Thaiholdings JSC 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	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Revenue	997,851	978,528	973,631	1,249,108	4,112,640	8,242,532
Revenue Growth (YoY)	5.16%	0.50%	-22.05%	-69.63%	-50.10%	352.73%
Cost of Revenue	975,696	956,285	950,470	1,185,505	3,803,506	7,752,605
Gross Profit	22,155	22,243	23,161	63,603	309,134	489,927
Selling, General & Admin	23,248	25,423	29,688	27,381	283,581	294,115
Operating Expenses	23,248	25,423	29,688	27,381	283,581	294,115
Operating Income	-1,093	-3,180	-6,527	36,223	25,553	195,812
Interest Expense	-	-	-	-17,713	-105,812	-364,875
Interest & Investment Income	101,405	98,387	66,156	1,268	19,395	57,893
Earnings From Equity Investments	-	-	-	-	5,174	-11,705
Currency Exchange Gain (Loss)	0.33	0.08	0.07	0.05	363.22	1,675
Other Non Operating Income (Expenses)	-1.59	-2.43	-0.34	106,613	-12,071	511,686
EBT Excluding Unusual Items	100,311	95,205	59,629	126,391	-67,398	390,486
Gain (Loss) on Sale of Investments	30,638	30,993	45,628	27,884	479,950	171,958
Gain (Loss) on Sale of Assets	-	-	440.5	-	7,121	17,092
Other Unusual Items	-	-	-	-	4,180	31,937
Pretax Income	130,949	126,198	105,697	154,276	423,853	611,472
Income Tax Expense	26,544	25,596	21,501	31,274	113,549	116,901
Earnings From Continuing Operations	104,405	100,602	84,195	123,002	310,305	494,571
Minority Interest in Earnings	-	-	-	-	-60,000	-88,664
Net Income	104,405	100,602	84,195	123,002	250,304	405,907
Preferred Dividends & Other Adjustments	-	-	-	922.51	1,149	-
Net Income to Common	104,405	100,602	84,195	122,079	249,156	405,907
Net Income Growth	6.03%	19.49%	-31.55%	-50.86%	-38.33%	-50.68%
Shares Outstanding (Basic)	385	385	385	385	385	368
Shares Outstanding (Diluted)	385	385	385	385	385	368
Shares Change (YoY)	-	-	-	-	4.61%	-4.42%
EPS (Basic)	271.18	261.31	218.69	317.09	647.16	1102.87
EPS (Diluted)	271.00	261.00	218.69	317.00	647.16	1102.87
EPS Growth	5.96%	19.35%	-31.01%	-51.02%	-41.32%	-48.40%
Free Cash Flow	-7,012	-5,495	26,982	630,056	1,980,684	-254,625
Free Cash Flow Per Share	-18.21	-14.27	70.08	1636.51	5144.63	-691.83
Gross Margin	2.22%	2.27%	2.38%	5.09%	7.52%	5.94%
Operating Margin	-0.11%	-0.33%	-0.67%	2.90%	0.62%	2.38%
Profit Margin	10.46%	10.28%	8.65%	9.77%	6.06%	4.92%
Free Cash Flow Margin	-0.70%	-0.56%	2.77%	50.44%	48.16%	-3.09%
EBITDA	-1,068	-3,147	-6,455	36,716	190,952	477,452
EBITDA Margin	-0.11%	-0.32%	-0.66%	2.94%	4.64%	5.79%
D&A For EBITDA	24.34	32.45	72.16	493.6	165,399	281,640
EBIT	-1,093	-3,180	-6,527	36,223	25,553	195,812
EBIT Margin	-0.11%	-0.33%	-0.67%	2.90%	0.62%	2.38%
Effective Tax Rate	20.27%	20.28%	20.34%	20.27%	26.79%	19.12%
Revenue as Reported	997,851	978,528	973,631	1,249,108	4,112,640	8,242,532

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