The financial statements of HAX

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	4,650.6	5,513.3	3,981.9	6,775.2	5,551.5
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	4,650.6	5,513.3	3,981.9	6,775.2	5,551.5
Cost of Goods Sold	4,295.7	5,001.4	3,705.0	6,302.2	0.0
Gross Profit	354.9	511.9	277.0	473.0	356.7
Financial Income	1.4	0.7	0.6	23.9	0.5
Financial Expenses	37.5	22.8	37.3	29.3	-17.6
Interest Expense	37.5	22.8	37.2	29.2	-17.6
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	221.1	208.1	145.1	143.7	-118.7
General and Administrative Expenses	137.2	103.7	76.2	64.3	-47.8
Operating Profit	-39.5	178.0	19.0	259.7	173.2
Other Income	97.8	80.7	30.0	40.4	0.0
Other Expenses	2.3	0.4	0.8	0.0	0.0
Other Profit	95.5	80.4	29.2	40.4	28.8
Profit Before Tax	56.0	258.4	48.1	300.1	202.0
Current Income Tax Expense	16.9	56.8	13.3	63.8	-48.2
Deferred Income Tax Expense	0.1	-2.0	-2.2	-3.4	0.0
Net Income	39.1	203.6	37.1	239.7	153.7
Non-controlling Interest	33.5	78.6	2.5	0.4	-0.2
Profit Attributable to Parent	5.6	125.0	34.6	239.4	153.9
Earnings per Share VND per share	29.00	1,163.00	375.00	4,204.00	5,062.00
Diluted EPS VND per share	29.00	1,163.00	375.00	3,327.00	3,108.71

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,981.8	1,315.7	1,071.8	1,585.8	935.8
I. Cash and cash equivalents	93.4	261.8	120.2	160.5	87.6
1. Cash	91.4	151.8	107.1	160.5	0.0
2. Cash equivalents	2.0	110.0	13.1	0.0	0.0
II. Short-term financial investments	11.0	3.0	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	11.0	3.0	0.0	0.0	0.0
III. Short-term receivables	353.5	340.3	212.8	259.7	248.7
1. Short-term trade accounts receivable	193.4	123.6	93.8	122.1	0.0
2. Short-term prepayments to suppliers	8.7	77.8	38.0	7.8	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	152.5	139.9	82.1	130.9	0.0
7. Provision for short-term doubtful debts (*)	-1.0	-1.0	-1.1	-1.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	1,457.1	660.8	696.1	1,064.8	581.2
1. Inventories	1,462.6	666.3	702.5	1,070.3	0.0
2. Provision for decline in value of inventories	-5.5	-5.5	-6.3	-5.5	0.0
V. Other short-term assets	66.7	49.8	42.6	100.8	18.4
1. Short-term prepayments	12.2	12.5	5.5	14.6	0.0
2. Value added tax to be reclaimed	53.4	37.2	36.6	85.7	0.0
3. Taxes and other receivables from state authorities	1.2	0.1	0.6	0.5	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)	495.3	1,093.3	934.5	992.9	341.4
I. Long-term receivables	6.6	6.2	4.8	10.6	0.0
1. Long-term trade receivables	—	0.0	0.0	5.7	6.0
2. Long-term prepayments to suppliers	2.5	2.5	2.5	2.5	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	4.1	3.8	2.3	2.4	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	365.6	459.9	381.3	421.7	261.6
1. Tangible fixed assets	328.5	449.1	370.4	410.5	249.7
- Cost	537.9	637.8	549.9	566.8	0.0
- Accumulated depreciation	-209.4	-188.7	-179.5	-156.3	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	37.1	10.7	10.9	11.2	12.0
- Cost	45.1	18.6	18.6	18.7	0.0
- Accumulated depreciation	-8.0	-7.9	-7.7	-7.5	0.0
III. Investment properties	—	541.9	469.2	469.2	0.0
- Cost	—	541.9	469.2	469.2	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	30.5	1.9	1.2	1.2	32.6
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	30.5	1.9	1.2	1.2	0.0
