Income Statement Art Design and Communication

Stocks

ADC

VN000000ADC4

Business Support Services

End-of-day quote HANOI S.E. 2026-10-02			5-day change	1st Jan Change
15,000.00 ^VND	-1.32%		-1.32%	-19.35%

07-19	Art Design and Communication Joint Stock Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
04-19	Art Design and Communication Joint Stock Company Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: ART DESIGN AND COMMUNICATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Revenues	432B	412B	363B
Total Revenues	432B	412B	363B
Cost of Goods Sold, Total	290B	272B	225B
Gross Profit	142B	141B	138B
Selling General & Admin Expenses, Total	125B	125B	126B
Other Operating Expenses, Total	125B	125B	126B
Operating Income	17.17B	16.03B	11.39B
Interest Expense, Total	-320M	-260M	-120M
Interest And Investment Income	1.6B	1.95B	2.9B
Net Interest Expenses	1.28B	1.69B	2.78B
Other Non Operating Income (Expenses)	-286M	-156M	-211M
EBT, Excl. Unusual Items	18.17B	17.56B	13.96B
Gain (Loss) On Sale Of Investments	-	-	32.79M
Gain (Loss) On Sale Of Assets	-	-	36.5M
EBT, Incl. Unusual Items	18.17B	17.56B	14.03B
Income Tax Expense	3.94B	3.6B	2.96B
Earnings From Continuing Operations	14.23B	13.96B	11.07B
Net Income to Company	14.23B	13.96B	11.07B
Net Income - (IS)	14.23B	13.96B	11.07B
Preferred Dividend and Other Adjustments	2.85B	2.79B	2.09B
Net Income to Common Incl Extra Items	11.39B	11.17B	8.98B
Net Income to Common Excl. Extra Items	11.39B	11.17B	8.98B
Per Share Items
Net EPS - Basic	2.86K	2.81K	2.26K
Basic EPS - Continuing Operations	2.86K	2.81K	2.26K
Basic Weighted Average Shares Outstanding	3.98M	3.98M	3.98M
Net EPS - Diluted	2.86K	2.81K	2.26K
Diluted EPS - Continuing Operations	2.86K	2.81K	2.26K
Diluted Weighted Average Shares Outstanding	3.98M	3.98M	3.98M
Normalized Basic EPS	2.85K	2.76K	2.19K
Normalized Diluted EPS	2.85K	2.76K	2.19K
Dividend Per Share	-	1.5K	-
Payout Ratio	41.96	42.84	53.63
Supplemental Items
EBITDA	19.19B	17.15B	12.38B
EBITA	17.17B	16.03B	11.39B
EBIT	17.17B	16.03B	11.39B
EBITDAR	43.79B	41.47B	-
Total Revenues (As Reported)	432B	412B	363B
Effective Tax Rate - (Ratio)	21.68	20.51	21.07
Total Current Taxes	3.94B	3.6B	2.96B
Normalized Net Income	11.36B	10.98B	8.72B
Supplemental Operating Expense Items
Selling and Marketing Expenses	79.24B	79.95B	109B
General and Administrative Expenses	20.92B	20.23B	16.95B
Net Rental Expense, Total	24.6B	24.32B	-

