REE
Listed Company · HOSE
Price
64,400
Latest close
03 Apr 2026
P/E
13.3x
EPS
(TTM)
4,838
ROE
(TTM)
10.7%
P/B
1.4x
BVPS
(Latest)
45,778
ROA
(TTM)
6.6%
What Is Changing
REE no longer looks like a business simply rebounding from a weak base. Revenue posted +19.4% YoY, while net margin reached 31.47% with an additional +2.9pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Income recovered 31.5% to VND 3,150.4bn in 2025.
- Net margin improved from 28.58% in the prior period to 31.47% in 2025.
- Revenue growth accelerated to 19.4% in 2025, up 21.6pp versus the prior year.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 10,011.6 | 8,383.7 | 8,569.9 | 9,371.9 | 5,809.8 |
| Growth | +19% | -2% | -9% | +61% | — |
| Net Income | 3,150.4 | 2,396.0 | 2,786.7 | 3,515.4 | 2,136.1 |
| Net Margin | 31.47% | 28.58% | 32.52% | 37.51% | 36.77% |
| 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 | 2,877.6 | 2,552.2 | 2,513.5 | 2,068.4 | 2,333.6 | 2,029.4 | 2,181.2 | 1,837.5 | 2,065.2 | 1,961.7 | 2,174.2 | 2,368.8 |
| Growth | +13% | +2% | +22% | -11% | +15% | -7% | +19% | -11% | +5% | -10% | -8% | — |
| Net Income | 768.7 | 824.8 | 739.2 | 816.8 | 882.8 | 561.5 | 403.6 | 548.9 | 643.5 | 465.2 | 623.7 | 1,054.8 |
| Net Margin | 26.71% | 32.32% | 29.41% | 39.49% | 37.83% | 27.67% | 18.50% | 29.87% | 31.16% | 23.71% | 28.69% | 44.53% |
Financial Statements
Profitability
Net margin reached 31.47% while Revenue posted +19.4% YoY.
Balance Sheet
Inventory stood at 1,523.6bn, liabilities at 15,278.3bn, and equity at 24,796.5bn.
Cash Flow
Operating cash flow was 2,710.9bn in 2025, while investing cash flow was -4,555.5bn.
Financing cash flow: -745.5bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
10,025.6 | 8,394.6 | 8,579.3 | 9,377.9 | 5,813.0 |
|
Revenue Deductions
|
13.9 | 10.9 | 9.4 | 6.0 | 0.0 |
|
Net Revenue
|
10,011.6 | 8,383.7 | 8,569.9 | 9,371.9 | 5,809.8 |
|
Cost of Goods Sold
|
6,236.4 | 5,259.6 | 4,860.0 | 5,042.1 | 0.0 |
|
Gross Profit
|
3,775.2 | 3,124.1 | 3,709.9 | 4,329.8 | 2,312.1 |
|
Financial Income
|
447.2 | 317.8 | 227.1 | 186.8 | 464.8 |
|
Financial Expenses
|
740.5 | 790.7 | 1,016.4 | 941.6 | -706.2 |
|
Interest Expense
|
687.7 | 738.0 | 938.9 | 882.7 | -662.5 |
|
Share of Associates and Joint Ventures
|
839.7 | 717.0 | 877.2 | 1,077.4 | 774.2 |
|
Selling Expenses
|
119.7 | 118.2 | 92.5 | 88.9 | -85.1 |
|
General and Administrative Expenses
|
655.0 | 577.6 | 663.1 | 577.6 | -371.5 |
|
Operating Profit
|
3,546.8 | 2,672.3 | 3,042.1 | 3,985.9 | 2,388.4 |
|
Other Income
|
26.6 | 34.4 | 22.0 | 43.8 | 0.0 |
|
Other Expenses
|
53.8 | 19.2 | 8.0 | 151.1 | 0.0 |
|
Other Profit
|
-27.1 | 15.3 | 14.0 | -107.3 | 12.9 |
|
Profit Before Tax
|
3,519.7 | 2,687.6 | 3,056.1 | 3,878.6 | 2,401.3 |
|
Current Income Tax Expense
|
418.8 | 297.5 | 292.1 | 370.0 | -265.1 |
|
Deferred Income Tax Expense
|
-49.5 | -5.9 | -22.6 | -6.8 | 0.0 |
|
Net Income
|
3,150.4 | 2,396.0 | 2,786.7 | 3,515.4 | 2,136.1 |
|
Non-controlling Interest
|
621.3 | 402.6 | 598.3 | 822.9 | 281.2 |
|
Profit Attributable to Parent
|
2,529.1 | 1,993.4 | 2,188.3 | 2,692.5 | 1,854.9 |
|
Earnings per Share
|
4,669.00 | 4,237.00 | 5,354.00 | 7,576.00 | 6,002.00 |
|
Diluted EPS
|
4,669.00 | 4,237.00 | 5,354.00 | 7,576.00 | 5,982.51 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
13,701.5 | 11,285.8 | 9,524.2 | 8,573.5 | 6,755.5 |
|
I. Cash and cash equivalents
|
3,045.8 | 5,635.9 | 3,022.8 | 1,151.3 | 1,830.9 |
|
1. Cash
|
371.2 | 274.4 | 288.4 | 457.1 | 0.0 |
|
2. Cash equivalents
|
2,674.6 | 5,361.5 | 2,734.4 | 694.2 | 0.0 |
|
II. Short-term financial investments
|
4,651.7 | 1,060.1 | 1,132.4 | 1,749.4 | 0.0 |
|
1. Available for sale securities
|
1,085.5 | 733.1 | 719.4 | 789.7 | 0.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
-0.2 | -0.8 | -0.8 | -0.8 | 0.0 |
|
3. Held to maturity investments
|
3,566.4 | 327.8 | 413.7 | 960.5 | 0.0 |
|
III. Short-term receivables
|
4,191.9 | 3,129.7 | 3,780.1 | 4,013.3 | 2,985.8 |
|
1. Short-term trade accounts receivable
|
3,077.0 | 2,611.5 | 3,383.8 | 2,664.1 | 0.0 |
|
