | 6,024.8 | 2,563.0 | 5,147.1 | 11,488.8 |
|
Current Income Tax Expense
|
1,036.7 | 1,510.9 | 1,288.8 | 626.8 | -1,387.4 |
|
Deferred Income Tax Expense
|
87.9 | 241.5 | -595.7 | -234.0 | 0.0 |
|
Net Income
|
6,763.5 | 4,272.4 | 1,869.9 | 4,754.4 | 10,101.4 |
|
Non-controlling Interest
|
2,655.2 | 2,273.3 | 1,451.2 | 1,187.4 | 1,538.5 |
|
Profit Attributable to Parent
|
4,108.3 | 1,999.1 | 418.7 | 3,567.0 | 8,562.9 |
|
Earnings per Share
|
2,710.00 | 1,345.00 | 294.00 | 2,511.00 | 7,257.00 |
|
Diluted EPS
|
2,701.96 | 1,321.32 | 292.62 | 2,505.40 | 7,253.39 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
36,234.5 | 53,569.7 | 43,763.5 | 47,674.6 | 43,630.2 |
|
I. Cash and cash equivalents
|
12,101.9 | 18,617.9 | 10,124.5 | 13,853.1 | 22,304.8 |
|
1. Cash
|
1,013.9 | 6,064.6 | 3,290.6 | 1,718.5 | 0.0 |
|
2. Cash equivalents
|
11,088.0 | 12,553.3 | 6,834.0 | 12,134.6 | 0.0 |
|
II. Short-term financial investments
|
5,379.8 | 608.0 | 6,794.8 | 3,659.2 | 0.0 |
|
1. Available for sale securities
|
3,824.1 | 0.0 | 4,183.1 | 3,302.2 | 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
|
1,555.7 | 608.0 | 2,611.7 | 357.0 | 0.0 |
|
III. Short-term receivables
|
5,639.3 | 21,864.6 | 11,985.0 | 13,929.6 | 6,634.4 |
|
1. Short-term trade accounts receivable
|
1,274.3 | 1,302.9 | 2,309.8 | 2,735.8 | 0.0 |
|
2. Short-term prepayments to suppliers
|
542.9 | 484.5 | 725.1 | 1,227.7 | 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
|
81.2 | 81.2 | 81.2 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
3,771.6 | 20,067.6 | 8,898.8 | 10,007.2 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
-85.5 | -85.1 | -34.9 | -47.4 | 0.0 |
|
8. Assets awaiting resolution
|
55.0 | 13.6 | 5.2 | 6.3 | 0.0 |
|
IV. Inventories
|
11,262.2 | 10,787.4 | 13,174.9 | 14,445.3 | 12,813.4 |
|
1. Inventories
|
11,415.7 | 11,001.8 | 13,496.6 | 14,634.3 | 0.0 |
|
2. Provision for decline in value of inventories
|
-153.5 | -214.4 | -321.7 | -188.9 | 0.0 |
|
V. Other short-term assets
|
1,851.4 | 1,691.8 | 1,684.3 | 1,787.4 | 1,544.8 |
|
1. Short-term prepayments
|
378.6 | 342.3 | 327.9 | 374.1 | 0.0 |
|
2. Value added tax to be reclaimed
|
1,363.3 | 1,232.9 | 1,208.8 | 1,253.9 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
109.5 | 116.7 | 147.6 | 159.4 | 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)
|
92,728.7 | 94,015.1 | 103,620.0 | 93,668.2 | 82,463.3 |
|
I. Long-term receivables
|
4,949.6 | 8,524.4 | 11,211.0 | 2,113.8 | 0.0 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 1,878.5 |
|
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 | 79.2 | 0.0 | 81.2 | 0.0 |
|
6. Other long-term receivables
|
4,949.6 | 8,445.2 | 11,211.0 | 2,032.6 | 0.0 |
|
7. Provision for long-term doubtful debts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
35,484.2 | 37,049.8 | 42,885.8 | 43,535.4 | 42,653.9 |
|
1. Tangible fixed assets
|
26,392.7 | 27,121.5 | 30,468.7 | 30,611.5 | 31,151.6 |
|
- Cost
|
48,856.5 | 47,629.5 | 52,985.2 | 50,465.2 | 0.0 |
|
- Accumulated depreciation
|
-22,463.8 | -20,508.1 | -22,516.5 | -19,853.7 | 0.0 |
|
2. Financial leased fixed assets
|
204.1 | 222.7 | 310.9 | 349.3 | 209.6 |
|
- Cost
|
345.2 | 345.2 | 444.6 | 473.0 | 0.0 |
|
- Accumulated depreciation
|
-141.1 | -122.5 | -133.8 | -123.7 | 0.0 |
|
3. Intangible fixed assets
|
8,887.4 | 9,705.6 | 12,106.2 | 12,574.5 | 11,292.8 |
|
- Cost
|
13,373.9 | 13,952.7 | 16,690.9 | 16,375.2 | 0.0 |
|
- Accumulated depreciation
|
-4,486.5 | -4,247.1 | -4,584.7 | -3,800.7 | 0.0 |
|
III. Investment properties
|
0.0 | 4.2 | 708.7 | 729.8 | 810.1 |
|
- Cost
|
0.0 | 18.6 | 1,216.3 | 1,148.2 | 0.0 |
|
- Accumulated depreciation
|
0.0 | -14.5 | -507.7 | -418.5 | 0.0 |
|
IV. Long-term assets in progress
|
1,160.9 | 1,670.9 | 3,127.2 | 3,324.8 | 2,021.8 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
1,160.9 | 1,670.9 | 3,127.2 | 3,324.8 | 0.0 |
|
V. Long-term financial investments
|
39,473.1 | 35,318.8 | 33,219.5 | 31,333.9 | 24,538.8 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
37,967.2 | 33,409.9 | 30,281.8 | 28,480.2 | 0.0 |
