The financial statements of KTC

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	6,011.3	5,509.4	6,096.3	6,856.1	5,687.3
Revenue Deductions	12.6	11.2	12.9	3.0	0.0
Net Revenue	5,998.7	5,498.1	6,083.4	6,853.1	5,678.9
Cost of Goods Sold	5,754.5	5,289.4	5,853.1	6,590.2	0.0
Gross Profit	244.2	208.7	230.3	262.9	253.1
Financial Income	22.8	25.1	29.1	28.9	31.8
Financial Expenses	42.8	44.0	51.2	58.0	-34.6
Interest Expense	32.2	37.9	39.9	24.7	-24.6
Share of Associates and Joint Ventures	16.8	12.1	9.6	6.2	8.8
Selling Expenses	141.1	121.7	137.5	172.2	-190.7
General and Administrative Expenses	59.6	60.0	56.4	54.5	-42.5
Operating Profit	40.4	20.2	23.9	13.4	25.8
Other Income	8.4	12.2	6.0	6.7	0.0
Other Expenses	5.3	2.9	0.3	0.3	0.0
Other Profit	3.1	9.3	5.7	6.4	1.4
Profit Before Tax	43.5	29.5	29.6	19.8	27.2
Current Income Tax Expense	7.5	4.0	4.1	2.3	-4.4
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	36.0	25.6	25.5	17.4	22.7
Non-controlling Interest	0.0	0.0	0.0	0.0	-0.1
Profit Attributable to Parent	36.0	25.5	25.5	17.4	22.8
Earnings per Share VND per share	986.00	701.00	698.00	478.00	625.00
Diluted EPS VND per share	986.03	700.50	698.27	478.01	625.26

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,040.8	913.4	846.2	880.9	828.4
I. Cash and cash equivalents	27.7	42.3	77.4	227.7	88.3
1. Cash	27.7	42.1	77.4	227.7	0.0
2. Cash equivalents	—	0.3	0.0	0.0	0.0
II. Short-term financial investments	17.5	56.7	16.0	15.2	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	17.5	56.7	16.0	15.2	0.0
III. Short-term receivables	302.9	170.0	138.9	153.9	187.4
1. Short-term trade accounts receivable	235.1	120.6	110.4	121.6	0.0
2. Short-term prepayments to suppliers	61.7	39.4	19.4	22.6	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	24.2	26.0	25.4	26.4	0.0
7. Provision for short-term doubtful debts (*)	-18.2	-16.0	-16.3	-16.8	0.0
8. Assets awaiting resolution	0.0	0.1	0.0	0.0	0.0
IV. Inventories	632.6	625.6	599.3	468.3	536.1
1. Inventories	634.5	625.6	599.3	468.3	0.0
2. Provision for decline in value of inventories	-1.9	0.0	0.0	0.0	0.0
V. Other short-term assets	60.1	18.7	14.6	15.9	16.6
1. Short-term prepayments	2.6	2.4	3.0	1.4	0.0
2. Value added tax to be reclaimed	53.8	14.0	10.2	12.3	0.0
3. Taxes and other receivables from state authorities	3.7	2.3	1.4	2.1	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)	392.1	407.8	451.4	477.7	496.3
I. Long-term receivables	—	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other long-term receivables	—	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	260.3	278.6	322.9	348.4	362.8
1. Tangible fixed assets	146.0	162.7	200.0	223.8	236.5
- Cost	547.1	548.1	615.0	617.4	0.0
- Accumulated depreciation	-401.1	-385.4	-415.0	-393.6	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	114.3	115.9	122.9	124.6	126.3
- Cost	125.8	125.8	133.5	133.5	0.0
- Accumulated depreciation	-11.5	-9.9	-10.6	-8.9	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	20.3	20.6	21.6	19.3	24.4
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	20.3	20.6	21.6	19.3	0.0
V. Long-term financial investments	93.8	91.5	90.1	90.8	89.8
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	91.5	83.4	82.0	82.7	0.0
