CSM · CTCP Công nghiệp Cao su Miền Nam

Báo cáo tài chính gốc theo dòng/kỳ (KQKD · Cân đối · Lưu chuyển tiền tệ).

Item	2025	2024	2023	2022	2021
Revenue	4,506.8	5,001.5	5,497.6	5,559.8	4,963.9
Revenue Deductions	363.9	289.4	262.7	239.2	0.0
Net Revenue	4,142.9	4,712.2	5,234.9	5,320.6	4,839.5
Cost of Goods Sold	3,609.7	4,087.2	4,677.7	4,731.1	0.0
Gross Profit	533.2	625.0	557.2	589.6	550.1
Financial Income	45.8	84.0	51.5	44.7	23.4
Financial Expenses	88.3	128.6	159.8	187.1	-123.6
Interest Expense	69.6	95.8	152.7	114.7	-109.3
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	0.0
Selling Expenses	196.2	213.8	200.1	173.7	-208.4
General and Administrative Expenses	223.2	295.7	186.4	166.0	-173.3
Operating Profit	71.4	71.0	62.4	107.4	68.1
Other Income	14.9	18.3	8.8	14.0	0.0
Other Expenses	25.0	0.2	1.0	19.7	0.0
Other Profit	-10.1	18.1	7.8	-5.7	-12.9
Profit Before Tax	61.3	89.1	70.2	101.7	55.2
Current Income Tax Expense	24.2	12.4	11.7	20.0	-13.0
Deferred Income Tax Expense	-5.4	4.7	-1.9	2.5	0.0
Net Income	42.6	72.1	60.4	79.2	42.2
Non-controlling Interest	—	0.0	0.0	0.0	0.0
Profit Attributable to Parent	42.6	72.1	60.4	79.2	42.2
Earnings per Share	411.00	433.00	384.00	554.00	406.91
Diluted EPS	410.65	695.49	582.62	764.14	406.91

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	2,965.0	2,907.8	2,862.6	3,012.4	2,804.2
I. Cash and cash equivalents	575.0	473.3	289.7	28.1	78.9
1. Cash	496.7	473.3	289.7	28.1	0.0
2. Cash equivalents	78.3	0.0	0.0	0.0	0.0
II. Short-term financial investments	219.8	0.0	0.0	0.0	0.0
1. Available for sale securities	—	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0	0.0
3. Held to maturity investments	219.8	0.0	0.0	0.0	0.0
III. Short-term receivables	668.2	775.7	889.0	779.0	885.1
1. Short-term trade accounts receivable	524.9	758.2	840.3	621.3	0.0
2. Short-term prepayments to suppliers	159.2	77.2	40.2	136.3	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	16.4	28.1	35.1	48.8	0.0
7. Provision for short-term doubtful debts (*)	-32.3	-87.8	-26.5	-27.5	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	1,323.3	1,220.5	1,313.3	1,879.2	1,648.4
1. Inventories	1,323.3	1,220.5	1,313.3	1,879.2	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	178.5	438.3	370.5	326.1	191.8
1. Short-term prepayments	7.8	2.2	2.3	4.1	0.0
2. Value added tax to be reclaimed	161.0	422.0	357.1	312.8	0.0
3. Taxes and other receivables from state authorities	9.8	14.1	11.1	9.2	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)	857.4	907.4	1,021.7	1,191.8	1,350.2
I. Long-term receivables	0.0	1.0	1.0	9.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	9.0
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	1.0	1.0	9.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	742.6	823.8	946.7	1,097.5	1,280.5
1. Tangible fixed assets	663.6	716.0	833.3	902.3	1,069.1
- Cost	3,371.8	3,281.1	3,213.8	3,038.0	0.0
- Accumulated depreciation	-2,708.2	-2,565.2	-2,380.5	-2,135.7	0.0
2. Financial leased fixed assets	—	26.2	29.7	109.0	122.9
- Cost	—	41.1	41.1	166.3	0.0
- Accumulated depreciation	—	-14.9	-11.5	-57.4	0.0
3. Intangible fixed assets	79.0	81.6	83.8	86.2	88.6
- Cost	117.7	117.7	114.9	114.9	0.0
- Accumulated depreciation	-38.7	-36.1	-31.1	-28.7	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	92.4	42.3	17.0	21.4	8.0
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	92.4	42.3	17.0	21.4	0.0
V. Long-term financial investments	7.0	7.0	6.3	6.3	6.3
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	9.7	9.7	9.7	0.0
3. Investments in other entities	9.7	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	-2.7	-2.7	-3.4	-3.4	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	15.4	33.3	50.9	57.7	0.0
1. Long-term prepayments	15.4	33.3	50.9	57.7	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	46.4
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)	3,822.3	3,815.3	3,884.3	4,204.2	4,154.4
A. LIABILITIES (300=210+330)	2,458.2	2,455.1	2,560.1	2,902.8	2,845.3
I. Short -term liabilities	2,392.3	2,384.7	2,458.4	2,751.3	2,612.8
1. Short-term trade accounts payable	265.4	265.0	341.1	336.5	283.0
2. Short-term advances from customers	36.3	14.8	18.6	57.2	99.7
3. Taxes and other payables to state authorities	—	2.2	4.4	6.3	0.0
4. Payable to employees	129.3	95.4	83.5	71.4	0.0
5. Short-term acrrued expenses	143.3	120.6	83.5	73.3	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	10.7	9.0	18.3	54.5	0.0
10. Short-term borrowings and financial leases	1,796.2	1,868.0	1,900.0	2,142.6	2,056.1
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	11.0	9.6	8.9	9.5	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	65.9	70.4	101.7	151.5	232.4
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	11.9	16.2	14.2	12.4	0.0
8. Long-term borrowings and financial leases	54.0	48.7	86.7	136.5	220.8
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	5.4	0.8	2.7	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)	1,364.2	1,360.2	1,324.2	1,301.4	1,309.1
I. Owner's equity	1,364.2	1,360.2	1,324.2	1,301.4	0.0
1. Owner's capital	1,036.3	1,036.3	1,036.3	1,036.3	1,309.1
- Common stock with voting right	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00
- Preferred stock	—	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	-12,050,000.00	-12,050,000.00	-12,050,000.00	-12,050,000.00	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	233.6	212.0	193.9	178.0	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	94.3	112.0	94.1	87.2	103.2
- Accumulated retained earning at the end of the previous period	51.8	39.9	33.7	8.0	61.2
- Undistributed earnings in this period	42.6	72.1	60.4	79.2	42.0
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)	3,822.3	3,815.3	3,884.3	4,204.2	4,154.4

