FT1

Listed Company · UPCOM

Price
41,000
Latest close
03 Apr 2026
P/E
EPS (TTM) 0
ROE (TTM) 43.4%
P/B
BVPS (Latest)
ROA (TTM) 18.0%

What Is Changing

FT1 no longer looks like a business simply rebounding from a weak base. Revenue posted +2.0% YoY, while net margin reached 6.65% with an additional -0.9pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.

  • Net Income growth slowed to -10.1% in 2025 from 16.6% in the prior period, at VND 62.4bn.
  • Net margin declined from 7.54% in the prior period to 6.65% in 2025.
Metric 2025 2024 2023 2022
Revenue 938.8 920.5 908.7 1,061.9
Growth +2% +1% -14%
Net Income 62.4 69.4 59.5 76.0
Net Margin 6.65% 7.54% 6.55% 7.16%

Financial Statements

Profitability

Net margin reached 6.65% while Revenue posted +2.0% YoY.

Balance Sheet

Inventory stood at 142.2bn, liabilities at 211.2bn, and equity at 140.3bn.

Cash Flow

Operating cash flow was 62.6bn in 2024, while investing cash flow was -38.6bn.

Financing cash flow: -26.2bn.

Item 2025 2024 2023 2022
Net Revenue
938.8 920.5 908.7 1,061.9
Cost of Goods Sold
776.9 760.1 755.3 888.9
Gross Profit
161.9 160.4 153.5 173.0
Financial Expenses
0.7 0.7 2.7 1.6
Selling Expenses
19.6 17.6 16.9 18.4
General and Administrative Expenses
68.7 56.6 60.2 59.5
Operating Profit
75.7 88.2 75.1 95.1
Profit Before Tax
78.5 87.9 75.0 95.2
Net Income
62.4 69.4 59.5 76.0
Profit Attributable to Parent
62.4 69.4 59.5 76.0
Earnings per Share
8,813.00 9,807.00 8,411.00 10,738.00

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