Viet Thang 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	1,603,395	1,707,314	1,681,950
Revenue Growth (YoY)	-6.09%	1.51%	-
Cost of Revenue	1,379,511	1,499,618	1,537,753
Gross Profit	223,884	207,696	144,196
Selling, General & Admin	155,786	145,727	104,476
Operating Expenses	155,786	145,727	104,476
Operating Income	68,097	61,968	39,721
Interest Expense	-23,860	-31,806	-40,664
Interest & Investment Income	687.33	2,378	15,678
Earnings From Equity Investments	-3,562	455.61	681.14
Currency Exchange Gain (Loss)	5,324	-2,662	-408.41
Other Non Operating Income (Expenses)	4,919	1,270	2,872
EBT Excluding Unusual Items	51,606	31,604	17,879
Gain (Loss) on Sale of Assets	437.05	637.85	-
Pretax Income	52,043	32,242	17,879
Income Tax Expense	15,553	10,458	5,193
Earnings From Continuing Operations	36,491	21,784	12,686
Minority Interest in Earnings	3,741	1,974	-606.4
Net Income	40,231	23,758	12,079
Preferred Dividends & Other Adjustments	1,198	671.78	373.79
Net Income to Common	39,034	23,087	11,705
Net Income Growth	69.34%	96.69%	-
Shares Outstanding (Basic)	21	21	21
Shares Outstanding (Diluted)	21	21	21
EPS (Basic)	1858.75	1099.36	557.40
EPS (Diluted)	1858.75	1099.36	557.40
EPS Growth	69.08%	97.23%	-
Free Cash Flow	187,988	-49,323	-67,058
Free Cash Flow Per Share	8951.83	-2348.70	-3193.24
Gross Margin	13.96%	12.16%	8.57%
Operating Margin	4.25%	3.63%	2.36%
Profit Margin	2.43%	1.35%	0.70%
Free Cash Flow Margin	11.72%	-2.89%	-3.99%
EBITDA	131,603	157,371	136,127
EBITDA Margin	8.21%	9.22%	8.09%
D&A For EBITDA	63,505	95,402	96,407
EBIT	68,097	61,968	39,721
EBIT Margin	4.25%	3.63%	2.36%
Effective Tax Rate	29.88%	32.44%	29.05%
Revenue as Reported	1,603,395	1,707,314	1,681,950

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