The financial statements of QNS

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	10,674.7	10,315.8	10,081.6	8,318.9	7,374.5
Revenue Deductions	99.8	72.6	60.4	63.9	0.0
Net Revenue	10,574.9	10,243.3	10,021.2	8,255.0	7,335.3
Cost of Goods Sold	7,050.3	6,759.2	6,670.4	5,796.1	0.0
Gross Profit	3,524.5	3,484.0	3,350.8	2,458.9	2,255.0
Financial Income	306.3	262.3	340.6	191.0	142.9
Financial Expenses	111.3	95.9	138.9	83.7	-66.3
Interest Expense	106.9	93.6	136.3	83.2	-65.9
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	1,358.8	862.7	805.5	868.3	-692.9
General and Administrative Expenses	245.4	240.5	391.3	232.1	-257.3
Operating Profit	2,115.3	2,547.2	2,355.7	1,465.9	1,381.4
Other Income	98.5	99.4	94.0	43.8	0.0
Other Expenses	1.5	1.4	2.9	4.3	0.0
Other Profit	97.1	98.0	91.1	39.4	46.3
Profit Before Tax	2,212.4	2,645.2	2,446.8	1,505.3	1,427.7
Current Income Tax Expense	295.9	268.5	263.3	218.7	-185.8
Deferred Income Tax Expense	0.0	-0.0	0.1	-0.1	0.0
Net Income	1,916.5	2,376.7	2,183.5	1,286.7	1,241.9
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	1,916.5	2,376.7	2,183.5	1,286.7	1,241.9
Earnings per Share VND per share	6,079.00	7,680.00	7,172.00	4,226.00	4,103.00
Diluted EPS VND per share	6,079.00	7,680.00	7,172.00	4,226.00	3,479.33

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	10,880.8	10,011.0	8,093.3	6,090.3	5,323.1
I. Cash and cash equivalents	272.2	539.2	289.5	202.6	178.9
1. Cash	272.2	539.2	289.5	202.6	0.0
2. Cash equivalents	—	0.0	0.0	0.0	0.0
II. Short-term financial investments	8,132.0	7,299.0	6,165.0	4,296.0	0.0
1. Available for sale securities	—	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0	0.0
3. Held to maturity investments	8,132.0	7,299.0	6,165.0	4,296.0	0.0
III. Short-term receivables	1,075.6	810.3	661.3	587.2	385.9
1. Short-term trade accounts receivable	340.5	344.5	248.1	146.3	0.0
2. Short-term prepayments to suppliers	678.5	430.0	379.9	410.9	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	76.8	55.9	52.6	47.4	0.0
7. Provision for short-term doubtful debts (*)	-20.2	-20.1	-19.2	-17.5	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	1,365.9	1,323.4	958.4	947.3	816.2
1. Inventories	1,365.9	1,323.5	961.0	948.3	0.0
2. Provision for decline in value of inventories	—	-0.0	-2.6	-1.1	0.0
V. Other short-term assets	35.1	39.1	19.1	57.2	19.2
1. Short-term prepayments	27.8	23.9	18.4	55.0	0.0
2. Value added tax to be reclaimed	7.3	15.2	0.0	0.1	0.0
3. Taxes and other receivables from state authorities	0.0	0.0	0.7	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)	3,469.4	3,797.5	3,959.4	4,176.2	4,552.5
I. Long-term receivables	0.8	0.4	0.8	0.5	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.8
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	0.8	0.4	0.8	0.5	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	3,141.0	3,451.6	3,666.3	3,913.5	4,285.4
1. Tangible fixed assets	3,116.3	3,434.4	3,650.2	3,905.7	4,273.7
- Cost	9,509.7	9,380.8	9,204.3	9,054.2	0.0
- Accumulated depreciation	-6,393.4	-5,946.3	-5,554.1	-5,148.6	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	24.7	17.1	16.1	7.9	11.7
- Cost	89.0	78.2	74.5	62.9	0.0
- Accumulated depreciation	-64.3	-61.0	-58.4	-55.0	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	53.2	81.8	53.5	33.1	46.7
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	53.2	81.8	53.5	33.1	0.0
V. Long-term financial investments	—	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	0.0	0.0