2. Short-term prepayments to suppliers
|
413.8 | 243.6 | 184.3 | 300.0 | 0.0 |
|
3. Short-term inter-company receivables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
696.5 | 416.7 | 250.8 | 566.1 | 0.0 |
|
5. Short-term loan receivables
|
— | 0.0 | 0.1 | 94.8 | 0.0 |
|
6. Other short-term receivables
|
585.3 | 326.5 | 392.7 | 596.7 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
-580.7 | -468.6 | -431.7 | -208.5 | 0.0 |
|
8. Assets awaiting resolution
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
1,523.6 | 1,276.8 | 1,353.8 | 1,408.6 | 798.9 |
|
1. Inventories
|
1,583.0 | 1,379.2 | 1,408.7 | 1,429.1 | 0.0 |
|
2. Provision for decline in value of inventories
|
-59.4 | -102.4 | -54.9 | -20.6 | 0.0 |
|
V. Other short-term assets
|
288.4 | 183.3 | 235.1 | 251.0 | 276.1 |
|
1. Short-term prepayments
|
14.9 | 14.2 | 18.2 | 15.7 | 0.0 |
|
2. Value added tax to be reclaimed
|
265.0 | 155.7 | 199.6 | 229.1 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
8.5 | 13.4 | 17.3 | 6.2 | 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)
|
26,373.4 | 25,076.6 | 25,388.1 | 25,341.1 | 25,070.8 |
|
I. Long-term receivables
|
107.7 | 36.4 | 17.3 | 33.4 | 0.0 |
|
1. Long-term trade receivables
|
— | 0.0 | 0.0 | 0.0 | 37.2 |
|
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
|
72.9 | 0.0 | 0.0 | 0.1 | 0.0 |
|
6. Other long-term receivables
|
34.7 | 36.4 | 17.3 | 33.3 | 0.0 |
|
7. Provision for long-term doubtful debts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
14,129.6 | 13,961.3 | 14,916.5 | 15,841.9 | 16,057.7 |
|
1. Tangible fixed assets
|
14,059.1 | 13,890.3 | 14,845.2 | 15,770.5 | 15,991.8 |
|
- Cost
|
23,730.8 | 22,462.8 | 22,367.2 | 22,224.2 | 0.0 |
|
- Accumulated depreciation
|
-9,671.6 | -8,572.4 | -7,521.9 | -6,453.6 | 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
|
70.4 | 71.0 | 71.3 | 71.3 | 65.9 |
|
- Cost
|
100.0 | 95.4 | 95.0 | 92.0 | 0.0 |
|
- Accumulated depreciation
|
-29.6 | -24.4 | -23.7 | -20.6 | 0.0 |
|
III. Investment properties
|
2,478.0 | 2,542.4 | 1,345.4 | 1,456.8 | 1,570.3 |
|
- Cost
|
3,986.0 | 3,858.5 | 2,509.3 | 2,507.1 | 0.0 |
|
- Accumulated depreciation
|
-1,508.0 | -1,316.1 | -1,163.9 | -1,050.3 | 0.0 |
|
IV. Long-term assets in progress
|
2,433.2 | 1,452.6 | 1,607.8 | 549.1 | 406.0 |
|
1. Long-term production in progress
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
2,433.2 | 1,452.6 | 1,607.8 | 549.1 | 0.0 |
|
V. Long-term financial investments
|
6,311.8 | 6,198.5 | 6,560.5 | 6,490.6 | 6,311.4 |
|
1. Investments in subsidiaries
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
6,046.0 | 5,932.7 | 6,273.9 | 6,174.1 | 0.0 |
|
3. Investments in other entities
|
265.8 | 265.8 | 286.5 | 286.5 | 0.0 |
|
4. Provision for diminution in value of long-term investments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
— | 0.0 | 0.0 | 30.0 | 0.0 |
|
6. Other long-term investments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
913.1 | 885.3 | 940.7 | 969.2 | 0.0 |
|
1. Long-term prepayments
|
362.0 | 357.3 | 348.0 | 328.6 | 0.0 |
|
2. Deferred income tax assets
|
125.5 | 76.1 | 70.4 | 47.7 | 0.0 |
|
3. Long-term equipment, supplies, spare parts
|
9.8 | 9.2 | 9.3 | 9.5 | 0.0 |
|
4. Other long-term assets
|
— | 0.0 | 0.0 | 0.0 | 688.2 |
|
5. Goodwill
|
415.8 | 442.6 | 513.0 | 583.3 | 0.0 |
|
VII. Goodwill (before 2015)
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
40,074.9 | 36,362.3 | 34,912.3 | 33,914.6 | 31,826.3 |
|
A. LIABILITIES (300=210+330)
|
15,278.3 | 13,907.6 | 14,142.2 | 14,710.9 | 15,470.3 |
|
I. Short -term liabilities
|
5,147.2 | 4,070.1 | 3,944.6 | 4,086.2 | 4,356.1 |
|
1. Short-term trade accounts payable
|
1,258.1 | 724.5 | 619.2 | 649.9 | 859.8 |
|
2. Short-term advances from customers
|
1,187.8 | 998.6 | 706.9 | 810.4 | 820.3 |
|
3. Taxes and other payables to state authorities
|
307.6 | 170.6 | 203.1 | 292.0 | 0.0 |
|
4. Payable to employees
|
98.4 | 60.0 | 59.6 | 71.0 | 0.0 |
|
5. Short-term acrrued expenses
|
705.9 | 645.5 | 639.4 | 573.8 | 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
