The PAN Group JSC Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'25

Dec'24

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Net Sales

1,75,86,220.70

1,61,81,632.41

1,32,04,596.69

1,36,55,102.99

92,48,572.47

83,29,251.25

78,12,755.28

Other Operating Income

0.00

Total Operating income

1,75,86,220.70

1,61,81,632.41

1,32,04,596.69

1,36,55,102.99

92,48,572.47

83,29,251.25

78,12,755.28

Raw Material Cost

1,41,97,745.30

1,29,81,698.61

1,07,52,229.22

1,11,22,770.54

76,66,579.03

69,24,722.47

62,70,989.30

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

19,70,274.36

20,09,599.50

11,59,024.55

12,66,523.60

9,65,048.18

8,97,941.73

10,86,144.79

Power Cost

0.00

Manufacturing Expenses

4,47,694.42

5,11,969.51

5,19,746.44

2,90,247.12

2,41,534.83

2,70,947.68

1,71,672.79

Selling and Distribution Expenses

21,09,119.94

20,37,951.77

15,12,871.64

16,59,145.42

11,31,090.76

10,68,301.16

10,65,652.86

Other Expenses

-2,41,796.88

-2,52,156.90

-1,67,877.10

-1,55,677.07

-1,20,658.30

-1,16,888.94

-1,25,781.76

Total Expenditure (Excl Depreciation)

1,63,06,865.24

1,50,19,650.38

1,22,65,100.87

1,27,81,915.96

87,97,669.78

79,93,023.63

73,36,642.15

Operating Profit (PBDIT) excl Other Income

1279355.5

1161982

939495.8

873187

450902.69999999995

336227.60000000003

476113.1

Other Income

5,32,323.79

7,03,165.26

5,36,262.08

3,49,418.07

2,58,675.34

3,28,716.77

2,11,181.24

Operating Profit (PBDIT)

23,15,760.25

23,83,761.56

19,56,676.03

16,46,007.19

11,02,285.71

10,54,429.28

10,05,969.65

Interest

4,47,694.42

5,11,969.51

5,19,746.44

2,90,247.12

2,41,534.83

2,70,947.68

1,71,672.79

Exceptional Items

0.00

93,861.39

1,476.70

0.00

Gross Profit (PBDT)

33,88,475.40

31,99,933.80

24,52,367.46

25,32,332.45

15,81,993.44

14,04,528.78

15,41,765.98

Depreciation

5,04,081.00

5,18,614.27

4,80,918.14

4,23,402.09

3,92,707.69

3,89,484.89

3,18,675.29

Profit Before Tax

13,63,984.83

13,53,177.78

9,56,011.45

9,32,357.98

5,61,904.58

3,95,473.41

5,15,621.58

Tax

1,98,953.05

1,86,109.67

1,38,894.12

1,38,055.70

49,885.41

62,249.91

63,642.96

Provisions and contingencies

0.00

Profit After Tax

6,40,737.69

5,64,879.20

4,05,921.47

3,73,968.53

2,31,976.73

1,88,301.31

2,57,363.19

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

6,40,737.69

5,64,879.20

4,05,921.47

3,73,968.53

2,31,976.73

1,88,301.31

2,57,363.19

Share in Profit of Associates

0.00

Minority Interest

4,92,366.80

5,58,179.03

4,11,195.87

4,20,333.74

2,14,596.70

1,44,922.19

1,94,615.44

Other related items

0.00

Consolidated Net Profit

11,33,104.50

11,23,058.23

8,17,117.34

7,94,302.28

4,46,573.43

3,33,223.50

4,51,978.62

Equity Capital

0.00

Face Value

10000.0

Reserves

53,42,197.44

50,69,986.97

47,87,365.82

44,92,125.16

41,27,902.90

37,41,318.80

37,87,703.99

Earnings per share (EPS)

2556.06

2253.44

1619.32

1491.85

925.41

759.72

991.86

Diluted Earnings per share

2556.06

2253.44

1619.32

1491.85

925.41

759.72

991.86

Operating Profit Margin (Excl OI)

