HNX:VSM Income Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	277,004	213,828	162,946	212,310	221,028	234,778
Revenue Growth (YoY)	33.82%	31.23%	-23.25%	-3.94%	-5.86%	-1.29%
Cost of Revenue	243,523	187,086	137,695	186,799	198,271	207,477
Gross Profit	33,482	26,742	25,251	25,511	22,757	27,302
Selling, General & Admin	21,906	19,454	16,744	17,797	15,988	18,702
Operating Expenses	21,906	19,454	16,744	17,797	15,988	18,702
Operating Income	11,575	7,288	8,507	7,714	6,769	8,599
Interest & Investment Income	2,929	2,399	4,190	2,869	3,796	3,233
Currency Exchange Gain (Loss)	72.59	29.92	188.97	-	-	-
Other Non Operating Income (Expenses)	1,298	2,253	3,917	1,624	1,228	2,408
EBT Excluding Unusual Items	15,875	11,970	16,803	12,207	11,793	14,241
Gain (Loss) on Sale of Investments	6,210	6,210	728.76	-	-	-
Gain (Loss) on Sale of Assets	-14.2	979.56	537.81	-	-	-
Pretax Income	22,070	19,159	18,069	12,207	11,793	14,241
Income Tax Expense	4,422	3,785	3,560	2,441	2,278	2,787
Net Income	17,649	15,375	14,509	9,765	9,515	11,453
Preferred Dividends & Other Adjustments	-	-	4,054	-	-	-
Net Income to Common	17,649	15,375	10,455	9,765	9,515	11,453
Net Income Growth	14.40%	5.97%	48.58%	2.63%	-16.93%	79.91%
Shares Outstanding (Basic)	9	9	9	-	-	-
Shares Outstanding (Diluted)	9	9	9	-	-	-
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	1961.00	1708.28	1161.64	-	-	-
EPS (Diluted)	1960.71	1708.00	1161.64	-	-	-
EPS Growth	55.17%	47.03%	-	-	-	-
Free Cash Flow	19,498	8,974	461.4	5,962	4,193	13,501
Free Cash Flow Per Share	2166.41	997.13	51.27	-	-	-
Dividend Per Share	1140.000	1140.000	-	1000.000	-	1200.000
Gross Margin	12.09%	12.51%	15.50%	12.02%	10.30%	11.63%
Operating Margin	4.18%	3.41%	5.22%	3.63%	3.06%	3.66%
Profit Margin	6.37%	7.19%	6.42%	4.60%	4.30%	4.88%
Free Cash Flow Margin	7.04%	4.20%	0.28%	2.81%	1.90%	5.75%
EBITDA	13,879	10,879	12,371	8,593	7,650	12,718
EBITDA Margin	5.01%	5.09%	7.59%	4.05%	3.46%	5.42%
D&A For EBITDA	2,303	3,591	3,864	879	881.27	4,118
EBIT	11,575	7,288	8,507	7,714	6,769	8,599
EBIT Margin	4.18%	3.41%	5.22%	3.63%	3.06%	3.66%
Effective Tax Rate	20.03%	19.75%	19.70%	20.00%	19.31%	19.57%
Revenue as Reported	277,004	213,828	162,946	212,310	221,028	234,778

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.