The financial statements of IDV

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	177.6	130.9	184.3	111.9	123.2
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	177.6	130.9	184.3	111.9	123.2
Cost of Goods Sold	55.9	44.7	87.9	36.0	0.0
Gross Profit	121.8	86.3	96.4	75.9	84.3
Financial Income	51.5	35.6	56.2	82.0	101.6
Financial Expenses	15.3	1.8	1.9	2.0	2.7
Interest Expense	0.9	1.1	1.3	0.7	-0.7
Share of Associates and Joint Ventures	19.2	38.9	54.9	28.0	56.4
Selling Expenses	0.4	0.8	1.7	0.8	-0.8
General and Administrative Expenses	23.2	23.5	22.4	19.9	-14.8
Operating Profit	153.6	134.8	181.5	163.3	229.4
Other Income	4.9	19.0	2.6	1.1	0.0
Other Expenses	1.9	0.2	3.5	2.8	0.0
Other Profit	3.0	18.8	-0.9	-1.7	1.4
Profit Before Tax	156.6	153.6	180.6	161.6	230.8
Current Income Tax Expense	27.3	19.4	22.8	21.0	-22.3
Deferred Income Tax Expense	-0.9	0.0	0.1	0.2	0.0
Net Income	130.1	134.2	157.7	140.4	208.5
Non-controlling Interest	0.1	0.6	-0.1	-0.2	-0.3
Profit Attributable to Parent	130.1	133.5	157.8	140.6	208.8
Earnings per Share VND per share	2,933.00	3,463.00	5,666.00	5,693.00	10,653.00
Diluted EPS VND per share	3,154.38	3,723.35	5,061.96	5,573.12	9,932.56

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	463.9	485.0	475.3	390.7	411.8
I. Cash and cash equivalents	22.3	57.4	16.0	15.6	211.3
1. Cash	10.2	21.7	15.9	3.3	0.0
2. Cash equivalents	12.1	35.6	0.1	12.2	0.0
II. Short-term financial investments	235.5	261.0	413.7	305.3	0.0
1. Available for sale securities	2.0	16.8	6.6	5.6	0.0
2. Provision for diminution in value of available for sale securities (*)	-1.0	-1.4	-0.8	-0.6	0.0
3. Held to maturity investments	234.5	245.6	407.8	300.2	0.0
III. Short-term receivables	182.1	158.6	27.6	27.4	30.5
1. Short-term trade accounts receivable	6.8	6.3	9.1	14.0	0.0
2. Short-term prepayments to suppliers	172.1	122.7	8.1	3.5	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	—	24.9	0.0	0.0	0.0
6. Other short-term receivables	3.4	4.7	10.4	9.8	0.0
7. Provision for short-term doubtful debts (*)	-0.2	-0.0	-0.0	-0.0	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	0.1	0.1	17.3	37.3	32.8
1. Inventories	0.1	0.1	17.3	37.3	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	23.9	7.9	0.7	5.1	2.2
1. Short-term prepayments	0.2	0.4	0.1	0.1	0.0
2. Value added tax to be reclaimed	23.7	7.5	0.6	4.4	0.0
3. Taxes and other receivables from state authorities	0.0	0.0	0.0	0.7	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)	1,537.3	1,395.0	1,340.6	1,192.1	1,050.3
I. Long-term receivables	598.8	596.9	667.0	557.2	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	468.3
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	73.2	73.2	0.0
6. Other long-term receivables	598.8	596.9	593.8	484.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	146.8	110.1	117.2	71.8	74.6
1. Tangible fixed assets	146.8	110.1	117.2	71.8	74.6
- Cost	238.8	185.4	177.5	128.2	0.0
- Accumulated depreciation	-92.0	-75.2	-60.3	-56.4	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	—	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
