The financial statements of ADP

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	653.3	821.2	519.1	589.1	416.4
Revenue Deductions	1.5	3.3	2.9	1.7	0.0
Net Revenue	651.8	817.9	516.2	587.4	414.6
Cost of Goods Sold	523.0	658.3	416.7	498.2	0.0
Gross Profit	128.7	159.5	99.5	89.2	91.6
Financial Income	7.2	6.2	11.3	8.6	6.2
Financial Expenses	2.2	1.1	1.2	0.6	-0.0
Interest Expense	—	0.0	0.0	0.0	-0.0
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	15.1	18.7	15.4	22.9	-18.0
General and Administrative Expenses	22.1	39.0	20.4	23.8	-17.4
Operating Profit	96.6	106.9	73.8	50.4	62.3
Other Income	0.0	0.0	0.0	0.0	0.0
Other Expenses	0.7	0.1	0.0	0.1	0.0
Other Profit	-0.7	-0.1	-0.0	-0.1	-0.2
Profit Before Tax	95.9	106.8	73.8	50.3	62.1
Current Income Tax Expense	19.5	21.5	14.9	10.3	-12.5
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	76.5	85.3	58.9	40.0	49.6
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	76.5	85.3	58.9	40.0	49.6
Earnings per Share VND per share	3,319.00	3,703.00	2,558.00	1,738.00	2,801.00
Diluted EPS VND per share	3,319.00	3,703.00	2,558.00	1,738.00	2,153.50

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	317.1	318.2	338.7	308.0	270.7
I. Cash and cash equivalents	15.5	9.8	18.5	10.7	10.6
1. Cash	15.5	9.8	18.5	10.7	0.0
2. Cash equivalents	—	0.0	0.0	0.0	0.0
II. Short-term financial investments	134.0	102.0	130.0	140.0	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	134.0	102.0	130.0	140.0	0.0
III. Short-term receivables	46.8	68.6	65.3	82.4	58.5
1. Short-term trade accounts receivable	45.8	68.3	63.5	80.3	0.0
2. Short-term prepayments to suppliers	0.0	0.0	0.0	0.0	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	1.8	1.1	1.9	2.1	0.0
7. Provision for short-term doubtful debts (*)	-0.7	-0.8	-0.1	-0.0	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	120.5	137.2	124.2	74.3	71.6
1. Inventories	120.5	137.2	124.2	74.3	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	0.2	0.6	0.6	0.5	0.0
1. Short-term prepayments	0.2	0.6	0.6	0.5	0.0
2. Value added tax to be reclaimed	—	0.0	0.0	0.0	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)	30.6	37.2	42.7	50.5	60.2
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	30.6	37.2	42.6	50.4	60.2
1. Tangible fixed assets	15.0	21.2	26.1	33.4	42.8
- Cost	141.1	140.9	139.1	139.5	0.0
- Accumulated depreciation	-126.1	-119.7	-113.0	-106.1	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	15.5	16.0	16.5	17.0	17.5
- Cost	24.2	24.2	24.2	24.2	0.0
- Accumulated depreciation	-8.7	-8.2	-7.8	-7.3	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	—	0.0	0.1	0.1	0.0
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	—	0.0	0.1	0.1	0.0
V. Long-term financial investments	—	0.0	0.0	0.0	0.0
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	—	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	0.0	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	—	0.0	0.0	0.0	0.0
1. Long-term prepayments	—	0.0	0.0	0.0	0.0
2. Deferred income tax assets	—	0.0	0.0	0.0	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	0.0
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)	347.6	355.4	381.3	358.5	330.9
A. LIABILITIES (300=210+330)	82.8	83.0	94.1	84.2	52.9
I. Short -term liabilities	82.8	83.0	94.1	84.2	52.9
1. Short-term trade accounts payable	43.2	55.8	74.3	60.6	36.6
2. Short-term advances from customers	0.1	0.4	0.3	0.1	0.1
3. Taxes and other payables to state authorities	9.0	9.7	8.6	7.4	0.0
4. Payable to employees	11.1	16.5	9.8	15.0	0.0
5. Short-term acrrued expenses	—	0.0	0.1	0.0	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	19.4	0.6	1.1	1.0	0.0
10. Short-term borrowings and financial leases	—	0.0	0.0	0.0	0.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.1	0.1	0.1	0.1	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)	264.9	272.4	287.2	274.3	278.1
I. Owner's equity	264.9	272.4	287.2	274.3	0.0
1. Owner's capital	230.4	230.4	230.4	230.4	278.1
- Common stock with voting right VND per share	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0	0.0
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	7.2	7.2	7.2	7.2	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	27.3	34.7	49.6	36.7	47.7
- Accumulated retained earning at the end of the previous period	1.5	0.1	22.0	22.0	22.7
- Undistributed earnings in this period	25.8	34.6	27.6	14.7	25.0
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)	347.6	355.4	381.3	358.5	330.9

