The financial statements of DRG

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	851.8	1,186.8	969.4	1,195.9	1,323.3
Revenue Deductions	0.1	0.0	0.4	0.0	0.0
Net Revenue	851.7	1,186.8	969.0	1,195.9	1,322.6
Cost of Goods Sold	716.3	892.7	789.4	929.3	0.0
Gross Profit	135.4	294.1	179.6	266.6	323.6
Financial Income	97.6	21.5	18.7	37.9	35.0
Financial Expenses	23.7	31.4	43.0	97.0	-128.2
Interest Expense	22.0	23.0	26.4	34.9	-51.8
Share of Associates and Joint Ventures	62.3	0.6	0.1	0.2	0.1
Selling Expenses	14.9	40.7	49.0	53.7	-54.3
General and Administrative Expenses	54.6	65.9	55.7	59.6	-66.3
Operating Profit	202.1	178.3	50.5	94.3	109.8
Other Income	15.7	14.3	38.2	11.4	0.0
Other Expenses	3.0	35.0	14.6	4.2	0.0
Other Profit	12.7	-20.7	23.6	7.2	69.9
Profit Before Tax	214.8	157.6	74.1	101.5	179.7
Current Income Tax Expense	24.1	36.0	22.1	25.4	-45.5
Deferred Income Tax Expense	-0.1	-0.2	0.0	0.0	0.0
Net Income	190.7	121.8	52.0	76.1	134.2
Non-controlling Interest	0.5	42.8	24.4	26.2	29.1
Profit Attributable to Parent	190.3	78.9	27.7	49.9	105.1
Earnings per Share VND per share	696.00	222.00	164.00	250.00	675.00
Diluted EPS VND per share	696.00	222.00	164.00	250.00	674.87

