Thac Ba Hydropower JSC Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Jun'24

Net Sales

1,32,029.91

1,74,079.90

1,55,049.34

1,01,668.20

1,36,342.88

1,92,731.51

98,767.86

Other Operating Income

0.00

Total Operating income

1,32,029.91

1,74,079.90

1,55,049.34

1,01,668.20

1,36,342.88

1,92,731.51

98,767.86

Raw Material Cost

59,609.70

70,319.06

54,035.64

40,881.25

59,629.13

68,551.03

59,524.36

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

18,217.24

14,287.08

4,150.26

10,266.04

20,291.59

33,556.15

3,282.79

Power Cost

0.00

Manufacturing Expenses

0.00

52.64

2,685.02

562.89

908.10

1,172.79

1,434.28

Selling and Distribution Expenses

21,858.56

14,467.25

12,599.14

13,220.34

20,884.74

5,029.55

8,731.27

Other Expenses

-1,821.72

-1,433.97

-683.53

-1,082.89

-2,119.97

-3,472.89

-471.71

Total Expenditure (Excl Depreciation)

81,468.27

84,786.31

66,634.78

54,101.59

80,513.87

73,580.58

68,255.63

Operating Profit (PBDIT) excl Other Income

50561.6

89293.6

88414.59999999999

47566.6

55829

119150.9

30512.199999999997

Other Income

9,438.53

6,084.24

9,576.05

-129.66

3,784.52

1,175.62

4,057.94

Operating Profit (PBDIT)

77,052.18

1,14,801.13

1,16,112.59

68,758.35

76,239.02

1,37,231.21

55,618.63

Interest

0.00

52.64

2,685.02

562.89

908.10

1,172.79

1,434.28

Exceptional Items

0.00

Gross Profit (PBDT)

72,420.20

1,03,760.84

1,01,013.70

60,786.95

76,713.75

1,24,180.48

39,243.50

Depreciation

17,052.02

19,423.31

18,121.98

21,321.39

16,625.49

16,904.65

21,048.46

Profit Before Tax

60,000.17

95,325.18

95,305.59

46,874.06

58,705.43

1,19,153.76

33,135.89

Tax

7,629.27

14,258.75

13,277.37

6,869.56

9,894.41

19,823.50

2,928.19

Provisions and contingencies

0.00

Profit After Tax

37,263.65

65,311.62

60,712.41

28,903.41

39,532.34

84,569.53

14,764.71

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

37,263.65

65,311.62

60,712.41

28,903.41

39,532.34

84,569.53

14,764.71

Share in Profit of Associates

0.00

Minority Interest

15,107.25

15,754.81

21,315.82

11,101.09

9,278.68

14,760.74

15,442.99

Other related items

0.00

Consolidated Net Profit

52,370.89

81,066.43

82,028.23

40,004.50

48,811.02

99,330.26

30,207.70

Equity Capital

0.00

Face Value

10000.0

Reserves

11,68,177.39

11,94,413.74

11,29,102.12

10,27,732.12

10,76,065.54

10,68,283.20

10,47,213.67

Earnings per share (EPS)

587.0

1028.53

956.1

455.17

622.56

1331.8

232.52

Diluted Earnings per share

587.0

1028.53

956.1

455.17

622.56

1331.8

232.52

Operating Profit Margin (Excl OI)

38.3%

51.29%

57.02%

46.79%

40.95%

61.82%

30.89%

Gross Profit Margin

58.36%

65.92%

73.16%

67.08%

55.25%

70.59%

54.86%

PAT Margin

28.22%

37.52%

39.16%

28.43%

28.99%

43.88%

14.95%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Dec 2025 is -24.16% vs 12.27% in Sep 2025

Consolidate Net Profit

QoQ Growth in quarter ended Dec 2025 is -35.40% vs -1.17% in Sep 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Dec 2025 is -37.81% vs 2.05% in Sep 2025

Interest

QoQ Growth in quarter ended Dec 2025 is -100.00% vs -98.04% in Sep 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Dec 2025 has fallen from Sep 2025

Compare Quarterly Results Of Thac Ba Hydropower JSC With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(VND)

Change(%)

Net Sales

1,32,029.91

1,88,177.28

-56,147.37

-29.84%

Other Operating Income

0.00

Total Operating income

1,32,029.91

1,88,177.28

-56,147.37

-29.84%

Raw Material Cost

59,609.70

98,226.62

-38,616.92

-39.31%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

18,217.24

0.00

18,217.24

Power Cost

0.00

Manufacturing Expenses

0.00

581.05

-581.05

-100.00%

Selling and Distribution Expenses

21,858.56

26,801.13

-4,942.57

-18.44%

Other Expenses

-1,821.72

-58.11

-1,763.61

-3,034.95%

Total Expenditure (Excl Depreciation)

81,468.27

1,25,027.76

-43,559.49

-34.84%

Operating Profit (PBDIT) excl Other Income

50,561.64

63,149.52

-12,587.88

-19.93%

Other Income

9,438.53

4,484.70

4,953.83

110.46%

Operating Profit (PBDIT)

77,052.18

67,634.22

9,417.96

13.92%

Interest

0.00

581.05

-581.05

-100.00%

Exceptional Items

0.00

Gross Profit (PBDT)

72,420.20

89,950.65

-17,530.45

-19.49%

Depreciation

17,052.02

0.00

17,052.02

Profit Before Tax

60,000.17

67,053.16

-7,052.99

-10.52%

Tax

7,629.27

14,534.96

-6,905.69

-47.51%

Provisions and contingencies

0.00

Profit After Tax

37,263.65

52,518.20

-15,254.55

-29.05%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

37,263.65

52,518.20

-15,254.55

-29.05%

Share in Profit of Associates

0.00

Minority Interest

15,107.25

0.00

15,107.25

Other related items

0.00

Consolidated Net Profit

52,370.89

52,518.20

-147.31

-0.28%

Equity Capital

0.00

Face Value

10,000.00

0.00

Reserves

11,68,177.39

16,29,940.13

-4,61,762.74

-28.33%

Earnings per share (EPS)

587.00

0.00

587.00

Diluted Earnings per share

587.00

0.00

587.00

Operating Profit Margin (Excl OI)

38.30%

33.56%

0.00

4.74%

Gross Profit Margin

58.36%

35.63%

0.00

22.73%

PAT Margin

28.22%

27.91%

0.00

0.31%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 13,202.99 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -24.16% vs 12.27% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -3.16% vs 24.59% in Dec 2024

Quarterly - Consolidate Net Profit

Consolidate Net Profit 5,237.09 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -35.40% vs -1.17% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 7.29% vs 28.51% in Dec 2024

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 6,761.37 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -37.81% vs 2.05% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -6.68% vs 28.75% in Dec 2024

Quarterly - Interest

No Interest in the last few periods

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 38.30%

in Dec 2025

Figures in %

QoQ Growth in quarter ended Dec 2025 has fallen from Sep 2025

YoY Growth in quarter ended Dec 2025 has fallen from Dec 2024