3. Investments in other entities	11.9	11.9	11.9	11.9	0.0
4. Provision for diminution in value of long-term investments	-9.5	-3.7	-3.7	-3.7	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	17.7	17.0	16.8	19.2	0.0
1. Long-term prepayments	17.7	17.0	16.8	19.2	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	19.3
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)	1,432.9	1,321.1	1,297.6	1,358.6	1,324.7
A. LIABILITIES (300=210+330)	1,006.8	910.7	891.7	953.0	917.7
I. Short -term liabilities	1,006.8	910.7	891.7	953.0	909.7
1. Short-term trade accounts payable	66.4	59.0	54.7	93.1	78.3
2. Short-term advances from customers	71.9	42.6	43.9	49.7	49.2
3. Taxes and other payables to state authorities	2.8	2.2	4.3	0.7	0.0
4. Payable to employees	27.9	24.9	22.0	18.5	0.0
5. Short-term acrrued expenses	6.0	11.8	14.9	14.3	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	0.9	0.6	0.7	0.6	0.5
9. Other short-term payables	31.6	31.1	30.3	28.3	0.0
10. Short-term borrowings and financial leases	798.8	738.4	720.6	747.7	733.2
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.5	0.2	0.4	0.1	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	—	0.0	0.0	0.0	8.0
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	—	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	—	0.0	0.0	0.0	8.0
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)	425.6	410.4	405.9	405.6	407.0
I. Owner's equity	425.6	410.4	405.9	405.6	0.0
1. Owner's capital	364.7	364.7	364.7	364.7	407.0
- Common stock with voting right VND per share	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00
- 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	-17.7	-15.5	-15.5	-15.5	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	22.5	21.1	18.0	16.7	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	56.0	39.7	38.3	39.3	44.2
- Accumulated retained earning at the end of the previous period	20.0	14.1	12.8	21.9	21.4
- Undistributed earnings in this period	36.0	25.5	25.5	17.4	22.8
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	—	0.4	0.4	0.4	0.4
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	0.5	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,432.9	1,321.1	1,297.6	1,358.6	1,324.7

Item	2025	2024	2023	2022	2021
Profit Before Tax	43.5	29.5	29.6	19.8	27.2
Depreciation of Fixed Assets and Investment Property	21.1	23.4	26.8	27.8	27.2
Provision (Increase)/Reversal	9.8	-0.3	-0.5	-2.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.1	0.5	-0.0	0.1	0.0
Gain/Loss from Investment Activities	-18.7	-11.1	-16.4	-10.3	0.0
Interest Expense	32.2	37.9	39.9	24.7	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	88.0	79.9	79.3	60.0	69.7
Increase/(Decrease) in Receivables	-176.7	-34.7	19.0	47.2	0.0
Increase/(Decrease) in Inventory	-8.8	-26.3	-131.0	70.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	37.4	9.7	-39.8	5.7	0.0
Increase/(Decrease) in Prepaid Expenses	0.3	0.7	1.1	0.7	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-35.8	-43.0	-39.7	-22.5	0.0
Corporate Income Tax Paid	-6.8	-8.2	-0.2	-3.1	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-2.0	-2.2	-4.9	-6.6	0.0
Net Cash Flow from Operating Activities	-104.3	-24.1	-116.1	151.5	-46.3