Item	2025	2024	2023	2022	2021
Profit Before Tax	61.3	89.1	70.2	101.7	55.2
Depreciation of Fixed Assets and Investment Property	156.3	193.1	201.3	214.5	209.0
Provision (Increase)/Reversal	-55.5	60.5	-1.0	-1.8	0.0
FX Gain/Loss from Revaluation of Monetary Items	2.2	-27.2	-3.9	39.3	0.0
Gain/Loss from Investment Activities	-8.3	-34.5	-19.7	-25.8	0.0
Interest Expense	69.6	95.8	152.7	114.7	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	225.6	376.8	399.6	442.6	337.1
Increase/(Decrease) in Receivables	428.3	3.7	-147.2	-25.8	0.0
Increase/(Decrease) in Inventory	-102.8	92.8	565.9	-230.8	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	70.4	-41.1	-45.3	5.2	0.0
Increase/(Decrease) in Prepaid Expenses	12.3	17.7	8.6	-12.9	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-69.6	-95.8	-152.7	-114.7	0.0
Corporate Income Tax Paid	-20.9	-17.9	-13.6	-24.7	0.0
Other Operating Receipts	—	18.3	8.8	5.2	0.0
Other Operating Payments	-6.1	-5.0	-7.2	-2.0	0.0
Net Cash Flow from Operating Activities	537.3	349.4	617.0	42.0	-341.2
Payments for Fixed Assets and Other Long-term Assets	-130.3	-95.5	-46.1	-44.8	-14.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	5.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	-219.8	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	0.0	0.0	0.0	0.0
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	9.0	16.2	10.9	20.6	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	-336.2	-79.3	-35.2	-24.2	9.2
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	3,543.5	3,623.6	4,269.3	5,061.6	4,970.8
Repayment of Borrowings	-3,606.1	-3,684.1	-4,547.5	-5,071.9	-4,675.9
Repayment of Finance Leases	-3.8	-9.6	-14.1	-26.8	-31.0
Dividends Paid	-31.1	-31.1	-31.1	-31.1	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	-97.6	-101.1	-323.4	-68.2	263.9
Net Cash Flow During the Period	103.5	169.0	258.5	-50.4	-132.4
Cash and Cash Equivalents at Beginning of Period	473.3	289.7	28.1	78.9	152.9
FX Difference from Revaluation	-1.7	14.7	3.0	-0.4	-5.9
Cash and Cash Equivalents at End of Period	575.0	473.3	289.7	28.1	78.9

