HOSE:VNE 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 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Revenue	516,456	700,627	1,057,691	2,132,865	1,999,013
Revenue Growth (YoY)	-26.29%	-33.76%	-50.41%	6.70%	53.81%
Cost of Revenue	468,401	705,454	898,588	1,999,789	1,904,015
Gross Profit	48,054	-4,828	159,103	133,076	94,998
Selling, General & Admin	-8,145	88,023	57,372	20,340	55,279
Operating Expenses	-8,145	88,023	57,372	20,340	55,279
Operating Income	56,200	-92,851	101,731	112,736	39,719
Interest Expense	-102,387	-160,259	-123,670	-101,813	-37,195
Interest & Investment Income	-	1,163	7,610	10,158	3,647
Earnings From Equity Investments	189.41	220.9	153.38	4,880	1,882
Currency Exchange Gain (Loss)	-	-1,373	-796.37	-6,545	1,465
Other Non Operating Income (Expenses)	87,270	-4,909	-5,236	-4,319	130.48
EBT Excluding Unusual Items	41,272	-258,008	-20,208	15,096	9,649
Gain (Loss) on Sale of Investments	-	-1,971	404.41	3,590	3,059
Gain (Loss) on Sale of Assets	-	1,114	77.83	19.29	-
Other Unusual Items	-	-	-	-	-370.19
Pretax Income	41,272	-258,866	-19,725	18,705	12,338
Income Tax Expense	-933.87	6,935	8,815	8,626	2,859
Earnings From Continuing Operations	42,206	-265,801	-28,540	10,079	9,479
Minority Interest in Earnings	23,237	11,043	10,424	4,392	-1,530
Net Income	65,443	-254,759	-18,116	14,472	7,949
Preferred Dividends & Other Adjustments	-	-	-	322.19	2,516
Net Income to Common	65,443	-254,759	-18,116	14,149	5,432
Net Income Growth	-	-	-	82.06%	-31.18%
Shares Outstanding (Basic)	82	82	82	82	82
Shares Outstanding (Diluted)	82	82	82	82	82
Shares Change (YoY)	-0.06%	0.12%	0.03%	-	-
EPS (Basic)	798.00	-3104.72	-221.05	172.69	66.30
EPS (Diluted)	798.00	-3104.72	-221.05	172.69	66.00
EPS Growth	-	-	-	161.65%	-49.44%
Free Cash Flow	53,034	31,773	-303,228	-899,261	-312,631
Free Cash Flow Per Share	646.68	387.21	-3699.93	-10975.42	-3815.64
Gross Margin	9.30%	-0.69%	15.04%	6.24%	4.75%
Operating Margin	10.88%	-13.25%	9.62%	5.29%	1.99%
Profit Margin	12.67%	-36.36%	-1.71%	0.66%	0.27%
Free Cash Flow Margin	10.27%	4.54%	-28.67%	-42.16%	-15.64%
EBITDA	114,404	-31,394	162,012	186,454	69,852
EBITDA Margin	22.15%	-4.48%	15.32%	8.74%	3.49%
D&A For EBITDA	58,205	61,457	60,281	73,718	30,133
EBIT	56,200	-92,851	101,731	112,736	39,719
EBIT Margin	10.88%	-13.25%	9.62%	5.29%	1.99%
Effective Tax Rate	-	-	-	46.12%	23.17%
Revenue as Reported	516,456	700,627	1,057,691	2,132,865	1,999,013

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