The financial statements of CKG

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	864.0	1,304.1	1,310.5	1,456.1	1,117.2
Revenue Deductions	8.8	9.6	9.8	10.3	0.0
Net Revenue	855.2	1,294.5	1,300.8	1,445.8	1,113.2
Cost of Goods Sold	562.0	943.3	910.8	1,038.0	0.0
Gross Profit	293.2	351.2	389.9	407.8	367.5
Financial Income	8.2	7.6	12.0	6.6	53.7
Financial Expenses	30.0	24.6	29.9	21.4	-45.6
Interest Expense	29.2	22.4	29.5	21.4	-28.3
Share of Associates and Joint Ventures	1.1	0.7	0.7	-1.2	0.9
Selling Expenses	38.1	29.7	35.9	33.0	-22.2
General and Administrative Expenses	101.5	148.6	140.0	144.8	-176.8
Operating Profit	132.9	156.6	196.8	214.0	177.5
Other Income	4.4	3.1	2.4	3.2	0.0
Other Expenses	10.9	5.0	3.1	1.5	0.0
Other Profit	-6.4	-2.0	-0.7	1.7	1.8
Profit Before Tax	126.4	154.6	196.1	215.7	179.3
Current Income Tax Expense	28.1	32.6	34.9	44.3	-40.4
Deferred Income Tax Expense	-0.3	-0.5	6.0	2.0	0.0
Net Income	98.6	122.6	155.2	169.4	139.0
Non-controlling Interest	7.9	-0.2	11.6	2.3	-23.2
Profit Attributable to Parent	90.7	122.8	143.6	167.1	162.1
Earnings per Share VND per share	688.00	1,289.00	1,508.00	1,419.00	1,945.00
Diluted EPS VND per share	560.46	1,288.86	1,507.59	1,754.24	1,965.08

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	3,985.9	4,071.6	3,798.8	3,833.3	4,015.6
I. Cash and cash equivalents	92.4	44.9	40.9	67.5	71.8
1. Cash	89.4	36.6	36.9	48.6	0.0
2. Cash equivalents	3.0	8.3	4.0	18.9	0.0
II. Short-term financial investments	0.5	0.5	3.5	14.7	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	0.5	0.5	3.5	14.7	0.0
III. Short-term receivables	525.5	975.6	844.9	931.8	1,195.1
1. Short-term trade accounts receivable	215.8	214.0	90.8	243.5	0.0
2. Short-term prepayments to suppliers	25.9	317.9	69.3	79.9	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	753.8	0.0	0.0
6. Other short-term receivables	346.6	528.4	-69.1	674.6	0.0
7. Provision for short-term doubtful debts (*)	-62.8	-84.8	0.0	-66.3	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	3,360.8	3,046.3	2,906.2	2,816.3	2,746.5
1. Inventories	3,360.8	3,046.3	2,906.2	2,816.3	0.0
2. Provision for decline in value of inventories	-0.1	0.0	0.0	0.0	0.0
V. Other short-term assets	6.8	4.4	3.3	3.0	1.7
1. Short-term prepayments	1.4	0.6	0.7	2.0	0.0
2. Value added tax to be reclaimed	2.1	1.2	0.9	0.7	0.0
3. Taxes and other receivables from state authorities	3.2	2.6	1.7	0.4	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)	933.2	932.9	940.2	914.9	660.6
I. Long-term receivables	0.0	0.0	2.6	3.5	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	3.5
2. Long-term prepayments to suppliers	—	0.0	0.0	0.9	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	2.6	2.6	2.6	2.6	0.0
7. Provision for long-term doubtful debts	-2.6	-2.6	0.0	0.0	0.0
II. Fixed assets	239.6	297.7	263.9	278.4	138.6
1. Tangible fixed assets	234.7	286.1	249.8	269.3	129.4
- Cost	336.2	409.8	355.4	364.1	0.0
- Accumulated depreciation	-101.5	-123.6	-105.6	-94.8	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	4.9	11.5	14.1	9.1	9.2
- Cost	9.6	16.5	18.1	12.9	0.0
