PVI Holdings 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	FY 2020	2015 - 2019
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	Dec '20 Dec 31, 2020	2015 - 2019
Premiums & Annuity Revenue	8,811,339	7,539,624	6,514,661	5,948,976	4,767,250	4,528,493	Upgrade
Total Interest & Dividend Income	185,292	746,899	818,420	457,397	536,778	629,367	Upgrade
Gain (Loss) on Sale of Investments	88,221	361,931	394,785	368,119	256,918	202,765	Upgrade
Non-Insurance Activities Revenue	51,341	198,633	194,679	546,105	199,391	255,360	Upgrade
Total Revenue	9,136,192	8,847,086	7,922,544	7,320,596	5,760,337	5,615,985	Upgrade
Revenue Growth (YoY)	7.55%	11.67%	8.22%	27.09%	2.57%	-15.28%	Upgrade
Policy Benefits	7,344,042	6,696,674	5,579,321	5,145,682	3,803,764	3,696,726	Upgrade
Depreciation & Amortization	10,717	41,729	42,919	26,106	25,004	29,823	Upgrade
Selling, General & Administrative	627,525	222,794	228,399	214,383	139,037	179,510	Upgrade
Non-Insurance Activities Expense	23,162	88,341	91,263	294,426	109,234	150,038	Upgrade
Total Operating Expenses	8,146,853	7,498,562	6,398,437	6,100,463	4,591,520	4,470,545	Upgrade
Operating Income	989,339	1,348,524	1,524,107	1,220,134	1,168,818	1,145,439	Upgrade
Interest Expense	-46,823	-31,745	-32,882	-15,868	-2,694	-851.58	Upgrade
Currency Exchange Gain (Loss)	28,838	33,947	-6,610	-21,492	4,058	1,479	Upgrade
Other Non Operating Income (Expenses)	671,849	-233,160	-238,204	-77,804	-68,983	-67,180	Upgrade
Pretax Income	1,643,203	1,117,565	1,246,410	1,104,970	1,101,198	1,078,887	Upgrade
Income Tax Expense	389,324	237,923	239,909	231,792	230,568	216,945	Upgrade
Earnings From Continuing Ops.	1,253,879	879,642	1,006,501	873,178	870,630	861,942	Upgrade
Minority Interest in Earnings	-45,506	-36,609	-49,372	-39,267	-40,369	-41,515	Upgrade
Net Income	1,208,373	843,033	957,130	833,911	830,261	820,427	Upgrade
Preferred Dividends & Other Adjustments	2,483	10,116	11,486	35,858	41,513	40,360	Upgrade
Net Income to Common	1,205,890	832,916	945,644	798,052	788,748	780,066	Upgrade
Net Income Growth	34.48%	-11.92%	14.78%	0.44%	1.20%	24.52%	Upgrade
Shares Outstanding (Basic)	241	234	234	234	226	226	Upgrade
Shares Outstanding (Diluted)	241	234	234	234	226	226	Upgrade
Shares Change (YoY)	2.66%	-	-	3.83%	-0.18%	-2.21%	Upgrade
EPS (Basic)	4999.05	3555.80	4037.04	3406.96	3496.15	3451.61	Upgrade
EPS (Diluted)	4999.05	3555.80	4037.04	3406.96	3496.15	3451.61	Upgrade
EPS Growth	32.03%	-11.92%	18.49%	-2.55%	1.29%	31.60%	Upgrade
Free Cash Flow	303,706	1,543,404	1,023,237	-547,283	304,661	46,534	Upgrade
Free Cash Flow Per Share	1259.02	6588.93	4368.29	-2336.40	1350.42	205.90	Upgrade
Dividend Per Share	-	-	3200.000	3000.000	3300.000	2850.000	Upgrade
Dividend Growth	-	-	6.67%	-9.09%	15.79%	26.67%	Upgrade
Operating Margin	10.83%	15.24%	19.24%	16.67%	20.29%	20.40%	Upgrade
Profit Margin	13.20%	9.41%	11.94%	10.90%	13.69%	13.89%	Upgrade
Free Cash Flow Margin	3.32%	17.45%	12.92%	-7.48%	5.29%	0.83%	Upgrade
EBITDA	1,056,630	1,414,980	1,610,142	1,295,847	1,242,483	1,229,743	Upgrade
EBITDA Margin	11.56%	15.99%	20.32%	17.70%	21.57%	21.90%	Upgrade
D&A For EBITDA	67,291	66,456	86,035	75,713	73,665	84,304	Upgrade
EBIT	989,339	1,348,524	1,524,107	1,220,134	1,168,818	1,145,439	Upgrade
EBIT Margin	10.83%	15.24%	19.24%	16.67%	20.29%	20.40%	Upgrade
Effective Tax Rate	23.69%	21.29%	19.25%	20.98%	20.94%	20.11%	Upgrade
Revenue as Reported	8,862,679	7,738,257	6,709,340	6,495,080	4,966,641	4,783,853	Upgrade

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