Income Statement Visicons Construction and Investment

Stocks

VC6

VN000000VC62

Construction & Engineering

End-of-day quote HANOI S.E. 2026-09-24			5-day change	1st Jan Change
18,900.00 ^VND	+5.00%		+5.00%	+8.68%

08-06	Visicons Construction and Investment Joint Stock Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
04-23	Visicons Construction and Investment Joint Stock Company announces Annual dividend, payable on June 26, 2026	CI

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Published financial data: VISICONS CONSTRUCTION AND INVESTMENT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Revenues	1,283B	1,647B	2,208B
Total Revenues	1,283B	1,647B	2,208B
Cost of Goods Sold, Total	1,222B	1,549B	2,086B
Gross Profit	61.25B	97.75B	122B
Selling General & Admin Expenses, Total	38.12B	56.79B	89.58B
Depreciation & Amortization - (IS)	-	-	1.18B
Other Operating Expenses	-	-	-16.45B
Other Operating Expenses, Total	38.12B	56.79B	74.31B
Operating Income	23.13B	40.96B	47.63B
Interest Expense, Total	-17.28B	-13.04B	-12.25B
Interest And Investment Income	12.21B	1.71B	6.27B
Net Interest Expenses	-5.07B	-11.33B	-5.98B
Other Non Operating Income (Expenses)	1.88B	1.22B	1.35B
EBT, Excl. Unusual Items	19.94B	30.85B	43.01B
Gain (Loss) On Sale Of Investments	-200M	-677M	-
EBT, Incl. Unusual Items	19.74B	30.17B	43.01B
Income Tax Expense	3.96B	6.05B	8.6B
Earnings From Continuing Operations	15.78B	24.12B	34.4B
Net Income to Company	15.78B	24.12B	34.4B
Minority Interest	-1.01M	490K	-8.28M
Net Income - (IS)	15.78B	24.12B	34.4B
Preferred Dividend and Other Adjustments	60M	-	-
Net Income to Common Incl Extra Items	15.72B	24.12B	34.4B
Net Income to Common Excl. Extra Items	15.72B	24.12B	34.4B
Per Share Items
Net EPS - Basic	1.26K	1.93K	2.76K
Basic EPS - Continuing Operations	1.26K	1.93K	2.76K
Basic Weighted Average Shares Outstanding	12.47M	12.47M	12.47M
Net EPS - Diluted	1.26K	1.93K	2.76K
Diluted EPS - Continuing Operations	1.26K	1.93K	2.76K
Diluted Weighted Average Shares Outstanding	12.47M	12.47M	12.47M
Normalized Basic EPS	999.53	1.55K	2.16K
Normalized Diluted EPS	999.53	1.55K	2.16K
Dividend Per Share	352.91	776.4	-
Payout Ratio	55.28	18.4	28.16
Supplemental Items
EBITDA	25.36B	43.27B	50.3B
EBITA	23.13B	40.96B	47.63B
EBIT	23.13B	40.96B	47.63B
Total Revenues (As Reported)	1,283B	1,647B	2,208B
Effective Tax Rate - (Ratio)	20.04	20.05	20
Total Current Taxes	3.96B	6.05B	8.6B
Normalized Net Income	12.46B	19.28B	26.87B
Supplemental Operating Expense Items
General and Administrative Expenses	38.12B	56.79B	39.1B

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Assets
Cash And Equivalents	136B	137B	173B
Short Term Investments	15.09B	20.09B	115B
Total Cash And Short Term Investments	151B	157B	288B
Accounts Receivable, Total	250B	179B	166B
Other Receivables	32.06B	18.37B	3.88B
Total Receivables	282B	197B	170B
Inventory	200B	418B	487B
Prepaid Expenses	150M	212M	371M
Other Current Assets, Total	171B	139B	152B
Total Current Assets	804B	911B	1,098B
Gross Property Plant And Equipment	65.27B	67.83B	70.17B
Accumulated Depreciation	-26.65B	-28.75B	-27.12B
Net Property Plant And Equipment	38.61B	39.09B	43.05B
Long-term Investments	677M	0	0
Other Intangibles, Total	0	0	0
Other Long-Term Assets, Total	27.79B	54.02B	39.12B
Total Assets	871B	1,004B	1,180B
Liabilities
Accounts Payable, Total	375B	430B	345B
Accrued Expenses, Total	4.19B	5.17B	18.38B
Short-term Borrowings	228B	141B	200B
Current Portion of Long-Term Debt	2.5B	2.5B	1.41B
Current Income Taxes Payable	3.96B	4.92B	8.53B
Other Current Liabilities	113B	259B	421B
Total Current Liabilities	726B	842B	995B
Long-Term Debt	3.91B	1.41B	-
Total Liabilities	730B	843B	995B
Common Stock, Total	88B	96.8B	108B
Additional Paid In Capital	14.61B	14.61B	14.61B
Retained Earnings	27.76B	38.62B	51.66B
Total Common Equity	130B	150B	175B
Minority Interest	10.5B	10.5B	10.51B
Total Equity	141B	161B	185B
Total Liabilities And Equity	871B	1,004B	1,180B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.47M	12.47M	12.47M
ECS Total Common Shares Outstanding	-	12.47M	12.47M
Book Value / Share	10.46K	12.03K	14.01K
Tangible Book Value	130B	150B	175B
Tangible Book Value Per Share	10.46K	12.03K	14.01K
Total Debt	234B	145B	202B
Net Debt	83.01B	-12.17B	-86.32B
Minority Interest, Total (Incl. Fin. Div)	10.5B	10.5B	10.51B
Account Code - Inventory Valuation	-	8	8
Inventories - Work In Process, Total	200B	423B	493B
Buildings, Total	39.4B	39.4B	39.4B
Machinery, Total	25.87B	28.43B	28.88B
Accumulated Allowance for Doubtful Accounts (Supple)	9.92B	34.69B	37.96B

