The financial statements of PTI

Income statement, balance sheet and cash flow, by quarter and by year. Unit: VND billion, unless a line states otherwise.

Item	2025	2024
1. Insurance premium (01=01.1+01.2-01.3)	4,023.9	4,725.3
- Gross written premium	3,757.9	4,016.1
- Reinsurance premium assumed	84.4	82.9
- Increase/(Decrese) in gross unearned premium reserve	-181.6	-626.4
2. Reinsurance premium ceded	1,149.1	1,399.9
- Reinsurance premium ceded	1,110.6	1,176.9
-Increase/(Decrease) in ceded unearned premium reserve	-38.4	-223.0
3. Net insurance premium (03=01-02)	2,874.9	3,325.5
4. Commission on reinsurance ceded and other insurance income (04=04.1+04.2)	417.7	565.8
- Commissions on reinsurance ceded	272.0	360.5
5. Total net revenue from insurance business (10=03+04)	3,292.5	3,891.3
6. Claim expenses on retained risks	1,942.3	2,121.0
Total claim expenses	1,982.6	2,146.3
+ Claim and maturity payment expenses	1,982.6	2,146.3
- Deductions	40.3	25.3
- Subrogation recoveries	40.3	25.3
7. Recoveries from reinsurance ceded	629.1	549.6
8. Increase(Decrease) in claim reserves for direct insurance and reinsurance assumed	-190.3	315.7
9. Increase(Decrease) in claim reserves related to reinsurance ceded	-5.7	245.0
9.1. Increase in claim reserve	-184.5	70.7
Total claim insurance expenses	1,128.6	1,642.2
11. Provision for catastrophe reserve	27.3	29.2
12. Other insurance operating expenses	1,691.4	1,778.8
+ Commission	414.6	493.5
Other insurance operating expenses	1,276.8	1,285.2
- Other underwriting expenses	1,276.8	1,285.2
+ Others	127.6	56.4
13. Total direct insurance operating expenses	2,847.3	3,450.2
14. Gross insurance operating profit	445.2	441.1
18. Revenue from financial activities	244.5	204.9
19. Expenses on financial activities	127.6	56.4
20. Profit from financial activities	116.8	148.5
21. Administrative expenses	210.8	199.7
22. Operating profit	363.9	391.0
23. Other incomes	9.3	12.1
24. Other expenses	3.5	3.2
25. Other profits	5.9	9.0
Share of profitin associates and joint ventures	3.0	2.8
26. Total profit	372.8	402.7
29. Total profit before tax (55=44+50+53+54)	372.8	402.7
Taxable profit	372.8	402.7
27. Current corporate income tax expenses	81.3	81.6
28. Deferred income tax expenses (*)	0.1	-0.6
29. Profit after tax	291.5	321.8
30. Minority interest	0.0	0.1
31. Profit after tax for shareholders of the parent compan	291.5	321.7
32. Earning per share VND per share	2,417.00	4,002.00

Item	2025	2024
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	6,713.0	6,756.0
I. Cash and cash equivalents	730.0	30.4
1. Cash	730.0	30.4
II. Short-term investments	2,902.1	3,667.2
1. Short-term investments	2,902.1	—
3. Held to maturity investments	—	3,667.2
III. Short-term receivables	1,180.7	1,053.6
1. Trade accounts receivable	691.9	593.7
1.1. Insurance contract receivables	691.9	593.7