Item	2025	2024	2023	2022	2021
Profit Before Tax	95.9	106.8	0.0	0.0	0.0
Depreciation of Fixed Assets and Investment Property	7.3	7.2	0.0	0.0	0.0
Provision (Increase)/Reversal	-0.1	0.7	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0	-0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-6.6	-5.3	0.0	0.0	0.0
Interest Expense	—	0.0	0.0	0.0	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	96.5	109.5	0.0	0.0	0.0
Increase/(Decrease) in Receivables	22.5	-4.7	0.0	0.0	0.0
Increase/(Decrease) in Inventory	16.7	-13.1	0.0	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-21.7	-16.7	0.0	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	0.4	-0.0	0.0	0.0	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	—	-0.0	0.0	0.0	0.0
Corporate Income Tax Paid	-19.6	-20.8	-11.9	-13.5	0.0
Other Operating Receipts	—	0.0	6.7	4.7	0.0
Other Operating Payments	-3.3	-2.2	-54.6	-85.8	0.0
Net Cash Flow from Operating Activities	91.5	52.0	43.7	38.1	73.1
Payments for Fixed Assets and Other Long-term Assets	-0.7	-1.7	-0.3	-1.7	-0.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	-277.5	-214.0	0.0	0.0	-37.0
Receipts from Loan Repayments and Sale of Debt Instruments	245.5	242.0	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	6.0	6.1	8.4	5.4	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	-26.7	32.3	8.1	3.7	-32.6
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	—	6.7	0.0	3.0	0.6
Repayment of Borrowings	—	-6.7	0.0	-3.0	-8.5
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-59.1	-93.1	-44.0	-41.6	-37.9
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	-59.1	-93.1	-44.0	-41.6	-45.9
Net Cash Flow During the Period	5.7	-8.8	7.8	0.2	5.5
Cash and Cash Equivalents at Beginning of Period	9.8	18.5	10.7	10.6	15.9
FX Difference from Revaluation	—	-0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	15.5	9.8	18.5	10.7	10.6