Payments for Fixed Assets and Other Long-term Assets	-3.5	-4.7	-3.6	-8.4	-23.5
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.1	24.9	0.9	0.0	0.4
Loans and Purchases of Debt Instruments	-74.6	-93.1	-0.9	-15.2	-30.0
Receipts from Loan Repayments and Sale of Debt Instruments	113.8	52.5	0.0	0.0	30.0
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	8.1	6.9	10.1	6.3	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	43.9	-13.6	6.5	-17.2	-14.3
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	5,043.9	4,843.8	5,445.8	6,050.8	4,994.4
Repayment of Borrowings	-4,983.5	-4,826.4	-5,472.8	-6,044.4	-4,935.1
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-14.6	-14.7	-13.7	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	45.8	2.7	-40.7	6.4	59.4
Net Cash Flow During the Period	-14.6	-35.0	-150.3	140.7	38.5
Cash and Cash Equivalents at Beginning of Period	42.3	77.4	227.7	88.3	89.5
FX Difference from Revaluation	0.0	0.0	0.0	-1.3	-0.0
Cash and Cash Equivalents at End of Period	27.7	42.3	77.4	227.7	88.3

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
Revenue	2,260.6	1,825.2	1,610.8	1,441.3	1,566.9	1,393.0	1,227.0	1,273.8	1,620.3	1,388.7	1,305.0	1,639.4
Revenue Deductions	0.1	0.1	11.1	0.0	0.1	1.4	21.9	0.1	0.0	0.0	0.1	0.0
Net Revenue	2,260.5	1,825.1	1,599.7	1,441.2	1,566.8	1,391.6	1,205.2	1,273.7	1,620.3	1,388.7	1,304.9	1,639.4
Cost of Goods Sold	2,157.2	1,724.7	1,536.7	1,380.5	1,504.2	1,333.7	1,160.1	1,223.8	1,560.5	1,334.2	1,252.7	1,574.4
Gross Profit	103.3	100.4	63.0	60.7	62.6	57.9	45.1	49.9	59.8	54.5	52.2	64.9
Financial Income	3.0	2.7	5.3	3.1	10.6	3.6	6.2	5.1	10.3	3.5	4.8	7.0
Financial Expenses	15.7	12.9	7.8	10.3	17.6	9.2	3.1	13.6	14.0	8.7	11.8	11.7
Interest Expense	15.3	11.7	5.7	9.7	10.7	8.3	0.7	9.9	4.4	8.6	8.3	9.1
Share of Associates and Joint Ventures	6.5	9.5	2.2	8.1	1.3	5.3	1.6	1.6	3.5	5.4	1.6	4.9
Selling Expenses	64.7	51.1	41.2	35.7	31.5	32.7	27.8	29.3	36.5	28.0	27.2	36.2
General and Administrative Expenses	19.9	14.8	21.1	17.7	11.6	11.8	23.4	10.2	12.6	14.1	19.5	13.9
Operating Profit	12.5	33.8	0.2	8.2	13.8	13.1	-1.4	3.6	10.5	12.6	-0.0	15.1
Other Income	0.6	0.1	5.7	2.5	0.2	0.1	1.7	1.6	0.2	3.7	4.0	1.3
Other Expenses	0.0	0.1	1.0	0.0	1.5	—	2.8	0.0	0.0	0.0	0.1	0.0
Other Profit	0.6	0.0	4.7	2.5	-1.2	0.1	-1.1	1.5	0.2	3.7	3.9	1.3
Profit Before Tax	13.1	33.8	4.9	10.7	12.6	13.2	-2.5	5.1	10.7	16.3	3.8	16.4
Current Income Tax Expense	2.5	4.8	2.5	0.9	2.5	1.3	-0.1	0.3	1.5	2.1	1.1	2.3
Deferred Income Tax Expense	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	10.6	29.0	2.4	9.8	10.1	11.8	-2.4	4.8	9.3	14.1	2.8	14.1
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	10.5	28.9	2.4	9.8	10.1	11.8	-2.4	4.8	9.3	14.1	2.7	14.1
Earnings per Share VND per share	793.00	793.00	66.00	269.00	277.00	323.00	-67.00	131.00	254.00	387.00	75.00	386.00
Diluted EPS VND per share	288.69	793.09	66.12	268.73	276.82	323.30	-67.07	131.18	253.88	386.98	74.99	386.49

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)	912.3	1,049.6	1,041.1	1,165.2	896.1	1,104.8	913.5	1,088.5	1,295.0	1,270.0	883.1	1,030.7
I. Cash and cash equivalents	28.2	45.5	27.7	46.2	35.4	60.2	42.1	58.0	184.7	53.8	77.4	111.4
