Thong Nhat JSC (HNX:BAX)

Thong Nhat JSC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Jan 1, 2024	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	101,198	72,990	74,523	232,290	171,906	311,296
Revenue Growth (YoY)	32.23%	-2.06%	-67.92%	35.13%	-44.78%	69.39%
Cost of Revenue	55,717	31,690	38,491	145,001	101,865	132,528
Gross Profit	45,481	41,300	36,031	87,288	70,041	178,768
Selling, General & Admin	17,914	20,123	22,196	26,059	24,086	22,967
Operating Expenses	17,914	20,123	22,196	26,059	24,086	22,967
Operating Income	27,567	21,176	13,835	61,229	45,955	155,801
Interest Expense	-7.7	-	-	-	-	-
Interest & Investment Income	12,150	12,373	23,022	14,578	15,933	20,735
Currency Exchange Gain (Loss)	0.11	0.11	0.08	-	-	-
Other Non Operating Income (Expenses)	145.47	282.88	-268.3	6,949	6,685	3,518
EBT Excluding Unusual Items	39,854	33,832	36,589	82,757	68,573	180,055
Gain (Loss) on Sale of Assets	32.94	32.94	-	-	-	-
Pretax Income	39,887	33,865	36,589	82,757	68,573	180,055
Income Tax Expense	8,507	7,286	7,823	18,098	8,240	34,466
Net Income	31,380	26,579	28,766	64,659	60,333	145,589
Preferred Dividends & Other Adjustments	480	480	5,057	-	-	-
Net Income to Common	30,900	26,099	23,709	64,659	60,333	145,589
Net Income Growth	6.02%	-7.61%	-55.51%	7.17%	-58.56%	71.23%
Shares Outstanding (Basic)	8	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8	8
Shares Change (YoY)	0.03%	-	-0.00%	0.01%	-0.00%	-
EPS (Basic)	3767.73	3182.77	2891.36	7885.00	7358.00	17755.00
EPS (Diluted)	3767.73	3182.77	2891.36	7885.00	7358.00	17755.00
EPS Growth	25.87%	10.08%	-63.33%	7.16%	-58.56%	71.23%
Free Cash Flow	22,520	-7,448	-13,990	14,433	21,564	62,020
Free Cash Flow Per Share	2745.94	-908.25	-1706.13	1760.08	2629.81	7563.50
Dividend Per Share	2500.000	2500.000	2500.000	5000.000	-	13093.000
Dividend Growth	-	-	-50.00%	-	-	-
Gross Margin	44.94%	56.58%	48.35%	37.58%	40.74%	57.43%
Operating Margin	27.24%	29.01%	18.57%	26.36%	26.73%	50.05%
Profit Margin	30.54%	35.76%	31.81%	27.83%	35.10%	46.77%
Free Cash Flow Margin	22.25%	-10.20%	-18.77%	6.21%	12.54%	19.92%
EBITDA	40,173	34,033	27,830	74,093	58,710	167,935
EBITDA Margin	39.70%	46.63%	37.34%	31.90%	34.15%	53.95%
D&A For EBITDA	12,607	12,857	13,994	12,863	12,755	12,134
EBIT	27,567	21,176	13,835	61,229	45,955	155,801
EBIT Margin	27.24%	29.01%	18.57%	26.36%	26.73%	50.05%
Effective Tax Rate	21.33%	21.52%	21.38%	21.87%	12.02%	19.14%
Revenue as Reported	101,198	72,990	74,523	232,290	171,906	311,296

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.