FOREIGN TRADE DEVELOPMENT & INVESTMENT CORPORATION OF HO CHI MINH CITY

Income Statement Foreign Trade Development & Investment Corporation of Ho Chi Minh City

Stocks

FDC

VN000000FDC3

Real Estate Development & Operations

End-of-day quote Ho Chi Minh S.E. 2026-09-10			5-day change	1st Jan Change
22,650.00 ^VND	+5.84%		-.--%	+38.96%

07-20	Foreign Trade Development & Investment Corporation of Ho Chi Minh City Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-08	Foreign Trade Development & Investment Corporation of Ho Chi Minh City Announces Dismissal of Ha Huu Uoc from as Deputy CEO, Effective May 7, 2026	CI

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Published financial data: FOREIGN TRADE DEVELOPMENT & INVESTMENT CORPORATION OF HO CHI MINH CITY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020 (VND)	2021 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Revenues	190B	186B	18.77B	28.94B	73.29B
Total Revenues	190B	186B	18.77B	28.94B	73.29B
Cost of Goods Sold, Total	157B	170B	5.18B	8.62B	19.29B
Gross Profit	33.07B	16B	13.6B	20.32B	54.01B
Selling General & Admin Expenses, Total	47.74B	30.85B	13.1B	11.26B	-170B
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses, Total	47.74B	30.85B	13.1B	11.26B	-170B
Operating Income	-14.67B	-14.85B	492M	9.06B	224B
Interest Expense, Total	-9.63B	-4.25B	-	-3.28B	-5.2B
Interest And Investment Income	1.87B	8.33B	25.06M	672M	1.66B
Net Interest Expenses	-7.76B	4.08B	25.06M	-2.6B	-3.53B
Currency Exchange Gains (Loss)	-2B	454M	1.32M	1M	977K
Other Non Operating Income (Expenses)	-26.92M	7.02B	221M	454K	-281K
EBT, Excl. Unusual Items	-24.46B	-3.3B	740M	6.46B	220B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	105M	22.02B	-	-	-
Other Unusual Items	-100M	-	-	-1.4B	-
EBT, Incl. Unusual Items	-24.45B	18.72B	740M	5.06B	220B
Income Tax Expense	1.5B	9.28B	14.95M	-	5.9B
Earnings From Continuing Operations	-25.95B	9.45B	725M	5.06B	214B
Net Income to Company	-25.95B	9.45B	725M	5.06B	214B
Minority Interest	-6.49M	328M	-	-	-
Net Income - (IS)	-25.96B	9.78B	725M	5.06B	214B
Net Income to Common Incl Extra Items	-25.96B	9.78B	725M	5.06B	214B
Net Income to Common Excl. Extra Items	-25.96B	9.78B	725M	5.06B	214B
Per Share Items
Net EPS - Basic	-672.04	253.13	18.77	131.06	5.55K
Basic EPS - Continuing Operations	-672.04	253.13	18.77	131.06	5.55K
Basic Weighted Average Shares Outstanding	38.63M	38.62M	38.62M	38.62M	38.62M
Net EPS - Diluted	-672.04	253	18.77	131.06	5.55K
Diluted EPS - Continuing Operations	-672.04	253	18.77	131.06	5.55K
Diluted Weighted Average Shares Outstanding	38.63M	38.62M	38.62M	38.62M	38.62M
Normalized Basic EPS	-395.86	-44.92	11.97	104.53	3.56K
Normalized Diluted EPS	-395.86	-44.92	11.97	104.53	3.56K
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	11.23B	4.79B	709M	11.42B	230B
EBITA	-11.87B	-13.36B	492M	9.06B	224B
EBIT	-14.67B	-14.85B	492M	9.06B	224B
EBITDAR	12.35B	5.45B	-	-	-
Total Revenues (As Reported)	-	186B	18.77B	28.94B	73.29B
Effective Tax Rate - (Ratio)	-6.14	49.54	2.02	-	2.68
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	1.5B	9.28B	-	-	5.9B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-1.91M	-	14.95M	-	-
Normalized Net Income	-15.29B	-1.73B	462M	4.04B	138B
Supplemental Operating Expense Items
Selling and Marketing Expenses	6.38B	6.1B	-	-	-
General and Administrative Expenses	41.36B	24.75B	13.1B	11.26B	-170B
Net Rental Expense, Total	1.12B	659M	-	-	-
Imputed Operating Lease Interest Expense	777M	-	-	-	-
Imputed Operating Lease Depreciation	341M	-	-	-	-

