Song Hong Garment JSC (HOSE:MSH)

Song Hong Garment JSC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,679,825	5,280,403	4,541,908	5,520,958	4,747,623	3,813,409
Revenue Growth (YoY)	27.17%	16.26%	-17.73%	16.29%	24.50%	-13.55%
Cost of Revenue	4,628,401	4,450,895	3,977,925	4,692,291	3,817,038	3,062,365
Gross Profit	1,051,423	829,508	563,982	828,667	930,585	751,044
Selling, General & Admin	440,027	389,166	377,423	470,126	443,641	512,861
Operating Expenses	440,027	389,166	377,423	470,126	443,641	512,861
Operating Income	611,396	440,343	186,559	358,541	486,945	238,183
Interest Expense	-57,787	-53,363	-44,582	-33,905	-10,033	-15,184
Interest & Investment Income	130,876	117,373	119,222	72,443	53,236	48,186
Earnings From Equity Investments	-16,739	-6,316	-	-	-	-
Currency Exchange Gain (Loss)	47,612	61,991	43,913	48,478	15,732	11,520
Other Non Operating Income (Expenses)	-17,929	-16,219	1,471	-6,505	-3,221	578.85
EBT Excluding Unusual Items	697,429	543,808	306,583	439,053	542,658	283,283
Pretax Income	697,429	543,808	306,583	439,053	542,658	283,283
Income Tax Expense	127,199	101,318	61,338	101,367	100,292	51,489
Earnings From Continuing Operations	570,231	442,490	245,245	337,685	442,366	231,795
Minority Interest in Earnings	-54,451	-29,967	-695.77	37,205	15.55	11.93
Net Income	515,780	412,523	244,550	374,890	442,381	231,807
Preferred Dividends & Other Adjustments	-13,029	-	-	-18,744	-	-
Net Income to Common	528,809	412,523	244,550	393,634	442,381	231,807
Net Income Growth	91.95%	68.69%	-34.77%	-15.26%	90.84%	-48.47%
Shares Outstanding (Basic)	113	113	113	113	113	113
Shares Outstanding (Diluted)	113	113	113	113	113	113
Shares Change (YoY)	-	-	-	-	-	1.31%
EPS (Basic)	4699.64	3666.18	2173.37	3498.31	3931.54	2060.12
EPS (Diluted)	4699.64	3666.18	2173.37	3498.31	3931.54	2060.12
EPS Growth	106.83%	68.69%	-37.87%	-11.02%	90.84%	-49.14%
Free Cash Flow	501,170	-375,767	-194,805	630,737	-59,052	70,868
Free Cash Flow Per Share	4454.01	-3339.52	-1731.28	5605.49	-524.81	629.82
Dividend Per Share	2333.333	2333.333	1666.667	1666.667	2000.000	1333.333
Dividend Growth	40.00%	40.00%	-	-16.67%	50.00%	-33.33%
Gross Margin	18.51%	15.71%	12.42%	15.01%	19.60%	19.70%
Operating Margin	10.76%	8.34%	4.11%	6.49%	10.26%	6.25%
Profit Margin	9.31%	7.81%	5.38%	7.13%	9.32%	6.08%
Free Cash Flow Margin	8.82%	-7.12%	-4.29%	11.42%	-1.24%	1.86%
EBITDA	733,183	567,302	321,294	492,198	620,068	369,970
EBITDA Margin	12.91%	10.74%	7.07%	8.91%	13.06%	9.70%
D&A For EBITDA	121,786	126,960	134,734	133,657	133,123	131,787
EBIT	611,396	440,343	186,559	358,541	486,945	238,183
EBIT Margin	10.76%	8.34%	4.11%	6.49%	10.26%	6.25%
Effective Tax Rate	18.24%	18.63%	20.01%	23.09%	18.48%	18.18%
Revenue as Reported	5,679,825	5,280,403	4,541,908	5,520,958	4,747,623	3,813,409

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