Hoa Phat Group JSC Income Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Revenue	171,395,267	156,116,095	138,855,112	118,953,028	141,409,274	149,679,790
Revenue Growth (YoY)	17.70%	12.43%	16.73%	-15.88%	-5.53%	66.09%
Cost of Revenue	143,956,565	131,618,306	120,357,563	106,015,187	124,645,848	108,571,380
Gross Profit	27,438,703	24,497,788	18,497,549	12,937,841	16,763,426	41,108,410
Selling, General & Admin	4,715,979	4,070,168	3,882,825	3,268,652	3,685,250	3,444,330
Operating Expenses	4,715,979	4,070,168	3,882,825	3,268,652	3,685,250	3,444,330
Operating Income	22,722,723	20,427,620	14,614,724	9,669,188	13,078,176	37,664,080
Interest Expense	-3,821,246	-3,114,856	-2,287,361	-3,585,078	-3,083,638	-2,525,823
Interest & Investment Income	6,960,668	1,262,868	1,258,680	1,953,143	1,822,023	1,194,371
Earnings From Equity Investments	315.61	-	-	-	-1,073	4,465
Currency Exchange Gain (Loss)	-932,006	-604,918	-326,874	-138,522	-1,858,656	225,268
Other Non Operating Income (Expenses)	10,055	47,377	2,422	-80,696	-45,239	32,170
EBT Excluding Unusual Items	24,940,510	18,018,092	13,261,591	7,818,035	9,911,593	36,594,531
Gain (Loss) on Sale of Investments	-	-	-	-130,581	1,729	504,221
Gain (Loss) on Sale of Assets	22,500	22,500	431,911	105,274	9,619	-41,975
Pretax Income	24,963,010	18,040,592	13,693,502	7,792,729	9,922,941	37,056,778
Income Tax Expense	3,741,966	2,525,660	1,673,479	992,340	1,478,512	2,535,823
Earnings From Continuing Operations	21,221,044	15,514,932	12,020,024	6,800,388	8,444,429	34,520,955
Minority Interest in Earnings	-118,152	-61,758	1,420	34,676	39,081	-42,812
Net Income	21,102,893	15,453,174	12,021,444	6,835,064	8,483,511	34,478,143
Preferred Dividends & Other Adjustments	309,063	309,063	470,000	408,000	42,200	1,704,030
Net Income to Common	20,793,829	15,144,111	11,551,444	6,427,064	8,441,311	32,774,113
Net Income Growth	68.89%	28.55%	75.88%	-19.43%	-75.39%	156.34%
Shares Outstanding (Basic)	7,675	7,675	7,675	7,676	7,676	7,676
Shares Outstanding (Diluted)	7,675	7,675	7,675	7,676	7,676	7,676
EPS (Basic)	2709.13	1973.05	1504.98	837.35	1099.77	4269.95
EPS (Diluted)	2709.13	1973.05	1504.98	837.35	1099.77	4269.95
EPS Growth	72.92%	31.10%	79.73%	-23.86%	-74.24%	168.59%
Free Cash Flow	1,891,248	-8,382,461	-28,886,706	-8,730,916	-5,609,868	15,099,443
Free Cash Flow Per Share	246.40	-1092.11	-3763.51	-1137.50	-730.88	1967.22
Dividend Per Share	-	-	-	-	-	291.375
Dividend Growth	-	-	-	-	-	35.00%
Gross Margin	16.01%	15.69%	13.32%	10.88%	11.86%	27.46%
Operating Margin	13.26%	13.08%	10.53%	8.13%	9.25%	25.16%
Profit Margin	12.13%	9.70%	8.32%	5.40%	5.97%	21.90%
Free Cash Flow Margin	1.10%	-5.37%	-20.80%	-7.34%	-3.97%	10.09%
EBITDA	32,206,221	28,862,898	21,542,692	16,396,160	19,796,852	43,731,665
EBITDA Margin	18.79%	18.49%	15.52%	13.78%	14.00%	29.22%
D&A For EBITDA	9,483,497	8,435,278	6,927,967	6,726,971	6,718,676	6,067,585
EBIT	22,722,723	20,427,620	14,614,724	9,669,188	13,078,176	37,664,080
EBIT Margin	13.26%	13.08%	10.53%	8.13%	9.25%	25.16%
Effective Tax Rate	14.99%	14.00%	12.22%	12.73%	14.90%	6.84%
Revenue as Reported	171,395,267	156,116,095	138,855,112	118,953,028	141,409,274	149,679,790
Advertising Expenses	-	249,271	166,783	107,933	84,750	60,972

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