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 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	4,761,285	4,379,118	3,819,708	2,440,109	1,375,702
Revenue Growth (YoY)	8.73%	14.64%	56.54%	77.37%	14.95%
Cost of Revenue	4,371,714	3,981,793	3,467,285	2,130,557	1,138,206
Gross Profit	389,572	397,325	352,424	309,552	237,496
Selling, General & Admin	124,273	115,688	110,788	108,025	65,805
Operating Expenses	124,273	115,688	110,788	108,025	65,805
Operating Income	265,299	281,637	241,635	201,527	171,691
Interest Expense	-189,334	-183,335	-217,704	-109,712	-82,449
Interest & Investment Income	57,459	36,394	61,918	20,118	7,332
Earnings From Equity Investments	1,450	4,815	-11,216	-208.39	-
Currency Exchange Gain (Loss)	-	6,352	4,032	1,156	775.15
Other Non Operating Income (Expenses)	-1,589	-16,833	-3,634	-2,394	-2,084
EBT Excluding Unusual Items	133,285	129,030	75,032	110,487	95,264
Gain (Loss) on Sale of Assets	-	-361.23	-4,511	-	-
Pretax Income	133,285	128,669	70,521	110,487	95,264
Income Tax Expense	34,406	34,751	28,177	23,668	22,556
Net Income	98,878	93,918	42,344	86,819	72,708
Net Income to Common	98,878	93,918	42,344	86,819	72,708
Net Income Growth	5.28%	121.80%	-51.23%	19.41%	18.17%
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%	-	59.77%
EPS (Basic)	1120.79	1086.64	506.82	1044.98	875.14
EPS (Diluted)	1120.79	1086.64	506.82	1044.98	875.14
EPS Growth	3.14%	114.40%	-51.50%	19.41%	-26.04%
Free Cash Flow	150,215	149,823	-123,099	-125,190	-15,396
Free Cash Flow Per Share	1702.69	1733.47	-1473.39	-1506.83	-185.31
Gross Margin	8.18%	9.07%	9.23%	12.69%	17.26%
Operating Margin	5.57%	6.43%	6.33%	8.26%	12.48%
Profit Margin	2.08%	2.15%	1.11%	3.56%	5.29%
Free Cash Flow Margin	3.16%	3.42%	-3.22%	-5.13%	-1.12%
EBITDA	324,979	344,656	303,987	255,677	216,610
EBITDA Margin	6.83%	7.87%	7.96%	10.48%	15.75%
D&A For EBITDA	59,680	63,020	62,352	54,151	44,920
EBIT	265,299	281,637	241,635	201,527	171,691
EBIT Margin	5.57%	6.43%	6.33%	8.26%	12.48%
Effective Tax Rate	25.81%	27.01%	39.96%	21.42%	23.68%
Revenue as Reported	4,761,285	4,379,118	3,819,708	2,440,109	1,375,702

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