Real Estate 11 JSC (HNX:D11)

Real Estate 11 JSC Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2021	Dec 31, 2020
Revenue	209,248	212,285	106,294	34,876	298,506	188,227
Revenue Growth (YoY)	84.14%	99.72%	204.77%	-88.32%	58.59%	-52.64%
Cost of Revenue	185,680	189,447	90,285	15,847	223,191	143,697
Gross Profit	23,568	22,838	16,009	19,030	75,315	44,531
Selling, General & Admin	13,175	12,955	14,909	10,996	18,218	12,249
Operating Expenses	13,175	12,955	14,909	10,996	18,218	12,249
Operating Income	10,393	9,883	1,100	8,034	57,097	32,281
Interest Expense	-13,258	-13,166	-4,226	-5,532	-4,528	-484.43
Interest & Investment Income	1,281	1,182	828.37	527.85	4,079	7,952
Other Non Operating Income (Expenses)	-107.52	-107.52	4,118	70.76	49.51	-35.1
EBT Excluding Unusual Items	-1,691	-2,207	1,821	3,100	56,698	39,714
Gain (Loss) on Sale of Investments	10,034	12,253	2,963	2,639	-	-
Other Unusual Items	145	145	28	-	-	-
Pretax Income	8,488	10,191	4,812	5,739	56,698	39,714
Income Tax Expense	1,209	1,545	914.7	999.04	11,266	5,580
Net Income	7,279	8,645	3,897	4,740	45,431	34,134
Preferred Dividends & Other Adjustments	1,667	1,667	754.54	1,136	-	-
Net Income to Common	5,612	6,979	3,142	3,604	45,431	34,134
Net Income Growth	34.10%	121.85%	-17.79%	-89.57%	33.10%	23.59%
Shares Outstanding (Basic)	8	8	8	8	10	10
Shares Outstanding (Diluted)	8	8	8	8	10	10
Shares Change (YoY)	0.00%	-	-0.00%	-16.15%	-0.10%	1.79%
EPS (Basic)	682.88	849.15	382.36	438.52	4634.89	3478.95
EPS (Diluted)	682.88	849.00	382.00	438.39	4634.89	3478.95
EPS Growth	14.11%	122.25%	-12.86%	-90.54%	33.23%	21.43%
Free Cash Flow	2,741	56,848	-18,118	23,865	-8,782	-136,178
Free Cash Flow Per Share	333.50	6917.17	-2204.60	2903.74	-895.97	-13879.52
Gross Margin	11.26%	10.76%	15.06%	54.56%	25.23%	23.66%
Operating Margin	4.97%	4.66%	1.03%	23.03%	19.13%	17.15%
Profit Margin	2.68%	3.29%	2.96%	10.33%	15.22%	18.13%
Free Cash Flow Margin	1.31%	26.78%	-17.05%	68.43%	-2.94%	-72.35%
EBITDA	12,996	12,471	3,376	12,297	61,481	34,752
EBITDA Margin	6.21%	5.88%	3.18%	35.26%	20.60%	18.46%
D&A For EBITDA	2,603	2,588	2,276	4,264	4,384	2,470
EBIT	10,393	9,883	1,100	8,034	57,097	32,281
EBIT Margin	4.97%	4.66%	1.03%	23.03%	19.13%	17.15%
Effective Tax Rate	14.25%	15.16%	19.01%	17.41%	19.87%	14.05%
Revenue as Reported	209,248	212,285	106,294	34,876	298,506	188,227

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