FPT (FPT) Q4 2023 earnings summary

Executive summary

• 12M2023 revenue rose 19.6% to VND52,618 billion and profit before tax rose 20.1% to VND9,203 billion, exceeding 101% of the revenue plan and 102% of the profit plan.

• Year-end total assets reached VND60.28tn, including VND8.28tn in cash and cash equivalents; PwC issued an unmodified audit opinion.

Financial highlights

• Revenue was VND52,618 billion, up 19.6% YoY; profit after tax was VND7,792 billion, up 20.0%.

• Profit attributable to parent-company shareholders was VND6,470 billion, up 21.8% YoY; operating profit was VND9.11tn and gross profit was VND20.32tn.

• Revenue was VND52.62tn versus VND44.01tn in 2022; profit before tax was VND9.20tn versus VND7.64tn.

• Financial income was VND2.34tn, including VND1.65tn in interest income; financial expenses were VND1.72tn, including VND832.6bn in interest expense.

Outlook and guidance

• Long-term target: USD5bn in revenue by 2030, building on the 2023 milestone of USD1bn in overseas IT services revenue.

• Forward-looking statements rely on current estimates and available information; risks and uncertainties could cause actual results to differ materially.