Income Statement Porsche Automobil Holding SE

Equities

PAH3

DE000PAH0038

Auto & Truck Manufacturers

Market Closed - Xetra Other stock markets 09:05:25 14/05/2026 pm IST			After hours 10:52:42 pm
32.14 ^EUR	+0.53%		32.13	-0.03%

13/05	Porsche Automobil Holding SE Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
13/05	Porsche SE urges VW business to overhaul as carmaker's struggles hit Q1 profit	RE

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Published financial data: PORSCHE AUTOMOBIL HOLDING SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	-	-	-	-	-
Total Revenues	-	-	-	-	-
Cost of Goods Sold, Total	-	-	-	-	-
Gross Profit	-	-	-	-	-
Selling General & Admin Expenses, Total	1.6Cr	1.8Cr	1.8Cr	1.8Cr	2.9Cr
Depreciation & Amortization - (IS)	10L	10L	10L	10L	10L
Other Operating Expenses	2.5Cr	-16Cr	-20Cr	1.2Cr	2.2Cr
Other Operating Expenses, Total	4.2Cr	-14Cr	-18Cr	3.1Cr	5.2Cr
Operating Income	-4.2Cr	14Cr	18Cr	-3.1Cr	-5.2Cr
Interest Expense, Total	-60L	-6.4Cr	-29Cr	-36Cr	-31Cr
Interest And Investment Income	-	-	2.4Cr	7.8Cr	6.1Cr
Net Interest Expenses	-60L	-6.4Cr	-26Cr	-28Cr	-25Cr
Income (Loss) On Equity Invest.	463.1Cr	453.3Cr	522.9Cr	-1.99TCr	274.3Cr
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	0	70L	-50L	4Cr	10L
EBT, Excl. Unusual Items	458.3Cr	461.2Cr	514.4Cr	-2.01TCr	244.2Cr
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-1.7Cr	10L	0	-1.6Cr	20Cr
Gain (Loss) On Sale Of Assets	-	2.2Cr	-	-	-
EBT, Incl. Unusual Items	456.6Cr	463.5Cr	514.4Cr	-2.02TCr	264.6Cr
Income Tax Expense	30L	-5.6Cr	4.8Cr	-13Cr	-50L
Earnings From Continuing Operations	456.3Cr	469.1Cr	509.6Cr	-2TCr	265.1Cr
Earnings Of Discontinued Operations	30L	9.6Cr	-	-	-
Net Income to Company	456.6Cr	478.7Cr	509.6Cr	-2TCr	265.1Cr
Net Income - (IS)	456.6Cr	478.7Cr	509.6Cr	-2TCr	265.1Cr
Net Income to Common Incl Extra Items	456.6Cr	478.7Cr	509.6Cr	-2TCr	265.1Cr
Net Income to Common Excl. Extra Items	456.3Cr	469.1Cr	509.6Cr	-2TCr	265.1Cr
Per Share Items
Net EPS - Basic	14.91	15.63	16.64	-65.36	8.66
Basic EPS - Continuing Operations	14.9	15.32	16.64	-65.36	8.66
Basic Weighted Average Shares Outstanding	31Cr	31Cr	31Cr	31Cr	31Cr
Net EPS - Diluted	14.91	15.63	16.64	-65.36	8.66
Diluted EPS - Continuing Operations	14.9	15.32	16.64	-65.36	8.66
Diluted Weighted Average Shares Outstanding	31Cr	31Cr	31Cr	31Cr	31Cr
Normalized Basic EPS	9.35	9.41	10.5	-41.09	4.98
Normalized Diluted EPS	9.35	9.41	10.5	-41.09	4.98
Dividend Per Share	2.56	2.56	2.56	1.91	1.51
Payout Ratio	14.8	16.36	15.36	-3.91	22.03
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	-4.1Cr	14Cr	18Cr	-3Cr	-5.1Cr
EBITA	-4.2Cr	14Cr	18Cr	-3.1Cr	-5.2Cr
EBIT	-4.2Cr	14Cr	18Cr	-3.1Cr	-5.2Cr
EBITDAR	-4Cr	14Cr	19Cr	-2.9Cr	-5Cr
Effective Tax Rate - (Ratio)	0.07	-1.21	0.93	0.66	-0.19
