Income Statement Saigon Fishing Net

Stocks

SFN

VN000000SFN8

Textiles & Leather Goods

End-of-day quote HANOI S.E. Other stock markets 30/07/2026			5-day change	1st Jan Change
18,400.00 ^VND	+9.52%		+20.26%	-14.81%

18/07	Saigon Fishing Net Joint Stock Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
18/04	Saigon Fishing Net Joint Stock Company Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

556e176ca5f5dd12c.0EN3DaB4USyntB_0JB1zGfZFfe6Vit6PJFbvm5fwyMg.iXVFeuhJNmHrxnyeUi8hUqIJBITF6-68YDqawfiSh4qPHCNUyEASft_scA

Published financial data: SAIGON FISHING NET

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2014	2023	2024	2025
Revenues	18TCr	15TCr	14TCr	15TCr
Total Revenues	18TCr	15TCr	14TCr	15TCr
Cost of Goods Sold, Total	16TCr	13TCr	12TCr	13TCr
Gross Profit	2.19TCr	2.03TCr	1.98TCr	2.21TCr
Selling General & Admin Expenses, Total	876.25Cr	1TCr	1.04TCr	1.09TCr
Other Operating Expenses, Total	876.25Cr	1TCr	1.04TCr	1.09TCr
Operating Income	1.31TCr	1.02TCr	936.43Cr	1.12TCr
Interest Expense, Total	-217.19Cr	-	-	-128.91Cr
Interest And Investment Income	3.05Cr	152.99Cr	98Cr	149.25Cr
Net Interest Expenses	-214.14Cr	152.99Cr	98Cr	20Cr
Currency Exchange Gains (Loss)	3.53Cr	10.82L	12.15L	4L
Other Non Operating Income (Expenses)	26Cr	-	29Cr	258.66Cr
EBT, Excl. Unusual Items	1.12TCr	1.18TCr	1.06TCr	1.4TCr
EBT, Incl. Unusual Items	1.12TCr	1.18TCr	1.06TCr	1.4TCr
Income Tax Expense	247.11Cr	247.55Cr	218.84Cr	289.95Cr
Earnings From Continuing Operations	877.36Cr	928.26Cr	845.29Cr	1.11TCr
Net Income to Company	877.36Cr	928.26Cr	845.29Cr	1.11TCr
Net Income - (IS)	877.36Cr	928.26Cr	845.29Cr	1.11TCr
Preferred Dividend and Other Adjustments	-	226.32Cr	109.65Cr	116.7Cr
Net Income to Common Incl Extra Items	877.36Cr	701.94Cr	735.64Cr	995.28Cr
Net Income to Common Excl. Extra Items	877.36Cr	701.94Cr	735.64Cr	995.28Cr
Per Share Items
Net EPS - Basic	3.06T	2.45T	2.57T	3.47T
Basic EPS - Continuing Operations	3.06T	2.45T	2.57T	3.47T
Basic Weighted Average Shares Outstanding	28.64L	28.64L	28.64L	28.64L
Net EPS - Diluted	3.06T	2.45T	2.57T	3.47T
Diluted EPS - Continuing Operations	3.06T	2.45T	2.57T	3.47T
Diluted Weighted Average Shares Outstanding	28.64L	28.64L	28.64L	28.64L
Normalized Basic EPS	2.45T	2.57T	2.32T	3.06T
Normalized Diluted EPS	2.45T	2.57T	2.32T	3.06T
Dividend Per Share	-	1.4T	700	500
Payout Ratio	55.5	37.03	30.5	18.03
Supplemental Items
EBITDA	2.25TCr	1.27TCr	1.17TCr	1.43TCr
EBITA	1.31TCr	1.02TCr	936.43Cr	1.19TCr
EBIT	1.31TCr	1.02TCr	936.43Cr	1.12TCr
Total Revenues (As Reported)	18TCr	15TCr	14TCr	15TCr
Effective Tax Rate - (Ratio)	21.98	21.05	20.57	20.68
Total Current Taxes	247.11Cr	247.55Cr	218.84Cr	289.95Cr
Normalized Net Income	702.79Cr	734.88Cr	665.08Cr	876.2Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	230.89Cr	183.7Cr	215.62Cr	198.34Cr
General and Administrative Expenses	645.35Cr	818.96Cr	826.56Cr	888.99Cr
Maintenance & Repair Expenses, Total	-	-	-	154.31Cr

