Tien Son Thanh Hoa Group JSC (HOSE:AAT)

HOSE:AAT Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Jan 1, 2024	Jan 1, 2023
Revenue	1,008,681	583,010	599,355	961,626
Revenue Growth (YoY)	73.01%	-2.73%	-37.67%	-
Cost of Revenue	920,893	530,234	552,233	830,694
Gross Profit	87,789	52,776	47,121	130,931
Selling, General & Admin	28,452	45,699	17,523	18,946
Operating Expenses	28,452	45,973	22,644	18,946
Operating Income	59,337	6,803	24,477	111,986
Interest Expense	-33,111	-20,669	-23,347	-19,228
Interest & Investment Income	2,823	6,691	2,302	77.5
Currency Exchange Gain (Loss)	-	-3,857	-2,044	-1,653
Other Non Operating Income (Expenses)	-792.4	-253.27	-2,416	-448.25
EBT Excluding Unusual Items	28,256	-11,286	-1,028	90,734
Gain (Loss) on Sale of Assets	-	220.57	556.62	-
Other Unusual Items	-	6,187	140.45	-
Pretax Income	28,256	-4,879	-330.96	90,734
Income Tax Expense	5,607	3,432	2,136	23,100
Earnings From Continuing Operations	22,649	-8,311	-2,467	67,634
Minority Interest in Earnings	7,268	-34.88	-	-
Net Income	29,917	-8,346	-2,467	67,634
Net Income to Common	29,917	-8,346	-2,467	67,634
Shares Outstanding (Basic)	71	71	71	71
Shares Outstanding (Diluted)	71	71	71	71
Shares Change (YoY)	0.10%	-	-	-
EPS (Basic)	422.00	-117.85	-34.83	955.02
EPS (Diluted)	422.00	-118.00	-35.00	955.00
Free Cash Flow	-94,562	-95,031	34,656	-352,557
Free Cash Flow Per Share	-1333.87	-1341.88	489.35	-4978.27
Gross Margin	8.70%	9.05%	7.86%	13.62%
Operating Margin	5.88%	1.17%	4.08%	11.64%
Profit Margin	2.97%	-1.43%	-0.41%	7.03%
Free Cash Flow Margin	-9.38%	-16.30%	5.78%	-36.66%
EBITDA	116,880	64,685	67,447	150,795
EBITDA Margin	11.59%	11.09%	11.25%	15.68%
D&A For EBITDA	57,544	57,882	42,969	38,809
EBIT	59,337	6,803	24,477	111,986
EBIT Margin	5.88%	1.17%	4.08%	11.64%
Effective Tax Rate	19.84%	-	-	25.46%
Revenue as Reported	1,008,681	583,010	599,355	961,626

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