PVI Holdings Income Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Premiums & Annuity Revenue	11,184,202	9,341,307	7,543,235	6,514,661	5,948,976	4,767,250
Total Interest & Dividend Income	393,874	1,173,179	1,102,553	818,420	457,397	536,778
Gain (Loss) on Sale of Investments	-85,316	32,239	8,222	394,785	368,119	256,918
Non-Insurance Activities Revenue	53,339	204,431	198,633	194,679	546,105	199,391
Total Revenue	11,546,099	10,751,156	8,852,643	7,922,544	7,320,596	5,760,337
Revenue Growth	15.02%	21.45%	11.74%	8.22%	27.09%	2.57%
Policy Benefits	9,606,513	8,096,629	6,691,191	5,579,321	5,145,682	3,803,764
Depreciation & Amortization	6,534	33,830	41,729	42,919	26,106	25,004
Selling, General & Administrative	716,124	300,853	226,764	228,399	214,383	139,037
Non-Insurance Activities Expense	18,154	78,188	88,341	91,263	294,426	109,234
Total Operating Expenses	10,525,259	9,011,172	7,497,050	6,398,437	6,100,463	4,591,520
Operating Income	1,020,840	1,739,984	1,355,593	1,524,107	1,220,134	1,168,818
Interest Expense	-516,733	-48,947	-31,745	-32,882	-15,868	-2,694
Currency Exchange Gain (Loss)	25,704	37,697	33,947	-6,610	-21,492	4,058
Other Non Operating Income (Expenses)	1,174,273	-269,065	-224,774	-238,204	-77,804	-68,983
Pretax Income	1,704,084	1,459,669	1,133,021	1,246,410	1,104,970	1,101,198
Income Tax Expense	364,446	307,562	241,758	239,909	231,792	230,568
Earnings From Continuing Ops.	1,339,638	1,152,107	891,263	1,006,501	873,178	870,630
Minority Interest in Earnings	-57,962	-49,179	-36,849	-49,372	-39,267	-40,369
Net Income	1,281,676	1,102,928	854,414	957,130	833,911	830,261
Preferred Dividends & Other Adjustments	46,476	50,509	10,116	11,486	35,858	41,513
Net Income to Common	1,235,201	1,052,419	844,298	945,644	798,052	788,748
Net Income Growth	1.65%	24.65%	-10.72%	18.49%	1.18%	1.11%
Shares Outstanding (Basic)	244	258	258	258	258	248
Shares Outstanding (Diluted)	244	258	258	258	258	248
Shares Change	-6.64%	-	-	-	3.83%	-0.18%
EPS (Basic)	5064.87	4084.43	3276.71	3670.04	3097.24	3178.32
EPS (Diluted)	5064.87	4084.43	3276.36	3670.04	3097.24	3178.32
EPS Growth	8.89%	24.66%	-10.73%	18.49%	-2.55%	1.29%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	2,010,260	694,419	1,543,404	1,023,237	-547,283	304,661
Free Cash Flow Per Share	8242.96	2695.03	5989.94	3971.17	-2124.00	1227.66
Dividend Per Share	-	-	2863.636	2909.091	2727.273	3000.000
Dividend Growth	-	-	-1.56%	6.67%	-9.09%	15.79%
Operating Margin	8.84%	16.18%	15.31%	19.24%	16.67%	20.29%
Profit Margin	10.70%	9.79%	9.54%	11.94%	10.90%	13.69%
Free Cash Flow Margin	17.41%	6.46%	17.43%	12.92%	-7.48%	5.29%
EBITDA	1,076,829	1,802,913	1,441,715	1,610,142	1,295,847	1,242,483
EBITDA Margin	9.33%	16.77%	16.29%	20.32%	17.70%	21.57%
D&A For EBITDA	55,989	62,929	86,122	86,035	75,713	73,665
EBIT	1,020,840	1,739,984	1,355,593	1,524,107	1,220,134	1,168,818
EBIT Margin	8.84%	16.18%	15.31%	19.24%	16.67%	20.29%
Effective Tax Rate	21.39%	21.07%	21.34%	19.25%	20.98%	20.94%
Revenue as Reported	11,237,541	9,545,738	7,741,869	6,709,340	6,495,080	4,966,641