The financial statements of ACL

Income statement, balance sheet and cash flow, by quarter and by year. Unit: VND billion, unless a line states otherwise.

Item	2025	2024	2023	2022	2021
Revenue	2,122.3	1,758.2	1,117.8	1,174.0	1,208.2
Revenue Deductions	10.9	9.4	1.1	7.1	0.0
Net Revenue	2,111.3	1,748.7	1,116.7	1,167.0	1,197.9
Cost of Goods Sold	1,845.4	1,559.4	950.9	891.7	0.0
Gross Profit	265.9	189.3	165.8	275.3	154.2
Financial Income	18.5	19.1	8.4	11.1	6.7
Financial Expenses	37.9	33.4	46.5	37.3	-35.9
Interest Expense	36.0	30.1	44.9	33.7	-33.5
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	143.5	115.4	67.0	68.5	-48.0
General and Administrative Expenses	63.8	45.8	43.0	43.9	-29.3
Operating Profit	39.2	13.7	17.7	136.7	47.6
Other Income	0.0	0.0	1.0	0.1	0.0
Other Expenses	0.6	0.3	4.9	2.1	0.0
Other Profit	-0.6	-0.3	-3.9	-2.0	-0.4
Profit Before Tax	38.7	13.4	13.7	134.7	47.2
Current Income Tax Expense	3.9	1.8	4.3	16.4	-4.8
Deferred Income Tax Expense	0.5	0.8	-0.4	0.4	0.0
Net Income	34.3	10.8	9.9	117.9	42.4
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	34.3	10.8	9.9	117.9	42.4
Earnings per Share VND per share	683.00	215.00	196.00	2,351.00	1,340.00
Diluted EPS VND per share	683.00	215.00	196.00	2,351.00	845.38

