VNSTEEL-VICASA 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 2018	FY 2017	FY 2016
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Revenue	1,272,598	1,357,758	1,724,963	2,512,158	1,894,197	1,410,853
Revenue Growth (YoY)	-26.22%	-21.29%	-31.34%	32.62%	34.26%	-13.62%
Cost of Revenue	1,240,771	1,328,119	1,668,539	2,423,070	1,768,354	1,339,028
Gross Profit	31,828	29,639	56,424	89,088	125,843	71,825
Selling, General & Admin	30,518	25,984	38,907	40,920	45,116	33,873
Operating Expenses	30,518	25,984	38,907	40,920	45,116	33,873
Operating Income	1,310	3,655	17,517	48,168	80,726	37,952
Interest Expense	-1,977	-3,618	-8,809	-8,471	-2,596	-794.83
Interest & Investment Income	2,425	1,065	233.52	1,234	1,255	1,523
Other Non Operating Income (Expenses)	-683.21	-55.98	0.69	-788.9	1,460	-549.68
Pretax Income	1,076	1,047	8,942	40,142	80,846	38,131
Income Tax Expense	105.33	9.91	1,651	8,045	16,277	7,666
Net Income	970.19	1,037	7,291	32,097	64,569	30,465
Net Income to Common	970.19	1,037	7,291	32,097	64,569	30,465
Net Income Growth	-86.69%	-85.78%	-77.28%	-50.29%	111.95%	576.09%
Shares Outstanding (Basic)	15	15	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15	15	15
Shares Change (YoY)	-0.05%	0.39%	-0.00%	0.01%	0.02%	0.10%
EPS (Basic)	63.90	68.00	480.00	2113.00	4251.00	2006.00
EPS (Diluted)	63.90	68.00	480.00	2113.00	4251.00	2006.00
EPS Growth	-86.69%	-85.83%	-77.28%	-50.29%	111.91%	575.42%
Free Cash Flow	14,662	-1,492	102,248	-232,871	25,605	41,216
Free Cash Flow Per Share	965.78	-97.86	6731.33	-15330.24	1685.77	2713.96
Gross Margin	2.50%	2.18%	3.27%	3.55%	6.64%	5.09%
Operating Margin	0.10%	0.27%	1.02%	1.92%	4.26%	2.69%
Profit Margin	0.08%	0.08%	0.42%	1.28%	3.41%	2.16%
Free Cash Flow Margin	1.15%	-0.11%	5.93%	-9.27%	1.35%	2.92%
EBITDA	8,369	14,576	31,993	71,265	104,160	58,398
EBITDA Margin	0.66%	1.07%	1.85%	2.84%	5.50%	4.14%
D&A For EBITDA	7,059	10,921	14,476	23,097	23,434	20,446
EBIT	1,310	3,655	17,517	48,168	80,726	37,952
EBIT Margin	0.10%	0.27%	1.02%	1.92%	4.26%	2.69%
Effective Tax Rate	9.79%	0.95%	18.46%	20.04%	20.13%	20.11%
Revenue as Reported	1,272,598	1,357,758	1,724,963	2,512,158	1,894,197	1,410,853

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