Viet Thang 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024
Revenue	1,603,395	1,707,314	1,681,950
Revenue Growth (YoY)	-6.09%	1.51%	-
Cost of Revenue	1,379,264	1,499,618	1,537,753
Gross Profit	224,131	207,696	144,196
Selling, General & Admin	156,034	145,727	104,476
Operating Expenses	156,034	145,727	104,476
Operating Income	68,097	61,968	39,721
Interest Expense	-	-31,806	-40,664
Interest & Investment Income	687.33	2,378	15,678
Earnings From Equity Investments	-3,453	455.61	681.14
Currency Exchange Gain (Loss)	5,165	-2,662	-408.41
Other Non Operating Income (Expenses)	-18,504	1,908	2,872
Pretax Income	51,993	32,242	17,879
Income Tax Expense	15,432	10,458	5,193
Earnings From Continuing Operations	36,561	21,784	12,686
Minority Interest in Earnings	3,759	1,974	-606.4
Net Income	40,320	23,758	12,079
Preferred Dividends & Other Adjustments	1,198	671.78	373.79
Net Income to Common	39,122	23,087	11,705
Net Income Growth	69.71%	96.69%	-
Shares Outstanding (Basic)	21	21	21
Shares Outstanding (Diluted)	21	21	21
EPS (Basic)	1862.95	1099.36	557.40
EPS (Diluted)	1862.95	1099.36	557.40
EPS Growth	69.46%	97.23%	-
Free Cash Flow	170,865	-49,323	-67,058
Free Cash Flow Per Share	8136.41	-2348.70	-3193.24
Gross Margin	13.98%	12.16%	8.57%
Operating Margin	4.25%	3.63%	2.36%
Profit Margin	2.44%	1.35%	0.70%
Free Cash Flow Margin	10.66%	-2.89%	-3.99%
EBITDA	131,603	157,254	136,127
EBITDA Margin	8.21%	9.21%	8.09%
D&A For EBITDA	63,505	95,286	96,407
EBIT	68,097	61,968	39,721
EBIT Margin	4.25%	3.63%	2.36%
Effective Tax Rate	29.68%	32.44%	29.05%
Revenue as Reported	1,603,395	1,707,314	1,681,950

Source: S&P Global Market Intelligence. Standard template. Financial Sources.