VNDIRECT Securities JSC 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
Interest and Dividend Income	2,344,687	2,333,866	2,090,316	2,205,753	2,766,910	1,799,580
Total Interest Expense	1,239,813	1,115,159	667,433	1,444,406	958,803	413,712
Net Interest Income	1,104,874	1,218,707	1,422,882	761,348	1,808,108	1,385,868
Brokerage Commission	1,070,613	971,904	719,864	867,030	1,250,405	1,614,986
Asset Management Fee	79,823	78,023	88,975	92,478	67,605	14,916
Underwriting & Investment Banking Fee	44,059	43,857	53,975	107,575	193,690	255,051
Gain on Sale of Investments (Rev)	3,504,897	3,062,565	2,294,189	3,243,761	2,665,912	2,207,707
Other Revenue	145,174	150,006	77,626	44,824	51,193	146,994
Revenue Before Loan Losses	5,949,440	5,525,062	4,657,511	5,117,017	6,036,912	5,625,521
Provision for Loan Losses	165,073	161,580	130,321	-88,909	89,636	73,998
Revenue	5,784,367	5,363,482	4,527,190	5,205,926	5,947,276	5,551,523
Revenue Growth (YoY)	33.60%	18.47%	-13.04%	-12.46%	7.13%	217.74%
Cost of Services Provided	1,343,365	1,296,404	1,183,849	1,217,330	1,461,618	1,458,654
Other Operating Expenses	26,242	18,944	68,421	48,270	87,303	94,071
Total Operating Expenses	1,369,607	1,315,349	1,252,271	1,265,600	1,548,921	1,552,725
Operating Income	4,414,760	4,048,133	3,274,919	3,940,326	4,398,355	3,998,798
Currency Exchange Gains	-14.43	-14.41	-	6,668	-108,396	-32,118
Other Non-Operating Income (Expenses)	14,340	13,659	20,507	18,967	21,869	11,793
EBT Excluding Unusual Items	4,429,086	4,061,778	3,295,426	3,965,961	4,311,829	3,978,473
Gain (Loss) on Sale of Investments	-1,721,797	-1,557,715	-1,207,102	-1,483,619	-2,584,029	-998,253
Pretax Income	2,711,355	2,508,129	2,088,324	2,482,342	1,727,799	2,980,221
Income Tax Expense	526,465	486,044	369,899	460,092	361,856	597,297
Net Income	2,184,891	2,022,085	1,718,425	2,022,251	1,365,944	2,382,924
Preferred Dividends & Other Adjustments	-	-	73,095	185,563	-	-
Net Income to Common	2,184,891	2,022,085	1,645,330	1,836,688	1,365,944	2,382,924
Net Income Growth	47.24%	17.67%	-15.02%	48.05%	-42.68%	243.97%
Shares Outstanding (Basic)	1,522	1,522	1,377	1,522	1,387	695
Shares Outstanding (Diluted)	1,522	1,522	1,377	1,522	1,387	695
Shares Change (YoY)	6.99%	10.59%	-9.57%	9.73%	99.52%	76.43%
EPS (Basic)	1435.26	1328.31	1195.25	1206.52	984.59	3426.95
EPS (Diluted)	1435.26	1328.31	1195.25	1206.52	984.59	3426.95
EPS Growth	44.75%	11.13%	-0.93%	22.54%	-71.27%	99.79%
Free Cash Flow	4,815,620	-4,480,861	-7,147,235	2,107,830	-3,194,082	-13,388,519
Free Cash Flow Per Share	3163.39	-2943.48	-5192.10	1384.63	-2302.34	-19254.38
Dividend Per Share	-	-	500.000	476.190	-	476.190
Dividend Growth	-	-	5.00%	-	-	-
Operating Margin	76.32%	75.48%	72.34%	75.69%	73.96%	72.03%
Profit Margin	37.77%	37.70%	36.34%	35.28%	22.97%	42.92%
Free Cash Flow Margin	83.25%	-83.54%	-157.87%	40.49%	-53.71%	-241.17%
Effective Tax Rate	19.42%	19.38%	17.71%	18.54%	20.94%	20.04%
Revenue as Reported	7,189,253	6,640,221	5,324,944	6,561,422	6,995,715	6,039,233

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