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	1,227.5	1,192.9	1,018.8	1,131.1	1,197.3	1,103.0	1,260.8	1,189.2	1,333.0	1,218.5	1,353.0	1,423.7
Revenue Deductions	79.3	87.6	87.6	103.3	91.3	81.7	68.4	81.7	67.9	71.4	74.2	71.0
Net Revenue	1,148.2	1,105.3	931.2	1,027.7	1,106.0	1,021.3	1,192.4	1,107.5	1,265.1	1,147.2	1,278.7	1,352.7
Cost of Goods Sold	973.0	962.2	807.7	897.2	954.6	900.6	1,055.1	966.8	1,065.7	999.6	1,095.1	1,184.4
Gross Profit	175.2	143.1	123.5	130.6	151.4	120.6	137.3	140.7	199.4	147.5	183.6	168.3
Financial Income	10.2	9.5	9.5	11.2	15.2	10.0	32.8	8.3	41.1	1.9	15.1	15.7
Financial Expenses	34.4	25.5	27.8	22.3	16.5	20.5	29.9	40.7	26.9	31.1	37.4	39.6
Interest Expense	28.2	18.5	19.6	18.8	12.4	17.8	24.0	19.0	23.3	29.5	35.4	37.9
Share of Associates and Joint Ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	79.2	35.3	55.2	28.1	59.9	37.0	50.8	23.5	92.9	46.6	71.3	56.9
General and Administrative Expenses	46.7	63.3	49.9	60.5	67.1	57.0	74.3	66.7	97.5	57.1	66.2	66.4
Operating Profit	25.1	28.5	0.1	30.9	23.0	16.0	15.1	18.1	23.2	14.6	23.8	21.1
Other Income	2.6	4.2	10.0	1.3	2.2	1.4	2.5	3.4	3.2	9.1	2.8	2.4
Other Expenses	0.0	0.1	22.8	2.1	—	—	0.0	0.0	0.0	0.1	0.0	0.1
Other Profit	2.5	4.0	-12.8	-0.9	2.2	1.4	2.5	3.4	3.2	9.0	2.8	2.3
Profit Before Tax	27.7	32.5	-12.7	30.0	25.2	17.5	17.6	21.5	26.4	23.6	26.6	23.4
Current Income Tax Expense	4.8	6.5	0.4	6.0	2.4	2.0	0.0	3.6	-0.2	4.7	4.5	2.5
Deferred Income Tax Expense	—	—	—	-2.6	1.1	-3.9	4.8	-4.8	5.5	-0.8	-1.4	1.9
Net Income	22.9	26.0	-13.2	26.6	21.7	19.4	12.8	22.7	21.1	19.7	23.5	19.0
Non-controlling Interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	22.9	26.0	-13.2	26.6	21.7	19.4	12.8	22.7	21.1	19.7	23.5	19.0
Earnings per Share	221.10	251.11	-127.09	256.72	209.18	187.51	123.58	219.16	203.84	189.84	227.06	183.74
Diluted EPS	221.10	251.11	-127.09	256.72	209.18	187.51	123.58	219.16	203.84	189.84	227.06	183.74