Fiscal Period: December	2020 (VND)	2021 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Assets
Cash And Equivalents	7.88B	46.7B	12.1B	35.59B	31.76B
Short Term Investments	-	-	500K	20B	500K
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	7.88B	46.7B	12.1B	55.59B	31.76B
Accounts Receivable, Total	232B	254B	518M	171M	180B
Other Receivables	6.3B	126B	946M	1.12B	1.03B
Notes Receivable	63B	140B	-	-	-
Total Receivables	302B	520B	1.46B	1.29B	181B
Inventory	16.83B	-	-	-	-
Prepaid Expenses	297M	7.41M	123M	253M	114M
Other Current Assets, Total	53.68B	3.64B	47.86B	46.94B	38.71B
Total Current Assets	380B	571B	61.54B	104B	252B
Gross Property Plant And Equipment	731B	233B	326B	268B	268B
Accumulated Depreciation	-195B	-1.69B	-1.58B	-1.53B	-1.6B
Net Property Plant And Equipment	537B	231B	325B	266B	267B
Long-term Investments	0	-	280B	280B	280B
Goodwill	12.97B	-	-	-	-
Other Intangibles, Total	50.5B	0	0	0	0
Accounts Receivable Long-Term	23M	-	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	27.69M	27.69M	16.6M	16.6M	16.6M
Other Long-Term Assets, Total	4.46B	2.62B	3.11B	171B	269B
Total Assets	985B	805B	669B	821B	1,068B
Liabilities
Accounts Payable, Total	24.24B	4.79B	20.38B	1.92B	84.73M
Accrued Expenses, Total	95.19B	76.82B	75.33B	6.26B	4.74B
Short-term Borrowings	91.48B	-	-	17.58B	4B
Current Portion of Long-Term Debt	9.87B	-	-	-	-
Current Portion of Leases	-	-	-	-	-
Current Income Taxes Payable	119M	4.2B	-	-	5.9B
Unearned Revenue Current, Total	56.32B	55.72B	55.72B	31.08B	50.8B
Other Current Liabilities	102B	19.13B	69.52B	2.65B	1.39B
Total Current Liabilities	379B	161B	221B	59.48B	66.92B
Long-Term Debt	-	-	-	92B	49B
Long-Term Leases	-	-	-	-	-
Unearned Revenue Non Current	-	-	-	-	66.28B
Deferred Tax Liability Non Current	12.7B	-	-	-	-
Other Non Current Liabilities	8.28B	1.5B	2.69B	219B	220B
Total Liabilities	400B	162B	224B	370B	403B
Common Stock, Total	386B	386B	386B	386B	386B
Additional Paid In Capital	203B	252B	252B	252B	252B
Retained Earnings	-5.13B	4.65B	-192B	-187B	27.05B
Treasury Stock	-90.62M	-90.62M	-90.62M	-90.62M	-90.62M
Total Common Equity	584B	643B	446B	451B	665B
Minority Interest	1.33B	-	-	-	-
Total Equity	585B	643B	446B	451B	665B
Total Liabilities And Equity	985B	805B	669B	821B	1,068B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	38.62M	38.62M	38.62M	38.62M	38.62M
ECS Total Common Shares Outstanding	38.62M	38.62M	-	38.62M	38.62M
Book Value / Share	15.11K	16.64K	11.54K	11.67K	17.22K
Tangible Book Value	520B	643B	446B	451B	665B
Tangible Book Value Per Share	13.47K	16.64K	11.54K	11.67K	17.22K
Total Debt	101B	0	0	110B	53B
Net Debt	93.46B	-46.7B	-12.1B	53.99B	21.24B
Debt Equivalent Oper. Leases	8.95B	5.27B	-	-	-
Minority Interest, Total (Incl. Fin. Div)	1.33B	-	-	-	-
Account Code - Inventory Valuation	6	6	-	3	3
Inventories - Raw Materials, Total	4.75B	-	-	-	-
Inventories - Work In Process, Total	4.37B	-	-	-	-
Inventories - Finished Goods, Total	3.3B	-	-	-	-
Inventories - Others	4.39B	-	-	-	-
Buildings, Total	284B	-	-	-	-
Machinery, Total	231B	1.73B	1.61B	1.74B	1.95B
Full Time Employees	224	19	-	28	29
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	5.47B	3.64B	199B	199B	19.25B