V. Long-term financial investments	—	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	0.0	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	92.7	83.5	78.0	90.1	0.0
1. Long-term prepayments	20.8	30.6	13.6	15.7	0.0
2. Deferred income tax assets	3.6	3.7	4.2	3.1	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	41.2
5. Goodwill	68.2	49.2	60.2	71.3	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	2,477.1	2,409.0	2,006.3	2,578.7	1,277.2
A. LIABILITIES (300=210+330)	1,109.0	918.3	842.3	1,609.7	567.2
I. Short -term liabilities	1,108.5	917.7	839.4	1,425.1	563.2
1. Short-term trade accounts payable	61.2	99.3	44.7	76.9	26.0
2. Short-term advances from customers	38.7	63.3	54.9	120.9	287.3
3. Taxes and other payables to state authorities	21.9	45.6	10.6	31.0	0.0
4. Payable to employees	27.1	30.0	18.5	26.3	0.0
5. Short-term acrrued expenses	2.9	1.5	1.2	7.4	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	1.3	0.0
9. Other short-term payables	5.6	8.0	9.5	9.3	0.0
10. Short-term borrowings and financial leases	950.7	669.7	699.6	1,151.6	195.7
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.5	0.4	0.4	0.4	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	0.5	0.5	2.9	184.6	4.0
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	0.2	0.2	0.3	1.0	0.0
8. Long-term borrowings and financial leases	—	0.0	0.0	0.0	0.0
9. Convertible bonds	—	0.0	0.0	179.9	0.0
10. Preferred stock (Debts) VND per share	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	0.3	0.3	2.5	3.6	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)	1,368.1	1,490.7	1,164.0	968.9	710.0
I. Owner's equity	1,368.1	1,490.7	1,164.0	968.9	0.0
1. Owner's capital	1,074.4	1,074.4	934.3	569.4	710.0
- Common stock with voting right VND per share	1,074,396,810,000.00	1,074,396,810,000.00	934,275,650,000.00	569,434,340,000.00	495,169,820,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	—	0.0	30.5	0.5	0.5
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	—	0.0	0.0	0.0	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	25.2	129.0	150.2	352.4	212.1
- Accumulated retained earning at the end of the previous period	19.6	4.0	115.6	113.1	52.0
- Undistributed earnings in this period	5.6	125.0	34.6	239.4	160.1
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	268.5	287.3	49.0	46.5	2.2
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	—	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	2,477.1	2,409.0	2,006.3	2,578.7	1,277.2

Item	2025	2024	2023	2022	2021
Profit Before Tax	56.0	258.4	48.1	300.1	202.0
Depreciation of Fixed Assets and Investment Property	68.8	56.6	61.5	37.2	39.2
Provision (Increase)/Reversal	—	-0.9	0.9	1.4	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-13.8	-7.8	-8.8	-49.6	0.0
Interest Expense	37.5	22.8	37.3	29.3	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	148.5	329.1	139.1	318.3	239.5
Increase/(Decrease) in Receivables	-60.5	-128.3	100.7	-50.1	0.0
Increase/(Decrease) in Inventory	-209.4	36.2	367.8	-762.3	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-122.1	191.7	-112.6	-74.6	0.0
Increase/(Decrease) in Prepaid Expenses	17.4	-22.8	11.3	-12.7	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-37.5	-22.8	-37.2	-22.3	0.0
Corporate Income Tax Paid	-45.3	-20.2	-35.7	-61.0	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-2.5	0.0	-0.4	0.0	0.0
Net Cash Flow from Operating Activities	-311.2	362.8	433.0	-664.8	335.9
