HOSE:VSC 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	Jun '26 Jun 30, 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
Revenue	3,438,302	3,205,512	2,787,913	2,180,945	2,007,397	1,892,131
Revenue Growth	15.65%	14.98%	27.83%	8.64%	6.09%	12.04%
Cost of Revenue	2,071,588	2,064,827	1,953,430	1,526,506	1,348,669	1,289,742
Gross Profit	1,366,713	1,140,685	834,483	654,439	658,729	602,389
Selling, General & Admin	513,307	459,863	335,401	226,950	184,585	129,439
Operating Expenses	513,307	459,863	335,401	226,950	184,585	129,439
Operating Income	853,406	680,822	499,083	427,490	474,144	472,949
Interest Expense	-453,700	-274,513	-167,149	-170,447	-1,105	-
Interest & Investment Income	6,047	34,452	30,826	28,617	27,353	11,232
Earnings From Equity Investments	307,268	121,568	-3,532	-17,960	-19,723	4,441
Currency Exchange Gain (Loss)	-	-	-	-	-3,915	-
Other Non Operating Income (Expenses)	-70,923	10,827	-895.8	-2,570	889.4	-6,640
EBT Excluding Unusual Items	642,098	573,156	358,332	265,131	477,644	481,983
Gain (Loss) on Sale of Investments	74,594	74,594	174,315	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-731.68	708.76
Other Unusual Items	11,967	11,967	-8,069	-	-	-
Pretax Income	750,773	681,831	524,578	265,131	476,913	482,691
Income Tax Expense	171,551	156,287	90,039	66,109	83,774	68,889
Earnings From Continuing Operations	579,222	525,544	434,539	199,022	393,139	413,803
Minority Interest in Earnings	-235,978	-184,564	-98,379	-75,399	-78,846	-63,858
Net Income	343,244	340,980	336,160	123,623	314,294	349,945
Preferred Dividends & Other Adjustments	-	-	27,000	25,000	28,000	23,000
Net Income to Common	343,244	340,980	309,160	98,623	286,294	326,945
Net Income Growth	-12.71%	10.29%	213.47%	-65.55%	-12.43%	51.57%
Shares Outstanding (Basic)	374	372	302	179	173	90
Shares Outstanding (Diluted)	374	372	302	179	173	90
Shares Change	-	23.16%	68.30%	3.84%	92.60%	-0.00%
EPS (Basic)	916.86	917.74	1024.78	550.20	1658.50	3647.89
EPS (Diluted)	916.86	917.74	1024.78	550.20	1658.50	3647.86
EPS Growth	-12.71%	-10.45%	86.26%	-66.83%	-54.53%	51.58%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-1,132,122	-443,587	-989.81	637,059	334,382	552,338
Free Cash Flow Per Share	-3024.07	-1193.90	-3.28	3554.02	1937.08	6162.72
Dividend Per Share	-	-	500.000	-	-	-
Dividend Growth	-	-	-59.35%	-	-	-
Gross Margin	39.75%	35.59%	29.93%	30.01%	32.81%	31.84%
Operating Margin	24.82%	21.24%	17.90%	19.60%	23.62%	25.00%
Profit Margin	9.98%	10.64%	11.09%	4.52%	14.26%	17.28%
Free Cash Flow Margin	-32.93%	-13.84%	-0.04%	29.21%	16.66%	29.19%
EBITDA	1,196,347	1,013,097	731,594	620,857	675,671	673,384
EBITDA Margin	34.80%	31.61%	26.24%	28.47%	33.66%	35.59%
D&A For EBITDA	342,941	332,275	232,511	193,368	201,527	200,434
EBIT	853,406	680,822	499,083	427,490	474,144	472,949
EBIT Margin	24.82%	21.24%	17.90%	19.60%	23.62%	25.00%
Effective Tax Rate	22.85%	22.92%	17.16%	24.93%	17.57%	14.27%
Revenue as Reported	3,438,302	3,205,512	2,787,913	2,180,945	2,007,397	1,892,131
Advertising Expenses	-	43,950	38,619	8,413	-	-