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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	23,890,143	21,129,622	16,607,269
Revenue Growth (YoY)	41.25%	27.23%	-
Cost of Revenue	20,115,458	18,065,661	14,581,337
Gross Profit	3,774,685	3,063,961	2,025,931
Selling, General & Admin	965,324	867,335	747,973
Operating Expenses	965,324	867,335	747,973
Operating Income	2,809,361	2,196,626	1,277,959
Interest Expense	-407,920	-491,750	-755,661
Interest & Investment Income	152,601	153,684	200,215
Earnings From Equity Investments	85,888	24,720	1,121
Currency Exchange Gain (Loss)	26,898	24,220	-24,996
Other Non Operating Income (Expenses)	-21,960	-57,519	-16,589
EBT Excluding Unusual Items	2,644,868	1,849,981	682,048
Gain (Loss) on Sale of Investments	15,650	302,939	285,043
Pretax Income	2,660,519	2,152,920	967,090
Income Tax Expense	543,282	438,344	174,420
Earnings From Continuing Operations	2,117,236	1,714,576	792,670
Minority Interest in Earnings	-169,893	-126,341	-47,293
Net Income	1,947,343	1,588,235	745,377
Preferred Dividends & Other Adjustments	-5,855	-	7,410
Net Income to Common	1,953,198	1,588,235	737,968
Net Income Growth	150.22%	113.08%	-
Shares Outstanding (Basic)	362	360	360
Shares Outstanding (Diluted)	362	360	360
EPS (Basic)	5401.31	4411.76	2049.91
EPS (Diluted)	5401.31	4411.76	2049.91
EPS Growth	153.38%	115.22%	-
Free Cash Flow	1,164,857	385,619	2,077,904
Free Cash Flow Per Share	3221.25	1071.16	5771.96
Dividend Per Share	2500.000	2500.000	-
Gross Margin	15.80%	14.50%	12.20%
Operating Margin	11.76%	10.40%	7.70%
Profit Margin	8.18%	7.52%	4.44%
Free Cash Flow Margin	4.88%	1.82%	12.51%
EBITDA	3,165,091	2,595,657	1,860,134
EBITDA Margin	13.25%	12.28%	11.20%
D&A For EBITDA	355,730	399,031	582,175
EBIT	2,809,361	2,196,626	1,277,959
EBIT Margin	11.76%	10.40%	7.70%
Effective Tax Rate	20.42%	20.36%	18.04%
Revenue as Reported	23,890,143	21,129,622	16,607,269

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