The PAN Group JSC Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Jun'24

Net Sales

43,03,330.76

51,38,101.34

40,64,494.45

41,19,497.81

42,66,659.03

50,83,890.82

33,78,074.69

Other Operating Income

0.00

Total Operating income

43,03,330.76

51,38,101.34

40,64,494.45

41,19,497.81

42,66,659.03

50,83,890.82

33,78,074.69

Raw Material Cost

34,19,247.01

41,26,691.82

32,91,426.72

34,36,094.76

31,90,287.50

41,07,680.73

26,87,694.52

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

1,08,808.50

1,24,150.10

1,66,507.58

1,32,132.30

1,34,335.15

2,42,883.09

1,13,294.84

Selling and Distribution Expenses

3,53,782.85

7,17,399.79

4,98,467.17

4,93,197.24

6,61,661.59

6,70,326.53

4,46,762.52

Other Expenses

-10,880.85

-12,415.01

-16,650.76

-13,213.23

-13,433.51

-24,288.31

-11,329.48

Total Expenditure (Excl Depreciation)

37,73,029.86

48,44,091.61

37,89,893.90

39,29,292.00

38,51,949.08

47,78,007.25

31,34,457.04

Operating Profit (PBDIT) excl Other Income

530300.8999999999

294009.7

274600.60000000003

190205.80000000002

414709.89999999997

305883.6

243617.59999999998

Other Income

1,06,331.82

1,34,991.08

2,00,330.98

1,78,057.39

2,25,848.84

2,98,464.17

1,25,429.94

Operating Profit (PBDIT)

6,36,632.73

5,31,868.65

6,11,779.01

5,08,937.45

7,52,993.23

7,27,167.41

5,12,835.38

Interest

1,08,808.50

1,24,150.10

1,66,507.58

1,32,132.30

1,34,335.15

2,42,883.09

1,13,294.84

Exceptional Items

0.00

Gross Profit (PBDT)

8,84,083.75

10,11,409.52

7,73,067.73

6,83,403.05

10,76,371.53

9,76,210.09

6,90,380.17

Depreciation

0.00

1,02,867.84

1,36,847.48

1,40,674.26

1,12,434.44

1,22,819.67

1,43,787.79

Profit Before Tax

5,27,824.22

3,04,850.71

3,08,423.96

2,36,130.89

5,06,223.64

3,61,464.64

2,55,752.75

Tax

79,600.56

38,471.81

43,716.81

41,924.54

79,027.41

17,737.09

54,793.42

Provisions and contingencies

0.00

Profit After Tax

2,69,338.30

1,56,192.90

1,39,991.38

1,07,672.92

2,31,157.54

1,86,764.91

85,277.38

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

2,69,338.30

1,56,192.90

1,39,991.38

1,07,672.92

2,31,157.54

1,86,764.91

85,277.38

Share in Profit of Associates

0.00

Minority Interest

1,78,885.36

1,10,186.00

1,24,715.77

86,533.44

1,96,038.68

1,56,962.63

1,15,681.95

Other related items

0.00

Consolidated Net Profit

4,48,223.66

2,66,378.90

2,64,707.15

1,94,206.36

4,27,196.22

3,43,727.55

2,00,959.33

Equity Capital

0.00

Face Value

0.0

10000.0

Reserves

53,41,442.37

50,84,309.70

52,55,400.64

51,56,529.07

50,69,986.97

49,53,355.85

47,69,620.55

Earnings per share (EPS)

1289.0

747.71

670.15

515.44

1106.57

894.06

408.23

Diluted Earnings per share

1289.0

747.71

670.15

515.44

1106.57

894.06

408.23

Operating Profit Margin (Excl OI)