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	409.8	484.2	348.6	407.2	486.9
I. Cash and cash equivalents	229.9	215.4	122.1	166.3	169.6
1. Cash	88.0	214.3	112.9	114.8	0.0
2. Cash equivalents	141.9	1.1	9.2	51.5	0.0
II. Short-term financial investments	11.2	21.1	29.0	16.0	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	11.2	21.1	29.0	16.0	0.0
III. Short-term receivables	24.7	25.1	34.4	51.9	69.0
1. Short-term trade accounts receivable	26.8	34.5	37.8	44.2	0.0
2. Short-term prepayments to suppliers	13.5	9.6	12.0	16.7	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	6.1	3.4	5.3	6.0	0.0
7. Provision for short-term doubtful debts (*)	-21.7	-22.4	-20.7	-15.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	141.5	212.4	156.1	168.7	220.7
1. Inventories	141.9	212.4	156.9	176.1	0.0
2. Provision for decline in value of inventories	-0.4	-0.0	-0.8	-7.4	0.0
V. Other short-term assets	2.5	10.1	6.9	4.3	7.6
1. Short-term prepayments	0.9	2.2	1.4	0.6	0.0
2. Value added tax to be reclaimed	1.2	7.7	5.3	3.3	0.0
3. Taxes and other receivables from state authorities	0.0	0.2	0.2	0.5	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	0.4	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	2,122.7	2,167.3	2,141.0	2,212.9	2,524.6
I. Long-term receivables	5.0	5.3	6.2	6.3	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	37.8
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	7.7	8.2	8.5	9.0	0.0
6. Other long-term receivables	0.0	0.1	0.1	0.1	0.0
7. Provision for long-term doubtful debts	-2.7	-3.0	-2.4	-2.8	0.0
II. Fixed assets	1,080.0	1,396.0	1,297.4	1,420.9	1,684.2
1. Tangible fixed assets	1,063.7	1,370.9	1,271.0	1,375.0	1,632.5
- Cost	1,964.3	2,577.0	2,336.0	2,447.9	0.0
- Accumulated depreciation	-900.6	-1,206.0	-1,065.0	-1,072.9	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	16.3	25.1	26.4	45.9	51.7
- Cost	18.9	28.1	29.3	48.8	0.0
- Accumulated depreciation	-2.6	-3.0	-2.9	-2.9	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	693.0	718.0	783.2	726.7	736.9
1. Long-term production in progress	—	40.8	5.1	5.1	0.0
2. Construction in progress	693.0	677.3	778.1	721.6	0.0
V. Long-term financial investments	331.0	24.3	29.8	29.9	30.4
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	323.1	7.8	7.3	7.4	0.0
3. Investments in other entities	7.9	16.5	22.5	22.5	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	13.7	23.7	24.4	29.1	0.0
1. Long-term prepayments	13.5	23.4	24.4	29.1	0.0
2. Deferred income tax assets	0.1	0.2	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	0.1	0.0	0.0	0.0	35.4
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)	2,532.5	2,651.5	2,489.6	2,620.1	3,011.6
A. LIABILITIES (300=210+330)	764.6	761.0	785.0	884.7	1,083.4
I. Short -term liabilities	301.2	599.3	601.0	625.8	708.0
1. Short-term trade accounts payable	44.7	23.7	38.2	27.3	20.5
2. Short-term advances from customers	15.4	42.8	16.4	12.0	31.1
3. Taxes and other payables to state authorities	31.2	108.4	96.2	51.3	0.0
4. Payable to employees	82.0	82.8	81.9	117.5	0.0
5. Short-term acrrued expenses	7.3	5.7	8.6	4.7	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	29.2	21.0	14.3	6.2	0.0
9. Other short-term payables	30.2	93.6	87.2	74.0	0.0
10. Short-term borrowings and financial leases	23.7	173.9	213.1	285.7	374.6
11. Provision for short-term liabilities	—	0.0	4.4	0.0	0.0
12.. Bonus and welfare fund	37.6	47.5	40.7	47.2	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	463.4	161.6	184.1	258.9	375.4
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	0.4	0.4	0.4	0.4	1.0
7. Other long-term liabilities	78.1	86.8	87.9	75.9	0.0
8. Long-term borrowings and financial leases	380.9	73.2	94.6	181.4	299.4
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	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0	0.0
13. Fund for technology development	4.1	1.3	1.3	1.3	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	1,767.9	1,890.5	1,704.6	1,735.4	1,928.2
I. Owner's equity	1,767.9	1,890.5	1,704.6	1,735.4	0.0
1. Owner's capital	1,558.0	1,558.0	1,558.0	1,558.0	1,928.2
- Common stock with voting right VND per share	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
5. Treasury shares VND per share	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	-122.5	-238.5	-279.5	-289.4	0.0
8. Investment and development fund	63.9	67.9	56.8	53.0	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	254.4	254.4	173.5	173.3	154.1
- Accumulated retained earning at the end of the previous period	64.2	175.6	145.9	123.4	57.4
- Undistributed earnings in this period	190.3	78.8	27.7	49.9	96.7
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	14.1	248.7	195.8	240.4	271.8
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)	2,532.5	2,651.5	2,489.6	2,620.1	3,011.6