Total Current Taxes	40L	1.1Cr	-30L	50L	-60L
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-10L	-6.7Cr	5.1Cr	-14Cr	20L
Normalized Net Income	286.44Cr	288.25Cr	321.5Cr	-1.26TCr	152.62Cr
Non-Cash Pension Expense	0	0	10L	10L	10L
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	40L	-	-	-	-
Net Rental Expense, Total	10L	10L	10L	10L	10L
Imputed Operating Lease Interest Expense	-	-	3L	4L	3L
Imputed Operating Lease Depreciation	-	-	7L	6L	7L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	27Cr	8.6Cr	49Cr	168.6Cr	103.8Cr
Short Term Investments	37Cr	34Cr	51Cr	72Cr	90Cr
Trading Asset Securities, Total	-	-	1Cr	30L	-
Total Cash And Short Term Investments	64Cr	42Cr	101.7Cr	240.5Cr	193.5Cr
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	-	32Cr	30L	30L	28Cr
Total Receivables	-	32Cr	30L	30L	28Cr
Inventory	-	-	-	-	-
Other Current Assets, Total	32Cr	34Cr	1Cr	1.1Cr	7.5Cr
Total Current Assets	96Cr	107.6Cr	103Cr	241.9Cr	228.7Cr
Gross Property Plant And Equipment	30L	-	-	-	-
Accumulated Depreciation	-20L	-	-	-	-
Net Property Plant And Equipment	10L	10L	10L	10L	10L
Long-term Investments	4.16TCr	5.77TCr	6.13TCr	4.04TCr	4.27TCr
Goodwill	-	-	-	-	-
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Deferred Charges Long-Term	10L	-	-	-	-
Other Long-Term Assets, Total	-10L	20L	10L	20L	10L
Total Assets	4.25TCr	5.88TCr	6.24TCr	4.28TCr	4.5TCr
Liabilities
Accounts Payable, Total	20L	40L	10L	30L	10L
Accrued Expenses, Total	60L	60L	60L	50L	1Cr
Current Portion of Long-Term Debt	-	394Cr	11Cr	11Cr	19Cr
Current Portion of Leases	-	10L	10L	10L	10L
Current Income Taxes Payable	-	1Cr	30L	80L	40L
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	14Cr	3Cr	1.8Cr	2Cr	2.8Cr
Total Current Liabilities	15Cr	399.1Cr	14Cr	15Cr	23Cr
Long-Term Debt	-	315.2Cr	661.6Cr	748.3Cr	686.6Cr
Long-Term Leases	-	-	-	-	-
Pension & Other Post Retirement Benefits	4.2Cr	2.7Cr	3.2Cr	3.3Cr	3.1Cr
Deferred Tax Liability Non Current	12Cr	17Cr	18Cr	4.6Cr	4.7Cr
Other Non Current Liabilities	2.9Cr	2.7Cr	6.9Cr	2.1Cr	2.8Cr
Total Liabilities	34Cr	736.9Cr	703.2Cr	773.3Cr	720.2Cr
Common Stock, Total	31Cr	31Cr	31Cr	31Cr	31Cr
Additional Paid In Capital	488.4Cr	488.4Cr	488.4Cr	488.4Cr	488.4Cr
Retained Earnings	4.02TCr	4.57TCr	5.08TCr	2.98TCr	3.19TCr
Comprehensive Income and Other	-321.3Cr	48Cr	-67Cr	6.8Cr	77Cr
Total Common Equity	4.22TCr	5.14TCr	5.53TCr	3.51TCr	3.78TCr
Minority Interest	10L	-	-	-	-
Total Equity	4.22TCr	5.14TCr	5.53TCr	3.51TCr	3.78TCr
Total Liabilities And Equity	4.25TCr	5.88TCr	6.24TCr	4.28TCr	4.5TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	31Cr	31Cr	31Cr	31Cr	31Cr
ECS Total Common Shares Outstanding	31Cr	31Cr	31Cr	31Cr	31Cr
Book Value / Share	137.78	167.89	180.66	114.64	123.48
Tangible Book Value	4.22TCr	5.14TCr	5.53TCr	3.51TCr	3.78TCr
