Pha Lai Thermal Power JSC Income Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Jan '21 Jan 1, 2021	2016 - 2020
Revenue	6,723,328	7,681,064	5,813,760	5,265,602	3,868,170	7,929,383	Upgrade
Revenue Growth (YoY)	-12.69%	32.12%	10.41%	36.13%	-51.22%	-3.10%	Upgrade
Operations & Maintenance	520,661	520,661	541,057	193,497	540,164	-	Upgrade
Selling, General & Admin	24,546	43,244	43,313	40,677	43,567	45,958	Upgrade
Depreciation & Amortization	3,919	3,919	3,785	3,859	3,387	3,470	Upgrade
Provision for Bad Debts	-	-	-	-	-	-14,689	Upgrade
Other Operating Expenses	6,138,281	7,025,459	5,305,994	4,774,366	3,601,341	6,966,270	Upgrade
Total Operating Expenses	6,687,406	7,593,282	5,894,149	5,012,399	4,188,459	7,001,008	Upgrade
Operating Income	35,921	87,782	-80,389	253,202	-320,289	928,375	Upgrade
Interest Expense	-	-480.12	-419.92	-2,623	-	-2,803	Upgrade
Interest Income	197,278	326,675	464,408	295,253	452,376	286,815	Upgrade
Net Interest Expense	197,278	326,195	463,988	292,630	452,376	284,012	Upgrade
Other Non-Operating Income (Expenses)	-2,844	24,163	-1,210	610.93	20,689	2,071	Upgrade
EBT Excluding Unusual Items	230,355	438,140	382,389	546,443	152,776	1,214,458	Upgrade
Gain (Loss) on Sale of Investments	1,340	-	-	-	24,082	-3,810	Upgrade
Gain (Loss) on Sale of Assets	456.16	-	-	-	416.17	-	Upgrade
Pretax Income	232,151	438,140	382,389	546,443	177,274	1,210,648	Upgrade
Income Tax Expense	6,870	11,074	2,287	58,992	-38,913	199,612	Upgrade
Earnings From Continuing Ops.	225,281	427,066	380,102	487,451	216,188	1,011,036	Upgrade
Net Income	225,281	427,066	380,102	487,451	216,188	1,011,036	Upgrade
Preferred Dividends & Other Adjustments	-	-	47,896	57,081	26,056	-	Upgrade
Net Income to Common	225,281	427,066	332,206	430,370	190,132	1,011,036	Upgrade
Net Income Growth	-33.86%	12.35%	-22.02%	125.48%	-78.62%	-19.81%	Upgrade
Shares Outstanding (Basic)	321	321	321	321	321	321	Upgrade
Shares Outstanding (Diluted)	321	321	321	321	321	321	Upgrade
Shares Change (YoY)	-	-	-	-	-	0.01%	Upgrade
EPS (Basic)	702.66	1332.03	1036.16	1342.34	593.03	3153.45	Upgrade
EPS (Diluted)	702.66	1332.03	1036.16	1342.34	593.03	3153.45	Upgrade
EPS Growth	-23.03%	28.55%	-22.81%	126.35%	-81.19%	-19.82%	Upgrade
Free Cash Flow	131,246	487,701	-315,230	-1,152,671	514,631	853,782	Upgrade
Free Cash Flow Per Share	409.36	1521.15	-983.21	-3595.21	1605.15	2662.97	Upgrade
Dividend Per Share	500.000	700.000	2775.000	800.000	1700.000	4644.000	Upgrade
Dividend Growth	-81.48%	-74.78%	246.88%	-52.94%	-63.39%	85.76%	Upgrade
Profit Margin	3.35%	5.56%	5.71%	8.17%	4.92%	12.75%	Upgrade
Free Cash Flow Margin	1.95%	6.35%	-5.42%	-21.89%	13.30%	10.77%	Upgrade
EBITDA	82,617	144,865	-19,332	314,740	-261,812	965,905	Upgrade
EBITDA Margin	1.23%	1.89%	-0.33%	5.98%	-6.77%	12.18%	Upgrade
D&A For EBITDA	46,695	57,083	61,057	61,538	58,477	37,531	Upgrade
EBIT	35,921	87,782	-80,389	253,202	-320,289	928,375	Upgrade
EBIT Margin	0.53%	1.14%	-1.38%	4.81%	-8.28%	11.71%	Upgrade
Effective Tax Rate	2.96%	2.53%	0.60%	10.80%	-	16.49%	Upgrade
Revenue as Reported	6,723,328	7,681,064	5,813,760	5,265,602	-	-	Upgrade

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