Tien Son Thanh Hoa Group JSC (HOSE:AAT)

HOSE:AAT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Jan 1, 2024	Jan 1, 2023
Revenue	732,846	583,010	599,355	961,626
Revenue Growth (YoY)	22.27%	-2.73%	-37.67%	-
Cost of Revenue	658,961	530,234	552,233	830,694
Gross Profit	73,885	52,776	47,121	130,931
Selling, General & Admin	37,244	45,699	17,523	18,946
Operating Expenses	37,518	45,973	22,644	18,946
Operating Income	36,367	6,803	24,477	111,986
Interest Expense	-15,194	-20,669	-23,347	-19,228
Interest & Investment Income	6,668	6,691	2,302	77.5
Currency Exchange Gain (Loss)	-3,857	-3,857	-2,044	-1,653
Other Non Operating Income (Expenses)	-20,069	-253.27	-2,416	-448.25
EBT Excluding Unusual Items	3,915	-11,286	-1,028	90,734
Gain (Loss) on Sale of Assets	220.57	220.57	556.62	-
Other Unusual Items	6,187	6,187	140.45	-
Pretax Income	10,322	-4,879	-330.96	90,734
Income Tax Expense	6,019	3,432	2,136	23,100
Earnings From Continuing Operations	4,303	-8,311	-2,467	67,634
Minority Interest in Earnings	1,699	-34.88	-	-
Net Income	6,002	-8,346	-2,467	67,634
Net Income to Common	6,002	-8,346	-2,467	67,634
Shares Outstanding (Basic)	71	71	71	71
Shares Outstanding (Diluted)	71	71	71	71
EPS (Basic)	84.93	-117.85	-34.83	955.02
EPS (Diluted)	84.78	-118.00	-35.00	955.00
Free Cash Flow	-312,285	-95,031	34,656	-352,557
Free Cash Flow Per Share	-4419.17	-1341.88	489.35	-4978.27
Gross Margin	10.08%	9.05%	7.86%	13.62%
Operating Margin	4.96%	1.17%	4.08%	11.64%
Profit Margin	0.82%	-1.43%	-0.41%	7.03%
Free Cash Flow Margin	-42.61%	-16.30%	5.78%	-36.66%
EBITDA	104,606	64,685	67,447	150,795
EBITDA Margin	14.27%	11.09%	11.25%	15.68%
D&A For EBITDA	68,239	57,882	42,969	38,809
EBIT	36,367	6,803	24,477	111,986
EBIT Margin	4.96%	1.17%	4.08%	11.64%
Effective Tax Rate	58.31%	-	-	25.46%
Revenue as Reported	732,846	583,010	599,355	961,626

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