Tangible Book Value Per Share	137.78	167.89	180.66	114.64	123.48
Total Debt	0	709.3Cr	672.5Cr	759.7Cr	705.3Cr
Net Debt	-64Cr	667.2Cr	570.8Cr	519.2Cr	511.8Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.2Cr	2.8Cr	3.3Cr	3.4Cr	3.2Cr
Debt Equivalent Oper. Leases	80L	80L	80L	80L	80L
Minority Interest, Total (Incl. Fin. Div)	10L	-	-	-	-
Equity Method Investments, Total	4.15TCr	5.75TCr	6.12TCr	4.03TCr	4.24TCr
Account Code - Inventory Valuation	6	6	6	6	6
Full Time Employees	882	38	42	38	36
Part Time Employees	-	-	-	15	16

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	456.6Cr	478.7Cr	509.6Cr	-2TCr	265.1Cr
Depreciation & Amortization - CF	10L	10L	10L	10L	10L
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	10L	10L	10L	10L	10L
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-461.5Cr	-455.5Cr	-522.9Cr	1.99TCr	-294.8Cr
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Net Cash From Discontinued Operations	-50L	2.5Cr	-	-	-
Other Operating Activities, Total	76Cr	56Cr	202.2Cr	157Cr	98Cr
Change In Accounts Receivable	-	-	-	-	-
Change In Accounts Payable	-	-	-	-	-
Change In Deferred Taxes	-	-	-	-	-
Change in Other Net Operating Assets	20L	-10L	-1.7Cr	-10L	1.1Cr
Cash from Operations	71Cr	82Cr	187.3Cr	143.1Cr	70Cr
Capital Expenditure	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	20Cr	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-30L	-748.7Cr	-24Cr	-28Cr	-24Cr
Other Investing Activities, Total	-10L	-10L	-	-	10L
Cash from Investing	-40L	-728.7Cr	-24Cr	-28Cr	-24Cr
Long-Term Debt Issued, Total	-	707Cr	471.1Cr	159.1Cr	150Cr
Total Debt Issued	-	707Cr	471.1Cr	159.1Cr	150Cr
Long-Term Debt Repaid, Total	-10L	-10L	-515.1Cr	-77Cr	-202.9Cr
Total Debt Repaid	-10L	-10L	-515.1Cr	-77Cr	-202.9Cr
Common Dividends Paid	-68Cr	-78Cr	-78Cr	-78Cr	-58Cr
Common & Preferred Stock Dividends Paid	-68Cr	-78Cr	-78Cr	-78Cr	-58Cr
Other Financing Activities, Total	-1.4Cr	-	10L	-	-
Cash from Financing	-69Cr	628.6Cr	-122.2Cr	3.7Cr	-111.3Cr
Miscellaneous Cash Flow Adjustments	-10L	0	10L	10L	-
Net Change in Cash	1.2Cr	-18Cr	41Cr	119.2Cr	-65Cr
Supplemental Items
Cash Interest Paid	10L	5.2Cr	25Cr	32Cr	32Cr
Cash Income Tax Paid (Refund)	-2.9Cr	-	-31Cr	-	-30L
Levered Free Cash Flow	-25Cr	-39Cr	24Cr	-24Cr	-55Cr
Unlevered Free Cash Flow	-25Cr	-35Cr	42Cr	-1.14Cr	-36Cr
Change In Net Working Capital	22Cr	44Cr	-31Cr	-70L	33Cr
Net Debt Issued / Repaid	-10L	706.9Cr	-44Cr	82Cr	-53Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-0.07	0.17	0.19	-0.04	-0.07
Return on Total Capital	-0.07	0.17	0.19	-0.04	-0.07
Return On Equity %	11.68	10.02	9.48	-44.38	7.27
Return on Common Equity	11.68	10.02	9.48	-44.38	7.27
Margin Analysis
Gross Profit Margin %	-	-	-	-	-
SG&A Margin	-	-	-	-	-
EBITDA Margin %	-	-	-	-	-