- Accumulated depreciation	-4.7	-5.0	-4.0	-3.7	0.0
III. Investment properties	286.6	281.0	323.8	311.3	223.0
- Cost	286.6	281.0	324.7	311.3	0.0
- Accumulated depreciation	-0.0	0.0	-0.9	0.0	0.0
IV. Long-term assets in progress	367.2	301.7	299.1	272.8	240.2
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	367.2	301.7	299.1	272.8	0.0
V. Long-term financial investments	16.5	15.5	17.3	17.2	22.0
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	16.5	15.5	17.3	17.2	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	23.2	37.0	33.5	31.8	0.0
1. Long-term prepayments	23.2	30.4	29.3	24.4	0.0
2. Deferred income tax assets	—	6.6	4.1	7.4	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	33.3
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)	4,919.2	5,004.5	4,739.0	4,748.2	4,676.2
A. LIABILITIES (300=210+330)	2,885.7	3,531.6	3,357.6	3,609.2	3,705.6
I. Short -term liabilities	1,763.8	2,169.6	2,198.2	1,843.1	1,980.1
1. Short-term trade accounts payable	160.6	130.1	196.4	252.4	104.4
2. Short-term advances from customers	84.2	66.0	22.2	14.8	73.9
3. Taxes and other payables to state authorities	32.1	46.3	39.9	70.3	0.0
4. Payable to employees	78.3	82.0	86.4	89.3	0.0
5. Short-term acrrued expenses	241.9	297.6	283.8	274.2	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	6.5	4.0	3.8	0.3	0.1
9. Other short-term payables	308.1	456.6	226.4	396.3	0.0
10. Short-term borrowings and financial leases	843.8	1,074.4	1,324.1	710.2	973.6
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	8.3	12.5	15.2	35.4	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	1,121.9	1,362.1	1,159.5	1,766.1	1,725.4
1. Long-term trade payables	—	0.0	0.0	0.0	4.1
2. Long-term advances from customers	282.7	344.2	638.3	800.8	1,206.6
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	0.7	89.4	108.4	89.4	0.0
8. Long-term borrowings and financial leases	832.7	915.2	401.4	867.3	428.4
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	5.8	13.3	11.3	8.6	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)	2,033.5	1,472.9	1,381.3	1,139.0	970.7
I. Owner's equity	2,033.5	1,472.9	1,381.3	1,139.0	0.0
1. Owner's capital	1,618.1	952.6	952.6	952.6	970.7
- Common stock with voting right VND per share	1,618,075,260,000.00	952,593,610,000.00	952,593,610,000.00	952,593,610,000.00	824,997,810,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	59.2	35.6	35.6	35.6	35.6
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	5.2	4.0	3.6	3.2	2.5
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	65.3	57.3	49.6	49.1	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	251.1	384.9	287.2	50.5	77.3
- Accumulated retained earning at the end of the previous period	171.0	262.1	143.6	23.9	-8.0
- Undistributed earnings in this period	80.1	122.8	143.6	26.5	85.3
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	34.6	38.5	52.7	48.1	-11.0
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)	4,919.2	5,004.5	4,739.0	4,748.2	4,676.2

Item	2025	2024	2023	2022	2021
Profit Before Tax	126.4	154.6	196.1	215.7	179.3