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	146.9	154.6	135.6	140.3	176.1	201.3	192.8	215.8	246.0	166.6	169.3	152.8
Revenue Deductions	0.1	0.3	0.4	0.3	0.4	0.4	1.2	1.3	0.5	0.3	1.0	0.8
Net Revenue	146.8	154.4	135.2	140.1	175.7	200.8	191.6	214.5	245.4	166.3	168.3	152.0
Cost of Goods Sold	110.1	124.9	105.0	114.6	141.5	162.0	158.9	178.3	194.9	128.4	134.5	120.0
Gross Profit	36.7	29.5	30.2	25.5	34.2	38.8	32.6	36.2	50.5	38.0	33.8	32.0
Financial Income	3.8	0.5	3.8	0.4	2.5	0.5	2.7	1.2	1.5	0.8	4.9	2.0
Financial Expenses	0.5	0.2	0.0	0.0	1.9	0.2	0.2	0.2	0.6	0.1	0.6	0.0
Interest Expense	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Share of Associates and Joint Ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	4.6	3.9	3.8	3.5	2.6	5.2	5.2	4.4	4.6	3.7	4.6	3.6
General and Administrative Expenses	7.7	6.0	5.9	6.0	3.9	6.4	9.5	9.7	12.1	6.9	6.0	6.1
Operating Profit	27.8	19.9	24.3	16.4	28.3	27.5	20.5	23.1	34.7	28.2	27.4	24.3
Other Income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Expenses	0.1	0.1	0.3	0.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Profit	-0.1	-0.1	-0.3	-0.3	0.0	-0.0	-0.0	-0.0	-0.0	0.0	0.0	-0.0
Profit Before Tax	27.7	19.8	24.0	16.1	28.3	27.5	20.5	23.0	34.7	28.2	27.4	24.3
Current Income Tax Expense	5.7	4.0	4.9	3.3	5.7	5.5	4.3	4.6	6.9	5.6	5.5	4.9
Deferred Income Tax Expense	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	22.0	15.8	19.0	12.8	22.6	22.0	16.3	18.4	27.7	22.5	21.9	19.4
Non-controlling Interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	22.0	15.8	19.0	12.8	22.6	22.0	16.3	18.4	27.7	22.5	21.9	19.4
Earnings per Share VND per share	956.00	687.00	827.00	555.00	981.00	957.00	706.00	800.00	1,204.00	978.00	953.00	842.00
Diluted EPS VND per share	956.00	687.00	827.00	555.00	981.00	957.00	705.69	800.00	1,204.00	978.00	953.00	842.00

