Income Statement Macstar Group Corporation

Stocks

MAC

VN000000MAC5

Marine Freight & Logistics

End-of-day quote HANOI S.E. 2026-09-30			5-day change	1st Jan Change
10,300.00 ^VND	-.--%		-5.50%	-11.48%

07-27	Macstar Group Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
04-21	Macstar Group Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: MACSTAR GROUP CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2024 (VND)	2025 (VND)
Revenues	124B	254B
Total Revenues	124B	254B
Cost of Goods Sold, Total	114B	227B
Gross Profit	10.54B	26.67B
Selling General & Admin Expenses, Total	16.97B	28.16B
Other Operating Expenses, Total	16.97B	28.16B
Operating Income	-6.43B	-1.49B
Interest Expense, Total	-400M	-9B
Interest And Investment Income	6.77B	4.01B
Net Interest Expenses	6.37B	-4.99B
Currency Exchange Gains (Loss)	36.98M	8.33M
Other Non Operating Income (Expenses)	-1.5B	8.26B
EBT, Excl. Unusual Items	-1.52B	1.79B
Gain (Loss) On Sale Of Investments	55.34B	76.37B
EBT, Incl. Unusual Items	53.82B	78.15B
Income Tax Expense	11.32B	12.32B
Earnings From Continuing Operations	42.49B	65.83B
Net Income to Company	42.49B	65.83B
Minority Interest	6.49B	-12.59B
Net Income - (IS)	48.99B	53.24B
Preferred Dividend and Other Adjustments	1.96B	2.13B
Net Income to Common Incl Extra Items	47.03B	51.11B
Net Income to Common Excl. Extra Items	47.03B	51.11B
Per Share Items
Net EPS - Basic	1.88K	2.04K
Basic EPS - Continuing Operations	1.88K	2.04K
Basic Weighted Average Shares Outstanding	24.98M	25.04M
Net EPS - Diluted	1.88K	2.04K
Diluted EPS - Continuing Operations	1.88K	2.04K
Diluted Weighted Average Shares Outstanding	24.98M	25.04M
Normalized Basic EPS	221.92	-458.05
Normalized Diluted EPS	221.92	-458.05
Supplemental Items
EBITDA	376M	12.86B
EBITA	-6.43B	-1.49B
EBIT	-6.43B	-1.49B
EBITDAR	586M	13B
Total Revenues (As Reported)	124B	254B
Effective Tax Rate - (Ratio)	21.04	15.77
Total Current Taxes	11.32B	12.32B
Normalized Net Income	5.54B	-11.47B
Supplemental Operating Expense Items
Selling and Marketing Expenses	125M	2B
General and Administrative Expenses	16.63B	26.03B
Net Rental Expense, Total	209M	138M
Imputed Operating Lease Interest Expense	59.31M	124M
Imputed Operating Lease Depreciation	150M	14.14M

Fiscal Period: December	2024 (VND)	2025 (VND)
Assets
Cash And Equivalents	41.2B	459B
Short Term Investments	87.94B	87M
Trading Asset Securities, Total	27.46B	305B
Total Cash And Short Term Investments	157B	764B
Accounts Receivable, Total	19.17B	47.41B
Other Receivables	2.24B	20.67B
Total Receivables	21.41B	68.08B
Inventory	3.85B	5.63B
Prepaid Expenses	308M	513M
Other Current Assets, Total	44.54B	47.45B
Total Current Assets	227B	886B
Gross Property Plant And Equipment	83.71B	192B
Accumulated Depreciation	-41.4B	-53.16B
Net Property Plant And Equipment	42.31B	139B
Long-term Investments	1.2B	122B
Other Intangibles, Total	634M	634M
Other Long-Term Assets, Total	39.41B	26.72B
Total Assets	310B	1,174B
Liabilities
Accounts Payable, Total	9.52B	38.99B
Accrued Expenses, Total	12.54B	12.68B
Short-term Borrowings	491M	104B
Current Portion of Long-Term Debt	800M	5.51B
Current Income Taxes Payable	8.79B	10.32B
Unearned Revenue Current, Total	154M	216M
Other Current Liabilities	1.37B	39.17B
Total Current Liabilities	33.65B	211B
Long-Term Debt	11.4B	37.99B
Total Liabilities	45.05B	249B
Common Stock, Total	151B	440B
Retained Earnings	85.1B	62.3B
Comprehensive Income and Other	-621M	-1.18B
Total Common Equity	236B	501B
Minority Interest	29.34B	424B
Total Equity	265B	925B
Total Liabilities And Equity	310B	1,174B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	24.98M	48.35M
ECS Total Common Shares Outstanding	-	48.35M
Book Value / Share	9.44K	10.35K
Tangible Book Value	235B	500B
Tangible Book Value Per Share	9.42K	10.34K
Total Debt	12.69B	148B
Net Debt	-144B	-617B
Debt Equivalent Oper. Leases	1.68B	1.1B
Minority Interest, Total (Incl. Fin. Div)	29.34B	424B
Equity Method Investments, Total	-	121B
Account Code - Inventory Valuation	-	6
Inventories - Raw Materials, Total	3.39B	4.09B
Inventories - Work In Process, Total	201M	1.12B
Inventories - Others	295M	461M
Buildings, Total	43.23B	43.23B
Machinery, Total	31.27B	140B
Full Time Employees	-	173
Accumulated Allowance for Doubtful Accounts (Supple)	624M	1.41B

