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	Sep '26 Sep 30, 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	216,450,421	156,116,095	138,855,112	118,953,028	141,409,274	149,679,790
Revenue Growth	49.86%	12.43%	16.73%	-15.88%	-5.53%	66.09%
Cost of Revenue	179,278,446	131,618,306	120,357,563	106,015,187	124,645,848	108,571,380
Gross Profit	37,171,975	24,497,788	18,497,549	12,937,841	16,763,426	41,108,410
Selling, General & Admin	6,592,284	4,070,168	3,882,825	3,268,652	3,685,250	3,444,330
Operating Expenses	6,592,284	4,070,168	3,882,825	3,268,652	3,685,250	3,444,330
Operating Income	30,579,691	20,427,620	14,614,724	9,669,188	13,078,176	37,664,080
Interest Expense	-6,928,653	-3,114,856	-2,287,361	-3,585,078	-3,083,638	-2,525,823
Interest & Investment Income	274,886	1,262,868	1,258,680	1,953,143	1,822,023	1,194,371
Earnings From Equity Investments	1,988	-	-	-	-1,073	4,465
Currency Exchange Gain (Loss)	-129,359	-604,918	-326,874	-138,522	-1,858,656	225,268
Other Non Operating Income (Expenses)	7,848,181	47,377	2,422	-80,696	-45,239	32,170
EBT Excluding Unusual Items	31,646,733	18,018,092	13,261,591	7,818,035	9,911,593	36,594,531
Gain (Loss) on Sale of Investments	-13,487	-	-	-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	31,655,747	18,040,592	13,693,502	7,792,729	9,922,941	37,056,778
Income Tax Expense	4,021,545	2,525,660	1,673,479	992,340	1,478,512	2,535,823
Earnings From Continuing Operations	27,634,203	15,514,932	12,020,024	6,800,388	8,444,429	34,520,955
Minority Interest in Earnings	-187,757	-61,758	1,420	34,676	39,081	-42,812
Net Income	27,446,445	15,453,174	12,021,444	6,835,064	8,483,511	34,478,143
Preferred Dividends & Other Adjustments	141,563	309,063	470,000	408,000	42,200	1,704,030
Net Income to Common	27,304,882	15,144,111	11,551,444	6,427,064	8,441,311	32,774,113
Net Income Growth	98.43%	31.10%	79.73%	-23.86%	-74.24%	168.59%
Shares Outstanding (Basic)	-	8,443	8,443	8,443	8,443	8,443
Shares Outstanding (Diluted)	-	8,443	8,443	8,443	8,443	8,443
Shares Change	-	-	-	-	-	-
EPS (Basic)	-	1793.69	1368.17	761.23	999.79	3881.78
EPS (Diluted)	-	1793.69	1368.17	761.23	999.79	3881.78
EPS Growth	-	31.10%	79.73%	-23.86%	-74.24%	168.59%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	16,425,070	-8,382,461	-28,886,706	-8,730,916	-5,609,868	15,099,443
Free Cash Flow Per Share	-	-992.83	-3421.37	-1034.10	-664.43	1788.38
Dividend Per Share	454.546	454.546	-	-	-	264.887
Dividend Growth	-	-	-	-	-	35.00%
Gross Margin	17.17%	15.69%	13.32%	10.88%	11.86%	27.46%
Operating Margin	14.13%	13.08%	10.53%	8.13%	9.25%	25.16%
Profit Margin	12.62%	9.70%	8.32%	5.40%	5.97%	21.90%
Free Cash Flow Margin	7.59%	-5.37%	-20.80%	-7.34%	-3.97%	10.09%
EBITDA	42,200,009	28,862,898	21,542,692	16,396,160	19,796,852	43,731,665
EBITDA Margin	19.50%	18.49%	15.52%	13.78%	14.00%	29.22%
D&A For EBITDA	11,620,318	8,435,278	6,927,967	6,726,971	6,718,676	6,067,585
EBIT	30,579,691	20,427,620	14,614,724	9,669,188	13,078,176	37,664,080
EBIT Margin	14.13%	13.08%	10.53%	8.13%	9.25%	25.16%
Effective Tax Rate	12.70%	14.00%	12.22%	12.73%	14.90%	6.84%
Revenue as Reported	216,450,421	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