|
5.3 | 4.6 | 2.1 | 1.0 | 1.7 |
|
9. Other short-term payables
|
89.6 | 181.6 | 465.5 | 219.5 | 0.0 |
|
10. Short-term borrowings and financial leases
|
1,472.6 | 1,254.3 | 1,237.9 | 1,455.1 | 1,323.8 |
|
11. Provision for short-term liabilities
|
11.7 | 23.1 | 5.6 | 10.6 | 0.0 |
|
12.. Bonus and welfare fund
|
10.3 | 7.3 | 5.2 | 2.9 | 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
|
10,131.1 | 9,837.5 | 10,197.6 | 10,624.7 | 11,114.2 |
|
1. Long-term trade payables
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
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
|
— | 0.1 | 0.3 | 1.1 | 0.0 |
|
7. Other long-term liabilities
|
508.1 | 460.4 | 450.9 | 450.9 | 0.0 |
|
8. Long-term borrowings and financial leases
|
9,379.7 | 9,142.7 | 9,504.9 | 9,946.0 | 10,650.1 |
|
9. Convertible bonds
|
— | 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
|
188.9 | 188.9 | 189.1 | 189.1 | 0.0 |
|
12. Provision for long-term liabilities
|
54.5 | 45.3 | 52.4 | 37.5 | 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)
|
24,796.5 | 22,454.8 | 20,770.1 | 19,203.7 | 16,356.0 |
|
I. Owner's equity
|
24,796.5 | 22,454.8 | 20,770.1 | 19,203.7 | 0.0 |
|
1. Owner's capital
|
5,416.6 | 4,710.1 | 4,097.1 | 3,564.1 | 16,356.0 |
|
- Common stock with voting right
|
5,416.6 | 4,710.1 | 4,097.1 | 3,564.1 | 3,100.6 |
|
- Preferred stock
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
1,012.9 | 1,012.9 | 1,050.5 | 1,050.5 | 1,050.5 |
|
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 | -47.6 | -47.6 | 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
|
413.0 | 415.6 | 415.6 | 234.7 | 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
|
14,103.5 | 12,761.4 | 11,802.5 | 10,704.6 | 8,962.4 |
|
- Accumulated retained earning at the end of the previous period
|
11,574.4 | 10,768.0 | 9,614.1 | 8,012.1 | 7,107.7 |
|
- Undistributed earnings in this period
|
2,529.1 | 1,993.4 | 2,188.3 | 2,692.5 | 1,854.7 |
|
12. Reserves for investment in construction
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
3,850.4 | 3,554.7 | 3,452.0 | 3,697.4 | 3,055.5 |
|
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)
|
40,074.9 | 36,362.3 | 34,912.3 | 33,914.6 | 31,826.3 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Profit Before Tax
|
3,519.7 | 2,687.6 | 3,056.1 | 3,878.6 | 2,400.9 |
|
Depreciation of Fixed Assets and Investment Property
|
1,384.9 | 1,298.5 | 1,263.9 | 1,225.3 | 895.1 |
|
Provision (Increase)/Reversal
|
66.2 | 94.9 | 267.4 | 99.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
29.1 | 0.0 | 34.5 | 42.4 | 0.0 |
|
Gain/Loss from Investment Activities
|
-1,214.9 | -1,003.6 | -1,083.6 | -1,130.0 | 0.0 |
|
Interest Expense
|
691.5 | 741.8 | 942.7 | 887.8 | 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
|
4,476.5 | 3,819.2 | 4,480.9 | 5,002.9 | 2,757.8 |
|
Increase/(Decrease) in Receivables
|
-986.3 | 704.2 | -221.1 | -770.9 | 0.0 |
|
Increase/(Decrease) in Inventory
|
-204.4 | 29.6 | 20.6 | -622.6 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
808.8 | 263.2 | -137.2 | 126.0 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
-5.3 | -5.4 | -21.9 | 0.3 | 0.0 |
|
Changes in Trading Securities
|
-352.3 | 0.0 | 70.2 | -717.1 | 0.0 |
|
Interest Paid
|
-679.3 | -737.2 | -990.7 | -1,072.7 | 0.0 |
|
Corporate Income Tax Paid
|
-330.5 | -279.9 | -371.5 | -358.5 | 0.0 |
|
Other Operating Receipts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-16.4 | -10.2 | -12.5 | -18.2 | 0.0 |
|
Net Cash Flow from Operating Activities
|
2,710.9 | 3,783.5 | 2,816.8 | 1,569.1 | 1,738.3 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-2,022.5 | -1,035.0 | -872.5 | -738.1 | -3,912.3 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
13.6 | 5.2 | 15.4 | 27.4 | 0.7 |
|
Loans and Purchases of Debt Instruments
|
-4,877.0 | -457.7 | -698.7 | -2,155.0 | -903.7 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
1,565.4 | 543.8 | 1,370.3 | 2,114.1 | 1,489.3 |
|
Investments in Other Entities
|
-320.1 | -303.8 | -278.6 | -738.1 | -219.0 |
|