III. Investment properties	75.9	23.7	25.0	0.0	0.0
- Cost	80.2	26.2	25.8	0.0	0.0
- Accumulated depreciation	-4.3	-2.6	-0.8	0.0	0.0
IV. Long-term assets in progress	211.1	185.3	53.3	136.1	93.9
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	211.1	185.3	53.3	136.1	0.0
V. Long-term financial investments	326.7	313.7	315.4	288.9	277.3
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	2.0	172.2	182.1	151.7	0.0
3. Investments in other entities	327.6	143.8	135.7	129.1	0.0
4. Provision for diminution in value of long-term investments	-2.8	-2.4	-2.4	-2.0	0.0
5. Held to maturity investments	—	0.0	0.0	10.1	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	177.9	165.3	162.7	138.1	0.0
1. Long-term prepayments	176.9	165.1	161.6	137.0	0.0
2. Deferred income tax assets	1.0	0.2	1.1	1.1	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	136.2
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)	2,001.2	1,880.0	1,815.9	1,582.8	1,462.1
A. LIABILITIES (300=210+330)	1,059.5	1,005.4	1,021.4	931.4	889.3
I. Short -term liabilities	199.2	161.6	189.0	164.1	145.1
1. Short-term trade accounts payable	5.3	3.0	1.1	4.8	1.3
2. Short-term advances from customers	—	0.0	0.0	12.2	0.5
3. Taxes and other payables to state authorities	5.0	4.5	19.6	8.0	0.0
4. Payable to employees	4.3	4.5	3.3	2.7	0.0
5. Short-term acrrued expenses	47.7	75.7	79.7	63.2	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	39.8	37.0	35.4	26.1	16.5
9. Other short-term payables	12.3	3.6	17.3	18.5	0.0
10. Short-term borrowings and financial leases	74.0	21.1	18.3	15.1	20.4
11. Provision for short-term liabilities	—	0.0	0.0	1.0	0.0
12.. Bonus and welfare fund	10.8	12.2	14.3	12.5	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	860.3	843.7	832.4	767.3	744.3
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	823.2	780.1	772.4	719.3	716.4
7. Other long-term liabilities	3.5	3.5	0.0	0.0	0.0
8. Long-term borrowings and financial leases	33.6	60.1	59.7	47.8	27.8
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	0.3	0.2	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)	941.7	874.6	794.5	651.4	572.8
I. Owner's equity	941.7	874.6	794.5	651.4	0.0
1. Owner's capital	412.4	358.6	311.8	252.3	572.8
- Common stock with voting right VND per share	412,367,770,000.00	358,583,850,000.00	311,814,740,000.00	252,279,060,000.00	210,234,500,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	-0.0	-0.0	-0.0	0.0	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	—	0.0	0.0	0.0	0.0
8. Investment and development fund	89.4	78.9	68.3	55.7	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	435.8	433.0	413.1	342.1	315.4
- Accumulated retained earning at the end of the previous period	325.4	319.5	313.2	237.3	262.4
- Undistributed earnings in this period	110.4	113.5	99.9	104.8	53.0
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	4.2	4.1	1.3	1.4	1.6
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)	2,001.2	1,880.0	1,815.9	1,582.8	1,462.1