|
3. Investments in other entities
|
2,932.5 | 2,932.5 | 2,937.7 | 2,853.6 | 0.0 |
|
4. Provision for diminution in value of long-term investments
|
-1,426.7 | -1,023.7 | 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
|
11,660.8 | 11,447.1 | 12,467.9 | 12,630.6 | 0.0 |
|
1. Long-term prepayments
|
8,172.2 | 7,171.0 | 7,418.0 | 7,259.9 | 0.0 |
|
2. Deferred income tax assets
|
520.9 | 688.0 | 676.7 | 302.2 | 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 | 10,560.2 |
|
5. Goodwill
|
2,967.8 | 3,588.1 | 4,373.1 | 5,068.5 | 0.0 |
|
VII. Goodwill (before 2015)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
128,963.2 | 147,584.7 | 147,383.5 | 141,342.8 | 126,093.5 |
|
A. LIABILITIES (300=210+330)
|
83,884.5 | 106,832.3 | 109,146.2 | 104,706.1 | 83,756.8 |
|
I. Short -term liabilities
|
40,257.5 | 58,712.2 | 50,422.5 | 65,320.9 | 34,547.8 |
|
1. Short-term trade accounts payable
|
8,362.6 | 7,171.2 | 6,318.0 | 7,489.4 | 7,970.3 |
|
2. Short-term advances from customers
|
283.0 | 196.9 | 861.9 | 566.3 | 168.2 |
|
3. Taxes and other payables to state authorities
|
705.2 | 1,017.4 | 1,103.2 | 536.3 | 0.0 |
|
4. Payable to employees
|
322.1 | 251.9 | 264.3 | 248.4 | 0.0 |
|
5. Short-term acrrued expenses
|
5,264.7 | 4,787.1 | 4,819.0 | 4,184.4 | 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
|
26.3 | 23.1 | 67.1 | 15.7 | 14.5 |
|
9. Other short-term payables
|
839.8 | 18,489.6 | 8,919.8 | 11,671.9 | 0.0 |
|
10. Short-term borrowings and financial leases
|
24,331.0 | 26,724.2 | 28,030.2 | 40,567.4 | 18,805.7 |
|
11. Provision for short-term liabilities
|
91.7 | 19.6 | 7.8 | 10.0 | 0.0 |
|
12.. Bonus and welfare fund
|
31.1 | 31.1 | 31.1 | 31.1 | 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
|
43,627.1 | 48,120.2 | 58,723.7 | 39,385.2 | 49,209.0 |
|
1. Long-term trade payables
|
10.7 | 16.2 | 19.3 | 24.3 | 25.0 |
|
2. Long-term advances from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
2.7 | 102.1 | 31.2 | 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
|
162.9 | 6,212.3 | 8,199.2 | 752.4 | 0.0 |
|
8. Long-term borrowings and financial leases
|
40,546.2 | 38,825.2 | 41,541.9 | 30,425.6 | 39,371.9 |
|
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
|
2,364.7 | 2,476.5 | 3,406.4 | 3,541.7 | 0.0 |
|
12. Provision for long-term liabilities
|
539.9 | 487.9 | 5,525.7 | 4,641.2 | 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)
|
45,078.6 | 40,752.4 | 38,237.2 | 36,636.7 | 42,336.7 |
|
I. Owner's equity
|
45,078.6 | 40,752.4 | 38,237.2 | 36,636.7 | 0.0 |
|
1. Owner's capital
|
15,204.9 | 15,129.3 | 14,308.4 | 14,237.2 | 42,336.7 |
|
- Common stock with voting right
|
15,204.9 | 15,129.3 | 14,308.4 | 14,237.2 | 11,805.3 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
14,164.5 | 14,164.6 | 8,723.1 | 8,723.1 | 11,084.2 |
|
3. Convertible bond option
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
-8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 |
|
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
|
11.3 | 9.5 | -224.2 | -385.2 | 0.0 |
|
8. Investment and development fund
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Fund to support corporate restructuring
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
0.0 | 0.0 | 342.4 | 583.6 | 0.0 |
|
11. Undistributed earnings after tax
|
14,355.6 | 9,326.9 | 11,798.1 | 11,381.9 | 18,795.9 |
|
- Accumulated retained earning at the end of the previous period
|
9,326.9 | 11,798.1 | 11,381.9 | 17,656.9 | 762.4 |
|
- Undistributed earnings in this period
|
5,028.7 | -2,471.2 | 416.1 | -6,275.0 | 18,033.4 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
9,730.5 | 10,510.3 | 11,677.7 | 10,484.1 | 9,525.7 |
|
14. Financial reserves
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Other resources and funds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Subsidized not-for-profit funds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Funds invested in fixed assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
C. MINORITY'S INTEREST