2. Prepayments to suppliers	321.8	269.4
4. Short-term loan receivables	32.0	34.0
5. Other receivables	294.6	294.0
6. Provision for short-term doubtful debts	-159.6	-137.6
IV. Inventories	0.9	0.6
1. Inventories	0.9	0.6
V. Other short-term assets	280.5	341.3
1. Short-term prepayments	271.3	333.2
1.1. Unallocated commissions expenses	209.5	242.8
1.2. Other short-term prepaid expenses	61.8	90.4
2. Value Added Tax to be reclaimed	4.9	5.9
3. Taxes and other receivables from state authorities	4.4	2.2
VIII. Reinsurance assets	1,618.8	1,662.9
1. Reinsurance assets from unearned premium reserves	627.3	665.7
2. Reinsurance assets from claim reserves	991.5	997.2
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	1,725.6	1,668.3
I. Long-term receivables	19.9	13.9
6. Other long-term receivables	19.9	13.9
6.2. Other long-term receivables	11.9	5.9
II. Fixed assets	404.5	440.0
1. Tangible fixed assets	362.2	395.2
- Cost	518.8	554.0
- Accumulated depreciation	-156.6	-158.8
3. Intangible fixed assets	42.3	44.8
- Cost	70.3	64.6
- Accumulated depreciation	-28.0	-19.9
III. Investment properties	31.3	36.9
- Cost	41.5	46.0
- Accumulated depreciation	-10.2	-9.0
IV. Long-term assets in progress	59.7	62.5
1. Construction in progress	59.7	62.5
IV. Long-term investments	1,179.4	1,093.0
2. Investments in associates, joint-ventures	17.4	26.8
3. Investments in other entities	30.1	30.1
4. Provision for diminution in value of long-term investments	-15.0	-15.0
5. Held to maturity investments	—	1,051.1
VI. Other long-term assets	30.7	21.9
1. Long-term prepayments	30.7	21.9
2. Deferred income tax assets	0.0	0.0
TOTAL ASSETS (270=100+200)	8,438.6	8,424.3
A. LIABILITIES (300=210+330)	5,777.8	6,038.4
I. Short -term liabilities	5,775.8	6,029.1
1. Short-term borrowings	288.0	301.7
2. Trade accounts payable	733.1	583.1
2.1. Insurance contract payable	652.7	489.2
2.2. Other payables to suppliers	80.4	93.9
3. Advances from customers	14.4	5.7
4. Taxes and other payables to state authorities	57.9	41.9
5. Payable to employees	200.5	170.5
6. Accrued expenses	3.4	8.5
8. Other payables	117.9	182.1
9. Unearned commission revenues	153.6	175.8
11. Bonus and welfare fund	9.6	0.0
131. Unearned premium reserve	2,102.8	2,284.5
132. Claim reserve	1,752.5	1,942.8
133. Catastrophe reserve	223.9	196.6
14. Short-term unearned revenue	118.1	136.0
II. Long-term liabilities	2.0	9.3
3. Other long-term liabilities	0.0	7.4
5. Deferred income tax liabilities	2.0	1.9
B. OWNER'S EQUITY (400=410+430)	2,660.8	2,386.0
I. Owner's equity	2,660.8	2,386.0
1. Capital from owners	1,205.9	804.0
- Common stock with voting right VND per share	1,205,921,290,000.00	803,957,090,000.00
2. Share premium	426.0	827.9
7. Investment and development fund	28.6	28.6
9. Compulsory reserves	94.5	80.4
11. Undistributed earnings after tax	901.7	640.9
