The financial statements of BCM

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	6,974.5	5,313.5	8,174.6	6,527.5	7,100.3
Revenue Deductions	21.5	74.3	292.0	21.1	0.0
Net Revenue	6,953.0	5,239.2	7,882.6	6,506.4	6,964.6
Cost of Goods Sold	2,788.4	1,740.9	3,634.7	3,770.4	0.0
Gross Profit	4,164.6	3,498.4	4,247.8	2,735.9	3,225.7
Financial Income	178.8	167.8	131.1	73.5	69.0
Financial Expenses	1,434.2	1,310.4	906.4	879.5	-1,043.1
Interest Expense	1,375.9	1,295.0	906.1	879.3	-821.5
Share of Associates and Joint Ventures	2,633.5	1,947.8	798.1	1,142.6	1,009.7
Selling Expenses	1,006.5	1,067.3	873.2	763.6	-627.5
General and Administrative Expenses	741.5	646.4	592.1	535.6	-560.9
Operating Profit	3,794.6	2,589.8	2,805.4	1,773.3	2,073.0
Other Income	53.8	28.2	18.7	223.0	0.0
Other Expenses	105.6	58.7	126.9	101.5	0.0
Other Profit	-51.9	-30.5	-108.2	121.4	-471.5
Profit Before Tax	3,742.7	2,559.3	2,697.2	1,894.7	1,601.4
Current Income Tax Expense	294.1	254.8	416.3	180.3	-232.1
Deferred Income Tax Expense	-76.8	-90.5	0.7	0.1	0.0
Net Income	3,525.4	2,395.0	2,280.1	1,714.3	1,369.4
Non-controlling Interest	24.5	208.0	-143.1	29.3	96.7
Profit Attributable to Parent	3,500.9	2,187.1	2,423.2	1,685.0	1,272.7
Earnings per Share VND per share	3,249.00	2,010.00	2,187.00	1,482.00	1,107.00
Diluted EPS VND per share	3,249.00	2,010.00	2,187.00	1,482.00	1,229.71

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	31,463.5	31,704.0	28,440.9	27,851.2	28,630.0
I. Cash and cash equivalents	2,349.8	2,205.1	1,332.3	1,070.6	2,975.3
1. Cash	2,149.2	2,073.0	1,145.6	891.5	0.0
2. Cash equivalents	200.6	132.1	186.7	179.1	0.0
II. Short-term financial investments	339.3	299.9	87.3	436.5	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	339.3	299.9	87.3	436.5	0.0
III. Short-term receivables	6,565.7	8,063.8	7,024.0	5,315.1	4,869.9
1. Short-term trade accounts receivable	4,400.6	5,351.6	5,667.3	2,989.8	0.0
2. Short-term prepayments to suppliers	735.3	860.4	264.5	263.1	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	—	4.5	4.5	5.5	0.0
6. Other short-term receivables	1,502.1	1,976.2	1,145.9	2,104.5	0.0
7. Provision for short-term doubtful debts (*)	-72.3	-128.9	-58.2	-49.2	0.0
8. Assets awaiting resolution	—	0.0	0.0	1.4	0.0
IV. Inventories	22,179.0	21,054.7	19,833.6	20,861.4	20,469.3
1. Inventories	22,179.0	21,056.0	19,834.5	20,863.7	0.0
2. Provision for decline in value of inventories	—	-1.2	-0.9	-2.3	0.0
V. Other short-term assets	29.6	80.4	163.7	167.6	91.4
1. Short-term prepayments	24.6	59.0	49.7	39.3	0.0
2. Value added tax to be reclaimed	1.0	18.3	107.3	25.9	0.0
3. Taxes and other receivables from state authorities	4.0	3.1	6.7	102.4	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)	29,477.5	27,076.8	24,983.0	20,438.4	19,935.0
I. Long-term receivables	—	412.7	532.9	569.7	0.0
1. Long-term trade receivables	—	89.3	146.2	233.6	321.4
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	—	323.4	386.7	336.1	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	786.9	1,062.2	1,159.6	1,244.4	1,219.7