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
128,963.2 | 147,584.7 | 147,383.5 | 141,342.8 | 126,093.5 |
| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
|
Profit Before Tax
|
6,024.8 | 2,563.0 | 5,147.1 | 11,488.8 | 2,324.8 |
|
Depreciation of Fixed Assets and Investment Property
|
4,133.0 | 4,006.6 | 4,406.5 | 4,631.7 | 4,584.0 |
|
Provision (Increase)/Reversal
|
1,362.4 | 407.3 | 232.8 | 0.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
12.6 | 59.1 | -41.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-7,067.3 | -5,870.3 | -5,848.9 | 0.0 | 0.0 |
|
Interest Expense
|
6,911.4 | 7,422.4 | 5,340.1 | 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
|
11,376.9 | 8,588.1 | 9,236.7 | 11,185.3 | 6,603.0 |
|
Increase/(Decrease) in Receivables
|
-337.6 | 452.1 | -671.7 | 0.0 | 0.0 |
|
Increase/(Decrease) in Inventory
|
-98.6 | 1,076.4 | -1,736.1 | 0.0 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
2,143.4 | -442.4 | -1,432.2 | 0.0 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
628.3 | 426.2 | 95.1 | 0.0 | 0.0 |
|
Changes in Trading Securities
|
4,183.1 | -880.9 | -3,302.2 | 0.0 | 0.0 |
|
Interest Paid
|
-6,961.0 | -7,902.9 | -5,070.5 | 0.0 | 0.0 |
|
Corporate Income Tax Paid
|
-1,408.4 | -816.2 | -903.3 | 0.0 | 0.0 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-0.7 | 0.0 | -4.7 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
9,525.5 | 500.5 | -3,788.9 | 1,143.9 | 1,351.3 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-3,099.3 | -2,228.8 | -4,165.3 | -2,805.4 | -3,678.2 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
34.8 | 17.5 | 23.9 | 19.3 | 56.3 |
|
Loans and Purchases of Debt Instruments
|
-40,732.3 | -28,673.7 | -11,336.5 | -9,264.8 | -13,414.8 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
32,404.1 | 20,544.2 | 4,750.0 | 9,235.7 | 11,438.6 |
|
Investments in Other Entities
|
-6,557.3 | -11.8 | -14,163.4 | -5,260.7 | -27,213.4 |
|
Proceeds from Investments in Other Entities
|
4,284.3 | 708.6 | 283.8 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
2,972.1 | 1,820.4 | 632.4 | 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 | -2,472.2 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-10,693.5 | -7,823.7 | -26,447.3 | 6,346.2 | -33,757.3 |
|
Proceeds from Equity Issuance and Capital Contributions
|
6,411.8 | 71.1 | -40.4 | 17,363.9 | 2,386.1 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 | -9,777.4 | 0.0 |
|
Proceeds from Borrowings
|
93,606.5 | 91,059.1 | 78,059.9 | 60,085.7 | 87,379.3 |
|
Repayment of Borrowings
|
-88,611.3 | -87,324.9 | -54,956.4 | -57,114.9 | -55,031.4 |
|
Repayment of Finance Leases
|
-14.1 | -15.3 | -13.9 | -19.5 | -0.9 |
|
Dividends Paid
|
-1,721.3 | -243.8 | -1,253.1 | -3,442.1 | -1,402.1 |
|
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
|
9,671.6 | 3,546.2 | 21,796.2 | 7,095.7 | 33,331.0 |
|
Net Cash Flow During the Period
|
8,503.5 | -3,777.0 | -8,439.9 | 10,006.4 | 2,105.2 |
|
Cash and Cash Equivalents at Beginning of Period
|
10,124.5 | 13,853.1 | 22,304.8 | 7,721.4 | 6,800.5 |
|
FX Difference from Revaluation
|
-10.1 | 48.4 | -11.8 | -2.4 | -4.1 |
|
Cash and Cash Equivalents at End of Period
|
18,617.9 | 10,124.5 | 13,853.1 | 22,304.8 | 7,721.4 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue
|
23,300.6 | 21,255.7 | 18,425.1 | 18,946.4 | 22,735.9 | 21,574.6 | 20,203.5 | 18,942.4 | 20,860.3 | 20,244.8 | 18,696.9 | 18,715.0 |
|
Revenue Deductions
|
54.7 | 91.8 | 109.9 | 49.9 | 34.4 | 87.7 | 69.1 | 87.5 | 78.4 | 89.9 | 88.4 | 8.7 |
|
Net Revenue
|
23,245.8 | 21,163.8 | 18,315.1 | 18,896.5 | 22,701.5 | 21,486.9 | 20,134.4 | 18,854.9 | 20,781.9 | 20,154.9 | 18,608.6 | 18,706.2 |
|
Cost of Goods Sold
|
15,990.4 | 14,722.3 | 12,625.7 | 12,702.3 | 15,639.0 | 15,066.3 | 14,216.6 | 13,600.1 | 15,014.1 | 14,215.3 | 13,281.1 | 13,620.1 |
|
Gross Profit
|
7,255.4 | 6,441.5 | 5,689.4 | 6,194.2 | 7,062.5 | 6,420.6 | 5,917.8 | 5,254.8 | 5,767.8 | 5,939.6 | 5,327.5 | 5,086.2 |
|
Financial Income
|
320.9 | 829.1 | 367.4 | 576.8 | 1,967.7 | 854.5 | 647.3 | 574.0 | 644.4 | 421.0 | 689.8 | 650.0 |