Depreciation of Fixed Assets and Investment Property	19.2	21.1	18.8	13.5	12.7
Provision (Increase)/Reversal	-21.9	19.7	2.8	6.3	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-2.7	-0.4	1.2	-6.3	0.0
Interest Expense	29.2	22.4	29.5	21.4	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	150.4	217.4	248.5	250.6	207.9
Increase/(Decrease) in Receivables	224.2	-85.7	171.4	72.0	0.0
Increase/(Decrease) in Inventory	-52.9	-185.3	-90.7	148.3	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-352.8	-81.3	-351.8	-339.4	0.0
Increase/(Decrease) in Prepaid Expenses	6.6	1.1	-3.8	-1.3	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-28.9	-22.6	-31.2	-185.1	0.0
Corporate Income Tax Paid	-37.2	-33.1	-32.0	-29.6	0.0
Other Operating Receipts	1.0	0.0	0.0	0.0	0.0
Other Operating Payments	-32.6	-35.4	-23.1	-30.5	0.0
Net Cash Flow from Operating Activities	-122.3	-224.7	-112.7	-114.9	58.1
Payments for Fixed Assets and Other Long-term Assets	-72.2	-32.7	-58.4	-119.0	-66.6
Proceeds from Disposal of Fixed Assets and Long-term Assets	42.2	0.3	0.8	0.1	0.0
Loans and Purchases of Debt Instruments	-4.9	0.0	-3.0	-14.2	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	29.7	3.0	14.2	0.0	0.0
Investments in Other Entities	-1.3	0.0	0.0	0.0	-16.8
Proceeds from Investments in Other Entities	0.9	0.0	0.0	2.0	0.0
Dividends and Interest Income Received	0.4	0.8	0.7	3.7	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	—	1.4	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-5.2	-27.2	-45.7	-127.3	-27.2
Proceeds from Equity Issuance and Capital Contributions VND per share	498,545,943,191.00	0.00	0.00	41,000,000,000.00	309,126,400,000.00
Share Repurchases VND per share	-9,517,924,499.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	1,285.4	1,702.9	987.8	1,308.1	544.0
Repayment of Borrowings	-1,598.5	-1,446.3	-853.0	-1,108.4	-784.9
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-0.9	-0.6	-3.0	-1.4	-78.5
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	175.0	255.9	131.8	239.2	-10.3
Net Cash Flow During the Period	47.5	4.0	-26.6	-3.0	22.8
Cash and Cash Equivalents at Beginning of Period	44.9	40.9	67.5	70.5	51.2
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	92.4	44.9	40.9	67.5	71.8

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	234.4	88.9	425.9	133.6	163.1	139.0	501.3	299.9	263.0	282.1	353.2	291.8
Revenue Deductions	-0.0	6.1	0.3	0.9	7.1	0.4	9.5	-0.4	0.1	1.0	8.7	0.4
Net Revenue	234.4	82.8	425.6	132.7	156.0	138.6	491.8	300.3	263.0	281.0	344.5	291.4
Cost of Goods Sold	147.0	52.8	316.4	66.4	88.8	90.1	375.1	225.6	175.6	207.2	225.6	212.4
Gross Profit	87.5	30.0	109.2	66.3	67.2	48.4	116.7	74.6	87.4	73.8	118.9	78.9
Financial Income	1.8	1.9	2.5	1.6	3.0	1.3	3.0	1.7	3.1	2.5	6.9	2.7
Financial Expenses	9.8	4.5	7.4	8.4	9.0	4.7	6.0	6.6	7.1	5.0	6.6	7.6
Interest Expense	9.8	4.5	7.4	8.4	9.0	4.7	5.2	6.6	7.1	6.2	6.6	7.6
Share of Associates and Joint Ventures	0.6	—	-0.9	0.7	0.4	0.0	-0.4	0.7	-0.2	-0.1	0.3	0.7
Selling Expenses	11.0	4.3	17.0	7.6	8.2	4.9	9.2	5.7	7.9	7.3	8.9	9.9
General and Administrative Expenses	35.1	16.9	40.6	20.5	28.1	12.5	42.3	29.3	39.4	32.4	31.8	36.6
