The financial statements of HHC

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	768.2	818.0	915.0	1,517.0	1,002.4
Revenue Deductions	68.5	45.8	48.6	62.4	0.0
Net Revenue	699.8	772.3	866.3	1,454.6	930.6
Cost of Goods Sold	543.7	602.7	690.9	1,258.9	0.0
Gross Profit	156.1	169.6	175.4	195.7	143.4
Financial Income	44.4	81.8	70.5	75.6	26.7
Financial Expenses	10.2	46.4	47.1	56.9	-26.4
Interest Expense	9.8	46.2	46.9	56.4	-26.0
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	0.0
Selling Expenses	94.0	101.4	87.5	123.5	-110.3
General and Administrative Expenses	35.8	45.3	46.8	48.1	-47.4
Operating Profit	60.5	58.4	64.6	42.8	-14.1
Other Income	0.2	0.3	0.5	28.7	0.0
Other Expenses	1.3	1.5	0.5	1.3	0.0
Other Profit	-1.1	-1.2	-0.0	27.4	80.0
Profit Before Tax	59.5	57.2	64.6	70.1	65.9
Current Income Tax Expense	12.2	12.9	15.0	17.3	-13.7
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	47.3	44.3	49.6	52.8	52.3
Non-controlling Interest	—	0.0	0.0	0.0	0.0
Profit Attributable to Parent	47.3	44.3	49.6	52.8	52.3
Earnings per Share VND per share	2,880.00	2,694.00	3,018.00	3,214.00	3,183.12
Diluted EPS VND per share	2,880.26	2,694.16	3,018.30	3,213.78	3,183.12

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	594.6	698.7	1,416.3	1,028.4	987.6
I. Cash and cash equivalents	57.5	64.8	11.7	18.4	19.0
1. Cash	57.5	19.2	11.7	18.4	0.0
2. Cash equivalents	—	45.6	0.0	0.0	0.0
II. Short-term financial investments	—	0.0	0.0	86.0	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	—	0.0	0.0	86.0	0.0
III. Short-term receivables	477.0	574.0	1,308.8	797.6	737.1
1. Short-term trade accounts receivable	175.5	127.6	120.5	280.0	0.0
2. Short-term prepayments to suppliers	0.9	9.3	122.6	132.1	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	303.8	438.0	1,065.6	385.5	0.0
7. Provision for short-term doubtful debts (*)	-3.2	-1.3	0.0	0.0	0.0
8. Assets awaiting resolution	0.0	0.4	0.0	0.0	0.0
IV. Inventories	52.2	59.6	95.3	125.5	134.6
1. Inventories	52.2	59.6	95.3	125.5	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	7.8	0.3	0.6	0.9	1.9
1. Short-term prepayments	1.3	0.3	0.2	0.5	0.0
2. Value added tax to be reclaimed	0.0	0.0	0.0	0.1	0.0
3. Taxes and other receivables from state authorities	6.5	0.1	0.3	0.3	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)	389.6	243.6	334.8	216.5	257.9
I. Long-term receivables	211.3	62.5	135.4	2.6	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	2.6
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	211.3	62.5	135.4	2.6	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	126.4	138.0	153.4	167.1	184.4
1. Tangible fixed assets	125.4	137.5	152.6	167.1	184.4
- Cost	420.8	415.7	423.6	422.5	0.0
- Accumulated depreciation	-295.4	-278.1	-271.0	-255.4	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	1.1	0.4	0.8	0.0	0.0
- Cost	2.5	1.2	1.2	0.2	0.0
- Accumulated depreciation	-1.4	-0.8	-0.5	-0.2	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	—	0.0	0.0	0.0	22.3
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	—	0.0	0.0	0.0	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	51.9	43.2	46.1	46.8	0.0