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)	2,906.7	2,832.6	3,031.5	3,038.9	2,530.3	2,433.3	2,910.2	3,067.8	2,909.0	2,765.0	2,856.2	2,805.8
I. Cash and cash equivalents	330.5	242.5	496.7	563.7	331.2	139.8	473.3	356.7	341.0	145.1	289.7	125.6
1. Cash	330.5	164.0	496.7	563.7	331.2	139.8	473.3	356.7	341.0	145.1	289.7	125.6
2. Cash equivalents	—	78.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	173.5	334.6	298.2	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Available for sale securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Held to maturity investments	173.5	334.6	298.2	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	901.9	759.4	688.6	847.1	780.7	757.4	775.2	943.5	1,140.9	1,043.2	887.3	997.8
1. Short-term trade accounts receivable	677.1	580.4	468.3	748.1	742.1	734.9	758.2	840.1	1,034.4	920.0	840.3	949.5
2. Short-term prepayments to suppliers	232.4	193.1	232.8	140.6	97.0	82.0	76.8	115.6	100.9	111.5	39.8	40.8
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	21.3	14.8	16.4	29.3	28.5	28.1	28.0	27.4	45.5	38.3	33.8	35.2
7. Provision for short-term doubtful debts (*)	-28.9	-28.9	-28.9	-70.9	-86.9	-87.6	-87.8	-39.6	-39.8	-26.5	-26.5	-27.7
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	1,268.0	1,298.1	1,366.4	1,135.2	959.7	1,092.5	1,220.5	1,343.5	1,048.0	1,200.7	1,313.3	1,328.9
1. Inventories	1,268.0	1,298.1	1,366.4	1,135.2	959.7	1,092.5	1,220.5	1,343.5	1,048.0	1,200.7	1,313.3	1,328.9
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	232.7	198.0	181.6	493.0	458.7	443.6	441.2	424.1	379.0	375.9	366.0	353.5
1. Short-term prepayments	6.0	5.2	7.8	6.3	1.7	1.3	2.2	4.2	3.1	3.1	2.3	4.3
2. Value added tax to be reclaimed	216.1	184.0	158.1	478.9	444.4	428.1	422.0	406.3	363.2	362.1	355.3	338.0
3. Taxes and other receivables from state authorities	10.7	8.8	15.8	7.8	12.6	14.2	17.0	13.6	12.8	10.7	8.3	11.1
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)	854.3	863.8	792.8	811.5	826.6	864.3	907.4	928.1	976.3	1,005.1	1,021.7	1,052.1
I. Long-term receivables	0.0	0.0	0.0	0.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
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	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	739.4	742.7	742.6	725.6	756.0	786.4	823.8	836.9	878.7	922.0	946.7	969.9
1. Tangible fixed assets	661.7	664.4	663.6	646.1	651.4	680.4	716.0	727.4	767.6	807.8	833.3	855.0
- Cost	3,425.7	3,400.4	—	—	—	—	3,281.1	3,246.6	3,241.9	3,233.6	3,213.8	3,186.0
- Accumulated depreciation	-2,764.0	-2,736.0	—	—	—	—	-2,565.2	-2,519.2	-2,474.3	-2,425.8	-2,380.5	-2,331.0
2. Financial leased fixed assets	—	—	—	—	24.5	25.4	26.2	27.1	28.0	28.8	29.7	30.5
- 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	77.8	78.4	79.0	79.6	80.0	80.6	81.6	82.4	83.2	85.4	83.8	84.4
- Cost	117.7	117.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-39.9	-39.3	—	—	—	—	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	88.9	92.5	26.1	59.0	42.1	41.4	42.3	46.7	47.3	27.5	17.0	18.8
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	88.9	92.5	26.1	59.0	42.1	41.4	42.3	46.7	47.3	27.5	17.0	18.8
V. Long-term financial investments	8.7	8.7	8.7	8.7	8.1	8.1	7.0	7.0	7.0	7.0	6.3	6.3
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7	9.7
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	-1.0	-1.0	-1.0	-1.0	-1.5	-1.5	-2.7	-2.7	-2.7	-2.7	-3.4	-3.4