Item	2025	2024	2023	2022	2021
Profit Before Tax	156.6	153.6	180.6	161.6	187.3
Depreciation of Fixed Assets and Investment Property	18.5	17.7	16.4	11.5	-0.9
Provision (Increase)/Reversal	0.2	0.6	-0.4	1.5	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.0	-0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-38.9	-33.0	-52.0	-79.1	0.0
Interest Expense	0.9	1.1	1.3	0.7	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	137.3	140.0	145.8	96.2	91.6
Increase/(Decrease) in Receivables	-67.5	-115.1	-70.5	-304.2	0.0
Increase/(Decrease) in Inventory	0.0	17.2	20.0	2.1	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	196.7	-55.6	9.2	-36.0	0.0
Increase/(Decrease) in Prepaid Expenses	-11.6	-3.9	-24.7	-4.3	0.0
Changes in Trading Securities	14.8	-10.2	-0.9	0.0	0.0
Interest Paid	-0.9	-1.0	-3.5	-0.7	0.0
Corporate Income Tax Paid	-27.3	-24.9	-15.0	-20.2	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-10.5	-2.1	-11.0	-11.9	0.0
Net Cash Flow from Operating Activities	230.9	-55.7	49.4	-279.1	-190.7
Payments for Fixed Assets and Other Long-term Assets	-299.9	-105.9	-20.9	-51.0	-20.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.2	0.1	0.2	0.0
Loans and Purchases of Debt Instruments	-255.4	-287.4	-675.9	-858.1	-658.6
Receipts from Loan Repayments and Sale of Debt Instruments	291.4	497.9	576.4	1,059.6	899.2
Investments in Other Entities	-14.2	-8.1	-6.6	-4.7	44.7
Proceeds from Investments in Other Entities	0.7	0.0	0.0	8.7	0.0
Dividends and Interest Income Received	38.8	43.8	66.4	115.7	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	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	-238.6	140.6	-60.6	270.5	370.4
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	9,081,980,000.00	1,430,000.00	-2,860,000.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	127.7	82.5	30.4	263.0	206.0
Repayment of Borrowings	-101.3	-79.3	-15.3	-229.6	-183.4
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-53.8	-46.8	-12.6	-31.5	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	-27.4	-43.6	11.6	1.9	22.5
Net Cash Flow During the Period	-35.1	41.4	0.5	-6.7	189.1
Cash and Cash Equivalents at Beginning of Period	57.4	16.0	15.6	22.3	0.0
FX Difference from Revaluation	0.0	0.0	-0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	22.3	57.4	16.0	15.6	211.3

Item	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	30.4	28.4	33.6	98.5	27.8	24.6	26.8	31.1	27.5	39.0	38.2	24.5
Revenue Deductions	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	30.4	28.4	33.6	98.5	27.8	24.6	26.8	31.1	27.5	39.0	38.2	24.5
Cost of Goods Sold	10.9	9.3	10.4	27.7	9.7	9.2	9.3	9.5	12.6	12.5	12.7	11.3
Gross Profit	19.5	19.0	23.2	70.8	18.1	15.4	17.5	21.6	14.9	26.5	25.4	13.2
Financial Income	35.7	2.4	8.5	24.5	6.9	3.4	16.7	11.4	4.9	9.0	10.0	18.5
Financial Expenses	0.8	1.8	0.2	14.9	0.3	-0.6	0.7	0.5	0.8	-0.1	0.6	0.6
Interest Expense	0.2	-1.0	1.5	0.3	0.2	0.1	0.3	0.3	0.3	0.3	0.4	0.0
Share of Associates and Joint Ventures	—	-0.0	—	18.4	—	0.8	0.0	16.4	13.9	8.6	0.0	52.1