Item	2025	2024	2023	2022	2021
Profit Before Tax	214.8	157.6	74.1	101.5	168.7
Depreciation of Fixed Assets and Investment Property	79.4	118.5	111.2	100.8	152.0
Provision (Increase)/Reversal	-0.5	-2.9	-14.7	6.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	-1.6	-2.9	0.5	22.0	0.0
Gain/Loss from Investment Activities	-97.8	-2.4	-38.9	-5.9	0.0
Interest Expense	22.0	23.0	26.4	34.9	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	216.4	290.9	158.5	259.3	340.0
Increase/(Decrease) in Receivables	-50.9	-36.2	-20.0	17.9	0.0
Increase/(Decrease) in Inventory	-4.7	-91.1	19.2	41.6	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-127.8	63.0	95.9	-26.6	0.0
Increase/(Decrease) in Prepaid Expenses	-1.4	0.2	2.2	2.0	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-22.3	-30.8	-27.7	-36.1	0.0
Corporate Income Tax Paid	-13.1	-16.1	-16.0	-38.0	0.0
Other Operating Receipts	—	0.0	0.0	18.3	0.0
Other Operating Payments	-29.6	-11.9	0.0	0.0	0.0
Net Cash Flow from Operating Activities	-33.5	167.9	212.0	238.4	281.2
Payments for Fixed Assets and Other Long-term Assets	-149.8	-111.1	-162.2	-141.3	-87.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	12.5	12.9	54.3	7.4	68.9
Loans and Purchases of Debt Instruments	-10.4	-10.1	-27.1	0.0	-10.0
Receipts from Loan Repayments and Sale of Debt Instruments	10.8	18.7	14.5	4.0	10.9
Investments in Other Entities	-0.0	0.0	0.0	0.4	0.0
Proceeds from Investments in Other Entities	106.9	64.2	0.0	0.6	0.0
Dividends and Interest Income Received	19.8	37.1	11.5	5.9	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	-10.2	11.6	-108.8	-122.9	-11.1
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	0.00	0.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	418.0	582.7	560.1	558.3	0.0
Repayment of Borrowings	-310.1	-646.0	-701.7	-664.3	423.1
Repayment of Finance Leases	—	0.0	0.0	0.0	-608.5
Dividends Paid	-51.9	-27.2	-7.3	-9.8	-0.6
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	56.0	-90.4	-148.9	-115.7	-186.0
Net Cash Flow During the Period	12.3	89.1	-45.7	-0.2	9.6
Cash and Cash Equivalents at Beginning of Period	215.4	122.1	166.3	165.8	89.9
FX Difference from Revaluation	2.1	4.1	1.6	0.7	-4.5
Cash and Cash Equivalents at End of Period	229.9	215.4	122.1	166.3	169.6

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	195.3	197.0	251.4	228.0	146.0	153.0	341.4	187.6	238.8	343.8	226.3	172.3
Revenue Deductions	—	—	—	—	0.1	—	0.0	0.0	0.0	0.1	0.2	0.0
Net Revenue	195.3	197.0	251.4	228.0	145.9	153.0	341.4	187.6	238.8	343.7	226.1	172.3
Cost of Goods Sold	184.5	178.0	197.4	205.1	125.4	140.7	260.4	163.6	207.0	243.4	214.7	140.2
Gross Profit	10.7	19.0	54.0	23.0	20.5	12.4	81.0	23.9	31.7	100.3	11.4	32.2
Financial Income	0.4	0.6	3.3	21.5	88.4	1.8	13.0	44.6	5.0	5.1	5.6	5.6
Financial Expenses	10.9	8.8	7.7	6.8	2.5	6.6	13.1	47.2	6.2	5.4	11.0	17.8
Interest Expense	10.0	8.4	7.5	6.5	2.2	6.1	11.7	9.6	5.9	2.9	8.1	7.1
Share of Associates and Joint Ventures	30.8	35.3	19.7	17.3	9.6	25.2	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	3.0	2.2	3.4	3.2	2.7	2.0	11.5	7.5	9.0	15.5	12.0	10.0
General and Administrative Expenses	6.2	8.9	30.3	5.6	5.8	9.1	11.2	8.9	9.8	22.9	7.8	11.1
Operating Profit	21.9	35.0	35.5	46.1	107.6	21.7	58.3	5.0	11.6	61.7	-13.8	-1.1
Other Income	1.2	3.5	1.4	9.6	3.2	5.6	2.0	3.0	0.4	6.6	25.8	5.3
Other Expenses	0.4	0.2	0.3	5.5	0.8	0.2	2.2	3.2	2.0	18.8	0.4	0.2
Other Profit	0.8	3.3	1.1	4.1	2.5	5.5	-0.2	-0.2	-1.6	-12.2	25.4	5.1
Profit Before Tax	22.6	38.4	36.6	50.2	110.1	27.2	58.1	4.8	10.0	49.5	11.5	4.0
Current Income Tax Expense	—	2.3	0.8	5.3	9.2	3.1	6.2	3.8	3.6	8.7	2.4	5.5
Deferred Income Tax Expense	0.0	—	-0.1	—	—	0.2	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	22.6	36.1	35.9	44.9	100.9	23.8	51.9	1.0	6.4	40.8	9.1	-1.5
Non-controlling Interest	0.0	0.9	0.6	0.1	-0.0	-0.0	19.5	3.3	6.9	10.8	3.4	2.0
Profit Attributable to Parent	22.6	35.2	35.3	44.7	100.9	23.8	32.3	-2.3	-0.5	30.0	5.6	-3.5
Earnings per Share VND per share	145.00	226.00	91.00	287.00	648.00	153.00	207.00	-15.00	-3.00	192.00	36.00	-22.00
Diluted EPS VND per share	145.00	226.00	91.00	287.00	648.00	153.00	207.00	-15.00	-3.00	192.00	36.00	-22.00