1. Tangible fixed assets	721.5	933.5	1,018.9	1,091.1	1,070.4
- Cost	2,353.5	2,786.0	2,620.6	2,545.0	0.0
- Accumulated depreciation	-1,632.0	-1,852.5	-1,601.6	-1,454.0	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	65.4	128.7	140.7	153.3	149.3
- Cost	193.1	272.5	254.4	233.2	0.0
- Accumulated depreciation	-127.6	-143.8	-113.7	-79.9	0.0
III. Investment properties	2,566.0	2,662.2	2,535.4	424.7	455.6
- Cost	2,922.0	2,931.5	2,721.3	529.1	0.0
- Accumulated depreciation	-356.0	-269.4	-185.9	-104.4	0.0
IV. Long-term assets in progress	1,027.2	3,046.4	3,190.9	1,892.6	2,474.8
1. Long-term production in progress	184.3	2,190.3	2,309.0	1,825.4	0.0
2. Construction in progress	842.9	856.1	881.9	67.2	0.0
V. Long-term financial investments	24,687.3	19,493.1	17,225.9	15,883.7	14,867.6
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	24,095.0	18,900.7	16,633.6	15,291.4	0.0
3. Investments in other entities	592.4	592.4	592.4	592.4	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	410.1	400.3	338.3	423.3	0.0
1. Long-term prepayments	76.5	141.4	174.3	201.1	0.0
2. Deferred income tax assets	333.6	258.8	164.0	222.2	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	595.8
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)	60,941.0	58,780.8	53,423.9	48,289.6	48,565.0
A. LIABILITIES (300=210+330)	37,569.3	38,101.6	33,951.0	30,344.4	31,797.3
I. Short -term liabilities	21,656.5	21,929.5	22,997.6	18,641.6	19,051.0
1. Short-term trade accounts payable	320.6	575.1	747.1	635.0	864.3
2. Short-term advances from customers	857.6	1,900.6	1,322.8	3,902.7	3,449.3
3. Taxes and other payables to state authorities	216.8	229.5	332.3	220.0	0.0
4. Payable to employees	71.4	72.2	72.3	89.3	0.0
5. Short-term acrrued expenses	9,258.6	8,917.5	9,701.7	7,513.7	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	—	0.3	0.0	0.0	599.0
9. Other short-term payables	941.8	1,355.7	926.7	817.8	0.0
10. Short-term borrowings and financial leases	9,672.4	8,444.2	9,385.2	4,950.7	4,244.9
11. Provision for short-term liabilities	—	11.0	8.5	4.1	0.0
12.. Bonus and welfare fund	317.4	423.4	500.9	508.3	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	15,912.8	16,172.0	10,953.4	11,702.9	12,746.3
1. Long-term trade payables	0.5	0.5	2.4	16.3	16.3
2. Long-term advances from customers	—	0.2	0.2	10.1	9.2
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	1,398.6	946.4	475.5	594.0	186.4
7. Other long-term liabilities	5.9	4.6	5.0	5.4	0.0
8. Long-term borrowings and financial leases	14,275.5	15,183.8	10,331.2	10,935.7	12,389.6
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	—	1.8	0.7	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	2.9	0.0
13. Fund for technology development	232.3	34.8	138.5	138.5	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	23,371.7	20,679.2	19,472.9	17,945.1	16,767.7
I. Owner's equity	23,371.7	20,679.2	19,472.9	17,945.1	0.0
1. Owner's capital	10,350.0	10,350.0	10,350.0	10,350.0	16,767.7
- Common stock with voting right VND per share	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	9.9	11.9	11.9	11.9	11.9
