Cash flow Saigon Fishing Net

Stocks

SFN

VN000000SFN8

Textiles & Leather Goods

End-of-day quote HANOI S.E. 2026-09-09			5-day change	1st Jan Change
18,300.00 ^VND	+9.58%		-1.08%	-15.28%

07-17	Saigon Fishing Net Joint Stock Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
04-17	Saigon Fishing Net Joint Stock Company Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: SAIGON FISHING NET

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2014 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Revenues	179B	146B	143B	149B
Total Revenues	179B	146B	143B	149B
Cost of Goods Sold, Total	157B	125B	123B	127B
Gross Profit	21.85B	20.25B	19.79B	22.1B
Selling General & Admin Expenses, Total	8.76B	10.03B	10.42B	10.87B
Other Operating Expenses, Total	8.76B	10.03B	10.42B	10.87B
Operating Income	13.09B	10.23B	9.36B	11.23B
Interest Expense, Total	-2.17B	-	-	-1.29B
Interest And Investment Income	30.52M	1.53B	984M	1.49B
Net Interest Expenses	-2.14B	1.53B	984M	203M
Currency Exchange Gains (Loss)	35.28M	1.08M	1.21M	444K
Other Non Operating Income (Expenses)	259M	-	292M	2.59B
EBT, Excl. Unusual Items	11.24B	11.76B	10.64B	14.02B
EBT, Incl. Unusual Items	11.24B	11.76B	10.64B	14.02B
Income Tax Expense	2.47B	2.48B	2.19B	2.9B
Earnings From Continuing Operations	8.77B	9.28B	8.45B	11.12B
Net Income to Company	8.77B	9.28B	8.45B	11.12B
Net Income - (IS)	8.77B	9.28B	8.45B	11.12B
Preferred Dividend and Other Adjustments	-	2.26B	1.1B	1.17B
Net Income to Common Incl Extra Items	8.77B	7.02B	7.36B	9.95B
Net Income to Common Excl. Extra Items	8.77B	7.02B	7.36B	9.95B
Per Share Items
Net EPS - Basic	3.06K	2.45K	2.57K	3.47K
Basic EPS - Continuing Operations	3.06K	2.45K	2.57K	3.47K
Basic Weighted Average Shares Outstanding	2.86M	2.86M	2.86M	2.86M
Net EPS - Diluted	3.06K	2.45K	2.57K	3.47K
Diluted EPS - Continuing Operations	3.06K	2.45K	2.57K	3.47K
Diluted Weighted Average Shares Outstanding	2.86M	2.86M	2.86M	2.86M
Normalized Basic EPS	2.45K	2.57K	2.32K	3.06K
Normalized Diluted EPS	2.45K	2.57K	2.32K	3.06K
Dividend Per Share	-	1.4K	700	500
Payout Ratio	55.5	37.03	30.5	18.03
Supplemental Items
EBITDA	22.46B	12.69B	11.74B	14.32B
EBITA	13.09B	10.23B	9.36B	11.86B
EBIT	13.09B	10.23B	9.36B	11.23B
Total Revenues (As Reported)	179B	146B	143B	149B
Effective Tax Rate - (Ratio)	21.98	21.05	20.57	20.68
Total Current Taxes	2.47B	2.48B	2.19B	2.9B
Normalized Net Income	7.03B	7.35B	6.65B	8.76B
Supplemental Operating Expense Items
Selling and Marketing Expenses	2.31B	1.84B	2.16B	1.98B
General and Administrative Expenses	6.45B	8.19B	8.27B	8.89B
Maintenance & Repair Expenses, Total	-	-	-	1.54B

