Ba Ria Thermal Power JSC Income Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	263,280	357,407	779,821	513,492	1,212,907
Revenue Growth (YoY)	-26.34%	-54.17%	51.87%	-57.66%	61.68%
Selling, General & Admin	40,171	39,948	37,325	33,979	37,144
Other Operating Expenses	220,470	343,888	767,355	480,715	1,145,618
Total Operating Expenses	260,641	383,836	804,680	514,694	1,182,762
Operating Income	2,639	-26,429	-24,859	-1,202	30,145
Interest Expense	-2,791	-3,975	-5,262	8,678	-8,274
Interest Income	46,621	58,173	97,661	59,173	81,965
Net Interest Expense	43,830	54,198	92,399	67,851	73,691
Currency Exchange Gain (Loss)	-2,736	16,180	5,085	11,482	39,083
Other Non-Operating Income (Expenses)	-1,803	-1,133	270.37	154.91	185.01
EBT Excluding Unusual Items	41,930	42,817	72,896	78,286	143,104
Gain (Loss) on Sale of Investments	-	-	-	-	6,224
Gain (Loss) on Sale of Assets	77.54	-	-	-	-
Pretax Income	42,007	42,817	72,896	78,286	149,328
Income Tax Expense	751.73	-	1,075	7,542	22,110
Net Income	41,256	42,817	71,821	70,744	127,218
Preferred Dividends & Other Adjustments	-	-	12,313	11,207	12,133
Net Income to Common	41,256	42,817	59,508	59,537	115,085
Net Income Growth	-3.65%	-40.38%	1.52%	-44.39%	57.19%
Shares Outstanding (Basic)	60	60	60	60	60
Shares Outstanding (Diluted)	60	60	60	60	60
EPS (Basic)	682.07	707.88	983.85	984.32	1902.68
EPS (Diluted)	682.07	707.88	983.85	984.32	1902.68
EPS Growth	-3.65%	-28.05%	-0.05%	-48.27%	59.13%
Free Cash Flow	38,342	84,727	53,930	-75,981	-153,731
Free Cash Flow Per Share	633.90	1400.78	891.62	-1256.19	-2541.62
Dividend Per Share	-	330.000	3127.000	1200.000	1500.000
Dividend Growth	-	-89.45%	160.58%	-20.00%	36.36%
Profit Margin	15.67%	11.98%	7.63%	11.59%	9.49%
Free Cash Flow Margin	14.56%	23.71%	6.92%	-14.80%	-12.68%
EBITDA	55,727	27,380	29,461	47,545	71,718
EBITDA Margin	21.17%	7.66%	3.78%	9.26%	5.91%
D&A For EBITDA	53,088	53,808	54,319	48,747	41,573
EBIT	2,639	-26,429	-24,859	-1,202	30,145
EBIT Margin	1.00%	-7.39%	-3.19%	-0.23%	2.48%
Effective Tax Rate	1.79%	-	1.47%	9.63%	14.81%
Revenue as Reported	263,280	357,407	779,821	513,492	-

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