The financial statements of C4G

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	3,198.2	3,265.2	2,628.5	2,726.0	1,812.2
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	3,198.2	3,265.2	2,628.5	2,726.0	1,812.2
Cost of Goods Sold	2,824.7	2,787.1	2,224.6	2,328.1	0.0
Gross Profit	373.5	478.1	403.9	398.0	370.4
Financial Income	69.2	93.7	105.8	92.4	35.5
Financial Expenses	156.1	196.2	229.5	230.5	-224.3
Interest Expense	124.1	172.4	202.9	206.9	-205.4
Share of Associates and Joint Ventures	-43.3	-16.4	-10.4	-2.5	-15.0
Selling Expenses	3.8	1.8	1.7	3.8	-0.4
General and Administrative Expenses	136.8	142.1	119.9	92.8	-83.6
Operating Profit	102.7	215.2	148.2	160.8	82.5
Other Income	20.8	4.7	17.7	29.7	0.0
Other Expenses	8.4	5.0	5.4	4.9	0.0
Other Profit	12.4	-0.2	12.3	24.8	0.8
Profit Before Tax	115.1	215.0	160.6	185.6	83.3
Current Income Tax Expense	32.6	38.4	30.5	30.6	-22.3
Deferred Income Tax Expense	1.0	-2.1	1.8	0.2	0.0
Net Income	81.5	178.7	128.4	154.8	61.0
Non-controlling Interest	-0.4	-0.5	-2.0	2.9	-0.2
Profit Attributable to Parent	82.0	179.2	130.3	151.9	61.2
Earnings per Share VND per share	229.00	501.00	410.00	801.00	213.00
Diluted EPS VND per share	229.40	501.42	364.71	676.02	544.75

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	5,138.4	5,344.0	5,530.1	4,272.7	4,079.8
I. Cash and cash equivalents	152.0	225.4	709.2	216.2	191.0
1. Cash	70.2	97.9	497.8	201.7	0.0
2. Cash equivalents	81.8	127.4	211.4	14.5	0.0
II. Short-term financial investments	69.8	37.5	31.9	15.0	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	69.8	37.5	31.9	15.0	0.0
III. Short-term receivables	4,164.9	4,210.8	3,983.0	3,214.5	2,570.1
1. Short-term trade accounts receivable	1,080.1	1,003.8	1,085.1	949.0	0.0
2. Short-term prepayments to suppliers	588.0	715.4	720.1	392.5	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	2,143.1	2,107.5	1,780.0	1,530.9	0.0
6. Other short-term receivables	471.9	456.9	424.3	343.2	0.0
7. Provision for short-term doubtful debts (*)	-118.1	-72.7	-26.5	-1.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	727.6	850.8	796.3	802.7	1,261.9
1. Inventories	727.6	850.8	796.3	802.7	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	24.1	19.5	9.7	24.3	4.3
1. Short-term prepayments	3.0	2.4	0.6	0.8	0.0
2. Value added tax to be reclaimed	17.3	14.0	8.7	23.5	0.0
3. Taxes and other receivables from state authorities	3.8	3.1	0.4	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)	4,014.9	4,065.2	4,075.3	3,998.4	3,862.6
I. Long-term receivables	27.7	24.4	4.6	2.8	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	25.4
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	27.7	24.4	4.6	2.8	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	2,121.8	2,188.8	2,278.7	2,354.8	2,477.4
1. Tangible fixed assets	2,038.0	2,088.9	2,190.2	2,276.3	2,403.3
- Cost	3,364.7	3,343.9	3,335.8	3,365.7	0.0
- Accumulated depreciation	-1,326.7	-1,255.0	-1,145.6	-1,089.4	0.0
2. Financial leased fixed assets	73.2	89.1	77.5	67.2	62.9
- Cost	104.9	133.0	105.4	85.7	0.0
- Accumulated depreciation	-31.7	-43.8	-27.9	-18.5	0.0
3. Intangible fixed assets	10.5	10.8	11.0	11.3	11.1
- Cost	12.8	12.8	12.8	12.8	0.0