Fiscal Period: December	2014 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Assets
Cash And Equivalents	1.14B	35.19B	44.38B	39.98B
Short Term Investments	604M	-	-	9.7B
Total Cash And Short Term Investments	1.75B	35.19B	44.38B	49.68B
Accounts Receivable, Total	2.36B	6.11B	6.48B	4.95B
Other Receivables	371M	124M	221M	1.15B
Total Receivables	2.73B	6.24B	6.7B	6.1B
Inventory	29.46B	31.08B	24.53B	20.51B
Other Current Assets, Total	3.82B	839M	234M	7.29B
Total Current Assets	37.75B	73.34B	75.85B	83.59B
Gross Property Plant And Equipment	112B	132B	131B	139B
Accumulated Depreciation	-87.8B	-124B	-123B	-126B
Net Property Plant And Equipment	23.82B	7.27B	7.51B	12.85B
Long-term Investments	40M	40M	40M	40M
Other Intangibles, Total	-	0	0	34.71B
Other Long-Term Assets, Total	-	372M	-	-
Total Assets	61.61B	81.03B	83.4B	131B
Liabilities
Accounts Payable, Total	-	-	-	894M
Accrued Expenses, Total	3.23B	6.26B	5.19B	8.15B
Short-term Borrowings	9.8B	-	-	-
Current Income Taxes Payable	572M	112M	36.67M	301M
Other Current Liabilities	43.33M	241M	210M	349M
Total Current Liabilities	13.65B	6.61B	5.43B	9.69B
Long-Term Debt	-	-	-	37B
Total Liabilities	13.65B	6.61B	5.43B	46.69B
Common Stock, Total	30B	30B	30B	30B
Retained Earnings	17.13B	42.76B	46.31B	52.83B
Treasury Stock	-1.41B	-1.41B	-1.41B	-1.41B
Comprehensive Income and Other	2.24B	3.07B	3.07B	3.07B
Total Common Equity	47.96B	74.42B	77.97B	84.49B
Total Equity	47.96B	74.42B	77.97B	84.49B
Total Liabilities And Equity	61.61B	81.03B	83.4B	131B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.86M	2.86M	2.86M	2.86M
ECS Total Common Shares Outstanding	2.86M	2.86M	2.86M	2.86M
Book Value / Share	16.75K	25.98K	27.22K	29.5K
Tangible Book Value	47.96B	74.42B	77.97B	49.78B
Tangible Book Value Per Share	16.75K	25.98K	27.22K	17.38K
Total Debt	9.8B	0	0	37B
Net Debt	8.05B	-35.19B	-44.38B	-12.68B
Equity Method Investments, Total	-	40M	40M	40M
Account Code - Inventory Valuation	6	-	6	6
Inventories - Raw Materials, Total	10.44B	12.77B	11.16B	10.81B
Inventories - Work In Process, Total	10.44B	3.71B	4.78B	4.28B
Inventories - Finished Goods, Total	4.99B	14.57B	8.56B	5.42B
Inventories - Others	3.59B	24.72M	23.26M	-
Buildings, Total	6.34B	6.34B	6.34B	13.54B
Machinery, Total	105B	125B	124B	125B
Full Time Employees	-	-	270	265
Accumulated Allowance for Doubtful Accounts (Supple)	-	629M	938M	1.23B

Fiscal Period: December	2014 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Net Income	8.77B	9.28B	8.45B	11.12B
Depreciation & Amortization - CF	9.36B	2.46B	2.37B	2.46B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	629M
Depreciation & Amortization, Total	9.36B	2.46B	2.37B	3.09B
Other Operating Activities, Total	9.82B	-3.25B	2.57B	-1.98B
Cash from Operations	27.96B	8.49B	13.4B	12.23B
Capital Expenditure	-21.74B	-2.91B	-2.61B	-43.14B
Sale of Property, Plant, and Equipment	259M	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	0	0	-9.7B
Other Investing Activities, Total	21.46M	1.53B	984M	1.21B
Cash from Investing	-21.46B	-1.38B	-1.63B	-51.63B
Long-Term Debt Issued, Total	48.93B	-	-	37B
Total Debt Issued	48.93B	-	-	37B
Long-Term Debt Repaid, Total	-50.95B	-	-	-
Total Debt Repaid	-50.95B	-	-	-
Common Dividends Paid	-4.87B	-3.44B	-2.58B	-2B
Common & Preferred Stock Dividends Paid	-4.87B	-3.44B	-2.58B	-2B
Cash from Financing	-6.89B	-3.44B	-2.58B	35B
Foreign Exchange Rate Adjustments	-	-	1.21M	444K
Net Change in Cash	-389M	3.67B	9.19B	-4.4B
Supplemental Items
Cash Interest Paid	2.17B	-	-	1.29B
Cash Income Tax Paid (Refund)	2.35B	2.59B	2.26B	2.63B
Levered Free Cash Flow	-3.32B	6.76B	11.12B	-32.02B
Unlevered Free Cash Flow	-1.96B	6.76B	11.12B	-31.21B
Change In Net Working Capital	-2.24B	-823M	-5.51B	-1.82B
Net Debt Issued / Repaid	-2.02B	-	-	37B