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	17.3	19.8	15.4	18.2	19.4	27.3	33.3	36.5	42.3	47.6	50.9	56.1
1. Long-term prepayments	17.3	19.8	15.4	18.2	19.4	27.3	33.3	36.5	42.3	47.6	50.9	56.1
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)	3,761.0	3,696.5	3,824.3	3,850.5	3,356.9	3,297.6	3,817.7	3,995.9	3,885.2	3,770.0	3,878.0	3,857.9
A. LIABILITIES (300=210+330)	2,352.5	2,306.3	2,454.3	2,467.3	1,994.2	1,918.0	2,453.2	2,644.3	2,556.3	2,426.1	2,552.2	2,555.6
I. Short -term liabilities	2,223.0	2,201.2	2,388.4	2,417.5	1,930.5	1,855.6	2,382.9	2,570.9	2,463.6	2,333.9	2,450.4	2,447.5
1. Short-term trade accounts payable	145.0	197.5	263.5	277.4	342.6	452.0	264.6	336.8	511.3	270.4	340.7	351.4
2. Short-term advances from customers	32.2	39.7	36.3	31.1	22.2	21.0	14.8	25.0	31.3	26.0	18.6	21.3
3. Dividends and profits payable	3.0	3.0	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	4.7	2.7	—	9.9	4.8	5.3	0.9	7.0	3.7	2.6	0.2	6.0
4. Payable to employees	66.9	77.8	129.3	112.7	91.7	76.7	95.4	117.5	100.3	65.7	81.5	55.2
5. Short-term acrrued expenses	143.6	118.8	141.3	176.2	157.9	125.0	120.6	148.3	178.6	99.2	83.5	77.9
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	11.5	6.7	10.7	9.9	8.0	8.3	8.9	23.7	38.6	14.6	17.0	18.6
10. Short-term borrowings and financial leases	1,804.8	1,747.2	1,796.2	1,789.1	1,291.8	1,162.9	1,868.0	1,901.7	1,587.2	1,847.5	1,900.0	1,907.6
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	11.2	7.6	11.0	11.2	11.5	4.5	9.6	11.0	12.6	7.9	8.9	9.5
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	129.5	105.1	65.9	49.8	63.7	62.4	70.4	73.4	92.7	92.3	101.7	108.2
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	12.7	11.9	11.9	11.9	15.1	16.2	16.2	16.2	16.2	15.2	14.2	13.2
8. Long-term borrowings and financial leases	116.8	93.2	54.0	37.8	45.9	44.6	48.7	56.5	71.0	77.1	86.7	92.7
9. Convertible bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	—	—	—	2.6	1.5	5.4	0.7	5.5	0.0	0.8	2.2
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)	1,408.4	1,390.2	1,370.0	1,383.2	1,362.7	1,379.6	1,364.4	1,351.6	1,328.9	1,343.9	1,325.8	1,302.3
I. Owner's equity	1,408.4	1,390.2	1,370.0	1,383.2	1,362.7	1,379.6	1,364.4	1,351.6	1,328.9	1,343.9	1,325.8	1,302.3
1. Owner's capital	1,036.3	1,036.3	1,036.3	1,036.3	1,036.3	1,036.3	1,036.3	1,036.3	1,036.3	1,036.3	1,036.3	1,036.3
- Common stock with voting right	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00	1,036,264,670,000.00
- Preferred stock	—	—	—	—	—	—	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	-12,050,000.00	-12,050,000.00	-12,050,000.00	-12,050,000.00	-12,050,000.00	-12,050,000.00	-12,050,000.00	-12,050,000.00	-12,050,000.00	-12,050,000.00	-12,050,000.00	-12,050,000.00
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	254.9	233.6	233.6	233.6	233.6	212.0	212.0	212.0	212.0	193.9	193.9	193.9
9. Fund to support corporate restructuring	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	117.3	120.3	100.1	113.3	92.9	131.4	116.2	103.4	80.7	113.8	95.7	72.2
- Accumulated retained earning at the end of the previous period	68.4	51.8	51.8	51.8	51.8	112.0	39.9	39.9	39.9	94.1	33.7	33.7
- Undistributed earnings in this period	48.9	68.6	48.4	61.6	41.1	19.4	76.3	63.5	40.8	19.7	62.0	38.4
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)	3,761.0	3,696.5	3,824.3	3,850.5	3,356.9	3,297.6	3,817.7	3,995.9	3,885.2	3,770.0	3,878.0	3,857.9

