Nafoods Group JSC (HOSE:NAF)

Nafoods Group 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,985,001	1,437,024	1,733,326	1,766,507	1,614,653	1,202,668
Revenue Growth (YoY)	33.42%	-17.09%	-1.88%	9.40%	34.26%	15.43%
Cost of Revenue	1,528,247	1,031,437	1,263,581	1,390,655	1,323,190	947,785
Gross Profit	456,754	405,586	469,744	375,852	291,464	254,884
Selling, General & Admin	256,126	244,460	305,377	256,378	182,598	143,550
Operating Expenses	256,126	244,460	305,377	256,378	182,598	143,550
Operating Income	200,628	161,127	164,367	119,474	108,866	111,334
Interest Expense	-64,385	-51,959	-45,690	-27,402	-32,071	-41,526
Interest & Investment Income	-	9,993	8,943	4,454	7,018	5,064
Earnings From Equity Investments	-	-	-	-774.75	75.03	189.74
Currency Exchange Gain (Loss)	5,069	7,293	-4,525	4,613	3,992	-6,074
Other Non Operating Income (Expenses)	20,920	7,968	5,923	-7,437	-2,377	-4,029
EBT Excluding Unusual Items	162,231	134,421	129,019	92,927	85,503	64,958
Gain (Loss) on Sale of Investments	5,651	5,651	3,375	-	4,920	132.14
Pretax Income	167,882	140,071	132,394	92,927	90,423	65,090
Income Tax Expense	28,193	23,688	22,464	13,085	12,818	3,776
Earnings From Continuing Operations	139,688	116,384	109,929	79,842	77,605	61,315
Minority Interest in Earnings	-241.04	-200.58	-198.74	-128.95	-112.9	-125.02
Net Income	139,447	116,183	109,731	79,713	77,492	61,190
Preferred Dividends & Other Adjustments	-8,889	-	22,154	21,386	44,337	-
Net Income to Common	148,336	116,183	87,577	58,327	33,155	61,190
Net Income Growth	31.30%	5.88%	37.66%	2.87%	26.64%	27.80%
Shares Outstanding (Basic)	57	61	61	61	58	71
Shares Outstanding (Diluted)	57	61	61	61	58	71
Shares Change (YoY)	-7.14%	-	0.04%	5.17%	-17.57%	30.82%
EPS (Basic)	2606.46	1898.96	1431.40	953.72	570.13	867.35
EPS (Diluted)	2606.46	1898.96	1431.40	953.72	570.13	867.35
EPS Growth	112.53%	32.66%	50.09%	67.28%	-34.27%	-2.31%
Free Cash Flow	-172,484	12,880	-26,851	-82,012	3,943	12,859
Free Cash Flow Per Share	-3030.77	210.52	-438.86	-1341.00	67.80	182.28
Gross Margin	23.01%	28.22%	27.10%	21.28%	18.05%	21.19%
Operating Margin	10.11%	11.21%	9.48%	6.76%	6.74%	9.26%
Profit Margin	7.47%	8.09%	5.05%	3.30%	2.05%	5.09%
Free Cash Flow Margin	-8.69%	0.90%	-1.55%	-4.64%	0.24%	1.07%
EBITDA	298,929	254,141	225,817	148,681	135,710	134,275
EBITDA Margin	15.06%	17.69%	13.03%	8.42%	8.40%	11.16%
D&A For EBITDA	98,302	93,015	61,450	29,206	26,844	22,941
EBIT	200,628	161,127	164,367	119,474	108,866	111,334
EBIT Margin	10.11%	11.21%	9.48%	6.76%	6.74%	9.26%
Effective Tax Rate	16.79%	16.91%	16.97%	14.08%	14.18%	5.80%
Revenue as Reported	1,985,001	1,437,024	1,733,326	1,766,507	1,614,653	1,202,668

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.