First Real JSC (HOSE:FIR)

First Real JSC Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2016
Period Ending	Dec 31, 2025	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Dec 31, 2016
Revenue	119,498	99,005	123,962	169,125	384,512	9,741
Revenue Growth (YoY)	70.93%	-20.13%	-26.70%	-56.02%	3847.45%	165.06%
Cost of Revenue	52,304	37,312	48,153	69,184	129,329	3,859
Gross Profit	67,194	61,693	75,809	99,940	255,183	5,882
Selling, General & Admin	2,208	10,528	20,165	28,389	86,732	2,610
Operating Expenses	2,208	10,528	20,165	28,389	86,732	2,610
Operating Income	64,985	51,165	55,643	71,551	168,450	3,272
Interest Expense	-27,023	-27,449	-47,034	-52,944	-21,037	-104.42
Interest & Investment Income	162.38	163.01	42.84	16,984	-	1.87
Earnings From Equity Investments	483.45	483.45	39.61	-	-	-
Other Non Operating Income (Expenses)	-7,055	-6,992	-259.22	-7,817	-2,522	-0
Pretax Income	31,553	17,370	8,432	27,774	144,892	3,169
Income Tax Expense	5,180	4,999	7,822	8,688	30,301	634.14
Earnings From Continuing Operations	26,373	12,371	610.19	19,087	114,591	2,535
Minority Interest in Earnings	0.51	0.95	1.03	0.32	-0.3	-
Net Income	26,374	12,372	611.22	19,087	114,590	2,535
Net Income to Common	26,374	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	71	7
Shares Outstanding (Diluted)	71	71	71	71	71	7
Shares Change (YoY)	0.03%	0.04%	-	0.02%	978.23%	764.75%
EPS (Basic)	373.04	174.99	8.65	270.09	1621.82	386.84
EPS (Diluted)	373.00	174.99	8.65	270.00	1621.82	386.84
EPS Growth	-	1923.23%	-96.80%	-83.35%	319.25%	47.37%
Free Cash Flow	94,181	223,296	29,361	-52,059	-297,150	-18,750
Free Cash Flow Per Share	1332.13	3158.38	415.47	-736.65	-4205.61	-2861.34
Gross Margin	56.23%	62.31%	61.16%	59.09%	66.36%	60.38%
Operating Margin	54.38%	51.68%	44.89%	42.31%	43.81%	33.59%
Profit Margin	22.07%	12.50%	0.49%	11.29%	29.80%	26.02%
Free Cash Flow Margin	78.81%	225.54%	23.69%	-30.78%	-77.28%	-192.49%
EBITDA	65,778	52,016	56,723	73,116	170,564	3,517
EBITDA Margin	55.05%	52.54%	45.76%	43.23%	44.36%	36.10%
D&A For EBITDA	792.41	851.09	1,080	1,565	2,114	245.12
EBIT	64,985	51,165	55,643	71,551	168,450	3,272
EBIT Margin	54.38%	51.68%	44.89%	42.31%	43.81%	33.59%
Effective Tax Rate	16.42%	28.78%	92.76%	31.28%	20.91%	20.01%
Revenue as Reported	119,498	99,005	123,962	169,125	384,512	9,741

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.