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Net Income	15.78B	24.12B	34.4B
Depreciation & Amortization - CF	2.23B	2.31B	2.67B
Depreciation & Amortization, Total	2.23B	2.31B	2.67B
(Gain) Loss From Sale Of Asset	-566M	-1.63B	-2.52B
Other Operating Activities, Total	10.52B	47.56B	28.61B
Change In Accounts Receivable	10.03B	72.17B	7.19B
Change In Inventories	-65.2B	-223B	-69.64B
Change In Accounts Payable	162B	185B	82.18B
Change in Other Net Operating Assets	-8.01B	-6.21B	5.19B
Cash from Operations	127B	101B	88.07B
Capital Expenditure	-1.34B	-2.65B	-6.9B
Sale of Property, Plant, and Equipment	191M	-	555M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-9.09B	-5B	-95B
Other Investing Activities, Total	11B	1.63B	2.11B
Cash from Investing	759M	-6.02B	-99.23B
Long-Term Debt Issued, Total	506B	371B	527B
Total Debt Issued	506B	371B	527B
Long-Term Debt Repaid, Total	-520B	-460B	-470B
Total Debt Repaid	-520B	-460B	-470B
Common Dividends Paid	-8.72B	-4.44B	-9.69B
Common & Preferred Stock Dividends Paid	-8.72B	-4.44B	-9.69B
Cash from Financing	-22.31B	-93.49B	47.16B
Net Change in Cash	105B	1.13B	36.01B
Supplemental Items
Cash Interest Paid	17.38B	13.1B	12.26B
Cash Income Tax Paid (Refund)	2.48B	5.12B	5.04B
Levered Free Cash Flow	143B	119B	56.45B
Unlevered Free Cash Flow	154B	127B	64.11B
Change In Net Working Capital	-139B	-102B	-38.56B
Net Debt Issued / Repaid	-13.58B	-89.05B	56.85B