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	315.9	337.8	439.6	361.5	304.4	330.2	372.8	346.8	253.4	353.9	317.9	350.5
I. Cash and cash equivalents	67.3	157.7	88.1	100.1	71.0	201.7	107.0	125.5	72.3	122.1	90.9	80.8
1. Cash	57.2	91.9	88.0	76.9	71.0	199.2	106.9	125.5	63.5	113.0	90.8	77.8
2. Cash equivalents	10.1	65.8	0.1	23.2	0.1	2.5	0.1	0.1	8.8	9.2	0.1	2.9
II. Short-term financial investments	73.9	1.2	153.0	103.9	86.3	11.2	57.3	30.5	21.1	29.0	30.0	35.0
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	73.9	1.2	153.0	103.9	86.3	11.2	57.3	30.5	21.1	29.0	30.0	35.0
III. Short-term receivables	31.4	46.5	55.3	30.5	38.9	27.0	41.6	38.6	51.9	38.2	59.8	66.9
1. Short-term trade accounts receivable	35.8	39.4	26.8	32.6	41.1	34.4	42.2	23.2	49.5	37.8	46.1	50.9
2. Short-term prepayments to suppliers	12.6	14.5	13.5	13.7	12.0	10.1	13.3	17.9	14.7	12.0	21.9	18.5
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	5.3	14.9	36.7	5.9	7.6	4.9	6.7	18.1	8.3	3.5	6.8	12.6
7. Provision for short-term doubtful debts (*)	-22.3	-22.3	-21.7	-21.7	-21.8	-22.4	-20.7	-20.7	-20.7	-15.1	-15.1	-15.1
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	121.3	119.4	141.1	124.9	104.8	86.6	155.1	143.8	102.6	156.1	131.2	163.2
1. Inventories	121.7	119.8	141.5	128.5	104.8	86.7	155.3	144.0	103.4	157.0	138.7	168.5
2. Provision for decline in value of inventories	-0.4	-0.4	-0.4	-3.6	-0.0	-0.0	-0.2	-0.2	-0.8	-0.9	-7.4	-5.3
V. Short-term Biological Assets	17.9	11.2	—	—	—	—	—	—	—	—	—	—
2. Short-term seasonal or single-harvest crops	17.9	11.2	—	—	—	—	—	—	—	—	—	—
V. Other short-term assets	4.1	1.9	2.2	2.2	3.4	3.7	11.9	8.5	5.5	8.5	6.0	4.6
1. Short-term prepayments	1.1	1.4	0.3	0.2	0.3	0.4	2.5	2.5	0.9	1.3	0.3	0.2
2. Value added tax to be reclaimed	0.6	0.5	1.2	1.2	0.4	0.7	7.0	3.1	3.7	5.3	4.0	4.2
3. Taxes and other receivables from state authorities	2.3	0.0	0.3	0.3	0.3	0.0	0.2	0.2	0.2	0.2	0.3	0.2
4. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	0.0	—	0.4	0.6	2.4	2.6	2.2	2.7	0.6	1.7	1.4	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	2,165.7	2,164.2	2,124.6	2,076.8	2,065.4	2,017.3	2,170.1	2,154.6	2,142.6	2,141.6	2,079.0	2,168.5
I. Long-term receivables	4.6	0.0	5.0	5.0	4.9	2.3	5.8	25.2	6.1	6.1	6.4	12.0
1. Long-term trade receivables	—	—	—	—	—	—	0.0	19.3	0.0	0.0	0.0	6.0
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	—	—	2.7	2.7	2.7	5.1	8.2	8.3	8.4	8.5	8.7	8.7
6. Other long-term receivables	7.3	2.7	5.0	5.0	5.0	0.1	0.0	0.0	0.1	0.0	0.1	0.1