Proceeds from Investments in Other Entities
|
133.7 | 173.7 | 31.8 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
951.3 | 1,278.5 | 1,074.7 | 721.6 | 0.0 |
|
Increase/(Decrease) in Term Deposits
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-4,555.5 | 204.7 | 642.3 | -768.2 | -2,008.6 |
|
Proceeds from Equity Issuance and Capital Contributions
|
85.7 | 27.7 | 0.0 | 1.5 | 121.0 |
|
Share Repurchases
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
3,225.8 | 3,451.7 | 2,888.6 | 1,827.0 | 3,678.2 |
|
Repayment of Borrowings
|
-3,091.1 | -3,828.0 | -3,589.8 | -2,734.5 | -2,262.5 |
|
Repayment of Finance Leases
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
-469.4 | -1,026.6 | -886.4 | -306.0 | -85.7 |
|
Other Financing Receipts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Financing Payments
|
-496.5 | 0.0 | 0.0 | -268.4 | 0.0 |
|
Net Cash Flow from Financing Activities
|
-745.5 | -1,375.2 | -1,587.6 | -1,480.5 | 1,451.0 |
|
Net Cash Flow During the Period
|
-2,590.1 | 2,613.1 | 1,871.5 | -679.6 | -244.5 |
|
Cash and Cash Equivalents at Beginning of Period
|
5,635.9 | 3,022.8 | 1,151.3 | 1,830.9 | 651.7 |
|
FX Difference from Revaluation
|
0.0 | 0.0 | -0.0 | 0.0 | -1.4 |
|
Cash and Cash Equivalents at End of Period
|
3,045.8 | 5,635.9 | 3,022.8 | 1,151.3 | 1,830.9 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue
|
2,880.6 | 2,555.2 | 2,516.3 | 2,073.5 | 2,336.2 | 2,031.4 | 2,182.9 | 1,842.2 | 2,066.5 | 1,965.0 | 2,176.2 | 2,371.6 |
|
Revenue Deductions
|
3.0 | 3.0 | 2.8 | 5.1 | 2.5 | 1.9 | 1.8 | 4.7 | 1.3 | 3.3 | 2.1 | 2.7 |
|
Net Revenue
|
2,877.6 | 2,552.2 | 2,513.5 | 2,068.4 | 2,333.6 | 2,029.4 | 2,181.2 | 1,837.5 | 2,065.2 | 1,961.7 | 2,174.2 | 2,368.8 |
|
Cost of Goods Sold
|
1,838.0 | 1,620.2 | 1,660.3 | 1,117.9 | 1,318.4 | 1,341.8 | 1,501.2 | 1,096.1 | 1,142.8 | 1,308.1 | 1,294.6 | 1,114.4 |
|
Gross Profit
|
1,039.6 | 932.0 | 853.2 | 950.5 | 1,015.2 | 687.6 | 680.0 | 741.3 | 922.4 | 653.6 | 879.6 | 1,254.4 |
|
Financial Income
|
120.3 | 101.8 | 119.5 | 110.2 | 108.1 | 62.6 | 89.8 | 70.2 | 64.6 | 48.6 | 65.9 | 58.6 |
|
Financial Expenses
|
166.9 | 184.5 | 201.2 | 190.7 | 190.0 | 185.3 | 202.6 | 223.3 | 228.3 | 276.4 | 255.2 | 256.2 |
|
Interest Expense
|
166.4 | 179.0 | 171.7 | 166.7 | 181.0 | 180.7 | 184.4 | 191.7 | 216.0 | 228.0 | 245.2 | 249.2 |
|
Share of Associates and Joint Ventures
|
233.6 | 242.6 | 222.8 | 140.1 | 276.1 | 207.1 | 112.7 | 121.2 | 266.9 | 217.9 | 172.6 | 209.0 |
|
Selling Expenses
|
38.2 | 30.2 | 30.8 | 20.5 | 36.0 | 29.1 | 34.4 | 18.7 | 29.5 | 21.2 | 22.6 | 19.2 |
|
General and Administrative Expenses
|
291.7 | 125.2 | 136.8 | 92.7 | 197.4 | 109.6 | 174.5 | 96.0 | 315.0 | 97.4 | 148.4 | 101.9 |
|
Operating Profit
|
896.7 | 936.6 | 826.7 | 896.9 | 976.0 | 633.3 | 471.1 | 594.7 | 681.1 | 525.1 | 691.8 | 1,144.7 |
|
Other Income
|
9.0 | 5.2 | 10.8 | 5.0 | 20.2 | 3.6 | 4.7 | 4.3 | 7.2 | 2.3 | 6.6 | 9.1 |
|
Other Expenses
|
41.5 | 14.8 | 9.7 | 3.9 | 11.8 | 4.2 | 1.3 | 0.3 | 6.7 | 1.0 | 2.0 | 1.5 |
|
Other Profit
|
-32.5 | -9.6 | 1.1 | 1.2 | 8.4 | -0.6 | 3.4 | 4.1 | 0.5 | 1.4 | 4.6 | 7.6 |
|
Profit Before Tax
|
864.1 | 927.0 | 827.8 | 898.1 | 984.5 | 632.8 | 474.5 | 598.8 | 681.5 | 526.4 | 696.4 | 1,152.2 |
|
Current Income Tax Expense
|
140.2 | 102.5 | 96.5 | 79.9 | 111.6 | 69.2 | 68.0 | 47.8 | 61.6 | 61.1 | 72.2 | 97.1 |
|
Deferred Income Tax Expense
|
-44.8 | -0.3 | -7.8 | 1.4 | -9.9 | 2.1 | 2.9 | 2.1 | -23.6 | 0.1 | 0.4 | 0.4 |
|
Net Income
|
768.7 | 824.8 | 739.2 | 816.8 | 882.8 | 561.5 | 403.6 | 548.9 | 643.5 | 465.2 | 623.7 | 1,054.8 |
|
Non-controlling Interest
|
149.2 | 150.6 | 115.7 | 205.4 | 203.5 | 81.7 | 48.8 | 68.4 | 139.4 | 15.5 | 134.3 | 309.7 |
|
Profit Attributable to Parent
|
619.4 | 674.2 | 623.5 | 611.4 | 679.3 | 479.8 | 354.8 | 480.5 | 504.1 | 449.7 | 489.4 | 745.1 |
|
Earnings per Share
|
1,144.00 | 1,245.00 | 1,151.00 | 1,298.00 | 1,442.00 | 1,020.00 | 755.00 | 1,176.00 | 1,233.00 | 1,100.00 | 1,197.00 | 2,096.00 |
|
Diluted EPS
|
1,143.59 | 1,244.75 | 1,151.09 | 1,298.06 | 1,442.26 | 1,018.75 | 753.19 | 1,172.72 | 1,230.40 | 1,097.47 | 1,194.54 | 2,090.52 |