Operating Profit	33.9	6.2	45.7	32.2	25.3	27.7	61.8	35.3	35.9	31.4	78.8	28.3
Other Income	2.1	3.4	0.7	44.3	0.2	0.1	0.2	3.1	0.4	0.2	0.5	1.5
Other Expenses	1.4	3.3	0.7	42.3	7.7	0.3	5.1	3.6	0.1	0.4	1.3	0.5
Other Profit	0.7	0.1	0.0	2.0	-7.5	-0.2	-4.9	-0.6	0.3	-0.2	-0.8	1.0
Profit Before Tax	34.6	6.3	45.8	34.2	17.8	27.5	57.0	34.8	36.1	31.3	78.0	29.3
Current Income Tax Expense	7.0	1.5	12.5	3.9	6.5	5.4	10.0	5.9	12.1	4.4	13.0	4.6
Deferred Income Tax Expense	0.1	0.1	-2.9	2.8	-0.7	0.5	-0.6	1.1	-1.2	0.4	1.4	1.2
Net Income	27.5	4.8	36.2	27.5	12.0	21.6	47.5	27.8	25.3	26.5	63.6	23.6
Non-controlling Interest	3.0	-2.3	2.5	2.3	4.8	-2.3	-1.0	4.5	-2.0	-2.8	7.4	0.2
Profit Attributable to Parent	24.5	7.0	33.7	25.2	7.3	23.9	48.5	23.3	27.3	29.3	56.2	23.3
Earnings per Share VND per share	151.00	43.00	255.00	208.00	73.00	251.00	499.00	292.00	266.00	278.00	667.00	247.00
Diluted EPS VND per share	151.30	43.38	208.18	155.95	44.90	250.76	509.39	244.68	286.65	307.23	589.60	244.74

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)	4,038.9	3,982.0	4,001.9	4,093.6	4,380.9	4,124.7	4,097.9	3,929.1	3,795.0	3,756.0	3,840.4	3,621.0
I. Cash and cash equivalents	102.9	62.0	92.4	99.3	353.0	21.9	45.0	44.5	29.6	23.4	43.9	22.3
1. Cash	102.9	30.9	89.4	99.3	352.7	21.6	36.7	43.2	28.3	19.4	36.9	18.3
2. Cash equivalents	—	31.1	3.0	—	0.3	0.3	8.3	1.3	1.3	4.0	7.0	4.0
II. Short-term financial investments	0.5	—	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	3.5
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	0.5	—	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	3.5
III. Short-term receivables	525.8	544.1	542.6	556.2	619.3	1,028.8	1,002.3	769.1	739.5	773.6	892.5	833.5
1. Short-term trade accounts receivable	182.7	192.5	214.5	177.7	153.7	200.0	237.1	203.0	190.9	157.2	252.8	130.9
2. Short-term prepayments to suppliers	54.0	41.4	25.0	56.0	156.6	337.4	336.5	85.7	90.3	37.3	36.5	37.8
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	352.5	373.1	365.7	383.1	371.6	565.8	512.1	560.7	534.7	649.1	663.2	732.6
7. Provision for short-term doubtful debts (*)	-63.5	-62.8	-62.7	-60.6	-62.6	-74.3	-83.3	-80.2	-76.4	-70.0	0.0	0.0
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	-60.0	-67.8
IV. Inventories	3,404.9	3,370.6	3,362.5	3,434.7	3,403.6	3,070.8	3,046.1	3,104.3	3,011.8	2,956.3	2,901.4	2,758.2
1. Inventories	3,405.0	3,370.7	3,362.6	3,434.8	3,403.6	3,070.8	3,046.1	3,104.3	3,011.8	2,956.3	2,901.4	2,758.2
2. Provision for decline in value of inventories	-0.1	-0.1	-0.1	-0.1	—	—	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	4.8	5.3	3.8	2.9	4.6	2.7	4.0	10.7	13.5	2.3	2.2	3.6
1. Short-term prepayments	3.0	1.9	0.3	0.9	0.8	1.0	0.3	0.5	0.5	0.5	0.7	0.9
2. Value added tax to be reclaimed	0.9	0.8	0.8	1.1	2.9	1.2	1.2	10.0	12.5	1.4	0.9	2.3
3. Taxes and other receivables from state authorities	0.9	2.6	2.7	0.9	0.8	0.6	2.5	0.2	0.5	0.4	0.5	0.4
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)	994.5	943.3	935.0	930.7	932.0	929.1	937.0	936.4	950.2	957.8	941.2	1,016.8
I. Long-term receivables	0.6	0.1	—	—	—	0.9	3.5	3.5	3.5	3.5	3.5	3.5