Selling Expenses	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.3	0.3	0.1
General and Administrative Expenses	5.1	5.5	4.8	8.1	5.1	5.5	4.9	9.4	1.8	5.1	4.6	6.9
Operating Profit	49.1	14.0	26.6	90.6	19.4	14.8	28.5	39.4	31.0	38.9	30.0	76.2
Other Income	0.4	2.1	0.3	2.8	0.5	0.4	1.5	0.8	3.7	0.3	9.7	1.5
Other Expenses	0.0	-0.2	—	1.7	—	0.0	0.1	0.1	0.1	0.0	0.0	3.4
Other Profit	0.4	2.3	0.3	1.1	0.5	0.4	1.3	0.7	3.6	0.3	9.7	-1.9
Profit Before Tax	49.5	16.3	26.9	91.7	19.9	15.2	29.8	40.1	34.6	39.1	39.7	74.2
Current Income Tax Expense	3.8	3.9	4.9	15.2	3.8	2.2	6.1	1.8	3.2	6.2	8.1	3.4
Deferred Income Tax Expense	-0.3	-0.4	-0.3	-0.9	-0.0	-0.0	-0.0	-1.2	1.2	0.1	-0.0	0.1
Net Income	46.0	12.8	22.4	77.4	16.1	12.9	23.7	39.6	30.2	32.9	31.7	70.7
Non-controlling Interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.0	0.0
Profit Attributable to Parent	46.0	12.7	22.4	77.4	16.1	12.9	23.7	39.6	30.2	32.8	31.7	70.7
Earnings per Share VND per share	971.00	309.00	542.00	1,877.00	391.00	314.00	660.00	1,103.00	841.00	916.00	1,015.00	2,267.00
Diluted EPS VND per share	970.84	308.95	542.02	1,876.41	390.56	313.47	660.06	1,103.40	840.99	916.10	1,016.53	2,266.12

Item	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	174.8	222.6	461.1	463.9	414.7	440.5	421.4	484.5	507.5	429.5	489.9	475.3
I. Cash and cash equivalents	74.4	19.8	47.0	22.3	47.2	25.3	9.4	57.4	45.0	70.4	37.2	15.9
1. Cash	48.5	18.1	41.0	10.2	24.8	22.0	9.3	21.7	21.0	10.7	17.0	15.9
2. Cash equivalents	26.0	1.7	6.0	12.1	22.4	3.3	0.1	35.6	24.0	59.7	20.2	0.0
II. Short-term financial investments	35.8	114.6	202.6	235.5	150.0	210.6	237.6	261.0	256.2	194.8	318.4	413.8
1. Available for sale securities	19.8	15.9	2.0	2.0	8.0	13.9	13.4	16.8	15.9	31.5	8.5	6.6
2. Provision for diminution in value of available for sale securities (*)	-2.0	-1.1	-0.9	-1.0	-1.0	-0.9	-1.8	-1.4	-1.4	-0.9	-1.0	-0.8
3. Held to maturity investments	18.0	99.8	201.6	234.5	143.0	197.6	225.9	245.6	241.7	164.2	310.8	408.0
III. Short-term receivables	43.0	51.2	178.3	182.1	194.7	185.1	163.8	158.3	196.3	157.2	120.0	27.6
1. Short-term trade accounts receivable	8.8	12.5	8.1	6.8	8.0	6.1	5.9	6.3	6.6	6.1	4.8	9.1
2. Short-term prepayments to suppliers	26.5	36.0	163.8	172.1	182.7	175.6	65.5	123.1	126.5	144.5	101.1	8.1
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	—	—	—	—	—	—	87.2	24.9	60.9	0.0	0.0	0.0
6. Other short-term receivables	8.0	2.9	6.6	3.4	4.0	3.5	5.2	4.0	2.3	6.7	14.0	10.4
7. Provision for short-term doubtful debts (*)	-0.2	-0.2	-0.2	-0.2	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	0.1	0.5	0.1	0.1	0.1	0.1	0.5	0.1	3.6	2.4	9.8	17.3
1. Inventories	0.1	0.5	0.1	0.1	0.1	0.1	0.5	0.1	3.6	2.4	9.8	17.3
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	21.4	36.6	33.1	23.9	22.7	19.4	10.0	7.7	6.5	4.6	4.6	0.7
1. Short-term prepayments	0.3	0.2	0.2	0.2	0.4	0.3	0.3	0.3	0.4	0.4	0.6	0.1
2. Value added tax to be reclaimed	18.1	36.4	32.9	23.7	22.4	19.1	9.7	7.5	6.0	4.2	4.0	0.6
