HNX:VHE 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	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	534,711	436,102	314,415	265,324	230,643
Revenue Growth (YoY)	22.61%	38.70%	18.50%	15.04%	60.64%
Cost of Revenue	491,808	420,327	301,640	254,103	197,316
Gross Profit	42,903	15,775	12,775	11,222	33,327
Selling, General & Admin	6,472	6,951	5,902	4,905	25,241
Operating Expenses	6,472	6,951	5,902	4,905	25,241
Operating Income	36,431	8,824	6,873	6,316	8,085
Interest Expense	-14,005	-6,725	-4,815	-4,303	-5,289
Interest & Investment Income	2.08	2.22	2.83	74.05	110.25
Currency Exchange Gain (Loss)	-60.12	279.05	173.04	-	-
Other Non Operating Income (Expenses)	-220.76	-45.7	-192.03	-230.35	-209.11
EBT Excluding Unusual Items	22,146	2,335	2,042	1,857	2,698
Gain (Loss) on Sale of Assets	-16.06	-	-	-	-
Pretax Income	22,130	2,335	2,042	1,857	2,698
Income Tax Expense	4,488	401.45	415.08	425.81	580.34
Earnings From Continuing Operations	17,642	1,934	1,627	1,431	2,118
Minority Interest in Earnings	-50.05	-49.72	-	-	-
Net Income	17,592	1,884	1,627	1,431	2,118
Net Income to Common	17,592	1,884	1,627	1,431	2,118
Net Income Growth	833.77%	15.78%	13.70%	-32.41%	-76.78%
Shares Outstanding (Basic)	33	33	33	33	32
Shares Outstanding (Diluted)	33	33	33	33	32
Shares Change (YoY)	-	-	-0.43%	5.31%	-
EPS (Basic)	530.85	56.85	49.10	43.00	67.00
EPS (Diluted)	530.85	56.85	49.10	43.00	67.00
EPS Growth	833.77%	15.78%	14.19%	-35.82%	-
Free Cash Flow	-93,053	-2,063	100,884	7,253	-162,445
Free Cash Flow Per Share	-2807.88	-62.24	3044.18	217.92	-5139.55
Gross Margin	8.02%	3.62%	4.06%	4.23%	14.45%
Operating Margin	6.81%	2.02%	2.19%	2.38%	3.51%
Profit Margin	3.29%	0.43%	0.52%	0.54%	0.92%
Free Cash Flow Margin	-17.40%	-0.47%	32.09%	2.73%	-70.43%
EBITDA	43,254	15,495	13,756	13,210	14,700
EBITDA Margin	8.09%	3.55%	4.38%	4.98%	6.37%
D&A For EBITDA	6,823	6,671	6,883	6,894	6,614
EBIT	36,431	8,824	6,873	6,316	8,085
EBIT Margin	6.81%	2.02%	2.19%	2.38%	3.51%
Effective Tax Rate	20.28%	17.19%	20.32%	22.93%	21.51%
Revenue as Reported	534,711	436,102	314,415	265,324	230,643

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