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Assets
Cash And Equivalents	39.34B	20.03B	8.86B
Short Term Investments	14.9B	57.87B	59.49B
Trading Asset Securities, Total	-	-	440M
Total Cash And Short Term Investments	54.24B	77.91B	68.79B
Accounts Receivable, Total	25.34B	32.1B	42.97B
Other Receivables	3.13B	1.16B	1.39B
Total Receivables	28.47B	33.26B	44.36B
Inventory	42.43B	33.36B	44.32B
Prepaid Expenses	4.09B	2.18B	2.78B
Other Current Assets, Total	3.98B	1.63B	1.41B
Total Current Assets	133B	148B	162B
Gross Property Plant And Equipment	35.35B	36.02B	35.35B
Accumulated Depreciation	-18.41B	-19.52B	-19.08B
Net Property Plant And Equipment	16.94B	16.5B	16.27B
Other Intangibles, Total	1.21B	1B	2.02B
Deferred Charges Long-Term	5.43B	3.65B	475M
Other Long-Term Assets, Total	5.46B	5.38B	11.72B
Total Assets	162B	175B	192B
Liabilities
Accounts Payable, Total	43.63B	47.17B	62.79B
Accrued Expenses, Total	35.77B	38.56B	37.5B
Current Income Taxes Payable	3.04B	3.1B	2.37B
Other Current Liabilities	1.77B	2.86B	3.98B
Total Current Liabilities	84.21B	91.69B	107B
Total Liabilities	84.21B	91.69B	107B
Common Stock, Total	39.78B	39.78B	39.78B
Retained Earnings	38.25B	43.4B	45.71B
Total Common Equity	78.03B	83.18B	85.49B
Total Equity	78.03B	83.18B	85.49B
Total Liabilities And Equity	162B	175B	192B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.98M	3.98M	3.98M
ECS Total Common Shares Outstanding	3.98M	3.98M	3.98M
Book Value / Share	19.62K	20.91K	21.49K
Tangible Book Value	76.82B	82.18B	83.47B
Tangible Book Value Per Share	19.32K	20.66K	20.98K
Total Debt	0	0	0
Net Debt	-54.24B	-77.91B	-68.79B
Debt Equivalent Oper. Leases	197B	195B	-
Account Code - Inventory Valuation	-	6	6
Inventories - Raw Materials, Total	1.62B	1.06B	993M
Inventories - Finished Goods, Total	40.81B	32.29B	46.26B
Buildings, Total	18.13B	18.13B	18.13B
Machinery, Total	17.15B	17.56B	14.12B
Full Time Employees	-	341	285
Accumulated Allowance for Doubtful Accounts (Supple)	1.06B	1.23B	1.41B

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Net Income	14.23B	13.96B	11.07B
Depreciation & Amortization - CF	2.02B	1.12B	992M
Depreciation & Amortization, Total	2.02B	1.12B	992M
Amortization of Deferred Charges, Total - (CF)	-	761M	792M
(Gain) Loss From Sale Of Asset	-991M	-1.48B	-2.39B
Other Operating Activities, Total	-2.49B	-819M	1.76B
Change in Trading Asset Securities	-	-	310M
Change In Accounts Receivable	8.33B	-2.54B	-10.3B
Change In Inventories	11.54B	9.07B	-13.9B
Change In Accounts Payable	-6.11B	5.62B	13.51B
Change in Other Net Operating Assets	1.96B	3.76B	-3.65B
Cash from Operations	28.49B	29.46B	-1.82B
Capital Expenditure	-646M	-1.33B	-2.62B
Sale of Property, Plant, and Equipment	-	-	10.83M
Investment in Marketable and Equity Securities, Total	5.34B	-43B	-3B
Other Investing Activities, Total	887M	1.54B	2.2B
Cash from Investing	5.59B	-42.79B	-3.42B
Common Dividends Paid	-5.97B	-5.98B	-5.94B
Common & Preferred Stock Dividends Paid	-5.97B	-5.98B	-5.94B
Cash from Financing	-5.97B	-5.98B	-5.94B
Net Change in Cash	28.11B	-19.31B	-11.18B
Supplemental Items
Cash Income Tax Paid (Refund)	4.04B	3.55B	3.68B
Levered Free Cash Flow	26.15B	26.41B	-1.26B
Unlevered Free Cash Flow	26.35B	26.57B	-1.19B
Change In Net Working Capital	-14.25B	-16B	7.47B