Fiscal Period: December	2020 (VND)	2021 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Net Income	-25.96B	9.78B	725M	5.06B	214B
Depreciation & Amortization - CF	23.1B	18.16B	217M	2.36B	6.74B
Amortization of Goodwill and Intangible Assets - (CF)	2.8B	1.49B	-	-	-
Depreciation & Amortization, Total	25.9B	19.64B	217M	2.36B	6.74B
Amortization of Deferred Charges, Total - (CF)	11.25M	5.62M	-	-	-
(Gain) Loss From Sale Of Asset	-1.98B	-30.37B	-	-500K	-
Other Operating Activities, Total	25.8B	8.14B	-635M	627M	-178B
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	-10.16B	-86.49B	134M	-843M	-99.34B
Change In Inventories	685M	6.1B	-	-	-
Change In Accounts Payable	-13.54B	81.9B	109M	52.78B	85.29B
Change in Other Net Operating Assets	689M	957M	555M	-8.86B	3.06B
Cash from Operations	1.45B	9.66B	1.1B	51.12B	31.99B
Capital Expenditure	-4.43B	-8.75B	-211M	-118B	-986M
Sale of Property, Plant, and Equipment	13.64M	56.77B	300K	500K	-
Investment in Marketable and Equity Securities, Total	82B	146B	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-60B	-118B	-	-20B	20B
Other Investing Activities, Total	416M	5.27B	25.06M	500M	1.75B
Cash from Investing	18B	81.18B	-186M	-137B	20.76B
Short Term Debt Issued, Total	32.29B	70.56B	-	-	-
Long-Term Debt Issued, Total	-	-	-	115B	-
Total Debt Issued	32.29B	70.56B	-	115B	-
Short Term Debt Repaid, Total	-38.42B	-123B	-	-	-
Long-Term Debt Repaid, Total	-12.36B	-	-	-5.42B	-56.58B
Total Debt Repaid	-50.78B	-123B	-	-5.42B	-56.58B
Repurchase of Common Stock	-90.62M	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Cash from Financing	-18.58B	-52.02B	-	110B	-56.58B
Foreign Exchange Rate Adjustments	-56.54K	-191K	492K	1M	977K
Net Change in Cash	871M	38.82B	919M	23.49B	-3.83B
Supplemental Items
Cash Interest Paid	6.83B	4.42B	-	-	5.92B
Cash Income Tax Paid (Refund)	-	5.19B	-	-	-
Levered Free Cash Flow	26.61B	-270B	6.43B	-290B	-8.34B
Unlevered Free Cash Flow	32.63B	-267B	6.43B	-288B	-5.09B
Change In Net Working Capital	-20.31B	268B	-6.11B	178B	151B
Net Debt Issued / Repaid	-18.49B	-52.02B	-	110B	-56.58B