Fiscal Period: December	2014 (VND)	2023 (VND)	2024 (VND)	2025 (VND)
Profitability
Return on Assets	12.38	8.15	7.12	6.54
Return on Total Capital	12.96	8.81	7.68	7.04
Return On Equity %	18.59	12.79	11.09	13.69
Return on Common Equity	18.59	9.67	9.66	12.25
Margin Analysis
Gross Profit Margin %	12.19	13.9	13.85	14.87
SG&A Margin	4.89	6.88	7.3	7.32
EBITDA Margin %	12.52	8.71	8.22	9.63
EBITA Margin %	7.3	7.02	6.56	7.98
EBIT Margin %	7.3	7.02	6.56	7.55
Income From Continuing Operations Margin %	4.89	6.37	5.92	7.48
Net Income Margin %	4.89	6.37	5.92	7.48
Net Avail. For Common Margin %	4.89	4.82	5.15	6.7
Normalized Net Income Margin	3.92	5.04	4.66	5.9
Levered Free Cash Flow Margin	-1.85	4.64	7.79	-21.54
Unlevered Free Cash Flow Margin	-1.09	4.64	7.79	-21
Asset Turnover
Asset Turnover	2.71	1.86	1.74	1.39
Fixed Assets Turnover	6.47	20.75	19.33	14.6
Receivables Turnover (Average Receivables)	69.47	21.37	22.69	26.02
Inventory Turnover (Average Inventory)	5.3	4.25	4.43	5.62
Short Term Liquidity
Current Ratio	2.77	11.1	13.96	8.62
Quick Ratio	0.33	6.27	9.4	5.76
Operating Cash Flow to Current Liabilities	2.05	1.28	2.47	1.26
Days Sales Outstanding (Average Receivables)	5.25	17.08	16.13	14.03
Days Outstanding Inventory (Average Inventory)	68.84	85.96	82.7	64.97
Long Term Solvency
Total Debt/Equity	20.43	-	-	43.79
Total Debt / Total Capital	16.97	-	-	30.45
LT Debt/Equity	-	-	-	43.79
Long-Term Debt / Total Capital	-	-	-	30.45
Total Liabilities / Total Assets	22.15	8.16	6.51	35.59
EBIT / Interest Expense	6.03	-	-	8.71
EBITDA / Interest Expense	10.34	-	-	11.11
(EBITDA - Capex) / Interest Expense	0.33	-	-	-22.36
Total Debt / EBITDA	0.44	-	-	2.58
Net Debt / EBITDA	0.36	-2.77	-3.78	-0.89
Total Debt / (EBITDA - Capex)	13.75	-	-	-1.28
Net Debt / (EBITDA - Capex)	11.3	-3.6	-4.87	0.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.42	-14	-1.93	4.05
Gross Profit, 1 Yr. Growth %	1.46	-12.82	-2.31	11.71
EBITDA, 1 Yr. Growth %	13.95	-	-7.52	22.02
EBITA, 1 Yr. Growth %	10.55	5.44	-8.44	26.63
EBIT, 1 Yr. Growth %	10.55	5.44	-8.44	19.91
Earnings From Cont. Operations, 1 Yr. Growth %	18.74	9.89	-8.94	31.55
Net Income, 1 Yr. Growth %	18.74	9.89	-8.94	31.55
Normalized Net Income, 1 Yr. Growth %	15.36	9.9	-9.5	31.74
Diluted EPS Before Extra, 1 Yr. Growth %	18.74	-10.33	4.8	67.66
Accounts Receivable, 1 Yr. Growth %	-15.84	-18.72	5.97	-23.64
Inventory, 1 Yr. Growth %	-1.65	11.04	-21.06	-16.39
Net Property, Plant and Equip., 1 Yr. Growth %	-24.77	7.34	3.34	71
Total Assets, 1 Yr. Growth %	-12.68	6.76	2.93	57.3
Tangible Book Value, 1 Yr. Growth %	3.35	5.26	4.77	-36.15
Common Equity, 1 Yr. Growth %	3.35	5.22	4.77	8.37
Cash From Operations, 1 Yr. Growth %	-10.02K	37.61	57.8	-8.73
Capital Expenditures, 1 Yr. Growth %	84.44	-43.69	-10.29	1.55K
Levered Free Cash Flow, 1 Yr. Growth %	425.19	392.23	64.43	-387.87
Unlevered Free Cash Flow, 1 Yr. Growth %	-333.28	392.23	64.43	-380.62
Dividend Per Share, 1 Yr. Growth %	-	0	-50	-28.57
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.67	2.17	-8.16	1.01
Gross Profit, 2 Yr. CAGR %	-0.63	-11.5	-7.72	4.46
EBITDA, 2 Yr. CAGR %	8.85	-	-	6.23
