HNX:VC2 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	1,139,312	1,232,706	1,088,149	969,624	885,141
Revenue Growth (YoY)	-7.58%	13.29%	12.22%	9.54%	-25.30%
Cost of Revenue	1,034,912	1,089,169	967,379	841,889	759,860
Gross Profit	104,400	143,537	120,770	127,735	125,280
Selling, General & Admin	60,372	72,285	75,753	80,208	56,130
Operating Expenses	60,372	72,285	75,753	80,208	56,130
Operating Income	44,028	71,251	45,017	47,527	69,151
Interest Expense	-55,957	-67,087	-70,645	-52,586	-38,728
Interest & Investment Income	34,306	10,194	8,416	39,224	8,183
Earnings From Equity Investments	-	4.55	9.28	99.23	6.3
Other Non Operating Income (Expenses)	3,105	18,220	17,269	19.34	35,552
EBT Excluding Unusual Items	25,483	32,582	66.81	34,284	74,164
Gain (Loss) on Sale of Investments	-	42,978	22,528	-	-
Gain (Loss) on Sale of Assets	-	-	72.73	-	-
Other Unusual Items	-	-1,205	-554.08	-	-
Pretax Income	25,483	74,355	22,114	34,284	74,164
Income Tax Expense	7,683	16,831	6,776	4,918	13,834
Earnings From Continuing Operations	17,800	57,524	15,338	29,366	60,329
Minority Interest in Earnings	-749.32	-15.27	-1,101	111.77	-385.09
Net Income	17,051	57,509	14,237	29,477	59,944
Net Income to Common	17,051	57,509	14,237	29,477	59,944
Net Income Growth	-70.35%	303.94%	-51.70%	-50.82%	274.68%
Shares Outstanding (Basic)	76	75	52	52	28
Shares Outstanding (Diluted)	76	75	52	52	28
Shares Change (YoY)	1.31%	43.81%	0.07%	85.53%	43.68%
EPS (Basic)	225.40	770.23	274.21	568.18	2143.64
EPS (Diluted)	225.40	770.23	274.21	568.18	2143.64
EPS Growth	-70.74%	180.89%	-51.74%	-73.49%	160.77%
Free Cash Flow	-169,988	318,813	-241,304	-257,789	-63,098
Free Cash Flow Per Share	-2247.16	4269.92	-4647.66	-4968.92	-2256.42
Gross Margin	9.16%	11.64%	11.10%	13.17%	14.15%
Operating Margin	3.86%	5.78%	4.14%	4.90%	7.81%
Profit Margin	1.50%	4.67%	1.31%	3.04%	6.77%
Free Cash Flow Margin	-14.92%	25.86%	-22.18%	-26.59%	-7.13%
EBITDA	52,582	82,191	56,268	59,242	80,674
EBITDA Margin	4.61%	6.67%	5.17%	6.11%	9.11%
D&A For EBITDA	8,553	10,940	11,251	11,714	11,523
EBIT	44,028	71,251	45,017	47,527	69,151
EBIT Margin	3.86%	5.78%	4.14%	4.90%	7.81%
Effective Tax Rate	30.15%	22.64%	30.64%	14.35%	18.65%
Revenue as Reported	1,139,312	1,232,706	1,088,149	969,624	885,141

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.