Thai Nguyen Iron & Steel Corp. Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'25

Dec'24

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Net Sales

1,19,91,590.65

1,06,01,238.01

95,30,645.67

1,16,99,406.21

1,28,57,295.12

95,69,414.79

1,04,33,298.69

Other Operating Income

0.00

Total Operating income

1,19,91,590.65

1,06,01,238.01

95,30,645.67

1,16,99,406.21

1,28,57,295.12

95,69,414.79

1,04,33,298.69

Raw Material Cost

1,16,35,269.49

1,02,69,253.29

93,67,286.26

1,13,08,162.31

1,20,81,782.56

91,11,627.52

99,32,833.47

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

4,12,538.77

4,18,329.00

4,07,038.71

5,00,866.74

6,07,514.70

5,27,158.17

5,23,140.21

Power Cost

0.00

Manufacturing Expenses

1,14,028.93

1,40,198.14

1,69,026.83

1,34,406.79

1,16,481.99

1,54,507.82

2,08,638.42

Selling and Distribution Expenses

2,20,583.77

2,04,733.94

1,77,866.93

2,29,565.39

4,59,452.78

2,57,447.41

2,25,307.99

Other Expenses

-52,656.77

-55,852.71

-57,606.55

-63,527.35

-72,399.67

-68,166.60

-73,177.86

Total Expenditure (Excl Depreciation)

1,18,55,853.26

1,04,73,987.23

95,45,153.19

1,15,37,727.69

1,25,41,235.34

93,69,074.93

1,01,58,141.46

Operating Profit (PBDIT) excl Other Income

135737.4

127250.8

-14507.5

161678.5

316059.8

200339.90000000002

275157.2

Other Income

40,294.07

85,204.48

37,587.66

17,946.05

-1,493.26

8,631.31

16,067.46

Operating Profit (PBDIT)

2,49,264.70

2,65,403.92

1,10,228.95

2,62,040.59

4,13,958.13

3,22,061.11

4,25,334.04

Interest

1,14,028.93

1,40,198.14

1,69,026.83

1,34,406.79

1,16,481.99

1,54,507.82

2,08,638.42

Exceptional Items

0.00

-502.21

-3,202.50

11,075.91

0.00

-480.06

Gross Profit (PBDT)

3,56,321.16

3,31,984.72

1,63,359.42

3,91,243.90

7,75,512.56

4,57,787.27

5,00,465.22

Depreciation

1,21,549.32

1,20,478.89

1,11,080.81

1,31,968.38

1,40,487.03

1,43,748.24

1,65,224.25

Profit Before Tax

13,686.44

4,224.68

-1,73,081.19

6,741.33

1,56,989.11

23,805.05

50,991.32

Tax

13,053.18

11,899.42

3,353.73

15,643.71

34,576.12

14,589.20

10,245.21

Provisions and contingencies

0.00

Profit After Tax

487.66

-8,384.47

-1,76,621.30

-9,074.23

1,21,849.59

7,390.08

39,813.19

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

487.66

-8,384.47

-1,76,621.30

-9,074.23

1,21,849.59

7,390.08

39,813.19

Share in Profit of Associates

0.00

Minority Interest

145.60

709.73

186.38

171.86

563.40

1,825.76

932.92

Other related items

0.00

Consolidated Net Profit

633.25

-7,674.74

-1,76,434.91

-8,902.38

1,22,412.99

9,215.84

40,746.11

Equity Capital

0.00

Face Value

10000.0

Reserves

14,73,809.83

15,58,617.36

16,87,407.87

19,34,273.96

20,29,176.59

18,78,388.39

18,95,123.17

Earnings per share (EPS)

0.0

-45.57

-959.96

-49.32

662.27

40.17

216.39

Diluted Earnings per share

0.0

-45.57

-959.96

-49.32

662.27

40.17

216.39

Operating Profit Margin (Excl OI)

