Gelex Electricity JSC Income Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	25,463,151	21,129,622	16,607,269
Revenue Growth (YoY)	20.51%	27.23%	-
Cost of Revenue	21,352,368	18,065,661	14,581,337
Gross Profit	4,110,783	3,063,961	2,025,931
Selling, General & Admin	1,174,008	867,335	747,973
Operating Expenses	1,174,008	867,335	747,973
Operating Income	2,936,775	2,196,626	1,277,959
Interest Expense	-361,826	-491,750	-755,661
Interest & Investment Income	122,071	153,684	200,215
Earnings From Equity Investments	149,618	24,720	1,121
Currency Exchange Gain (Loss)	35,456	24,220	-24,996
Other Non Operating Income (Expenses)	1,131	-42,887	-16,589
EBT Excluding Unusual Items	2,883,225	1,864,613	682,048
Gain (Loss) on Sale of Investments	1,378,959	288,306	285,043
Pretax Income	4,262,184	2,152,920	967,090
Income Tax Expense	845,054	438,344	174,420
Earnings From Continuing Operations	3,417,131	1,714,576	792,670
Minority Interest in Earnings	-159,751	-126,341	-47,293
Net Income	3,257,380	1,588,235	745,377
Preferred Dividends & Other Adjustments	-	11,710	7,410
Net Income to Common	3,257,380	1,576,524	737,968
Net Income Growth	105.09%	113.08%	-
Shares Outstanding (Basic)	365	361	360
Shares Outstanding (Diluted)	365	361	360
Shares Change (YoY)	1.14%	0.28%	-
EPS (Basic)	8921.32	4367.10	2049.91
EPS (Diluted)	8921.32	4367.10	2049.91
EPS Growth	104.28%	113.04%	-
Free Cash Flow	-740,147	385,619	2,077,904
Free Cash Flow Per Share	-2027.12	1068.20	5771.96
Dividend Per Share	-	2500.000	-
Gross Margin	16.14%	14.50%	12.20%
Operating Margin	11.53%	10.40%	7.70%
Profit Margin	12.79%	7.46%	4.44%
Free Cash Flow Margin	-2.91%	1.82%	12.51%
EBITDA	3,281,683	2,595,657	1,860,134
EBITDA Margin	12.89%	12.28%	11.20%
D&A For EBITDA	344,908	399,031	582,175
EBIT	2,936,775	2,196,626	1,277,959
EBIT Margin	11.53%	10.40%	7.70%
Effective Tax Rate	19.83%	20.36%	18.04%
Revenue as Reported	25,463,151	21,129,622	16,607,269

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