Me Lin Steel 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	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	888,489	879,845	670,825	773,751	687,531
Revenue Growth (YoY)	14.82%	31.16%	-13.30%	12.54%	-
Cost of Revenue	848,734	841,075	623,658	730,161	579,003
Gross Profit	39,754	38,770	47,166	43,590	108,528
Selling, General & Admin	13,096	11,918	13,386	14,134	15,516
Operating Expenses	13,096	11,918	13,386	14,134	15,516
Operating Income	26,659	26,852	33,780	29,455	93,012
Interest Expense	-23,997	-24,370	-28,219	-20,204	-17,134
Interest & Investment Income	4,088	3,724	599.39	808.46	2,535
Other Non Operating Income (Expenses)	7,513	3,094	-591.02	-2,932	26.66
Pretax Income	14,262	9,300	5,570	7,128	78,438
Income Tax Expense	2,317	1,196	1,123	1,452	15,423
Net Income	11,945	8,104	4,446	5,676	63,016
Net Income to Common	11,945	8,104	4,446	5,676	63,016
Net Income Growth	163.90%	82.26%	-21.66%	-90.99%	-
Shares Outstanding (Basic)	15	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15	15
Shares Change (YoY)	0.14%	-0.10%	0.04%	0.10%	-
EPS (Basic)	795.56	540.00	296.00	378.00	4201.00
EPS (Diluted)	795.56	540.00	296.00	378.00	4201.00
EPS Growth	163.53%	82.43%	-21.69%	-91.00%	-
Free Cash Flow	1,369	-23,775	-139,255	8,203	63,202
Free Cash Flow Per Share	91.20	-1584.24	-9270.33	546.28	4213.44
Dividend Per Share	-	-	-	1000.000	-
Gross Margin	4.47%	4.41%	7.03%	5.63%	15.78%
Operating Margin	3.00%	3.05%	5.04%	3.81%	13.53%
Profit Margin	1.34%	0.92%	0.66%	0.73%	9.17%
Free Cash Flow Margin	0.15%	-2.70%	-20.76%	1.06%	9.19%
EBIT	26,659	26,852	33,780	29,455	93,012
EBIT Margin	3.00%	3.05%	5.04%	3.81%	13.53%
Effective Tax Rate	16.25%	12.86%	20.17%	20.37%	19.66%
Revenue as Reported	888,489	879,845	670,825	773,751	687,531

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