3. Taxes and other receivables from state authorities	3.1	—	—	0.0	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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)	1,915.2	1,897.2	1,621.8	1,537.4	1,510.9	1,454.6	1,429.0	1,395.3	1,347.3	1,417.6	1,413.7	1,340.8
I. Long-term receivables	592.0	600.3	599.6	598.8	590.4	597.2	597.2	596.8	595.4	593.4	678.7	667.0
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	73.2	73.2
6. Other long-term receivables	592.0	600.3	599.6	598.8	590.4	597.2	597.2	596.8	595.4	593.4	605.5	593.8
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	137.2	137.8	142.4	146.8	151.4	102.3	106.2	108.6	112.3	112.6	115.0	117.2
1. Tangible fixed assets	137.2	137.8	142.4	146.8	151.4	102.3	106.2	108.6	112.3	112.6	115.0	117.2
- Cost	243.1	239.0	239.0	—	—	—	185.4	183.5	184.3	180.7	179.2	177.5
- Accumulated depreciation	-105.9	-101.3	-96.7	—	—	—	-79.2	-75.0	-72.1	-68.1	-64.2	-60.3
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	—	—	—	—	—	—	0.0	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
III. Investment properties	76.3	76.7	75.5	75.9	22.4	22.8	23.3	23.7	24.1	24.6	64.6	25.0
- Cost	81.9	81.9	80.2	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-5.6	-5.2	-4.8	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	564.1	530.1	300.8	211.2	252.8	255.3	224.9	187.1	156.1	128.0	70.2	53.3
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	564.1	530.1	300.8	211.2	252.8	255.3	224.9	187.1	156.1	128.0	70.2	53.3
V. Long-term financial investments	370.8	376.5	326.7	326.7	332.8	314.5	313.7	313.6	292.7	389.8	320.0	315.4
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	-0.0	2.0	2.0	2.0	191.5	173.1	172.2	172.2	154.6	190.7	182.1	182.1
3. Investments in other entities	327.6	327.6	327.6	327.6	143.8	143.8	143.8	143.8	140.3	140.3	140.3	135.7
4. Provision for diminution in value of long-term investments	-4.2	-4.2	-2.8	-2.8	-2.5	-2.4	-2.4	-2.4	-2.2	-2.1	-2.4	-2.4
5. Held to maturity investments	47.4	51.1	—	—	—	—	0.0	0.0	0.0	60.9	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	174.9	175.8	176.9	177.9	161.2	162.5	163.8	165.4	166.6	169.2	165.2	162.9
1. Long-term prepayments	172.8	174.1	175.5	176.9	161.1	162.3	163.7	165.2	166.5	168.1	164.0	161.8
2. Deferred income tax assets	2.1	1.7	1.4	1.0	0.1	0.1	0.1	0.2	0.2	1.1	1.1	1.1
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)	2,090.0	2,119.8	2,083.0	2,001.3	1,925.6	1,895.1	1,850.4	1,879.7	1,854.7	1,847.1	1,903.6	1,816.1
A. LIABILITIES (300=210+330)	1,108.4	1,184.4	1,160.1	1,050.5	1,033.7	1,037.7	1,006.0	996.3	1,011.8	1,034.8	1,092.9	1,021.6
I. Short -term liabilities	37.4	324.4	285.5	190.2	223.0	198.0	162.3	149.8	142.2	167.1	234.5	189.3
1. Short-term trade accounts payable	19.2	66.3	20.3	5.3	2.2	4.8	6.7	3.3	1.4	4.5	8.3	1.1
2. Short-term advances from customers	0.5	0.0	47.8	0.0	0.2	—	0.0	0.0	0.1	2.0	0.0	0.0
3. Dividends and profits payable	0.0	0.0	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	8.2	9.4	6.6	5.0	9.9	6.8	8.4	4.4	8.7	11.2	10.5	19.6
4. Payable to employees	1.7	1.6	2.3	4.3	2.0	1.8	2.4	4.5	1.9	1.8	2.2	3.3