|
Financial Expenses
|
1,604.4 | 2,041.6 | 1,388.0 | 1,882.5 | 1,917.0 | 2,032.0 | 2,051.8 | 1,899.3 | 1,614.6 | 2,386.2 | 2,139.3 | 1,989.4 |
|
Interest Expense
|
1,231.5 | 1,682.3 | 1,111.8 | 1,392.6 | 1,526.4 | 1,707.4 | 1,549.0 | 1,621.9 | 1,669.0 | 1,744.5 | 1,786.0 | 1,746.6 |
|
Share of Associates and Joint Ventures
|
1,384.3 | 1,264.6 | 1,241.1 | 1,190.1 | 763.7 | 1,158.2 | 1,273.4 | 1,248.5 | 945.9 | 1,049.0 | 923.6 | 977.5 |
|
Selling Expenses
|
3,807.5 | 3,356.4 | 3,328.8 | 3,709.8 | 3,604.6 | 3,678.3 | 3,702.5 | 3,580.0 | 3,820.4 | 3,623.6 | 3,432.1 | 3,316.2 |
|
General and Administrative Expenses
|
906.1 | 1,001.7 | 956.7 | 849.4 | 905.8 | 1,129.2 | 910.5 | 971.4 | 1,030.1 | 956.8 | 902.9 | 860.2 |
|
Operating Profit
|
2,642.7 | 2,135.5 | 1,624.5 | 1,519.4 | 3,366.5 | 1,593.7 | 1,173.7 | 626.6 | 893.1 | 443.0 | 466.6 | 547.8 |
|
Other Income
|
123.9 | 73.0 | 238.3 | 11.2 | 68.0 | 35.3 | 58.1 | 18.6 | 84.3 | 163.2 | 18.1 | 44.3 |
|
Other Expenses
|
99.2 | 56.4 | 16.6 | 308.2 | 777.9 | 63.3 | 63.0 | 11.5 | 29.6 | 23.3 | 33.8 | 10.8 |
|
Other Profit
|
24.7 | 16.6 | 221.7 | -297.0 | -709.9 | -28.0 | -4.9 | 7.0 | 54.8 | 139.9 | -15.7 | 33.5 |
|
Profit Before Tax
|
2,667.4 | 2,152.1 | 1,846.3 | 1,222.4 | 2,656.6 | 1,565.8 | 1,168.8 | 633.7 | 947.8 | 582.9 | 450.9 | 581.3 |
|
Current Income Tax Expense
|
324.8 | 310.8 | 183.2 | 217.9 | 605.5 | 371.3 | 239.4 | 294.7 | 495.3 | 318.8 | 256.1 | 218.5 |
|
Deferred Income Tax Expense
|
47.2 | -24.5 | 43.7 | 21.5 | 504.6 | -106.5 | -16.6 | -139.9 | -64.3 | -220.4 | -234.4 | -76.7 |
|
Net Income
|
2,295.3 | 1,865.8 | 1,619.4 | 983.0 | 1,546.6 | 1,301.0 | 946.0 | 478.9 | 516.8 | 484.5 | 429.2 | 439.5 |
|
Non-controlling Interest
|
821.4 | 657.1 | 587.2 | 589.5 | 855.5 | 599.9 | 443.4 | 374.5 | 466.7 | 436.1 | 323.9 | 224.5 |
|
Profit Attributable to Parent
|
1,474.0 | 1,208.7 | 1,032.2 | 393.5 | 691.1 | 701.1 | 502.6 | 104.4 | 50.1 | 48.4 | 105.3 | 214.9 |
|
Earnings per Share
|
969.00 | 795.00 | 682.00 | 260.00 | 457.00 | 463.00 | 332.00 | 73.00 | 35.00 | 34.00 | 74.00 | 151.00 |
|
Diluted EPS
|
969.40 | 794.91 | 682.25 | 260.09 | 456.77 | 463.39 | 349.41 | 72.93 | 35.02 | 33.81 | 73.96 | 150.95 |
| 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)
|
36,234.5 | 32,214.1 | 32,650.9 | 48,551.3 | 53,569.7 | 43,530.0 | 48,982.4 | 42,629.1 | 43,763.5 | 47,845.7 | 45,883.8 | 51,583.3 |
|
I. Cash and cash equivalents
|
12,101.9 | 13,266.3 | 10,552.7 | 12,769.1 | 18,617.9 | 13,225.0 | 18,158.2 | 8,492.7 | 10,124.5 | 9,477.1 | 8,829.0 | 16,203.7 |
|
1. Cash
|
1,013.9 | 1,606.8 | 1,949.7 | 2,555.2 | 6,064.6 | 2,221.3 | 6,379.6 | 2,003.5 | 3,290.6 | 4,041.9 | 2,434.9 | 10,281.2 |
|
2. Cash equivalents
|
11,088.0 | 11,659.5 | 8,603.0 | 10,213.9 | 12,553.3 | 11,003.7 | 11,778.6 | 6,489.2 | 6,834.0 | 5,435.2 | 6,394.1 | 5,922.5 |
|
II. Short-term financial investments
|
5,379.8 | 1,463.3 | 894.8 | 404.2 | 608.0 | 3,107.6 | 3,819.0 | 5,329.2 | 6,794.8 | 4,780.8 | 4,623.3 | 4,790.1 |
|
1. Available for sale securities
|
3,824.1 | 446.7 | 68.2 | 0.0 | 0.0 | 1,720.3 | 1,510.5 | 3,218.8 | 4,183.1 | 1,216.5 | 2,643.4 | 3,316.3 |
|
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
|
1,555.7 | 1,016.6 | 826.5 | 404.2 | 608.0 | 1,387.3 | 2,308.5 | 2,110.3 | 2,611.7 | 3,564.2 | 1,980.0 | 1,473.8 |
|
III. Short-term receivables
|
5,639.3 | 5,282.6 | 9,108.0 | 23,734.3 | 21,864.6 | 12,366.5 | 12,578.1 | 14,304.7 | 11,985.0 | 17,765.7 | 16,745.4 | 15,001.8 |
|
1. Short-term trade accounts receivable
|
1,274.3 | 1,457.1 | 1,126.4 | 943.2 | 1,302.9 | 2,188.4 | 2,130.3 | 2,496.9 | 2,309.8 | 2,362.5 | 2,388.1 | 2,674.0 |
|
2. Short-term prepayments to suppliers
|
542.9 | 583.0 | 619.7 | 573.0 | 484.5 | 720.2 | 671.0 | 708.5 | 725.1 | 875.1 | 1,168.7 | 1,304.1 |
|
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
|
81.2 | 81.2 | 81.2 | 81.2 | 81.2 | 81.2 | 357.6 | 1,591.2 | 81.2 | 0.0 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