1. Cash	28.2	45.5	27.7	46.2	35.4	60.2	42.1	58.0	143.6	53.8	77.4	111.4
2. Cash equivalents	—	—	—	—	—	—	0.0	0.0	41.2	0.0	0.0	0.0
II. Short-term financial investments	33.0	17.9	17.5	57.5	17.1	57.1	57.0	76.7	76.4	16.4	16.0	17.0
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	33.0	17.9	17.5	57.5	17.1	57.1	57.0	76.7	76.4	16.4	16.0	17.0
III. Short-term receivables	189.9	251.4	302.9	273.1	229.9	296.3	170.0	237.6	203.0	340.1	175.8	260.4
1. Short-term trade accounts receivable	155.0	162.4	235.1	220.2	193.5	233.2	120.6	196.3	171.1	289.7	110.4	195.9
2. Short-term prepayments to suppliers	35.1	87.8	61.7	50.1	29.3	56.0	39.4	35.8	25.2	43.0	18.5	60.8
3. Short-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	38.1	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	20.7	21.4	24.2	21.1	22.6	22.9	26.0	21.6	22.9	23.8	25.1	20.6
7. Provision for short-term doubtful debts (*)	-20.9	-20.4	-18.2	-18.2	-15.5	-16.0	-16.0	-16.2	-16.3	-16.3	-16.3	-16.8
8. Assets awaiting resolution	0.0	0.1	0.0	0.0	0.0	0.1	0.1	0.1	0.0	0.0	0.0	0.0
IV. Inventories	613.1	690.3	632.6	742.9	588.9	665.6	625.8	701.7	815.1	842.4	599.3	627.6
1. Inventories	613.1	690.6	634.5	742.9	588.9	665.6	625.8	703.1	817.5	842.4	599.3	627.6
2. Provision for decline in value of inventories	—	-0.2	-1.9	—	—	—	0.0	-1.4	-2.4	0.0	0.0	0.0
V. Other short-term assets	48.1	44.5	60.4	45.5	24.8	25.6	18.6	14.6	15.7	17.2	14.6	14.3
1. Short-term prepayments	5.1	6.7	2.9	4.7	5.0	8.1	2.4	3.3	4.2	3.9	3.0	3.1
2. Value added tax to be reclaimed	41.0	35.6	53.8	39.2	18.4	15.6	14.0	9.9	10.2	11.9	10.2	9.3
3. Taxes and other receivables from state authorities	2.0	2.3	3.7	1.5	1.3	1.9	2.3	1.3	1.3	1.4	1.4	1.9
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)	390.0	389.9	391.8	394.0	393.3	401.7	407.8	432.6	436.9	439.7	451.4	454.9
I. Long-term receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term trade receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	245.3	260.3	260.3	264.7	269.7	274.5	280.6	302.8	308.1	311.1	322.9	329.6
1. Tangible fixed assets	142.5	146.5	146.0	150.0	154.6	159.0	164.7	182.1	187.0	189.6	200.0	206.2
- Cost	553.1	552.4	—	—	—	—	550.1	593.6	595.7	592.6	614.7	616.6
- Accumulated depreciation	-410.6	-405.9	—	—	—	—	-385.4	-411.6	-408.8	-403.1	-414.8	-410.4
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	102.9	113.9	114.3	114.7	115.1	115.5	115.9	120.7	121.1	121.6	122.9	123.4
- Cost	114.1	125.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-11.2	-11.9	—	—	—	—	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	34.9	22.6	20.3	19.0	18.8	18.8	20.6	20.3	20.3	22.7	21.6	19.4
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	34.9	22.6	20.3	19.0	18.8	18.8	20.6	20.3	20.3	22.7	21.6	19.4
V. Long-term financial investments	93.7	92.3	93.8	93.4	86.8	91.5	91.5	94.5	93.0	89.7	90.1	89.0
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	91.3	90.0	91.5	90.8	84.1	83.3	83.4	86.4	84.9	81.5	82.0	80.9
3. Investments in other entities	11.9	11.9	11.9	11.9	11.9	11.9	11.9	11.9	11.9	11.9	11.9	11.9
4. Provision for diminution in value of long-term investments	-9.5	-9.5	-9.5	-9.2	-9.2	-3.7	-3.7	-3.7	-3.7	-3.7	-3.7	-3.7