EBITA Margin %	-	-	-	-	-
EBIT Margin %	-	-	-	-	-
Income From Continuing Operations Margin %	-	-	-	-	-
Net Income Margin %	-	-	-	-	-
Net Avail. For Common Margin %	-	-	-	-	-
Normalized Net Income Margin	-	-	-	-	-
Levered Free Cash Flow Margin	-	-	-	-	-
Unlevered Free Cash Flow Margin	-	-	-	-	-
Asset Turnover
Asset Turnover	-	-	-	-	-
Fixed Assets Turnover	-	-	-	-	-
Receivables Turnover (Average Receivables)	-	-	-	-	-
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	6.44	0.27	7.52	16.13	9.94
Quick Ratio	4.3	0.18	7.45	16.05	9.62
Operating Cash Flow to Current Liabilities	4.75	0.2	13.67	9.54	3.04
Days Sales Outstanding (Average Receivables)	-	-	-	-	-
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	-	-	-	-
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	-	13.8	12.16	21.64	18.65
Total Debt / Total Capital	-	12.12	10.84	17.79	15.72
LT Debt/Equity	-	6.13	11.96	21.31	18.16
Long-Term Debt / Total Capital	-	5.39	10.66	17.52	15.3
Total Liabilities / Total Assets	0.79	12.54	11.28	18.05	16
EBIT / Interest Expense	-7	2.12	0.64	-0.09	-0.17
EBITDA / Interest Expense	-6.83	2.14	0.64	-0.08	-0.16
(EBITDA - Capex) / Interest Expense	-6.83	2.14	0.64	-0.08	-0.16
Total Debt / EBITDA	-	51.77	36.35	-253.23	-138.29
Net Debt / EBITDA	15.63	48.7	30.85	-173.07	-100.35
Total Debt / (EBITDA - Capex)	-	51.77	36.35	-253.23	-138.29
Net Debt / (EBITDA - Capex)	15.63	48.7	30.85	-173.07	-100.35
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	-	-	-
Gross Profit, 1 Yr. Growth %	-	-	-	-	-
EBITDA, 1 Yr. Growth %	0	-434.15	35.04	-116.22	70
EBITA, 1 Yr. Growth %	0	-423.81	35.29	-116.85	67.74
EBIT, 1 Yr. Growth %	0	-423.81	35.29	-116.85	67.74
Earnings From Cont. Operations, 1 Yr. Growth %	73.5	2.81	-5.56	-494.5	-113.24
Net Income, 1 Yr. Growth %	74.08	4.84	-7.21	-494.5	-113.24
Normalized Net Income, 1 Yr. Growth %	76.61	0.63	-3.71	-493.17	-112.13
Diluted EPS Before Extra, 1 Yr. Growth %	73.5	2.81	-5.56	-494.5	-113.24
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-97.06	0	0	0	0
Total Assets, 1 Yr. Growth %	17.33	38.21	4.78	-31.04	5.08
Tangible Book Value, 1 Yr. Growth %	18.14	21.85	6.11	-36.28	7.72
Common Equity, 1 Yr. Growth %	17.39	21.85	6.11	-36.28	7.72
Cash From Operations, 1 Yr. Growth %	-8.41	15.25	129.53	-23.6	-51.08
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-1.37T	56.7	-422.67	-206.48	131.38
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.24T	40.58	-1.31T	-102.7	2.4T
Dividend Per Share, 1 Yr. Growth %	15.84	0	0	-25.39	-20.94
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	-	-
Gross Profit, 2 Yr. CAGR %	-	-	-	-	-
EBITDA, 2 Yr. CAGR %	540.31	82.8	112.42	-53.2	-47.5
EBITA, 2 Yr. CAGR %	274.17	79.95	109.31	-52.26	-46.84
EBIT, 2 Yr. CAGR %	79.74	79.95	109.31	-52.26	-46.84
