The financial statements of OPC

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	1,124.5	969.6	1,009.0	1,194.0	1,126.5
Revenue Deductions	1.6	1.0	4.1	22.4	0.0
Net Revenue	1,123.0	968.6	1,004.9	1,171.6	1,123.8
Cost of Goods Sold	658.0	565.8	577.8	686.8	0.0
Gross Profit	464.9	402.8	427.1	484.9	441.0
Financial Income	20.3	9.0	16.6	8.3	4.1
Financial Expenses	6.3	6.9	7.5	8.1	-11.6
Interest Expense	—	0.0	0.3	0.9	-4.8
Share of Associates and Joint Ventures	1.9	1.5	0.8	0.8	0.2
Selling Expenses	222.1	187.8	180.9	208.7	-190.3
General and Administrative Expenses	110.5	80.6	100.0	97.5	-84.1
Operating Profit	148.2	138.1	156.1	179.6	159.3
Other Income	1.0	1.0	0.7	0.8	0.0
Other Expenses	1.2	1.9	1.5	0.5	0.0
Other Profit	-0.2	-0.9	-0.7	0.4	-0.1
Profit Before Tax	148.0	137.1	155.3	179.9	159.2
Current Income Tax Expense	33.1	22.7	39.4	37.4	-35.9
Deferred Income Tax Expense	-1.5	5.0	-6.4	0.1	0.0
Net Income	116.4	109.5	122.3	142.4	123.4
Non-controlling Interest	0.5	2.4	0.1	0.3	-3.0
Profit Attributable to Parent	115.9	107.1	122.2	142.1	126.4
Earnings per Share VND per share	1,538.00	1,421.00	1,634.00	2,000.00	4,755.07
Diluted EPS VND per share	1,538.00	1,421.00	1,634.00	2,000.00	4,755.07

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,051.4	903.8	927.7	911.3	886.3
I. Cash and cash equivalents	222.4	175.6	294.3	86.6	194.6
1. Cash	41.7	108.2	272.3	53.1	0.0
2. Cash equivalents	180.8	67.4	22.0	33.5	0.0
II. Short-term financial investments	96.0	71.1	26.8	228.6	0.0
1. Available for sale securities	0.1	0.1	0.1	159.3	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	95.9	71.0	26.8	69.3	0.0
III. Short-term receivables	306.5	261.2	235.4	172.3	133.4
1. Short-term trade accounts receivable	324.9	282.3	251.4	193.0	0.0
2. Short-term prepayments to suppliers	12.5	8.3	15.2	7.5	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	—	0.0	0.0	0.0	0.0
6. Other short-term receivables	7.6	7.1	5.2	6.4	0.0
7. Provision for short-term doubtful debts (*)	-38.4	-36.5	-36.4	-34.6	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	410.3	383.1	358.6	410.6	522.6
1. Inventories	419.0	390.3	375.0	419.1	0.0
2. Provision for decline in value of inventories	-8.7	-7.2	-16.5	-8.6	0.0
V. Other short-term assets	16.2	12.9	12.5	13.2	12.2
1. Short-term prepayments	2.0	1.1	1.0	0.6	0.0
2. Value added tax to be reclaimed	11.3	11.4	11.4	12.4	0.0
3. Taxes and other receivables from state authorities	2.9	0.3	0.0	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)	320.3	317.7	333.2	335.0	351.7
I. Long-term receivables	3.8	3.8	3.8	3.8	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	3.8
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other long-term receivables	3.8	3.8	3.8	4.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	-0.2	0.0
II. Fixed assets	198.1	210.1	223.4	234.5	252.8
1. Tangible fixed assets	125.3	136.1	149.4	159.5	176.6
- Cost	570.4	560.8	557.8	545.9	0.0
- Accumulated depreciation	-445.1	-424.6	-408.4	-386.4	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	72.8	73.9	73.9	75.0	76.1
- Cost	85.2	85.1	83.9	83.9	0.0
- Accumulated depreciation	-12.4	-11.2	-10.0	-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	37.2	24.3	21.6	17.1	14.4
