HOSE:VRC 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 2014	FY 2013
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013
Revenue	7,071	15,107	3,912	44,487	99,801
Revenue Growth (YoY)	-53.19%	286.19%	-91.21%	-55.43%	13.50%
Cost of Revenue	1,198	3,245	181.79	27,080	75,585
Gross Profit	5,873	11,862	3,730	17,407	24,216
Selling, General & Admin	3,129	3,566	3,268	5,750	5,701
Other Operating Expenses	-	-	-	819.21	1,797
Operating Expenses	3,129	3,566	3,268	6,569	7,498
Operating Income	2,743	8,296	461.63	10,838	16,719
Interest Expense	-954.59	-6,506	-46.77	-11,051	-14,700
Interest & Investment Income	254.51	19.8	21.49	178.44	63.19
Earnings From Equity Investments	-27.44	-38.64	-10.43	-	-
Other Non Operating Income (Expenses)	-239.72	385.71	440.55	519.05	-1,073
EBT Excluding Unusual Items	1,776	2,156	866.48	484.79	1,009
Gain (Loss) on Sale of Assets	-	181.82	-	1,075	792.65
Other Unusual Items	-	-1.43	-196.51	-	-
Pretax Income	1,776	2,337	669.96	1,560	1,802
Income Tax Expense	436.61	569.51	267.42	656.57	885.71
Earnings From Continuing Operations	1,340	1,767	402.54	903.61	915.95
Minority Interest in Earnings	-598.35	-789.79	-204.08	-132.27	-252.5
Net Income	741.28	977.34	198.47	771.33	663.45
Net Income to Common	741.28	977.34	198.47	771.33	663.45
Net Income Growth	-24.15%	392.44%	-74.27%	16.26%	373.16%
Shares Outstanding (Basic)	49	50	50	14	14
Shares Outstanding (Diluted)	49	50	50	14	14
Shares Change (YoY)	-1.16%	-	256.18%	-0.11%	-0.90%
EPS (Basic)	15.00	19.55	3.97	54.95	47.21
EPS (Diluted)	15.00	19.55	3.97	54.95	47.21
EPS Growth	-23.26%	392.44%	-92.78%	16.39%	377.48%
Free Cash Flow	-8,093	-8,508	-120,150	-11,138	-32,604
Free Cash Flow Per Share	-163.77	-170.15	-2403.01	-793.43	-2320.05
Gross Margin	83.05%	78.52%	95.35%	39.13%	24.27%
Operating Margin	38.80%	54.92%	11.80%	24.36%	16.75%
Profit Margin	10.48%	6.47%	5.07%	1.73%	0.66%
Free Cash Flow Margin	-114.45%	-56.32%	-3071.52%	-25.04%	-32.67%
EBITDA	2,904	8,456	598.18	12,165	19,203
EBITDA Margin	41.06%	55.97%	15.29%	27.35%	19.24%
D&A For EBITDA	160.07	160.07	136.55	1,327	2,484
EBIT	2,743	8,296	461.63	10,838	16,719
EBIT Margin	38.80%	54.92%	11.80%	24.36%	16.75%
Effective Tax Rate	24.58%	24.37%	39.91%	42.08%	49.16%
Revenue as Reported	7,071	15,107	3,912	44,487	99,801

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