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	16.0	14.7	17.5	16.9	18.1	17.0	15.1	15.1	15.6	16.3	16.8	16.8
1. Long-term prepayments	16.0	14.7	17.5	16.9	18.1	17.0	15.1	15.1	15.6	16.3	16.8	16.8
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)	1,302.3	1,439.5	1,432.9	1,559.2	1,289.4	1,506.5	1,321.3	1,521.1	1,731.9	1,709.7	1,334.5	1,485.6
A. LIABILITIES (300=210+330)	858.1	995.0	1,006.8	1,123.4	865.7	1,090.7	910.7	1,098.9	1,314.3	1,301.2	928.6	1,077.8
I. Short -term liabilities	857.6	995.0	1,006.8	1,123.4	865.7	1,090.7	910.7	1,098.9	1,314.3	1,301.2	928.6	1,077.8
1. Short-term trade accounts payable	27.6	39.3	66.4	75.5	52.8	47.4	59.0	101.7	39.7	72.7	54.7	94.4
2. Short-term advances from customers	54.7	58.4	71.9	70.8	54.1	42.4	42.6	54.7	49.2	38.6	43.1	43.1
3. Taxes and other payables to state authorities	5.7	6.8	2.9	2.3	3.5	5.1	2.1	3.3	5.0	4.9	4.3	4.1
4. Payable to employees	33.1	15.5	27.7	17.3	10.4	5.8	25.1	12.1	12.6	10.0	22.0	10.9
5. Short-term acrrued expenses	6.7	6.8	6.0	8.6	9.2	17.3	11.8	23.4	25.2	19.9	14.9	20.6
6. Short-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	38.1	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	0.7	0.8	0.9	0.6	0.7	0.7	0.6	0.3	0.5	0.5	0.7	0.3
9. Other short-term payables	34.9	33.8	31.6	33.3	33.4	31.9	30.9	36.8	31.7	30.9	30.3	33.6
10. Short-term borrowings and financial leases	686.8	833.1	798.8	913.7	699.6	939.8	738.4	866.4	1,149.1	1,121.8	720.6	870.5
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	7.5	0.4	0.5	1.1	2.0	0.2	0.2	0.2	1.3	2.0	0.1	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	0.5	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	0.5	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	—	—	—	—	—	—	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)	444.2	444.5	426.1	435.8	423.6	415.9	410.6	422.2	417.5	408.4	405.9	407.7
I. Owner's equity	444.2	444.5	426.1	435.8	423.6	415.9	410.6	422.2	417.5	408.4	405.9	407.7
1. Owner's capital	364.7	364.7	364.7	364.7	364.7	364.7	364.7	364.7	364.7	364.7	364.7	364.7
- Common stock with voting right VND per share	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00	364,738,330,000.00
- 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	-17.7	-17.7	-17.7	-18.5	-15.5	-15.5	-15.5	-15.5	-15.5	-15.5	-15.5	-15.5
7. Foreign exchange differences	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	25.1	22.5	22.5	23.4	23.4	21.1	21.1	19.9	19.9	19.9	18.0	18.1
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	71.5	74.3	56.0	65.7	50.6	45.1	39.8	52.6	47.9	38.9	38.3	40.0
- Accumulated retained earning at the end of the previous period	32.1	45.4	20.0	32.2	28.7	33.3	14.1	24.6	24.5	24.7	15.3	19.8
- Undistributed earnings in this period	39.5	28.9	35.9	33.5	21.9	11.8	25.7	28.0	23.4	14.1	23.0	20.3
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	0.5	0.5	0.5	0.5	0.5	0.4	0.4	0.4	0.4	0.4	0.4	0.4
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)	1,302.3	1,439.5	1,432.9	1,559.2	1,289.4	1,506.5	1,321.3	1,521.1	1,731.9	1,709.7	1,334.5	1,485.6

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
Profit Before Tax	13.1	33.8	4.8	10.7	14.9	13.2	-2.5	5.1	10.7	16.3	6.3	16.4
Depreciation of Fixed Assets and Investment Property	7.5	5.2	5.2	5.2	5.3	5.4	5.5	5.4	5.9	6.6	6.8	6.4