| 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)
|
13,700.4 | 12,359.2 | 11,935.7 | 11,941.0 | 11,285.9 | 10,627.1 | 9,564.7 | 9,985.3 | 9,522.3 | 9,367.1 | 8,931.1 | 9,046.5 |
|
I. Cash and cash equivalents
|
3,045.8 | 3,356.1 | 4,779.9 | 5,411.4 | 5,635.9 | 5,069.0 | 3,675.6 | 3,319.6 | 3,022.8 | 2,085.3 | 1,620.2 | 1,395.5 |
|
1. Cash
|
371.2 | 333.2 | 547.3 | 643.4 | 274.4 | 379.2 | 589.1 | 360.2 | 288.4 | 330.0 | 158.3 | 576.6 |
|
2. Cash equivalents
|
2,674.6 | 3,023.0 | 4,232.6 | 4,768.0 | 5,361.5 | 4,689.8 | 3,086.5 | 2,959.4 | 2,734.4 | 1,755.3 | 1,461.9 | 818.9 |
|
II. Short-term financial investments
|
4,651.7 | 3,650.6 | 2,018.1 | 1,302.7 | 1,060.1 | 1,119.1 | 1,177.1 | 1,259.7 | 1,132.4 | 1,436.3 | 1,410.2 | 1,310.2 |
|
1. Available for sale securities
|
1,085.5 | 1,181.3 | 933.4 | 733.1 | 733.1 | 934.8 | 934.3 | 893.8 | 719.4 | 1,047.3 | 933.1 | 736.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
-0.2 | -0.6 | -0.8 | -0.8 | -0.8 | -0.7 | -0.7 | -0.8 | -0.8 | -0.9 | -1.0 | -0.9 |
|
3. Held to maturity investments
|
3,566.4 | 2,469.9 | 1,085.5 | 570.3 | 327.8 | 185.0 | 243.5 | 366.6 | 413.7 | 389.9 | 478.1 | 575.0 |
|
III. Short-term receivables
|
4,188.8 | 3,801.0 | 3,702.4 | 3,636.8 | 3,129.5 | 3,021.1 | 3,151.2 | 3,760.8 | 3,777.0 | 4,296.7 | 4,291.8 | 4,697.1 |
|
1. Short-term trade accounts receivable
|
3,077.5 | 2,449.5 | 2,749.7 | 2,972.9 | 2,612.7 | 2,455.5 | 2,882.5 | 3,038.4 | 3,382.0 | 3,272.0 | 3,446.2 | 3,442.6 |
|
2. Short-term prepayments to suppliers
|
413.4 | 453.7 | 483.4 | 330.1 | 240.4 | 411.7 | 180.0 | 209.0 | 184.2 | 283.1 | 283.5 | 427.3 |
|
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
|
696.5 | 845.4 | 593.7 | 422.2 | 416.7 | 342.4 | 249.7 | 334.2 | 250.8 | 504.6 | 305.9 | 398.8 |
|
5. Short-term loan receivables
|
— | — | — | — | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 46.9 | 73.8 |
|
6. Other short-term receivables
|
582.2 | 543.2 | 369.6 | 379.9 | 328.3 | 301.7 | 329.5 | 608.2 | 391.5 | 495.3 | 468.2 | 562.1 |
|
7. Provision for short-term doubtful debts (*)
|
-580.7 | -490.8 | -494.0 | -468.2 | -468.6 | -490.2 | -490.6 | -429.0 | -431.7 | -258.3 | -259.0 | -207.4 |
|
8. Assets awaiting resolution
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
1,523.6 | 1,291.2 | 1,240.8 | 1,390.3 | 1,276.8 | 1,229.4 | 1,351.6 | 1,408.6 | 1,353.8 | 1,328.1 | 1,384.1 | 1,412.3 |
|
1. Inventories
|
1,583.0 | 1,387.2 | 1,337.5 | 1,487.9 | 1,379.2 | 1,317.7 | 1,440.5 | 1,501.1 | 1,408.7 | 1,347.4 | 1,403.5 | 1,432.1 |
|
2. Provision for decline in value of inventories
|
-59.4 | -96.1 | -96.7 | -97.6 | -102.4 | -88.2 | -88.9 | -92.4 | -54.9 | -19.3 | -19.3 | -19.8 |
|
V. Other short-term assets
|
290.4 | 260.3 | 194.6 | 199.7 | 183.6 | 188.5 | 209.2 | 236.5 | 236.3 | 220.7 | 224.8 | 231.4 |
|
1. Short-term prepayments
|
14.9 | 24.5 | 20.8 | 30.5 | 14.6 | 24.0 | 20.2 | 29.2 | 19.2 | 22.2 | 15.4 | 24.0 |
|
2. Value added tax to be reclaimed
|
256.1 | 210.9 | 150.1 | 147.5 | 155.7 | 152.6 | 177.7 | 193.5 | 197.7 | 192.4 | 203.4 | 200.1 |
|
3. Taxes and other receivables from state authorities
|
19.4 | 24.9 | 23.7 | 21.8 | 13.4 | 11.9 | 11.4 | 13.8 | 19.3 | 6.1 | 6.0 | 7.3 |
|
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)
|
26,375.5 | 25,906.8 | 25,100.7 | 24,948.4 | 25,075.0 | 25,021.6 | 25,181.8 | 25,155.5 | 25,388.0 | 25,222.0 | 25,341.1 | 25,275.4 |
|
I. Long-term receivables
|
107.7 | 105.8 | 105.8 | 106.1 | 37.7 | 37.5 | 37.4 | 31.2 | 18.2 | 18.1 | 32.4 | 19.6 |
|
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
|
— | 0.8 | 0.8 | 1.2 | 1.2 | 0.1 | 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
|
72.9 | 72.9 | 72.9 | 72.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
|
6. Other long-term receivables
|
34.7 | 32.1 | 32.0 | 32.0 | 36.4 | 37.4 | 37.4 | 31.2 | 18.2 | 18.1 | 32.4 | 19.5 |
|
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
|
14,129.6 | 14,386.5 | 14,257.2 | 13,801.3 | 13,961.3 | 14,196.0 | 14,439.1 | 14,662.8 | 14,916.5 | 15,158.0 | 15,423.1 | 15,604.3 |
