Victory Capital JSC Income Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024
Revenue	494,213	268,248	20,096
Revenue Growth (YoY)	84.24%	1234.82%	-
Cost of Revenue	436,342	217,868	9,949
Gross Profit	57,872	50,380	10,147
Selling, General & Admin	70,164	43,359	12,965
Operating Expenses	70,164	43,359	12,965
Operating Income	-12,293	7,021	-2,818
Interest Expense	-8,253	-2,526	-
Interest & Investment Income	11,937	3,024	5,197
Other Non Operating Income (Expenses)	29,098	-47,459	168.26
Pretax Income	20,490	-39,939	2,547
Income Tax Expense	4,804	1,757	161.49
Earnings From Continuing Operations	15,686	-41,696	2,386
Minority Interest in Earnings	-3,236	-6,435	99.1
Net Income	12,450	-48,131	2,485
Net Income to Common	12,450	-48,131	2,485
Shares Outstanding (Basic)	100	99	99
Shares Outstanding (Diluted)	100	99	99
Shares Change (YoY)	1.18%	-0.56%	-
EPS (Basic)	124.50	-487.00	25.00
EPS (Diluted)	124.50	-487.00	25.00
Free Cash Flow	189,233	-105,436	5,790
Free Cash Flow Per Share	1892.35	-1066.81	58.26
Gross Margin	11.71%	18.78%	50.49%
Operating Margin	-2.49%	2.62%	-14.02%
Profit Margin	2.52%	-17.94%	12.36%
Free Cash Flow Margin	38.29%	-39.30%	28.81%
EBITDA	-1,505	26,513	2,402
EBITDA Margin	-0.30%	9.88%	11.95%
D&A For EBITDA	10,787	19,492	5,220
EBIT	-12,293	7,021	-2,818
EBIT Margin	-2.49%	2.62%	-14.02%
Effective Tax Rate	23.45%	-	6.34%
Revenue as Reported	494,213	268,248	20,096

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