1. Long-term prepayments	51.9	43.2	46.1	46.8	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	48.6
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)	984.2	942.3	1,751.1	1,244.9	1,245.5
A. LIABILITIES (300=210+330)	319.5	301.1	1,151.7	692.4	743.2
I. Short -term liabilities	317.6	299.2	1,150.1	686.5	662.5
1. Short-term trade accounts payable	48.7	19.1	80.9	287.9	137.1
2. Short-term advances from customers	7.8	1.8	120.9	123.3	132.6
3. Taxes and other payables to state authorities	11.0	10.8	10.7	13.5	0.0
4. Payable to employees	20.8	22.6	19.5	23.9	0.0
5. Short-term acrrued expenses	38.4	12.5	8.0	16.5	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	3.4	26.6	0.4	1.1	1.1
9. Other short-term payables	21.6	20.3	750.3	20.9	0.0
10. Short-term borrowings and financial leases	157.2	175.3	149.4	191.7	314.8
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	8.6	10.2	10.1	7.7	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	1.9	1.9	1.5	5.9	80.7
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	1.9	1.9	1.5	1.7	0.0
8. Long-term borrowings and financial leases	—	0.0	0.0	4.2	79.1
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	—	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)	664.7	641.2	599.5	552.5	502.4
I. Owner's equity	664.7	641.2	599.5	552.5	0.0
1. Owner's capital	164.2	164.2	164.2	164.2	502.4
- Common stock with voting right VND per share	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	33.5	33.5	33.5	33.5	33.5
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	3.7	3.7	3.7	3.7	3.7
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	413.2	392.8	345.7	295.5	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	50.1	47.1	52.4	55.6	55.1
- Accumulated retained earning at the end of the previous period	2.8	2.8	2.8	2.8	2.8
- Undistributed earnings in this period	47.3	44.3	49.6	52.8	52.3
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)	984.2	942.3	1,751.1	1,244.9	1,245.5

Item	2025	2024	2023	2022	2021
Profit Before Tax	59.5	57.2	64.6	70.1	65.9
Depreciation of Fixed Assets and Investment Property	18.0	17.3	17.1	17.3	17.9
Provision (Increase)/Reversal	2.3	1.3	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.1	-0.1	0.1	0.1	0.0
Gain/Loss from Investment Activities	-43.6	-80.5	-70.1	-74.4	0.0
Interest Expense	9.8	11.6	46.9	56.4	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	45.9	6.8	58.6	69.6	83.2
Increase/(Decrease) in Receivables	-76.2	793.1	-638.7	-47.0	0.0
Increase/(Decrease) in Inventory	7.4	35.7	30.2	9.2	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	37.1	-878.3	486.4	168.9	0.0
Increase/(Decrease) in Prepaid Expenses	-9.7	2.9	1.0	2.3	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-9.7	-11.7	-24.6	-55.0	0.0
Corporate Income Tax Paid	-11.4	-11.1	-20.7	-20.6	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-1.6	-2.4	-0.2	-0.2	0.0
Net Cash Flow from Operating Activities	-18.1	-65.0	-108.1	127.2	4.5
Payments for Fixed Assets and Other Long-term Assets	-6.1	-2.7	-3.0	-9.0	-7.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.1	0.1	0.0	0.0