1. Long-term trade receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	0.9	0.9	0.9	0.9	0.9	0.9	0.9
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	3.2	2.7	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6
7. Provision for long-term doubtful debts	-2.6	-2.6	-2.6	-2.6	-2.6	-2.6	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	253.3	259.0	240.2	243.6	288.6	292.6	298.0	285.9	121.2	124.0	124.7	127.7
1. Tangible fixed assets	245.3	250.8	235.4	238.5	277.0	281.3	286.4	274.1	107.5	109.9	112.5	115.4
- Cost	341.5	346.6	—	—	—	—	407.3	389.6	207.5	207.7	207.6	211.9
- Accumulated depreciation	-96.2	-95.8	—	—	—	—	-120.9	-115.5	-100.0	-97.8	-95.1	-96.6
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	8.0	8.3	4.8	5.1	11.5	11.3	11.5	11.8	13.7	14.1	12.3	12.4
- Cost	13.0	13.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-4.9	-5.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	324.3	286.6	286.6	281.0	281.0	281.0	281.0	280.7	457.4	459.5	461.3	541.5
- Cost	324.3	286.6	—	—	—	—	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	0.0	0.0
IV. Long-term assets in progress	379.3	356.6	368.2	353.7	309.5	302.4	301.7	312.5	312.0	311.6	299.0	294.6
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	379.3	356.6	368.2	353.7	309.5	302.4	301.7	312.5	312.0	311.6	299.0	294.6
V. Long-term financial investments	17.1	16.1	7.9	16.6	15.9	15.5	15.5	17.9	17.1	17.2	17.4	17.2
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	17.1	16.1	7.9	16.6	15.9	15.5	15.5	17.9	17.1	17.2	17.4	17.2
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	19.9	24.8	32.0	35.8	37.2	36.8	37.4	35.9	39.2	42.1	35.2	32.4
1. Long-term prepayments	19.9	24.8	24.4	31.0	29.7	30.4	30.8	30.2	32.8	37.2	31.1	27.0
2. Deferred income tax assets	—	—	7.6	4.7	7.5	6.4	6.6	5.6	6.4	4.9	4.1	5.4
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)	5,033.4	4,925.3	4,936.9	5,024.4	5,313.0	5,053.8	5,034.9	4,865.5	4,745.2	4,713.8	4,781.6	4,637.8
A. LIABILITIES (300=210+330)	2,987.3	2,889.3	2,908.2	3,013.2	3,332.9	3,565.3	3,558.7	3,438.9	3,342.1	3,307.4	3,390.5	3,307.0
I. Short -term liabilities	2,013.1	1,706.5	1,778.6	1,752.5	1,910.7	2,204.1	2,197.1	2,401.0	2,435.2	2,275.6	1,770.6	1,532.5
1. Short-term trade accounts payable	138.2	123.1	159.2	122.2	135.6	117.5	132.2	145.2	144.6	168.4	232.6	117.5
2. Short-term advances from customers	87.7	92.6	84.4	33.9	68.6	88.0	84.5	73.4	43.8	33.0	22.2	21.3
3. Dividends and profits payable	0.1	3.0	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	11.8	24.6	31.8	24.7	48.7	54.2	46.1	56.7	56.9	41.7	40.0	66.9
4. Payable to employees	60.0	57.4	110.8	61.4	71.3	65.9	82.7	64.8	64.9	66.8	86.0	68.2
5. Short-term acrrued expenses	243.5	236.4	245.3	296.3	295.3	304.8	297.5	309.5	302.6	327.2	283.7	269.9
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	4.7	6.8	6.4	6.4	5.8	5.0	4.0	6.5	5.2	3.5	4.0	5.6
9. Other short-term payables	289.9	291.4	288.6	315.9	325.6	501.3	466.2	250.3	226.5	243.0	242.3	236.4
10. Short-term borrowings and financial leases	1,172.5	869.6	843.8	881.4	944.3	1,066.0	1,074.3	1,485.7	1,573.5	1,396.2	844.6	720.0
