Gelex Electricity JSC Income Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	24,715,515	21,129,622	16,607,269
Revenue Growth (YoY)	34.55%	27.23%	-
Cost of Revenue	20,688,946	18,065,661	14,581,337
Gross Profit	4,026,568	3,063,961	2,025,931
Selling, General & Admin	1,076,120	867,335	747,973
Operating Expenses	1,076,120	867,335	747,973
Operating Income	2,950,449	2,196,626	1,277,959
Interest Expense	-375,533	-491,750	-755,661
Interest & Investment Income	155,412	153,684	200,215
Earnings From Equity Investments	66,881	24,720	1,121
Currency Exchange Gain (Loss)	34,347	24,220	-24,996
Other Non Operating Income (Expenses)	15,270	-57,519	-16,589
EBT Excluding Unusual Items	2,846,825	1,849,981	682,048
Gain (Loss) on Sale of Investments	1,487,747	302,939	285,043
Pretax Income	4,334,572	2,152,920	967,090
Income Tax Expense	843,424	438,344	174,420
Earnings From Continuing Operations	3,491,148	1,714,576	792,670
Minority Interest in Earnings	-180,605	-126,341	-47,293
Net Income	3,310,543	1,588,235	745,377
Preferred Dividends & Other Adjustments	-8,783	-	7,410
Net Income to Common	3,319,326	1,588,235	737,968
Net Income Growth	173.82%	113.08%	-
Shares Outstanding (Basic)	363	360	360
Shares Outstanding (Diluted)	363	360	360
EPS (Basic)	9147.40	4411.76	2049.91
EPS (Diluted)	9147.40	4411.76	2049.91
EPS Growth	175.77%	115.22%	-
Free Cash Flow	1,195,134	385,619	2,077,904
Free Cash Flow Per Share	3293.55	1071.16	5771.96
Dividend Per Share	2500.000	2500.000	-
Gross Margin	16.29%	14.50%	12.20%
Operating Margin	11.94%	10.40%	7.70%
Profit Margin	13.43%	7.52%	4.44%
Free Cash Flow Margin	4.84%	1.82%	12.51%
EBITDA	3,304,486	2,595,657	1,860,134
EBITDA Margin	13.37%	12.28%	11.20%
D&A For EBITDA	354,037	399,031	582,175
EBIT	2,950,449	2,196,626	1,277,959
EBIT Margin	11.94%	10.40%	7.70%
Effective Tax Rate	19.46%	20.36%	18.04%
Revenue as Reported	24,715,515	21,129,622	16,607,269

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