Thuan Duc 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	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,761,285	4,379,118	3,819,708	3,214,429	2,440,109
Revenue Growth (YoY)	8.73%	14.64%	18.83%	31.73%	77.37%
Cost of Revenue	4,371,714	3,981,793	3,467,285	2,846,216	2,130,557
Gross Profit	389,572	397,325	352,424	368,213	309,552
Selling, General & Admin	124,273	115,688	110,788	133,489	108,025
Operating Expenses	124,273	115,688	110,788	133,489	108,025
Operating Income	265,299	281,637	241,635	234,723	201,527
Interest Expense	-189,334	-183,335	-217,704	-154,007	-109,712
Interest & Investment Income	57,459	36,394	61,918	39,452	20,118
Earnings From Equity Investments	1,450	4,815	-11,216	693.86	-208.39
Currency Exchange Gain (Loss)	-	6,352	4,032	6,263	1,156
Other Non Operating Income (Expenses)	-1,589	-16,833	-3,634	-4,393	-2,394
EBT Excluding Unusual Items	133,285	129,030	75,032	122,733	110,487
Gain (Loss) on Sale of Assets	-	-361.23	-4,511	-	-
Pretax Income	133,285	128,669	70,521	122,733	110,487
Income Tax Expense	34,406	34,751	28,177	26,551	23,668
Net Income	98,878	93,918	42,344	96,181	86,819
Net Income to Common	98,878	93,918	42,344	96,181	86,819
Net Income Growth	5.28%	121.80%	-55.97%	10.78%	19.41%
Shares Outstanding (Basic)	88	86	84	83	83
Shares Outstanding (Diluted)	88	86	84	83	83
Shares Change (YoY)	2.07%	3.45%	0.56%	-	-
EPS (Basic)	1120.79	1086.64	506.82	1157.68	1044.98
EPS (Diluted)	1120.79	1086.64	506.82	1157.68	1044.98
EPS Growth	3.14%	114.40%	-56.22%	10.79%	19.41%
Free Cash Flow	150,215	149,823	-123,099	-206,214	-125,190
Free Cash Flow Per Share	1702.69	1733.47	-1473.39	-2482.08	-1506.83
Gross Margin	8.18%	9.07%	9.23%	11.46%	12.69%
Operating Margin	5.57%	6.43%	6.33%	7.30%	8.26%
Profit Margin	2.08%	2.15%	1.11%	2.99%	3.56%
Free Cash Flow Margin	3.16%	3.42%	-3.22%	-6.42%	-5.13%
EBITDA	324,979	344,656	303,987	296,913	255,677
EBITDA Margin	6.83%	7.87%	7.96%	9.24%	10.48%
D&A For EBITDA	59,680	63,020	62,352	62,190	54,151
EBIT	265,299	281,637	241,635	234,723	201,527
EBIT Margin	5.57%	6.43%	6.33%	7.30%	8.26%
Effective Tax Rate	25.81%	27.01%	39.96%	21.63%	21.42%
Revenue as Reported	4,761,285	4,379,118	3,819,708	3,214,429	2,440,109

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.