- Accumulated depreciation	-2.3	-2.0	-1.8	-1.5	0.0
III. Investment properties	112.0	115.2	118.4	121.7	132.7
- Cost	146.0	146.0	146.0	146.0	0.0
- Accumulated depreciation	-34.1	-30.8	-27.6	-24.4	0.0
IV. Long-term assets in progress	17.0	28.5	23.4	23.1	15.5
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	17.0	28.5	23.4	23.1	0.0
V. Long-term financial investments	557.7	569.1	547.1	533.3	458.6
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	280.1	330.9	366.3	376.7	0.0
3. Investments in other entities	287.1	247.6	180.7	156.5	0.0
4. Provision for diminution in value of long-term investments	-9.5	-9.5	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	1,178.8	1,139.3	1,103.0	962.8	0.0
1. Long-term prepayments	1,169.5	1,128.6	1,091.0	949.4	0.0
2. Deferred income tax assets	1.1	1.1	1.1	1.2	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	753.0
5. Goodwill	8.2	9.6	10.9	12.2	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	9,153.3	9,409.2	9,605.4	8,271.1	7,942.4
A. LIABILITIES (300=210+330)	5,156.6	5,489.1	5,862.5	5,777.7	6,659.4
I. Short -term liabilities	3,079.1	2,951.3	2,894.7	2,821.8	3,531.5
1. Short-term trade accounts payable	812.4	760.5	695.3	739.0	669.9
2. Short-term advances from customers	572.4	687.4	762.9	406.6	694.0
3. Taxes and other payables to state authorities	41.0	46.3	44.9	41.6	0.0
4. Payable to employees	18.3	18.7	20.5	19.3	0.0
5. Short-term acrrued expenses	416.0	421.9	368.8	341.8	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	16.8	19.2	17.3	16.5	0.0
9. Other short-term payables	105.3	86.9	85.2	87.1	0.0
10. Short-term borrowings and financial leases	1,087.5	903.6	889.7	1,149.5	1,387.5
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	9.3	6.7	10.0	20.4	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	2,077.5	2,537.8	2,967.9	2,955.9	3,127.8
1. Long-term trade payables	153.1	311.5	375.4	375.4	389.3
2. Long-term advances from customers	—	229.5	529.3	152.9	101.3
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	2.7	0.0	2.0	5.7	0.0
7. Other long-term liabilities	21.4	16.3	8.2	8.2	0.0
8. Long-term borrowings and financial leases	1,883.0	1,964.1	2,034.3	2,396.9	2,637.2
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	17.4	16.4	18.6	16.8	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)	3,996.7	3,920.1	3,742.8	2,493.4	1,283.0
I. Owner's equity	3,996.7	3,920.1	3,742.8	2,493.4	0.0
1. Owner's capital	3,573.0	3,573.0	3,573.0	2,247.2	1,283.0
- Common stock with voting right VND per share	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00	2,247,182,020,000.00	1,123,591,010,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	17.1	17.1	17.1	17.6	17.8
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	10.5	10.5	10.5	10.5	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	394.0	317.0	139.2	213.2	67.9
- Accumulated retained earning at the end of the previous period	312.0	137.8	8.9	61.3	1.6
- Undistributed earnings in this period	82.0	179.2	130.3	151.9	66.3
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	2.0	2.5	2.9	4.9	62.9
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)	9,153.3	9,409.2	9,605.4	8,271.1	7,942.4

Item	2025	2024	2023	2022	2021