Fiscal Period: December	2014	2023	2024	2025
Assets
Cash And Equivalents	114.23Cr	3.52TCr	4.44TCr	4TCr
Short Term Investments	60Cr	-	-	970Cr
Total Cash And Short Term Investments	174.59Cr	3.52TCr	4.44TCr	4.97TCr
Accounts Receivable, Total	235.95Cr	611.28Cr	647.77Cr	494.61Cr
Other Receivables	37Cr	12Cr	22Cr	115.3Cr
Total Receivables	273.02Cr	623.68Cr	669.87Cr	609.91Cr
Inventory	2.95TCr	3.11TCr	2.45TCr	2.05TCr
Other Current Assets, Total	381.99Cr	84Cr	23Cr	729.39Cr
Total Current Assets	3.78TCr	7.33TCr	7.58TCr	8.36TCr
Gross Property Plant And Equipment	11TCr	13TCr	13TCr	14TCr
Accumulated Depreciation	-8.78TCr	-12TCr	-12TCr	-13TCr
Net Property Plant And Equipment	2.38TCr	726.98Cr	751.25Cr	1.28TCr
Long-term Investments	4Cr	4Cr	4Cr	4Cr
Other Intangibles, Total	-	0	0	3.47TCr
Other Long-Term Assets, Total	-	37Cr	-	-
Total Assets	6.16TCr	8.1TCr	8.34TCr	13TCr
Liabilities
Accounts Payable, Total	-	-	-	89Cr
Accrued Expenses, Total	323.48Cr	625.7Cr	518.61Cr	814.77Cr
Short-term Borrowings	980Cr	-	-	-
Current Income Taxes Payable	57Cr	11Cr	3.67Cr	30Cr
Other Current Liabilities	4.33Cr	24Cr	21Cr	35Cr
Total Current Liabilities	1.36TCr	661Cr	543.29Cr	969.21Cr
Long-Term Debt	-	-	-	3.7TCr
Total Liabilities	1.36TCr	661Cr	543.29Cr	4.67TCr
Common Stock, Total	3TCr	3TCr	3TCr	3TCr
Retained Earnings	1.71TCr	4.28TCr	4.63TCr	5.28TCr
Treasury Stock	-140.51Cr	-140.51Cr	-140.51Cr	-140.51Cr
Comprehensive Income and Other	223.97Cr	306.58Cr	306.58Cr	306.58Cr
Total Common Equity	4.8TCr	7.44TCr	7.8TCr	8.45TCr
Total Equity	4.8TCr	7.44TCr	7.8TCr	8.45TCr
Total Liabilities And Equity	6.16TCr	8.1TCr	8.34TCr	13TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	28.64L	28.64L	28.64L	28.64L
ECS Total Common Shares Outstanding	28.64L	28.64L	28.64L	28.64L
Book Value / Share	16.75T	25.98T	27.22T	29.5T
Tangible Book Value	4.8TCr	7.44TCr	7.8TCr	4.98TCr
Tangible Book Value Per Share	16.75T	25.98T	27.22T	17.38T
Total Debt	980Cr	0	0	3.7TCr
Net Debt	805.41Cr	-3.52TCr	-4.44TCr	-1.27TCr
Equity Method Investments, Total	-	4Cr	4Cr	4Cr
Account Code - Inventory Valuation	6	-	6	6
Inventories - Raw Materials, Total	1.04TCr	1.28TCr	1.12TCr	1.08TCr
Inventories - Work In Process, Total	1.04TCr	371.06Cr	478.09Cr	428.01Cr
Inventories - Finished Goods, Total	498.74Cr	1.46TCr	856.39Cr	542.09Cr
Inventories - Others	358.74Cr	2.47Cr	2.33Cr	-
Buildings, Total	633.85Cr	633.85Cr	633.85Cr	1.35TCr
Machinery, Total	11TCr	13TCr	12TCr	12TCr
Full Time Employees	-	-	270	265
Accumulated Allowance for Doubtful Accounts (Supple)	-	63Cr	94Cr	122.83Cr

