Thuan Duc 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 2019	FY 2018
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Revenue	4,465,130	4,379,118	3,819,708	1,196,749	746,411
Revenue Growth (YoY)	273.11%	14.64%	219.17%	60.33%	-
Cost of Revenue	4,087,288	3,981,793	3,467,285	1,005,932	636,625
Gross Profit	377,842	397,325	352,424	190,817	109,786
Selling, General & Admin	113,254	115,688	110,788	63,278	39,579
Operating Expenses	113,254	115,688	110,788	63,278	39,579
Operating Income	264,588	281,637	241,635	127,539	70,208
Interest Expense	-183,038	-183,335	-217,704	-49,696	-26,366
Interest & Investment Income	33,908	36,394	61,918	3,035	788.95
Earnings From Equity Investments	7,931	4,815	-11,216	-26.15	-
Currency Exchange Gain (Loss)	6,352	6,352	4,032	-	-
Other Non Operating Income (Expenses)	-11,567	-16,833	-3,634	-3,374	766.76
EBT Excluding Unusual Items	118,173	129,030	75,032	77,478	45,397
Gain (Loss) on Sale of Assets	-361.23	-361.23	-4,511	-	-
Pretax Income	117,812	128,669	70,521	77,478	45,397
Income Tax Expense	31,778	34,751	28,177	15,952	9,309
Net Income	86,034	93,918	42,344	61,526	36,088
Net Income to Common	86,034	93,918	42,344	61,526	36,088
Net Income Growth	39.83%	121.80%	-31.18%	70.49%	-
Shares Outstanding (Basic)	86	86	84	52	43
Shares Outstanding (Diluted)	86	86	84	52	43
Shares Change (YoY)	66.21%	3.45%	60.67%	20.21%	-
EPS (Basic)	995.43	1086.64	506.82	1183.22	834.26
EPS (Diluted)	995.43	1086.64	506.82	1183.22	834.26
EPS Growth	-15.87%	114.40%	-57.17%	41.83%	-
Free Cash Flow	256,368	149,823	-123,099	-273,873	-197,322
Free Cash Flow Per Share	2966.21	1733.47	-1473.39	-5266.89	-4561.62
Gross Margin	8.46%	9.07%	9.23%	15.95%	14.71%
Operating Margin	5.93%	6.43%	6.33%	10.66%	9.41%
Profit Margin	1.93%	2.15%	1.11%	5.14%	4.83%
Free Cash Flow Margin	5.74%	3.42%	-3.22%	-22.88%	-26.44%
EBITDA	325,070	344,656	303,987	157,689	90,540
EBITDA Margin	7.28%	7.87%	7.96%	13.18%	12.13%
D&A For EBITDA	60,481	63,020	62,352	30,150	20,333
EBIT	264,588	281,637	241,635	127,539	70,208
EBIT Margin	5.93%	6.43%	6.33%	10.66%	9.41%
Effective Tax Rate	26.97%	27.01%	39.96%	20.59%	20.51%
Revenue as Reported	4,465,130	4,379,118	3,819,708	1,196,749	746,411

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.