Payments for Fixed Assets and Other Long-term Assets	-254.8	-367.2	-401.5	-705.2	-396.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	253.6	209.7	401.7	309.2	353.9
Loans and Purchases of Debt Instruments	-8.0	-3.0	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	1.4	0.7	0.6	22.8	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	-7.9	-159.8	0.8	-373.2	-42.3
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	14,000,000,000.00	0.00	16,789,595,000.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	3,960.7	4,139.6	2,965.3	4,920.4	4,225.2
Repayment of Borrowings	-3,679.7	-4,169.5	-3,417.4	-3,784.8	-4,529.5
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-130.2	-31.5	-36.0	-24.8	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	150.8	-61.4	-474.0	1,110.9	-287.5
Net Cash Flow During the Period	-168.4	141.6	-40.3	72.9	-10.0
Cash and Cash Equivalents at Beginning of Period	261.8	120.2	160.5	87.6	81.5
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	93.4	261.8	120.2	160.5	87.6

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	1,558.8	1,097.5	1,513.4	1,149.5	1,029.1	958.6	1,817.4	1,535.6	1,122.6	1,037.7	1,076.8	1,115.3
Revenue Deductions	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	1,558.8	1,097.5	1,513.4	1,149.5	1,029.1	958.6	1,817.4	1,535.6	1,122.6	1,037.7	1,076.8	1,115.3
Cost of Goods Sold	1,468.5	1,024.1	1,403.5	1,089.8	937.9	865.0	1,671.3	1,361.4	1,026.4	942.2	997.7	1,050.6
Gross Profit	90.3	73.4	109.9	59.7	91.2	93.6	146.1	174.2	96.2	95.5	79.2	64.7
Financial Income	0.5	0.1	0.1	0.1	0.5	0.6	0.2	0.1	0.2	0.2	0.0	0.5
Financial Expenses	20.7	13.1	11.0	9.2	11.2	6.0	7.8	5.0	5.0	5.1	4.7	5.6
Interest Expense	20.7	13.1	11.0	9.2	11.2	6.0	7.8	5.0	5.0	5.1	4.7	5.6
Share of Associates and Joint Ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	72.4	57.5	60.5	58.8	54.0	52.0	66.4	55.5	49.2	37.1	43.3	27.7
General and Administrative Expenses	47.4	35.2	34.7	36.4	33.7	32.4	32.4	27.1	22.6	21.6	11.0	28.8
Operating Profit	-49.8	-32.3	3.9	-44.5	-7.2	3.7	39.8	86.7	19.7	31.8	20.2	3.0
Other Income	81.0	52.4	38.2	20.4	24.8	19.1	36.0	26.6	8.9	9.2	7.9	7.5
Other Expenses	1.5	0.0	2.1	0.0	0.0	0.1	0.0	0.1	0.2	0.1	0.2	0.5
Other Profit	79.5	52.4	36.1	20.3	24.7	19.0	36.0	26.5	8.7	9.1	7.8	7.0
Profit Before Tax	29.7	20.1	40.0	-24.2	17.5	22.7	75.8	113.2	28.4	40.9	28.0	10.1
Current Income Tax Expense	6.6	4.9	3.6	1.3	5.7	6.2	14.3	23.0	7.1	10.5	7.4	1.7
Deferred Income Tax Expense	1.1	—	-1.7	0.2	1.5	0.0	1.9	0.0	-0.7	-1.4	-2.0	-0.0
Net Income	21.9	15.3	38.1	-25.8	10.3	16.5	59.5	90.3	22.0	31.8	22.5	8.3
Non-controlling Interest	7.8	10.4	5.0	2.3	14.7	11.4	25.9	28.7	14.5	9.5	0.6	0.8
Profit Attributable to Parent	14.1	4.8	33.0	-28.1	-4.4	5.1	33.7	61.6	7.5	22.2	21.8	7.6
Earnings per Share VND per share	131.00	45.00	284.00	-285.00	-41.00	48.00	313.00	573.00	70.00	238.00	237.00	84.00
Diluted EPS VND per share	131.00	45.00	284.00	-285.00	-41.00	48.00	1,163.00	573.00	70.00	238.00	237.00	81.00

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	2,586.6	2,183.0	1,981.8	1,402.0	1,380.0	1,576.8	1,315.7	1,572.0	1,086.1	1,210.0	1,071.8	880.7
I. Cash and cash equivalents	221.7	125.3	93.4	117.7	97.0	128.2	261.8	218.3	130.1	113.5	120.2	53.4
1. Cash	178.4	106.1	91.4	111.7	91.0	123.2	151.8	218.3	121.1	90.2	107.1	53.4
