Thien Long Group Income Statement

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	4,570,426	4,173,930	3,758,585	3,461,873	3,520,858	2,668,275
Revenue Growth	12.25%	11.05%	8.57%	-1.68%	31.95%	-0.61%
Cost of Revenue	2,301,794	2,105,352	2,083,185	1,949,335	1,996,782	1,541,112
Gross Profit	2,268,632	2,068,578	1,675,401	1,512,539	1,524,076	1,127,163
Selling, General & Admin	1,682,206	1,569,095	1,126,847	1,087,392	1,057,912	797,067
Operating Expenses	1,682,206	1,569,095	1,126,847	1,087,392	1,057,912	797,067
Operating Income	586,426	499,483	548,554	425,146	466,164	330,095
Interest Expense	-32,371	-21,880	-13,516	-17,850	-8,882	-7,020
Interest & Investment Income	4,827	32,124	27,686	25,699	25,348	24,572
Earnings From Equity Investments	-12,304	2,197	1,200	-4,000	-	-
Currency Exchange Gain (Loss)	9,930	18,644	18,356	18,075	18,550	4,028
Other Non Operating Income (Expenses)	31,907	-895.18	985.57	3,218	6,171	2,914
EBT Excluding Unusual Items	588,414	529,674	583,265	450,289	507,351	354,590
Gain (Loss) on Sale of Investments	-	105.79	181.18	109.44	-	4,679
Gain (Loss) on Sale of Assets	41,524	42,202	3,414	1,564	-684.51	-704.29
Pretax Income	629,937	571,982	586,861	451,963	506,667	358,565
Income Tax Expense	137,848	126,925	126,663	95,788	105,729	81,857
Earnings From Continuing Operations	492,089	445,057	460,198	356,174	400,937	276,707
Minority Interest in Earnings	-1,075	1,418	1,470	2,766	433.49	-
Net Income	491,015	446,475	461,668	358,941	401,371	276,707
Preferred Dividends & Other Adjustments	27,716	64,647	61,167	35,894	40,137	27,671
Net Income to Common	463,299	381,827	400,501	323,046	361,234	249,037
Net Income Growth	28.34%	-4.66%	23.98%	-10.57%	45.05%	15.37%
Shares Outstanding (Basic)	107	96	95	94	94	94
Shares Outstanding (Diluted)	107	96	95	94	94	94
Shares Change	12.54%	0.54%	0.90%	0.13%	-	-
EPS (Basic)	4312.88	3993.47	4211.44	3427.43	3837.55	2645.63
EPS (Diluted)	4312.30	3993.00	4211.00	3427.27	3837.19	2645.45
EPS Growth	14.02%	-5.18%	22.87%	-10.68%	45.05%	15.36%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	63,629	94,686	275,918	142,136	119,571	163,141
Free Cash Flow Per Share	592.32	990.30	2901.40	1508.02	1270.25	1733.13
Dividend Per Share	1681.818	3500.000	2272.727	2066.116	2892.562	1652.893
Dividend Growth	-31.02%	54.00%	10.00%	-28.57%	75.00%	0%
Gross Margin	49.64%	49.56%	44.57%	43.69%	43.29%	42.24%
Operating Margin	12.83%	11.97%	14.59%	12.28%	13.24%	12.37%
Profit Margin	10.14%	9.15%	10.66%	9.33%	10.26%	9.33%
Free Cash Flow Margin	1.39%	2.27%	7.34%	4.11%	3.40%	6.11%
EBITDA	674,213	588,751	643,768	515,049	548,650	414,015
EBITDA Margin	14.75%	14.11%	17.13%	14.88%	15.58%	15.52%
D&A For EBITDA	87,787	89,268	95,214	89,903	82,486	83,919
EBIT	586,426	499,483	548,554	425,146	466,164	330,095
EBIT Margin	12.83%	11.97%	14.59%	12.28%	13.24%	12.37%
Effective Tax Rate	21.88%	22.19%	21.58%	21.19%	20.87%	22.83%
Revenue as Reported	4,570,426	4,173,930	3,758,585	3,461,873	3,520,858	2,668,275