Profit Before Tax	115.1	215.0	160.6	185.6	0.0
Depreciation of Fixed Assets and Investment Property	82.3	135.1	122.2	131.8	0.0
Provision (Increase)/Reversal	45.4	55.8	25.3	0.3	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	-0.0	-0.0	0.0
Gain/Loss from Investment Activities	-21.7	-84.6	-101.2	-88.6	0.0
Interest Expense	124.1	172.4	202.9	206.9	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	345.2	493.6	409.8	435.9	0.0
Increase/(Decrease) in Receivables	32.6	19.8	-528.2	-573.9	0.0
Increase/(Decrease) in Inventory	123.2	-54.5	6.4	-106.6	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-433.7	-304.4	732.7	153.6	0.0
Increase/(Decrease) in Prepaid Expenses	-36.6	-39.4	-141.4	-76.1	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-123.5	-189.6	-225.2	-258.5	0.0
Corporate Income Tax Paid	-38.4	-28.0	-25.3	-25.0	0.0
Other Operating Receipts	—	0.0	0.0	20.8	0.0
Other Operating Payments	-2.5	-4.6	-12.4	-25.7	0.0
Net Cash Flow from Operating Activities	-133.8	-107.0	216.5	-455.4	202.8
Payments for Fixed Assets and Other Long-term Assets	-6.2	-31.9	-22.2	-2.4	-8.8
Proceeds from Disposal of Fixed Assets and Long-term Assets	26.8	16.0	20.7	2.0	1.3
Loans and Purchases of Debt Instruments	-1,046.2	-1,725.8	-3,019.8	-2,276.4	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	978.2	1,392.7	2,753.8	1,926.2	0.0
Investments in Other Entities	-39.4	-57.4	-24.2	-153.0	-88.6
Proceeds from Investments in Other Entities	7.5	22.9	0.0	17.5	0.0
Dividends and Interest Income Received	69.6	93.9	100.5	76.0	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	-9.7	-289.7	-191.1	-410.0	-62.1
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	1,123,139,910,000.00	1,123,591,010,000.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	1,429.1	1,734.4	1,527.4	1,589.3	1,466.3
Repayment of Borrowings	-1,321.6	-1,793.7	-2,152.6	-1,726.7	-1,599.2
Repayment of Finance Leases	-37.5	-27.4	-30.4	-21.6	-20.5
Dividends Paid	—	-0.4	0.0	0.0	0.0
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	70.0	-87.2	467.6	964.6	-153.4
Net Cash Flow During the Period	-73.4	-483.8	493.1	99.1	96.1
Cash and Cash Equivalents at Beginning of Period	225.4	709.2	216.2	117.0	203.7
FX Difference from Revaluation	—	-0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	152.0	225.4	709.2	216.2	191.0

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	783.7	414.3	1,015.9	681.9	988.0	508.6	954.9	789.8	1,027.1	507.2	835.6	711.1
Revenue Deductions	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	783.7	414.3	1,015.9	681.9	988.0	508.6	954.9	789.8	1,027.1	507.2	835.6	711.1
Cost of Goods Sold	689.8	332.3	900.7	578.7	886.7	455.1	807.5	683.8	892.4	427.3	712.6	632.3
Gross Profit	93.9	82.0	115.2	103.2	101.3	53.5	147.4	106.0	134.8	80.0	123.1	78.8
Financial Income	18.0	9.4	18.5	10.9	25.5	13.6	17.6	22.1	22.2	25.6	31.8	30.8
Financial Expenses	44.0	35.8	35.6	39.2	50.7	36.6	46.0	46.6	57.1	48.6	78.0	61.9
Interest Expense	39.1	33.3	22.1	33.7	34.4	29.0	24.0	43.3	48.2	45.4	40.2	53.0
Share of Associates and Joint Ventures	-9.6	-11.0	4.0	-1.5	-17.1	-3.5	-15.6	0.1	4.4	4.5	-6.3	3.4
Selling Expenses	0.9	0.8	1.1	1.0	1.1	0.7	0.5	0.4	0.4	0.3	0.7	0.6
