Thien Quang Group JSC Income Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	620,300	555,394	544,393
Revenue Growth (YoY)	13.94%	2.02%	-
Cost of Revenue	585,764	528,058	514,759
Gross Profit	34,535	27,335	29,634
Selling, General & Admin	22,571	20,573	18,307
Operating Expenses	22,571	20,573	18,307
Operating Income	11,965	6,763	11,327
Interest Expense	-7,374	-6,413	-8,905
Interest & Investment Income	921.86	2,617	1,902
Currency Exchange Gain (Loss)	-2,311	-2,311	-1,908
Other Non Operating Income (Expenses)	333.21	391.51	-87.36
EBT Excluding Unusual Items	3,535	1,048	2,329
Gain (Loss) on Sale of Assets	-	-	-340.59
Pretax Income	3,535	1,048	1,989
Income Tax Expense	196.38	-	66.02
Net Income	3,339	1,048	1,923
Net Income to Common	3,339	1,048	1,923
Net Income Growth	73.65%	-45.48%	-
Shares Outstanding (Basic)	32	32	32
Shares Outstanding (Diluted)	32	32	32
EPS (Basic)	104.06	32.92	60.38
EPS (Diluted)	104.06	32.92	60.00
EPS Growth	73.44%	-45.14%	-
Free Cash Flow	-81,123	-39,948	28,038
Free Cash Flow Per Share	-2528.39	-1254.52	880.50
Gross Margin	5.57%	4.92%	5.44%
Operating Margin	1.93%	1.22%	2.08%
Profit Margin	0.54%	0.19%	0.35%
Free Cash Flow Margin	-13.08%	-7.19%	5.15%
EBITDA	18,619	15,054	21,720
EBITDA Margin	3.00%	2.71%	3.99%
D&A For EBITDA	6,654	8,291	10,393
EBIT	11,965	6,763	11,327
EBIT Margin	1.93%	1.22%	2.08%
Effective Tax Rate	5.56%	-	3.32%
Revenue as Reported	620,300	555,394	544,393

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