Ba Ria Thermal Power JSC (HOSE:BTP)

Ba Ria Thermal Power JSC Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	261,117	263,278	357,407	779,821	513,492	1,212,907
Revenue Growth (YoY)	-28.46%	-26.34%	-54.17%	51.87%	-57.66%	61.68%
Selling, General & Admin	39,631	39,219	39,948	37,325	33,979	37,144
Other Operating Expenses	212,915	216,162	343,888	767,355	480,715	1,145,618
Total Operating Expenses	252,546	255,381	383,836	804,680	514,694	1,182,762
Operating Income	8,571	7,898	-26,429	-24,859	-1,202	30,145
Interest Expense	-2,526	-2,791	-3,975	-5,262	8,678	-8,274
Interest Income	55,446	46,621	58,173	97,661	59,173	81,965
Net Interest Expense	52,920	43,830	54,198	92,399	67,851	73,691
Currency Exchange Gain (Loss)	2,911	-2,736	16,180	5,085	11,482	39,083
Other Non-Operating Income (Expenses)	-2,364	-1,928	-1,133	270.37	154.91	185.01
EBT Excluding Unusual Items	62,038	47,063	42,817	72,896	78,286	143,104
Gain (Loss) on Sale of Investments	-	-2,863	-	-	-	6,224
Pretax Income	62,038	44,200	42,817	72,896	78,286	149,328
Income Tax Expense	4,321	1,629	-	1,075	7,542	22,110
Net Income	57,718	42,571	42,817	71,821	70,744	127,218
Preferred Dividends & Other Adjustments	-	-	9,724	12,313	11,207	12,133
Net Income to Common	57,718	42,571	33,093	59,508	59,537	115,085
Net Income Growth	30.82%	-0.57%	-40.38%	1.52%	-44.39%	57.19%
Shares Outstanding (Basic)	60	60	60	60	60	60
Shares Outstanding (Diluted)	60	60	60	60	60	60
EPS (Basic)	954.24	703.82	547.12	983.85	984.32	1902.68
EPS (Diluted)	954.24	703.82	547.12	983.85	984.32	1902.68
EPS Growth	67.81%	28.64%	-44.39%	-0.05%	-48.27%	59.13%
Free Cash Flow	68,881	38,342	84,727	53,930	-75,981	-153,731
Free Cash Flow Per Share	1138.80	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	22.10%	16.17%	9.26%	7.63%	11.59%	9.49%
Free Cash Flow Margin	26.38%	14.56%	23.71%	6.92%	-14.80%	-12.68%
EBITDA	60,947	60,985	28,002	29,461	47,545	71,718
EBITDA Margin	23.34%	23.16%	7.83%	3.78%	9.26%	5.91%
D&A For EBITDA	52,376	53,087	54,431	54,319	48,747	41,573
EBIT	8,571	7,898	-26,429	-24,859	-1,202	30,145
EBIT Margin	3.28%	3.00%	-7.39%	-3.19%	-0.23%	2.48%
Effective Tax Rate	6.97%	3.69%	-	1.47%	9.63%	14.81%
Revenue as Reported	261,117	263,278	357,407	779,821	513,492	-

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