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.1	0.0	0.0	0.0
12.. Bonus and welfare fund	4.7	1.6	8.3	10.4	15.4	1.4	9.5	8.9	17.1	-4.2	15.2	26.7
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	974.2	1,182.8	1,129.5	1,260.7	1,422.2	1,361.2	1,361.7	1,037.9	906.9	1,031.8	1,619.9	1,774.5
1. Long-term trade payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	202.2	275.8	282.7	378.2	387.2	402.8	344.2	412.1	435.2	497.1	638.3	747.9
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	0.9	0.1	0.7	0.7	65.6	84.4	89.4	89.4	91.1	91.1	91.1	89.4
8. Long-term borrowings and financial leases	765.0	901.1	832.7	868.4	956.1	861.0	915.3	523.9	368.5	431.8	880.9	927.6
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	6.0	5.9	13.4	13.4	13.4	13.0	12.8	12.5	12.1	11.8	9.7	9.6
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)	2,046.1	2,036.0	2,028.7	2,011.2	1,980.1	1,488.5	1,476.2	1,426.7	1,403.1	1,406.4	1,391.1	1,330.8
I. Owner's equity	2,046.1	2,036.0	2,028.7	2,011.2	1,980.1	1,488.5	1,476.2	1,426.7	1,403.1	1,406.4	1,391.1	1,330.8
1. Owner's capital	1,618.1	1,618.1	1,618.1	1,618.1	1,618.1	952.6	952.6	952.6	952.6	952.6	952.6	952.6
- Common stock with voting right VND per share	1,618,075,260,000.00	1,618,075,260,000.00	1,618,075,260,000.00	1,618,075,260,000.00	1,618,075,260,000.00	952,593,610,000.00	952,593,610,000.00	952,593,610,000.00	952,593,610,000.00	952,593,610,000.00	952,593,610,000.00	952,593,610,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	59.2	59.2	59.2	59.2	59.2	35.6	35.6	35.6	35.6	35.6	35.6	35.6
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	3.0	2.8	4.0	2.7	2.7	2.4	4.0	3.1	3.1	3.3	3.6	2.6
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	69.1	65.4	65.4	64.4	64.3	57.5	57.5	56.9	56.9	49.4	49.4	49.1
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	269.9	263.2	247.0	226.3	196.5	406.0	387.9	340.8	320.1	326.2	295.1	240.7
- Accumulated retained earning at the end of the previous period	232.8	254.3	134.5	159.8	161.7	385.6	273.5	271.6	272.7	308.2	144.5	147.1
- Undistributed earnings in this period	37.0	8.8	112.5	66.4	34.8	20.5	114.4	69.2	47.3	18.0	150.5	93.6
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	26.9	27.2	35.0	40.5	39.3	34.3	38.5	37.6	34.7	39.3	54.8	50.2
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)	5,033.4	4,925.3	4,936.9	5,024.4	5,313.0	5,053.8	5,034.9	4,865.5	4,745.2	4,713.8	4,781.6	4,637.8

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	34.6	6.3	47.0	34.2	17.7	27.5	57.0	34.8	35.4	31.3	67.3	29.3
Depreciation of Fixed Assets and Investment Property	4.4	4.5	4.7	4.4	4.7	5.5	5.8	3.9	3.0	7.3	8.8	1.5
Provision (Increase)/Reversal	10.4	-0.4	-2.9	3.2	-13.5	-8.7	3.4	9.0	4.7	2.7	0.9	4.2
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-3.2	-5.2	3.5	-6.0	2.2	-2.2	-5.0	-4.3	-0.1	-0.8	1.5	0.1
Interest Expense	9.8	4.5	7.2	7.9	9.8	4.3	8.1	2.7	-1.5	14.0	10.6	2.6
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	—	-0.3	—	—	—	—	0.0	0.0	0.0	0.0	0.1	-0.1