7. Provision for long-term doubtful debts	-2.7	-2.7	-2.7	-2.7	-2.8	-2.9	-2.4	-2.4	-2.4	-2.4	-2.4	-2.8
II. Fixed assets	1,228.5	1,254.1	1,080.0	1,067.0	1,081.4	1,005.9	1,394.1	1,340.0	1,298.7	1,297.5	1,302.8	1,404.3
1. Tangible fixed assets	1,212.3	1,237.8	1,063.7	1,051.1	1,065.3	989.2	1,368.7	1,314.6	1,272.4	1,271.1	1,274.6	1,360.5
- Cost	2,151.3	2,150.7	—	—	—	—	2,533.2	2,418.0	2,359.9	2,336.1	2,304.1	2,455.7
- Accumulated depreciation	-939.0	-912.9	—	—	—	—	-1,164.5	-1,103.5	-1,087.5	-1,065.0	-1,029.5	-1,095.2
2. Financial leased fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	16.2	16.3	16.3	15.9	16.1	16.7	25.4	25.4	26.4	26.4	28.2	43.7
- Cost	18.9	18.9	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-2.6	-2.6	—	—	—	—	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	569.3	529.4	693.9	674.8	635.8	673.4	717.0	733.7	782.9	783.5	714.4	691.6
1. Long-term production in progress	—	—	0.4	0.4	6.0	0.2	6.3	6.6	5.7	5.1	5.1	5.6
2. Construction in progress	569.3	529.4	693.4	674.3	629.8	673.3	710.7	727.1	777.2	778.4	709.3	686.0
V. Long-term financial investments	347.8	365.0	331.6	317.4	330.2	322.7	25.9	29.7	29.8	29.8	29.8	29.7
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	339.8	357.1	323.6	309.4	316.7	309.2	7.3	7.2	7.3	7.3	7.2	7.2
3. Investments in other entities	7.9	7.9	7.9	7.9	13.5	13.5	18.6	22.5	22.5	22.5	22.5	22.5
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	15.4	15.7	14.2	12.7	13.1	12.9	27.3	25.9	25.0	24.7	25.6	30.9
1. Long-term prepayments	15.3	15.5	14.0	12.6	13.0	12.8	27.2	25.8	25.0	24.6	25.6	30.9
2. Deferred income tax assets	0.0	0.1	0.1	—	—	—	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	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	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)	2,481.6	2,502.0	2,564.2	2,438.4	2,369.8	2,347.5	2,542.9	2,501.4	2,396.0	2,495.5	2,396.9	2,519.0
A. LIABILITIES (300=210+330)	810.6	692.2	760.6	695.3	642.3	587.6	720.2	771.8	683.6	790.4	761.3	830.3
I. Short -term liabilities	324.9	227.4	295.8	266.5	239.0	226.7	557.3	604.8	510.8	608.0	560.9	579.2
1. Short-term trade accounts payable	52.7	17.2	44.7	41.3	36.2	6.9	50.3	57.7	30.8	38.2	20.8	35.0
2. Short-term advances from customers	12.3	12.5	15.4	18.8	20.4	28.8	19.2	25.1	18.7	18.7	28.8	55.2
3. Dividends and profits payable	28.1	0.0	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	16.6	26.1	27.3	42.9	43.0	28.2	87.0	99.4	94.5	96.2	71.7	65.3
4. Payable to employees	49.0	34.7	81.7	54.2	35.3	12.1	46.4	48.1	29.0	82.2	48.1	50.7
5. Short-term acrrued expenses	8.1	4.7	7.3	4.0	3.4	4.8	3.0	4.2	6.0	8.6	2.5	3.1
