Bao Viet Holdings 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
Premiums & Annuity Revenue	40,123,665	39,126,184	39,347,977	39,907,574	35,894,484
Total Interest & Dividend Income	13,850,037	12,567,726	13,472,006	6,188,111	5,488,302
Gain (Loss) on Sale of Investments	110,832	8,742	-8,124	3,653,851	3,325,561
Non-Insurance Activities Revenue	590,243	555,874	602,344	607,102	750,299
Other Revenue	824,586	696,992	737,502	780,673	935,654
Total Revenue	55,499,363	52,955,517	54,151,705	51,137,311	46,394,300
Revenue Growth (YoY)	4.80%	-2.21%	5.90%	10.22%	4.64%
Policy Benefits	35,016,993	36,602,851	38,536,797	36,054,912	31,417,579
Policy Acquisition & Underwriting Costs	2,865,485	2,489,113	2,517,236	2,811,768	2,928,816
Selling, General & Administrative	8,887,979	7,071,399	6,049,095	6,301,478	6,262,427
Non-Insurance Activities Expense	630,862	545,882	611,365	588,173	676,872
Other Operating Expenses	1,721,544	1,589,904	1,528,083	1,625,867	1,798,609
Total Operating Expenses	49,122,863	48,299,150	49,242,575	47,382,199	43,084,302
Operating Income	6,376,500	4,656,367	4,909,130	3,755,112	3,309,997
Interest Expense	-2,156,096	-1,400,727	-2,127,803	-1,026,177	-639,339
Earnings From Equity Investments	104,096	94,085	102,049	86,452	92,994
Currency Exchange Gain (Loss)	-13,543	-13,928	-16,100	-16,219	7,613
Other Non Operating Income (Expenses)	-758,302	-673,440	-604,513	-791,214	-374,967
EBT Excluding Unusual Items	3,552,656	2,662,358	2,262,763	2,007,953	2,396,297
Gain (Loss) on Sale of Assets	1,775	813.78	668.13	2,210	1,737
Pretax Income	3,554,431	2,663,171	2,263,432	2,010,164	2,398,034
Income Tax Expense	632,860	469,003	382,129	384,557	379,620
Earnings From Continuing Ops.	2,921,572	2,194,169	1,881,303	1,625,606	2,018,414
Minority Interest in Earnings	-84,958	-83,672	-75,986	-74,612	-106,720
Net Income	2,836,614	2,110,497	1,805,317	1,550,994	1,911,694
Preferred Dividends & Other Adjustments	-	42,926	-	37,748	36,586
Net Income to Common	2,836,614	2,067,571	1,805,317	1,513,246	1,875,108
Net Income Growth	34.41%	16.91%	16.40%	-18.87%	19.66%
Shares Outstanding (Basic)	742	742	742	742	742
Shares Outstanding (Diluted)	742	742	742	742	742
EPS (Basic)	3821.27	2785.27	2431.98	2038.53	2526.00
EPS (Diluted)	3821.27	2785.27	2431.98	2038.53	2526.00
EPS Growth	37.20%	14.53%	19.30%	-19.30%	20.48%
Free Cash Flow	5,670,049	8,283,928	8,297,625	8,938,338	12,083,883
Free Cash Flow Per Share	7638.25	11159.47	11177.92	12041.04	16278.48
Dividend Per Share	-	1055.100	1003.700	954.000	3026.100
Dividend Growth	-	5.12%	5.21%	-68.47%	236.79%
Operating Margin	11.49%	8.79%	9.07%	7.34%	7.13%
Profit Margin	5.11%	3.90%	3.33%	2.96%	4.04%
Free Cash Flow Margin	10.22%	15.64%	15.32%	17.48%	26.05%
EBITDA	6,547,361	5,018,024	5,113,025	3,966,916	3,536,309
EBITDA Margin	11.80%	9.48%	9.44%	7.76%	7.62%
D&A For EBITDA	170,861	361,657	203,895	211,804	226,312
EBIT	6,376,500	4,656,367	4,909,130	3,755,112	3,309,997
EBIT Margin	11.49%	8.79%	9.07%	7.34%	7.13%
Effective Tax Rate	17.80%	17.61%	16.88%	19.13%	15.83%

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