Operating Profit Before Changes in Working Capital	56.4	9.6	59.5	43.7	20.8	26.3	69.2	46.1	41.4	54.4	89.1	37.6
Increase/(Decrease) in Receivables	-52.2	80.9	-196.9	276.1	11.6	133.4	-378.0	91.2	27.8	134.7	-2.5	173.8
Increase/(Decrease) in Inventory	-36.2	-6.4	-203.3	222.6	-56.7	-15.6	81.1	-53.6	-240.5	88.3	-158.4	114.6
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-27.3	-175.7	320.0	-527.4	-47.8	-97.7	53.3	-61.7	-215.9	5.6	-254.8	-98.6
Increase/(Decrease) in Prepaid Expenses	-3.6	1.3	5.2	0.8	0.3	0.2	-105.3	101.5	3.2	-2.1	-2.1	-3.4
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-9.8	-4.5	-10.1	-5.1	21.3	-35.0	80.1	-45.1	40.5	-120.8	97.9	-36.8
Corporate Income Tax Paid	-20.4	-2.4	1.5	-28.6	-5.1	-5.0	-30.5	-1.0	-0.2	-1.3	-31.3	-0.0
Other Operating Receipts	-0.0	0.8	—	—	—	—	0.0	-0.1	0.1	0.0	0.0	0.0
Other Operating Payments	-9.4	-12.9	-2.3	-7.1	3.0	-26.3	-75.7	-6.6	53.7	-79.7	72.2	-86.2
Net Cash Flow from Operating Activities	-102.6	-109.3	-33.6	-16.8	-52.4	-19.6	-305.8	70.8	-289.8	79.1	-189.7	100.9
Payments for Fixed Assets and Other Long-term Assets	-28.2	-0.7	-42.6	-1.1	-28.4	-0.1	12.2	-4.1	98.5	-111.2	59.0	-104.5
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	0.0	42.2	0.3	—	-0.3	-0.1	-0.4	0.2	-0.0	2.8	-2.0
Loans and Purchases of Debt Instruments	—	-1.5	9.1	-13.9	—	—	0.0	6.0	-6.0	0.0	-3.0	3.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	24.9	4.8	—	—	0.0	-3.0	3.0	0.0	14.2	-14.2
Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	18.4	-18.4
Proceeds from Investments in Other Entities	—	—	-5.8	3.6	—	3.2	1.4	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	14.5	1.4	-12.4	12.1	-1.9	2.6	13.9	0.9	1.2	1.3	-4.1	3.9
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	-12.2	-0.8	43.0	-20.3	-33.2	5.3	27.5	-0.6	96.9	-109.9	87.3	-132.2
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	-15,637,400,000.00	15,637,400,000.00
Share Repurchases VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	456.4	246.3	300.1	391.0	308.2	286.1	1,328.4	219.8	131.2	484.5	1,624.2	-1,038.2
Repayment of Borrowings	-300.2	-166.6	-308.0	-607.0	-389.2	-294.3	-1,048.1	-270.5	70.8	-470.9	-213.7	-216.0
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-0.7	—	1.0	-0.5	-0.9	-0.5	-1.5	-4.6	-2.9	-0.3	-0.8	-1.4
Other Financing Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	-1,273.0	1,273.0
Other Financing Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	155.6	79.8	-16.3	-216.6	416.7	-8.8	278.8	-55.3	199.1	13.3	121.0	33.0
Net Cash Flow During the Period	40.8	-30.4	-6.9	-253.7	331.1	-23.1	0.5	14.9	6.2	-17.5	18.6	1.8
Cash and Cash Equivalents at Beginning of Period	62.0	92.4	99.3	353.0	21.9	44.9	40.9	40.9	40.9	40.9	67.5	67.5
FX Difference from Revaluation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	102.9	62.0	92.4	99.3	353.0	21.9	45.0	44.5	29.6	23.4	40.9	22.3

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Where does this stock stand
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How much does this stock
contribute to the portfolio?

Is the portfolio
well balanced?

What other opportunities
or risks may be present?