VinFast Auto (VFS) Income Statement: Revenue & Earnings

VinFast Auto Income Statement Analysis

Revenue, earnings, and profit margins in trillions VND

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VinFast Auto Ltd. income statement - Annual data in trillions VND
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	44.02	27.88	13.93	16.03	13.69
Cost of Revenue	69.30	41.59	26.97	25.28	20.39
Gross Profit	-25.28	-13.71	-13.05	-9.26	-6.70
Operating Expenses
Research & Development	10.03	15.41	21.20	9.26	3.93
Selling, General & Administrative	16.89	11.27	9.43	4.63	2.55
Operating Expenses	30.12	27.85	30.71	13.81	6.60
Operating Income	-55.40	-41.57	-43.75	-23.06	-13.30
Other Income/Expense
Interest Income	0.62	0.57	0.16	1.40	0.47
Interest Expense	15.66	10.13	-6.53	-3.44	-3.70
Other Income/Expense	-21.99	-5.41	-0.97	-2.86	-2.35
Income
Income Before Tax	-77.38	-60.17	-51.90	-32.01	-18.86
Income Tax Expense	-0.03	0.08	1.06	0.21	0.09
Net Income	-77.27	-60.17	-52.89	-32.18	-18.95
Net Income - Continuous Operations	-77.27	-60.25	-52.96	-32.22	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-44.19	-43.06	-37.36	-18.17	-9.00
EBIT	-61.72	-50.04	-43.75	-23.06	-13.30
Depreciation & Amortization	9.88	6.98	6.39	4.89	4.30
Earnings Per Share
Basic EPS	-33042.00	-24710.00	-23005.00	-20386.00	-
Diluted EPS	-33042.00	-24710.00	-23005.00	-20386.00	-
Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00
Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00