3. Investments in other entities	—	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	0.0	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	274.3	263.7	238.9	229.1	0.0
1. Long-term prepayments	274.3	263.7	238.9	229.0	0.0
2. Deferred income tax assets	0.0	0.0	0.0	0.1	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	219.5
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)	14,350.1	13,808.5	12,052.8	10,266.5	9,875.6
A. LIABILITIES (300=210+330)	3,704.3	3,807.0	3,472.2	2,801.6	2,792.4
I. Short -term liabilities	3,544.5	3,626.8	3,281.5	2,750.0	2,721.3
1. Short-term trade accounts payable	435.7	464.1	456.3	478.9	364.3
2. Short-term advances from customers	82.8	56.3	35.5	32.0	41.3
3. Taxes and other payables to state authorities	200.6	158.7	145.7	120.4	0.0
4. Payable to employees	105.7	95.1	111.5	103.7	0.0
5. Short-term acrrued expenses	6.2	4.8	3.3	3.6	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	0.1	0.0	0.0	0.0	0.0
9. Other short-term payables	84.8	50.6	42.4	42.8	0.0
10. Short-term borrowings and financial leases	2,536.3	2,713.6	2,411.3	1,895.9	2,032.3
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	92.2	83.6	75.4	72.8	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	159.9	180.1	190.7	51.5	71.1
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	9.6	8.3	8.3	10.5	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	—	0.0	0.0	0.0	0.0
13. Fund for technology development	150.3	171.8	182.5	41.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	10,645.8	10,001.5	8,580.6	7,464.9	7,083.2
I. Owner's equity	10,645.8	10,001.5	8,580.6	7,464.9	0.0
1. Owner's capital	3,676.5	3,676.5	3,569.4	3,569.4	7,083.2
- Common stock with voting right VND per share	3,676,481,530,000.00	3,676,481,530,000.00	3,569,399,550,000.00	3,569,399,550,000.00	3,569,399,550,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	528.8	528.8	353.5	353.5	353.5
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	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	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	851.2	779.9	714.4	675.8	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	6,423.7	5,850.8	4,777.7	3,700.7	3,356.6
- Accumulated retained earning at the end of the previous period	4,819.4	3,786.2	2,895.7	2,564.6	2,265.4
- Undistributed earnings in this period	1,604.4	2,064.6	1,882.1	1,136.0	1,091.2
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	—	0.0	0.0	0.0	0.0
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	—	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	14,350.1	13,808.5	12,052.8	10,266.5	9,875.6

Item	2025	2024	2023	2022	2021
Profit Before Tax	2,212.4	2,645.2	2,446.8	1,505.3	1,427.7
Depreciation of Fixed Assets and Investment Property	460.2	443.7	445.4	489.5	474.1
Provision (Increase)/Reversal	0.1	-1.7	3.3	0.9	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.8	0.2	0.3	-1.8	0.0
Gain/Loss from Investment Activities	-272.9	-233.7	-311.1	-159.3	0.0
Interest Expense	106.9	93.6	136.3	83.2	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	-9.2	0.0	150.0	0.0	0.0
Operating Profit Before Changes in Working Capital	2,498.2	2,947.3	2,871.1	1,917.9	1,888.3
Increase/(Decrease) in Receivables	9.8	-164.1	-64.0	-66.3	0.0
Increase/(Decrease) in Inventory	-42.4	-362.4	-12.7	-130.5	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	67.0	22.8	-6.9	-27.1	0.0