|
1. Tangible fixed assets
|
14,059.1 | 14,317.2 | 14,186.7 | 13,731.6 | 13,890.3 | 14,127.4 | 14,369.6 | 14,592.5 | 14,845.2 | 15,088.0 | 15,352.5 | 15,533.5 |
|
- Cost
|
— | — | — | — | 22,462.8 | 22,445.5 | 22,423.2 | 22,378.4 | 22,367.2 | 22,346.5 | 22,340.4 | 22,254.6 |
|
- Accumulated depreciation
|
— | — | — | — | -8,572.4 | -8,318.1 | -8,053.5 | -7,785.9 | -7,521.9 | -7,258.4 | -6,987.9 | -6,721.1 |
|
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
|
70.4 | 69.3 | 70.5 | 69.8 | 71.0 | 68.6 | 69.5 | 70.4 | 71.3 | 69.9 | 70.6 | 70.8 |
|
- 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
|
2,478.0 | 2,406.5 | 2,454.0 | 2,495.9 | 2,542.4 | 2,590.2 | 2,638.0 | 1,317.1 | 1,345.4 | 1,373.8 | 1,400.1 | 1,428.4 |
|
- 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
|
2,433.2 | 1,826.3 | 1,042.9 | 1,470.5 | 1,452.5 | 1,093.2 | 1,007.0 | 1,986.3 | 1,607.8 | 965.2 | 766.8 | 594.8 |
|
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
|
2,433.2 | 1,826.3 | 1,042.9 | 1,470.5 | 1,452.5 | 1,093.2 | 1,007.0 | 1,986.3 | 1,607.8 | 965.2 | 766.8 | 594.8 |
|
V. Long-term financial investments
|
6,311.8 | 6,310.3 | 6,385.8 | 6,214.9 | 6,198.5 | 6,221.6 | 6,162.1 | 6,234.2 | 6,560.5 | 6,779.3 | 6,783.6 | 6,680.5 |
|
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
|
6,046.0 | 6,044.4 | 6,120.0 | 5,949.1 | 5,932.7 | 5,955.8 | 5,896.3 | 5,947.7 | 6,273.9 | 6,462.7 | 6,467.1 | 6,364.0 |
|
3. Investments in other entities
|
265.8 | 265.8 | 265.8 | 265.8 | 265.8 | 265.8 | 265.8 | 286.5 | 286.5 | 286.5 | 286.5 | 286.5 |
|
4. Provision for diminution in value of long-term investments
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 30.0 | 30.0 | 30.0 |
|
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
|
915.2 | 871.4 | 855.1 | 859.7 | 882.5 | 883.1 | 898.1 | 428.5 | 426.8 | 397.1 | 386.9 | 382.0 |
|
1. Long-term prepayments
|
362.0 | 352.8 | 355.9 | 350.7 | 356.7 | 349.4 | 337.9 | 343.1 | 347.0 | 340.9 | 330.5 | 325.1 |
|
2. Deferred income tax assets
|
127.6 | 82.9 | 82.6 | 74.8 | 74.1 | 64.3 | 73.2 | 76.1 | 70.5 | 46.9 | 47.0 | 47.4 |
|
3. Long-term equipment, supplies, spare parts
|
9.8 | 7.8 | 9.2 | 9.2 | 9.2 | 9.3 | 9.3 | 9.3 | 9.3 | 9.3 | 9.4 | 9.5 |
|
4. Other long-term assets
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Goodwill
|
415.8 | 427.8 | 407.4 | 425.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
— | — | — | — | 442.6 | 460.2 | 477.8 | 495.4 | 513.0 | 530.6 | 548.2 | 565.7 |
|
TOTAL ASSETS (280=100+200)
|
40,075.9 | 38,266.0 | 37,036.5 | 36,889.4 | 36,360.9 | 35,648.7 | 34,746.4 | 35,140.8 | 34,910.3 | 34,589.1 | 34,272.2 | 34,321.9 |
|
A. LIABILITIES (300=210+330)
|
15,279.6 | 14,101.0 | 13,547.4 | 13,661.9 | 13,905.7 | 13,860.7 | 13,493.5 | 14,286.4 | 14,140.0 | 14,072.4 | 14,212.9 | 14,524.1 |
|
I. Short -term liabilities
|
5,148.6 | 4,277.0 | 4,096.6 | 3,963.3 | 4,052.3 | 3,497.0 | 4,000.5 | 4,014.0 | 3,936.1 | 4,519.8 | 3,941.0 | 3,835.2 |
|
1. Short-term trade accounts payable
|
1,257.7 | 845.0 | 730.1 | 659.6 | 724.0 | 614.8 | 757.5 | 642.4 | 622.1 | 473.5 | 565.4 | 409.4 |
|
2. Short-term advances from customers
|
1,187.4 | 1,021.8 | 976.2 | 1,086.6 | 999.0 | 988.4 | 886.7 | 697.7 | 705.7 | 826.4 | 820.1 | 865.2 |
|
3. Taxes and other payables to state authorities
|
315.2 | 335.3 | 286.2 | 181.7 | 170.5 | 230.7 | 153.3 | 111.7 | 199.2 | 311.3 | 294.3 | 221.0 |
|
4. Payable to employees
|
98.4 | 24.9 | 23.2 | 32.0 | 60.0 | 29.3 | 26.1 | 15.7 | 59.6 | 24.5 | 32.5 | 28.4 |
|
5. Short-term acrrued expenses
|
693.3 | 646.3 | 602.5 | 520.9 | 638.4 | 561.0 | 628.1 | 546.8 | 631.6 | 590.2 | 501.6 | 514.6 |
|
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
|
5.3 | 16.8 | 10.7 | 18.5 | 4.6 | 10.0 | 7.4 | 16.9 | 2.1 | 5.7 | 5.6 | 13.3 |
|
9. Other short-term payables
|
96.8 | 98.4 | 100.9 | 164.9 | 181.1 | 108.5 | 365.6 | 833.3 | 472.2 | 278.8 | 488.6 | 599.2 |
|
10. Short-term borrowings and financial leases
|
1,472.6 | 1,264.6 | 1,333.3 | 1,264.8 | 1,244.3 | 940.2 | 1,159.3 | 1,135.1 | 1,232.8 | 1,992.5 | 1,212.8 | 1,160.9 |
