Thong Nhat 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 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	110,181	72,990	74,523	232,290	171,906
Revenue Growth (YoY)	50.95%	-2.06%	-67.92%	35.13%	-44.78%
Cost of Revenue	60,946	31,690	38,491	145,001	101,865
Gross Profit	49,235	41,300	36,031	87,288	70,041
Selling, General & Admin	17,501	20,123	22,196	26,059	24,086
Operating Expenses	17,501	20,123	22,196	26,059	24,086
Operating Income	31,734	21,176	13,835	61,229	45,955
Interest Expense	-7.7	-	-	-	-
Interest & Investment Income	13,354	12,373	23,022	14,578	15,933
Currency Exchange Gain (Loss)	-	0.11	0.08	-	-
Other Non Operating Income (Expenses)	249.52	282.88	-268.3	6,949	6,685
EBT Excluding Unusual Items	45,330	33,832	36,589	82,757	68,573
Gain (Loss) on Sale of Assets	-	32.94	-	-	-
Pretax Income	45,330	33,865	36,589	82,757	68,573
Income Tax Expense	9,505	7,286	7,823	18,098	8,240
Net Income	35,825	26,579	28,766	64,659	60,333
Preferred Dividends & Other Adjustments	-	480	5,057	-	-
Net Income to Common	35,825	26,099	23,709	64,659	60,333
Net Income Growth	34.79%	-7.61%	-55.51%	7.17%	-58.56%
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
Shares Change (YoY)	-0.00%	-	-0.00%	0.01%	-0.00%
EPS (Basic)	4369.00	3182.77	2891.36	7885.00	7358.00
EPS (Diluted)	4369.00	3182.77	2891.36	7885.00	7358.00
EPS Growth	37.27%	10.08%	-63.33%	7.16%	-58.56%
Free Cash Flow	28,268	-7,448	-13,990	14,433	21,564
Free Cash Flow Per Share	3447.48	-908.25	-1706.13	1760.08	2629.81
Dividend Per Share	-	2500.000	2500.000	5000.000	-
Dividend Growth	-	-	-50.00%	-	-
Gross Margin	44.69%	56.58%	48.35%	37.58%	40.74%
Operating Margin	28.80%	29.01%	18.57%	26.36%	26.73%
Profit Margin	32.51%	35.76%	31.81%	27.83%	35.10%
Free Cash Flow Margin	25.66%	-10.20%	-18.77%	6.21%	12.54%
EBITDA	43,884	34,033	27,830	74,093	58,710
EBITDA Margin	39.83%	46.63%	37.34%	31.90%	34.15%
D&A For EBITDA	12,150	12,857	13,994	12,863	12,755
EBIT	31,734	21,176	13,835	61,229	45,955
EBIT Margin	28.80%	29.01%	18.57%	26.36%	26.73%
Effective Tax Rate	20.97%	21.52%	21.38%	21.87%	12.02%
Revenue as Reported	110,181	72,990	74,523	232,290	171,906

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.