HNX:VNR 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	2,232,294	1,936,123	1,549,059	1,334,536	1,280,631	1,384,548
Total Interest & Dividend Income	74,603	432,443	406,647	450,042	232,930	290,943
Gain (Loss) on Sale of Investments	41,047	41,047	5,493	20,617	91,425	88,012
Other Revenue	549,019	462,266	354,356	295,517	233,677	221,314
Total Revenue	2,896,963	2,871,879	2,315,555	2,100,712	1,838,663	1,984,816
Revenue Growth	1.67%	24.02%	10.23%	14.25%	-7.36%	2.40%
Policy Benefits	878,515	851,867	793,805	529,633	357,386	403,385
Policy Acquisition & Underwriting Costs	1,636,374	1,291,053	886,196	821,561	892,990	1,049,235
Selling, General & Administrative	132,651	129,179	123,317	126,800	116,490	89,519
Other Operating Expenses	45,378	79,771	57,160	138,618	26,701	23,487
Total Operating Expenses	2,692,918	2,351,870	1,860,478	1,616,612	1,393,567	1,565,626
Operating Income	204,045	520,009	455,077	484,100	445,097	419,190
Interest Expense	-35,698	-12,531	-11,012	-3,289	-11,857	-12,869
Earnings From Equity Investments	32,559	26,254	33,144	39,164	39,783	32,381
Currency Exchange Gain (Loss)	-214.98	-214.98	9,015	-15,310	-4,786	2,493
Other Non Operating Income (Expenses)	373,875	-8,103	-5,335	-4,802	-5,309	-17,908
Pretax Income	574,566	525,414	480,889	499,863	462,927	423,287
Income Tax Expense	102,911	86,225	76,431	76,424	84,543	76,231
Earnings From Continuing Ops.	471,655	439,188	404,458	423,439	378,385	347,056
Minority Interest in Earnings	-3,089	-2,014	466.32	-2,014	1,772	-106.66
Net Income	468,566	437,175	404,924	421,425	380,157	346,949
Preferred Dividends & Other Adjustments	7,218	13,515	11,522	12,699	10,706	10,050
Net Income to Common	461,348	423,659	393,402	408,726	369,451	336,899
Net Income Growth	-0.38%	7.69%	-3.75%	10.63%	9.66%	11.09%
Shares Outstanding (Basic)	200	211	211	211	211	211
Shares Outstanding (Diluted)	200	211	211	211	211	211
Shares Change	-11.26%	-	-	-	-	-
EPS (Basic)	2304.26	2011.08	1867.46	1940.20	1753.76	1599.23
EPS (Diluted)	2304.26	2011.08	1867.46	1940.18	1753.64	1599.23
EPS Growth	12.27%	7.69%	-3.75%	10.64%	9.65%	11.09%

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	250,545	186,376	320,754	314,331	31,504	-42,345
Free Cash Flow Per Share	1251.38	884.71	1522.60	1492.11	149.55	-201.01
Dividend Per Share	952.381	952.381	865.801	787.092	715.538	930.199
Dividend Growth	10.00%	10.00%	10.00%	10.00%	-23.08%	-0.33%
Operating Margin	7.04%	18.11%	19.65%	23.04%	24.21%	21.12%
Profit Margin	15.93%	14.75%	16.99%	19.46%	20.09%	16.97%
Free Cash Flow Margin	8.65%	6.49%	13.85%	14.96%	1.71%	-2.13%
EBITDA	207,698	524,512	460,715	487,861	446,485	420,323
EBITDA Margin	7.17%	18.26%	19.90%	23.22%	24.28%	21.18%
D&A For EBITDA	3,652	4,503	5,638	3,761	1,388	1,133
EBIT	204,045	520,009	455,077	484,100	445,097	419,190
EBIT Margin	7.04%	18.11%	19.65%	23.04%	24.21%	21.12%
Effective Tax Rate	17.91%	16.41%	15.89%	15.29%	18.26%	18.01%
Revenue as Reported	2,781,313	2,398,389	1,903,415	1,630,053	1,514,308	1,605,862