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	27.7	32.5	-12.6	30.0	26.4	17.5	17.6	21.5	26.4	23.6	24.6	23.4
Depreciation of Fixed Assets and Investment Property	28.6	28.5	40.9	37.3	39.0	39.1	47.6	46.6	51.5	47.3	-2.2	103.9
Provision (Increase)/Reversal	-0.1	-5.1	-37.0	0.8	-18.0	-1.3	48.1	-0.2	12.5	0.0	-0.8	-0.7
FX Gain/Loss from Revaluation of Monetary Items	1.2	-5.5	16.5	-2.1	-4.7	-7.6	-38.3	-31.6	11.7	0.0	12.8	-17.9
Gain/Loss from Investment Activities	-1.4	-2.2	4.0	-7.3	-3.0	-1.9	-15.2	-7.1	-10.8	-11.0	22.6	-38.5
Interest Expense	29.9	18.5	21.3	17.1	12.4	18.9	24.0	19.0	23.3	29.5	35.4	37.9
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	85.8	66.8	33.1	75.8	52.1	64.7	83.8	48.3	114.7	89.5	92.3	108.2
Increase/(Decrease) in Receivables	-168.4	-116.3	539.5	-100.4	-175.2	164.4	111.7	235.7	-399.8	126.6	82.8	-88.3
Increase/(Decrease) in Inventory	30.1	25.2	-188.1	-175.5	132.8	128.0	123.0	-295.5	377.9	-112.6	15.6	258.4
Increase/(Decrease) in Payables (Excl. Interest and CIT)	165.7	-132.6	-30.0	-28.4	110.6	18.1	-147.5	-286.7	414.7	-92.7	27.3	-167.4
Increase/(Decrease) in Prepaid Expenses	1.8	-1.9	1.4	-3.4	-3.3	17.7	17.7	-7.8	5.3	2.4	7.3	1.4
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-29.9	-18.5	-21.3	-17.1	-12.4	-18.9	-24.0	-19.0	6.3	-59.1	-35.4	-37.9
Corporate Income Tax Paid	-6.5	-6.1	-13.5	-3.3	-2.0	-2.2	8.0	-4.5	-2.2	-7.5	-2.5	-4.2
Other Operating Receipts	-4.1	4.2	—	—	—	—	2.5	21.5	3.2	9.1	8.8	-3.6
Other Operating Payments	-1.0	-3.4	-0.1	-0.4	-0.4	-5.2	-2.0	-19.7	-0.2	-1.1	-0.6	30.7
Net Cash Flow from Operating Activities	73.6	-182.6	316.1	-247.7	100.8	368.1	173.3	-327.8	519.8	-45.4	195.7	97.3
Payments for Fixed Assets and Other Long-term Assets	-21.6	-28.8	-96.5	-23.9	-9.2	-0.8	-59.9	25.5	-28.1	-33.1	-25.9	-4.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	5.0	—	—	—	17.3	-17.3	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	-47.0	-114.7	-219.8	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	46.4	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	0.5	2.0	1.6	2.2	2.5	2.7	12.7	3.7	7.6	1.9	-31.4	42.1
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	-68.1	-141.6	-309.7	-21.7	-6.7	1.9	-29.9	11.9	-20.4	-31.3	-57.3	38.1
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Share Repurchases	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	919.3	970.6	963.5	1,204.4	890.0	485.5	722.9	1,305.4	651.8	943.0	1,138.9	953.6
Repayment of Borrowings	-838.0	-980.4	-940.5	-713.9	-758.5	-1,193.2	-760.5	-1,005.4	-912.4	-1,005.2	-1,065.7	-1,122.5
Repayment of Finance Leases	—	—	-0.7	-0.3	-1.3	-1.6	-3.8	0.0	0.0	-5.8	0.0	0.0
Dividends Paid	—	—	-0.0	-0.1	-31.0	—	0.0	0.0	-31.1	0.0	-31.1	31.1
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	81.3	-9.9	22.3	490.2	99.2	-709.2	-41.5	300.0	-291.7	-68.0	42.0	-137.8
Net Cash Flow During the Period	86.8	-334.0	28.6	220.8	193.3	-339.3	102.0	-16.0	207.7	-144.6	180.5	-2.4
Cash and Cash Equivalents at Beginning of Period	242.5	575.0	563.7	331.2	139.8	473.3	289.7	289.7	289.7	289.7	28.1	28.1
FX Difference from Revaluation	1.2	1.5	-1.7	15.5	3.8	5.7	14.7	31.6	-11.7	0.0	-16.5	20.7
Cash and Cash Equivalents at End of Period	330.5	242.5	575.0	563.7	331.2	139.8	473.3	356.7	341.0	145.1	289.7	125.6

Giải mã BCTC

Điểm nhấn trong BCTC của CTCP Công nghiệp Cao su Miền Nam (CSM) mà bạn nên biết

Q2/2026 On a TTM 2026Q2 basis, CSM is declining across multiple metrics versus the same period, suggesting current pressure is not coming from just one side — profit momentum has been slowing across consecutive periods.

There's something worth weighing here — talk to an advisor

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