Fiscal Period: December	2014	2023	2024	2025
Net Income	877.36Cr	928.26Cr	845.29Cr	1.11TCr
Depreciation & Amortization - CF	936.33Cr	246.25Cr	237.11Cr	246.18Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	63Cr
Depreciation & Amortization, Total	936.33Cr	246.25Cr	237.11Cr	309.1Cr
Other Operating Activities, Total	982.43Cr	-325.41Cr	257.49Cr	-198.2Cr
Cash from Operations	2.8TCr	849.1Cr	1.34TCr	1.22TCr
Capital Expenditure	-2.17TCr	-291.37Cr	-261.38Cr	-4.31TCr
Sale of Property, Plant, and Equipment	26Cr	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	0	0	-970Cr
Other Investing Activities, Total	2.15Cr	152.99Cr	98Cr	121.38Cr
Cash from Investing	-2.15TCr	-138.39Cr	-162.97Cr	-5.16TCr
Long-Term Debt Issued, Total	4.89TCr	-	-	3.7TCr
Total Debt Issued	4.89TCr	-	-	3.7TCr
Long-Term Debt Repaid, Total	-5.1TCr	-	-	-
Total Debt Repaid	-5.1TCr	-	-	-
Common Dividends Paid	-486.91Cr	-343.7Cr	-257.77Cr	-200.49Cr
Common & Preferred Stock Dividends Paid	-486.91Cr	-343.7Cr	-257.77Cr	-200.49Cr
Cash from Financing	-688.83Cr	-343.7Cr	-257.77Cr	3.5TCr
Foreign Exchange Rate Adjustments	-	-	12.15L	4L
Net Change in Cash	-39Cr	367.02Cr	919.26Cr	-440.16Cr
Supplemental Items
Cash Interest Paid	217.19Cr	-	-	128.91Cr
Cash Income Tax Paid (Refund)	234.6Cr	259.31Cr	226.41Cr	263.5Cr
Levered Free Cash Flow	-331.78Cr	676.42Cr	1.11TCr	-3.2TCr
Unlevered Free Cash Flow	-196.03Cr	676.42Cr	1.11TCr	-3.12TCr
Change In Net Working Capital	-223.62Cr	-82Cr	-551.22Cr	-181.95Cr
Net Debt Issued / Repaid	-201.93Cr	-	-	3.7TCr