Loans and Purchases of Debt Instruments	—	0.0	0.0	0.0	-5.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	0.0	86.0	9.0	17.0
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	35.0	94.8	64.8	70.1	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	28.9	92.1	147.9	70.1	54.9
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	452.7	614.7	535.2	507.8	661.6
Repayment of Borrowings	-470.7	-588.8	-581.7	-705.8	-713.7
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	0.0	0.0	0.0
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-18.0	25.9	-46.5	-198.0	-52.1
Net Cash Flow During the Period	-7.3	53.0	-6.7	-0.7	-8.7
Cash and Cash Equivalents at Beginning of Period	64.8	11.7	18.4	19.0	11.6
FX Difference from Revaluation	-0.0	0.1	-0.0	0.1	0.1
Cash and Cash Equivalents at End of Period	57.5	64.8	11.7	18.4	19.0

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	121.6	224.2	305.2	166.3	126.6	170.1	291.9	172.2	143.1	215.3	238.5	284.8
Revenue Deductions	34.9	56.1	44.3	8.9	9.4	6.1	17.4	12.1	7.2	8.8	15.3	10.2
Net Revenue	86.7	168.1	260.9	157.4	117.2	164.0	274.5	160.1	136.0	206.5	223.2	274.6
Cost of Goods Sold	77.0	129.3	201.3	119.7	94.1	127.2	213.8	122.1	108.0	158.8	176.3	211.0
Gross Profit	9.7	38.8	59.7	37.6	23.1	36.8	60.8	38.0	28.0	47.8	46.9	63.6
Financial Income	10.4	10.6	10.9	10.9	11.4	11.1	8.4	8.3	35.9	35.8	47.9	0.4
Financial Expenses	3.1	3.4	2.2	2.0	3.0	3.0	0.2	0.0	27.0	26.1	29.4	5.0
Interest Expense	3.1	3.4	1.9	2.0	3.0	2.9	3.1	2.9	3.2	26.1	5.1	4.9
Share of Associates and Joint Ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	8.3	13.0	29.2	23.5	21.1	21.2	36.1	19.9	22.9	21.8	36.4	17.2
General and Administrative Expenses	10.2	9.3	0.7	11.4	9.7	11.8	16.3	8.8	9.8	9.1	12.9	11.1
Operating Profit	-1.5	23.8	38.5	11.6	0.8	11.9	16.7	17.7	4.2	26.6	16.1	30.6
Other Income	0.0	0.0	0.1	0.2	0.0	0.0	0.3	0.0	0.0	0.0	0.1	0.0
Other Expenses	0.1	0.4	0.4	0.3	0.0	0.3	0.2	0.6	0.5	0.2	0.2	0.2
Other Profit	-0.1	-0.4	-0.3	-0.1	-0.0	-0.3	0.1	-0.6	-0.5	-0.1	-0.1	-0.2
Profit Before Tax	-1.7	23.4	38.1	11.5	0.7	11.5	16.7	17.0	3.7	26.4	16.0	30.4
Current Income Tax Expense	—	4.8	8.0	2.1	0.2	2.4	3.3	4.1	0.7	5.3	5.0	6.1
Deferred Income Tax Expense	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	-1.7	18.6	30.1	9.4	0.6	9.2	13.4	12.9	2.9	21.1	10.9	24.3
Non-controlling Interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	-1.7	18.6	30.1	9.4	0.6	9.2	13.4	12.9	2.9	21.1	10.9	24.3
Earnings per Share VND per share	-102.00	1,135.00	1,835.00	574.00	35.00	558.00	814.00	786.00	180.00	1,285.00	665.00	1,477.00
Diluted EPS VND per share	-102.08	1,135.02	1,835.19	574.71	34.93	558.45	814.34	785.71	179.56	1,285.40	665.37	1,477.43

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)	547.8	691.2	598.7	456.3	490.3	576.2	636.1	1,279.1	1,281.9	1,289.8	1,548.8	1,436.9
I. Cash and cash equivalents	3.5	22.9	57.5	17.2	16.1	61.2	19.2	12.3	16.1	10.1	11.7	13.6
1. Cash	3.5	22.9	57.5	17.2	16.1	25.6	19.2	12.3	16.1	10.1	11.7	13.6
2. Cash equivalents	—	—	—	—	—	35.6	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	—	—	—	—	—	—	45.6	0.0	0.0	0.0	0.0	5.0
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	—	—	—	—	—	—	45.6	0.0	0.0	0.0	0.0	5.0