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)	315.8	314.5	317.1	307.4	307.9	357.0	318.2	320.0	369.9	361.7	338.0	315.9
I. Cash and cash equivalents	7.9	12.0	15.5	21.9	11.4	24.1	9.8	10.4	24.5	27.9	18.5	29.2
1. Cash	7.9	—	—	—	11.4	24.1	9.8	10.4	24.5	27.9	18.5	29.2
2. Cash equivalents	—	12.0	15.5	21.9	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	123.0	121.0	134.0	135.0	122.0	107.0	102.0	97.0	97.0	117.0	130.0	126.0
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	123.0	121.0	134.0	135.0	122.0	107.0	102.0	97.0	97.0	117.0	130.0	126.0
III. Short-term receivables	51.4	71.4	46.8	50.8	51.9	77.5	68.6	70.8	109.7	73.3	64.7	64.1
1. Short-term trade accounts receivable	50.1	71.5	45.9	50.8	51.2	77.9	68.3	71.5	110.1	71.8	63.5	64.5
2. Short-term prepayments to suppliers	0.0	0.0	0.0	0.2	0.0	0.0	0.0	0.0	0.0	0.9	0.0	0.0
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	2.0	—	1.8	0.6	1.5	0.4	1.1	0.1	0.1	0.8	1.9	0.3
7. Provision for short-term doubtful debts (*)	-0.7	0.7	-0.8	-0.8	-0.8	-0.8	-0.8	-0.8	-0.5	-0.1	-0.8	-0.8
8. Assets awaiting resolution	—	-0.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	132.9	109.6	120.5	98.6	121.9	147.8	137.2	140.9	138.0	142.7	124.2	95.2
1. Inventories	132.9	109.6	120.5	98.6	121.9	147.8	137.2	140.9	138.0	142.7	124.2	95.2
2. Provision for decline in value of inventories	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	0.7	0.5	0.2	1.2	0.8	0.5	0.6	0.8	0.7	0.7	0.6	1.3
1. Short-term prepayments	0.7	0.5	0.2	0.6	0.7	0.5	0.6	0.8	0.7	0.7	0.6	1.3
2. Value added tax to be reclaimed	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	—	—	—	0.6	0.0	—	0.0	0.0	0.0	0.0	0.0	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)	27.7	28.3	30.6	32.3	34.1	35.7	37.2	38.0	39.5	41.0	42.7	44.5
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	27.1	28.3	30.6	32.3	34.1	35.4	37.2	37.6	39.1	40.9	42.6	44.5
1. Tangible fixed assets	11.8	12.9	15.0	16.7	18.3	19.5	21.2	21.5	22.9	24.5	26.1	27.8
- Cost	141.0	141.1	—	—	—	—	140.9	139.5	139.3	139.3	139.1	139.1
- Accumulated depreciation	-129.2	-128.3	—	—	—	—	-119.7	-118.1	-116.4	-114.8	-113.0	-111.2
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	15.3	15.4	15.5	15.6	15.8	15.9	16.0	16.1	16.2	16.4	16.5	16.6
- Cost	24.2	24.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-9.0	-8.9	—	—	—	—	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	0.6	—	—	—	0.0	0.3	0.0	0.4	0.4	0.1	0.1	0.1
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	0.6	—	—	—	0.0	0.3	0.0	0.4	0.4	0.1	0.1	0.1
V. Long-term financial investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term prepayments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Deferred income tax assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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)	343.5	342.8	347.6	339.8	342.0	392.6	355.4	357.9	409.3	402.6	380.7	360.4
A. LIABILITIES (300=210+330)	81.9	62.1	82.8	59.4	58.2	98.2	83.0	86.1	139.8	92.9	93.9	81.4
I. Short -term liabilities	81.9	62.1	82.8	59.4	58.2	98.2	83.0	86.1	139.8	92.9	93.9	81.4
1. Short-term trade accounts payable	42.4	47.9	43.2	33.5	34.3	78.3	55.8	48.2	94.0	78.4	74.3	58.8
2. Short-term advances from customers	0.1	0.3	0.1	0.1	1.2	0.8	0.4	0.9	0.3	0.1	0.3	0.0
3. Taxes and other payables to state authorities	9.5	6.7	9.0	13.5	12.9	7.4	9.7	20.0	13.7	7.0	8.2	10.2
4. Payable to employees	12.6	6.2	11.1	10.8	8.7	11.0	16.5	14.6	12.1	6.2	9.9	11.4
5. Short-term acrrued expenses	—	0.3	—	—	—	—	0.0	0.0	0.0	0.0	0.1	0.0
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	17.1	0.8	19.4	1.3	1.1	0.7	0.6	2.2	19.7	1.2	1.1	0.8
10. Short-term borrowings and financial leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
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)	261.7	280.7	264.9	280.4	283.7	294.4	272.4	271.9	269.6	309.7	286.8	279.0
I. Owner's equity	261.7	280.7	264.9	280.4	283.7	294.4	272.4	271.9	269.6	309.7	286.8	279.0
1. Owner's capital	230.4	230.4	230.4	230.4	230.4	230.4	230.4	230.4	230.4	230.4	230.4	230.4
- Common stock with voting right VND per share	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00	230,398,500,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	7.2	7.2	7.2	7.2	7.2	7.2	7.2	7.2	7.2	7.2	7.2	7.2
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	24.0	43.1	27.3	42.8	46.1	56.8	34.7	34.2	31.9	72.1	49.1	41.4
- Accumulated retained earning at the end of the previous period	1.5	27.3	1.5	1.5	1.5	34.7	0.1	0.1	0.1	49.6	22.9	22.9
- Undistributed earnings in this period	22.5	15.8	25.8	41.3	44.6	22.0	34.6	34.1	31.8	22.5	26.3	18.5
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)	343.5	342.8	347.6	339.8	342.0	392.6	355.4	357.9	409.3	402.6	380.7	360.4