Fiscal Period: December	2014	2023	2024	2025
Profitability
Return on Assets	12.38	8.15	7.12	6.54
Return on Total Capital	12.96	8.81	7.68	7.04
Return On Equity %	18.59	12.79	11.09	13.69
Return on Common Equity	18.59	9.67	9.66	12.25
Margin Analysis
Gross Profit Margin %	12.19	13.9	13.85	14.87
SG&A Margin	4.89	6.88	7.3	7.32
EBITDA Margin %	12.52	8.71	8.22	9.63
EBITA Margin %	7.3	7.02	6.56	7.98
EBIT Margin %	7.3	7.02	6.56	7.55
Income From Continuing Operations Margin %	4.89	6.37	5.92	7.48
Net Income Margin %	4.89	6.37	5.92	7.48
Net Avail. For Common Margin %	4.89	4.82	5.15	6.7
Normalized Net Income Margin	3.92	5.04	4.66	5.9
Levered Free Cash Flow Margin	-1.85	4.64	7.79	-21.54
Unlevered Free Cash Flow Margin	-1.09	4.64	7.79	-21
Asset Turnover
Asset Turnover	2.71	1.86	1.74	1.39
Fixed Assets Turnover	6.47	20.75	19.33	14.6
Receivables Turnover (Average Receivables)	69.47	21.37	22.69	26.02
Inventory Turnover (Average Inventory)	5.3	4.25	4.43	5.62
Short Term Liquidity
Current Ratio	2.77	11.1	13.96	8.62
Quick Ratio	0.33	6.27	9.4	5.76
Operating Cash Flow to Current Liabilities	2.05	1.28	2.47	1.26
Days Sales Outstanding (Average Receivables)	5.25	17.08	16.13	14.03
Days Outstanding Inventory (Average Inventory)	68.84	85.96	82.7	64.97
Long Term Solvency
Total Debt/Equity	20.43	-	-	43.79
Total Debt / Total Capital	16.97	-	-	30.45
LT Debt/Equity	-	-	-	43.79
Long-Term Debt / Total Capital	-	-	-	30.45
Total Liabilities / Total Assets	22.15	8.16	6.51	35.59
EBIT / Interest Expense	6.03	-	-	8.71
EBITDA / Interest Expense	10.34	-	-	11.11
(EBITDA - Capex) / Interest Expense	0.33	-	-	-22.36
Total Debt / EBITDA	0.44	-	-	2.58
Net Debt / EBITDA	0.36	-2.77	-3.78	-0.89
Total Debt / (EBITDA - Capex)	13.75	-	-	-1.28
Net Debt / (EBITDA - Capex)	11.3	-3.6	-4.87	0.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.42	-14	-1.93	4.05
Gross Profit, 1 Yr. Growth %	1.46	-12.82	-2.31	11.71
EBITDA, 1 Yr. Growth %	13.95	-	-7.52	22.02
EBITA, 1 Yr. Growth %	10.55	5.44	-8.44	26.63
EBIT, 1 Yr. Growth %	10.55	5.44	-8.44	19.91
Earnings From Cont. Operations, 1 Yr. Growth %	18.74	9.89	-8.94	31.55
Net Income, 1 Yr. Growth %	18.74	9.89	-8.94	31.55
Normalized Net Income, 1 Yr. Growth %	15.36	9.9	-9.5	31.74
Diluted EPS Before Extra, 1 Yr. Growth %	18.74	-10.33	4.8	67.66
Accounts Receivable, 1 Yr. Growth %	-15.84	-18.72	5.97	-23.64
Inventory, 1 Yr. Growth %	-1.65	11.04	-21.06	-16.39
Net Property, Plant and Equip., 1 Yr. Growth %	-24.77	7.34	3.34	71
Total Assets, 1 Yr. Growth %	-12.68	6.76	2.93	57.3
Tangible Book Value, 1 Yr. Growth %	3.35	5.26	4.77	-36.15
Common Equity, 1 Yr. Growth %	3.35	5.22	4.77	8.37
Cash From Operations, 1 Yr. Growth %	-10.02T	37.61	57.8	-8.73
Capital Expenditures, 1 Yr. Growth %	84.44	-43.69	-10.29	1.55T
Levered Free Cash Flow, 1 Yr. Growth %	425.19	392.23	64.43	-387.87
Unlevered Free Cash Flow, 1 Yr. Growth %	-333.28	392.23	64.43	-380.62
Dividend Per Share, 1 Yr. Growth %	-	0	-50	-28.57
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.67	2.17	-8.16	1.01
Gross Profit, 2 Yr. CAGR %	-0.63	-11.5	-7.72	4.46
EBITDA, 2 Yr. CAGR %	8.85	-	-	6.23