3,771.6 | 3,218.6 | 7,344.0 | 22,199.2 | 20,067.6 | 9,430.3 | 9,487.3 | 9,539.2 | 8,898.8 | 14,558.9 | 13,224.0 | 11,067.8 |
|
7. Provision for short-term doubtful debts (*)
|
-85.5 | -84.3 | -81.5 | -78.3 | -85.1 | -74.5 | -72.2 | -34.5 | -34.9 | -43.0 | -45.2 | -46.2 |
|
8. Assets awaiting resolution
|
55.0 | 27.1 | 18.2 | 16.0 | 13.6 | 20.9 | 4.2 | 3.5 | 5.2 | 12.3 | 9.8 | 2.0 |
|
IV. Inventories
|
11,262.2 | 10,307.8 | 10,282.8 | 9,798.1 | 10,787.4 | 12,858.9 | 12,602.1 | 12,766.3 | 13,174.9 | 14,026.4 | 13,902.2 | 13,657.2 |
|
1. Inventories
|
11,415.7 | 10,460.3 | 10,397.1 | 9,994.4 | 11,001.8 | 13,168.5 | 12,833.7 | 13,103.4 | 13,496.6 | 14,443.3 | 14,298.2 | 13,794.9 |
|
2. Provision for decline in value of inventories
|
-153.5 | -152.5 | -114.3 | -196.2 | -214.4 | -309.6 | -231.6 | -337.1 | -321.7 | -416.9 | -396.0 | -137.7 |
|
V. Other short-term assets
|
1,851.4 | 1,894.0 | 1,812.7 | 1,845.6 | 1,691.8 | 1,971.9 | 1,824.8 | 1,736.2 | 1,684.3 | 1,795.7 | 1,783.9 | 1,930.5 |
|
1. Short-term prepayments
|
378.6 | 420.1 | 358.6 | 451.1 | 342.3 | 412.8 | 376.6 | 385.8 | 327.9 | 455.8 | 403.0 | 477.3 |
|
2. Value added tax to be reclaimed
|
1,363.3 | 1,360.6 | 1,338.6 | 1,277.8 | 1,232.9 | 1,413.0 | 1,303.6 | 1,208.1 | 1,208.8 | 1,174.7 | 1,223.0 | 1,293.5 |
|
3. Taxes and other receivables from state authorities
|
109.5 | 113.3 | 115.5 | 116.7 | 116.7 | 146.1 | 144.6 | 142.3 | 147.6 | 165.2 | 157.9 | 159.6 |
|
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)
|
92,728.7 | 89,137.1 | 90,815.6 | 94,600.8 | 94,015.1 | 110,761.5 | 108,483.5 | 103,893.3 | 103,620.0 | 97,227.0 | 94,974.5 | 94,200.4 |
|
I. Long-term receivables
|
4,949.6 | 2,337.4 | 4,895.1 | 9,276.5 | 8,524.4 | 17,061.0 | 16,453.9 | 11,263.4 | 11,211.0 | 3,449.3 | 2,135.2 | 2,116.3 |
|
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 | 79.2 | 79.2 | 79.2 | 198.4 | 0.0 | 0.0 | 0.0 | 81.2 | 81.2 | 81.2 |
|
6. Other long-term receivables
|
4,949.6 | 2,337.4 | 4,815.9 | 9,197.3 | 8,445.2 | 16,862.5 | 16,453.9 | 11,263.4 | 11,211.0 | 3,368.2 | 2,054.1 | 2,035.1 |
|
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
|
35,484.2 | 35,518.1 | 35,634.6 | 36,348.7 | 37,049.8 | 43,441.7 | 42,405.0 | 43,008.5 | 42,885.8 | 42,522.2 | 42,666.2 | 43,084.2 |
|
1. Tangible fixed assets
|
26,392.7 | 26,305.2 | 26,292.0 | 26,713.1 | 27,121.5 | 30,521.4 | 30,290.6 | 30,763.7 | 30,468.7 | 30,076.5 | 30,058.9 | 30,323.6 |
|
- Cost
|
48,856.5 | 48,328.1 | 47,815.4 | 47,769.2 | 47,629.5 | 54,962.0 | 54,151.5 | 53,874.0 | 52,985.2 | 51,855.2 | 51,121.9 | 50,865.4 |
|
- Accumulated depreciation
|
-22,463.8 | -22,022.9 | -21,523.4 | -21,056.0 | -20,508.1 | -24,440.6 | -23,860.9 | -23,110.3 | -22,516.5 | -21,778.8 | -21,063.0 | -20,541.8 |
|
2. Financial leased fixed assets
|
204.1 | 208.8 | 213.4 | 218.1 | 222.7 | 227.4 | 299.4 | 304.6 | 310.9 | 317.4 | 323.8 | 336.2 |
|
- Cost
|
345.2 | 345.2 | 345.2 | 345.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-141.1 | -136.4 | -131.8 | -127.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
8,887.4 | 9,004.2 | 9,129.1 | 9,417.5 | 9,705.6 | 12,692.9 | 11,814.9 | 11,940.2 | 12,106.2 | 12,128.3 | 12,283.6 | 12,424.4 |
|
- Cost
|
13,373.9 | 13,554.6 | 13,555.4 | 13,755.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-4,486.5 | -4,550.4 | -4,426.3 | -4,338.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
III. Investment properties
|
0.0 | 3.0 | 3.4 | 3.8 | 4.2 | 673.5 | 688.4 | 692.7 | 708.7 | 697.6 | 710.7 | 718.0 |
|
- Cost
|
0.0 | 18.6 | 18.6 | 18.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
0.0 | -15.6 | -15.2 | -14.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
1,160.9 | 1,231.1 | 1,926.4 | 1,685.9 | 1,670.9 | 2,277.7 | 2,479.3 | 2,328.0 | 3,127.2 | 3,375.6 | 3,603.6 | 3,401.2 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
1,160.9 | 1,231.1 | 1,926.4 | 1,685.9 | 1,670.9 | 2,277.7 | 2,479.3 | 2,328.0 | 3,127.2 | 3,375.6 | 3,603.6 | 3,401.2 |
|
V. Long-term financial investments
|
39,473.1 | 38,469.7 | 37,342.6 | 36,210.3 | 35,318.8 | 35,621.7 | 34,554.1 | 34,441.9 | 33,219.5 | 34,299.7 | 33,247.3 | 32,317.7 |