- Accumulated retained earning at the end of the previous period	624.3	319.2
- Undistributed earnings in this period	277.4	321.8
12. Minority's interest	4.1	4.1
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	8,438.6	8,424.3

Item	2025	2024
1. Profit before tax	372.8	402.7
Depreciation and amortization	30.4	27.6
(Reversal of provisions)/provisions	-278.5	-298.7
Unrealized foreign exchange (gain)/loss	-1.7	0.1
Loss/(profit) from investment activities	-358.8	-339.7
Interest expense	15.7	8.7
3. Operating profit before changes in working capital	-220.1	-199.3
(Increase)/decrease in receivables	-175.0	-228.6
(Increase)/decrease in inventories	-0.3	-0.1
(Increase)/decrease in payables (other than interest, corporate income tax)	77.2	-62.7
(Increase)/decrease in prepaid expenses	63.6	158.5
(Increase)/decrease in held-for-trading securities	-104.7	—
Interest paid	-6.5	-7.2
Income tax paid	-81.1	-97.9
Net cash flows from operating activities	-446.9	-437.3
1. Payment for fixed assets, constructions and other long-term assets	-39.1	-10.0
2. Receipts from disposal of fixed assets and other long-term assets	61.6	11.4
3. Loans, purchases of other entities' debt instruments	-8,562.2	-7,476.9
4. Receipts from loan repayments, sale of other entities' debt instruments	9,325.3	6,618.3
5. Payments for investment in other entities	-24.5	—
6. Collections on investment in other entities	37.6	—
7. Dividends, interest and profit received	361.7	377.5
Net cash flows from investing activities	1,160.4	-479.6
3. Short-term and long-term borrowings	742.0	986.7
4. Principal repayments	-755.7	-743.6
6. Dividends paid, profits distributed to owners	-0.1	-0.2
Net cash flows from financing activities	-13.8	242.9
Net cash flows during the period	699.7	-674.0
Cash and cash equivalents at beginning of the period	30.4	704.5
Exchange difference due to re-valuation of ending balances	-0.0	-0.1
Cash and cash equivalents at end of the period	730.0	30.4

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
1. Insurance premium (01=01.1+01.2-01.3)	1,023.2	1,129.1	1,010.1	935.6	957.8	1,123.1	1,112.2	1,063.7	1,202.0	1,348.3
- Gross written premium	1,075.6	1,140.2	982.0	831.6	891.8	1,058.3	1,018.9	919.8	965.8	1,113.8
- Reinsurance premium assumed	13.0	7.2	17.3	17.9	24.1	25.1	23.3	21.4	25.7	12.5
- Increase/(Decrese) in gross unearned premium reserve	65.3	18.3	-10.9	-86.1	-41.9	-39.6	-70.0	-122.5	-210.5	-222.0
2. Reinsurance premium ceded	261.3	310.7	234.0	266.9	314.4	335.1	292.3	309.7	411.6	386.8
- Reinsurance premium ceded	243.1	271.8	261.8	237.1	257.6	357.0	214.0	276.1	388.2	299.5
-Increase/(Decrease) in ceded unearned premium reserve	-18.3	-38.9	27.8	-29.7	-56.9	21.9	-78.4	-33.6	-23.4	-87.3
3. Net insurance premium (03=01-02)	761.9	818.4	776.1	668.8	643.4	787.9	819.9	754.0	790.4	961.5