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	37.2	24.3	21.6	17.1	0.0
V. Long-term financial investments	21.3	25.0	24.4	24.2	23.7
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	13.7	13.3	12.7	12.5	0.0
3. Investments in other entities	7.6	11.7	11.7	11.7	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	59.9	54.6	60.0	55.4	0.0
1. Long-term prepayments	53.8	50.0	50.5	52.2	0.0
2. Deferred income tax assets	6.1	4.6	9.5	3.2	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	57.1
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)	1,371.7	1,221.6	1,260.8	1,246.2	1,238.0
A. LIABILITIES (300=210+330)	396.2	344.8	376.7	374.3	495.0
I. Short -term liabilities	386.8	340.0	371.7	368.8	489.5
1. Short-term trade accounts payable	61.3	64.0	43.7	51.7	71.1
2. Short-term advances from customers	178.8	184.3	221.7	209.8	212.5
3. Taxes and other payables to state authorities	17.7	14.6	20.9	14.4	0.0
4. Payable to employees	68.2	30.8	54.2	71.0	0.0
5. Short-term acrrued expenses	25.6	16.0	21.5	12.0	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	3.3	0.0	0.2
9. Other short-term payables	30.6	28.9	3.1	1.9	0.0
10. Short-term borrowings and financial leases	—	0.0	0.0	0.0	71.3
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	4.6	1.2	3.3	8.1	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	9.4	4.8	4.9	5.4	5.5
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	5.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	0.1	0.1	0.1	0.1	0.0
8. Long-term borrowings and financial leases	—	0.0	0.0	0.0	0.0
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	4.3	4.7	4.7	5.1	0.0
13. Fund for technology development	0.0	0.1	0.1	0.2	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	910.4	876.8	884.2	872.0	743.0
I. Owner's equity	910.4	876.8	884.2	872.0	0.0
1. Owner's capital	640.5	640.5	640.5	640.5	743.0
- Common stock with voting right VND per share	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	265,772,800,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	0.9	0.9	0.9	0.9	16.7
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	0.6	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	76.2	65.9	47.6	26.6	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	192.2	104.9	132.9	141.8	169.3
- Accumulated retained earning at the end of the previous period	83.3	0.0	10.7	0.7	70.4
- Undistributed earnings in this period	108.9	104.9	122.2	141.2	98.9
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	—	64.6	62.2	62.1	61.9
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	65.1	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,371.7	1,221.6	1,260.8	1,246.2	1,238.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	148.0	137.1	155.3	179.9	159.2
Depreciation of Fixed Assets and Investment Property	21.7	22.3	22.9	22.8	22.5
Provision (Increase)/Reversal	3.4	-8.9	9.6	5.7	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.0	-0.0	-0.0	-0.2	0.0
Gain/Loss from Investment Activities	-21.0	-10.0	-16.7	-8.8	0.0
Interest Expense	—	0.0	0.3	0.9	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	152.1	140.4	171.4	200.4	188.3
Increase/(Decrease) in Receivables	-53.0	-24.5	-65.4	-38.5	0.0
Increase/(Decrease) in Inventory	-28.7	-15.3	44.1	107.4	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	39.9	-24.8	1.9	-11.6	0.0
