Vingroup 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 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	255,478,262	189,068,040	161,427,568	101,793,582	125,687,870	110,490,033	Upgrade
Revenue Growth (YoY)	83.49%	17.12%	58.58%	-19.01%	13.76%	-15.03%	Upgrade
Cost of Revenue	210,738,723	161,767,222	137,919,092	87,099,750	91,623,165	93,177,227	Upgrade
Gross Profit	44,739,539	27,300,818	23,508,476	14,693,832	34,064,705	17,312,806	Upgrade
Selling, General & Admin	38,164,787	33,202,226	25,977,162	25,324,746	30,944,367	20,656,674	Upgrade
Operating Expenses	38,164,787	33,202,226	25,977,162	25,324,746	30,944,367	20,656,674	Upgrade
Operating Income	6,574,752	-5,901,408	-2,468,686	-10,630,914	3,120,338	-3,343,868	Upgrade
Interest Expense	-26,244,457	-22,980,044	-17,245,871	-10,758,322	-10,288,893	-11,402,385	Upgrade
Interest & Investment Income	5,885,733	4,628,985	4,480,942	2,726,990	2,688,018	2,250,964	Upgrade
Earnings From Equity Investments	690,519	848,773	-97,825	-86,524	-41,668	-265,278	Upgrade
Currency Exchange Gain (Loss)	-1,497,402	-3,065,110	-2,755,256	-1,847,813	642,599	-229,670	Upgrade
Other Non Operating Income (Expenses)	20,870,148	2,258,634	16,955,313	-121,663	-5,013,609	-1,657,146	Upgrade
EBT Excluding Unusual Items	6,279,293	-24,210,170	-1,131,383	-20,718,246	-8,893,215	-14,647,383	Upgrade
Gain (Loss) on Sale of Investments	1,898,291	1,898,291	15,105,009	29,391,893	-	-	Upgrade
Gain (Loss) on Sale of Assets	13,098,739	39,050,585	-204,274	4,081,871	12,039,666	28,589,938	Upgrade
Pretax Income	21,276,323	16,738,706	13,769,352	12,755,518	3,146,451	13,942,555	Upgrade
Income Tax Expense	13,520,416	11,462,648	11,713,291	10,711,174	10,704,615	9,396,982	Upgrade
Earnings From Continuing Operations	7,755,907	5,276,058	2,056,061	2,044,344	-7,558,164	4,545,573	Upgrade
Minority Interest in Earnings	5,779,523	6,626,970	100,864	6,737,517	5,044,281	919,054	Upgrade
Net Income	13,535,430	11,903,028	2,156,925	8,781,861	-2,513,883	5,464,627	Upgrade
Preferred Dividends & Other Adjustments	886,508	574,031	60,950	-	-	-	Upgrade
Net Income to Common	12,648,922	11,328,997	2,095,975	8,781,861	-2,513,883	5,464,627	Upgrade
Net Income Growth	268.61%	451.85%	-75.44%	-	-	-27.58%	Upgrade
Shares Outstanding (Basic)	3,720	3,720	3,710	3,710	3,669	3,635	Upgrade
Shares Outstanding (Diluted)	3,781	3,782	3,710	3,775	3,669	3,709	Upgrade
Shares Change (YoY)	1.71%	1.92%	-1.70%	2.87%	-1.06%	4.11%	Upgrade
EPS (Basic)	3400.23	3045.42	564.89	2367.30	-685.14	1503.22	Upgrade
EPS (Diluted)	3325.83	2976.03	525.27	2214.47	-685.14	1474.00	Upgrade
EPS Growth	242.18%	466.57%	-76.28%	-	-	-30.41%	Upgrade
Free Cash Flow	48,488,721	-27,720,940	-74,559,819	-70,356,612	-51,046,490	-11,589,063	Upgrade
Free Cash Flow Per Share	12824.72	-7330.64	-20094.84	-18639.75	-13912.41	-3124.94	Upgrade
Gross Margin	17.51%	14.44%	14.56%	14.44%	27.10%	15.67%	Upgrade
Operating Margin	2.57%	-3.12%	-1.53%	-10.44%	2.48%	-3.03%	Upgrade
Profit Margin	4.95%	5.99%	1.30%	8.63%	-2.00%	4.95%	Upgrade
Free Cash Flow Margin	18.98%	-14.66%	-46.19%	-69.12%	-40.61%	-10.49%	Upgrade
EBITDA	30,588,797	16,063,169	15,137,156	10,653,159	18,039,966	6,719,667	Upgrade
EBITDA Margin	11.97%	8.50%	9.38%	10.46%	14.35%	6.08%	Upgrade
D&A For EBITDA	24,014,045	21,964,577	17,605,842	21,284,073	14,919,628	10,063,535	Upgrade
EBIT	6,574,752	-5,901,408	-2,468,686	-10,630,914	3,120,338	-3,343,868	Upgrade
EBIT Margin	2.57%	-3.12%	-1.53%	-10.44%	2.48%	-3.03%	Upgrade
Effective Tax Rate	63.55%	68.48%	85.07%	83.97%	340.21%	67.40%	Upgrade
Revenue as Reported	255,478,262	189,068,040	161,427,568	101,793,582	125,687,870	110,490,033	Upgrade

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