4. Commission on reinsurance ceded and other insurance income (04=04.1+04.2)	118.5	80.9	69.4	90.4	154.4	75.2	114.0	120.0	206.4	125.3
- Commissions on reinsurance ceded	50.8	71.6	56.5	61.1	81.1	71.2	71.8	87.2	104.9	96.4
5. Total net revenue from insurance business (10=03+04)	880.4	899.3	845.5	759.2	797.8	863.2	933.9	874.0	996.9	1,086.8
6. Claim expenses on retained risks	527.6	428.2	484.4	555.4	465.5	437.1	523.6	480.4	607.2	510.0
Total claim expenses	535.2	429.4	506.4	564.7	464.1	447.4	531.0	494.6	609.2	511.6
+ Claim and maturity payment expenses	535.2	429.4	506.4	564.7	464.1	447.4	531.0	494.6	609.2	511.6
- Deductions	7.5	1.2	22.1	9.3	-1.4	10.3	7.5	14.1	2.0	1.6
- Subrogation recoveries	7.5	1.2	22.1	9.3	-1.4	10.3	7.5	14.1	2.0	1.6
7. Recoveries from reinsurance ceded	199.7	110.7	129.1	261.7	122.5	115.9	106.2	149.6	-84.8	378.6
8. Increase(Decrease) in claim reserves for direct insurance and reinsurance assumed	-22.5	-73.0	76.0	-97.4	-46.2	-122.7	138.2	388.7	-216.0	-1.1
9. Increase(Decrease) in claim reserves related to reinsurance ceded	-65.2	-70.5	108.7	-234.9	45.7	74.8	22.8	306.0	-38.6	-52.0
9.1. Increase in claim reserve	42.7	-2.5	-32.7	137.5	-91.9	-197.5	115.4	82.7	-177.4	50.9
Total claim insurance expenses	370.7	315.0	322.5	431.2	251.2	123.6	532.8	413.6	514.5	182.3
11. Provision for catastrophe reserve	8.5	8.8	7.4	6.1	6.6	7.3	8.3	6.7	6.0	8.3
12. Other insurance operating expenses	408.5	539.2	356.4	266.5	406.4	681.7	214.5	431.2	252.6	884.8
+ Commission	102.7	106.5	106.7	93.3	102.2	112.8	123.4	116.2	131.6	121.9
Other insurance operating expenses	305.8	432.7	249.8	173.2	304.3	568.9	91.1	315.0	120.9	762.9
- Other underwriting expenses	305.8	432.7	249.8	173.2	304.3	568.9	91.1	315.0	120.9	762.9
+ Others	305.8	432.7	49.1	7.2	48.2	27.2	37.2	6.2	9.6	2.8
13. Total direct insurance operating expenses	787.6	863.0	686.3	703.8	664.2	812.6	755.5	851.4	773.1	1,075.3
14. Gross insurance operating profit	92.8	36.3	159.2	55.4	133.6	50.6	178.3	22.6	223.7	11.4
18. Revenue from financial activities	26.4	77.4	83.5	66.8	50.9	82.8	45.3	69.6	5.1	93.7
19. Expenses on financial activities	5.5	6.6	49.1	7.2	48.2	27.2	37.2	6.2	9.6	2.8
20. Profit from financial activities	20.9	70.7	34.5	59.6	2.7	55.6	8.0	63.5	-4.4	91.0
Selling expenses	—	0.0	0.0	—	—	—	—	—	—	—
21. Administrative expenses	31.2	25.7	112.8	35.9	33.4	24.1	99.5	30.7	49.1	21.4
22. Operating profit	83.6	82.4	82.3	81.2	105.7	88.4	87.1	55.5	170.4	81.3
23. Other incomes	0.3	0.5	2.6	5.3	7.1	0.6	4.2	3.4	2.5	2.1
24. Other expenses	1.7	0.3	2.8	4.1	2.4	2.4	1.2	1.2	0.4	0.1
25. Other profits	-1.4	0.2	-0.2	1.2	4.7	-1.8	2.9	2.3	2.1	1.9
Share of profitin associates and joint ventures	0.8	0.0	0.5	10.5	0.7	-0.0	-0.6	0.6	0.6	1.9
26. Total profit	83.0	82.6	82.7	92.9	111.1	86.5	89.4	58.4	173.1	85.2
29. Total profit before tax (55=44+50+53+54)	83.0	82.6	82.7	92.9	111.1	86.5	89.4	58.4	173.1	85.2