III. Short-term receivables	490.3	609.6	482.1	372.4	404.8	452.9	511.0	1,189.0	1,193.8	1,211.1	1,441.3	1,325.9
1. Short-term trade accounts receivable	96.2	226.2	178.1	58.8	68.3	81.9	127.6	96.8	97.0	119.0	120.5	123.4
2. Short-term prepayments to suppliers	1.9	1.7	1.4	4.1	19.3	8.9	9.3	6.0	3.8	4.6	122.6	124.6
3. Short-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	395.4	384.9	303.8	310.7	318.1	363.0	374.1	1,086.2	1,093.0	1,087.5	1,198.1	1,077.9
7. Provision for short-term doubtful debts (*)	-3.2	-3.2	-1.6	-1.6	-1.3	-1.3	0.0	0.0	0.0	0.0	0.0	0.0
8. Assets awaiting resolution	0.0	0.0	0.4	0.4	0.4	0.4	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	49.6	52.7	51.3	65.3	67.8	61.2	60.0	75.9	71.5	67.5	95.3	91.5
1. Inventories	49.6	52.7	51.3	65.3	67.8	61.2	60.0	75.9	71.5	67.5	95.3	91.5
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	4.4	6.0	7.8	1.4	1.6	0.9	0.3	1.9	0.4	1.1	0.6	1.0
1. Short-term prepayments	0.8	1.1	1.3	1.4	1.2	0.7	0.3	0.1	0.1	0.7	0.2	0.7
2. Value added tax to be reclaimed	0.0	0.0	0.0	0.0	0.3	0.2	0.0	0.0	0.0	0.1	0.0	0.0
3. Taxes and other receivables from state authorities	3.5	4.8	6.5	0.0	0.0	0.0	0.1	1.8	0.3	0.3	0.3	0.3
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)	289.1	294.5	389.6	391.6	400.7	337.6	314.1	322.5	325.6	329.8	202.3	294.7
I. Long-term receivables	121.3	121.3	211.3	211.4	217.1	161.5	133.0	135.4	135.4	135.4	2.9	92.2
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	121.3	121.3	211.3	211.4	217.1	161.5	133.0	135.4	135.4	135.4	2.9	92.2
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	117.3	121.7	126.4	126.4	138.4	133.6	138.0	141.3	145.6	149.1	153.4	155.6
1. Tangible fixed assets	116.5	120.9	125.4	126.0	137.9	133.2	137.5	140.8	145.0	148.4	152.6	154.7
- Cost	420.9	420.8	—	—	—	—	415.7	414.8	414.8	423.6	423.6	422.0
- Accumulated depreciation	-304.3	-299.9	—	—	—	—	-278.1	-274.1	-269.8	-275.2	-271.0	-267.2
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	0.8	0.8	1.1	0.4	0.5	0.4	0.4	0.5	0.6	0.7	0.8	0.9
- Cost	2.5	2.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-1.7	-1.7	—	—	—	—	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	0.5	—	—	1.7	1.1	—	0.0	2.0	0.0	0.0	0.0	0.0
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	0.5	—	—	1.7	1.1	—	0.0	2.0	0.0	0.0	0.0	0.0
V. Long-term financial investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	—	—	—	—	—	—	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	—	—	—	—	—	—	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	49.9	51.4	51.9	52.1	44.2	42.6	43.2	43.9	44.6	45.4	46.1	46.9
1. Long-term prepayments	49.9	51.4	51.9	52.1	44.2	42.6	43.2	43.9	44.6	45.4	46.1	46.9
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)	836.8	985.8	988.4	847.9	891.0	913.8	950.2	1,601.6	1,607.5	1,619.6	1,751.1	1,731.6
A. LIABILITIES (300=210+330)	155.2	302.4	321.7	211.3	240.0	263.4	302.8	967.7	986.4	999.0	1,152.2	1,143.6
I. Short -term liabilities	153.2	300.5	319.7	209.4	238.1	261.4	300.9	965.8	984.5	997.6	1,150.7	1,141.5
1. Short-term trade accounts payable	11.4	20.3	48.7	40.5	8.2	11.5	19.1	26.0	20.8	25.0	80.9	19.5