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,289.5	1,403.6	1,482.1	1,208.2	1,158.0
I. Cash and cash equivalents	63.6	66.1	71.1	38.1	102.2
1. Cash	63.6	66.1	71.1	38.1	0.0
2. Cash equivalents	—	0.0	0.0	0.0	0.0
II. Short-term financial investments	20.0	0.0	0.0	0.0	0.0
1. Available for sale securities	—	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0	0.0
3. Held to maturity investments	20.0	0.0	0.0	0.0	0.0
III. Short-term receivables	252.7	277.6	221.0	165.7	136.8
1. Short-term trade accounts receivable	255.3	282.1	227.9	169.3	0.0
2. Short-term prepayments to suppliers	24.2	13.7	6.5	10.1	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other short-term receivables	7.3	5.9	5.3	4.7	0.0
7. Provision for short-term doubtful debts (*)	-34.1	-24.1	-18.6	-18.4	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	840.0	953.3	1,093.1	922.5	852.7
1. Inventories	840.0	953.3	1,093.1	922.5	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	113.2	106.6	96.9	82.0	66.3
1. Short-term prepayments	1.0	0.3	0.4	1.1	0.0
2. Value added tax to be reclaimed	112.3	106.3	96.5	80.9	0.0
3. Taxes and other receivables from state authorities	—	0.0	0.0	0.0	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	—	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	266.9	260.4	267.1	273.1	300.0
I. Long-term receivables	—	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other long-term receivables	—	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	227.2	235.3	250.5	257.6	285.0
1. Tangible fixed assets	185.6	191.7	204.9	210.1	235.5
- Cost	726.7	702.9	686.0	658.5	0.0
- Accumulated depreciation	-541.1	-511.3	-481.0	-448.4	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	41.6	43.6	45.6	47.5	49.5
- Cost	72.6	72.6	72.6	72.6	0.0
- Accumulated depreciation	-31.0	-29.0	-27.0	-25.0	0.0
III. Investment properties	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	13.4	10.3	6.1	6.1	6.1
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	13.4	10.3	6.1	6.1	0.0
V. Long-term financial investments	—	1.0	1.0	1.0	1.0
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	0.0	0.0
3. Investments in other entities	3.6	3.6	3.6	3.6	0.0
4. Provision for diminution in value of long-term investments	-3.6	-3.6	-3.6	-3.6	0.0
5. Held to maturity investments	—	1.0	1.0	1.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	26.3	13.8	9.5	8.4	0.0
1. Long-term prepayments	25.9	12.9	7.8	7.2	0.0
2. Deferred income tax assets	0.4	0.9	1.7	1.3	0.0
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0	0.0
4. Other long-term assets	—	0.0	0.0	0.0	7.9
5. Goodwill	—	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,556.3	1,664.0	1,749.2	1,481.4	1,457.9
A. LIABILITIES (300=210+330)	712.1	854.1	950.0	657.0	727.9
I. Short -term liabilities	712.1	854.1	950.0	657.0	727.9
1. Short-term trade accounts payable	91.1	69.5	93.8	83.3	73.4
2. Short-term advances from customers	27.5	27.6	17.8	20.3	28.1
3. Taxes and other payables to state authorities	4.3	1.8	4.6	16.7	0.0
4. Payable to employees	17.4	9.7	16.7	13.5	0.0
5. Short-term acrrued expenses	4.6	4.6	10.1	6.0	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	—	0.0	0.0	0.0	0.0
9. Other short-term payables	5.1	4.1	4.0	3.3	0.0
10. Short-term borrowings and financial leases	562.1	736.8	803.0	513.8	596.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.0	0.0	0.0	0.0	0.0
13. Price stabilization fund	—	0.0	0.0	0.0	0.0
14. Government bonds	—	0.0	0.0	0.0	0.0
II. Long-term liabilities	—	0.0	0.0	0.0	0.0
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	0.0	0.0	0.0	0.0
7. Other long-term liabilities	—	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	—	0.0	0.0	0.0	0.0
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts) VND per share	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0	0.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	844.2	809.9	799.1	824.4	730.1
I. Owner's equity	844.2	809.9	799.1	824.4	0.0
1. Owner's capital	501.6	501.6	501.6	501.6	730.1
- Common stock with voting right VND per share	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	15.5	15.5	15.5	15.5	15.5
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
5. Treasury shares VND per share	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	14.9	14.9	14.9	14.9	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	312.2	277.9	267.2	292.4	198.1
- Accumulated retained earning at the end of the previous period	277.9	267.2	257.3	174.5	155.6
- Undistributed earnings in this period	34.3	10.8	9.9	117.9	42.5
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	—	0.0	0.0	0.0	0.0
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	—	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,556.3	1,664.0	1,749.2	1,481.4	1,457.9

Item	2025	2024	2023	2022	2021
Profit Before Tax	38.7	13.4	13.7	134.7	47.3
Depreciation of Fixed Assets and Investment Property	31.8	32.2	34.6	38.0	42.6
Provision (Increase)/Reversal	10.0	5.5	0.2	6.4	0.0
FX Gain/Loss from Revaluation of Monetary Items	-1.4	-2.5	-0.8	1.7	0.0
Gain/Loss from Investment Activities	-0.7	-0.1	-0.3	-0.2	0.0
Interest Expense	36.0	30.1	44.9	33.7	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	114.4	78.5	92.3	214.3	122.8
Increase/(Decrease) in Receivables	11.0	54.5	30.5	13.2	0.0
Increase/(Decrease) in Inventory	113.3	139.8	-170.5	-69.9	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	29.7	-146.1	-82.0	-67.1	0.0
Increase/(Decrease) in Prepaid Expenses	-13.6	-5.0	0.0	-1.9	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-35.1	-35.0	-46.7	-30.3	0.0
Corporate Income Tax Paid	-1.8	-4.3	-16.5	-6.3	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	217.9	82.4	-192.9	51.9	361.8
Payments for Fixed Assets and Other Long-term Assets	-26.8	-21.2	-27.5	-10.6	-2.6
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	-20.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	1.0	0.0	0.0	0.0	0.0
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	0.1	0.1	0.3	0.2	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-45.8	-21.1	-27.2	-10.5	-2.6
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	0.00	0.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	1,771.9	1,849.4	1,702.5	1,157.9	1,595.6
Repayment of Borrowings	-1,946.6	-1,915.6	-1,414.2	-1,240.1	-1,884.1
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	-35.1	-23.2	-6.9
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-174.7	-66.2	253.2	-105.3	-295.5
Net Cash Flow During the Period	-2.6	-5.0	33.1	-64.0	50.9
Cash and Cash Equivalents at Beginning of Period	66.1	71.1	38.1	102.2	38.8
FX Difference from Revaluation	0.0	0.0	-0.1	-0.1	-0.4
Cash and Cash Equivalents at End of Period	63.6	66.1	71.1	38.1	102.2

