Vinh Hoan 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	Mar '26 Mar 31, 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	12,327,681	12,020,898	12,512,793	10,033,016	13,230,800	9,054,249
Revenue Growth (YoY)	0.19%	-3.93%	24.72%	-24.17%	46.13%	28.66%
Cost of Revenue	10,193,282	9,980,709	10,617,753	8,540,192	10,254,865	7,298,429
Gross Profit	2,134,399	2,040,189	1,895,041	1,492,825	2,975,935	1,755,820
Selling, General & Admin	583,425	564,933	654,278	523,950	721,487	556,616
Operating Expenses	583,425	564,933	654,278	523,950	721,487	556,616
Operating Income	1,550,974	1,475,256	1,240,763	968,875	2,254,448	1,199,204
Interest Expense	-52,425	-54,043	-73,329	-133,347	-97,121	-34,702
Interest & Investment Income	146,871	140,229	130,168	135,292	82,682	68,854
Earnings From Equity Investments	3,532	4,060	2,239	800.69	222.52	-437.57
Currency Exchange Gain (Loss)	144,238	138,537	151,047	114,879	151,920	13,906
Other Non Operating Income (Expenses)	13,048	16,883	42,711	27,624	28,138	-3,797
EBT Excluding Unusual Items	1,806,237	1,720,923	1,493,598	1,114,123	2,420,290	1,243,026
Gain (Loss) on Sale of Investments	29,473	28,115	-1,328	31,957	-85,646	36,528
Gain (Loss) on Sale of Assets	529.89	413.86	-7,646	-1,052	-11,726	-
Pretax Income	1,836,240	1,749,451	1,484,625	1,145,028	2,322,918	1,279,555
Income Tax Expense	254,816	242,656	181,977	171,271	309,998	173,001
Earnings From Continuing Operations	1,581,424	1,506,795	1,302,648	973,757	2,012,920	1,106,554
Minority Interest in Earnings	-90,048	-88,529	-76,443	-54,566	-37,688	-7,595
Net Income	1,491,375	1,418,266	1,226,205	919,191	1,975,232	1,098,959
Preferred Dividends & Other Adjustments	-	-	33,800	-	130,762	20,000
Net Income to Common	1,491,375	1,418,266	1,192,405	919,191	1,844,471	1,078,959
Net Income Growth	19.35%	15.66%	33.40%	-53.46%	79.74%	52.78%
Shares Outstanding (Basic)	224	224	224	224	221	219
Shares Outstanding (Diluted)	224	224	224	224	221	219
Shares Change (YoY)	-0.26%	-	0.18%	1.52%	0.61%	0.46%
EPS (Basic)	6644.48	6318.76	5312.49	4102.74	8357.69	4918.92
EPS (Diluted)	6644.40	6318.76	5312.00	4102.74	8357.50	4918.92
EPS Growth	22.60%	18.95%	29.47%	-50.91%	69.91%	49.32%
Free Cash Flow	1,171,458	1,996,306	1,395,488	-129,953	472,842	-256,079
Free Cash Flow Per Share	5219.16	8894.09	6217.28	-580.03	2142.55	-1167.45
Dividend Per Share	2000.000	2000.000	2000.000	1666.667	1666.667	1666.667
Dividend Growth	-	-	20.00%	-	-	-
Gross Margin	17.31%	16.97%	15.14%	14.88%	22.49%	19.39%
Operating Margin	12.58%	12.27%	9.92%	9.66%	17.04%	13.25%
Profit Margin	12.10%	11.80%	9.53%	9.16%	13.94%	11.92%
Free Cash Flow Margin	9.50%	16.61%	11.15%	-1.29%	3.57%	-2.83%
EBITDA	2,036,513	1,956,792	1,696,942	1,371,128	2,581,380	1,484,196
EBITDA Margin	16.52%	16.28%	13.56%	13.67%	19.51%	16.39%
D&A For EBITDA	485,539	481,536	456,179	402,253	326,932	284,992
EBIT	1,550,974	1,475,256	1,240,763	968,875	2,254,448	1,199,204
EBIT Margin	12.58%	12.27%	9.92%	9.66%	17.04%	13.25%
Effective Tax Rate	13.88%	13.87%	12.26%	14.96%	13.35%	13.52%
Revenue as Reported	12,327,681	12,020,898	12,512,793	10,033,016	13,230,800	9,054,249

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