HNX:VNR 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
Premiums & Annuity Revenue	1,936,123	1,549,059	1,334,536	1,280,631	1,384,548
Total Interest & Dividend Income	432,443	406,647	469,829	232,930	290,943
Gain (Loss) on Sale of Investments	41,047	5,493	24,095	91,425	88,012
Other Revenue	462,266	354,356	295,517	233,677	221,314
Total Revenue	2,871,879	2,315,555	2,123,977	1,838,663	1,984,816
Revenue Growth (YoY)	24.02%	9.02%	15.52%	-7.36%	2.40%
Policy Benefits	851,867	793,805	529,633	357,386	403,385
Policy Acquisition & Underwriting Costs	1,291,053	886,196	821,561	892,990	1,049,235
Selling, General & Administrative	129,179	123,317	129,153	116,490	89,519
Other Operating Expenses	79,771	57,160	138,618	26,701	23,487
Total Operating Expenses	2,351,870	1,860,478	1,618,965	1,393,567	1,565,626
Operating Income	520,009	455,077	505,012	445,097	419,190
Interest Expense	-12,531	-11,012	-9,827	-11,857	-12,869
Earnings From Equity Investments	26,254	33,144	-	39,783	32,381
Currency Exchange Gain (Loss)	-214.98	9,015	-15,310	-4,786	2,493
Other Non Operating Income (Expenses)	-8,103	-5,335	-6,233	-5,309	-17,908
Pretax Income	525,414	480,889	473,642	462,927	423,287
Income Tax Expense	86,225	76,431	76,424	84,543	76,231
Earnings From Continuing Ops.	439,188	404,458	397,218	378,385	347,056
Minority Interest in Earnings	-2,014	466.32	-	1,772	-106.66
Net Income	437,175	404,924	397,218	380,157	346,949
Preferred Dividends & Other Adjustments	13,515	11,522	-	10,706	10,050
Net Income to Common	423,659	393,402	397,218	369,451	336,899
Net Income Growth	7.96%	1.94%	4.49%	9.57%	11.12%
Shares Outstanding (Basic)	201	201	201	201	201
Shares Outstanding (Diluted)	201	201	201	201	201
EPS (Basic)	2111.64	1960.83	1979.85	1841.45	1679.20
EPS (Diluted)	2111.64	1960.83	1979.85	1841.32	1679.19
EPS Growth	7.69%	-0.96%	7.52%	9.65%	11.09%
Free Cash Flow	186,376	320,754	307,968	31,504	-42,345
Free Cash Flow Per Share	928.95	1598.73	1535.00	157.03	-211.06
Dividend Per Share	-	909.091	826.446	751.315	976.709
Dividend Growth	-	10.00%	10.00%	-23.08%	-0.33%
Operating Margin	18.11%	19.65%	23.78%	24.21%	21.12%
Profit Margin	14.75%	16.99%	18.70%	20.09%	16.97%
Free Cash Flow Margin	6.49%	13.85%	14.50%	1.71%	-2.13%
EBITDA	524,512	460,715	508,638	446,485	420,323
EBITDA Margin	18.26%	19.90%	23.95%	24.28%	21.18%
D&A For EBITDA	4,503	5,638	3,626	1,388	1,133
EBIT	520,009	455,077	505,012	445,097	419,190
EBIT Margin	18.11%	19.65%	23.78%	24.21%	21.12%
Effective Tax Rate	16.41%	15.89%	16.13%	18.26%	18.01%
Revenue as Reported	2,398,389	1,903,415	-	1,514,308	1,605,862

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