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	535.2	433.4	575.4	543.8	584.0	419.1	456.3	418.6	562.2	321.1	414.3	339.2
Revenue Deductions	20.9	5.4	6.0	1.6	2.5	0.9	0.9	3.3	0.2	5.0	0.4	0.6
Net Revenue	514.2	428.0	569.4	542.2	581.5	418.2	455.5	415.2	562.0	316.1	413.9	338.6
Cost of Goods Sold	430.3	369.6	486.4	472.4	520.4	366.2	402.9	365.2	514.4	276.8	360.0	293.2
Gross Profit	83.9	58.4	83.0	69.8	61.1	52.0	52.5	50.0	47.5	39.3	54.0	45.3
Financial Income	3.8	2.3	6.7	3.1	5.2	2.9	7.7	1.0	7.1	3.0	3.3	2.9
Financial Expenses	15.5	8.7	14.0	7.1	9.0	7.8	9.4	8.4	7.9	7.7	12.0	11.0
Interest Expense	15.1	6.5	13.5	6.9	8.8	6.8	8.6	6.3	7.8	7.5	11.4	11.0
Share of Associates and Joint Ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	33.0	36.8	47.9	33.3	33.3	28.9	37.3	28.8	28.3	21.0	25.9	18.9
General and Administrative Expenses	20.1	11.0	11.1	16.7	16.8	15.2	10.6	9.9	14.4	10.9	17.4	9.5
Operating Profit	19.1	4.2	16.8	15.8	7.1	3.1	2.9	3.9	4.0	2.6	2.0	8.9
Other Income	0.3	0.0	0.0	—	0.0	—	0.0	0.0	0.0	0.0	0.1	0.0
Other Expenses	0.0	0.3	0.1	0.0	0.1	0.2	0.2	0.1	0.0	0.0	0.3	3.5
Other Profit	0.3	-0.3	-0.1	-0.0	-0.1	-0.2	-0.2	-0.1	-0.0	-0.0	-0.2	-3.5
Profit Before Tax	19.4	3.9	16.7	15.8	7.1	2.9	2.7	3.8	4.0	2.6	1.8	5.4
Current Income Tax Expense	4.1	0.4	0.9	1.8	0.9	0.3	-0.2	0.5	0.8	0.3	1.8	0.6
Deferred Income Tax Expense	-1.7	—	0.3	-0.0	0.2	-0.0	0.8	0.0	-0.0	0.0	-1.3	0.0
Net Income	17.0	3.4	15.5	14.0	6.0	2.6	2.1	3.4	3.2	2.3	1.3	4.8
Non-controlling Interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	17.0	3.4	15.5	14.0	6.0	2.6	2.1	3.4	3.2	2.3	1.3	4.8
Earnings per Share VND per share	338.00	69.00	309.00	278.00	120.00	52.00	42.00	67.00	64.00	45.00	26.00	96.00
Diluted EPS VND per share	338.00	69.00	309.00	278.00	120.00	52.00	210.00	67.00	64.00	45.00	26.00	96.00