Taxable profit	83.0	82.6	82.7	92.9	111.1	86.5	89.4	58.4	173.1	85.2
27. Current corporate income tax expenses	17.0	16.1	22.1	17.9	23.3	16.6	19.2	11.8	34.7	16.7
28. Deferred income tax expenses (*)	—	—	1.2	—	-1.2	—	-0.7	0.1	0.1	—
29. Profit after tax	65.9	66.5	59.3	75.0	88.9	69.9	70.9	46.4	138.3	68.4
30. Minority interest	0.0	0.0	-0.2	0.0	0.0	0.1	0.1	0.0	—	-0.0
31. Profit after tax for shareholders of the parent compan	65.9	66.5	59.5	74.9	88.9	69.8	70.9	46.4	138.3	68.5
32. Earning per share VND per share	—	551.00	—	—	—	579.00	—	—	—	852.00

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	4,545.2	6,683.3	7,635.7	7,284.0	5,997.9	6,123.5	6,765.2	6,854.0	6,750.1	7,419.5
I. Cash and cash equivalents	187.7	367.2	730.0	193.8	333.8	162.6	18.8	59.4	745.2	45.6
1. Cash	187.7	367.2	730.0	193.8	333.8	162.6	18.8	59.4	745.2	45.6
II. Short-term investments	1,225.5	3,434.4	3,948.6	4,191.0	2,491.2	2,821.7	3,667.2	3,760.6	3,330.4	4,500.9
1. Short-term investments	49.4	100.7	104.7	44.9	108.9	232.4	—	—	—	—
2. Provision for diminution in value of short-term investments	—	—	-0.4	-0.4	-0.4	-10.4	—	—	—	—
3. Held to maturity investments	1,176.1	3,333.8	3,844.3	4,146.6	2,382.7	2,599.7	3,667.2	3,760.6	3,330.4	4,500.9
III. Short-term receivables	1,402.9	1,313.7	1,176.4	1,120.6	1,108.4	1,030.0	1,067.0	929.2	824.2	897.1
1. Trade accounts receivable	722.3	530.2	580.1	530.3	457.1	578.1	602.1	437.1	384.0	440.4
1.1. Insurance contract receivables	722.3	530.2	580.1	530.3	457.1	578.1	602.1	437.1	384.0	440.4
2. Prepayments to suppliers	352.0	307.6	349.3	318.5	293.7	243.8	262.1	223.2	189.0	207.0
4. Short-term loan receivables	32.0	32.0	32.0	32.0	34.0	34.0	34.0	34.0	34.0	34.0
5. Other receivables	462.4	611.5	367.2	376.6	460.4	310.7	306.4	369.9	351.2	349.4
6. Provision for short-term doubtful debts	-165.8	-167.5	-152.2	-136.8	-136.8	-136.6	-137.6	-135.0	-134.1	-133.8
IV. Inventories	1.0	1.5	0.9	2.4	0.6	1.0	0.6	2.5	1.1	0.8
1. Inventories	1.0	1.5	0.9	2.4	0.6	1.0	0.6	2.5	1.1	0.8
V. Other short-term assets	302.0	269.9	267.4	293.9	315.5	348.4	341.6	376.6	409.5	473.5
1. Short-term prepayments	294.0	255.7	260.6	285.1	308.4	341.5	333.5	369.4	400.4	465.9
1.1. Unallocated commissions expenses	206.1	198.7	209.5	219.5	235.0	242.6	243.2	254.0	270.1	296.4
1.2. Other short-term prepaid expenses	87.9	56.9	51.1	65.6	73.4	99.0	90.4	115.4	130.3	169.4
2. Value Added Tax to be reclaimed	5.2	8.8	4.9	4.7	3.0	2.6	5.9	5.2	7.0	4.7
3. Taxes and other receivables from state authorities	2.9	5.4	1.9	4.2	4.2	4.3	2.2	2.0	2.2	2.9
VIII. Reinsurance assets	1,425.9	1,296.7	1,512.4	1,482.3	1,748.5	1,759.7	1,670.0	1,725.6	1,439.7	1,501.7
1. Reinsurance assets from unearned premium reserves	570.1	588.4	627.3	599.5	630.8	687.6	665.7	744.1	778.1	801.4
