HNX:L18 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Revenue	4,825,799	4,924,717	3,081,916	2,212,197	2,860,008
Revenue Growth (YoY)	-2.01%	59.79%	39.31%	-22.65%	43.48%
Cost of Revenue	4,464,796	4,294,577	2,877,130	2,080,293	2,705,713
Gross Profit	361,003	630,140	204,786	131,904	154,295
Selling, General & Admin	77,700	230,917	124,063	67,385	94,114
Operating Expenses	77,700	230,917	124,063	67,385	94,114
Operating Income	283,303	399,223	80,723	64,519	60,181
Interest Expense	-53,256	-107,439	-59,888	-36,076	-25,799
Interest & Investment Income	-	4,318	6,223	3,473	3,166
Earnings From Equity Investments	120.53	803.54	733.12	359.75	497.95
Currency Exchange Gain (Loss)	-	9.56	-	-	-
Other Non Operating Income (Expenses)	2,394	22,353	45,199	23,534	22,730
EBT Excluding Unusual Items	232,561	319,269	72,991	55,809	60,776
Gain (Loss) on Sale of Investments	-	-11,786	-	-	-70.73
Gain (Loss) on Sale of Assets	-	298.29	63.14	39.81	227.27
Pretax Income	232,561	307,782	73,054	55,849	60,933
Income Tax Expense	44,388	82,939	15,753	11,846	12,847
Earnings From Continuing Operations	188,172	224,843	57,301	44,003	48,086
Minority Interest in Earnings	-19,501	-20,864	-15,239	-13,368	-13,141
Net Income	168,671	203,979	42,062	30,635	34,945
Preferred Dividends & Other Adjustments	-	-	2,432	-	1,322
Net Income to Common	168,671	203,979	39,630	30,635	33,623
Net Income Growth	-17.31%	384.95%	37.30%	-12.33%	189.29%
Shares Outstanding (Basic)	46	46	46	46	42
Shares Outstanding (Diluted)	46	46	46	46	42
Shares Change (YoY)	-	-	-	9.14%	51.92%
EPS (Basic)	3687.62	4459.56	866.42	669.77	802.31
EPS (Diluted)	3687.62	4459.56	866.42	669.77	802.31
EPS Growth	-17.31%	414.71%	29.36%	-16.52%	83.22%
Free Cash Flow	21,331	89,367	-195,690	-281,102	-559,727
Free Cash Flow Per Share	466.35	1953.81	-4278.32	-6145.66	-13356.33
Dividend Per Share	-	-	833.333	583.333	-
Dividend Growth	-	-	42.86%	-	-
Gross Margin	7.48%	12.80%	6.64%	5.96%	5.39%
Operating Margin	5.87%	8.11%	2.62%	2.92%	2.10%
Profit Margin	3.50%	4.14%	1.29%	1.39%	1.18%
Free Cash Flow Margin	0.44%	1.81%	-6.35%	-12.71%	-19.57%
EBITDA	324,358	438,400	121,285	107,521	107,374
EBITDA Margin	6.72%	8.90%	3.94%	4.86%	3.75%
D&A For EBITDA	41,056	39,177	40,562	43,002	47,193
EBIT	283,303	399,223	80,723	64,519	60,181
EBIT Margin	5.87%	8.11%	2.62%	2.92%	2.10%
Effective Tax Rate	19.09%	26.95%	21.56%	21.21%	21.08%
Revenue as Reported	4,825,799	4,924,717	3,081,916	2,212,197	2,860,008

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