Fiscal Period: December	2024 (VND)	2025 (VND)
Net Income	48.99B	53.24B
Depreciation & Amortization - CF	6.8B	14.35B
Depreciation & Amortization, Total	6.8B	14.35B
(Gain) Loss From Sale Of Asset	-518M	419M
Other Operating Activities, Total	-3.66B	10.82B
Change in Trading Asset Securities	58.57B	-279B
Change In Accounts Receivable	-42.64B	-36.95B
Change In Inventories	-306M	-1.78B
Change In Accounts Payable	11.13B	65.53B
Change in Other Net Operating Assets	215M	-1.41B
Cash from Operations	78.58B	-175B
Capital Expenditure	-21.19B	-111B
Sale of Property, Plant, and Equipment	251M	-
Investment in Marketable and Equity Securities, Total	-	-120B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-86.86B	87.9B
Other Investing Activities, Total	6.32B	8.29B
Cash from Investing	-101B	-135B
Long-Term Debt Issued, Total	46.72B	651B
Total Debt Issued	46.72B	651B
Long-Term Debt Repaid, Total	-43.96B	-518B
Total Debt Repaid	-43.96B	-518B
Issuance of Common Stock	35.5B	596B
Cash from Financing	38.26B	728B
Foreign Exchange Rate Adjustments	9.23M	-
Net Change in Cash	15.36B	418B
Supplemental Items
Cash Interest Paid	370M	6.19B
Cash Income Tax Paid (Refund)	2.57B	10.79B
Levered Free Cash Flow	-42.15B	-86.06B
Unlevered Free Cash Flow	-41.9B	-80.43B
Change In Net Working Capital	23.5B	-17.46B
Net Debt Issued / Repaid	2.76B	132B