2. Reinsurance assets from claim reserves	855.8	708.3	885.1	882.8	1,117.7	1,072.1	1,004.3	981.5	661.6	700.2
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	3,937.3	1,718.4	689.5	1,082.6	2,598.1	2,139.7	1,680.2	1,537.2	1,195.9	1,110.5
I. Long-term receivables	20.2	19.9	19.9	19.4	19.3	19.7	23.0	24.5	24.1	24.4
6. Other long-term receivables	20.2	19.9	19.9	19.4	19.3	19.7	23.0	24.5	24.1	24.4
6.2. Other long-term receivables	12.2	12.0	11.9	11.4	11.3	11.7	15.0	16.5	16.1	16.4
II. Fixed assets	391.5	397.9	404.5	411.6	409.0	433.2	440.0	352.9	359.4	365.7
1. Tangible fixed assets	353.2	357.7	362.2	367.2	362.4	390.3	403.6	329.2	335.0	340.4
- Cost	519.9	519.6	518.8	518.3	514.5	554.3	563.5	469.6	475.6	481.2
- Accumulated depreciation	-166.7	-161.9	-156.6	-151.1	-152.1	-164.0	-159.9	-140.5	-140.6	-140.8
3. Intangible fixed assets	38.3	40.2	42.3	44.4	46.6	42.8	36.4	23.7	24.4	25.3
- Cost	70.3	70.3	70.3	70.3	70.3	64.6	56.3	42.8	42.8	42.8
- Accumulated depreciation	-32.0	-30.1	-28.0	-25.9	-23.7	-21.8	-19.9	-19.1	-18.4	-17.5
III. Investment properties	30.8	31.1	31.3	31.6	31.9	31.8	36.9	108.0	108.7	109.5
- Cost	41.5	41.5	41.5	41.5	—	41.5	46.0	132.5	132.5	132.5
- Accumulated depreciation	-10.7	-10.4	-10.2	-9.9	31.9	-9.7	-9.0	-24.4	-23.7	-23.0
IV. Long-term assets in progress	58.1	61.3	59.7	52.7	40.6	42.8	62.5	63.9	64.2	54.2
1. Construction in progress	58.1	61.3	59.7	52.7	40.6	42.8	62.5	63.9	64.2	54.2
IV. Long-term investments	3,383.7	1,165.0	132.6	542.1	2,053.4	1,587.6	1,095.9	971.6	624.8	539.1
2. Investments in associates, joint-ventures	18.2	17.4	17.5	16.9	25.9	26.7	26.4	27.0	27.3	26.8
3. Investments in other entities	30.1	30.1	30.1	30.1	54.6	54.6	30.1	30.1	30.1	30.1
4. Provision for diminution in value of long-term investments	-15.0	-15.0	-15.0	-15.0	-15.0	-15.0	-22.3	-22.3	-22.3	-22.3
5. Held to maturity investments	3,350.4	1,132.5	100.0	510.0	1,987.8	1,521.2	1,061.7	936.7	589.7	504.5
VI. Other long-term assets	53.0	43.1	41.4	25.2	43.8	24.6	21.9	16.3	14.5	17.6
1. Long-term prepayments	53.0	43.1	41.4	25.2	43.8	24.6	21.9	16.3	14.5	17.6
2. Deferred income tax assets	0.0	0.0	0.0	0.0	0.0	0.0	—	—	—	—
TOTAL ASSETS (270=100+200)	8,482.5	8,401.7	8,325.2	8,366.6	8,596.0	8,263.1	8,445.4	8,391.2	7,946.0	8,530.0
A. LIABILITIES (300=210+330)	5,699.9	5,674.6	5,663.2	5,765.3	6,051.3	5,807.3	6,057.2	6,073.9	5,675.0	6,397.3
I. Short -term liabilities	5,679.7	5,654.4	5,635.6	5,738.9	6,025.0	5,779.8	6,029.7	6,045.6	5,646.8	6,367.6
1. Short-term borrowings	170.0	288.0	288.0	—	295.0	239.0	290.0	295.0	90.0	390.0
2. Trade accounts payable	823.1	760.1	648.6	639.2	658.6	495.7	583.1	450.2	546.3	553.1
2.1. Insurance contract payable	777.6	735.0	568.2	613.3	640.8	468.9	489.2	433.8	527.6	545.0
2.2. Other payables to suppliers	45.5	25.0	80.4	26.0	17.8	26.8	93.9	16.4	18.7	8.1
3. Advances from customers	32.8	56.1	14.4	15.7	15.6	11.1	5.7	5.7	4.6	5.9
