HOSE:VSI 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	572,764	251,709	465,001
Revenue Growth (YoY)	127.55%	-45.87%	-
Cost of Revenue	489,775	178,933	393,265
Gross Profit	82,989	72,776	71,736
Selling, General & Admin	31,472	31,953	23,172
Operating Expenses	31,472	31,953	23,172
Operating Income	51,517	40,823	48,565
Interest Expense	-8,662	-10,019	-18,039
Interest & Investment Income	-	2,348	4,218
Currency Exchange Gain (Loss)	-	27.84	14.88
Other Non Operating Income (Expenses)	2,462	-162.17	-1,046
EBT Excluding Unusual Items	45,317	33,019	33,712
Gain (Loss) on Sale of Assets	-	276.3	397.1
Pretax Income	45,317	33,295	34,109
Income Tax Expense	8,630	6,717	8,456
Earnings From Continuing Operations	36,688	26,578	25,653
Minority Interest in Earnings	-69.17	-433.22	609.47
Net Income	36,619	26,145	26,263
Preferred Dividends & Other Adjustments	-	3,268	3,283
Net Income to Common	36,619	22,877	22,980
Net Income Growth	40.06%	-0.45%	-
Shares Outstanding (Basic)	15	13	13
Shares Outstanding (Diluted)	15	13	13
Shares Change (YoY)	12.63%	-	-
EPS (Basic)	2463.00	1733.08	1740.88
EPS (Diluted)	2463.00	1733.08	1740.88
EPS Growth	42.12%	-0.45%	-
Free Cash Flow	63,594	66,300	59,940
Free Cash Flow Per Share	4277.37	5022.69	4540.88
Gross Margin	14.49%	28.91%	15.43%
Operating Margin	8.99%	16.22%	10.44%
Profit Margin	6.39%	9.09%	4.94%
Free Cash Flow Margin	11.10%	26.34%	12.89%
EBITDA	74,890	64,196	71,693
EBITDA Margin	13.08%	25.50%	15.42%
D&A For EBITDA	23,373	23,373	23,128
EBIT	51,517	40,823	48,565
EBIT Margin	8.99%	16.22%	10.44%
Effective Tax Rate	19.04%	20.17%	24.79%
Revenue as Reported	572,764	251,709	465,001

Source: S&P Global Market Intelligence. Standard template. Financial Sources.