Provision (Increase)/Reversal	-1.4	2.2	2.1	2.7	5.0	-0.0	-0.3	-2.4	2.4	-0.0	-0.5	-0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.3	—	0.4	—	-0.3	—	0.5	0.0	0.0	0.0	-0.0	-1.4
Gain/Loss from Investment Activities	9.3	-9.5	-6.0	-3.0	-4.5	-5.3	1.4	-0.1	-3.5	-9.0	-3.2	-8.1
Interest Expense	15.3	11.7	5.5	9.7	8.6	8.3	0.7	9.9	13.0	8.6	8.3	9.1
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	43.5	43.5	11.7	25.7	29.1	21.6	5.3	17.9	28.5	22.5	17.7	22.4
Increase/(Decrease) in Receivables	48.3	68.6	-43.1	-68.6	66.1	-131.1	63.0	-32.6	136.1	-203.3	125.2	-84.4
Increase/(Decrease) in Inventory	79.1	-57.7	108.4	-157.7	80.3	-39.9	75.9	109.2	31.6	-243.2	28.3	-145.5
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-9.3	-50.7	-1.7	50.0	9.2	-20.1	-54.0	70.3	-8.1	0.6	-37.7	47.7
Increase/(Decrease) in Prepaid Expenses	-2.0	-1.0	0.3	3.1	4.0	-7.1	1.0	1.4	0.5	-0.3	0.2	2.1
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-16.0	-11.7	-6.8	-6.4	-14.3	-8.3	-4.0	-3.2	-20.2	-8.1	-9.0	-9.1
Corporate Income Tax Paid	-5.6	-0.3	-1.0	-4.7	-0.9	-0.2	-2.8	-2.4	-2.7	-0.3	0.0	0.1
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-1.0	—	-0.0	-0.9	-0.0	-1.1	-0.0	-1.1	-4.4	-0.4	-0.0	0.0
Net Cash Flow from Operating Activities	137.0	-9.4	67.8	-159.4	173.5	-186.2	84.4	159.5	161.3	-432.4	124.7	-166.8
Payments for Fixed Assets and Other Long-term Assets	-2.6	-7.6	-0.9	-2.2	0.1	-0.5	-1.8	-3.7	-0.5	-1.5	-2.3	-0.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.1	—	0.0	—	0.1	—	15.8	0.0	0.0	9.1	0.3	0.0
Loans and Purchases of Debt Instruments	-47.9	—	-57.5	0.0	0.0	-17.1	-17.0	0.0	-76.4	0.0	0.9	34.5
Receipts from Loan Repayments and Sale of Debt Instruments	32.5	—	97.1	-40.0	40.0	16.7	36.4	0.0	16.0	0.0	0.0	-15.2
Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	2.6	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	7.4	0.4	4.2	-1.3	1.3	3.9	5.6	0.1	3.2	0.0	-0.5	3.2
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	-8.0	-7.2	43.0	-43.7	41.6	3.0	39.0	-3.5	-57.7	7.7	-1.6	22.3
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	—	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
Proceeds from Borrowings	1,670.9	1,577.4	1,267.2	1,335.9	1,180.0	1,260.8	1,003.1	918.1	1,462.0	1,460.6	1,075.2	1,644.2
Repayment of Borrowings	-1,817.2	-1,543.0	-1,382.1	-1,121.8	-1,420.2	-1,059.4	-1,131.5	-1,200.8	-1,434.7	-1,059.4	-1,225.1	-1,432.7
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	—	-14.6	—	—	—	-10.9	0.0	0.0	0.0	-7.3	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	-146.4	34.3	-129.5	214.1	-240.1	201.4	-139.4	-282.7	27.3	401.2	-157.2	211.5
Net Cash Flow During the Period	-17.3	17.7	-18.7	11.1	-25.1	18.2	-15.9	-126.7	130.9	-23.6	-34.0	67.0
Cash and Cash Equivalents at Beginning of Period	45.5	27.7	46.2	36.9	60.2	42.1	77.4	77.4	77.4	77.4	227.7	227.7
FX Difference from Revaluation	0.0	—	0.0	—	—	—	0.0	0.0	0.0	0.0	0.0	-0.0
Cash and Cash Equivalents at End of Period	28.2	45.5	27.7	46.2	36.9	60.2	42.1	58.0	184.7	53.8	77.4	111.4

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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?

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?