Accolade 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	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Jan '21 Jan 1, 2021	2016 - 2020
Revenue	12,155,023	12,013,118	11,973,154	13,749,222	11,397,926	12,524,614	Upgrade
Revenue Growth (YoY)	4.83%	0.33%	-12.92%	20.63%	-9.00%	-11.95%	Upgrade
Cost of Revenue	10,785,859	10,635,713	10,632,178	11,802,963	10,098,311	11,174,196	Upgrade
Gross Profit	1,369,164	1,377,405	1,340,976	1,946,259	1,299,615	1,350,418	Upgrade
Selling, General & Admin	546,158	519,677	464,316	621,701	427,716	426,238	Upgrade
Operating Expenses	546,158	519,677	464,316	621,701	427,716	426,238	Upgrade
Operating Income	823,006	857,728	876,660	1,324,558	871,899	924,180	Upgrade
Interest Expense	-697,691	-661,139	-741,754	-470,436	-445,545	-518,023	Upgrade
Interest & Investment Income	180,891	152,192	172,037	222,444	177,891	209,011	Upgrade
Currency Exchange Gain (Loss)	-69,485	-19,135	-5,552	-35,286	8,265	12,116	Upgrade
Other Non Operating Income (Expenses)	-28,228	-12,618	-2,025	16,149	170,739	-4,085	Upgrade
EBT Excluding Unusual Items	208,494	317,028	299,365	1,057,429	783,249	623,200	Upgrade
Gain (Loss) on Sale of Investments	73.7	-	17,886	4,539	-462.2	-78	Upgrade
Gain (Loss) on Sale of Assets	49.11	66.22	1,891	15.83	3,510	1,184	Upgrade
Pretax Income	208,617	317,094	319,141	1,061,984	786,296	624,305	Upgrade
Income Tax Expense	61,938	66,107	67,442	99,399	82,409	51,948	Upgrade
Earnings From Continuing Operations	146,679	250,987	251,699	962,585	703,888	572,357	Upgrade
Minority Interest in Earnings	-81,415	-70,133	-56,665	-334,195	-103,451	-96,894	Upgrade
Net Income	65,264	180,854	195,034	628,390	600,437	475,464	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	2,000	-	2,000	Upgrade
Net Income to Common	65,264	180,854	195,034	626,390	600,437	473,464	Upgrade
Net Income Growth	-66.09%	-7.27%	-68.96%	4.66%	26.28%	-25.35%	Upgrade
Shares Outstanding (Basic)	350	350	370	367	370	370	Upgrade
Shares Outstanding (Diluted)	350	350	370	367	427	427	Upgrade
Shares Change (YoY)	-10.05%	-5.55%	0.83%	-14.04%	-	17.65%	Upgrade
EPS (Basic)	186.67	517.29	526.86	1706.15	1622.01	1279.01	Upgrade
EPS (Diluted)	186.33	517.00	526.86	1706.15	1405.45	852.45	Upgrade
EPS Growth	-62.42%	-1.87%	-69.12%	21.39%	64.87%	-51.41%	Upgrade
Free Cash Flow	-421,271	-1,223,201	-592,351	-1,823,067	477,095	-2,013,653	Upgrade
Free Cash Flow Per Share	-1204.94	-3498.67	-1600.17	-4965.63	1117.07	-4714.77	Upgrade
Dividend Per Share	-	-	-	-	1363.636	-	Upgrade
Gross Margin	11.26%	11.47%	11.20%	14.16%	11.40%	10.78%	Upgrade
Operating Margin	6.77%	7.14%	7.32%	9.63%	7.65%	7.38%	Upgrade
Profit Margin	0.54%	1.50%	1.63%	4.56%	5.27%	3.78%	Upgrade
Free Cash Flow Margin	-3.47%	-10.18%	-4.95%	-13.26%	4.19%	-16.08%	Upgrade
EBITDA	1,295,850	1,295,934	1,327,245	1,737,391	1,284,563	1,215,467	Upgrade
EBITDA Margin	10.66%	10.79%	11.09%	12.64%	11.27%	9.71%	Upgrade
D&A For EBITDA	472,844	438,205	450,586	412,832	412,663	291,288	Upgrade
EBIT	823,006	857,728	876,660	1,324,558	871,899	924,180	Upgrade
EBIT Margin	6.77%	7.14%	7.32%	9.63%	7.65%	7.38%	Upgrade
Effective Tax Rate	29.69%	20.85%	21.13%	9.36%	10.48%	8.32%	Upgrade
Revenue as Reported	12,155,023	12,013,118	11,973,154	13,749,222	11,397,926	12,524,614	Upgrade

Updated Feb 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.