Ba Ria Thermal Power JSC (HOSE:BTP)

Vietnam · Delayed Price · Currency is VND

6,550.00

+10.00 (0.15%)

At close: Nov 3, 2026

Ba Ria Thermal Power JSC Financials Overview

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

Millions VND. Fiscal year is Jan - Dec.

Revenue & Profits

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	278,252	263,278	357,407	779,821	513,492	1,212,907
Revenue Growth	3.09%	-26.34%	-54.17%	51.87%	-57.66%	61.68%
Net Income	50,231	42,571	33,093	59,508	59,537	115,085
Earnings Per Share	-	703.82	547.12	983.85	984.32	1902.68
EPS Growth	-	28.64%	-44.39%	-0.05%	-48.27%	59.13%

Cash & Debt

Fiscal Year	Current	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
Cash & Investments	337,266	263,492	289,293	377,812	395,170	407,986
Total Debt	71,856	94,809	135,466	195,515	245,768	302,268
Net Cash (Debt)	265,410	168,683	153,827	182,298	149,402	105,717
Net Cash Growth	35.70%	9.66%	-15.62%	22.02%	41.32%	-45.24%
Net Cash Per Share	-	2788.81	2543.20	3013.90	2470.04	1747.81

Cash Flow & CapEx

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
Operating Cash Flow	94,476	45,996	85,035	87,888	1,387	-98,724
Capital Expenditures	-55,326	-7,654	-308.52	-33,958	-77,368	-55,007
Free Cash Flow	39,150	38,342	84,727	53,930	-75,981	-153,731
Free Cash Flow Growth	-58.69%	-54.75%	57.10%	-	-	-

Margins

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
Pretax Margin	19.03%	16.79%	11.98%	9.35%	15.25%	12.31%
Profit Margin	18.05%	16.17%	9.26%	7.63%	11.59%	9.49%
FCF Margin	14.07%	14.56%	23.71%	6.92%	-14.80%	-12.68%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 3, 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
Dividend Per Share	500.000	500.000	330.000	3127.000	1200.000	1500.000
Dividend Per Share Growth	51.52%	51.52%	-89.45%	160.58%	-20.00%	36.36%
Dividend Yield	7.63%	5.56%	2.75%	19.67%	8.57%	8.43%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 3, 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
PE Ratio	7.89	12.77	21.93	16.16	14.22	9.36
Forward PE	-	9.42	9.42	9.42	9.42	9.42
P/FCF Ratio	10.12	14.18	8.57	17.83	-	-
PS Ratio	1.42	2.07	2.03	1.23	1.65	0.89