First Real JSC (HOSE:FIR)

First Real JSC Income Statement

Financials in millions VND. Fiscal year is October - September.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2016
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Dec 31, 2016
Revenue	99,005	123,962	169,125	384,512	9,741
Revenue Growth (YoY)	-20.13%	-26.70%	-56.02%	3847.45%	165.06%
Cost of Revenue	37,312	48,153	69,184	129,329	3,859
Gross Profit	61,693	75,809	99,940	255,183	5,882
Selling, General & Admin	10,528	20,165	28,389	86,732	2,610
Operating Expenses	10,528	20,165	28,389	86,732	2,610
Operating Income	51,165	55,643	71,551	168,450	3,272
Interest Expense	-27,449	-47,034	-52,944	-21,037	-104.42
Interest & Investment Income	-	42.84	16,984	-	1.87
Earnings From Equity Investments	483.45	39.61	-	-	-
Other Non Operating Income (Expenses)	-6,829	-259.22	-7,817	-2,522	-0
Pretax Income	17,370	8,432	27,774	144,892	3,169
Income Tax Expense	4,999	7,822	8,688	30,301	634.14
Earnings From Continuing Operations	12,371	610.19	19,087	114,591	2,535
Minority Interest in Earnings	0.95	1.03	0.32	-0.3	-
Net Income	12,372	611.22	19,087	114,590	2,535
Net Income to Common	12,372	611.22	19,087	114,590	2,535
Net Income Growth	1924.08%	-96.80%	-83.34%	4420.48%	1174.41%
Shares Outstanding (Basic)	71	71	71	71	7
Shares Outstanding (Diluted)	71	71	71	71	7
Shares Change (YoY)	0.04%	-	0.02%	978.23%	764.75%
EPS (Basic)	175.00	8.65	270.09	1621.82	386.84
EPS (Diluted)	175.00	8.65	270.00	1621.82	386.84
EPS Growth	1923.35%	-96.80%	-83.35%	319.25%	47.37%
Free Cash Flow	223,296	29,361	-52,059	-297,150	-18,750
Free Cash Flow Per Share	3158.57	415.47	-736.65	-4205.61	-2861.34
Gross Margin	62.31%	61.16%	59.09%	66.36%	60.38%
Operating Margin	51.68%	44.89%	42.31%	43.81%	33.59%
Profit Margin	12.50%	0.49%	11.29%	29.80%	26.02%
Free Cash Flow Margin	225.54%	23.69%	-30.78%	-77.28%	-192.49%
EBITDA	52,016	56,723	73,116	170,564	3,517
EBITDA Margin	52.54%	45.76%	43.23%	44.36%	36.10%
D&A For EBITDA	851.09	1,080	1,565	2,114	245.12
EBIT	51,165	55,643	71,551	168,450	3,272
EBIT Margin	51.68%	44.89%	42.31%	43.81%	33.59%
Effective Tax Rate	28.78%	92.76%	31.28%	20.91%	20.01%
Revenue as Reported	99,005	123,962	169,125	384,512	9,741

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.