Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
2,63,278.41
3,57,406.76
7,79,821.40
5,13,491.55
12,12,906.92
7,50,176.82
18,94,822.11
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
2,63,278.41
3,57,406.76
7,79,821.40
5,13,491.55
12,12,906.92
7,50,176.82
18,94,822.11
Raw Material Cost
2,16,734.62
3,44,708.24
7,68,245.44
4,81,961.06
11,47,002.06
6,58,041.45
16,99,611.63
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
83,709.78
77,532.06
72,046.85
60,059.92
67,511.47
50,017.74
93,751.93
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
2,790.99
3,975.32
5,261.95
6,300.58
8,273.95
10,264.14
11,465.43
Selling and Distribution Expenses
35,676.08
32,625.45
32,129.38
28,346.36
31,501.23
25,855.92
38,445.10
Other Expenses
-8,650.08
-8,150.74
-7,730.88
-6,636.05
-7,578.54
-6,028.19
-10,521.74
Total Expenditure (Excl Depreciation)
2,52,410.70
3,77,333.69
8,00,374.83
5,10,307.42
11,78,503.29
6,83,897.37
17,38,056.73
Operating Profit (PBDIT) excl Other Income
10867.7
-19926.9
-20553.4
3184.1000000000004
34403.6
66279.4
156765.40000000002
Other Income
39,092.87
73,220.69
1,03,017.09
85,789.46
1,27,456.65
42,282.55
80,231.53
Operating Profit (PBDIT)
1,00,693.21
1,01,222.71
1,32,477.70
1,33,334.39
1,99,174.20
1,47,316.47
2,72,353.12
Interest
2,790.99
3,975.32
5,261.95
6,300.58
8,273.95
10,264.14
11,465.43
Exceptional Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Gross Profit (PBDT)
46,543.79
12,698.52
11,575.96
31,530.49
65,904.86
92,135.37
1,95,210.48
Depreciation
53,702.59
54,430.81
54,319.48
48,747.42
41,572.55
40,361.37
37,000.59
Profit Before Tax
44,199.63
42,816.59
72,896.27
78,286.40
1,49,327.69
96,690.95
2,23,887.10
Tax
1,628.83
0.00
1,074.86
7,542.13
22,109.97
15,761.17
41,464.11
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
42,570.80
42,816.59
71,821.41
70,744.27
1,27,217.72
80,929.78
1,82,423.00
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
42,570.80
42,816.59
71,821.41
70,744.27
1,27,217.72
80,929.78
1,82,423.00
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
42,570.80
42,816.59
71,821.41
70,744.27
1,27,217.72
80,929.78
1,82,423.00
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
10000.0
10000.0
10000.0
10000.0
10000.0
10000.0
10000.0
Reserves
10,76,494.93
10,63,608.37
12,01,980.53
12,42,982.12
12,75,277.91
12,23,203.25
12,27,301.32
Earnings per share (EPS)
703.82
707.88
1187.41
1169.61
2103.27
1338.0
3015.97
Diluted Earnings per share
703.82
707.88
1187.41
1169.61
2103.27
1338.0
3015.97
Operating Profit Margin (Excl OI)
3.0%
-7.39%
-3.19%
-0.23%
2.49%
8.62%
8.19%
Gross Profit Margin
37.19%
27.21%
16.31%
24.74%
15.74%
18.27%
13.77%
PAT Margin
16.17%
11.98%
9.21%
13.78%
10.49%
10.79%
9.63%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is -26.34% vs -54.17% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is -0.57% vs -40.38% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is 119.99% vs -4.95% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is -29.79% vs -24.45% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has improved from Dec 2024
Compare Annual Results Of Ba Ria Thermal Power JSC With
Figures in Million
Consolidate Annual Results
Change(VND)
Change(%)
Net Sales
2,63,278.41
4,49,390.67
-1,86,112.26
-41.41%
Other Operating Income
0.00
0.00
0.00
Total Operating income
2,63,278.41
4,49,390.67
-1,86,112.26
-41.41%
Raw Material Cost
2,16,734.62
2,04,591.22
12,143.40
5.94%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
83,709.78
67,225.30
16,484.48
24.52%
Power Cost
0
0
0.00
Manufacturing Expenses
2,790.99
14,694.16
-11,903.17
-81.01%
Selling and Distribution Expenses
35,676.08
45,269.75
-9,593.67
-21.19%
Other Expenses
-8,650.08
-8,191.95
-458.13
-5.59%
Total Expenditure (Excl Depreciation)
2,52,410.70
2,49,860.97
2,549.73
1.02%
Operating Profit (PBDIT) excl Other Income
10,867.71
199,529.70
-1,88,661.99
-94.55%
Other Income
39,092.87
15,680.34
23,412.53
149.31%
Operating Profit (PBDIT)
1,00,693.21
2,51,684.38
-1,50,991.17
-59.99%
Interest
2,790.99
14,694.16
-11,903.17
-81.01%
Exceptional Items
0.00
-122.39
122.39
100.00%
Gross Profit (PBDT)
46,543.79
2,44,799.45
-1,98,255.66
-80.99%
Depreciation
53,702.59
36,826.71
16,875.88
45.83%
Profit Before Tax
44,199.63
2,00,040.35
-1,55,840.72
-77.90%
Tax
1,628.83
38,457.00
-36,828.17
-95.76%
Provisions and contingencies
0
0
0.00
Profit After Tax
42,570.80
1,60,624.72
-1,18,053.92
-73.50%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
42,570.80
1,60,624.72
-1,18,053.92
-73.50%
Share in Profit of Associates
0
0
0.00
Minority Interest
0.00
958.63
-958.63
-100.00%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
42,570.80
1,61,583.35
-1,19,012.55
-73.65%
Equity Capital
0
0
0.00
Face Value
10,000.00
10,000.00
0.00
Reserves
10,76,494.93
10,51,472.18
25,022.75
2.38%
Earnings per share (EPS)
703.82
0.00
703.82
Diluted Earnings per share
703.82
0.00
703.82
Operating Profit Margin (Excl OI)
3.00%
44.32%
0.00
-41.32%
Gross Profit Margin
37.19%
52.71%
0.00
-15.52%
PAT Margin
16.17%
35.74%
0.00
-19.57%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 26,327.84 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -26.34% vs -54.17% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 4,257.08 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -0.57% vs -40.38% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 6,160.03 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 119.99% vs -4.95% in Dec 2024
Annual - Interest
Interest 279.10 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -29.79% vs -24.45% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 3.00%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has improved from Dec 2024