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Profitability
Return on Assets	6.62	5.94	3.88
Return on Total Capital	14.27	12.43	8.44
Return On Equity %	18.92	17.32	13.13
Return on Common Equity	15.14	13.86	10.64
Margin Analysis
Gross Profit Margin %	32.88	34.08	37.94
SG&A Margin	28.9	30.2	34.8
EBITDA Margin %	4.45	4.16	3.41
EBITA Margin %	3.98	3.89	3.14
EBIT Margin %	3.98	3.89	3.14
Income From Continuing Operations Margin %	3.3	3.39	3.05
Net Income Margin %	3.3	3.39	3.05
Net Avail. For Common Margin %	2.64	2.71	2.47
Normalized Net Income Margin	2.63	2.66	2.4
Levered Free Cash Flow Margin	6.06	6.4	-0.35
Unlevered Free Cash Flow Margin	6.11	6.44	-0.33
Asset Turnover
Asset Turnover	2.66	2.45	1.98
Fixed Assets Turnover	24.55	24.66	22.16
Receivables Turnover (Average Receivables)	14.74	14.36	9.67
Inventory Turnover (Average Inventory)	6.08	7.17	5.8
Short Term Liquidity
Current Ratio	1.58	1.62	1.52
Quick Ratio	0.98	1.21	1.06
Operating Cash Flow to Current Liabilities	0.34	0.32	-0.02
Days Sales Outstanding (Average Receivables)	24.76	25.5	37.74
Days Outstanding Inventory (Average Inventory)	60.04	51.03	62.92
Average Days Payable Outstanding	58.14	63.25	84.94
Cash Conversion Cycle (Average Days)	26.66	13.28	15.72
Long Term Solvency
Total Liabilities / Total Assets	51.9	52.43	55.51
EBIT / Interest Expense	53.69	61.74	95.02
EBITDA / Interest Expense	60.02	66.06	103.3
(EBITDA - Capex) / Interest Expense	58	60.94	81.41
Net Debt / EBITDA	-2.83	-4.54	-5.56
Net Debt / (EBITDA - Capex)	-2.92	-4.93	-7.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.56	-4.49	-11.95
Gross Profit, 1 Yr. Growth %	1.01	-0.99	-1.99
EBITDA, 1 Yr. Growth %	3.17	-10.67	-30.85
EBITA, 1 Yr. Growth %	3.74	-6.68	-28.92
EBIT, 1 Yr. Growth %	3.74	-6.68	-28.92
Earnings From Cont. Operations, 1 Yr. Growth %	8.21	-1.9	-20.72
Net Income, 1 Yr. Growth %	8.21	-1.9	-20.72
Normalized Net Income, 1 Yr. Growth %	5.46	-3.34	-20.54
Diluted EPS Before Extra, 1 Yr. Growth %	8.2	-1.89	-19.64
Accounts Receivable, 1 Yr. Growth %	-23.75	26.69	33.84
Inventory, 1 Yr. Growth %	-19.79	-21.38	32.86
Net Property, Plant and Equip., 1 Yr. Growth %	-7.01	-2.63	-1.38
Total Assets, 1 Yr. Growth %	0.18	7.78	9.88
Tangible Book Value, 1 Yr. Growth %	8.06	6.97	1.57
Common Equity, 1 Yr. Growth %	7.78	6.6	2.78
Cash From Operations, 1 Yr. Growth %	493.48	3.4	-106.19
Capital Expenditures, 1 Yr. Growth %	209.44	105.91	97.24
Levered Free Cash Flow, 1 Yr. Growth %	177.06	0.96	-104.78
Unlevered Free Cash Flow, 1 Yr. Growth %	179.18	0.81	-104.47
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	20.09	2.76	-8.29
Gross Profit, 2 Yr. CAGR %	12.29	0.01	-1.49
EBITDA, 2 Yr. CAGR %	19.06	-4	-19.68
EBITA, 2 Yr. CAGR %	20.81	-1.61	-18.55