2. Cash equivalents	43.2	19.2	2.0	6.0	6.0	5.0	110.0	0.0	9.0	23.2	13.1	0.0
II. Short-term financial investments	15.0	11.8	11.0	8.5	5.0	5.0	3.0	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	15.0	11.8	11.0	8.5	5.0	5.0	3.0	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	490.1	513.8	353.5	411.1	303.1	390.0	340.3	487.4	272.7	366.8	212.8	207.4
1. Short-term trade accounts receivable	238.5	279.5	193.4	219.1	136.5	156.1	123.6	239.5	146.4	217.8	93.8	97.6
2. Short-term prepayments to suppliers	68.0	49.1	8.7	72.0	71.1	78.3	77.8	33.2	44.4	43.2	38.0	20.0
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	184.5	186.2	152.5	121.0	96.5	156.6	139.9	215.8	82.8	106.8	82.1	90.9
7. Provision for short-term doubtful debts (*)	-1.0	-1.0	-1.0	-1.0	-1.0	-1.0	-1.0	-1.0	-1.0	-1.1	-1.1	-1.1
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	1,759.6	1,459.6	1,457.1	812.2	912.5	976.0	660.8	800.7	636.4	690.1	696.1	582.7
1. Inventories	1,765.1	1,465.0	1,462.6	817.7	917.9	981.5	666.3	806.2	641.9	695.5	702.5	588.9
2. Provision for decline in value of inventories	-5.5	-5.5	-5.5	-5.5	-5.5	-5.5	-5.5	-5.5	-5.5	-5.5	-6.3	-6.1
V. Other short-term assets	100.2	72.5	66.7	52.5	62.4	77.6	49.8	65.5	47.0	39.6	42.6	37.2
1. Short-term prepayments	16.4	16.0	12.2	11.0	12.2	11.5	12.5	8.2	8.6	6.9	5.5	9.8
2. Value added tax to be reclaimed	82.3	55.2	53.4	41.0	49.5	65.6	37.2	57.0	37.9	31.8	36.6	27.2
3. Taxes and other receivables from state authorities	1.6	1.3	1.2	0.6	0.7	0.5	0.1	0.3	0.6	0.9	0.6	0.2
4. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	806.6	774.1	495.3	958.0	1,046.8	1,076.6	1,091.4	930.4	909.3	892.5	934.5	959.6
I. Long-term receivables	13.3	13.0	6.6	6.5	6.4	6.2	6.2	6.1	5.8	6.1	4.8	4.1
1. Long-term trade receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	2.5	2.5	2.5	2.5	2.5	2.5	2.5	2.5	2.5	2.5	2.5	2.5
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	10.8	10.5	4.1	4.0	3.9	3.8	3.8	3.6	3.4	3.6	2.3	1.7
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	450.1	419.9	365.6	339.6	421.8	446.4	463.6	372.2	353.7	341.0	381.3	407.3
1. Tangible fixed assets	412.9	382.7	328.5	328.9	411.1	435.7	452.9	361.5	342.9	330.1	370.4	396.3
- Cost	638.0	597.6	—	—	—	—	641.6	544.9	519.8	509.1	549.9	576.8
- Accumulated depreciation	-225.1	-214.9	—	—	—	—	-188.7	-183.5	-176.9	-179.0	-179.5	-180.5
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	37.2	37.2	37.1	10.6	10.7	10.7	10.7	10.8	10.8	10.9	10.9	11.0
- Cost	45.3	45.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-8.1	-8.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	—	—	—	542.2	542.2	542.2	541.9	469.2	469.2	469.2	469.2	469.2
- 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	40.8	30.5	30.5	1.2	1.2	1.2	1.9	7.6	7.1	1.8	1.2	1.2
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	40.8	30.5	30.5	1.2	1.2	1.2	1.9	7.6	7.1	1.8	1.2	1.2
V. Long-term financial investments	742.0	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	743.6	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	-1.6	—	—	—	—	—	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	302.4	310.7	92.7	68.4	75.1	80.5	77.8	75.3	73.5	17.0	17.8	14.7
1. Long-term prepayments	29.1	28.3	20.8	24.2	28.1	30.5	26.9	19.7	15.1	12.9	13.6	11.8
2. Deferred income tax assets	3.4	3.6	3.6	3.4	3.4	3.6	1.8	3.7	3.7	4.1	4.2	3.0
