FHN

Listed Company · UPCOM

Price
Latest close
P/E
EPS (TTM) 0
ROE (TTM) 2.7%
P/B
BVPS (Latest)
ROA (TTM) 1.6%

What Is Changing

FHN has not yet shown a broad-based top-line recovery. Revenue posted -35.7% YoY, but net margin reached 0.39% with an additional +0.2pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.

  • Net Income reached a multi-period high at VND 2.8bn in 2025.
  • Revenue decreased 35.7% YoY to VND 714.5bn in 2025.
Metric 2025 2024 2023 2022
Revenue 714.5 1,111.2 999.9 750.9
Growth -36% +11% +33%
Net Income 2.8 2.2 2.0 1.6
Net Margin 0.39% 0.20% 0.20% 0.21%

Financial Statements

Profitability

Net margin reached 0.39% while Revenue posted -35.7% YoY.

Balance Sheet

Inventory stood at 19.1bn, liabilities at 53.2bn, and equity at 103.4bn.

Cash Flow

Operating cash flow was -18.8bn in 2024, while investing cash flow was -1.6bn.

Financing cash flow: 3.0bn.

Item 2025 2024 2023 2022
Net Revenue
714.5 1,111.2 999.9 750.9
Cost of Goods Sold
659.1 1,061.2 948.4 703.7
Gross Profit
55.4 50.0 51.5 47.2
Financial Expenses
0.5 1.1 2.2 3.1
Selling Expenses
29.2 27.7 27.1 28.6
General and Administrative Expenses
22.1 17.6 19.7 16.5
Operating Profit
4.1 3.8 3.5 0.1
Profit Before Tax
3.5 3.2 3.3 1.6
Net Income
2.8 2.2 2.0 1.6
Profit Attributable to Parent
2.8 2.2 2.0 1.6
Earnings per Share
928.00 740.00 678.00 536.00

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