Item	Q2'26	Q1'26	Q4'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Profit Before Tax	28.6	19.8	40.0	28.3	27.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Depreciation of Fixed Assets and Investment Property	1.2	2.3	3.7	2.2	1.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Provision (Increase)/Reversal	0.1	—	-0.1	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.1	—	-0.1	0.1	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-3.7	-0.4	-3.7	-2.5	-0.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	0.0	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	0.0
Amortization of Goodwill	—	—	—	—	—	0.0	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	0.0
Operating Profit Before Changes in Working Capital	26.0	21.7	39.8	28.2	28.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Receivables	20.8	-25.8	5.5	26.7	-9.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Inventory	-23.3	11.0	1.3	26.0	-10.6	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-1.4	2.2	6.3	-46.3	18.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	0.2	-0.2	0.5	-0.2	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	-1.1	-8.5	-10.0	-1.0	-8.6	1.0	7.9	-1.0	-7.9	-10.9	4.9	-1.0
Other Operating Receipts	—	—	—	—	—	-0.7	-3.6	2.5	1.8	5.9	-3.9	2.6
Other Operating Payments	-2.7	—	0.0	-3.3	—	116.4	-108.4	-7.7	-0.3	87.0	-140.4	3.4
Net Cash Flow from Operating Activities	18.6	0.4	43.5	30.1	18.0	80.1	-129.3	40.4	8.8	139.8	-125.6	14.6
Payments for Fixed Assets and Other Long-term Assets	—	—	-0.1	-0.7	0.1	0.3	0.3	-0.3	-0.2	-0.1	-0.1	-0.1
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	-44.0	-79.0	-134.0	-83.5	-60.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	58.0	92.0	122.0	68.5	55.0	0.0	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	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	2.3	1.5	3.4	1.3	1.2	-1.2	-1.0	1.4	0.8	6.4	-1.4	2.8
Increase/(Decrease) in Term Deposits	—	—	—	—	—	0.0	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	0.0
Other Investing Receipts	—	—	—	—	—	0.0	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	0.0
Net Cash Flow from Investing Activities	16.3	14.5	-8.7	-14.3	-3.7	-0.9	-0.8	1.1	0.6	6.3	-1.5	2.7
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	0.00	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	0.00
Proceeds from Borrowings	—	—	—	—	—	-6.7	6.7	0.0	0.0	0.0	0.0	0.0
Repayment of Borrowings	—	—	—	—	—	6.7	-6.7	0.0	0.0	0.0	0.0	0.0
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-23.0	-18.4	-30.7	-28.5	—	31.9	13.0	-44.9	0.0	-44.0	30.9	-17.5
Other Financing Receipts	—	—	—	—	—	0.0	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	0.0
Net Cash Flow from Financing Activities	-23.0	-18.4	-30.7	-28.5	—	31.9	13.0	-44.9	0.0	-44.0	30.9	-17.5
Net Cash Flow During the Period	11.8	-3.5	4.1	-12.7	14.3	111.1	-117.1	-3.4	9.4	102.1	-96.1	-0.2
Cash and Cash Equivalents at Beginning of Period	12.0	15.5	9.8	24.1	9.8	0.0	121.5	18.5	18.5	10.7	123.5	10.7
FX Difference from Revaluation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	23.9	12.0	15.5	11.4	24.1	0.0	10.4	24.5	27.9	18.5	29.2	12.5

From one stock to the whole portfolio

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

Each stock is only one part of the wider picture. Looking at investments side by side makes their contribution, risks and opportunities across the portfolio clearer.

How much does this stock
contribute to the portfolio?

Its weight and influence across the assets held for investment.

Is the portfolio
well balanced?

How holdings, sectors and asset groups are distributed in relation to overall risk.

What other opportunities
or risks may be present?

What becomes visible only when investments are viewed together rather than one ticker at a time.

View my portfolio

Where does this stock standamong the rest of your investments?

How much does this stockcontribute to the portfolio?

Is the portfoliowell balanced?

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?