Fiscal Period: December	2020 (VND)	2021 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Profitability
Return on Assets	-0.95	-1.04	0.05	0.76	14.8
Return on Total Capital	-1.29	-1.4	0.07	1.13	21.87
Return On Equity %	-4.34	1.54	0.16	1.13	38.4
Return on Common Equity	-4.35	1.59	0.16	1.13	38.4
Margin Analysis
Gross Profit Margin %	17.39	8.62	72.43	70.22	73.69
SG&A Margin	25.1	16.61	69.81	38.91	-231.45
EBITDA Margin %	5.9	2.58	3.78	39.48	314.34
EBITA Margin %	-6.24	-7.19	2.62	31.32	305.14
EBIT Margin %	-7.71	-8	2.62	31.32	305.14
Income From Continuing Operations Margin %	-13.65	5.09	3.86	17.49	292.27
Net Income Margin %	-13.65	5.26	3.86	17.49	292.27
Net Avail. For Common Margin %	-13.65	5.26	3.86	17.49	292.27
Normalized Net Income Margin	-8.04	-0.93	2.46	13.95	187.7
Levered Free Cash Flow Margin	13.99	-145.12	34.24	-1K	-11.38
Unlevered Free Cash Flow Margin	17.15	-143.69	34.24	-994.48	-6.95
Asset Turnover
Asset Turnover	0.2	0.21	0.03	0.04	0.08
Fixed Assets Turnover	0.35	0.48	0.06	0.1	0.28
Receivables Turnover (Average Receivables)	0.81	0.76	48.5	83.98	0.81
Inventory Turnover (Average Inventory)	9.04	-	-	-	-
Short Term Liquidity
Current Ratio	1	3.55	0.28	1.75	3.76
Quick Ratio	0.65	2.66	0.06	0.96	3.18
Operating Cash Flow to Current Liabilities	0	0.06	0	0.86	0.48
Days Sales Outstanding (Average Receivables)	454.14	478.16	7.53	4.36	449.33
Days Outstanding Inventory (Average Inventory)	40.49	-	-	-	-
Average Days Payable Outstanding	73.35	-	1.16K	473.62	18.96
Cash Conversion Cycle (Average Days)	421.28	-	-	-	-
Long Term Solvency
Total Debt/Equity	17.33	-	-	24.31	7.97
Total Debt / Total Capital	14.77	-	-	19.56	7.38
LT Debt/Equity	-	-	-	20.41	7.37
Long-Term Debt / Total Capital	-	-	-	16.42	6.82
Total Liabilities / Total Assets	40.6	20.15	33.41	45.1	37.71
EBIT / Interest Expense	-1.52	-3.49	-	2.77	43.04
EBITDA / Interest Expense	1.17	1.13	-	3.49	44.34
(EBITDA - Capex) / Interest Expense	0.71	-0.93	-	-32.44	44.15
Total Debt / EBITDA	9.03	-	-	9.59	0.23
Net Debt / EBITDA	8.32	-9.74	-17.07	4.73	0.09
Total Debt / (EBITDA - Capex)	14.9	-	-	-1.03	0.23
Net Debt / (EBITDA - Capex)	13.74	11.82	-24.33	-0.51	0.09
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-57.34	-2.35	9.02	54.16	153.28
Gross Profit, 1 Yr. Growth %	-15.55	-51.6	8.82	49.47	165.77
EBITDA, 1 Yr. Growth %	-71.05	-57.35	-100.35	1.51K	1.92K
EBITA, 1 Yr. Growth %	-182.6	-8.9	-100.24	1.74K	2.37K
EBIT, 1 Yr. Growth %	-216.37	1.25	-100.24	1.74K	2.37K
Earnings From Cont. Operations, 1 Yr. Growth %	-139.47	-136.41	-100.37	598.42	4.13K
Net Income, 1 Yr. Growth %	-139.46	-137.66	-100.37	598.42	4.13K
Normalized Net Income, 1 Yr. Growth %	-4.37K	-88.76	-100.37	773.27	4.25K
Diluted EPS Before Extra, 1 Yr. Growth %	-139.46	-137.65	-100.37	598.42	4.13K
Accounts Receivable, 1 Yr. Growth %	-3.01	9.38	101.89	-66.88	105K
Inventory, 1 Yr. Growth %	-6.17	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-2.5	-56.89	2.45	-17.98	0.14
Total Assets, 1 Yr. Growth %	3.47	-18.29	1.17	22.66	30.02
Tangible Book Value, 1 Yr. Growth %	-4.28	23.53	0.16	1.14	47.53
Common Equity, 1 Yr. Growth %	-4.27	10.09	0.16	1.14	47.53
Cash From Operations, 1 Yr. Growth %	-102.72	566.13	-98.47	4.53K	-37.42
Capital Expenditures, 1 Yr. Growth %	3.59K	97.54	-99.16	55.62K	-99.16
Levered Free Cash Flow, 1 Yr. Growth %	-111.32	-1.11K	-98.3	-4.61K	-97.12
Unlevered Free Cash Flow, 1 Yr. Growth %	-114.34	-917.91	-98.3	-4.58K	-98.23
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-30.87	-35.46	-68.21	29.64	97.6
