NO. 2 Industrial Urban Development JSC (HOSE:D2D)

HOSE:D2D Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2013	FY 2012	FY 2011
Period Ending	Sep 30, 2025	Dec 31, 2024	Jan 1, 2024	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Revenue	1,011,439	346,321	194,833	238,066	294,741	249,118
Revenue Growth (YoY)	419.13%	77.75%	-18.16%	-19.23%	18.31%	12.83%
Cost of Revenue	528,299	191,393	149,486	140,222	221,139	178,017
Gross Profit	483,140	154,929	45,347	97,844	73,602	71,101
Selling, General & Admin	81,483	45,174	29,161	35,842	26,476	30,388
Operating Expenses	82,223	45,174	29,161	35,842	26,476	30,388
Operating Income	400,917	109,754	16,187	62,002	47,127	40,713
Interest Expense	-979.45	-979.45	-	-529.12	-386.63	-1,189
Interest & Investment Income	5,644	2,938	16,732	9,465	12,597	23,825
Earnings From Equity Investments	-	-	-	-3,031	-3,187	-5,790
Other Non Operating Income (Expenses)	-3,149	-1,012	-943.73	-5,097	4,199	12.47
EBT Excluding Unusual Items	402,432	110,701	31,975	62,810	60,348	57,572
Impairment of Goodwill	-	-	-	-949.07	-	-
Gain (Loss) on Sale of Investments	3,149	-	-	-	-4,132	-
Gain (Loss) on Sale of Assets	-	-	-	-115.84	-2.82	-
Pretax Income	405,581	110,701	31,975	61,745	56,214	57,572
Income Tax Expense	81,229	22,492	6,222	16,417	15,162	14,668
Earnings From Continuing Operations	324,352	88,209	25,753	45,328	41,052	42,903
Minority Interest in Earnings	-	-	-	-579.39	-1,795	-2,622
Net Income	324,352	88,209	25,753	44,749	39,257	40,281
Preferred Dividends & Other Adjustments	14,784	14,784	3,172	-	-	-
Net Income to Common	309,568	73,425	22,581	44,749	39,257	40,281
Net Income Growth	1159.46%	242.52%	-42.45%	13.99%	-2.54%	-59.06%
Shares Outstanding (Basic)	30	30	30	30	30	30
Shares Outstanding (Diluted)	30	30	30	30	30	30
Shares Change (YoY)	-	-	-0.00%	-	-	-
EPS (Basic)	10230.35	2426.49	746.25	1478.80	1297.31	1331.16
EPS (Diluted)	10229.86	2426.00	746.00	1478.80	1297.31	1331.16
EPS Growth	1271.29%	225.20%	-49.55%	13.99%	-2.54%	-59.06%
Free Cash Flow	752,364	233,200	-106,975	170,173	61,282	-70,565
Free Cash Flow Per Share	24863.52	7706.60	-3535.21	5623.66	2025.18	-2331.94
Dividend Per Share	8400.000	8400.000	-	880.282	-	-
Gross Margin	47.77%	44.73%	23.28%	41.10%	24.97%	28.54%
Operating Margin	39.64%	31.69%	8.31%	26.04%	15.99%	16.34%
Profit Margin	30.61%	21.20%	11.59%	18.80%	13.32%	16.17%
Free Cash Flow Margin	74.39%	67.34%	-54.91%	71.48%	20.79%	-28.33%
EBITDA	421,568	130,503	45,057	73,637	58,354	54,791
EBITDA Margin	41.68%	37.68%	23.13%	30.93%	19.80%	21.99%
D&A For EBITDA	20,651	20,748	28,871	11,635	11,227	14,078
EBIT	400,917	109,754	16,187	62,002	47,127	40,713
EBIT Margin	39.64%	31.69%	8.31%	26.04%	15.99%	16.34%
Effective Tax Rate	20.03%	20.32%	19.46%	26.59%	26.97%	25.48%
Revenue as Reported	1,011,439	346,321	194,833	238,066	294,741	249,118

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