|
11. Provision for short-term liabilities
|
11.7 | 10.8 | 16.5 | 18.4 | 23.1 | 4.6 | 4.8 | 5.0 | 5.6 | 6.2 | 6.6 | 7.7 |
|
12.. Bonus and welfare fund
|
10.3 | 13.1 | 17.1 | 16.0 | 7.3 | 9.6 | 11.8 | 9.4 | 5.2 | 10.5 | 13.3 | 15.4 |
|
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
|
10,131.1 | 9,824.0 | 9,450.8 | 9,698.6 | 9,853.4 | 10,363.7 | 9,493.0 | 10,272.4 | 10,203.9 | 9,552.6 | 10,272.0 | 10,688.9 |
|
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
|
— | — | — | — | 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 |
|
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
|
— | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.0 | 0.1 | 0.3 | 0.5 | 0.7 | 0.9 |
|
7. Other long-term liabilities
|
508.0 | 502.1 | 483.6 | 469.8 | 466.3 | 466.2 | 471.2 | 467.7 | 452.0 | 453.6 | 455.4 | 456.9 |
|
8. Long-term borrowings and financial leases
|
9,379.7 | 9,081.4 | 8,728.0 | 8,992.7 | 9,152.7 | 9,647.0 | 8,773.3 | 9,561.9 | 9,510.0 | 8,857.9 | 9,580.5 | 10,000.6 |
|
9. Convertible bonds
|
— | — | — | — | 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
|
188.9 | 188.9 | 188.9 | 188.9 | 188.9 | 189.1 | 189.1 | 189.1 | 189.1 | 189.1 | 189.1 | 189.1 |
|
12. Provision for long-term liabilities
|
54.5 | 51.6 | 50.1 | 47.1 | 45.3 | 61.2 | 59.4 | 53.6 | 52.4 | 51.5 | 46.2 | 41.4 |
|
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)
|
24,796.3 | 24,165.0 | 23,489.0 | 23,227.5 | 22,455.2 | 21,788.0 | 21,252.9 | 20,854.4 | 20,770.3 | 20,516.7 | 20,059.3 | 19,797.8 |
|
I. Owner's equity
|
24,796.3 | 24,165.0 | 23,489.0 | 23,227.5 | 22,455.2 | 21,788.0 | 21,252.9 | 20,854.4 | 20,770.3 | 20,516.7 | 20,059.3 | 19,797.8 |
|
1. Owner's capital
|
5,416.6 | 5,416.6 | 5,416.6 | 4,710.1 | 4,710.1 | 4,710.1 | 4,710.1 | 4,097.1 | 4,097.1 | 4,097.1 | 4,097.1 | 3,564.1 |
|
- Common stock with voting right
|
5,416.6 | 5,416.6 | 5,416.6 | 4,710.1 | 4,710.1 | 4,710.1 | 4,710.1 | 4,097.1 | 4,097.1 | 4,097.1 | 4,097.1 | 3,564.1 |
|
- Preferred stock
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
1,012.9 | 1,012.9 | 1,012.9 | 1,012.9 | 1,012.9 | 1,012.9 | 1,050.5 | 1,050.5 | 1,050.5 | 1,050.5 | 1,050.5 | 1,050.5 |
|
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 | -47.6 | -47.6 | -47.6 | -47.6 | -47.6 | -47.6 |
|
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
|
413.0 | 415.6 | 415.6 | 415.6 | 415.6 | 415.6 | 415.6 | 415.6 | 415.6 | 234.7 | 234.7 | 234.7 |
|
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
|
14,103.3 | 13,481.3 | 12,807.1 | 13,367.0 | 12,761.3 | 12,082.0 | 11,609.0 | 11,870.8 | 11,803.3 | 11,480.5 | 11,030.9 | 11,075.2 |
|
- Accumulated retained earning at the end of the previous period
|
11,574.7 | 11,572.2 | 11,572.2 | 12,755.6 | 10,766.9 | 10,766.9 | 10,773.7 | 11,390.3 | 9,615.5 | 9,796.4 | 9,796.4 | 10,330.1 |
|
- Undistributed earnings in this period
|
2,528.6 | 1,909.1 | 1,234.9 | 611.4 | 1,994.4 | 1,315.1 | 835.2 | 480.5 | 2,187.9 | 1,684.1 | 1,234.5 | 745.1 |
|
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
|
3,850.4 | 3,838.6 | 3,836.8 | 3,721.9 | 3,555.2 | 3,567.4 | 3,515.3 | 3,467.9 | 3,451.4 | 3,701.5 | 3,693.7 | 3,921.0 |
|
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)
|
40,075.9 | 38,266.0 | 37,036.5 | 36,889.4 | 36,360.9 | 35,648.7 | 34,746.4 | 35,140.8 | 34,910.3 | 34,589.1 | 34,272.2 | 34,321.9 |
| 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
|
866.9 | 925.5 | 829.3 | 898.1 | 984.5 | 633.5 | 473.7 | 598.8 | 681.0 | 526.2 | 696.7 | 1,152.2 |
|
Depreciation of Fixed Assets and Investment Property
|
338.1 | 364.2 | 346.0 | 336.7 | 335.6 | 335.6 | 314.6 | 313.0 | 312.4 | 317.1 | 316.8 | 317.6 |
|
Provision (Increase)/Reversal
|
56.7 | -9.6 | 27.2 | -8.0 | -4.7 | 0.5 | 63.6 | 35.5 | 209.0 | 4.2 | 54.9 | -0.8 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-9.1 | 4.4 | 22.0 | 11.7 | -6.0 | -7.0 | 6.0 | 8.9 | -19.7 | 45.0 | 6.3 | 3.0 |
|
Gain/Loss from Investment Activities
|
-334.2 | -321.9 | -343.9 | -214.9 | -356.6 | -263.1 | -195.6 | -186.2 | -346.2 | -242.2 | -235.0 | -260.3 |
|
Interest Expense