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	7.8	7.8	7.8	7.8
5. Treasury shares VND per share	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	-185.2	-185.2	-185.2	-185.2	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	3,001.5	2,594.1	2,074.6	1,586.2	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	9,598.8	6,810.8	6,302.9	5,161.5	4,613.7
- Accumulated retained earning at the end of the previous period	6,098.0	4,623.7	3,879.8	3,476.4	3,340.9
- Undistributed earnings in this period	3,500.9	2,187.1	2,423.2	1,685.0	1,272.7
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	596.6	1,089.8	910.9	1,012.9	1,104.2
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)	60,941.0	58,780.8	53,423.9	48,289.6	48,565.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	3,742.7	2,559.3	2,697.2	1,894.7	1,601.4
Depreciation of Fixed Assets and Investment Property	237.7	262.2	267.4	189.7	186.2
Provision (Increase)/Reversal	2.5	74.0	10.1	-8.9	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-2,767.8	-2,108.0	-928.5	-1,322.0	0.0
Interest Expense	1,375.9	1,295.0	906.1	879.3	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	195.2	0.0	-43.8	-14.4	0.0
Operating Profit Before Changes in Working Capital	2,786.2	2,082.5	2,908.5	1,618.4	2,421.6
Increase/(Decrease) in Receivables	-278.3	-396.3	-2,261.8	340.7	0.0
Increase/(Decrease) in Inventory	-732.3	-204.6	-1,165.7	1,380.7	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	786.8	677.2	-414.3	-818.5	0.0
Increase/(Decrease) in Prepaid Expenses	67.3	23.6	26.4	10.9	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-2,275.4	-2,209.7	-1,995.9	-1,685.5	0.0
Corporate Income Tax Paid	-356.2	-413.1	-80.8	-241.9	0.0
Other Operating Receipts	0.1	0.0	0.0	0.0	0.0
Other Operating Payments	-221.0	-205.2	-167.1	-100.8	0.0
Net Cash Flow from Operating Activities	-222.9	-645.6	-3,150.6	503.9	358.6
Payments for Fixed Assets and Other Long-term Assets	-156.2	-319.9	-114.8	-212.2	-56.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	10.0	-12.1	1.3	103.4	4.9
Loans and Purchases of Debt Instruments	344.4	-326.9	350.2	-222.4	-201.5
Receipts from Loan Repayments and Sale of Debt Instruments	-384.3	114.3	0.0	1.4	45.4
Investments in Other Entities	-2,739.1	-1,300.4	-859.1	-743.8	-1,005.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	1,054.1	556.0	1,094.8	193.4	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	-1,871.1	-1,289.0	472.4	-880.2	-1,085.9
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	0.00	0.00	60,172,282,579.00
Share Repurchases VND per share	—	0.00	0.00	0.00	-15,921,068,244.00
Proceeds from Borrowings	10,776.5	14,731.4	9,983.9	5,608.3	9,861.7
Repayment of Borrowings	-8,526.7	-10,888.9	-6,216.1	-6,421.5	-7,088.9
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-11.1	-1,035.0	-828.0	-724.5	-890.0
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	2,238.7	2,807.5	2,939.8	-1,537.8	1,927.1
Net Cash Flow During the Period	144.7	872.9	261.6	-1,914.1	161.4