EBITA, 2 Yr. CAGR %	11.56	-14.02	-1.74	7.68
EBIT, 2 Yr. CAGR %	11.56	-14.02	-1.74	4.78
Earnings From Cont. Operations, 2 Yr. CAGR %	10.6	-28.4	0.04	9.45
Net Income, 2 Yr. CAGR %	10.6	-28.4	0.04	9.45
Normalized Net Income, 2 Yr. CAGR %	14.25	-25.28	-0.27	9.19
Diluted EPS Before Extra, 2 Yr. CAGR %	10.6	-	-3.06	19.08
Accounts Receivable, 2 Yr. CAGR %	25.15	1.27	-7.19	-10.05
Inventory, 2 Yr. CAGR %	-0.08	8.84	-6.38	-18.76
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.18	19.34	5.32	32.93
Total Assets, 2 Yr. CAGR %	-3.42	2.39	4.83	27.24
Tangible Book Value, 2 Yr. CAGR %	2.9	1.81	5.01	-18.21
Common Equity, 2 Yr. CAGR %	2.9	1.78	5	6.56
Cash From Operations, 2 Yr. CAGR %	24.45	-11.03	47.36	20.01
Capital Expenditures, 2 Yr. CAGR %	81.89	53.99	-28.92	284.78
Levered Free Cash Flow, 2 Yr. CAGR %	-47.63	593.21	184.49	117.56
Unlevered Free Cash Flow, 2 Yr. CAGR %	-61.69	593.21	184.49	114.81
Dividend Per Share, 2 Yr. CAGR %	-	-6.46	-29.29	-40.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.14	-1.72	0.78	-4.26
Gross Profit, 3 Yr. CAGR %	3.15	-9.53	-8.53	-1.65
EBITDA, 3 Yr. CAGR %	8.76	-	-	-
EBITA, 3 Yr. CAGR %	9.87	-11.41	-12.2	6.93
EBIT, 3 Yr. CAGR %	9.87	-11.41	-12.2	5
Earnings From Cont. Operations, 3 Yr. CAGR %	11.84	-13.3	-22.42	9.6
Net Income, 3 Yr. CAGR %	11.84	-13.3	-22.42	9.6
Normalized Net Income, 3 Yr. CAGR %	13.95	-12.91	-20.35	9.43
Diluted EPS Before Extra, 3 Yr. CAGR %	12.43	-	-	8.34
Accounts Receivable, 3 Yr. CAGR %	12.85	10	2.81	-13.04
Inventory, 3 Yr. CAGR %	-1.94	16.04	-2.21	-9.84
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.99	-2.04	13.75	23.79
Total Assets, 3 Yr. CAGR %	-4.65	6.98	2.57	20.01
Tangible Book Value, 3 Yr. CAGR %	2.29	6.74	2.79	-11.04
Common Equity, 3 Yr. CAGR %	2.29	6.7	2.77	6.11
Cash From Operations, 3 Yr. CAGR %	48.24	-9.72	7.69	25.61
Capital Expenditures, 3 Yr. CAGR %	64.4	99.73	28.61	102.77
Levered Free Cash Flow, 3 Yr. CAGR %	-22.97	3.61	329.11	185.61
Unlevered Free Cash Flow, 3 Yr. CAGR %	-31.63	3.61	329.11	183.2
Dividend Per Share, 3 Yr. CAGR %	-	-	-24.09	-29.05
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.17	-2.12	-1.07	-0.63
Gross Profit, 5 Yr. CAGR %	-1.5	3.94	0.54	-4.17
EBITDA, 5 Yr. CAGR %	1.54	-	-	-
EBITA, 5 Yr. CAGR %	-4.46	13.12	5.42	-4.22
EBIT, 5 Yr. CAGR %	-4.46	13.12	5.42	-5.26
Earnings From Cont. Operations, 5 Yr. CAGR %	-5.74	10.53	7.72	-4.83
Net Income, 5 Yr. CAGR %	-5.74	10.53	7.72	-4.83
Normalized Net Income, 5 Yr. CAGR %	-6.33	10.83	7.87	-4.67
Diluted EPS Before Extra, 5 Yr. CAGR %	-5.09	-	-	-
Accounts Receivable, 5 Yr. CAGR %	0.5	3.36	3.4	1.49
Inventory, 5 Yr. CAGR %	14.01	0.05	4.55	0.62
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.86	-8.48	-9.2	10.68
Total Assets, 5 Yr. CAGR %	1.38	7.26	7.79	14.67
Tangible Book Value, 5 Yr. CAGR %	0.63	7.16	8.21	-4.04
Common Equity, 5 Yr. CAGR %	0.63	7.16	8.21	6.64
Cash From Operations, 5 Yr. CAGR %	9.2	20.67	-8.33	1.17
Capital Expenditures, 5 Yr. CAGR %	10.59	5.25	-14.83	159.63
Levered Free Cash Flow, 5 Yr. CAGR %	28.1	-8.72	1.57	39.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.65	-8.65	1.57	38.69