EBIT, 2 Yr. CAGR %	20.81	-1.61	-18.55
Earnings From Cont. Operations, 2 Yr. CAGR %	17.04	3.03	-11.81
Net Income, 2 Yr. CAGR %	17.04	3.03	-11.81
Normalized Net Income, 2 Yr. CAGR %	15.48	0.96	-12.36
Diluted EPS Before Extra, 2 Yr. CAGR %	17.02	3.03	-11.21
Accounts Receivable, 2 Yr. CAGR %	-20.05	-1.71	30.22
Inventory, 2 Yr. CAGR %	9.37	-20.59	2.2
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.88	-4.85	-2.01
Total Assets, 2 Yr. CAGR %	6.21	3.91	8.82
Tangible Book Value, 2 Yr. CAGR %	8.66	7.52	4.24
Common Equity, 2 Yr. CAGR %	8.01	7.19	4.67
Cash From Operations, 2 Yr. CAGR %	14.89	147.72	-74.7
Capital Expenditures, 2 Yr. CAGR %	102.74	152.42	101.53
Levered Free Cash Flow, 2 Yr. CAGR %	2.09	67.25	-78.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	2.48	67.77	-78.77
Dividend Per Share, 2 Yr. CAGR %	-	0	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.36	11.27	-2.4
Gross Profit, 3 Yr. CAGR %	1.65	7.68	-0.66
EBITDA, 3 Yr. CAGR %	9.52	8.19	-12.69
EBITA, 3 Yr. CAGR %	8.85	10.85	-11.71
EBIT, 3 Yr. CAGR %	8.85	10.85	-11.71
Earnings From Cont. Operations, 3 Yr. CAGR %	4.7	10.35	-5.58
Net Income, 3 Yr. CAGR %	4.7	10.35	-5.58
Normalized Net Income, 3 Yr. CAGR %	3.71	8.83	-6.78
Diluted EPS Before Extra, 3 Yr. CAGR %	-2.81	10.34	-5.16
Accounts Receivable, 3 Yr. CAGR %	28.58	-6.79	8.94
Inventory, 3 Yr. CAGR %	18.3	-2.02	-5.72
Net Property, Plant and Equip., 3 Yr. CAGR %	-9.81	-5.49	-3.71
Total Assets, 3 Yr. CAGR %	5.55	6.73	5.86
Tangible Book Value, 3 Yr. CAGR %	6.5	8.1	5.5
Common Equity, 3 Yr. CAGR %	7.06	7.53	5.7
Cash From Operations, 3 Yr. CAGR %	46.02	10.93	-27.58
Capital Expenditures, 3 Yr. CAGR %	-37.53	103.79	132.5
Levered Free Cash Flow, 3 Yr. CAGR %	45.13	1.71	-48.85
Unlevered Free Cash Flow, 3 Yr. CAGR %	45.5	1.92	-49.89
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.34	1.7	-0.9
Gross Profit, 5 Yr. CAGR %	3.76	2.28	0.38
EBITDA, 5 Yr. CAGR %	-	5.08	-3.25
EBITA, 5 Yr. CAGR %	9.44	6.06	-3.07
EBIT, 5 Yr. CAGR %	9.44	6.06	-3.07
Earnings From Cont. Operations, 5 Yr. CAGR %	6.94	4.76	-2.25
Net Income, 5 Yr. CAGR %	6.94	4.76	-2.25
Normalized Net Income, 5 Yr. CAGR %	6.45	3.73	-3.05
Diluted EPS Before Extra, 5 Yr. CAGR %	2.27	4.76	-6.26
Accounts Receivable, 5 Yr. CAGR %	12.17	18.45	29.23
Inventory, 5 Yr. CAGR %	13.26	8.88	11.58
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.28	-3.85	-6.76
Total Assets, 5 Yr. CAGR %	6.35	6.28	6.85
Tangible Book Value, 5 Yr. CAGR %	7.67	7.33	5.59
Common Equity, 5 Yr. CAGR %	8.01	7.59	6.09
Cash From Operations, 5 Yr. CAGR %	37.95	16.66	-27.57
Capital Expenditures, 5 Yr. CAGR %	-14.14	-11.89	-0.2
Levered Free Cash Flow, 5 Yr. CAGR %	67.47	14.72	-31.79
Unlevered Free Cash Flow, 5 Yr. CAGR %	67.71	14.86	-32.62