Increase/(Decrease) in Prepaid Expenses	-6.3	-1.7	-0.8	1.6	0.0
Changes in Trading Securities	—	0.0	159.2	-159.2	0.0
Interest Paid	—	0.0	-0.3	-1.4	0.0
Corporate Income Tax Paid	-29.8	-28.0	-36.0	-37.6	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-14.3	-22.4	-18.7	-25.0	0.0
Net Cash Flow from Operating Activities	59.9	23.7	255.4	36.1	192.4
Payments for Fixed Assets and Other Long-term Assets	-18.3	-11.6	-12.0	-7.4	-10.6
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.2	0.0	0.2	0.0
Loans and Purchases of Debt Instruments	-191.1	-193.0	-68.7	-186.8	-53.0
Receipts from Loan Repayments and Sale of Debt Instruments	171.2	148.8	111.2	136.0	59.9
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	11.2	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	13.8	9.1	17.7	6.9	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-13.1	-46.5	48.1	-51.1	1.4
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	—	0.0	36.5	17.1	309.2
Repayment of Borrowings	—	0.0	-36.5	-88.4	-314.4
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	—	-95.9	-95.8	-26.6	-53.4
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	—	-95.9	-95.8	-97.9	-58.7
Net Cash Flow During the Period	46.8	-118.7	207.7	-113.0	98.3
Cash and Cash Equivalents at Beginning of Period	175.6	294.3	86.6	199.6	59.4
FX Difference from Revaluation	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	222.4	175.6	294.3	86.6	194.6

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	262.5	217.3	403.4	273.2	237.3	210.7	337.7	194.2	219.5	221.2	326.8	222.6
Revenue Deductions	0.6	1.0	0.6	0.4	0.3	0.2	0.2	0.2	0.5	0.1	3.3	0.1
Net Revenue	261.9	216.3	402.8	272.8	237.0	210.5	337.5	194.0	218.9	221.2	323.5	222.5
Cost of Goods Sold	155.6	130.1	246.4	157.3	135.1	119.3	200.1	116.2	132.4	117.0	193.2	123.9
Gross Profit	106.3	86.1	156.4	115.5	101.9	91.2	137.4	77.8	86.5	104.1	130.3	98.5
Financial Income	4.3	2.2	10.1	2.9	4.8	2.4	3.0	1.3	7.9	2.4	2.5	2.0
Financial Expenses	0.5	0.7	2.0	1.5	1.3	1.5	1.8	1.0	0.8	3.3	2.6	1.5
Interest Expense	—	—	—	—	—	—	0.0	0.0	-0.1	0.1	0.0	0.0
Share of Associates and Joint Ventures	0.3	0.5	0.9	0.6	0.1	0.4	0.5	0.3	0.5	0.3	0.6	0.1
Selling Expenses	55.1	37.0	81.4	52.2	51.1	37.4	73.6	31.8	40.9	44.6	61.2	38.1
General and Administrative Expenses	18.3	25.8	36.0	23.8	26.2	24.4	25.9	18.1	19.5	17.1	36.9	21.1
Operating Profit	37.0	25.4	47.9	41.4	28.2	30.7	39.6	28.6	33.7	41.9	32.6	39.8
Other Income	0.6	0.3	0.4	0.2	0.3	0.2	0.4	0.2	0.3	0.1	0.2	0.2
Other Expenses	0.6	0.3	0.4	0.2	0.2	0.3	1.3	0.2	0.2	0.2	1.0	0.1
Other Profit	-0.1	-0.0	-0.0	-0.1	0.0	-0.1	-0.9	-0.0	0.1	-0.1	-0.8	0.1
Profit Before Tax	37.0	25.3	47.9	41.3	28.2	30.6	38.7	28.5	33.7	41.8	31.8	39.9
Current Income Tax Expense	11.6	1.9	10.1	10.1	8.1	4.8	9.1	5.4	5.0	2.6	15.2	8.4
Deferred Income Tax Expense	-3.3	3.6	0.0	-1.4	-1.9	1.7	-1.4	0.6	0.6	5.8	-7.6	-0.1
Net Income	28.6	19.8	37.7	32.6	21.9	24.1	31.1	22.6	28.1	33.4	24.2	31.6
Non-controlling Interest	-0.7	0.1	0.2	0.2	0.1	0.1	0.7	-0.1	0.4	1.4	-0.3	-0.2
Profit Attributable to Parent	29.3	19.6	37.5	32.5	21.9	24.0	30.4	22.7	27.7	32.0	24.5	31.8
Earnings per Share VND per share	457.48	306.73	585.95	507.13	341.47	375.13	474.47	354.38	432.02	498.89	382.97	496.71