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	27.2	30.1	29.2	33.1	22.9	20.3	28.7	16.8	14.4	14.3	26.4	12.3
9. Other short-term payables	32.6	30.6	30.2	32.2	34.1	57.0	81.9	115.6	93.4	86.5	79.7	81.0
10. Short-term borrowings and financial leases	24.0	39.4	22.5	0.3	0.6	43.8	191.0	195.7	186.2	213.1	240.5	231.3
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	9.5	0.0	0.0
12.. Bonus and welfare fund	74.3	32.1	37.6	39.7	43.2	24.8	50.0	42.3	37.8	40.7	42.3	45.2
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	485.7	464.8	464.7	428.8	403.3	360.9	162.9	167.0	172.8	182.4	200.4	251.1
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	0.4	0.4	0.4	0.5	0.4	0.4	0.4	0.5	0.6	0.4	0.6	0.4
7. Other long-term liabilities	63.3	76.5	78.1	78.8	86.0	86.8	88.4	89.7	87.8	86.2	85.6	75.9
8. Long-term borrowings and financial leases	417.9	383.8	382.0	348.3	315.7	272.5	72.9	75.7	83.2	94.6	112.9	173.6
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	—	—	—	—	—	—	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	4.1	4.1	4.3	1.3	1.3	1.3	1.3	1.3	1.3	1.3	1.3	1.3
14. Provision for severance allowances	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	1,670.9	1,809.8	1,803.6	1,743.1	1,727.5	1,759.9	1,822.7	1,729.6	1,712.4	1,705.0	1,635.6	1,688.6
I. Owner's equity	1,670.9	1,809.8	1,803.6	1,743.1	1,727.5	1,759.9	1,822.7	1,729.6	1,712.4	1,705.0	1,635.6	1,688.6
1. Owner's capital	1,558.0	1,558.0	1,558.0	1,558.0	1,558.0	1,558.0	1,558.0	1,558.0	1,558.0	1,558.0	1,558.0	1,558.0
- Common stock with voting right VND per share	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00	1,558,000,000,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	-167.1	-116.6	-122.2	-129.5	-119.4	45.1	-258.1	-281.6	-267.5	-329.9	-350.5	-313.2
8. Investment and development fund	94.6	63.8	63.9	63.8	63.8	47.9	67.8	60.5	56.8	57.3	56.4	57.0
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	172.0	289.6	289.7	237.2	211.5	95.2	214.2	176.2	173.1	191.7	161.7	152.3
- Accumulated retained earning at the end of the previous period	111.1	254.4	93.8	64.2	86.8	71.3	176.9	178.9	173.5	163.6	163.6	165.8
- Undistributed earnings in this period	60.9	35.2	195.9	173.0	124.7	23.8	37.3	-2.8	-0.5	28.0	-1.9	-13.5
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	13.4	15.0	14.3	13.7	13.5	13.7	240.8	216.6	192.0	227.9	209.9	234.4
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)	2,481.6	2,502.0	2,564.2	2,438.4	2,369.8	2,347.5	2,542.9	2,501.4	2,396.0	2,495.5	2,396.9	2,519.0