Increase/(Decrease) in Prepaid Expenses	-20.0	-35.7	21.3	-52.5	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-106.4	-93.8	-136.6	-82.3	0.0
Corporate Income Tax Paid	-272.8	-257.5	-245.6	-154.1	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-27.1	-23.8	-18.4	-19.9	0.0
Net Cash Flow from Operating Activities	2,106.3	2,032.6	2,408.1	1,385.2	1,477.6
Payments for Fixed Assets and Other Long-term Assets	-367.1	-252.8	-219.4	-101.8	-113.8
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.4	4.8	0.4	0.1	17.2
Loans and Purchases of Debt Instruments	-14,753.0	-12,784.0	-10,554.0	-5,165.0	-1,814.0
Receipts from Loan Repayments and Sale of Debt Instruments	13,920.0	11,650.0	8,685.0	4,792.0	530.0
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	252.8	231.1	306.4	153.0	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	-946.9	-1,151.0	-1,781.6	-321.7	-1,275.8
Proceeds from Equity Issuance and Capital Contributions VND per share	—	282,428,538,646.00	0.00	0.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	7,166.5	7,350.6	6,761.8	5,569.3	5,455.0
Repayment of Borrowings	-7,343.7	-7,048.3	-6,246.4	-5,705.7	-5,145.7
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-1,248.4	-1,216.3	-1,054.9	-904.2	-754.2
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	-1,425.7	-631.6	-539.5	-1,040.6	-444.9
Net Cash Flow During the Period	-266.3	250.0	87.0	22.9	-190.0
Cash and Cash Equivalents at Beginning of Period	539.2	289.5	202.6	178.9	422.0
FX Difference from Revaluation	-0.8	-0.3	-0.2	0.8	-0.2
Cash and Cash Equivalents at End of Period	272.2	539.2	289.5	202.6	178.9

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	3,304.0	2,781.5	2,727.1	2,729.7	2,967.3	2,287.5	2,208.7	2,734.4	2,831.0	2,541.8	2,302.4	2,482.4
Revenue Deductions	15.2	18.1	26.2	44.8	11.5	18.1	34.7	7.9	10.6	19.3	28.7	15.2
Net Revenue	3,288.7	2,763.4	2,700.9	2,684.9	2,955.8	2,269.4	2,173.9	2,726.5	2,820.4	2,522.4	2,273.6	2,467.2
Cost of Goods Sold	2,119.4	1,875.4	1,737.0	1,813.8	1,954.9	1,530.8	1,392.0	1,814.8	1,836.3	1,714.6	1,369.3	1,606.9
Gross Profit	1,169.4	888.0	963.9	871.1	1,000.9	738.6	781.9	911.7	984.1	807.8	904.3	860.3
Financial Income	128.9	100.5	90.4	77.3	75.0	63.6	69.3	63.7	61.7	67.3	84.3	92.6
Financial Expenses	59.9	37.9	23.5	25.7	34.8	27.4	18.7	20.0	29.6	27.4	21.4	28.5
Interest Expense	58.8	37.5	21.8	25.0	32.7	27.3	17.7	19.7	28.8	27.3	20.1	28.2
Share of Associates and Joint Ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	484.2	431.5	360.2	418.2	350.7	267.9	162.0	311.5	183.8	206.2	129.3	297.3
General and Administrative Expenses	100.3	77.8	22.0	77.1	80.3	68.9	30.1	71.1	77.9	62.6	172.3	76.4
Operating Profit	653.8	441.3	648.5	427.4	610.0	438.0	640.5	572.8	754.5	578.9	665.6	550.7
Other Income	13.8	6.2	73.3	13.4	11.5	0.3	74.6	14.0	10.3	0.6	70.0	13.1
Other Expenses	3.8	0.7	0.3	0.2	0.5	0.5	0.5	0.2	0.4	0.3	1.1	0.5
Other Profit	10.0	5.5	72.9	13.2	11.0	-0.2	74.1	13.8	9.9	0.3	68.9	12.6
Profit Before Tax	663.8	446.9	721.5	440.6	621.1	437.8	714.6	586.6	764.4	579.2	734.5	563.2
Current Income Tax Expense	97.2	55.4	116.7	59.7	75.0	46.2	92.0	54.6	74.1	47.3	80.1	56.9
Deferred Income Tax Expense	0.0	0.0	0.0	0.0	-0.0	0.0	-0.0	0.0	-0.0	-0.0	0.0	0.0
Net Income	566.6	391.5	604.7	380.9	546.1	391.6	622.7	531.9	690.3	531.8	654.4	506.3
Non-controlling Interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	566.6	391.5	604.7	380.9	546.1	391.6	622.7	531.9	690.3	531.8	654.4	506.3