Fiscal Period: December	2024 (VND)	2025 (VND)
Profitability
Return on Assets	-1.54	-0.13
Return on Total Capital	-1.69	-0.14
Return On Equity %	18.74	11.06
Return on Common Equity	22.27	13.88
Margin Analysis
Gross Profit Margin %	8.47	10.52
SG&A Margin	13.63	11.1
EBITDA Margin %	0.3	5.07
EBITA Margin %	-5.16	-0.59
EBIT Margin %	-5.16	-0.59
Income From Continuing Operations Margin %	34.13	25.96
Net Income Margin %	39.35	20.99
Net Avail. For Common Margin %	37.78	20.15
Normalized Net Income Margin	4.45	-4.52
Levered Free Cash Flow Margin	-33.86	-33.93
Unlevered Free Cash Flow Margin	-33.66	-31.71
Asset Turnover
Asset Turnover	0.48	0.34
Fixed Assets Turnover	3.53	2.79
Receivables Turnover (Average Receivables)	6.7	7.62
Inventory Turnover (Average Inventory)	30.86	47.89
Short Term Liquidity
Current Ratio	6.74	4.2
Quick Ratio	5.29	3.94
Operating Cash Flow to Current Liabilities	2.34	-0.83
Days Sales Outstanding (Average Receivables)	54.64	47.92
Days Outstanding Inventory (Average Inventory)	11.86	7.62
Average Days Payable Outstanding	24.01	38.7
Cash Conversion Cycle (Average Days)	42.49	16.83
Long Term Solvency
Total Debt/Equity	4.79	15.98
Total Debt / Total Capital	4.57	13.78
LT Debt/Equity	4.3	4.11
Long-Term Debt / Total Capital	4.1	3.54
Total Liabilities / Total Assets	14.52	21.22
EBIT / Interest Expense	-16.07	-0.17
EBITDA / Interest Expense	0.94	1.43
(EBITDA - Capex) / Interest Expense	-52.05	-10.94
Total Debt / EBITDA	33.72	11.49
Net Debt / EBITDA	-382.34	-47.95
Total Debt / (EBITDA - Capex)	-0.61	-1.5
Net Debt / (EBITDA - Capex)	6.91	6.26
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	63.28	103.73
Gross Profit, 1 Yr. Growth %	-39	153.05
EBITDA, 1 Yr. Growth %	-96.65	3.32K
EBITA, 1 Yr. Growth %	-186.09	-76.82
EBIT, 1 Yr. Growth %	-186.09	-76.82
Earnings From Cont. Operations, 1 Yr. Growth %	1.05	54.92
Net Income, 1 Yr. Growth %	15.79	8.69
Normalized Net Income, 1 Yr. Growth %	-81.56	-306.93
Diluted EPS Before Extra, 1 Yr. Growth %	11.17	8.41
Accounts Receivable, 1 Yr. Growth %	6.54	147.28
Inventory, 1 Yr. Growth %	8.84	46.25
Net Property, Plant and Equip., 1 Yr. Growth %	50.41	229.17
Total Assets, 1 Yr. Growth %	47.86	278.44
Tangible Book Value, 1 Yr. Growth %	26.56	112.57
Common Equity, 1 Yr. Growth %	26.47	112.27
Cash From Operations, 1 Yr. Growth %	-281.44	-322.78
Capital Expenditures, 1 Yr. Growth %	65.21	425.24
Levered Free Cash Flow, 1 Yr. Growth %	-	104.16
Unlevered Free Cash Flow, 1 Yr. Growth %	-	91.96
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	82.39
Gross Profit, 2 Yr. CAGR %	-	24.24
EBITDA, 2 Yr. CAGR %	-	6.92
EBITA, 2 Yr. CAGR %	-	-55.32
EBIT, 2 Yr. CAGR %	-	-55.32
Earnings From Cont. Operations, 2 Yr. CAGR %	-	25.12
Net Income, 2 Yr. CAGR %	-	12.18
Normalized Net Income, 2 Yr. CAGR %	-	-38.24
Diluted EPS Before Extra, 2 Yr. CAGR %	-	9.78
Accounts Receivable, 2 Yr. CAGR %	-	62.31
Inventory, 2 Yr. CAGR %	-	26.17
Net Property, Plant and Equip., 2 Yr. CAGR %	-	122.51
Total Assets, 2 Yr. CAGR %	-	136.55
Tangible Book Value, 2 Yr. CAGR %	-	64.02
Common Equity, 2 Yr. CAGR %	-	63.85
Cash From Operations, 2 Yr. CAGR %	-	101.05
Capital Expenditures, 2 Yr. CAGR %	-	194.58
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-4.55	-
Gross Profit, 5 Yr. CAGR %	-16.48	-
EBITDA, 5 Yr. CAGR %	-52.11	-
EBITA, 5 Yr. CAGR %	-7.71	-
EBIT, 5 Yr. CAGR %	-7.71	-
Earnings From Cont. Operations, 5 Yr. CAGR %	28.78	-
Net Income, 5 Yr. CAGR %	32.5	-
Normalized Net Income, 5 Yr. CAGR %	-9.69	-
Diluted EPS Before Extra, 5 Yr. CAGR %	31.43	-
Accounts Receivable, 5 Yr. CAGR %	-18.82	-
Inventory, 5 Yr. CAGR %	-37.62	-
Net Property, Plant and Equip., 5 Yr. CAGR %	3.11	-
Total Assets, 5 Yr. CAGR %	3.86	-
Tangible Book Value, 5 Yr. CAGR %	4.28	-
Common Equity, 5 Yr. CAGR %	4.27	-
Cash From Operations, 5 Yr. CAGR %	30.45	-
Capital Expenditures, 5 Yr. CAGR %	130.67	-
Levered Free Cash Flow, 5 Yr. CAGR %	15.49	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.03	-