Diluted EPS VND per share	457.48	306.73	585.95	507.13	341.47	375.13	1,420.00	354.38	432.02	498.89	382.97	496.71

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)	1,035.4	982.2	1,051.4	986.4	927.6	884.3	904.1	836.6	820.6	877.3	931.4	859.4
I. Cash and cash equivalents	243.3	190.8	222.4	142.4	136.9	185.5	207.6	197.4	172.3	270.7	294.3	189.6
1. Cash	48.8	49.0	41.7	64.1	37.6	57.3	108.2	79.0	152.0	204.7	272.3	172.3
2. Cash equivalents	194.5	141.8	180.8	78.3	99.3	128.2	99.4	118.4	20.3	66.0	22.0	17.2
II. Short-term financial investments	81.1	54.1	96.0	175.8	134.3	69.1	39.1	40.1	36.1	31.6	26.8	36.0
1. Available for sale securities	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
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	81.0	54.0	95.9	175.7	134.2	69.0	39.0	40.0	36.0	31.5	26.8	36.0
III. Short-term receivables	254.7	291.8	306.5	246.0	220.7	215.9	261.5	212.1	231.1	193.3	235.4	229.9
1. Short-term trade accounts receivable	278.7	310.5	324.9	260.4	241.5	235.4	282.6	233.1	248.3	210.9	251.3	250.2
2. Short-term prepayments to suppliers	6.7	13.7	12.5	17.1	12.1	10.5	8.3	4.3	5.8	13.2	15.2	8.4
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	6.5	6.1	7.6	7.2	5.9	6.6	7.1	11.8	13.7	5.5	5.2	4.9
7. Provision for short-term doubtful debts (*)	-37.1	-38.4	-38.4	-38.8	-38.8	-36.5	-36.5	-37.1	-36.8	-36.4	-36.4	-33.5
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	437.5	427.7	410.3	403.9	416.3	398.1	383.1	372.1	365.5	369.5	362.4	388.6
1. Inventories	445.8	435.8	419.0	411.1	423.8	405.7	390.3	381.2	379.8	385.9	378.8	399.1
2. Provision for decline in value of inventories	-8.3	-8.0	-8.7	-7.2	-7.5	-7.5	-7.2	-9.1	-14.3	-16.5	-16.5	-10.5
V. Other short-term assets	18.8	17.7	16.2	18.3	19.5	15.7	12.9	15.0	15.6	12.1	12.5	15.2
1. Short-term prepayments	6.4	2.2	2.0	5.7	5.7	1.2	1.1	3.3	3.7	1.1	1.0	3.4
2. Value added tax to be reclaimed	12.0	12.2	11.3	10.9	11.3	12.1	11.4	11.4	11.5	11.0	11.4	11.7
3. Taxes and other receivables from state authorities	0.3	3.2	2.9	1.7	2.4	2.4	0.3	0.3	0.4	0.1	0.0	0.1
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)	316.2	319.6	320.3	323.2	315.1	312.2	317.7	321.2	324.8	323.5	333.2	324.3
I. Long-term receivables	3.8	3.8	3.8	3.8	3.8	3.8	3.8	3.8	3.8	3.8	3.8	3.8
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	3.8	3.8	3.8	3.8	3.8	3.8	3.8	3.8	3.8	3.8	3.8	3.8
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	188.1	193.2	198.1	199.3	199.5	204.7	210.1	215.4	219.5	218.3	223.4	222.2
1. Tangible fixed assets	115.9	120.7	125.3	126.3	126.1	131.1	136.1	141.1	144.9	144.6	149.4	148.0
- Cost	571.1	570.8	—	—	—	—	560.8	565.2	563.8	558.3	557.8	551.0
- Accumulated depreciation	-455.2	-450.1	—	—	—	—	-424.6	-424.1	-418.9	-413.7	-408.4	-403.0
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	72.2	72.5	72.8	73.0	73.3	73.6	73.9	74.3	74.6	73.7	73.9	74.2
- Cost	85.2	85.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-13.1	-12.7	—	—	—	—	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	46.2	45.6	37.2	37.1	30.5	21.8	24.3	23.8	23.1	22.7	21.6	21.0
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	46.2	45.6	37.2	37.1	30.5	21.8	24.3	23.8	23.1	22.7	21.6	21.0
V. Long-term financial investments	20.1	21.8	21.3	24.5	23.9	25.4	25.0	24.5	24.2	24.7	24.4	24.5