|
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
|
37,967.2 | 36,749.0 | 35,620.8 | 34,401.4 | 33,409.9 | 32,893.0 | 31,745.7 | 31,517.1 | 30,281.8 | 31,420.6 | 30,371.2 | 29,446.9 |
|
3. Investments in other entities
|
2,932.5 | 2,932.5 | 2,932.5 | 2,932.5 | 2,932.5 | 2,951.0 | 2,964.3 | 2,938.7 | 2,937.7 | 2,879.1 | 2,876.1 | 2,870.8 |
|
4. Provision for diminution in value of long-term investments
|
-1,426.7 | -1,211.8 | -1,210.7 | -1,123.7 | -1,023.7 | -222.3 | -155.9 | -14.0 | 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
|
11,660.8 | 11,577.8 | 11,013.5 | 11,075.6 | 11,447.1 | 11,685.9 | 11,902.8 | 7,957.5 | 8,094.7 | 8,200.3 | 7,896.3 | 7,675.0 |
|
1. Long-term prepayments
|
8,172.2 | 7,872.2 | 7,144.5 | 6,985.7 | 7,171.0 | 7,231.0 | 7,310.4 | 7,242.8 | 7,418.0 | 7,513.3 | 7,344.8 | 7,348.3 |
|
2. Deferred income tax assets
|
520.9 | 582.9 | 591.5 | 641.5 | 688.0 | 706.7 | 680.3 | 714.7 | 676.7 | 687.0 | 551.5 | 326.7 |
|
3. Long-term equipment, supplies, spare parts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Goodwill
|
2,967.8 | 3,122.6 | 3,277.5 | 3,448.4 | 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 | 3,588.1 | 3,748.2 | 3,912.0 | 4,201.3 | 4,373.1 | 4,682.3 | 4,715.2 | 4,888.0 |
|
TOTAL ASSETS (280=100+200)
|
128,963.2 | 121,351.2 | 123,466.6 | 143,152.2 | 147,584.7 | 154,291.4 | 157,465.9 | 146,522.4 | 147,383.5 | 145,072.6 | 140,858.4 | 145,783.6 |
|
A. LIABILITIES (300=210+330)
|
83,884.5 | 78,378.1 | 81,823.9 | 99,823.7 | 106,832.3 | 113,111.1 | 111,259.7 | 107,688.9 | 109,146.2 | 106,999.4 | 103,334.1 | 108,677.5 |
|
I. Short -term liabilities
|
40,257.5 | 37,637.8 | 36,915.5 | 52,674.7 | 58,712.2 | 53,667.2 | 51,330.0 | 49,428.2 | 50,422.5 | 54,028.7 | 57,503.6 | 61,125.0 |
|
1. Short-term trade accounts payable
|
8,362.6 | 6,915.7 | 6,076.8 | 5,827.0 | 7,171.2 | 7,867.1 | 6,177.7 | 5,988.5 | 6,318.0 | 6,068.9 | 6,601.8 | 6,358.0 |
|
2. Short-term advances from customers
|
283.0 | 250.2 | 199.9 | 184.6 | 196.9 | 482.6 | 593.3 | 847.0 | 861.9 | 350.2 | 573.3 | 796.4 |
|
3. Taxes and other payables to state authorities
|
705.2 | 965.6 | 827.3 | 480.3 | 1,017.4 | 1,350.6 | 780.0 | 667.3 | 1,103.2 | 1,423.3 | 988.4 | 604.9 |
|
4. Payable to employees
|
322.1 | 411.5 | 373.3 | 362.2 | 251.9 | 385.5 | 380.9 | 359.8 | 264.3 | 375.1 | 260.9 | 235.3 |
|
5. Short-term acrrued expenses
|
5,264.7 | 4,799.3 | 4,140.8 | 4,230.2 | 4,787.1 | 5,268.6 | 4,318.6 | 4,688.6 | 4,819.0 | 4,949.9 | 4,476.8 | 4,299.7 |
|
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
|
26.3 | 37.2 | 29.3 | 27.7 | 23.1 | 42.2 | 41.9 | 45.8 | 67.1 | 101.6 | 63.6 | 22.4 |
|
9. Other short-term payables
|
839.8 | 210.5 | 3,548.5 | 17,308.8 | 18,489.6 | 8,764.9 | 9,647.9 | 8,587.8 | 8,919.8 | 15,026.2 | 13,453.9 | 11,789.1 |
|
10. Short-term borrowings and financial leases
|
24,331.0 | 23,925.0 | 21,596.8 | 24,205.9 | 26,724.2 | 29,466.9 | 29,351.5 | 28,205.4 | 28,030.2 | 25,692.7 | 31,045.0 | 36,980.3 |
|
11. Provision for short-term liabilities
|
91.7 | 91.7 | 91.7 | 16.7 | 19.6 | 7.7 | 7.0 | 6.9 | 7.8 | 9.6 | 8.6 | 7.7 |
|
12.. Bonus and welfare fund
|
31.1 | 31.1 | 31.1 | 31.1 | 31.1 | 31.1 | 31.1 | 31.1 | 31.1 | 31.1 | 31.1 | 31.1 |
|
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
|
43,627.1 | 40,740.2 | 44,908.4 | 47,149.0 | 48,120.2 | 59,444.0 | 59,929.8 | 58,260.7 | 58,723.7 | 52,970.7 | 45,830.4 | 47,552.5 |
|
1. Long-term trade payables
|
10.7 | 14.1 | 14.3 | 17.3 | 16.2 | 22.9 | 17.1 | 19.3 | 19.3 | 21.6 | 21.6 | 22.5 |
|
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
|
2.7 | 34.5 | 83.5 | 200.9 | 102.1 | 515.6 | 350.8 | 173.4 | 31.2 | 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
|
162.9 | 807.8 | 2,761.4 | 6,914.3 | 6,212.3 | 13,974.6 | 12,371.5 | 7,874.5 | 8,199.2 | 1,787.7 | 617.9 | 697.3 |
|
8. Long-term borrowings and financial leases
|
40,546.2 | 37,009.3 | 39,144.1 | 37,107.5 | 38,825.2 | 36,272.4 | 38,519.8 | 41,447.6 | 41,541.9 | 42,922.7 | 37,024.1 | 38,691.5 |
|
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