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	269.8	278.8	68.2	40.9	43.6	46.4	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	—	49.2	51.9	54.7	57.5	60.2	63.0
TOTAL ASSETS (280=100+200)	3,393.2	2,957.0	2,477.1	2,360.0	2,426.8	2,653.4	2,407.1	2,502.4	1,995.5	2,102.5	2,006.3	1,840.3
A. LIABILITIES (300=210+330)	1,942.1	1,510.8	1,109.0	1,001.6	1,040.2	1,161.7	916.4	1,148.7	770.6	868.8	842.3	712.7
I. Short -term liabilities	1,667.6	1,237.3	1,108.5	999.5	1,038.3	1,161.1	915.9	1,148.1	769.9	867.4	839.4	709.1
1. Short-term trade accounts payable	133.8	215.9	61.2	163.9	106.2	115.9	99.3	66.1	73.7	54.6	44.7	39.0
2. Short-term advances from customers	51.6	58.2	38.7	62.4	42.5	43.2	63.3	47.9	40.6	55.5	54.9	92.9
3. Dividends and profits payable	1.0	1.0	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	18.2	12.6	21.9	17.0	14.7	14.8	43.7	41.0	14.8	14.1	10.6	5.9
4. Payable to employees	29.6	22.5	27.1	24.3	20.1	18.0	30.0	26.5	19.1	16.3	18.5	17.7
5. Short-term acrrued expenses	4.5	6.8	2.9	4.9	3.0	6.1	1.5	6.5	3.2	8.7	1.2	9.7
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	26.5	43.1	5.6	5.6	6.5	24.0	8.0	17.6	10.4	13.8	9.5	23.4
10. Short-term borrowings and financial leases	1,402.0	876.7	950.7	718.5	844.8	938.7	669.7	942.0	607.8	704.2	699.6	520.1
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.4	0.4	0.5	3.0	0.5	0.4	0.4	0.4	0.4	0.4	0.4	0.4
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	274.5	273.5	0.5	2.1	1.8	0.5	0.5	0.5	0.7	1.4	2.9	3.6
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	273.2	273.2	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.3
8. Long-term borrowings and financial leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
9. Convertible bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts) VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	1.3	0.3	0.3	1.9	1.6	0.3	0.3	0.3	0.3	1.0	2.5	3.3
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)	1,451.1	1,446.2	1,368.1	1,358.4	1,386.7	1,491.8	1,490.7	1,353.8	1,224.9	1,233.8	1,164.0	1,127.5
I. Owner's equity	1,451.1	1,446.2	1,368.1	1,358.4	1,386.7	1,491.8	1,490.7	1,353.8	1,224.9	1,233.8	1,164.0	1,127.5
1. Owner's capital	1,074.4	1,074.4	1,074.4	1,074.4	1,074.4	1,074.4	1,074.4	1,074.4	1,074.4	934.3	934.3	899.3
- Common stock with voting right VND per share	1,074,396,810,000.00	1,074,396,810,000.00	1,074,396,810,000.00	1,074,396,810,000.00	1,074,396,810,000.00	1,074,396,810,000.00	1,074,396,810,000.00	1,074,396,810,000.00	1,074,396,810,000.00	934,275,650,000.00	934,275,650,000.00	899,275,650,000.00
- 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	30.5	30.5	30.5
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	44.4	30.1	25.2	-8.5	22.1	134.1	129.0	95.3	33.8	163.9	150.2	149.4
- Accumulated retained earning at the end of the previous period	25.4	25.3	19.6	18.9	21.4	129.0	4.0	4.0	4.0	141.7	115.6	136.6
- Undistributed earnings in this period	19.0	4.8	5.6	-27.4	0.7	5.1	125.0	91.3	29.7	22.2	34.6	12.8
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	332.4	341.7	268.5	292.5	290.1	283.2	287.3	184.1	116.7	105.1	49.0	48.3
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)	3,393.2	2,957.0	2,477.1	2,360.0	2,426.8	2,653.4	2,407.1	2,502.4	1,995.5	2,102.5	2,006.3	1,840.3

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Profit Before Tax	29.7	20.1	40.0	-24.2	17.5	22.7	75.8	113.2	28.4	40.9	28.0	10.1