General and Administrative Expenses	36.4	34.7	55.7	19.1	45.9	16.7	70.8	15.3	30.5	16.0	22.1	16.5
Operating Profit	20.9	9.2	45.2	53.3	12.2	9.5	32.0	65.9	73.4	45.2	47.8	34.0
Other Income	0.9	1.7	4.8	3.0	2.8	12.2	11.4	2.0	5.4	1.9	18.0	4.5
Other Expenses	0.6	0.1	7.1	1.4	0.4	0.4	11.0	1.7	5.9	0.8	6.1	2.7
Other Profit	0.4	1.7	-2.3	1.5	2.3	11.8	0.3	0.3	-0.5	1.1	12.0	1.8
Profit Before Tax	21.3	10.8	42.9	54.8	14.6	21.4	32.3	66.3	72.9	46.2	59.8	35.8
Current Income Tax Expense	8.0	5.1	9.7	12.9	8.3	4.4	8.8	11.0	10.4	5.0	9.3	5.5
Deferred Income Tax Expense	—	—	0.1	0.1	—	—	-0.3	0.1	2.3	0.0	2.2	0.0
Net Income	13.2	5.7	33.1	41.8	6.2	16.9	23.8	55.2	60.1	41.2	48.2	30.4
Non-controlling Interest	0.0	-0.0	-0.2	-0.1	-0.0	0.0	0.5	-0.2	-0.2	-0.7	-0.5	0.2
Profit Attributable to Parent	13.2	5.7	33.3	41.9	6.3	16.9	23.3	55.3	60.4	41.9	48.8	30.1
Earnings per Share VND per share	37.02	16.00	93.00	118.00	18.00	47.00	65.00	155.00	169.00	117.00	137.00	80.00
Diluted EPS VND per share	37.02	16.09	93.26	117.27	17.56	47.33	65.25	154.87	168.95	117.16	136.53	84.37

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)	5,241.9	5,348.4	5,193.9	5,168.0	5,101.0	5,407.7	5,444.3	5,464.4	5,571.1	5,632.5	5,689.7	5,665.7
I. Cash and cash equivalents	118.8	143.5	151.9	94.0	96.1	183.8	225.8	497.0	538.2	652.4	725.6	799.1
1. Cash	73.8	18.5	70.2	65.3	67.4	59.9	98.0	409.5	445.9	224.9	497.5	558.9
2. Cash equivalents	45.0	125.0	81.8	28.7	28.7	123.8	127.8	87.5	92.3	427.5	228.1	240.2
II. Short-term financial investments	2,141.1	2,160.6	69.8	126.1	65.7	37.5	37.1	37.1	37.2	31.8	15.2	15.7
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	2,264.3	2,271.2	69.8	126.1	65.7	37.5	37.1	37.1	37.2	31.8	15.2	15.7
4. Provision for short-term investments held to maturity (*)	-123.2	-110.5	—	—	—	—	—	—	—	—	—	—
III. Short-term receivables	2,077.2	2,126.8	4,219.5	4,108.4	4,089.2	4,206.9	4,223.8	4,007.8	4,059.8	4,028.2	4,144.4	3,886.3
1. Short-term trade accounts receivable	905.2	918.0	987.7	796.4	906.9	928.5	987.6	952.3	1,060.7	1,000.4	1,101.3	842.6
2. Short-term prepayments to suppliers	683.5	735.9	716.1	739.2	733.3	737.4	738.5	847.0	834.6	817.3	800.8	888.6
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	—	—	1,925.3	1,977.6	2,041.6	2,065.8	2,089.0	1,765.6	1,781.0	1,792.4	1,758.6	1,730.9
6. Other short-term receivables	508.7	493.2	701.9	684.8	498.4	548.0	481.4	469.4	410.0	444.5	510.3	425.3
7. Provision for short-term doubtful debts (*)	-20.3	-20.3	-111.5	-89.6	-91.0	-72.7	-72.7	-26.5	-26.5	-26.5	-26.5	-1.1
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	877.5	883.4	729.2	807.2	819.3	941.7	932.4	896.6	916.0	904.6	795.3	929.6
1. Inventories	877.5	883.4	729.2	807.2	819.3	941.7	932.4	896.6	916.0	904.6	795.3	929.6
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	27.3	34.1	23.5	32.2	30.8	37.9	25.2	25.9	19.9	15.6	9.2	35.1
1. Short-term prepayments	3.1	2.9	3.0	3.8	2.5	2.5	2.4	3.2	1.4	1.0	0.6	1.3
2. Value added tax to be reclaimed	20.4	27.4	17.2	25.3	25.3	32.4	21.2	21.2	16.6	14.0	8.1	33.7
3. Taxes and other receivables from state authorities	3.9	3.8	3.2	3.1	3.1	3.1	1.5	1.5	1.8	0.6	0.5	0.2
4. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	0.1	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	3,930.6	3,951.9	4,032.5	3,957.4	4,004.7	4,006.6	4,048.9	4,054.0	4,097.1	4,016.5	4,037.9	4,010.5
I. Long-term receivables	29.1	27.6	27.7	24.1	24.6	25.3	24.3	22.7	23.5	23.0	5.8	5.3
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	29.1	27.6	27.7	24.1	24.6	25.3	24.3	22.7	23.5	23.0	5.8	5.3
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	2,082.4	2,088.7	2,104.4	2,109.7	2,128.6	2,149.8	2,170.0	2,197.4	2,226.1	2,244.0	2,259.3	2,292.4
1. Tangible fixed assets	2,005.8	2,006.8	2,020.6	2,034.1	2,036.1	2,050.4	2,071.5	2,103.6	2,128.2	2,144.4	2,170.7	2,198.1
- Cost	3,362.2	3,345.1	—	—	—	—	3,322.1	3,335.4	3,333.1	3,317.8	3,313.1	3,366.5
- Accumulated depreciation	-1,356.3	-1,338.3	—	—	—	—	-1,250.6	-1,231.7	-1,204.9	-1,173.3	-1,142.3	-1,168.4
2. Financial leased fixed assets	66.1	71.4	73.2	64.9	81.8	88.7	87.7	83.0	87.0	88.6	77.6	83.2
- Cost	94.4	107.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-28.3	-35.9	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	10.4	10.5	10.5	10.6	10.7	10.7	10.8	10.8	10.9	10.9	11.0	11.1
- Cost	12.8	12.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-2.4	-2.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	115.7	116.5	117.4	118.2	119.1	119.9	120.7	121.6	122.4	123.3	124.0	124.9
- Cost	152.6	152.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-37.0	-36.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	3.3	3.3	17.0	23.6	24.0	34.0	28.9	23.8	23.7	47.0	23.4	23.2
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	3.3	3.3	17.0	23.6	24.0	34.0	28.9	23.8	23.7	47.0	23.4	23.2
V. Long-term financial investments	516.7	546.7	601.5	551.5	556.3	573.4	592.2	615.1	595.1	572.6	560.0	554.0
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	241.1	269.1	304.4	305.6	310.4	327.5	344.6	377.0	375.3	370.9	379.2	385.5
3. Investments in other entities	287.1	287.1	306.6	255.4	255.4	255.4	247.6	238.1	219.8	201.7	180.7	168.5
4. Provision for diminution in value of long-term investments	-11.4	-9.5	-9.5	-9.5	-9.5	-9.5	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	1,183.4	1,169.1	1,164.5	1,130.3	1,152.1	1,104.3	1,112.8	1,073.4	1,106.3	996.2	1,053.9	999.1
1. Long-term prepayments	1,174.2	1,159.9	1,154.9	1,120.5	1,142.1	1,094.0	1,102.1	1,062.0	1,094.6	995.6	1,052.7	997.9
2. Deferred income tax assets	1.0	1.0	1.1	1.1	1.1	1.1	1.1	1.1	1.1	0.6	1.2	1.2
3. Long-term equipment, supplies, spare parts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	8.2	8.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Goodwill	—	—	8.6	8.7	8.9	9.2	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	—	9.6	10.2	10.5	10.5	11.5	11.5
TOTAL ASSETS (280=100+200)	9,172.5	9,300.2	9,226.4	9,125.3	9,105.7	9,414.3	9,493.2	9,518.5	9,668.2	9,649.0	9,727.6	9,676.2
A. LIABILITIES (300=210+330)	5,175.0	5,296.9	5,210.3	5,143.8	5,166.4	5,476.3	5,570.8	5,620.0	5,823.3	5,864.3	5,962.1	5,957.7
I. Short -term liabilities	3,167.1	3,260.6	3,176.9	2,970.9	2,894.9	3,044.4	3,061.9	3,027.2	3,040.9	2,956.4	3,009.3	3,306.8
1. Short-term trade accounts payable	763.9	786.2	833.7	739.4	766.3	716.4	797.8	789.0	736.1	716.8	720.7	779.0