|
2,364.7 | 2,379.5 | 2,412.6 | 2,418.9 | 2,476.5 | 3,228.8 | 3,340.0 | 3,363.0 | 3,406.4 | 3,471.3 | 3,502.3 | 3,499.1 |
|
12. Provision for long-term liabilities
|
539.9 | 495.1 | 492.6 | 490.1 | 487.9 | 5,429.7 | 5,330.6 | 5,382.9 | 5,525.7 | 4,767.4 | 4,664.5 | 4,642.2 |
|
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)
|
45,078.6 | 42,973.2 | 41,642.7 | 43,328.4 | 40,752.4 | 41,180.3 | 46,206.1 | 38,833.5 | 38,237.2 | 38,073.2 | 37,524.3 | 37,106.1 |
|
I. Owner's equity
|
45,078.6 | 42,973.2 | 41,642.7 | 43,328.4 | 40,752.4 | 41,180.3 | 46,206.1 | 38,833.5 | 38,237.2 | 38,073.2 | 37,524.3 | 37,106.1 |
|
1. Owner's capital
|
15,204.9 | 15,204.9 | 15,129.3 | 15,129.3 | 15,129.3 | 15,129.3 | 15,129.3 | 14,308.4 | 14,308.4 | 14,308.4 | 14,237.2 | 14,237.2 |
|
- Common stock with voting right
|
15,204.9 | 15,204.9 | 15,129.3 | 15,129.3 | 15,129.3 | 15,129.3 | 14,383.5 | 14,308.4 | 14,308.4 | 14,308.4 | 14,237.2 | 14,237.2 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 745.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
14,164.5 | 14,164.5 | 14,164.6 | 14,164.6 | 14,164.6 | 14,164.6 | 14,164.6 | 8,723.1 | 8,723.1 | 8,723.1 | 8,723.1 | 8,723.1 |
|
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
|
-8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 | -8,388.1 |
|
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
|
11.3 | 11.0 | 10.6 | 9.9 | 9.5 | -149.1 | -162.5 | -212.0 | -224.2 | -313.2 | -356.5 | -351.5 |
|
8. Investment and development fund
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Fund to support corporate restructuring
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 403.5 | 471.2 | 384.2 | 342.4 | 702.4 | 579.6 | 576.4 |
|
11. Undistributed earnings after tax
|
14,355.6 | 12,708.8 | 11,557.6 | 9,834.5 | 9,326.9 | 8,344.6 | 12,415.7 | 11,913.1 | 11,798.1 | 11,750.5 | 11,702.1 | 11,596.9 |
|
- Accumulated retained earning at the end of the previous period
|
9,326.9 | 9,326.9 | 9,326.9 | 9,326.9 | 11,798.1 | 11,798.1 | 11,798.1 | 11,798.1 | 11,381.9 | 11,381.9 | 11,381.9 | 11,381.9 |
|
- Undistributed earnings in this period
|
5,028.7 | 3,381.9 | 2,230.7 | 507.6 | -2,471.2 | -3,453.4 | 617.6 | 115.0 | 416.1 | 368.6 | 320.2 | 214.9 |
|
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
|
9,730.5 | 9,272.1 | 9,168.8 | 12,578.4 | 10,510.3 | 11,675.6 | 12,576.1 | 12,104.9 | 11,677.7 | 11,290.1 | 11,026.9 | 10,712.1 |
|
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)
|
128,963.2 | 121,351.2 | 123,466.6 | 143,152.2 | 147,584.7 | 154,291.4 | 157,465.9 | 146,522.4 | 147,383.5 | 145,072.6 | 140,858.4 | 145,783.6 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Profit Before Tax
|
2,667.4 | 2,152.1 | 1,846.3 | 1,222.4 | 2,656.6 | 1,565.8 | 1,168.8 | 633.7 | 947.8 | 582.9 | 450.9 | 581.3 |
|
Depreciation of Fixed Assets and Investment Property
|
859.7 | 841.0 | 848.0 | 879.9 | 974.0 | 1,175.0 | 940.2 | 1,043.8 | 944.9 | 1,030.0 | 946.7 | 1,085.0 |
|
Provision (Increase)/Reversal
|
293.0 | 88.9 | 134.1 | 115.6 | 903.3 | 224.2 | 134.4 | 100.5 | -21.8 | 91.2 | 342.5 | -4.6 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-29.3 | -20.0 | 21.9 | 6.4 | 93.3 | 2.9 | -32.8 | -50.8 | -273.8 | 477.3 | -80.4 | -64.0 |
|
Gain/Loss from Investment Activities
|
-1,647.9 | -2,060.1 | -1,104.0 | -1,399.4 | -1,951.1 | -1,761.0 | -1,633.4 | -1,721.7 | -1,589.5 | -1,494.1 | -1,395.9 | -1,390.8 |
|
Interest Expense
|
1,354.5 | 1,817.7 | 1,220.2 | 1,531.7 | 1,662.5 | 1,822.7 | 1,712.9 | 1,713.3 | 1,799.0 | 1,894.5 | 1,886.7 | 1,842.3 |
|
Gain/Loss on Disposal of Fixed Assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Income and Dividends
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Amortization of Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Adjustments
|
0.0 | 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
|
3,497.4 | 2,819.6 | 2,966.4 | 2,356.5 | 4,338.6 | 3,029.5 | 2,290.0 | 1,718.8 | 1,806.5 | 2,581.9 | 2,150.5 | 2,049.2 |
|
Increase/(Decrease) in Receivables
|