7.27%

7.18%

7.11%

6.39%

4.88%

4.04%

6.09%

Gross Profit Margin

10.62%

11.57%

10.88%

9.93%

10.32%

9.42%

10.68%

PAT Margin

3.64%

3.49%

3.07%

2.74%

2.51%

2.26%

3.29%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2025 is 8.68% vs 22.55% in Dec 2024

Consolidate Net Profit

YoY Growth in year ended Dec 2025 is 0.89% vs 37.44% in Dec 2024

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2025 is 6.12% vs 18.32% in Dec 2024

Interest

YoY Growth in year ended Dec 2025 is -12.55% vs -1.50% in Dec 2024

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2025 has improved from Dec 2024

Compare Annual Results Of The PAN Group JSC With

Select Peers

Figures in Million

Consolidate Annual Results

Change(VND)

Change(%)

Net Sales

1,75,86,220.70

13,34,591.66

1,62,51,629.04

1,217.72%

Other Operating Income

0.00

Total Operating income

1,75,86,220.70

13,34,591.66

1,62,51,629.04

1,217.72%

Raw Material Cost

1,41,97,745.30

11,43,257.50

1,30,54,487.80

1,141.87%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

19,70,274.36

4,85,142.08

14,85,132.28

306.12%

Power Cost

0.00

Manufacturing Expenses

4,47,694.42

5,119.11

4,42,575.31

8,645.55%

Selling and Distribution Expenses

21,09,119.94

1,37,672.44

19,71,447.50

1,431.98%

Other Expenses

-2,41,796.88

-49,026.12

-1,92,770.76

-393.20%

Total Expenditure (Excl Depreciation)

1,63,06,865.24

12,80,929.94

1,50,25,935.30

1,173.05%

Operating Profit (PBDIT) excl Other Income

12,79,355.46

53,661.72

12,25,693.74

2,284.11%

Other Income

5,32,323.79

64,783.41

4,67,540.38

721.70%

Operating Profit (PBDIT)

23,15,760.25

1,62,244.93

21,53,515.32

1,327.32%

Interest

4,47,694.42

5,119.11

4,42,575.31

8,645.55%

Exceptional Items

0.00

Gross Profit (PBDT)

33,88,475.40

1,91,334.16

31,97,141.24

1,670.97%

Depreciation

5,04,081.00

45,849.67

4,58,231.33

999.42%

Profit Before Tax

13,63,984.83

1,11,276.16

12,52,708.67

1,125.77%

Tax

1,98,953.05

15,664.79

1,83,288.26

1,170.07%

Provisions and contingencies

0.00

Profit After Tax

6,40,737.69

94,635.70

5,46,101.99

577.06%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

6,40,737.69

94,635.70

5,46,101.99

577.06%

Share in Profit of Associates

0.00

Minority Interest

4,92,366.80

975.68

4,91,391.12

50,363.96%

Other related items

0.00

Consolidated Net Profit

11,33,104.50

95,611.37

10,37,493.13

1,085.11%

Equity Capital

0.00

Face Value

10,000.00

0.00

Reserves

53,42,197.44

12,72,923.16

40,69,274.28

319.68%

Earnings per share (EPS)

2,556.06

1,401.47

1,154.59

82.38%

Diluted Earnings per share

2,556.06

1,401.47

1,154.59

82.38%

Operating Profit Margin (Excl OI)

7.27%

3.87%

0.00

3.40%

Gross Profit Margin

10.62%

11.77%

0.00

-1.15%

PAT Margin

3.64%

7.09%

0.00

-3.45%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 17,58,622.07 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is 8.68% vs 22.55% in Dec 2024

Annual - Consolidate Net Profit

Consolidate Net Profit 1,13,310.45 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is 0.89% vs 37.44% in Dec 2024

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 1,78,343.65 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is 6.12% vs 18.32% in Dec 2024

Annual - Interest

Interest 44,769.44 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is -12.55% vs -1.50% in Dec 2024

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 7.27%

in Dec 2025

Figures in %

YoY Growth in year ended Dec 2025 has improved from Dec 2024