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,357.4	1,314.6	1,293.7	1,519.2	1,559.3	1,491.2	1,409.4	1,465.2	1,505.4	1,433.3	1,483.1	1,512.0
I. Cash and cash equivalents	95.9	67.0	63.6	129.7	75.0	98.7	66.1	86.2	94.0	50.0	71.1	73.2
1. Cash	95.9	67.0	63.6	129.7	75.0	98.7	66.1	86.2	94.0	50.0	71.1	73.2
2. Cash equivalents	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	20.0	20.0	20.0	20.0	20.0	20.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Available for sale securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Held to maturity investments	20.0	20.0	20.0	20.0	20.0	20.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	338.4	285.3	256.7	357.5	353.6	261.6	283.4	266.1	265.9	193.6	221.8	173.7
1. Short-term trade accounts receivable	353.9	293.3	255.3	361.1	370.0	269.6	281.9	256.3	263.3	199.8	227.9	175.2
2. Short-term prepayments to suppliers	15.5	19.0	24.2	20.2	7.7	10.4	19.7	22.6	15.9	7.2	7.2	11.6
3. Short-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	7.5	7.2	7.3	6.1	5.8	5.7	5.9	6.2	5.7	5.3	5.3	5.3
7. Provision for short-term doubtful debts (*)	-38.5	-34.1	-30.0	-29.9	-29.9	-24.1	-24.1	-19.0	-19.0	-18.6	-18.6	-18.4
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	502.2	539.2	840.2	898.9	1,001.2	999.6	953.3	1,008.5	1,044.0	1,091.1	1,093.1	1,171.8
1. Inventories	502.2	539.2	840.2	898.9	1,001.2	999.6	953.3	1,008.5	1,044.0	1,091.1	1,093.1	1,171.8
2. Provision for decline in value of inventories	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
V. Short-term Biological Assets	274.4	282.9	—	—	—	—	—	—	—	—	—	—
1. Short-term consumable livestock	274.4	282.9	—	—	—	—	—	—	—	—	—	—
V. Other short-term assets	126.5	120.2	113.2	113.2	109.5	111.3	106.7	104.5	101.5	98.5	97.1	93.3
1. Short-term prepayments	2.2	2.3	1.0	2.2	1.6	1.4	0.3	0.3	0.3	0.3	0.4	0.5
2. Value added tax to be reclaimed	124.3	117.9	112.3	111.0	107.9	109.8	106.3	104.2	101.2	98.2	96.4	92.8
3. Taxes and other receivables from state authorities	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.2	0.0
4. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	283.5	273.0	266.8	256.5	261.5	264.2	260.4	253.7	253.2	260.9	268.3	257.5
I. Long-term receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	247.0	225.8	227.1	227.3	232.5	239.7	235.3	233.3	237.3	244.8	249.7	239.7
1. Tangible fixed assets	206.3	184.7	185.4	185.2	189.9	196.6	191.7	189.3	192.7	199.8	204.1	193.7
- Cost	762.4	733.2	—	—	—	—	702.9	693.0	688.8	688.3	685.2	667.5
- Accumulated depreciation	-556.1	-548.5	—	—	—	—	-511.3	-503.7	-496.1	-488.5	-481.0	-473.8
2. Financial leased fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	40.6	41.1	41.6	42.1	42.6	43.1	43.6	44.1	44.6	45.1	45.6	46.1
- Cost	72.6	72.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-31.9	-31.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	6.1	20.5	13.4	6.6	6.1	6.3	10.3	8.4	6.3	6.3	6.1	6.1
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	6.1	20.5	13.4	6.6	6.1	6.3	10.3	8.4	6.3	6.3	6.1	6.1
V. Long-term financial investments	—	—	—	—	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Investments in other entities	3.6	3.6	3.6	3.6	3.6	3.6	3.6	3.6	3.6	3.6	3.6	3.6