0.73%

0.56%

-0.4%

0.96%

2.14%

1.77%

2.34%

Gross Profit Margin

1.13%

1.18%

-0.65%

1.19%

2.31%

1.75%

2.07%

PAT Margin

0.0%

-0.08%

-1.85%

-0.08%

0.95%

0.08%

0.38%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2025 is 13.12% vs 11.23% in Dec 2024

Consolidate Net Profit

YoY Growth in year ended Dec 2025 is 108.25% vs 95.65% in Dec 2024

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2025 is 15.97% vs 148.07% in Dec 2024

Interest

YoY Growth in year ended Dec 2025 is -18.67% vs -17.06% in Dec 2024

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2025 has improved from Dec 2024

Compare Annual Results Of Thai Nguyen Iron & Steel Corp. With

Select Peers

Figures in Million

Consolidate Annual Results

Change(VND)

Change(%)

Net Sales

1,19,91,590.65

1,48,08,145.02

-28,16,554.37

-19.02%

Other Operating Income

0.00

Total Operating income

1,19,91,590.65

1,48,08,145.02

-28,16,554.37

-19.02%

Raw Material Cost

1,16,35,269.49

1,40,29,028.08

-23,93,758.59

-17.06%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

4,12,538.77

3,06,618.38

1,05,920.39

34.54%

Power Cost

0.00

Manufacturing Expenses

1,14,028.93

2,19,641.64

-1,05,612.71

-48.08%

Selling and Distribution Expenses

2,20,583.77

5,48,767.31

-3,28,183.54

-59.80%

Other Expenses

-52,656.77

-52,626.00

-30.77

-0.06%

Total Expenditure (Excl Depreciation)

1,18,55,853.26

1,45,77,795.39

-27,21,942.13

-18.67%

Operating Profit (PBDIT) excl Other Income

1,35,737.39

230,349.63

-94,612.24

-41.07%

Other Income

40,294.07

2,30,135.21

-1,89,841.14

-82.49%

Operating Profit (PBDIT)

2,49,264.70

8,98,617.02

-6,49,352.32

-72.26%

Interest

1,14,028.93

2,19,641.64

-1,05,612.71

-48.08%

Exceptional Items

0.00

Gross Profit (PBDT)

3,56,321.16

7,79,116.93

-4,22,795.77

-54.27%

Depreciation

1,21,549.32

4,38,132.18

-3,16,582.86

-72.26%

Profit Before Tax

13,686.44

2,40,843.20

-2,27,156.76

-94.32%

Tax

13,053.18

43,746.85

-30,693.67

-70.16%

Provisions and contingencies

0.00

Profit After Tax

487.66

1,93,180.36

-1,92,692.70

-99.75%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

487.66

1,93,180.36

-1,92,692.70

-99.75%

Share in Profit of Associates

0.00

Minority Interest

145.60

-25.93

171.53

661.51%

Other related items

0.00

Consolidated Net Profit

633.25

1,93,154.42

-1,92,521.17

-99.67%

Equity Capital

0.00

Face Value

10,000.00

0.00

Reserves

14,73,809.83

76,20,419.28

-61,46,609.45

-80.66%

Earnings per share (EPS)

0.00

452.40

-452.40

-100.00%

Diluted Earnings per share

0.00

452.40

-452.40

-100.00%

Operating Profit Margin (Excl OI)

0.73%

1.56%

0.00

-0.83%

Gross Profit Margin

1.13%

4.59%

0.00

-3.46%

PAT Margin

0.00%

1.30%

0.00

-1.30%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 11,99,159.07 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is 13.12% vs 11.23% in Dec 2024

Annual - Consolidate Net Profit

Consolidate Net Profit 63.33 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is 108.25% vs 95.65% in Dec 2024

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 20,897.06 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is 15.97% vs 148.07% in Dec 2024

Annual - Interest

Interest 11,402.89 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is -18.67% vs -17.06% in Dec 2024

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 0.73%

in Dec 2025

Figures in %

YoY Growth in year ended Dec 2025 has improved from Dec 2024