HOSE:NSC 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	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Revenue	2,293,981	2,299,256	2,448,696	2,035,477	1,889,065	1,928,606
Revenue Growth (YoY)	-6.99%	-6.10%	20.30%	7.75%	-2.05%	17.99%
Cost of Revenue	1,626,913	1,626,346	1,722,865	1,400,799	1,256,098	1,308,091
Gross Profit	667,068	672,909	725,831	634,678	632,966	620,514
Selling, General & Admin	366,367	372,906	432,023	355,240	357,115	346,760
Operating Expenses	366,367	372,906	432,023	355,240	357,115	346,760
Operating Income	300,701	300,003	293,808	279,438	275,851	273,755
Interest Expense	-33,960	-31,300	-17,890	-19,090	-12,459	-14,361
Interest & Investment Income	20,258	20,258	13,540	11,748	8,748	3,838
Currency Exchange Gain (Loss)	2,025	2,025	2,957	2,005	3,338	217.78
Other Non Operating Income (Expenses)	-11,356	-15,494	-20,356	-7,348	-9,514	-14,465
EBT Excluding Unusual Items	277,667	275,493	272,058	266,753	265,964	248,984
Pretax Income	277,667	275,493	272,058	266,753	265,964	248,984
Income Tax Expense	47,592	48,805	46,480	36,625	39,078	23,353
Earnings From Continuing Operations	230,075	226,688	225,578	230,129	226,886	225,631
Minority Interest in Earnings	-6,606	-7,369	-7,629	-6,601	-6,239	-6,288
Net Income	223,469	219,319	217,949	223,528	220,647	219,342
Preferred Dividends & Other Adjustments	3,533	3,533	42,546	34,865	29,099	18,101
Net Income to Common	219,936	215,785	175,403	188,663	191,549	201,242
Net Income Growth	1.82%	0.63%	-2.50%	1.31%	0.60%	15.32%
Shares Outstanding (Basic)	18	18	18	18	18	18
Shares Outstanding (Diluted)	18	18	18	18	18	18
Shares Change (YoY)	4.17%	-	-	-	-	-
EPS (Basic)	12239.45	12278.32	9980.54	10735.03	10899.22	11450.77
EPS (Diluted)	12239.45	12278.32	9980.54	10735.03	10899.00	11450.77
EPS Growth	1.77%	23.02%	-7.03%	-1.50%	-4.82%	16.21%
Free Cash Flow	468,194	-98,013	-80,005	194,771	172,730	107,045
Free Cash Flow Per Share	26055.10	-5576.98	-4552.34	11082.57	9828.43	6090.93
Dividend Per Share	-	-	4000.000	4000.000	4000.000	7000.000
Dividend Growth	-	-	-	-	-42.86%	75.00%
Gross Margin	29.08%	29.27%	29.64%	31.18%	33.51%	32.17%
Operating Margin	13.11%	13.05%	12.00%	13.73%	14.60%	14.19%
Profit Margin	9.59%	9.38%	7.16%	9.27%	10.14%	10.44%
Free Cash Flow Margin	20.41%	-4.26%	-3.27%	9.57%	9.14%	5.55%
EBITDA	351,866	365,508	374,516	353,484	349,986	347,855
EBITDA Margin	15.34%	15.90%	15.29%	17.37%	18.53%	18.04%
D&A For EBITDA	51,165	65,505	80,708	74,047	74,135	74,100
EBIT	300,701	300,003	293,808	279,438	275,851	273,755
EBIT Margin	13.11%	13.05%	12.00%	13.73%	14.60%	14.19%
Effective Tax Rate	17.14%	17.72%	17.09%	13.73%	14.69%	9.38%
Revenue as Reported	2,293,981	2,299,256	2,448,696	2,035,477	1,889,065	1,928,606

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