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	12.5	14.1	13.7	12.8	12.3	13.8	13.3	12.8	12.5	13.0	12.7	12.8
3. Investments in other entities	7.6	7.6	7.6	11.7	11.7	11.7	11.7	11.7	11.7	11.7	11.7	11.7
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	57.9	55.3	59.9	58.5	57.4	56.4	54.6	53.7	54.3	54.1	60.0	52.8
1. Long-term prepayments	52.1	52.8	53.8	52.4	52.7	53.6	50.0	50.6	51.2	50.4	50.5	50.9
2. Deferred income tax assets	5.8	2.5	6.1	6.1	4.7	2.8	4.6	3.1	3.1	3.7	9.5	1.9
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)	1,351.6	1,301.7	1,371.7	1,309.5	1,242.7	1,196.5	1,221.8	1,157.9	1,145.5	1,200.8	1,264.6	1,183.7
A. LIABILITIES (300=210+330)	386.2	307.4	396.2	364.7	330.6	304.3	345.0	310.1	320.3	298.1	380.4	323.6
I. Short -term liabilities	376.8	297.9	386.7	360.3	326.0	299.7	340.2	305.4	315.6	293.2	375.4	318.4
1. Short-term trade accounts payable	42.9	50.7	61.3	56.1	43.2	42.3	64.0	35.9	37.6	33.1	43.6	28.3
2. Short-term advances from customers	180.8	178.3	178.8	185.4	184.2	184.0	184.3	210.7	210.0	210.6	221.7	210.9
3. Dividends and profits payable	52.2	1.0	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	18.0	4.6	17.7	26.5	19.9	8.1	14.6	19.3	20.7	6.9	20.9	14.8
4. Payable to employees	27.1	16.4	68.2	34.7	29.4	18.7	30.8	19.3	23.3	17.0	54.2	31.1
5. Short-term acrrued expenses	18.0	10.5	25.1	23.1	13.1	10.5	16.1	8.3	14.6	14.2	28.6	21.9
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	2.5	3.2	—	1.6	2.6	4.3	0.0	4.5	0.0	0.0	0.0	0.0
9. Other short-term payables	31.8	32.3	31.1	31.7	31.0	29.5	29.1	4.4	3.3	9.3	3.1	4.7
10. Short-term borrowings and financial leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	3.5	0.9	4.6	1.2	2.6	2.3	1.2	3.0	5.9	2.1	3.3	6.6
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	9.4	9.5	9.4	4.4	4.6	4.6	4.8	4.8	4.8	4.8	4.9	5.2
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	5.0	5.0	5.0	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
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	4.4	4.4	4.3	4.3	4.5	4.5	4.7	4.7	4.6	4.7	4.7	5.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1
14. Provision for severance allowances	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	965.3	994.4	975.5	944.8	912.2	892.2	876.8	847.7	825.1	902.7	884.2	860.0
I. Owner's equity	965.3	994.4	975.5	944.8	912.2	892.2	876.8	847.7	825.1	902.7	884.2	860.0
1. Owner's capital	640.5	640.5	640.5	640.5	640.5	640.5	640.5	640.5	640.5	640.5	640.5	640.5
- Common stock with voting right VND per share	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00	640,508,920,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	109.5	0.6	0.6	—	—	—	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	88.5	77.3	76.2	76.8	76.8	66.9	65.9	65.9	65.9	48.4	47.6	47.6
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	61.4	209.8	192.2	161.7	129.2	119.2	104.9	76.5	53.8	149.3	133.0	108.5
- Accumulated retained earning at the end of the previous period	12.5	190.1	83.3	83.3	83.3	95.2	0.0	0.0	-0.2	117.4	10.7	10.7
- Undistributed earnings in this period	48.9	19.6	108.9	78.4	45.9	24.0	104.9	76.5	54.0	32.0	122.3	97.8
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	64.6	65.3	65.1	64.9	64.8	64.7	64.6	63.9	64.0	63.6	62.2	62.5