2. Short-term advances from customers	760.2	806.3	568.1	625.0	574.4	937.3	721.3	719.2	817.5	757.6	764.8	1,005.8
3. Taxes and other payables to state authorities	21.6	20.4	40.4	37.5	25.5	14.1	41.0	39.9	24.7	19.1	46.9	38.9
4. Payable to employees	18.6	15.7	21.0	12.0	10.7	16.9	20.5	12.5	12.3	11.4	21.8	16.5
5. Short-term acrrued expenses	422.1	413.7	416.0	374.3	376.5	345.2	391.7	337.4	374.9	351.9	346.3	330.2
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	14.8	14.1	11.8	16.0	18.3	19.8	13.5	16.0	12.3	16.0	16.9	16.9
9. Other short-term payables	120.6	129.5	161.6	84.6	103.2	85.3	136.4	156.5	136.8	132.6	149.0	168.6
10. Short-term borrowings and financial leases	1,020.3	1,067.8	1,115.1	1,072.2	1,009.8	903.9	933.0	947.4	916.7	942.5	932.9	938.6
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	25.0	6.9	9.3	9.8	10.1	5.4	6.7	9.2	9.5	8.6	10.0	12.2
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	2,007.9	2,036.3	2,033.4	2,172.9	2,271.6	2,431.9	2,508.9	2,592.8	2,782.4	2,907.8	2,952.8	2,650.9
1. Long-term trade payables	120.3	151.8	153.1	198.3	210.6	286.2	311.5	308.8	377.1	386.7	387.7	303.9
2. Long-term advances from customers	—	—	—	78.7	131.0	184.3	229.5	281.9	371.2	466.8	529.3	233.0
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	2.3	2.3	—	—	—	—	0.3	1.2	1.7	2.0	3.7	3.7
7. Other long-term liabilities	19.9	19.9	—	19.9	15.6	15.6	15.7	15.7	7.6	7.6	7.5	7.5
8. Long-term borrowings and financial leases	1,848.2	1,862.3	1,865.2	1,860.5	1,898.5	1,929.9	1,934.1	1,967.4	2,003.9	2,026.2	2,007.0	2,086.6
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	17.3	—	15.2	15.5	15.8	15.8	17.7	17.7	20.8	18.6	17.6	16.1
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)	3,997.5	4,003.3	4,016.1	3,981.6	3,939.3	3,938.0	3,922.3	3,898.5	3,844.9	3,784.8	3,765.5	3,718.5
I. Owner's equity	3,997.5	4,003.3	4,016.1	3,981.6	3,939.3	3,938.0	3,922.3	3,898.5	3,844.9	3,784.8	3,765.5	3,718.5
1. Owner's capital	3,573.0	3,573.0	3,573.0	3,573.0	3,573.0	3,573.0	3,573.0	3,573.0	3,573.0	3,573.0	3,573.0	3,573.0
- Common stock with voting right VND per share	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00	3,573,007,540,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	17.0	17.0	17.1	17.1	17.1	17.1	17.0	17.0	17.0	17.0	17.0	17.0
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	12.0	12.0	12.0	10.5	12.0	12.0	12.0	12.0	12.0	12.0	12.0	12.0
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	393.9	399.7	412.4	379.0	335.2	333.9	318.6	295.3	241.5	181.1	161.2	112.4
- Accumulated retained earning at the end of the previous period	375.0	394.0	312.0	312.0	312.0	317.0	139.2	139.2	139.2	139.2	8.9	8.9
- Undistributed earnings in this period	19.0	5.7	100.4	67.0	23.2	16.9	179.3	156.0	102.2	41.9	152.2	103.5
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	1.6	1.6	1.6	1.8	2.0	2.0	1.7	1.2	1.5	1.7	2.4	4.1
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)	9,172.5	9,300.2	9,226.4	9,125.3	9,105.7	9,414.3	9,493.2	9,518.5	9,668.2	9,649.0	9,727.6	9,676.2

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	—	—	80.3	—	34.7	—	0.0	-114.9	114.9	0.0	160.6	-88.5
Depreciation of Fixed Assets and Investment Property	—	—	37.2	—	45.1	—	0.0	-74.5	74.5	0.0	122.2	-63.8
