Victory Capital JSC 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024
Revenue	494,213	268,248	20,096
Revenue Growth (YoY)	84.24%	1234.82%	-
Cost of Revenue	436,342	217,868	9,949
Gross Profit	57,872	50,380	10,147
Selling, General & Admin	70,188	43,410	12,965
Operating Expenses	70,188	43,410	12,965
Operating Income	-12,317	6,970	-2,818
Interest Expense	-8,253	-2,526	-
Interest & Investment Income	11,937	3,029	5,197
Other Non Operating Income (Expenses)	28,351	6,544	168.26
EBT Excluding Unusual Items	19,719	14,018	2,547
Gain (Loss) on Sale of Assets	169.71	-	-
Legal Settlements	-	-51,402	-
Other Unusual Items	-158.93	-2,601	-
Pretax Income	19,729	-39,985	2,547
Income Tax Expense	4,257	1,754	161.49
Earnings From Continuing Operations	15,472	-41,738	2,386
Minority Interest in Earnings	-3,475	-6,430	99.1
Net Income	11,997	-48,168	2,485
Net Income to Common	11,997	-48,168	2,485
Shares Outstanding (Basic)	100	99	99
Shares Outstanding (Diluted)	100	99	99
Shares Change (YoY)	1.15%	-0.52%	-
EPS (Basic)	119.97	-487.21	25.00
EPS (Diluted)	119.97	-487.21	25.00
Free Cash Flow	193,360	-54,931	5,790
Free Cash Flow Per Share	1933.60	-555.61	58.26
Gross Margin	11.71%	18.78%	50.49%
Operating Margin	-2.49%	2.60%	-14.02%
Profit Margin	2.43%	-17.96%	12.36%
Free Cash Flow Margin	39.13%	-20.48%	28.81%
EBITDA	-1,574	28,186	2,402
EBITDA Margin	-0.32%	10.51%	11.95%
D&A For EBITDA	10,742	21,216	5,220
EBIT	-12,317	6,970	-2,818
EBIT Margin	-2.49%	2.60%	-14.02%
Effective Tax Rate	21.58%	-	6.34%
Revenue as Reported	494,213	268,248	20,096

Source: S&P Capital IQ. Standard template. Financial Sources.