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)	1,351.6	1,301.7	1,371.7	1,309.5	1,242.7	1,196.5	1,221.8	1,157.9	1,145.5	1,200.8	1,264.6	1,183.7

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	37.0	25.3	47.9	41.3	28.2	30.6	38.7	28.5	28.1	41.8	31.7	39.9
Depreciation of Fixed Assets and Investment Property	5.3	5.3	5.5	5.4	5.4	5.4	5.6	5.6	5.5	5.6	5.6	5.7
Provision (Increase)/Reversal	-1.0	-0.5	1.2	-0.5	2.3	0.3	-2.4	-4.7	-1.6	-0.2	8.7	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.0	-0.0	0.0	-0.0	-0.0	-0.0	-0.0	0.0	0.0	-0.0	0.0	-0.1
Gain/Loss from Investment Activities	-4.5	-2.5	-12.3	-1.8	-4.3	-2.6	-3.3	-1.6	-2.5	-2.6	-2.9	-1.7
Interest Expense	—	—	—	—	—	—	0.0	0.0	-0.1	0.1	0.0	0.0
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	36.8	27.7	42.4	44.5	31.5	33.8	38.6	27.9	29.4	44.7	43.2	43.8
Increase/(Decrease) in Receivables	58.4	-3.3	-66.7	-24.5	-8.6	46.7	-40.9	19.6	-39.1	42.1	-8.2	-9.9
Increase/(Decrease) in Inventory	-10.0	-16.8	-7.8	12.7	-18.2	-15.4	-9.1	-1.4	6.2	-10.9	24.1	-17.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-1.7	-56.3	35.7	26.4	15.4	-37.6	32.9	-9.3	11.0	-59.6	44.6	-0.8
Increase/(Decrease) in Prepaid Expenses	-3.6	0.8	0.6	0.3	-3.7	-3.6	2.8	1.8	-4.3	0.0	0.7	1.1
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	—	—	—	—	—	0.0	0.0	0.1	-0.1	0.0	0.0
Corporate Income Tax Paid	-2.4	-13.7	-14.8	-3.9	-0.8	-10.3	-5.4	-4.5	-2.5	-15.6	-8.4	-9.6
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	-0.0	0.0
Other Operating Payments	-3.7	-4.6	-3.6	-1.4	-1.6	-7.7	-3.8	-2.9	-5.7	-10.0	-3.3	-5.6
Net Cash Flow from Operating Activities	73.8	-66.2	-14.3	54.0	14.2	6.0	15.1	31.2	-4.9	-9.4	92.7	2.1
Payments for Fixed Assets and Other Long-term Assets	-1.2	-9.0	-1.0	-9.0	-9.2	0.9	-3.3	-2.5	-1.5	-6.3	0.0	-7.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	—	0.2	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	-56.0	-25.0	-16.0	-75.9	-67.2	-32.0	-9.0	-30.0	-4.5	-28.5	-20.9	-3.5
Receipts from Loan Repayments and Sale of Debt Instruments	29.0	66.9	95.8	34.4	11.0	30.0	2.0	26.0	5.0	18.8	30.0	15.5
Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	11.2	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	6.9	1.7	4.2	2.0	6.6	1.0	5.3	0.6	3.2	2.0	3.0	2.2
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	-21.3	34.6	94.3	-48.5	-58.9	-0.1	-4.8	-6.0	2.1	-14.1	12.1	6.8
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	—	—	—	-8.0	—	4.0	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Borrowings	—	—	—	4.0	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-0.0	-0.0	—	—	—	—	-0.0	-0.2	-95.7	-0.1	-0.1	-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	-0.0	-0.0	—	—	—	4.0	-0.0	-0.2	-95.7	-0.1	-0.1	-0.0
Net Cash Flow During the Period	52.5	-31.6	80.0	5.5	-48.7	9.9	10.2	25.1	-98.4	-23.6	104.8	8.9
Cash and Cash Equivalents at Beginning of Period	190.8	222.4	142.4	136.9	185.5	175.6	294.3	294.3	294.3	294.3	86.6	86.6
FX Difference from Revaluation	-0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.0	-0.0	0.0	-0.0	0.0
Cash and Cash Equivalents at End of Period	243.3	190.8	222.4	142.4	136.9	185.5	207.6	197.4	172.3	270.7	294.3	189.5

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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?