An Phat Holdings JSC 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
Revenue	9,706,776	10,741,288	14,192,572	14,521,936	17,326,615	14,793,871
Revenue Growth	-21.64%	-24.32%	-2.27%	-16.19%	17.12%	74.36%
Cost of Revenue	8,162,986	9,236,495	12,409,096	13,095,884	15,808,814	13,095,850
Gross Profit	1,543,790	1,504,793	1,783,476	1,426,052	1,517,800	1,698,021
Selling, General & Admin	906,506	933,710	1,318,292	1,076,046	1,277,033	1,298,582
Operating Expenses	906,506	933,710	1,318,292	1,076,046	1,277,033	1,298,582
Operating Income	637,284	571,083	465,184	350,006	240,767	399,439
Interest Expense	-174,645	-148,784	-198,556	-299,820	-290,476	-272,342
Interest & Investment Income	18,317	53,775	97,927	190,644	136,333	115,917
Earnings From Equity Investments	139,028	43,908	18,969	16,296	5,587	-3,311
Currency Exchange Gain (Loss)	9,453	91,200	141,079	50,840	58,687	45,366
Other Non Operating Income (Expenses)	121,591	-32,390	-9,538	-6,842	-9,998	59,969
EBT Excluding Unusual Items	751,028	578,792	515,065	301,125	140,901	345,037
Gain (Loss) on Sale of Investments	-	-	-	-	16,701	-
Gain (Loss) on Sale of Assets	-66,699	-66,699	4,550	4,369	-2,028	2,292
Other Unusual Items	-1,223	-1,223	-98,338	9,524	1,586	-20,775
Pretax Income	688,099	515,863	421,844	315,018	157,160	326,555
Income Tax Expense	141,443	113,792	112,276	95,735	99,750	88,105
Earnings From Continuing Operations	546,656	402,071	309,568	219,283	57,410	238,449
Minority Interest in Earnings	-301,563	-238,541	-190,516	-184,629	-76,886	-179,600
Net Income	245,092	163,530	119,052	34,654	-19,476	58,849
Preferred Dividends & Other Adjustments	-	-	26,359	60,472	15,698	36,674
Net Income to Common	245,092	163,530	92,693	-25,818	-35,174	22,176
Net Income Growth	96.85%	76.42%	-	-	-	-28.18%
Shares Outstanding (Basic)	-	244	244	244	244	240
Shares Outstanding (Diluted)	-	244	244	244	244	240
Shares Change	-	-	-	-	1.64%	11.11%
EPS (Basic)	-	670.52	380.07	-105.86	-144.22	92.42
EPS (Diluted)	-	670.52	380.00	-106.00	-144.22	92.00
EPS Growth	-	76.45%	-	-	-	-35.66%

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	-618,714	-435,415	-113,363	2,090,430	-28,680	-426,505
Free Cash Flow Per Share	-	-1785.34	-464.82	8571.40	-117.59	-1777.49
Gross Margin	15.90%	14.01%	12.57%	9.82%	8.76%	11.48%
Operating Margin	6.57%	5.32%	3.28%	2.41%	1.39%	2.70%
Profit Margin	2.53%	1.52%	0.65%	-0.18%	-0.20%	0.15%
Free Cash Flow Margin	-6.37%	-4.05%	-0.80%	14.39%	-0.17%	-2.88%
EBITDA	1,152,979	1,089,438	983,049	839,589	718,430	883,819
EBITDA Margin	11.88%	10.14%	6.93%	5.78%	4.15%	5.97%
D&A For EBITDA	515,695	518,355	517,864	489,583	477,663	484,380
EBIT	637,284	571,083	465,184	350,006	240,767	399,439
EBIT Margin	6.57%	5.32%	3.28%	2.41%	1.39%	2.70%
Effective Tax Rate	20.56%	22.06%	26.62%	30.39%	63.47%	26.98%
Revenue as Reported	9,706,776	10,741,288	14,192,572	14,521,936	17,326,615	14,793,871