|
171.2 | 177.8 | 174.8 | 167.7 | 182.0 | 181.6 | 185.4 | 192.7 | 217.4 | 228.7 | 247.5 | 249.2 |
|
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
|
1,089.6 | 1,140.4 | 1,055.4 | 1,191.2 | 1,134.8 | 881.1 | 847.8 | 962.7 | 1,053.9 | 878.9 | 1,087.1 | 1,461.0 |
|
Increase/(Decrease) in Receivables
|
-283.0 | -144.8 | -105.8 | -452.7 | -117.5 | 207.4 | 254.4 | 357.1 | 268.8 | -5.0 | 211.7 | -696.7 |
|
Increase/(Decrease) in Inventory
|
-196.3 | -49.8 | 150.5 | -108.8 | -61.5 | 122.8 | 60.6 | -92.3 | -61.2 | 58.2 | 26.5 | -3.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
637.8 | 183.3 | -14.1 | 1.8 | 113.5 | -92.3 | 343.7 | -98.9 | -23.4 | 39.7 | 124.8 | -278.2 |
|
Increase/(Decrease) in Prepaid Expenses
|
-1.0 | 0.8 | 4.5 | -9.6 | 2.1 | -15.2 | 11.1 | -2.9 | -3.2 | -17.0 | 3.2 | -4.8 |
|
Changes in Trading Securities
|
— | — | — | — | 201.6 | -14.2 | -26.8 | -174.4 | 327.8 | -114.2 | -197.1 | 53.7 |
|
Interest Paid
|
-121.0 | -212.5 | -138.9 | -206.9 | -142.8 | -233.3 | -136.3 | -224.5 | -189.5 | -246.5 | -279.7 | -275.0 |
|
Corporate Income Tax Paid
|
-142.0 | -66.5 | -19.1 | -102.9 | -134.5 | -9.7 | -45.7 | -89.2 | -140.1 | -52.0 | -10.5 | -168.9 |
|
Other Operating Receipts
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-3.5 | -5.0 | -3.5 | -4.4 | -2.3 | -1.8 | -4.0 | -1.6 | -5.3 | -7.5 | 1.6 | -1.2 |
|
Net Cash Flow from Operating Activities
|
1,076.4 | 598.0 | 728.6 | 307.8 | 993.4 | 844.8 | 1,304.9 | 636.0 | 1,227.9 | 534.5 | 967.7 | 86.7 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-825.2 | -697.8 | -275.1 | -224.3 | -324.4 | -165.2 | -288.0 | -267.3 | -371.2 | -228.4 | -130.3 | -142.6 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
-3.6 | 11.3 | 3.5 | 2.4 | 3.1 | 0.6 | 3.2 | 0.4 | 1.6 | -4.9 | 5.4 | 13.3 |
|
Loans and Purchases of Debt Instruments
|
-2,328.2 | -1,384.4 | -816.5 | -347.8 | -313.1 | 18.5 | -115.9 | -12.0 | -288.8 | -54.3 | -184.1 | -171.5 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
1,231.7 | 0.0 | 301.4 | 32.3 | 170.4 | 40.0 | 239.1 | 59.1 | 295.2 | 189.1 | 308.1 | 578.0 |
|
Investments in Other Entities
|
— | — | — | — | -7.0 | -45.1 | -5.3 | -229.6 | -144.0 | -0.9 | -133.7 | 0.0 |
|
Proceeds from Investments in Other Entities
|
24.9 | 50.7 | 0.6 | 57.5 | -6.0 | 18.7 | 117.5 | 7.0 | 0.2 | 9.9 | 21.8 | 0.0 |
|
Dividends and Interest Income Received
|
335.3 | 282.0 | 206.0 | 128.0 | 364.3 | 301.8 | 397.1 | 256.4 | 506.1 | 230.7 | 182.8 | 155.1 |
|
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
|
-1,736.0 | -1,887.4 | -580.1 | -352.0 | -112.7 | 169.3 | 347.6 | -185.9 | -1.1 | 141.1 | 70.0 | 432.3 |
|
Proceeds from Equity Issuance and Capital Contributions
|
— | — | — | — | 0.0 | 10.1 | 0.0 | 17.6 | -1,350.8 | 1,350.8 | 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
|
1,337.2 | 978.2 | 511.9 | 398.6 | 487.7 | 1,322.3 | 423.3 | 1,276.5 | 4,852.6 | -2,759.8 | 381.8 | 413.9 |
|
Repayment of Borrowings
|
-846.3 | -965.6 | -758.0 | -521.2 | -672.6 | -664.7 | -1,222.9 | -1,333.0 | -3,589.8 | 1,417.4 | -759.9 | -657.5 |
|
Repayment of Finance Leases
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends Paid
|
354.9 | -146.9 | -534.0 | -143.4 | -128.9 | -288.6 | -496.6 | -114.5 | -201.4 | -219.0 | -434.9 | -31.1 |
|
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
|
349.2 | -134.3 | -780.1 | -180.3 | -313.8 | 379.0 | -1,296.2 | -153.3 | -289.3 | -210.5 | -813.0 | -274.8 |
|
Net Cash Flow During the Period
|
-310.3 | -1,423.7 | -631.6 | -224.5 | 566.9 | 1,393.1 | 356.2 | 296.8 | 937.5 | 465.1 | 224.7 | 244.2 |
|
Cash and Cash Equivalents at Beginning of Period
|
3,356.1 | 4,779.9 | 5,411.4 | 5,635.9 | 3,022.8 | 3,022.8 | 3,022.8 | 3,022.8 | 1,151.3 | 1,151.3 | 1,151.3 | 1,151.3 |
|
FX Difference from Revaluation
|
0.0 | 0.0 | 0.0 | 0.0 | -0.0 | 0.3 | -0.2 | 0.0 | -0.0 | -0.0 | 0.0 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
3,045.8 | 3,356.1 | 4,779.9 | 5,411.4 | 5,635.9 | 5,069.0 | 3,675.6 | 3,319.6 | 3,022.8 | 2,085.3 | 1,620.2 | 1,395.5 |
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