2. Short-term advances from customers	8.6	7.9	7.8	4.5	3.3	2.7	1.8	1.8	1.9	1.9	120.9	124.5
3. Taxes and other payables to state authorities	5.2	5.5	11.5	5.7	0.3	6.4	11.4	4.4	1.5	8.0	10.5	25.8
4. Payable to employees	4.8	7.1	20.8	9.4	8.3	8.7	22.6	9.9	9.2	10.0	20.2	8.8
5. Short-term acrrued expenses	7.5	5.0	40.1	13.6	12.1	10.1	11.3	2.7	5.1	8.0	8.0	1.4
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	3.2	0.8	3.4	9.3	12.8	13.9	22.0	0.7	1.3	0.3	0.4	0.4
9. Other short-term payables	22.1	21.9	21.5	22.9	24.0	20.7	27.2	747.6	765.2	755.8	750.3	725.4
10. Short-term borrowings and financial leases	82.6	223.9	157.2	94.9	160.4	178.7	175.3	160.7	167.0	178.4	149.4	225.5
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	7.7	8.0	8.6	8.6	8.8	8.8	10.2	12.0	12.4	10.1	10.1	10.2
13. Price stabilization fund	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	2.0	1.9	1.9	1.9	1.9	2.0	1.9	1.9	1.9	1.5	1.5	2.1
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	2.0	1.9	1.9	1.9	1.9	2.0	1.9	1.9	1.9	1.5	1.5	1.7
8. Long-term borrowings and financial leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.4
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	—	—	—	—	—	—	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)	681.7	683.3	666.7	636.6	651.0	650.4	647.3	634.0	621.1	620.6	599.0	588.0
I. Owner's equity	681.7	683.3	666.7	636.6	651.0	650.4	647.3	634.0	621.1	620.6	599.0	588.0
1. Owner's capital	164.2	164.2	164.2	164.2	164.2	164.2	164.2	164.2	164.2	164.2	164.2	164.2
- Common stock with voting right VND per share	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00	164,250,000,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	33.5	33.5	33.5	33.5	33.5	33.5	33.5	33.5	33.5	33.5	33.5	33.5
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	3.7	3.7	3.7	3.7	3.7	3.7	3.7	3.7	3.7	3.7	3.7	3.7
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	413.2	413.2	413.2	413.2	437.0	392.8	392.8	392.8	392.8	345.7	345.7	345.7
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	67.1	68.8	52.1	22.0	12.5	56.2	53.1	39.8	26.9	73.5	51.9	40.9
- Accumulated retained earning at the end of the previous period	50.1	50.1	2.8	2.8	2.8	47.1	2.8	2.8	2.8	52.4	2.8	2.8
- Undistributed earnings in this period	17.0	18.6	49.3	19.2	9.7	9.2	50.3	37.0	24.1	21.1	49.1	38.1
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)	836.8	985.8	988.4	847.9	891.0	913.8	950.2	1,601.6	1,607.5	1,619.6	1,751.1	1,731.6

Item	Q2'26	Q1'26	Q4'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Profit Before Tax	-1.7	23.4	47.1	0.8	11.5	16.7	18.9	1.8	26.4	16.6	30.4	4.4
Depreciation of Fixed Assets and Investment Property	4.5	4.7	9.1	4.4	4.4	4.4	4.4	4.3	4.3	4.4	4.3	4.3
Provision (Increase)/Reversal	—	—	2.0	0.3	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0	-0.0	0.2	-0.2	-0.1	-0.1	-0.1	0.0	-0.2	0.3	-0.1	-0.0
Gain/Loss from Investment Activities	-10.5	-10.6	-21.7	-10.9	-11.0	-11.2	36.1	-34.9	-35.5	-36.4	-11.4	-12.0
Interest Expense	3.1	3.4	3.9	3.0	2.9	3.1	-45.1	27.5	26.1	29.4	4.9	8.0
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	0.0	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	0.0