4. Taxes and other payables to state authorities	45.3	44.3	55.3	41.0	43.9	28.6	42.5	25.2	50.2	36.8
5. Payable to employees	145.0	220.8	200.5	290.6	264.2	259.1	72.5	215.5	182.3	145.0
6. Accrued expenses	0.1	0.4	3.4	0.9	0.8	1.7	10.8	8.6	21.3	7.3
8. Other payables	145.2	235.7	171.3	150.3	329.8	215.4	183.2	285.5	239.6	264.1
9. Unearned commission revenues	144.4	152.4	153.6	149.0	152.0	174.9	176.0	195.2	226.7	224.7
11. Bonus and welfare fund	17.9	9.5	9.6	9.6	0.0	0.0	0.0	0.0	0.0	0.0
131. Unearned premium reserve	2,186.4	2,121.1	2,102.8	2,113.7	2,202.9	2,244.8	2,284.5	2,354.5	2,478.4	2,688.8
132. Claim reserve	1,657.0	1,466.8	1,646.0	1,676.4	1,773.9	1,820.1	1,950.8	1,812.5	1,409.9	1,625.9
133. Catastrophe reserve	241.1	232.7	223.9	216.5	210.4	203.9	196.6	188.3	181.7	175.6
14. Short-term unearned revenue	71.2	66.5	118.1	71.9	77.9	85.6	136.0	100.4	107.0	134.3
II. Long-term liabilities	20.2	20.2	27.6	26.4	26.4	27.5	27.5	28.3	28.3	29.7
3. Other long-term liabilities	18.3	18.3	25.6	25.6	25.6	25.6	25.6	25.6	25.6	27.2
5. Deferred income tax liabilities	2.0	2.0	2.0	0.8	0.8	1.9	1.9	2.7	2.7	2.5
B. OWNER'S EQUITY (400=410+430)	2,782.6	2,727.0	2,662.1	2,601.3	2,544.7	2,455.9	2,388.2	2,317.3	2,270.9	2,132.7
I. Owner's equity	2,782.6	2,727.0	2,662.1	2,601.3	2,544.7	2,455.9	2,388.2	2,317.3	2,270.9	2,132.7
1. Capital from owners	1,205.9	1,205.9	1,205.9	1,205.9	1,205.9	1,205.9	804.0	804.0	804.0	804.0
- Common stock with voting right VND per share	1,205,921,290,000.00	1,205,921,290,000.00	1,205,921,290,000.00	1,205,921,290,000.00	1,205,921,290,000.00	1,205,921,290,000.00	803,957,090,000.00	803,957,090,000.00	803,957,090,000.00	803,957,090,000.00
2. Share premium	426.0	426.0	426.0	426.0	426.0	426.0	827.9	827.9	827.9	827.9
7. Investment and development fund	28.6	—	28.6	28.6	28.6	28.6	—	—	28.6	28.6
9. Compulsory reserves	94.5	94.5	94.5	88.2	80.4	80.4	80.4	80.4	80.4	80.4
11. Undistributed earnings after tax	1,023.4	967.9	903.0	848.4	799.5	710.7	643.2	572.3	526.0	387.8
- Accumulated retained earning at the end of the previous period	891.0	901.4	611.4	616.1	640.6	640.8	319.2	319.2	319.3	319.3
- Undistributed earnings in this period	132.4	66.5	291.5	232.3	158.8	69.9	324.0	253.1	206.7	68.4
12. Minority's interest	4.1	4.1	4.1	4.3	4.2	4.2	4.1	4.0	4.0	4.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	8,482.5	8,401.7	8,325.2	8,366.6	8,596.0	8,263.1	8,445.4	8,391.2	7,946.0	8,530.0

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
1. Profit before tax	83.0	82.6	84.7	288.1	195.2	86.5	86.6	316.2	257.8	85.2
Depreciation and amortization	7.1	7.6	31.2	-0.8	15.1	7.8	17.3	10.3	14.6	7.6
(Reversal of provisions)/provisions	133.0	71.4	-41.5	-236.9	-317.1	-242.4	133.8	-432.5	-534.7	-74.7
Unrealized foreign exchange (gain)/loss	—	—	-4.9	—	3.2	—	-0.6	—	0.7	—