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Profit Before Tax	22.6	38.4	18.4	50.2	119.0	27.2	58.1	12.7	10.0	51.1	11.5	-5.2
Depreciation of Fixed Assets and Investment Property	17.7	19.2	19.0	23.1	19.4	17.9	37.4	20.8	32.7	27.8	26.0	26.8
Provision (Increase)/Reversal	0.0	0.6	-3.2	-0.1	2.9	-0.1	-0.0	-0.6	0.0	-14.7	1.6	-1.1
FX Gain/Loss from Revaluation of Monetary Items	-0.5	—	-0.0	0.0	-1.6	—	5.3	-4.8	-0.4	65.6	-43.7	-21.8
Gain/Loss from Investment Activities	1.1	-0.3	-116.0	112.9	-88.1	-6.6	20.9	-17.2	13.3	-11.1	-20.3	-21.8
Interest Expense	10.0	8.5	7.0	6.6	2.3	6.1	11.7	5.6	5.9	2.8	8.1	3.2
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	51.0	66.3	-74.8	192.8	54.0	44.4	133.4	16.5	61.5	121.5	-16.8	-19.9
Increase/(Decrease) in Receivables	16.0	-68.2	-3.0	12.5	-20.9	-39.4	1.2	5.9	-17.3	-11.1	4.2	4.4
Increase/(Decrease) in Inventory	-1.8	22.1	-13.0	-13.3	-144.8	166.4	-10.2	-42.2	53.0	-18.3	40.0	-61.5
Increase/(Decrease) in Payables (Excl. Interest and CIT)	59.0	-69.9	-12.7	18.8	103.1	-237.0	-23.6	51.7	-56.3	99.0	-9.6	59.7
Increase/(Decrease) in Prepaid Expenses	0.5	-2.5	-1.6	0.5	-12.8	12.4	2.9	-6.7	-0.1	0.1	3.8	-1.2
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-18.8	—	-10.7	-2.2	-6.0	-3.4	-4.5	-1.6	-10.0	-3.9	-8.4	-27.7
Corporate Income Tax Paid	-6.3	-11.9	-6.3	6.0	17.5	-30.3	-1.7	-5.1	-7.4	-5.7	-2.2	-1.4
Other Operating Receipts	55.2	1.8	—	—	—	—	53.1	-53.9	53.9	-51.1	51.1	-11.6
Other Operating Payments	-217.1	-42.8	22.2	-30.0	-5.8	-16.0	-47.0	25.5	-33.7	10.6	0.0	43.3
Net Cash Flow from Operating Activities	-62.3	-105.2	-99.8	185.1	-15.9	-102.8	103.5	-9.9	43.6	141.0	62.1	-15.8
Payments for Fixed Assets and Other Long-term Assets	-32.8	-13.7	39.9	-144.1	-20.8	-24.8	27.1	-41.1	-9.7	-141.0	22.8	-33.9
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.4	—	10.5	-9.8	11.7	0.1	-1.3	2.2	0.0	2.6	28.2	23.4
Loans and Purchases of Debt Instruments	-97.5	-23.3	-6.8	0.0	22.2	-25.8	-21.0	9.5	-9.5	-13.0	5.0	1.0
Receipts from Loan Repayments and Sale of Debt Instruments	107.2	48.5	7.0	0.1	-6.3	10.0	-2.4	5.4	2.5	14.3	-0.1	19.4
Investments in Other Entities	—	-1.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	-0.2
Proceeds from Investments in Other Entities	-26.0	26.2	98.1	-89.2	-80.6	178.7	54.1	-0.0	0.0	0.0	0.0	-0.0
Dividends and Interest Income Received	1.4	0.7	1.7	14.9	1.9	1.3	21.0	-16.2	18.6	-16.9	25.7	-16.7
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	-46.2	37.5	150.4	-228.1	-71.9	139.4	77.4	-40.2	1.9	-154.0	81.7	-7.0
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	—	-60,257,390,000.00	60,257,390,000.00	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	66.1	1.0	131.1	-41.3	157.1	171.1	42.9	149.1	71.3	201.2	122.0	175.0
Repayment of Borrowings	-47.5	-5.6	-1.3	-0.2	-86.9	-221.6	-192.8	-130.5	-116.5	-176.1	-230.2	-177.6
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-0.0	-0.0	-13.6	—	-38.3	—	7.4	-7.4	0.0	14.6	-21.9	-0.0
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	18.6	-4.6	77.9	-3.2	31.9	-50.5	-202.7	71.4	-45.2	39.7	-130.1	-2.7
Net Cash Flow During the Period	-89.9	-72.3	128.4	-46.3	-55.8	-14.0	-21.8	21.3	0.4	26.6	13.6	-25.5
Cash and Cash Equivalents at Beginning of Period	157.7	229.9	100.1	146.1	201.7	215.4	107.0	122.1	72.3	166.3	166.3	166.3
FX Difference from Revaluation	-0.4	0.1	2.1	0.8	0.5	0.3	-1.1	1.5	-0.4	4.7	-3.5	0.1
Cash and Cash Equivalents at End of Period	67.3	157.7	229.9	100.1	146.1	201.7	107.0	145.0	72.3	122.1	90.9	80.8

From one stock to the whole portfolio

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

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

How much does this stock
contribute to the portfolio?

Its weight and influence across the assets held for investment.

Is the portfolio
well balanced?

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

What other opportunities
or risks may be present?

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

View my portfolio

Where does this stock standamong the rest of your investments?

How much does this stockcontribute to the portfolio?

Is the portfoliowell balanced?

What other opportunitiesor risks may be present?

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

How much does this stock
contribute to the portfolio?

Is the portfolio
well balanced?

What other opportunities
or risks may be present?