Vietnam Dairy Products JSC (HOSE:VNM)

HOSE:VNM Income Statement

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Jan 1, 2021
Revenue	60,604,704	61,782,610	60,368,916	59,956,247	60,919,165	59,636,286
Revenue Growth (YoY)	0.07%	2.34%	0.69%	-1.58%	2.15%	5.89%
Cost of Revenue	35,715,566	36,192,433	35,824,184	36,059,016	34,640,863	31,967,663
Gross Profit	24,889,137	25,590,176	24,544,732	23,897,232	26,278,301	27,668,623
Selling, General & Admin	15,295,121	15,185,624	14,773,712	14,144,058	14,517,983	15,405,648
Operating Expenses	15,295,121	15,185,624	14,773,712	14,144,058	14,517,983	15,405,648
Operating Income	9,594,016	10,404,553	9,771,019	9,753,174	11,760,319	12,262,975
Interest Expense	-268,349	-279,583	-354,821	-166,881	-89,020	-144,030
Interest & Investment Income	1,393,834	1,399,026	1,546,047	1,210,690	1,103,481	1,166,557
Earnings From Equity Investments	37,866	32,003	-80,631	-24,476	-45,044	3,882
Currency Exchange Gain (Loss)	25,238	31,121	10,010	-162,372	17,599	11,539
Other Non Operating Income (Expenses)	156,879	91,973	142,030	-21,775	181,289	-46,994
EBT Excluding Unusual Items	10,939,484	11,679,092	11,033,653	10,588,359	12,928,623	13,253,930
Gain (Loss) on Sale of Investments	-59.76	-59.76	-111.06	-4,500	-3,555	307,728
Gain (Loss) on Sale of Assets	-94,315	-79,379	-65,642	-88,325	-73,581	-43,122
Other Unusual Items	-	-	-	-	70,747	-
Pretax Income	10,845,110	11,599,654	10,967,899	10,495,535	12,922,235	13,518,536
Income Tax Expense	2,011,927	2,146,761	1,948,545	1,917,959	2,289,700	2,282,804
Earnings From Continuing Operations	8,833,183	9,452,893	9,019,354	8,577,575	10,632,536	11,235,732
Minority Interest in Earnings	-67,057	-60,583	-145,542	-61,552	-100,059	-136,795
Net Income	8,766,126	9,392,310	8,873,812	8,516,024	10,532,477	11,098,937
Preferred Dividends & Other Adjustments	923,671	986,477	940,038	924,627	1,092,037	1,131,165
Net Income to Common	7,842,455	8,405,833	7,933,775	7,591,396	9,440,440	9,967,771
Net Income Growth	-4.84%	5.84%	4.20%	-19.14%	-5.10%	4.89%
Shares Outstanding (Basic)	2,090	2,090	2,090	2,090	2,090	2,090
Shares Outstanding (Diluted)	2,090	2,090	2,090	2,090	2,090	2,090
Shares Change (YoY)	-3.06%	-	-	0.00%	0.01%	-0.00%
EPS (Basic)	3752.45	4022.02	3796.15	3632.32	4517.11	4770.06
EPS (Diluted)	3752.45	4022.02	3796.15	3632.32	4517.11	4770.06
EPS Growth	-4.69%	5.95%	4.51%	-19.59%	-5.30%	4.50%
Free Cash Flow	6,873,606	7,944,436	6,307,786	7,370,359	7,900,948	8,915,352
Free Cash Flow Per Share	3288.88	3801.25	3018.14	3526.56	3780.48	4266.43
Dividend Per Share	3850.000	3850.000	3850.000	5350.000	3850.000	4100.000
Dividend Growth	-	-	-28.04%	38.96%	-6.10%	9.33%
Gross Margin	41.07%	41.42%	40.66%	39.86%	43.14%	46.40%
Operating Margin	15.83%	16.84%	16.19%	16.27%	19.30%	20.56%
Profit Margin	12.94%	13.61%	13.14%	12.66%	15.50%	16.71%
Free Cash Flow Margin	11.34%	12.86%	10.45%	12.29%	12.97%	14.95%
EBITDA	11,924,753	12,723,599	12,071,146	12,094,164	14,127,197	15,079,991
EBITDA Margin	19.68%	20.59%	20.00%	20.17%	23.19%	25.29%
D&A For EBITDA	2,330,737	2,319,047	2,300,127	2,340,990	2,366,878	2,817,015
EBIT	9,594,016	10,404,553	9,771,019	9,753,174	11,760,319	12,262,975
EBIT Margin	15.83%	16.84%	16.19%	16.27%	19.30%	20.56%
Effective Tax Rate	18.55%	18.51%	17.77%	18.27%	17.72%	16.89%
Revenue as Reported	60,604,704	61,782,610	60,368,916	59,956,247	60,919,165	59,636,286

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.