| VND billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13,690.3 | 16,028.2 | 13,927.7 | 27,883.8 | 44,019.0 | 90,427.6 | +105.4% | |
| Cost of revenue | 20,385.5 | 25,284.0 | 26,974.5 | 41,594.7 | 69,296.7 | 128,888.5 | +86.0% | |
| Gross profit | (6,695.1) | (9,255.8) | (13,046.8) | (13,710.9) | (25,277.6) | (38,460.9) | −52.2% | |
| Research & development | 3,929.8 | 9,255.4 | 19,939.9 | 14,517.0 | 10,025.3 | 9,899.2 | −1.3% | |
| Selling, general & administrative | 2,553.1 | 4,628.4 | 9,333.2 | 11,273.3 | 16,888.0 | 21,295.1 | +26.1% | |
| Selling & marketing | 1,346.6 | 2,203.8 | 5,213.7 | 5,661.7 | 7,995.6 | 7,006.3 | −12.4% | |
| Operating expenses | 6,550.4 | 17,811.6 | 31,509.5 | 28,259.7 | 30,121.5 | 33,148.8 | +10.1% | |
| Operating income | (13,245.5) | (27,067.4) | (44,556.2) | (41,970.7) | (55,399.2) | (71,609.8) | −29.3% | |
| Interest expense | 3,701.7 | 3,442.1 | 6,527.9 | 12,073.4 | 15,661.2 | 22,314.5 | +42.5% | |
| Interest income | (603.5) | 440.3 | 158.6 | 187.6 | 621.3 | 306.3 | −50.7% | |
| Other income / expense | (5,617.0) | (4,942.3) | (7,340.1) | (18,202.8) | (21,985.5) | (25,263.4) | −14.9% | |
| Pre-tax income | (18,862.5) | (32,009.7) | (51,896.4) | (60,173.4) | (77,384.6) | (96,873.2) | −25.2% | |
| Income tax | 87.8 | 209.2 | 1,062.3 | 76.9 | (29.7) | 372.6 | +1354.7% | |
| Net income | (18,949.9) | (32,183.7) | (52,887.8) | (60,168.1) | (77,265.4) | (97,041.9) | −25.6% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (8,160.27) | (13,859.08) | (21,438.09) | (24,710.00) | (33,042.00) | (41,486.00) | −25.6% | |
| EPS, diluted (per share) | (8,160.27) | (13,859.08) | (21,438.09) | (24,838.00) | (33,042.00) | (41,486.00) | −25.6% | |
| EBITDA | (10,858.5) | (18,171.1) | (37,362.1) | (34,376.3) | (44,185.3) | (63,063.9) | −42.7% | |
| Depreciation & amortization | 4,302.2 | 4,891.4 | 6,389.8 | 6,981.9 | 9,876.5 | 11,494.7 | +16.4% | |
| Weighted average shares (shares) | 2,322,213,000 | 2,322,213,000 | 2,322,213,000 | 2,310,823,000 | 2,338,398,000 | 2,339,146,000 | +0.0% | |
| Weighted average diluted shares (shares) | 2,322,213,000 | 2,322,213,000 | 2,322,213,000 | 2,310,823,000 | 2,338,398,000 | 2,339,146,000 | +0.0% | |
| Gross margin | −48.9% | −57.7% | −93.7% | −49.2% | −57.4% | −42.5% | +14.9 pts | |
| Operating margin | −96.8% | −168.9% | −319.9% | −150.5% | −125.9% | −79.2% | +46.7 pts | |
| Net margin | −138.4% | −200.8% | −379.7% | −215.8% | −175.5% | −107.3% | +68.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in VND; the shares trade in USD.