4. Provision for diminution in value of long-term investments	-3.6	-3.6	-3.6	-3.6	-3.6	-3.6	-3.6	-3.6	-3.6	-3.6	-3.6	-3.6
5. Held to maturity investments	—	—	—	—	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	30.4	26.7	26.3	22.5	21.9	17.2	13.8	11.0	8.6	8.7	11.5	10.7
1. Long-term prepayments	28.2	26.3	25.9	21.8	21.2	16.2	12.9	9.2	6.9	7.0	7.8	8.3
2. Deferred income tax assets	2.2	0.4	0.4	0.7	0.7	0.9	0.9	1.7	1.7	1.7	3.7	2.4
3. Long-term equipment, supplies, spare parts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Goodwill	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,640.9	1,587.6	1,560.5	1,775.7	1,820.8	1,755.4	1,669.8	1,718.9	1,758.6	1,694.1	1,751.3	1,769.5
A. LIABILITIES (300=210+330)	806.4	770.2	712.2	942.9	1,002.2	942.9	860.2	911.4	954.0	892.7	950.1	969.5
I. Short -term liabilities	806.4	770.2	712.2	942.9	1,002.2	942.9	860.2	911.4	954.0	892.7	950.1	969.5
1. Short-term trade accounts payable	131.4	92.4	91.1	112.7	155.4	97.7	75.5	124.6	153.1	79.1	93.8	89.0
2. Short-term advances from customers	27.5	21.7	27.5	34.6	21.3	32.3	27.6	17.9	26.9	20.8	17.8	15.3
3. Taxes and other payables to state authorities	5.8	1.9	4.4	4.5	2.6	1.1	1.9	2.1	1.2	1.5	4.7	3.2
4. Payable to employees	15.1	7.8	17.4	18.4	13.3	10.6	9.7	18.9	20.2	15.0	16.7	10.3
5. Short-term acrrued expenses	16.7	8.0	4.6	4.1	3.7	4.0	4.6	4.8	10.3	6.9	10.0	9.1
6. Short-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	6.8	6.7	5.1	5.9	5.5	5.3	4.1	4.1	4.8	4.7	4.0	4.5
10. Short-term borrowings and financial leases	603.0	631.8	562.1	762.7	800.4	791.9	736.8	738.8	737.4	764.6	803.0	838.0
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Price stabilization fund	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term trade payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
9. Convertible bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts) VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	834.5	817.4	848.3	832.9	818.6	812.5	809.7	807.6	804.6	801.4	801.3	800.0
I. Owner's equity	834.5	817.4	848.3	832.9	818.6	812.5	809.7	807.6	804.6	801.4	801.3	800.0
1. Owner's capital	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6
- Common stock with voting right VND per share	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00	501,590,190,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	15.5	15.5	15.5	15.5	15.5	15.5	15.5	15.5	15.5	15.5	15.5	15.5
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	14.9	14.9	14.9	14.9	14.9	14.9	14.9	14.9	14.9	14.9	14.9	14.9
9. Fund to support corporate restructuring	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	302.5	285.4	316.3	300.9	286.6	280.5	277.7	275.6	272.6	269.4	269.3	268.0
- Accumulated retained earning at the end of the previous period	282.1	282.0	277.9	277.9	277.9	277.9	267.2	267.2	267.2	267.2	257.3	257.3
- Undistributed earnings in this period	20.4	3.4	38.4	23.0	8.7	2.6	10.5	8.4	5.5	2.3	12.0	10.7
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Financial reserves	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,640.9	1,587.6	1,560.5	1,775.7	1,820.8	1,755.4	1,669.8	1,718.9	1,758.6	1,694.1	1,751.3	1,769.5