Gross Profit, 2 Yr. CAGR %	-14.6	-36.07	-7.83	27.53	99.31
EBITDA, 2 Yr. CAGR %	-18.97	-64.84	-61.55	-76.18	1.7K
EBITA, 2 Yr. CAGR %	123.38	-3.58	-80.81	-78.8	2.03K
EBIT, 2 Yr. CAGR %	148.3	8.55	-81.8	-78.8	2.03K
Earnings From Cont. Operations, 2 Yr. CAGR %	-14.53	-62.09	-72.3	-83.99	1.62K
Net Income, 2 Yr. CAGR %	-14.27	-61.45	-72.77	-83.99	1.62K
Normalized Net Income, 2 Yr. CAGR %	59.9	120.14	-48.38	-81.92	1.63K
Diluted EPS Before Extra, 2 Yr. CAGR %	-14.27	-61.46	-72.77	-83.99	1.62K
Accounts Receivable, 2 Yr. CAGR %	191.47	3	-95.49	-18.23	1.77K
Inventory, 2 Yr. CAGR %	-8.28	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-15.16	-35.16	18.47	-8.33	-9.37
Total Assets, 2 Yr. CAGR %	2.12	-8.05	-8.8	11.4	26.29
Tangible Book Value, 2 Yr. CAGR %	4.82	8.74	-16.72	0.65	22.15
Common Equity, 2 Yr. CAGR %	3.59	2.66	-16.72	0.65	22.15
Cash From Operations, 2 Yr. CAGR %	55.54	-57.46	-66.19	-15.72	438.3
Capital Expenditures, 2 Yr. CAGR %	-42.32	753.69	-84.46	116.47	116.09
Levered Free Cash Flow, 2 Yr. CAGR %	-60.34	7.09	-84.56	-12.42	13.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	-57.08	8.28	-84.48	-12.73	-11
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-17.38	-22.44	-53.79	-46.19	62.07
Gross Profit, 3 Yr. CAGR %	-4.16	-29.33	-25.64	8.29	62.9
EBITDA, 3 Yr. CAGR %	-20.23	-34.56	-60.2	33.57	4.59
EBITA, 3 Yr. CAGR %	30.17	77.76	-67.75	-12.14	3.52
EBIT, 3 Yr. CAGR %	41.38	84.13	-67.75	-15.18	3.52
Earnings From Cont. Operations, 3 Yr. CAGR %	110.33	-35.69	-69.66	-18.78	2.73
Net Income, 3 Yr. CAGR %	106.68	-34.83	-69.66	-19.7	2.73
Normalized Net Income, 3 Yr. CAGR %	32.18	-33.8	-68.95	32.52	3.66
Diluted EPS Before Extra, 3 Yr. CAGR %	106.79	-34.84	-69.66	-19.69	2.73
Accounts Receivable, 3 Yr. CAGR %	78.04	110.24	-86.94	-91.23	789.21
Inventory, 3 Yr. CAGR %	-26.49	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.92	-32.3	-15.42	4.81	-5.59
Total Assets, 3 Yr. CAGR %	1.2	-5.19	-12.08	0.67	17.29
Tangible Book Value, 3 Yr. CAGR %	-1.65	10.71	-5.02	-11.15	14.33
Common Equity, 3 Yr. CAGR %	1.65	5.71	-8.6	-11.15	14.33
Cash From Operations, 3 Yr. CAGR %	-75.42	152.59	-8.68	74.28	-23.68
Capital Expenditures, 3 Yr. CAGR %	-15.7	-13.06	-63.73	137.87	-66.01
Levered Free Cash Flow, 3 Yr. CAGR %	-35.63	16.79	-37.72	2.45	-71.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	-32.68	14.64	-41.81	2.55	-76.21
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.57	-8.88	-45.71	-42.13	-17.36
Gross Profit, 5 Yr. CAGR %	11.69	-6.06	-21.41	-12.29	10.31
EBITDA, 5 Yr. CAGR %	42.52	-5.51	-47.1	-21.69	82.95
EBITA, 5 Yr. CAGR %	0.69	1.74	-27.03	-8.81	72.45
EBIT, 5 Yr. CAGR %	5.04	3.91	-27.03	-6.38	72.45
Earnings From Cont. Operations, 5 Yr. CAGR %	24.67	-16.57	-54.09	-40.12	52.52
Net Income, 5 Yr. CAGR %	24.56	-15.89	-54.04	-40.13	52.51
Normalized Net Income, 5 Yr. CAGR %	74.27	-32.7	-40.07	62.35	54.88
Diluted EPS Before Extra, 5 Yr. CAGR %	15.21	-20.02	-54.03	-40.12	52.52
Accounts Receivable, 5 Yr. CAGR %	69.46	48.36	-54.77	-76.51	-4.95
Inventory, 5 Yr. CAGR %	-13.63	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	15.9	-6.77	-15.31	-13.51	-13.05
Total Assets, 5 Yr. CAGR %	2.44	-1.56	-6.65	-2.91	1.62
Tangible Book Value, 5 Yr. CAGR %	-0.62	3.41	-1.2	-3.67	5.03
Common Equity, 5 Yr. CAGR %	1.4	3.06	-3.9	-5.86	2.64
Cash From Operations, 5 Yr. CAGR %	-27.43	31.31	13	-0.85	85.67
Capital Expenditures, 5 Yr. CAGR %	-29.63	-34.16	-56.33	296.58	-25.94
Levered Free Cash Flow, 5 Yr. CAGR %	-33.75	5.61	-48.01	4.28	-20.71
Unlevered Free Cash Flow, 5 Yr. CAGR %	-30.68	4.96	-48.48	4.81	-31.03