Cash and Cash Equivalents at Beginning of Period	2,205.1	1,332.3	1,070.6	2,984.7	1,775.6
FX Difference from Revaluation	—	0.0	0.0	-0.0	-0.0
Cash and Cash Equivalents at End of Period	2,349.8	2,205.1	1,332.3	1,070.6	2,975.3

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	892.7	1,106.2	1,376.8	828.7	2,524.4	1,847.3	2,012.5	1,241.3	1,164.7	811.9	5,169.7	1,143.2
Revenue Deductions	1.8	1.2	0.3	0.4	3.8	4.8	12.6	13.7	2.9	0.2	110.0	15.8
Net Revenue	890.9	1,105.0	1,376.5	828.4	2,520.7	1,842.5	1,999.9	1,227.6	1,161.8	811.6	5,059.6	1,127.3
Cost of Goods Sold	346.7	422.3	336.4	318.5	711.7	1,138.4	660.1	385.3	462.2	237.4	2,469.3	399.0
Gross Profit	544.2	682.7	1,040.0	509.9	1,809.0	704.2	1,339.8	842.3	699.6	574.2	2,590.3	728.4
Financial Income	20.9	63.1	16.1	10.0	-31.3	102.0	25.9	3.4	133.6	2.7	19.8	6.8
Financial Expenses	549.0	344.5	434.3	308.5	339.5	308.5	355.2	342.1	374.0	164.3	296.3	149.2
Interest Expense	539.0	342.4	407.4	307.7	318.9	291.5	355.1	341.9	373.9	164.3	296.2	149.2
Share of Associates and Joint Ventures	524.5	219.6	1,283.2	529.8	603.0	271.0	1,189.4	243.2	455.3	59.5	568.7	6.4
Selling Expenses	214.5	204.8	279.0	204.4	239.3	256.5	313.8	223.6	326.2	203.1	290.2	181.7
General and Administrative Expenses	125.4	118.0	334.6	129.0	98.8	136.6	168.0	139.2	222.2	145.9	223.5	140.9
Operating Profit	200.8	298.1	1,291.5	407.9	1,703.1	375.5	1,718.1	384.0	366.1	123.2	2,368.9	269.9
Other Income	14.9	4.3	16.6	9.8	8.6	3.9	5.3	7.8	2.2	11.1	3.7	4.7
Other Expenses	14.4	13.5	35.3	26.8	35.1	7.2	22.9	12.9	2.5	6.5	10.6	5.9
Other Profit	0.5	-9.2	-18.7	-17.0	-26.5	-3.3	-17.6	-5.1	-0.2	4.6	-6.9	-1.3
Profit Before Tax	201.2	288.9	1,272.8	391.0	1,676.6	372.2	1,700.6	378.9	365.9	127.8	2,362.0	268.6
Current Income Tax Expense	56.9	0.5	63.6	3.4	213.7	12.6	167.6	15.9	65.9	8.6	312.3	53.0
Deferred Income Tax Expense	-66.8	—	-37.8	-34.8	-4.7	-5.9	-7.3	0.0	-94.2	0.0	0.0	-0.0
Net Income	211.1	288.4	1,247.1	422.4	1,467.7	365.6	1,540.4	363.0	394.1	119.2	2,049.7	215.6
Non-controlling Interest	6.6	8.9	8.2	6.7	1.4	7.3	170.6	18.6	13.5	1.1	-1.2	-1.7
Profit Attributable to Parent	204.5	279.6	1,238.9	415.7	1,466.3	358.3	1,369.8	344.4	380.7	118.1	2,051.0	217.4
Earnings per Share VND per share	169.00	241.00	1,164.00	368.00	1,383.00	313.00	1,212.00	230.00	244.00	114.00	1,827.00	74.00
Diluted EPS VND per share	169.00	241.00	1,164.00	368.00	1,383.00	313.00	1,923.00	230.00	244.00	114.00	1,827.00	74.00

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)	33,056.5	31,731.7	31,384.5	31,593.9	31,456.7	32,104.0	31,833.4	28,158.1	28,454.9	28,160.5	31,086.1	28,481.9
I. Cash and cash equivalents	1,519.4	1,526.5	2,349.8	1,869.4	2,833.1	1,015.1	2,210.2	663.0	2,099.9	2,479.8	1,332.3	593.3
1. Cash	1,484.7	1,419.5	2,149.2	1,695.0	2,681.9	895.0	2,073.1	512.0	1,515.8	1,105.7	1,145.6	539.4
2. Cash equivalents	34.7	107.0	200.6	174.4	151.2	120.1	137.1	151.0	584.1	1,374.1	186.7	53.9
II. Short-term financial investments	619.3	542.9	339.3	309.8	298.6	317.3	294.9	279.9	263.9	230.3	87.3	265.3