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Profit Before Tax	19.4	3.9	12.4	15.7	7.6	2.9	2.7	3.8	4.0	2.6	1.7	5.3
Depreciation of Fixed Assets and Investment Property	8.1	7.9	8.0	7.7	7.9	8.2	8.1	8.1	8.0	8.0	7.7	8.3
Provision (Increase)/Reversal	4.4	—	4.2	0.0	5.8	—	2.6	0.0	0.4	0.0	0.2	0.0
FX Gain/Loss from Revaluation of Monetary Items	-1.1	—	0.3	—	-1.7	—	-1.2	2.9	-2.9	0.0	-0.8	-0.2
Gain/Loss from Investment Activities	-0.8	-0.7	4.1	-4.5	0.7	-0.9	-1.4	-3.6	1.2	-1.2	3.8	-4.1
Interest Expense	16.0	7.2	10.3	10.1	7.9	7.7	10.0	9.6	6.7	8.5	7.5	14.9
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	45.9	18.3	37.7	30.8	28.1	17.8	20.8	20.9	17.4	17.9	20.0	24.2
Increase/(Decrease) in Receivables	-63.0	210.3	70.4	-125.2	22.5	43.3	-20.9	-102.6	23.8	45.0	22.0	-119.0
Increase/(Decrease) in Inventory	45.5	17.9	58.9	102.3	-1.6	-46.3	55.2	35.5	47.2	1.9	78.8	-21.3
Increase/(Decrease) in Payables (Excl. Interest and CIT)	54.6	-258.3	19.2	73.4	-47.8	-15.0	-50.2	52.0	-8.7	-33.9	-55.3	87.2
Increase/(Decrease) in Prepaid Expenses	-1.7	-1.8	-2.8	-1.3	-5.2	-4.4	-3.7	-2.3	0.2	0.8	0.6	0.1
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-9.1	-5.1	-12.8	-4.6	-7.5	-10.2	-11.4	-10.6	-7.1	-8.6	-12.4	-12.5
Corporate Income Tax Paid	0.0	-3.9	0.0	0.0	-0.2	-1.6	0.0	-0.0	-0.9	-3.4	-1.6	1.6
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	—	-0.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	72.1	-22.4	170.6	75.4	-11.7	-16.4	-10.1	-7.2	71.8	19.7	52.2	-39.6
Payments for Fixed Assets and Other Long-term Assets	-14.8	-13.7	-14.6	-3.2	-0.4	-8.6	-11.9	-6.2	-0.5	-2.6	-18.5	-0.8
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	—	0.0	—	-20.0	—	0.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	28.0	1.0	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	1.0	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	—	—	-1.6	-0.9	-0.0	2.5	4.0	4.3	-0.1	0.1	0.1	0.1
Increase/(Decrease) in Term Deposits	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-42.8	14.3	-36.2	17.0	-20.4	-6.1	-7.9	-2.0	-0.6	-2.5	-18.4	-0.7
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Share Repurchases VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	327.9	361.9	477.3	356.3	493.9	444.4	486.7	427.7	490.2	444.7	469.3	415.4
Repayment of Borrowings	-328.6	-320.2	-677.9	-394.0	-485.4	-389.2	-488.8	-426.3	-517.4	-483.1	-505.1	-325.8
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	0.1	-30.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	-17.5
Other Financing Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-0.7	11.5	-200.6	-37.7	8.4	55.2	-2.1	1.4	-27.2	-38.4	-35.8	72.1
Net Cash Flow During the Period	28.7	3.4	-66.1	54.6	-23.7	32.6	-20.1	-7.8	44.0	-21.1	-2.0	31.9
Cash and Cash Equivalents at Beginning of Period	67.0	63.6	129.7	75.0	98.7	66.1	71.1	71.1	71.1	71.1	38.1	38.1
FX Difference from Revaluation	0.3	—	0.0	—	-0.0	—	0.0	0.0	-0.0	0.0	-0.1	-0.0
Cash and Cash Equivalents at End of Period	95.9	67.0	63.6	129.7	75.0	98.7	66.1	86.2	94.0	50.0	71.1	73.2

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Where does this stock standamong the rest of your investments?

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What other opportunitiesor risks may be present?

Where does this stock stand
among the rest of your investments?

How much does this stock
contribute to the portfolio?

Is the portfolio
well balanced?

What other opportunities
or risks may be present?