162.5 | -396.1 | 578.6 | -45.2 | -827.8 | 56.6 | 561.8 | -128.1 | 281.8 | 150.4 | 489.3 | -469.3 |
|
Increase/(Decrease) in Inventory
|
-1,063.8 | -144.9 | -497.0 | 1,033.8 | -346.0 | -344.3 | 231.0 | 360.7 | 915.8 | -125.5 | -525.0 | 811.2 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
1,280.1 | 1,629.7 | -177.5 | -1,654.5 | 2,146.1 | 1,441.2 | -366.3 | -1,077.6 | 305.0 | 323.5 | -53.1 | -1,017.9 |
|
Increase/(Decrease) in Prepaid Expenses
|
-87.8 | 18.3 | 41.5 | 126.3 | 341.1 | 176.4 | -60.6 | 171.5 | 153.1 | 85.0 | 110.5 | 77.7 |
|
Changes in Trading Securities
|
-3,377.3 | -378.5 | -68.2 | 0.0 | 1,720.3 | -209.8 | 1,708.3 | 964.2 | -2,966.5 | 1,426.8 | 672.9 | -14.1 |
|
Interest Paid
|
-1,218.8 | -2,123.5 | -1,468.7 | -1,164.2 | -2,485.0 | -1,490.3 | -1,599.6 | -1,386.2 | -2,030.1 | -2,444.8 | -1,844.9 | -1,583.0 |
|
Corporate Income Tax Paid
|
-346.9 | -170.6 | -28.2 | -728.2 | -453.5 | -81.3 | -214.9 | -658.7 | -340.3 | -197.0 | -83.5 | -195.4 |
|
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
|
-0.5 | -0.1 | -0.2 | -0.3 | -0.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
-1,155.0 | 1,253.8 | 1,346.7 | -75.9 | 4,433.2 | 2,578.0 | 2,549.7 | -35.4 | -1,874.7 | 1,800.2 | 916.6 | -341.6 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-594.9 | -571.7 | -363.6 | -348.1 | -1,546.3 | -933.3 | -222.9 | -396.8 | -462.7 | -385.8 | -531.8 | -848.5 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
8.5 | 2.4 | 2.8 | 8.4 | -0.5 | 11.7 | -29.4 | 52.9 | 2.1 | 6.2 | 6.2 | 2.9 |
|
Loans and Purchases of Debt Instruments
|
-4,503.7 | -621.5 | -3,482.3 | -4,673.2 | -22,870.5 | 634.5 | -14,598.3 | -3,897.9 | -10,690.6 | -12,044.3 | -3,706.2 | -2,232.6 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
890.3 | 7,036.6 | 21,849.7 | 2,257.7 | 19,677.0 | -35.2 | 10,283.5 | 2,478.8 | 10,978.3 | 7,784.1 | 1,531.0 | 250.7 |
|
Investments in Other Entities
|
-1,301.4 | 0.0 | -755.4 | -1,057.7 | -1,457.3 | -5,100.0 | 0.0 | 0.0 | 2.5 | -14.3 | 0.0 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | -508.4 | 593.0 | 2,901.1 | 0.0 | 1,383.2 | 0.0 | 708.6 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
1,641.2 | 1,015.4 | 262.6 | 112.0 | 903.9 | 301.0 | 1,544.2 | 223.0 | 459.5 | 878.9 | 236.9 | 245.1 |
|
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
|
-3,859.9 | 6,861.2 | 17,005.4 | -3,107.9 | -2,392.5 | -5,121.3 | -1,639.8 | -1,539.9 | 997.7 | -3,775.1 | -2,463.9 | -2,582.3 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 247.5 | 0.0 | 2,575.1 | 12.9 | -63.9 | 6,409.1 | 53.7 | 0.0 | 71.1 | 0.0 | 0.0 |
|
Share Repurchases
|
0.0 | 0.0 | -2,551.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
17,165.3 | 14,676.9 | 14,677.4 | 13,465.0 | 41,543.2 | 13,845.7 | 24,468.8 | 13,748.8 | 28,875.7 | 23,181.4 | 17,362.0 | 21,639.9 |
|
Repayment of Borrowings
|
-13,204.0 | -19,546.0 | -32,687.3 | -18,699.5 | -36,818.8 | -15,837.6 | -22,100.1 | -13,854.7 | -27,264.5 | -20,525.1 | -23,178.8 | -16,356.5 |
|
Repayment of Finance Leases
|
-3.2 | -3.1 | -3.0 | -3.0 | 19.8 | -10.6 | -19.6 | -3.8 | -3.7 | -3.6 | -4.0 | -4.0 |
|
Dividends Paid
|
-107.9 | -776.4 | -2.0 | -4.1 | -1,395.2 | -325.5 | -0.5 | -0.1 | -39.5 | -204.3 | -0.1 | 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
|
3,850.2 | -5,401.0 | -20,566.5 | -2,666.5 | 3,361.9 | -2,391.9 | 8,757.6 | -56.0 | 1,568.1 | 2,519.5 | -5,820.8 | 5,279.4 |
|
Net Cash Flow During the Period
|
-1,164.7 | 2,714.0 | -2,214.4 | -5,850.3 | 5,402.5 | -4,935.2 | 9,667.5 | -1,631.3 | 691.1 | 544.6 | -7,368.1 | 2,355.4 |
|
Cash and Cash Equivalents at Beginning of Period
|
13,266.3 | 10,552.7 | 12,769.1 | 18,617.9 | 10,124.5 | 10,124.5 | 10,124.5 | 10,124.5 | 13,853.1 | 13,853.1 | 13,853.1 | 13,853.1 |
|
FX Difference from Revaluation
|
-0.7 | -0.9 | -0.5 | 1.5 | -9.7 | 2.0 | -2.0 | -0.4 | -43.7 | 103.5 | -6.5 | -4.8 |
|
Cash and Cash Equivalents at End of Period
|
12,101.9 | 13,266.3 | 10,552.7 | 12,769.1 | 18,617.9 | 13,225.0 | 18,158.2 | 8,492.7 | 10,124.5 | 9,477.1 | 8,829.0 | 16,203.7 |
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