Amortization of Goodwill	—	—	—	—	—	0.0	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	0.0
Operating Profit Before Changes in Working Capital	-4.5	20.8	40.7	-2.6	7.8	13.0	14.3	-1.4	21.1	14.2	28.0	4.7
Increase/(Decrease) in Receivables	123.8	-42.5	-95.5	3.1	16.2	661.9	0.1	27.0	115.6	-29.0	-831.6	224.8
Increase/(Decrease) in Inventory	3.1	-0.5	15.6	-6.6	-1.6	15.9	-4.3	-4.1	27.7	-3.8	27.2	11.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-154.0	-87.8	74.6	0.3	-37.9	-666.3	-18.4	-8.8	-187.9	-14.1	806.3	-146.4
Increase/(Decrease) in Prepaid Expenses	1.8	0.6	0.1	-10.0	0.2	0.5	0.8	1.3	0.3	1.2	1.5	1.3
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	-3.1	-3.8	-2.9	-2.9	-19.4	-2.9	-17.8	-20.7	-6.6	-4.0	-8.9
Corporate Income Tax Paid	0.0	-7.5	-0.3	-6.9	-4.2	0.0	-1.4	-5.3	-4.3	-10.8	0.0	0.0
Other Operating Receipts	—	—	—	—	—	0.0	0.0	-0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-0.3	-0.6	-0.2	-0.0	-1.4	-1.8	-0.5	-0.1	-0.1	-0.1	0.0	-0.1
Net Cash Flow from Operating Activities	-27.0	-120.7	31.3	-25.5	-23.9	3.9	-12.4	-9.1	-48.2	-48.9	27.5	86.4
Payments for Fixed Assets and Other Long-term Assets	-0.6	—	-4.5	-1.5	-0.2	-1.1	0.0	-0.8	-0.6	-0.2	-1.3	-1.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.1
Loans and Purchases of Debt Instruments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	89.5	-170.5
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	—	—	—	0.0	0.0	0.0	0.0	86.0	-87.0	87.0
Investments in Other Entities	0.0	-110.8	—	—	—	-45.6	0.0	0.0	0.0	795.4	-795.4	0.0
Proceeds from Investments in Other Entities	0.0	109.0	—	—	—	0.0	0.0	0.0	0.0	-792.9	792.9	0.0
Dividends and Interest Income Received	0.1	21.2	17.9	0.2	16.9	35.1	14.7	27.3	18.0	35.5	8.7	11.9
Increase/(Decrease) in Term Deposits	—	—	—	—	—	0.0	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	0.0
Other Investing Receipts	—	—	—	—	—	0.0	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	0.0
Net Cash Flow from Investing Activities	-0.5	19.4	13.4	-1.3	16.8	-11.6	14.7	26.6	17.4	123.8	7.5	-73.0
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	0.00	0.00	0.00	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	0.00
Proceeds from Borrowings	160.9	102.0	183.2	113.4	156.1	205.8	128.3	115.1	169.8	86.8	159.5	98.4
Repayment of Borrowings	-152.8	-35.4	-186.3	-131.8	-152.7	-191.3	-134.6	-126.5	-140.8	-163.3	-187.7	-113.1
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	8.0	66.6	-3.1	-18.3	3.4	14.6	-6.3	-11.4	29.0	-76.5	-28.2	-14.7
Net Cash Flow During the Period	-19.4	-34.6	41.6	-45.2	-3.7	6.9	-3.9	6.1	-1.8	-1.7	6.7	-1.2
Cash and Cash Equivalents at Beginning of Period	22.9	57.5	64.8	61.2	64.8	11.7	11.7	11.7	11.7	18.4	18.4	18.4
FX Difference from Revaluation	-0.0	0.0	-0.0	0.1	0.1	0.1	0.1	0.0	0.1	-0.2	0.1	0.1
Cash and Cash Equivalents at End of Period	3.5	22.9	57.5	16.1	61.2	19.2	12.3	16.1	10.1	11.7	13.6	6.7

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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.

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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?