Loss/(profit) from investment activities	134.9	-76.9	-238.9	-119.9	-192.2	-74.2	-125.4	-214.3	-186.5	-265.3
Interest expense	3.4	4.4	5.1	10.6	6.7	0.9	4.4	4.3	3.1	0.4
3. Operating profit before changes in working capital	361.3	89.2	-161.1	-59.0	-289.3	-221.4	116.7	-316.1	-444.9	-246.9
(Increase)/decrease in receivables	-68.7	-125.2	-50.9	-124.1	-91.9	7.8	-178.2	-50.4	-24.8	-7.2
(Increase)/decrease in inventories	0.4	-0.6	1.5	-1.8	0.0	-0.4	1.9	-1.9	-0.5	-0.2
(Increase)/decrease in payables (other than interest, corporate income tax)	-139.5	158.1	30.5	46.7	279.9	-13.2	-115.5	52.8	223.8	141.1
(Increase)/decrease in prepaid expenses	-48.2	3.2	18.8	44.8	31.3	-11.1	30.7	127.8	95.5	30.1
(Increase)/decrease in held-for-trading securities	51.3	4.0	-59.8	-44.9	-108.9	-232.4	—	—	—	—
Interest paid	-3.4	-4.3	3.2	-9.7	-6.5	-0.9	-2.9	-4.3	-3.1	-0.4
Income tax paid	—	—	-49.1	-32.0	-35.1	-16.6	-11.6	-86.4	-51.7	-11.1
Other receipts from operating activities	8.4	-0.0	—	9.6	—	—	—	—	—	—
Other payments for operating activities	—	—	—	7.8	—	—	—	—	—	—
Net cash flows from operating activities	161.5	124.4	-284.2	-162.7	-220.4	-488.1	-158.9	-278.4	-205.7	-94.5
1. Payment for fixed assets, constructions and other long-term assets	-0.3	-0.8	-24.0	-15.0	-12.4	-1.0	-3.8	-6.2	-2.2	-27.9
2. Receipts from disposal of fixed assets and other long-term assets	—	—	52.5	9.1	50.0	0.4	8.0	3.4	5.1	—
3. Loans, purchases of other entities' debt instruments	-745.9	-776.9	-8,144.6	-417.6	-3,664.0	-1,205.8	-2,541.9	-4,935.0	-2,800.6	-6,679.8
4. Receipts from loan repayments, sale of other entities' debt instruments	685.6	255.0	8,846.0	479.3	4,021.6	1,803.2	2,513.6	4,104.6	2,747.4	5,541.4
5. Payments for investment in other entities	—	—	0.0	—	-24.5	—	—	—	—	—
6. Collections on investment in other entities	—	—	17.4	20.2	—	-24.5	—	-2.2	—	-2.8
7. Dividends, interest and profit received	-162.3	35.5	185.5	176.2	160.2	110.7	145.2	232.4	265.6	273.3
Net cash flows from investing activities	-222.9	-487.1	908.2	252.1	530.9	683.1	123.3	-602.9	215.4	-895.9
3. Short-term and long-term borrowings	170.0	—	229.0	513.0	295.0	187.3	301.7	685.0	480.0	331.4
4. Principal repayments	-288.0	—	-316.7	-439.0	-301.7	-250.0	-295.0	-448.6	-448.6	—
6. Dividends paid, profits distributed to owners	-0.0	-0.1	-0.1	-0.1	-0.1	-0.1	-0.0	-0.1	-0.1	0.0
Net cash flows from financing activities	-118.0	-0.1	-87.7	73.9	-6.7	-62.7	6.6	236.3	31.3	331.4
Net cash flows during the period	-179.4	-362.8	536.3	163.4	303.7	132.2	-28.9	-645.1	41.0	-658.9
Cash and cash equivalents at beginning of the period	367.2	730.0	193.8	30.4	30.4	30.4	59.4	704.5	704.5	704.5
Exchange difference due to re-valuation of ending balances	—	—	-0.2	—	0.2	—	0.6	—	-0.7	—
Cash and cash equivalents at end of the period	187.7	367.2	730.0	193.8	334.3	162.6	30.4	59.4	744.8	45.6

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