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	Jun '26 Jun 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	4,488,109	4,173,930	3,758,585	3,461,873	3,520,858	2,668,275
Revenue Growth	18.64%	11.05%	8.57%	-1.68%	31.95%	-0.61%
Cost of Revenue	2,264,193	2,105,352	2,083,185	1,949,335	1,996,782	1,541,112
Gross Profit	2,223,916	2,068,578	1,675,401	1,512,539	1,524,076	1,127,163
Selling, General & Admin	1,677,122	1,569,095	1,126,847	1,087,392	1,057,912	797,067
Operating Expenses	1,677,122	1,569,095	1,126,847	1,087,392	1,057,912	797,067
Operating Income	546,794	499,483	548,554	425,146	466,164	330,095
Interest Expense	-27,800	-21,880	-13,516	-17,850	-8,882	-7,020
Interest & Investment Income	32,879	32,124	27,686	25,699	25,348	24,572
Earnings From Equity Investments	-12,692	2,197	1,200	-4,000	-	-
Currency Exchange Gain (Loss)	21,017	18,644	18,356	18,075	18,550	4,028
Other Non Operating Income (Expenses)	-11,714	-895.18	985.57	3,218	6,171	2,914
EBT Excluding Unusual Items	548,485	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	42,194	42,202	3,414	1,564	-684.51	-704.29
Pretax Income	590,679	571,982	586,861	451,963	506,667	358,565
Income Tax Expense	130,585	126,925	126,663	95,788	105,729	81,857
Earnings From Continuing Operations	460,094	445,057	460,198	356,174	400,937	276,707
Minority Interest in Earnings	-75.68	1,418	1,470	2,766	433.49	-
Net Income	460,019	446,475	461,668	358,941	401,371	276,707
Preferred Dividends & Other Adjustments	68,759	64,647	61,167	35,894	40,137	27,671
Net Income to Common	391,260	381,827	400,501	323,046	361,234	249,037
Net Income Growth	3.85%	-4.66%	23.98%	-10.57%	45.05%	15.37%
Shares Outstanding (Basic)	96	96	95	94	94	94
Shares Outstanding (Diluted)	96	96	95	94	94	94
Shares Change	1.29%	0.54%	0.90%	0.13%	-	-
EPS (Basic)	4061.74	3993.47	4211.44	3427.43	3837.55	2645.63
EPS (Diluted)	4060.79	3993.00	4211.00	3427.27	3837.19	2645.45
EPS Growth	2.50%	-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	Jun '26 Jun 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	41,095	94,686	275,918	142,136	119,571	163,141
Free Cash Flow Per Share	426.61	990.30	2901.40	1508.02	1270.25	1733.13
Dividend Per Share	3590.909	3500.000	2272.727	2066.116	2892.562	1652.893
Dividend Growth	52.46%	54.00%	10.00%	-28.57%	75.00%	0%
Gross Margin	49.55%	49.56%	44.57%	43.69%	43.29%	42.24%
Operating Margin	12.18%	11.97%	14.59%	12.28%	13.24%	12.37%
Profit Margin	8.72%	9.15%	10.66%	9.33%	10.26%	9.33%
Free Cash Flow Margin	0.92%	2.27%	7.34%	4.11%	3.40%	6.11%
EBITDA	632,620	588,751	643,768	515,049	548,650	414,015
EBITDA Margin	14.09%	14.11%	17.13%	14.88%	15.58%	15.52%
D&A For EBITDA	85,826	89,268	95,214	89,903	82,486	83,919
EBIT	546,794	499,483	548,554	425,146	466,164	330,095
EBIT Margin	12.18%	11.97%	14.59%	12.28%	13.24%	12.37%
Effective Tax Rate	22.11%	22.19%	21.58%	21.19%	20.87%	22.83%
Revenue as Reported	4,488,109	4,173,930	3,758,585	3,461,873	3,520,858	2,668,275