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	619.3	542.9	339.3	309.8	298.6	317.3	294.9	279.9	263.9	230.3	87.3	265.3
III. Short-term receivables	8,054.2	6,945.3	6,474.0	7,180.1	7,028.0	8,877.8	8,066.2	6,213.0	5,326.5	4,869.1	7,067.2	5,276.5
1. Short-term trade accounts receivable	5,331.4	4,658.2	4,361.5	5,287.5	5,186.2	6,498.8	5,352.2	4,555.4	4,070.9	3,113.5	5,803.6	3,557.5
2. Short-term prepayments to suppliers	564.3	709.3	735.3	303.8	367.6	933.7	859.8	241.9	248.1	254.0	251.9	298.0
3. Short-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	1.1	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	—	—	—	—	4.5	4.5	4.5	4.5	4.5	4.5	4.5	4.5
6. Other short-term receivables	2,230.8	1,650.1	1,444.9	1,656.3	1,537.2	1,569.7	1,978.5	1,531.9	1,122.6	1,555.4	1,065.8	1,466.4
7. Provision for short-term doubtful debts (*)	-72.3	-72.3	-67.7	-67.4	-67.4	-128.9	-128.9	-120.6	-120.6	-58.2	-58.6	-49.9
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	22,828.8	22,644.4	22,192.8	22,202.5	21,264.0	21,797.1	21,206.3	20,903.1	20,647.6	20,347.7	22,448.0	22,165.5
1. Inventories	22,828.8	22,644.4	22,192.8	22,202.5	21,264.0	21,798.3	21,207.2	20,904.0	20,648.6	20,348.6	22,449.4	22,166.9
2. Provision for decline in value of inventories	—	—	—	—	—	-1.2	-0.9	-0.9	-0.9	-0.9	-1.4	-1.4
V. Other short-term assets	34.8	72.7	28.6	32.1	32.9	96.8	55.9	99.1	116.9	233.7	151.4	181.2
1. Short-term prepayments	21.6	18.1	25.5	28.1	28.3	39.9	35.2	26.5	36.2	130.6	50.4	71.1
2. Value added tax to be reclaimed	1.2	1.1	1.0	1.0	1.0	21.8	18.4	63.7	71.6	93.3	94.3	95.2
3. Taxes and other receivables from state authorities	12.1	53.6	2.2	3.1	3.6	35.1	2.4	8.8	9.1	9.8	6.6	14.9
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)	29,549.4	29,578.3	29,523.7	26,588.1	25,834.3	27,196.9	26,944.0	26,283.1	26,574.4	25,908.5	22,094.4	20,972.3
I. Long-term receivables	—	—	—	—	0.0	321.5	243.8	261.1	479.3	516.6	572.1	520.8
1. Long-term trade receivables	—	—	—	—	—	87.7	89.3	86.3	89.3	126.5	143.0	135.1
2. Long-term prepayments to suppliers	—	—	—	—	0.0	0.0	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	—	—	—	—	—	233.8	154.5	174.8	390.0	390.0	429.1	385.8
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	743.0	764.1	774.9	802.8	828.2	1,028.0	1,050.3	1,075.9	1,117.2	1,126.1	1,174.8	1,198.3
1. Tangible fixed assets	687.4	703.8	721.4	746.3	770.1	906.9	921.7	943.2	973.4	991.7	1,020.4	1,053.6
- Cost	2,373.0	2,362.4	—	—	—	—	2,633.0	2,621.6	2,635.6	2,622.3	2,623.6	2,620.5
- Accumulated depreciation	-1,685.6	-1,658.7	—	—	—	—	-1,711.3	-1,678.4	-1,662.3	-1,630.6	-1,603.2	-1,566.8
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	55.6	60.3	53.5	56.5	58.1	121.1	128.5	132.7	143.8	134.5	154.4	144.7
- Cost	193.2	193.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-137.6	-132.9	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	2,522.9	2,544.4	2,566.0	2,587.5	2,609.2	2,640.5	2,674.3	2,696.2	2,705.6	2,524.6	475.8	480.3