12.32%

5.72%

6.76%

4.62%

9.72%

6.02%

7.21%

Gross Profit Margin

12.27%

7.94%

10.96%

9.15%

14.5%

9.53%

11.83%

PAT Margin

6.26%

3.04%

3.44%

2.61%

5.42%

3.67%

2.52%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - YoY

Net Sales

YoY Growth in quarter ended Dec 2025 is 0.86% vs 1.67% in Dec 2024

Consolidate Net Profit

YoY Growth in quarter ended Dec 2025 is 4.92% vs 17.70% in Dec 2024

Operating Profit (PBDIT) excl Other Income

YoY Growth in quarter ended Dec 2025 is 0.60% vs 1.45% in Dec 2024

Interest

YoY Growth in quarter ended Dec 2025 is -19.00% vs -10.70% in Dec 2024

Operating Profit Margin (Excl OI)

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

Compare Quarterly Results Of The PAN Group JSC With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(VND)

Change(%)

Net Sales

43,03,330.76

2,53,845.11

40,49,485.65

1,595.26%

Other Operating Income

0.00

Total Operating income

43,03,330.76

2,53,845.11

40,49,485.65

1,595.26%

Raw Material Cost

34,19,247.01

2,14,963.42

32,04,283.59

1,490.62%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

93,565.40

-93,565.40

-100.00%

Power Cost

0.00

Manufacturing Expenses

1,08,808.50

2,097.03

1,06,711.47

5,088.70%

Selling and Distribution Expenses

3,53,782.85

32,382.68

3,21,400.17

992.51%

Other Expenses

-10,880.85

-9,566.24

-1,314.61

-13.74%

Total Expenditure (Excl Depreciation)

37,73,029.86

2,47,346.10

35,25,683.76

1,425.41%

Operating Profit (PBDIT) excl Other Income

5,30,300.90

6,499.00

5,23,801.90

8,059.73%

Other Income

1,06,331.82

11,043.14

95,288.68

862.88%

Operating Profit (PBDIT)

6,36,632.73

28,296.34

6,08,336.39

2,149.88%

Interest

1,08,808.50

2,097.03

1,06,711.47

5,088.70%

Exceptional Items

0.00

Gross Profit (PBDT)

8,84,083.75

38,881.69

8,45,202.06

2,173.78%

Depreciation

0.00

11,351.52

-11,351.52

-100.00%

Profit Before Tax

5,27,824.22

14,847.79

5,12,976.43

3,454.90%

Tax

79,600.56

1,409.18

78,191.38

5,548.71%

Provisions and contingencies

0.00

Profit After Tax

2,69,338.30

13,207.28

2,56,131.02

1,939.32%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

2,69,338.30

13,207.28

2,56,131.02

1,939.32%

Share in Profit of Associates

0.00

Minority Interest

1,78,885.36

231.33

1,78,654.03

77,229.08%

Other related items

0.00

Consolidated Net Profit

4,48,223.66

13,438.61

4,34,785.05

3,235.34%

Equity Capital

0.00

Face Value

0.00

10,000.00

0.00

Reserves

53,41,442.37

12,86,557.69

40,54,884.68

315.17%

Earnings per share (EPS)

1,289.00

195.59

1,093.41

559.03%

Diluted Earnings per share

1,289.00

195.59

1,093.41

559.03%

Operating Profit Margin (Excl OI)

12.32%

2.32%

0.00

10.00%

Gross Profit Margin

12.27%

10.32%

0.00

1.95%

PAT Margin

6.26%

5.20%

0.00

1.06%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 4,30,333.08 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -16.25% vs 26.41% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 0.86% vs 1.67% in Dec 2024

Quarterly - Consolidate Net Profit

Consolidate Net Profit 44,822.37 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 68.27% vs 0.63% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 4.92% vs 17.70% in Dec 2024

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 53,030.09 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 33.62% vs -3.54% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 0.60% vs 1.45% in Dec 2024

Quarterly - Interest

Interest 10,880.85 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -12.36% vs -25.44% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -19.00% vs -10.70% in Dec 2024

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 12.32%

in Dec 2025

Figures in %

QoQ Growth in quarter ended Dec 2025 has improved from Sep 2025

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