Me Lin Steel 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 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	837,180	879,845	670,825	773,751	687,531
Revenue Growth (YoY)	-4.85%	31.16%	-13.30%	12.54%	-
Cost of Revenue	796,404	841,074	623,658	730,161	579,003
Gross Profit	40,776	38,772	47,166	43,590	108,528
Selling, General & Admin	13,331	11,918	13,386	14,134	15,516
Operating Expenses	13,331	11,918	13,386	14,134	15,516
Operating Income	27,445	26,854	33,780	29,455	93,012
Interest Expense	-23,132	-24,370	-28,219	-20,204	-17,134
Interest & Investment Income	12.96	11.79	599.39	808.46	2,535
Currency Exchange Gain (Loss)	-1,414	-617.87	-	-	-
Other Non Operating Income (Expenses)	-228.51	3,573	-591.02	-2,932	26.66
EBT Excluding Unusual Items	2,683	5,451	5,570	7,128	78,438
Gain (Loss) on Sale of Investments	941	3,432	-	-	-
Gain (Loss) on Sale of Assets	8,443	352.92	-	-	-
Other Unusual Items	12.11	67.89	-	-	-
Pretax Income	12,080	9,304	5,570	7,128	78,438
Income Tax Expense	2,465	1,199	1,123	1,452	15,423
Net Income	9,615	8,105	4,446	5,676	63,016
Net Income to Common	9,615	8,105	4,446	5,676	63,016
Net Income Growth	18.62%	82.29%	-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%	0.04%	0.10%	-
EPS (Basic)	640.98	540.35	296.00	378.00	4201.00
EPS (Diluted)	640.98	540.00	296.00	378.00	4201.00
EPS Growth	18.70%	82.43%	-21.69%	-91.00%	-
Free Cash Flow	-28,641	-24,068	-139,255	8,203	63,202
Free Cash Flow Per Share	-1909.38	-1604.51	-9270.33	546.28	4213.44
Dividend Per Share	-	-	-	1000.000	-
Gross Margin	4.87%	4.41%	7.03%	5.63%	15.78%
Operating Margin	3.28%	3.05%	5.04%	3.81%	13.53%
Profit Margin	1.15%	0.92%	0.66%	0.73%	9.17%
Free Cash Flow Margin	-3.42%	-2.73%	-20.76%	1.06%	9.19%
EBITDA	33,459	33,097	-	-	-
EBITDA Margin	4.00%	3.76%	-	-	-
D&A For EBITDA	6,014	6,243	-	-	-
EBIT	27,445	26,854	33,780	29,455	93,012
EBIT Margin	3.28%	3.05%	5.04%	3.81%	13.53%
Effective Tax Rate	20.41%	12.88%	20.17%	20.37%	19.66%
Revenue as Reported	837,180	879,845	670,825	773,751	687,531

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