AAV Group JSC Income Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019
Revenue	318,415	38,486	73,112	496,456	395,191
Revenue Growth (YoY)	727.35%	-47.36%	-85.27%	25.62%	63.23%
Cost of Revenue	307,203	38,578	69,898	456,508	351,295
Gross Profit	11,213	-92.42	3,214	39,948	43,896
Selling, General & Admin	22,659	16,880	18,945	28,276	10,339
Operating Expenses	22,659	16,880	18,945	28,276	10,339
Operating Income	-11,447	-16,972	-15,730	11,673	33,557
Interest Expense	-1,855	-312.38	-5,264	-6,675	-3,012
Interest & Investment Income	1,379	4,098	2,517	1,946	1,393
Currency Exchange Gain (Loss)	-	-	602.35	-	-
Other Non Operating Income (Expenses)	-46,925	-367.85	823.2	-11.57	-122.29
EBT Excluding Unusual Items	-58,847	-13,554	-17,052	6,932	31,816
Gain (Loss) on Sale of Investments	36,383	37.36	-	-	-
Pretax Income	-22,464	-13,517	-17,052	6,932	31,816
Income Tax Expense	32.91	2,239	276.39	3,416	6,797
Earnings From Continuing Operations	-22,497	-15,756	-17,328	3,516	25,019
Minority Interest in Earnings	-580.79	75.49	391.37	-2,008	-1,327
Net Income	-23,078	-15,680	-16,937	1,508	23,692
Net Income to Common	-23,078	-15,680	-16,937	1,508	23,692
Net Income Growth	-	-	-	-93.64%	63.17%
Shares Outstanding (Basic)	69	69	69	-	-
Shares Outstanding (Diluted)	69	69	69	-	-
EPS (Basic)	-334.52	-227.29	-245.50	-	-
EPS (Diluted)	-334.52	-227.29	-245.50	-	-
Free Cash Flow	-477,818	211,340	30,319	-16,169	-83,561
Free Cash Flow Per Share	-6926.13	3063.45	439.49	-	-
Gross Margin	3.52%	-0.24%	4.40%	8.05%	11.11%
Operating Margin	-3.60%	-44.10%	-21.52%	2.35%	8.49%
Profit Margin	-7.25%	-40.74%	-23.16%	0.30%	6.00%
Free Cash Flow Margin	-150.06%	549.14%	41.47%	-3.26%	-21.14%
EBITDA	11,089	-6,255	-5,116	22,268	37,135
EBITDA Margin	3.48%	-16.25%	-7.00%	4.49%	9.40%
D&A For EBITDA	22,536	10,717	10,614	10,596	3,578
EBIT	-11,447	-16,972	-15,730	11,673	33,557
EBIT Margin	-3.60%	-44.10%	-21.52%	2.35%	8.49%
Effective Tax Rate	-	-	-	49.27%	21.36%
Revenue as Reported	318,415	38,486	73,112	496,456	395,191

Source: S&P Global Market Intelligence. Standard template. Financial Sources.