- Cost	2,922.0	2,922.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-399.1	-377.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	1,080.6	1,027.2	1,027.2	1,028.3	1,025.4	3,047.0	3,046.3	3,163.6	3,150.7	3,150.4	2,233.4	2,212.7
1. Long-term production in progress	237.7	184.3	184.3	184.3	184.3	2,178.4	2,190.2	2,305.7	2,294.7	2,294.6	2,182.9	2,142.8
2. Construction in progress	842.9	842.9	842.9	844.0	841.1	868.7	856.1	857.9	856.0	855.8	50.5	69.9
V. Long-term financial investments	24,691.6	24,842.2	24,746.7	21,787.4	21,009.8	19,765.5	19,488.1	18,667.5	18,707.6	18,265.2	17,244.5	16,156.0
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	24,049.2	24,249.8	24,154.3	21,195.0	20,417.5	19,173.1	18,895.8	18,075.2	18,115.3	17,672.8	16,652.1	15,563.6
3. Investments in other entities	642.4	592.4	592.4	592.4	592.4	592.4	592.4	592.4	592.4	592.4	592.4	592.4
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	511.3	400.5	408.9	382.1	361.6	394.4	441.2	418.8	414.0	325.6	393.8	404.1
1. Long-term prepayments	66.1	66.8	75.3	86.2	94.1	129.7	165.1	150.1	155.9	161.6	170.5	180.8
2. Deferred income tax assets	445.2	333.6	333.6	295.8	267.5	264.7	276.1	268.8	258.1	164.0	223.3	223.3
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)	62,605.9	61,310.1	60,908.2	58,182.0	57,290.9	59,300.9	58,777.4	54,441.2	55,029.4	54,069.1	53,180.5	49,454.2
A. LIABILITIES (300=210+330)	40,152.3	38,832.2	37,590.8	36,094.3	35,878.3	38,256.1	38,297.5	34,370.0	35,202.2	34,542.7	34,091.5	31,481.1
I. Short -term liabilities	20,876.9	19,756.6	21,678.3	20,052.0	22,469.5	21,967.9	21,453.1	20,843.0	22,159.9	22,551.2	22,997.8	19,478.6
1. Short-term trade accounts payable	312.6	255.5	322.8	511.4	340.1	564.9	574.1	570.4	527.1	573.8	738.7	708.3
2. Short-term advances from customers	698.1	883.3	841.1	905.2	965.9	1,835.1	1,978.9	1,309.7	1,413.9	1,415.9	1,320.1	3,447.1
3. Dividends and profits payable	3.3	1.3	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	145.1	65.0	184.0	46.2	243.9	78.4	232.2	77.4	129.8	18.7	330.8	134.9
4. Payable to employees	55.9	61.3	71.2	53.6	53.5	67.7	66.8	57.5	60.6	58.6	69.2	58.0
5. Short-term acrrued expenses	9,229.1	9,560.2	9,331.6	9,861.3	9,675.8	9,728.7	8,909.5	9,242.8	9,175.6	9,480.5	9,749.0	7,623.4
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	—	—	—	0.1	0.1	0.2	0.3	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	669.0	606.1	935.9	894.3	796.8	1,204.8	1,352.2	857.1	977.8	934.5	911.9	1,034.9
10. Short-term borrowings and financial leases	9,433.7	8,085.4	9,672.4	7,410.4	9,963.3	8,116.2	7,903.3	8,228.1	9,323.4	9,638.0	9,384.3	5,923.5
11. Provision for short-term liabilities	—	—	—	—	—	8.5	11.0	6.0	5.8	5.6	8.5	8.4
12.. Bonus and welfare fund	330.1	238.4	319.2	369.4	430.2	363.3	424.7	493.9	546.0	425.5	485.4	540.3
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	19,275.3	19,075.6	15,912.6	16,042.3	13,408.8	16,288.2	16,844.4	13,527.0	13,042.3	11,991.4	11,093.6	12,002.4
1. Long-term trade payables	—	0.5	0.5	0.5	0.5	0.5	0.5	0.5	2.4	2.4	2.4	2.4
2. Long-term advances from customers	—	—	—	—	—	0.2	0.2	0.2	0.2	0.2	0.2	0.2