5. Short-term acrrued expenses	35.3	34.7	47.8	47.8	56.3	56.2	75.7	75.7	77.5	79.6	79.7	79.9
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	42.4	57.2	25.6	39.8	33.7	47.6	24.2	37.0	31.8	44.7	23.7	35.4
9. Other short-term payables	1.7	119.3	56.8	12.3	38.2	38.1	1.7	3.6	1.8	1.9	11.0	17.3
10. Short-term borrowings and financial leases	-73.1	34.3	67.5	74.0	78.2	40.3	30.8	18.3	16.0	18.3	84.8	18.3
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	1.4	1.4	10.8	1.7	2.3	2.3	12.2	2.9	3.0	3.0	14.3	14.3
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	1,071.0	860.0	874.7	860.3	810.7	839.7	843.7	846.5	869.6	867.7	858.4	832.4
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	823.1	823.1	831.0	823.2	773.0	773.0	780.1	780.1	798.2	796.3	785.9	772.4
7. Other long-term liabilities	159.7	3.5	5.9	3.5	3.5	3.5	3.5	3.5	3.5	3.5	0.0	0.0
8. Long-term borrowings and financial leases	88.3	33.4	37.8	33.6	34.2	63.2	60.1	62.9	67.5	67.5	72.2	59.7
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	0.3	0.3	0.3	0.3
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)	981.5	935.4	922.8	950.8	891.9	857.4	844.4	883.5	843.0	812.3	810.7	794.5
I. Owner's equity	981.5	935.4	922.8	950.8	891.9	857.4	844.4	883.5	843.0	812.3	810.7	794.5
1. Owner's capital	474.2	412.4	412.4	412.4	412.4	412.4	358.6	358.6	358.6	358.6	311.8	311.8
- Common stock with voting right VND per share	474,218,810,000.00	412,367,770,000.00	412,367,770,000.00	412,367,770,000.00	412,367,770,000.00	412,367,770,000.00	358,583,850,000.00	358,583,850,000.00	358,583,850,000.00	358,583,850,000.00	311,814,740,000.00	311,814,740,000.00
- 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	-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	—	61.9	—	—	—	—	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	89.4	89.4	89.4	78.9	78.9	78.9	78.9	68.3	68.3	68.3	68.3	68.3
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	413.7	367.6	416.9	455.3	396.4	361.9	402.7	452.5	414.3	384.3	429.4	413.1
- Accumulated retained earning at the end of the previous period	332.5	332.5	394.6	341.0	325.3	325.3	379.1	276.2	319.6	183.6	397.7	255.4
- Undistributed earnings in this period	81.2	35.1	22.4	114.3	71.1	36.6	23.7	176.3	94.7	200.7	31.7	157.7
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	4.3	4.2	4.2	4.2	4.2	4.2	4.1	4.1	1.9	1.2	1.2	1.3
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)	2,090.0	2,119.8	2,083.0	2,001.3	1,925.6	1,895.1	1,850.4	1,879.7	1,854.7	1,847.1	1,903.6	1,816.1

Item	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Profit Before Tax	49.5	16.4	26.9	73.3	19.9	33.5	29.8	40.1	34.6	39.1	39.7	74.2
Depreciation of Fixed Assets and Investment Property	5.1	5.0	5.1	5.3	4.5	4.3	4.4	4.6	4.4	4.3	4.3	4.6
Provision (Increase)/Reversal	0.9	1.6	-0.1	0.6	—	-0.4	0.0	0.6	0.1	-0.3	0.2	-0.4
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	-0.0	—	—	0.0	-0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-36.0	-7.2	-3.5	-11.9	-15.0	4.7	-16.7	-9.1	1.8	-15.6	-10.0	-14.3
