HOSE:VSH 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	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,304,087	1,825,139	2,572,042	3,084,637	1,611,301
Revenue Growth (YoY)	26.24%	-29.04%	-16.62%	91.44%	373.05%
Selling, General & Admin	68,270	22,282	28,522	32,191	9,648
Depreciation & Amortization	-	516.94	587.31	589.13	495.6
Provision for Bad Debts	-	-	-	922.47	8,186
Other Operating Expenses	1,075,893	976,533	1,044,583	1,105,835	823,424
Total Operating Expenses	1,144,163	999,331	1,073,692	1,139,537	841,753
Operating Income	1,159,923	825,808	1,498,350	1,945,100	769,548
Interest Expense	-200,617	-277,800	-392,413	-408,092	-323,440
Interest Income	-	13,781	5,309	5,905	3,299
Net Interest Expense	-200,617	-264,019	-387,104	-402,187	-320,140
Currency Exchange Gain (Loss)	-	-19,277	-13,700	-20,833	7,252
Other Non-Operating Income (Expenses)	-1,873	-20,599	-5,113	-113,360	-5,626
EBT Excluding Unusual Items	957,433	521,913	1,092,433	1,408,720	451,034
Legal Settlements	-	-	-	-28,886	-
Pretax Income	957,433	521,913	1,092,433	1,379,834	451,034
Income Tax Expense	94,823	73,584	98,443	114,989	63,761
Net Income	862,610	448,329	993,990	1,264,845	387,273
Preferred Dividends & Other Adjustments	-	-	5,532	8,048	11,749
Net Income to Common	862,610	448,329	988,458	1,256,797	375,524
Net Income Growth	92.41%	-54.90%	-21.41%	226.60%	105.67%
Shares Outstanding (Basic)	236	236	236	236	233
Shares Outstanding (Diluted)	236	236	236	236	233
Shares Change (YoY)	-	-	-	1.23%	13.15%
EPS (Basic)	3651.39	1897.76	4184.10	5319.97	1609.17
EPS (Diluted)	3651.39	1897.76	4184.00	5319.97	1609.00
EPS Growth	92.41%	-54.64%	-21.35%	230.64%	81.40%
Free Cash Flow	1,399,840	1,558,116	1,031,437	1,347,728	425,820
Free Cash Flow Per Share	5925.47	6595.44	4366.03	5704.88	1824.70
Dividend Per Share	-	2000.000	4000.000	3000.000	1000.000
Dividend Growth	-	-50.00%	33.33%	200.00%	-
Profit Margin	37.44%	24.56%	38.43%	40.74%	23.31%
Free Cash Flow Margin	60.76%	85.37%	40.10%	43.69%	26.43%
EBITDA	1,750,196	1,415,768	2,085,617	2,536,837	1,239,609
EBITDA Margin	75.96%	77.57%	81.09%	82.24%	76.93%
D&A For EBITDA	590,273	589,960	587,267	591,738	470,061
EBIT	1,159,923	825,808	1,498,350	1,945,100	769,548
EBIT Margin	50.34%	45.25%	58.26%	63.06%	47.76%
Effective Tax Rate	9.90%	14.10%	9.01%	8.33%	14.14%
Revenue as Reported	2,304,087	-	-	-	-

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