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	2,148.2	1,398.6	1,398.6	1,173.7	999.7	976.0	976.0	946.4	946.4	475.5	594.0	594.0
7. Other long-term liabilities	6.7	6.3	5.7	4.7	4.5	4.5	4.5	4.4	4.5	4.7	4.8	4.8
8. Long-term borrowings and financial leases	16,900.2	17,437.9	14,275.5	14,828.6	12,369.3	15,270.6	15,724.8	12,437.0	11,950.4	11,370.2	10,353.8	11,262.5
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	—	—	—	—	—	1.8	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	220.2	232.3	232.3	34.8	34.8	34.8	138.5	138.5	138.5	138.5	138.5	138.5
14. Provision for severance allowances	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	22,453.6	22,477.9	23,317.4	22,087.7	21,412.6	21,044.8	20,479.9	20,071.1	19,827.1	19,526.4	19,089.0	17,973.1
I. Owner's equity	22,453.6	22,477.9	23,317.4	22,087.7	21,412.6	21,044.8	20,479.9	20,071.1	19,827.1	19,526.4	19,089.0	17,973.1
1. Owner's capital	10,350.0	10,350.0	10,350.0	10,350.0	10,350.0	10,350.0	10,350.0	10,350.0	10,350.0	10,350.0	10,350.0	10,350.0
- Common stock with voting right VND per share	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00	10,350,000,000,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	9.9	9.9	9.9	9.9	9.9	11.9	11.9	11.9	11.9	11.9	11.9	11.9
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	4.5	—	—	—	—	7.8	7.8	7.8	7.8	7.8	7.8	7.8
5. Treasury shares VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	-185.2	-185.2	-185.2	-185.2	-185.2	-185.2	-185.2	-185.2	-185.2	-185.2	-185.2	-185.2
7. Foreign exchange differences	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	3,644.6	3,001.5	3,001.5	3,006.0	3,003.7	2,594.1	2,594.1	2,594.1	2,594.1	2,074.6	2,074.5	2,068.3
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	8,027.6	8,698.3	9,537.4	8,311.5	7,819.6	7,169.1	6,606.4	6,355.2	6,123.9	6,354.7	5,954.0	4,831.5
- Accumulated retained earning at the end of the previous period	7,722.6	8,418.8	6,049.0	6,061.9	5,995.1	6,810.8	4,500.8	5,619.4	5,625.1	6,236.5	3,512.7	4,441.2
- Undistributed earnings in this period	305.0	279.6	3,488.5	2,249.6	1,824.5	358.3	2,105.7	735.9	498.8	118.1	2,441.3	390.3
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	602.3	603.3	603.7	595.5	414.6	1,097.1	1,094.9	937.3	924.7	912.7	876.0	888.9
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)	62,605.9	61,310.1	60,908.2	58,182.0	57,290.9	59,300.9	58,777.4	54,441.2	55,029.4	54,069.1	53,180.5	49,454.2

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
Profit Before Tax	-22.6	288.9	1,281.1	391.0	1,698.4	372.2	1,700.6	378.9	244.2	127.8	2,328.8	203.6
Depreciation of Fixed Assets and Investment Property	47.9	69.3	63.5	48.4	61.0	64.7	59.9	69.9	65.9	66.4	131.5	34.9
Provision (Increase)/Reversal	-0.0	—	5.0	—	0.0	-2.5	13.3	-62.0	60.2	0.0	101.8	-92.7
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	—	-912.7	—	-0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-897.3	-132.8	-2,419.9	-227.5	—	-120.4	-613.6	125.7	-622.5	-38.3	-553.9	-99.1
Interest Expense	539.0	342.4	407.4	307.7	369.3	291.5	355.1	341.9	432.5	164.3	296.8	149.0