Provision (Increase)/Reversal	—	—	28.5	—	16.9	—	0.0	0.0	0.0	0.0	25.3	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	—	-0.0	—	0.0	-0.0	0.0	0.0	-0.0	0.0
Gain/Loss from Investment Activities	—	—	-4.1	—	-17.6	—	0.0	64.3	-64.3	0.0	-101.2	57.4
Interest Expense	—	—	60.7	—	63.4	—	0.0	-93.6	93.6	0.0	202.9	-118.0
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	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	—	—	202.8	—	142.5	—	0.0	-218.8	218.8	0.0	409.8	-212.9
Increase/(Decrease) in Receivables	—	—	-210.0	—	242.6	—	0.0	71.4	-71.4	0.0	-528.2	295.9
Increase/(Decrease) in Inventory	—	—	91.9	—	31.3	—	0.0	107.2	-107.2	0.0	6.4	105.7
Increase/(Decrease) in Payables (Excl. Interest and CIT)	—	—	-45.2	—	-388.4	—	0.0	58.5	-58.5	0.0	732.7	-445.3
Increase/(Decrease) in Prepaid Expenses	—	—	-7.5	—	-29.2	—	0.0	46.4	-46.4	0.0	-141.4	79.3
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	—	-60.1	—	-63.4	—	0.0	104.2	-104.2	0.0	-225.2	119.4
Corporate Income Tax Paid	-6.2	-26.3	-0.4	0.4	-0.1	-38.3	-0.2	0.2	-4.5	-23.4	-2.9	0.2
Other Operating Receipts	7.1	46.6	—	—	—	—	4.6	8.3	-11.6	11.6	-3.1	3.1
Other Operating Payments	-21.4	-15.5	38.6	-39.9	14.8	-16.0	-17.5	-28.6	23.9	-25.9	-4.4	-4.2
Net Cash Flow from Operating Activities	-27.4	83.7	81.9	-111.4	-134.0	29.8	197.0	242.0	-260.5	61.7	-119.4	304.3
Payments for Fixed Assets and Other Long-term Assets	0.0	-4.4	-1.3	—	-4.9	—	0.0	25.2	-25.2	0.0	1.6	7.5
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	1.7	15.5	—	11.3	—	0.0	-4.7	4.7	0.0	15.3	-7.5
Loans and Purchases of Debt Instruments	—	—	-799.7	—	-246.5	—	0.0	886.9	-886.9	0.0	-3,019.8	2,090.1
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	820.0	—	158.2	—	0.0	-945.7	945.7	0.0	2,753.8	-1,244.4
Investments in Other Entities	—	—	—	—	—	—	0.0	-18.3	-18.2	-21.0	-12.2	-7.2
Proceeds from Investments in Other Entities	7.1	8.1	7.5	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	14.8	9.7	48.0	-24.4	42.3	3.7	1.2	-27.8	40.9	9.2	55.2	-4.6
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	63.6	-81.1	11.8	22.2	-22.1	-21.6	-410.8	-281.5	212.1	-162.8	-215.9	843.8
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	-450,000,000.00	1,123,589,910,000.00
Share Repurchases VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	327.0	327.1	393.1	305.0	414.9	316.1	328.0	452.4	602.7	341.5	607.6	919.9
Repayment of Borrowings	-380.5	-328.6	-417.1	-212.0	-334.0	-358.4	-377.9	-444.1	-662.4	-289.8	-354.1	-1,798.4
Repayment of Finance Leases	-7.4	-9.5	-11.7	-6.3	-12.1	-7.5	-7.5	-10.0	-5.9	-7.4	-7.5	-22.8
Dividends Paid	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	-842.8
Other Financing Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-61.0	-11.1	-35.7	86.7	68.9	-49.8	-57.4	-1.7	-65.7	44.3	245.4	-620.6
Net Cash Flow During the Period	-24.7	-8.4	57.9	-2.5	-87.2	-41.6	-271.2	-41.3	-114.1	-56.8	-89.9	527.5
Cash and Cash Equivalents at Beginning of Period	143.5	152.0	94.0	96.6	183.8	225.4	709.2	709.2	709.2	709.2	216.2	216.2
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	118.8	143.5	152.0	94.0	96.6	183.8	225.8	497.0	538.3	652.4	709.2	799.1

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