Interest Expense	0.2	0.2	0.3	0.3	0.2	0.1	0.3	0.2	0.3	0.2	0.4	0.1
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	19.8	16.0	28.7	67.2	10.0	42.3	17.8	36.5	41.2	27.7	34.7	64.2
Increase/(Decrease) in Receivables	3.0	121.0	-9.0	-21.7	17.6	-55.9	-7.5	-4.8	21.2	-29.2	-102.3	28.0
Increase/(Decrease) in Inventory	0.3	-0.3	-0.0	0.0	0.0	0.4	-0.4	3.4	-1.1	7.3	7.6	0.1
Increase/(Decrease) in Payables (Excl. Interest and CIT)	105.6	-5.4	48.5	91.1	6.8	108.1	-9.3	-58.3	7.8	56.4	-61.4	-75.3
Increase/(Decrease) in Prepaid Expenses	1.2	1.4	1.4	-15.7	1.2	1.4	1.5	0.4	2.5	-3.8	-2.9	-0.0
Changes in Trading Securities	-3.9	-14.0	—	—	—	—	0.0	-10.2	24.9	-22.9	-1.9	-0.9
Interest Paid	-1.2	-0.1	-0.4	-0.3	1.3	-1.7	-0.3	-0.2	-0.3	-0.2	-0.4	-2.3
Corporate Income Tax Paid	-4.5	-0.0	-4.3	-19.9	-1.6	-4.7	-1.1	-6.4	-1.6	-5.1	-11.9	-8.3
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	-0.9	0.9	0.0	0.0
Other Operating Payments	-0.0	-9.3	-0.0	-0.6	—	-9.9	0.0	-0.2	10.3	-12.1	-0.0	-11.0
Net Cash Flow from Operating Activities	120.3	109.4	64.9	105.0	42.2	83.0	0.7	-39.7	103.8	18.8	-138.6	-5.5
Payments for Fixed Assets and Other Long-term Assets	-165.5	-103.3	-90.1	-66.1	-63.2	-126.2	-44.4	18.6	-60.1	-63.4	-1.0	9.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	—	0.0	0.2	0.0	0.0	0.0	0.1
Loans and Purchases of Debt Instruments	413.0	-243.4	2.5	-120.9	120.9	-33.3	-222.2	-40.2	-183.1	248.5	-312.5	-277.8
Receipts from Loan Repayments and Sale of Debt Instruments	-300.9	296.4	30.5	45.8	-82.7	82.7	245.6	90.1	62.4	-62.4	407.8	276.2
Investments in Other Entities	1.3	—	—	—	—	—	0.0	-29.6	26.1	0.0	-4.6	-32.1
Proceeds from Investments in Other Entities	2.0	—	—	0.7	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	38.6	-9.0	19.3	10.5	14.8	-2.9	16.4	12.2	5.5	19.5	6.6	33.8
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	-11.5	-59.3	-37.9	-125.0	-29.3	-79.7	-4.6	51.3	-149.2	142.2	96.3	9.5
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	9,081,980,000.00
Share Repurchases VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	-96.7	6.3	24.7	51.5	49.2	14.9	12.0	0.0	-0.0	3.5	79.0	30.4
Repayment of Borrowings	44.1	-43.9	-26.9	-56.4	-40.2	-2.3	-2.3	0.9	-5.5	-74.7	0.0	-32.7
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-0.0	-41.2	—	0.0	0.0	0.0	-53.8	0.0	-0.0	-31.2	-15.6	-0.5
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	-52.6	-78.8	-2.3	-4.9	9.0	12.6	-44.1	0.9	-5.5	-102.3	63.4	6.2
Net Cash Flow During the Period	56.2	-28.7	24.8	-24.9	21.8	15.9	-48.0	12.4	-50.9	58.7	21.2	10.3
Cash and Cash Equivalents at Beginning of Period	18.3	47.0	22.3	47.2	25.3	9.4	57.4	16.0	16.0	16.0	16.0	15.6
FX Difference from Revaluation	—	—	—	0.0	—	—	0.0	0.0	0.0	0.0	0.0	-0.0
Cash and Cash Equivalents at End of Period	74.4	18.3	47.0	22.3	47.2	25.3	9.4	57.4	45.0	95.9	37.2	16.0

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

How much does this stockcontribute to the portfolio?

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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?