VNSTEEL-VICASA 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 2018	FY 2017
Period Ending	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017
Revenue	1,017,582	1,357,758	1,724,963	2,512,158	1,894,197
Revenue Growth (YoY)	-25.05%	-21.29%	-31.34%	32.62%	34.26%
Cost of Revenue	1,000,483	1,328,119	1,668,539	2,423,070	1,768,354
Gross Profit	17,099	29,639	56,424	89,088	125,843
Selling, General & Admin	33,858	25,984	38,907	40,920	45,116
Operating Expenses	33,858	25,984	38,907	40,920	45,116
Operating Income	-16,759	3,655	17,517	48,168	80,726
Interest Expense	-1,648	-3,618	-8,809	-8,471	-2,596
Interest & Investment Income	514.51	257.17	112.47	1,234	1,255
Currency Exchange Gain (Loss)	1,377	752.2	34.24	-	-
Other Non Operating Income (Expenses)	-7,811	-	87.5	-788.9	1,460
EBT Excluding Unusual Items	-24,327	1,047	8,942	40,142	80,846
Gain (Loss) on Sale of Assets	2,071	-	-	-	-
Pretax Income	-22,256	1,047	8,942	40,142	80,846
Income Tax Expense	-	9.91	1,651	8,045	16,277
Net Income	-22,256	1,037	7,291	32,097	64,569
Net Income to Common	-22,256	1,037	7,291	32,097	64,569
Net Income Growth	-	-85.78%	-77.28%	-50.29%	111.95%
Shares Outstanding (Basic)	15	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15	15
Shares Change (YoY)	-	-	-0.02%	0.01%	0.02%
EPS (Basic)	-1465.42	68.28	480.08	2113.00	4251.00
EPS (Diluted)	-1465.42	68.28	480.08	2113.00	4251.00
EPS Growth	-	-85.78%	-77.28%	-50.29%	111.91%
Free Cash Flow	120,565	-1,492	102,248	-232,871	25,605
Free Cash Flow Per Share	7938.52	-98.26	6732.45	-15330.24	1685.77
Gross Margin	1.68%	2.18%	3.27%	3.55%	6.64%
Operating Margin	-1.65%	0.27%	1.02%	1.92%	4.26%
Profit Margin	-2.19%	0.08%	0.42%	1.28%	3.41%
Free Cash Flow Margin	11.85%	-0.11%	5.93%	-9.27%	1.35%
EBITDA	-7,903	14,576	31,993	71,265	104,160
EBITDA Margin	-0.78%	1.07%	1.85%	2.84%	5.50%
D&A For EBITDA	8,856	10,921	14,476	23,097	23,434
EBIT	-16,759	3,655	17,517	48,168	80,726
EBIT Margin	-1.65%	0.27%	1.02%	1.92%	4.26%
Effective Tax Rate	-	0.95%	18.46%	20.04%	20.13%
Revenue as Reported	1,017,582	1,357,758	1,724,963	2,512,158	1,894,197

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