Depreciation of Fixed Assets and Investment Property	25.7	18.7	17.4	16.9	17.4	17.1	15.8	13.9	13.6	13.3	14.1	14.2
Provision (Increase)/Reversal	-0.1	—	—	—	—	—	0.0	0.0	-0.1	-0.9	0.2	0.7
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	-1.8	-1.2	-5.5	-1.4	-2.9	-4.0	-2.9	-1.2	-1.9	-1.8	-1.8	-0.2
Interest Expense	20.7	13.1	11.0	9.2	11.2	6.0	7.8	5.0	5.0	5.1	4.7	5.6
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	74.3	50.7	62.9	0.4	43.3	41.9	96.4	130.9	45.1	56.7	45.1	30.4
Increase/(Decrease) in Receivables	-4.0	-168.6	-18.3	-66.3	102.5	-78.4	167.5	-228.1	83.0	-150.7	-17.0	-77.2
Increase/(Decrease) in Inventory	-300.4	24.3	-58.0	100.3	63.6	-315.2	139.9	-164.3	53.7	6.9	-113.6	-179.2
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-70.5	208.6	-177.2	84.3	-14.6	-14.5	78.1	62.5	6.9	44.2	-22.2	0.7
Increase/(Decrease) in Prepaid Expenses	-1.2	-7.1	9.5	5.2	1.6	1.2	-11.3	-3.9	-3.0	-0.8	2.5	5.8
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-20.7	-13.1	-11.0	-9.2	-11.2	-6.0	-7.8	-5.0	-5.0	-5.1	-4.7	-5.6
Corporate Income Tax Paid	-1.0	-17.4	-0.0	-0.6	-3.3	-41.4	-8.9	-0.2	-17.2	6.1	-34.5	31.3
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	0.0	-0.0	-2.5	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	-323.5	77.3	-194.7	114.1	181.8	-412.4	453.9	-208.1	163.5	-42.8	-144.3	-193.8
Payments for Fixed Assets and Other Long-term Assets	-81.9	-24.3	-120.3	-16.4	-44.9	-73.1	-189.6	-57.4	-61.5	-62.5	-118.7	-68.8
Proceeds from Disposal of Fixed Assets and Long-term Assets	25.4	58.8	60.9	52.7	55.5	84.5	54.3	22.2	39.4	93.7	136.4	67.8
Loans and Purchases of Debt Instruments	-38.2	-0.8	-2.5	-3.5	-2.0	—	-3.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	35.0	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Investments in Other Entities	-388.6	—	—	—	—	—	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	0.1	0.1	0.1	0.5	0.6	0.2	0.1	0.2	0.2	0.0	0.5
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	-59.2	33.8	-61.7	32.9	9.0	11.9	-138.0	-35.1	-21.8	31.4	17.7	-0.5
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	14,000,000,000.00	0.00
Share Repurchases VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	1,929.3	751.4	1,606.1	850.5	733.7	770.4	1,204.0	1,350.7	801.0	783.8	980.3	1,099.5
Repayment of Borrowings	-1,404.0	-825.4	-1,374.0	-976.8	-825.6	-503.4	-1,476.4	-1,016.4	-897.4	-779.2	-800.9	-881.3
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-46.4	-5.2	0.0	0.0	-130.2	-0.0	0.0	-2.8	-28.7	0.0	0.0	-36.0
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	479.0	-79.2	232.1	-126.3	-222.1	267.0	-272.4	331.4	-125.1	4.6	193.4	182.3
Net Cash Flow During the Period	96.3	31.9	-24.2	20.7	-31.3	-133.6	43.5	88.2	16.6	-6.8	66.8	-12.1
Cash and Cash Equivalents at Beginning of Period	125.3	93.4	117.7	97.0	128.2	261.8	120.2	120.2	120.2	120.2	160.5	160.5
FX Difference from Revaluation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	221.7	125.3	93.4	117.7	97.0	128.2	261.8	218.3	130.1	113.5	120.2	53.4

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How much does this stock
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Where does this stock standamong the rest of your investments?

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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?