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	1.5	-3.9	0.0	-43.8	0.0
Operating Profit Before Changes in Working Capital	-333.0	567.8	-470.2	1,314.7	1,336.1	605.6	1,515.2	856.0	176.5	320.1	2,261.1	195.6
Increase/(Decrease) in Receivables	-418.4	-317.6	510.9	-20.3	-47.8	-721.2	-1,353.4	-723.5	-442.3	2,061.3	-2,093.9	-75.9
Increase/(Decrease) in Inventory	580.2	-804.2	1,796.3	-2,229.0	364.2	-663.8	-794.3	-471.6	44.2	-146.9	-308.9	140.2
Increase/(Decrease) in Payables (Excl. Interest and CIT)	186.5	234.8	-972.5	808.1	111.0	840.2	974.8	-85.9	335.4	-333.9	-145.9	-790.0
Increase/(Decrease) in Prepaid Expenses	-2.6	16.1	18.1	3.0	15.3	30.9	-23.6	17.3	99.5	-68.2	35.2	-29.1
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-661.1	-538.8	-646.9	-477.8	-573.5	-577.2	-441.6	-563.3	-545.5	-565.7	-623.7	-477.0
Corporate Income Tax Paid	-0.8	-172.2	-15.9	-147.9	-0.4	-192.0	-27.7	-36.3	-28.3	-321.8	-15.5	-6.1
Other Operating Receipts	0.0	0.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-45.3	-81.6	-55.4	-58.1	-47.5	-60.0	-69.0	-52.3	-13.9	-68.8	-45.2	-61.2
Net Cash Flow from Operating Activities	-694.6	-1,095.7	164.5	-807.3	1,157.3	-737.5	-219.5	-1,059.7	-374.3	876.2	-937.0	-1,103.4
Payments for Fixed Assets and Other Long-term Assets	-5.4	-8.6	-63.0	-53.3	-24.1	-15.7	-10.6	113.0	-341.4	-21.6	-30.7	43.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.2	0.1	12.7	-12.3	9.6	—	-0.0	3.8	1.1	1.1	0.7	0.6
Loans and Purchases of Debt Instruments	-114.6	-215.2	385.5	178.4	-202.1	-17.4	-35.8	14.0	-63.6	-146.5	634.5	-130.0
Receipts from Loan Repayments and Sale of Debt Instruments	38.2	11.6	-415.0	-185.1	215.8	—	20.8	-25.0	25.0	3.5	-306.6	200.0
Investments in Other Entities	-50.0	—	—	—	—	—	-259.1	-19.4	0.0	-1,007.9	-760.1	-99.0
Proceeds from Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	77.6	16.9	874.9	81.5	234.1	-136.5	170.9	129.5	149.5	140.3	482.0	48.1
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	-54.0	-195.1	-1,633.1	221.8	-273.3	-186.5	-113.8	215.9	-229.4	-1,031.2	20.0	63.1
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	1,761.6	4,853.8	5,408.3	2,762.4	1,755.5	850.2	8,898.2	2,078.1	1,460.2	2,295.5	5,525.8	2,363.4
Repayment of Borrowings	-970.0	-3,299.7	195.5	-3,139.0	-0.3	-1,116.3	-6,020.6	-2,635.6	-1,240.4	-992.8	-3,045.4	-1,139.2
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-50.0	-1,086.6	-5.2	-1.5	-4.3	-0.0	-997.1	-31.7	0.2	-0.2	-824.4	2.8
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	741.5	467.4	1,949.0	-378.1	933.9	-266.1	1,880.5	-589.3	220.0	1,302.5	1,655.9	1,227.0
Net Cash Flow During the Period	-7.1	-823.3	480.4	-963.6	1,818.0	-1,190.0	1,547.2	-1,433.1	-383.7	1,147.5	738.9	186.7
Cash and Cash Equivalents at Beginning of Period	1,526.5	2,349.8	1,869.4	2,833.1	1,015.1	2,205.1	1,332.3	1,332.3	1,332.3	1,332.3	1,070.6	1,070.6
FX Difference from Revaluation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	1,519.4	1,526.5	2,349.8	1,869.4	2,833.1	1,015.1	2,210.2	663.0	2,096.0	2,479.8	1,332.3	593.3

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