MST Investment 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,529,384	1,273,891	1,207,223	343,899
Revenue Growth (YoY)	30.73%	5.52%	251.04%	-
Cost of Revenue	1,499,237	1,246,634	1,201,211	319,971
Gross Profit	30,147	27,257	6,012	23,928
Selling, General & Admin	5,718	4,861	31,880	3,913
Operating Expenses	5,718	4,861	31,880	3,913
Operating Income	24,429	22,396	-25,868	20,015
Interest Expense	-77,573	-18,807	-22,884	-28,606
Interest & Investment Income	61,162	7,059	1,444	53,966
Other Non Operating Income (Expenses)	20,497	11,784	137,439	-304.9
Pretax Income	28,516	22,432	90,132	45,069
Income Tax Expense	7,217	5,292	21,836	8,435
Net Income	21,299	17,140	68,295	36,635
Net Income to Common	21,299	17,140	68,295	36,635
Net Income Growth	-6.17%	-74.90%	86.42%	-
Shares Outstanding (Basic)	84	84	79	84
Shares Outstanding (Diluted)	84	84	79	84
Shares Change (YoY)	6.31%	6.31%	-6.37%	-
EPS (Basic)	254.76	205.01	868.46	436.18
EPS (Diluted)	254.76	205.01	868.46	436.18
EPS Growth	-11.74%	-76.39%	99.10%	-
Free Cash Flow	464,270	-163,542	54,393	181,522
Free Cash Flow Per Share	5553.14	-1956.13	691.68	2161.24
Gross Margin	1.97%	2.14%	0.50%	6.96%
Operating Margin	1.60%	1.76%	-2.14%	5.82%
Profit Margin	1.39%	1.34%	5.66%	10.65%
Free Cash Flow Margin	30.36%	-12.84%	4.51%	52.78%
EBITDA	24,598	22,564	-25,374	20,534
EBITDA Margin	1.61%	1.77%	-2.10%	5.97%
D&A For EBITDA	168.7	168.7	493.95	519.4
EBIT	24,429	22,396	-25,868	20,015
EBIT Margin	1.60%	1.76%	-2.14%	5.82%
Effective Tax Rate	25.31%	23.59%	24.23%	18.71%
Revenue as Reported	1,529,384	1,273,891	1,207,223	343,899

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.