Fiscal Period: December	2023 (VND)	2024 (VND)	2025 (VND)
Profitability
Return on Assets	1.82	2.73	2.73
Return on Total Capital	3.82	7.53	8.6
Return On Equity %	11.49	16	19.9
Return on Common Equity	12.39	17.2	21.19
Margin Analysis
Gross Profit Margin %	4.77	5.93	5.52
SG&A Margin	2.97	3.45	4.06
EBITDA Margin %	1.98	2.63	2.28
EBITA Margin %	1.8	2.49	2.16
EBIT Margin %	1.8	2.49	2.16
Income From Continuing Operations Margin %	1.23	1.46	1.56
Net Income Margin %	1.23	1.46	1.56
Net Avail. For Common Margin %	1.23	1.46	1.56
Normalized Net Income Margin	0.97	1.17	1.22
Levered Free Cash Flow Margin	11.16	7.2	2.56
Unlevered Free Cash Flow Margin	12	7.7	2.9
Asset Turnover
Asset Turnover	1.62	1.76	2.02
Fixed Assets Turnover	32.91	42.4	53.75
Receivables Turnover (Average Receivables)	4.09	7.69	12.79
Inventory Turnover (Average Inventory)	7.3	5.02	4.61
Short Term Liquidity
Current Ratio	1.11	1.08	1.1
Quick Ratio	0.6	0.42	0.46
Operating Cash Flow to Current Liabilities	0.17	0.12	0.09
Days Sales Outstanding (Average Receivables)	89.16	47.6	28.54
Days Outstanding Inventory (Average Inventory)	49.99	72.94	79.17
Average Days Payable Outstanding	89.67	83.32	65.56
Cash Conversion Cycle (Average Days)	49.48	37.22	42.15
Long Term Solvency
Total Debt/Equity	166.06	90.25	108.93
Total Debt / Total Capital	62.42	47.44	52.14
LT Debt/Equity	2.78	0.88	-
Long-Term Debt / Total Capital	1.04	0.46	-
Total Liabilities / Total Assets	83.83	84.01	84.3
EBIT / Interest Expense	1.34	3.14	3.89
EBITDA / Interest Expense	1.47	3.32	4.11
(EBITDA - Capex) / Interest Expense	1.39	3.11	3.54
Total Debt / EBITDA	9.22	3.35	4.01
Net Debt / EBITDA	3.27	-0.28	-1.72
Total Debt / (EBITDA - Capex)	9.74	3.57	4.65
Net Debt / (EBITDA - Capex)	3.46	-0.3	-1.99
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	63.16	28.35	34.03
Gross Profit, 1 Yr. Growth %	41.47	59.59	24.75
EBITDA, 1 Yr. Growth %	18.42	70.61	16.25
EBITA, 1 Yr. Growth %	26.03	77.11	16.28
EBIT, 1 Yr. Growth %	26.03	77.11	16.28
Earnings From Cont. Operations, 1 Yr. Growth %	77.09	52.81	42.64
Net Income, 1 Yr. Growth %	77.09	52.82	42.61
Normalized Net Income, 1 Yr. Growth %	67.4	54.71	39.38
Diluted EPS Before Extra, 1 Yr. Growth %	76.35	53.43	42.98
Accounts Receivable, 1 Yr. Growth %	-33.84	-28.38	-6.92
Inventory, 1 Yr. Growth %	48.38	108.81	16.69
Net Property, Plant and Equip., 1 Yr. Growth %	-1.97	1.23	10.15
Total Assets, 1 Yr. Growth %	21.99	15.25	17.52
Tangible Book Value, 1 Yr. Growth %	5.61	15.08	16.43
Common Equity, 1 Yr. Growth %	5.61	15.08	16.43
Cash From Operations, 1 Yr. Growth %	-710.58	-20.67	-12.48
Capital Expenditures, 1 Yr. Growth %	450.14	97.52	160.32
Levered Free Cash Flow, 1 Yr. Growth %	-	-17.12	-52.42
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-17.64	-49.45
Dividend Per Share, 1 Yr. Growth %	-	120	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	44.71	31.16
Gross Profit, 2 Yr. CAGR %	-	50.26	41.1
EBITDA, 2 Yr. CAGR %	-	42.14	40.83
EBITA, 2 Yr. CAGR %	-	49.4	43.51
EBIT, 2 Yr. CAGR %	-	49.4	43.51
Earnings From Cont. Operations, 2 Yr. CAGR %	-	64.5	47.64
Net Income, 2 Yr. CAGR %	-	64.51	47.63
Normalized Net Income, 2 Yr. CAGR %	-	60.93	46.84
Diluted EPS Before Extra, 2 Yr. CAGR %	-	64.49	47.92
Accounts Receivable, 2 Yr. CAGR %	-	-31.16	-18.35
Inventory, 2 Yr. CAGR %	-	76.02	56.09
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-0.38	5.6
Total Assets, 2 Yr. CAGR %	-	18.57	16.38
Tangible Book Value, 2 Yr. CAGR %	-	10.24	15.75
Common Equity, 2 Yr. CAGR %	-	10.24	15.75
Cash From Operations, 2 Yr. CAGR %	-	120.09	-16.68
Capital Expenditures, 2 Yr. CAGR %	-	229.64	126.75
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-37.21
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-35.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	41.06
Gross Profit, 3 Yr. CAGR %	-	-	41.22
EBITDA, 3 Yr. CAGR %	-	-	32.93
EBITA, 3 Yr. CAGR %	-	-	37.43
EBIT, 3 Yr. CAGR %	-	-	37.43
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	56.87
Net Income, 3 Yr. CAGR %	-	-	56.86
Normalized Net Income, 3 Yr. CAGR %	-	-	53.4
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	56.85
Accounts Receivable, 3 Yr. CAGR %	-	-	-23.88
Inventory, 3 Yr. CAGR %	-	-	53.48
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	3.01
Total Assets, 3 Yr. CAGR %	-	-	18.22
Tangible Book Value, 3 Yr. CAGR %	-	-	12.27
Common Equity, 3 Yr. CAGR %	-	-	12.27
Cash From Operations, 3 Yr. CAGR %	-	-	61.84
Capital Expenditures, 3 Yr. CAGR %	-	-	204.69