Earnings From Cont. Operations, 2 Yr. CAGR %	1.75	33.55	5.68	92.6	-27.72
Net Income, 2 Yr. CAGR %	1.79	35.09	5.64	90.91	-27.72
Normalized Net Income, 2 Yr. CAGR %	1.97	33.31	5.94	94.14	-30.94
Diluted EPS Before Extra, 2 Yr. CAGR %	1.75	33.55	5.68	92.6	-27.72
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-83.56	-82.85	0	0	0
Total Assets, 2 Yr. CAGR %	9.32	27.35	21.08	-15.15	-14.87
Tangible Book Value, 2 Yr. CAGR %	9.73	19.98	14.51	-17.94	-17.15
Common Equity, 2 Yr. CAGR %	9.36	19.6	14.51	-17.94	-17.15
Cash From Operations, 2 Yr. CAGR %	-0.97	2.74	62.65	32.43	-38.87
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	76.79	342.41	-1.27	77.53	57.95
Unlevered Free Cash Flow, 2 Yr. CAGR %	78.26	300.57	30.38	-42.99	-7.7
Dividend Per Share, 2 Yr. CAGR %	7.63	7.63	0	-13.62	-23.2
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-	-
Gross Profit, 3 Yr. CAGR %	-	-	-	-	-
EBITDA, 3 Yr. CAGR %	-4.45	415.51	65.25	-9.89	-28.06
EBITA, 3 Yr. CAGR %	-5.01	256.57	63.63	-9.63	-27.42
EBIT, 3 Yr. CAGR %	-10.71	118.71	63.63	-9.63	-27.42
Earnings From Cont. Operations, 3 Yr. CAGR %	9.34	2.1	24.67	63.7	-21.09
Net Income, 3 Yr. CAGR %	9.36	2.8	24.78	63.66	-21.56
Normalized Net Income, 3 Yr. CAGR %	8.57	1.52	25.62	63.78	-22.97
Diluted EPS Before Extra, 3 Yr. CAGR %	9.34	2.1	24.67	63.7	-21.09
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-47.72	-69.99	-69.13	0	0
Total Assets, 3 Yr. CAGR %	8.06	18.21	19.82	0.24	-8.88
Tangible Book Value, 3 Yr. CAGR %	8.36	13.63	15.7	-5.95	-10.15
Common Equity, 3 Yr. CAGR %	8.09	13.37	15.46	-5.95	-10.15
Cash From Operations, 3 Yr. CAGR %	8.26	4.16	34.31	26.44	-4.98
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	119.74	68.98	130.06	-1.62	94.74
Unlevered Free Cash Flow, 3 Yr. CAGR %	124.72	64.69	168.71	-64.22	117.38
Dividend Per Share, 3 Yr. CAGR %	5.02	5.02	5.02	-9.3	-16.14
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	24.94	31.53	97.44	4.46
EBITA, 5 Yr. CAGR %	-2.22	24.21	30.29	59.53	4.36
EBIT, 5 Yr. CAGR %	-2.22	22.65	25.54	18.98	4.36
Earnings From Cont. Operations, 5 Yr. CAGR %	27.13	7.43	7.86	35.35	0.16
Net Income, 5 Yr. CAGR %	27.15	7.87	7.86	35.35	0.21
Normalized Net Income, 5 Yr. CAGR %	27.1	6.93	7.51	35.5	-1.21
Diluted EPS Before Extra, 5 Yr. CAGR %	27.13	7.43	7.86	35.35	0.16
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-32.24	-32.24	-51.43	-50.6
Total Assets, 5 Yr. CAGR %	8.44	13.24	13.09	3.78	4.43
Tangible Book Value, 5 Yr. CAGR %	8.63	10.68	10.78	0.04	1.15
Common Equity, 5 Yr. CAGR %	8.63	10.44	10.61	-0.1	1.02
Cash From Operations, 5 Yr. CAGR %	48.82	26.69	27.4	14.66	-1.96
Levered Free Cash Flow, 5 Yr. CAGR %	22.23	60.85	59.09	24	94.55
Unlevered Free Cash Flow, 5 Yr. CAGR %	26.26	64.9	80.75	-31.98	75.25
Dividend Per Share, 5 Yr. CAGR %	20.44	7.78	2.98	-2.88	-7.33