EBITA, 2 Yr. CAGR %	11.56	-14.02	-1.74	7.68
EBIT, 2 Yr. CAGR %	11.56	-14.02	-1.74	4.78
Earnings From Cont. Operations, 2 Yr. CAGR %	10.6	-28.4	0.04	9.45
Net Income, 2 Yr. CAGR %	10.6	-28.4	0.04	9.45
Normalized Net Income, 2 Yr. CAGR %	14.25	-25.28	-0.27	9.19
Diluted EPS Before Extra, 2 Yr. CAGR %	10.6	-	-3.06	19.08
Accounts Receivable, 2 Yr. CAGR %	25.15	1.27	-7.19	-10.05
Inventory, 2 Yr. CAGR %	-0.08	8.84	-6.38	-18.76
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.18	19.34	5.32	32.93
Total Assets, 2 Yr. CAGR %	-3.42	2.39	4.83	27.24
Tangible Book Value, 2 Yr. CAGR %	2.9	1.81	5.01	-18.21
Common Equity, 2 Yr. CAGR %	2.9	1.78	5	6.56
Cash From Operations, 2 Yr. CAGR %	24.45	-11.03	47.36	20.01
Capital Expenditures, 2 Yr. CAGR %	81.89	53.99	-28.92	284.78
Levered Free Cash Flow, 2 Yr. CAGR %	-47.63	593.21	184.49	117.56
Unlevered Free Cash Flow, 2 Yr. CAGR %	-61.69	593.21	184.49	114.81
Dividend Per Share, 2 Yr. CAGR %	-	-6.46	-29.29	-40.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.14	-1.72	0.78	-4.26
Gross Profit, 3 Yr. CAGR %	3.15	-9.53	-8.53	-1.65
EBITDA, 3 Yr. CAGR %	8.76	-	-	-
EBITA, 3 Yr. CAGR %	9.87	-11.41	-12.2	6.93
EBIT, 3 Yr. CAGR %	9.87	-11.41	-12.2	5
Earnings From Cont. Operations, 3 Yr. CAGR %	11.84	-13.3	-22.42	9.6
Net Income, 3 Yr. CAGR %	11.84	-13.3	-22.42	9.6
Normalized Net Income, 3 Yr. CAGR %	13.95	-12.91	-20.35	9.43
Diluted EPS Before Extra, 3 Yr. CAGR %	12.43	-	-	8.34
Accounts Receivable, 3 Yr. CAGR %	12.85	10	2.81	-13.04
Inventory, 3 Yr. CAGR %	-1.94	16.04	-2.21	-9.84
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.99	-2.04	13.75	23.79
Total Assets, 3 Yr. CAGR %	-4.65	6.98	2.57	20.01
Tangible Book Value, 3 Yr. CAGR %	2.29	6.74	2.79	-11.04
Common Equity, 3 Yr. CAGR %	2.29	6.7	2.77	6.11
Cash From Operations, 3 Yr. CAGR %	48.24	-9.72	7.69	25.61
Capital Expenditures, 3 Yr. CAGR %	64.4	99.73	28.61	102.77
Levered Free Cash Flow, 3 Yr. CAGR %	-22.97	3.61	329.11	185.61
Unlevered Free Cash Flow, 3 Yr. CAGR %	-31.63	3.61	329.11	183.2
Dividend Per Share, 3 Yr. CAGR %	-	-	-24.09	-29.05
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.17	-2.12	-1.07	-0.63
Gross Profit, 5 Yr. CAGR %	-1.5	3.94	0.54	-4.17
EBITDA, 5 Yr. CAGR %	1.54	-	-	-
EBITA, 5 Yr. CAGR %	-4.46	13.12	5.42	-4.22
EBIT, 5 Yr. CAGR %	-4.46	13.12	5.42	-5.26
Earnings From Cont. Operations, 5 Yr. CAGR %	-5.74	10.53	7.72	-4.83
Net Income, 5 Yr. CAGR %	-5.74	10.53	7.72	-4.83
Normalized Net Income, 5 Yr. CAGR %	-6.33	10.83	7.87	-4.67
Diluted EPS Before Extra, 5 Yr. CAGR %	-5.09	-	-	-
Accounts Receivable, 5 Yr. CAGR %	0.5	3.36	3.4	1.49
Inventory, 5 Yr. CAGR %	14.01	0.05	4.55	0.62
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.86	-8.48	-9.2	10.68
Total Assets, 5 Yr. CAGR %	1.38	7.26	7.79	14.67
Tangible Book Value, 5 Yr. CAGR %	0.63	7.16	8.21	-4.04
Common Equity, 5 Yr. CAGR %	0.63	7.16	8.21	6.64
Cash From Operations, 5 Yr. CAGR %	9.2	20.67	-8.33	1.17
Capital Expenditures, 5 Yr. CAGR %	10.59	5.25	-14.83	159.63
Levered Free Cash Flow, 5 Yr. CAGR %	28.1	-8.72	1.57	39.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.65	-8.65	1.57	38.69