Vicem But Son Cement 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	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,656,580	2,609,614	2,573,299	3,125,072	2,979,818
Revenue Growth (YoY)	1.80%	1.41%	-17.66%	4.88%	-2.73%
Cost of Revenue	2,460,964	2,617,115	2,452,400	2,810,544	2,654,166
Gross Profit	195,616	-7,501	120,899	314,528	325,651
Selling, General & Admin	159,429	172,123	171,517	226,457	221,070
Operating Expenses	159,429	172,123	171,517	226,457	221,070
Operating Income	36,187	-179,625	-50,618	88,071	104,581
Interest Expense	-64,893	-68,464	-83,895	-53,333	-58,771
Interest & Investment Income	429.26	434.73	575.65	502.65	754.84
Currency Exchange Gain (Loss)	-393.56	-2,890	-3,305	989.74	-93.79
Other Non Operating Income (Expenses)	60,270	48,749	40,988	31,824	13,939
EBT Excluding Unusual Items	31,599	-201,795	-96,255	68,055	60,410
Pretax Income	31,599	-201,795	-96,255	68,055	60,410
Income Tax Expense	-	-	-	14,125	12,199
Net Income	31,599	-201,795	-96,255	53,930	48,211
Preferred Dividends & Other Adjustments	-	-	-	20,334	30,501
Net Income to Common	31,599	-201,795	-96,255	33,596	17,711
Net Income Growth	-	-	-	11.86%	179.16%
Shares Outstanding (Basic)	124	124	124	124	124
Shares Outstanding (Diluted)	124	124	124	124	124
EPS (Basic)	255.74	-1633.18	-779.01	271.90	143.34
EPS (Diluted)	255.74	-1633.18	-779.01	271.90	143.34
EPS Growth	-	-	-	89.69%	104.46%
Free Cash Flow	131,825	-25,763	-190,678	-20,726	221,550
Free Cash Flow Per Share	1066.89	-208.51	-1543.20	-167.74	1793.06
Dividend Per Share	-	-	-	300.000	400.000
Dividend Growth	-	-	-	-25.00%	-
Gross Margin	7.36%	-0.29%	4.70%	10.06%	10.93%
Operating Margin	1.36%	-6.88%	-1.97%	2.82%	3.51%
Profit Margin	1.19%	-7.73%	-3.74%	1.07%	0.59%
Free Cash Flow Margin	4.96%	-0.99%	-7.41%	-0.66%	7.43%
EBITDA	269,664	54,124	159,247	293,745	310,548
EBITDA Margin	10.15%	2.07%	6.19%	9.40%	10.42%
D&A For EBITDA	233,476	233,748	209,865	205,674	205,966
EBIT	36,187	-179,625	-50,618	88,071	104,581
EBIT Margin	1.36%	-6.88%	-1.97%	2.82%	3.51%
Effective Tax Rate	-	-	-	20.76%	20.19%
Revenue as Reported	2,656,580	2,609,614	2,573,299	3,125,072	2,979,818
Advertising Expenses	-	8,562	8,413	7,567	8,748

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