Real Estate 11 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 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	209,494	106,294	34,876	298,506	188,227
Revenue Growth (YoY)	97.09%	204.77%	-88.32%	58.59%	-52.64%
Cost of Revenue	186,740	90,285	15,847	223,191	143,697
Gross Profit	22,754	16,009	19,030	75,315	44,531
Selling, General & Admin	13,052	14,909	10,996	18,218	12,249
Operating Expenses	13,052	14,909	10,996	18,218	12,249
Operating Income	9,703	1,100	8,034	57,097	32,281
Interest Expense	-13,166	-4,226	-5,532	-4,528	-484.43
Interest & Investment Income	1,182	828.37	527.85	4,079	7,952
Other Non Operating Income (Expenses)	-17.07	4,146	70.76	49.51	-35.1
EBT Excluding Unusual Items	-2,297	1,849	3,100	56,698	39,714
Gain (Loss) on Sale of Investments	12,253	2,963	2,639	-	-
Other Unusual Items	145	-	-	-	-
Pretax Income	10,101	4,812	5,739	56,698	39,714
Income Tax Expense	1,513	914.7	999.04	11,266	5,580
Net Income	8,588	3,897	4,740	45,431	34,134
Preferred Dividends & Other Adjustments	5,300	754.54	1,136	-	-
Net Income to Common	3,287	3,142	3,604	45,431	34,134
Net Income Growth	120.37%	-17.79%	-89.57%	33.10%	23.59%
Shares Outstanding (Basic)	8	8	8	10	10
Shares Outstanding (Diluted)	8	8	8	10	10
Shares Change (YoY)	-0.00%	-	-16.15%	-0.10%	1.79%
EPS (Basic)	400.00	382.35	438.52	4634.89	3478.95
EPS (Diluted)	400.00	382.14	438.39	4634.89	3478.95
EPS Growth	4.67%	-12.83%	-90.54%	33.23%	21.43%
Free Cash Flow	56,848	-18,118	23,865	-8,782	-136,178
Free Cash Flow Per Share	6917.17	-2204.53	2903.74	-895.97	-13879.52
Gross Margin	10.86%	15.06%	54.56%	25.23%	23.66%
Operating Margin	4.63%	1.03%	23.03%	19.13%	17.15%
Profit Margin	1.57%	2.96%	10.33%	15.22%	18.13%
Free Cash Flow Margin	27.14%	-17.05%	68.43%	-2.94%	-72.35%
EBITDA	12,406	3,376	12,297	61,481	34,752
EBITDA Margin	5.92%	3.18%	35.26%	20.60%	18.46%
D&A For EBITDA	2,703	2,276	4,264	4,384	2,470
EBIT	9,703	1,100	8,034	57,097	32,281
EBIT Margin	4.63%	1.03%	23.03%	19.13%	17.15%
Effective Tax Rate	14.98%	19.01%	17.41%	19.87%	14.05%
Revenue as Reported	209,494	106,294	34,876	298,506	188,227

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