Earnings per Share VND per share	1,797.00	1,242.00	1,918.00	1,208.00	1,732.00	1,242.00	1,976.00	1,690.00	2,267.00	1,747.00	2,150.00	1,663.00
Diluted EPS VND per share	1,797.00	1,242.00	1,918.00	1,208.00	1,732.00	1,242.00	7,683.00	1,690.00	2,267.00	1,747.00	2,150.00	1,663.00

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)	12,696.1	12,214.8	10,893.1	10,515.4	11,328.1	11,476.7	10,011.0	9,341.7	9,933.5	9,852.0	8,099.6	7,340.7
I. Cash and cash equivalents	505.2	442.2	272.1	346.3	791.1	378.6	539.2	285.9	677.4	541.5	289.5	232.7
1. Cash	505.2	442.2	272.1	346.3	791.1	378.6	539.2	285.9	677.4	541.5	289.5	232.7
2. Cash equivalents	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	8,468.6	8,276.0	8,132.0	7,332.0	7,137.0	7,787.0	7,299.0	7,064.0	6,524.0	6,760.0	6,165.0	5,392.0
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	8,468.6	8,276.0	8,132.0	7,332.0	7,137.0	7,787.0	7,299.0	7,064.0	6,524.0	6,760.0	6,165.0	5,392.0
III. Short-term receivables	1,356.8	1,393.4	1,075.6	1,089.1	780.9	818.9	810.2	931.1	824.4	654.7	663.2	694.3
1. Short-term trade accounts receivable	363.9	435.4	340.5	363.4	302.8	457.6	344.5	466.4	452.4	358.3	249.8	148.9
2. Short-term prepayments to suppliers	1,001.1	872.0	678.5	666.8	432.0	303.8	430.0	414.5	345.2	232.5	379.9	457.3
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	12.3	106.3	76.8	78.9	66.2	77.6	55.9	70.1	46.8	83.2	52.8	107.4
7. Provision for short-term doubtful debts (*)	-20.6	-20.2	-20.2	-20.1	-20.1	-20.1	-20.1	-19.9	-19.9	-19.2	-19.2	-19.2
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	2,310.0	2,066.2	1,378.3	1,713.9	2,567.7	2,450.5	1,323.5	996.4	1,870.5	1,861.1	962.6	996.5
1. Inventories	2,310.0	2,066.2	1,378.3	1,713.9	2,567.7	2,450.5	1,323.5	996.4	1,870.5	1,861.1	965.2	996.5
2. Provision for decline in value of inventories	—	—	—	—	—	—	-0.0	0.0	0.0	0.0	-2.6	0.0
V. Short-term Biological Assets	1.7	1.3	—	—	—	—	—	—	—	—	—	—
2. Short-term seasonal or single-harvest crops	1.7	1.3	—	—	—	—	—	—	—	—	—	—
V. Other short-term assets	53.7	35.8	35.1	34.1	51.4	41.6	39.1	64.3	37.1	34.7	19.2	25.1
1. Short-term prepayments	51.8	35.7	27.7	33.4	50.6	39.4	23.9	62.9	36.7	33.9	18.5	22.9
2. Value added tax to be reclaimed	—	—	7.3	0.7	0.1	—	15.2	1.4	0.4	0.0	0.0	2.1
3. Taxes and other receivables from state authorities	1.9	0.1	0.0	0.0	0.7	2.2	0.0	0.0	0.0	0.7	0.7	0.2
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)	3,148.9	3,259.8	3,469.4	3,456.9	3,445.8	3,548.0	3,797.6	3,672.3	3,639.9	3,725.5	3,959.3	3,873.0
I. Long-term receivables	0.4	0.8	0.8	0.8	0.8	0.4	0.4	0.4	0.4	0.8	0.8	0.8
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	0.4	0.8	0.8	0.8	0.8	0.4	0.4	0.4	0.4	0.8	0.8	0.8
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	2,822.1	2,947.9	3,141.6	3,162.4	3,174.9	3,270.4	3,453.6	3,363.4	3,373.0	3,442.2	3,666.3	3,571.1
1. Tangible fixed assets	2,799.5	2,924.1	3,116.9	3,147.2	3,159.0	3,253.7	3,436.4	3,345.9	3,356.7	3,425.4	3,650.2	3,554.3
- Cost	9,542.8	9,527.4	—	—	—	—	9,382.8	9,275.5	9,260.2	9,223.7	9,204.3	9,104.6
- Accumulated depreciation	-6,743.2	-6,603.3	—	—	—	—	-5,946.3	-5,929.6	-5,903.5	-5,798.3	-5,554.1	-5,550.4
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	22.6	23.8	24.7	15.2	15.9	16.7	17.1	17.5	16.3	16.9	16.1	16.8
- Cost	89.0	89.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-66.4	-65.2	—	—	—	—	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	100.2	76.6	53.2	65.8	42.7	48.0	81.8	92.2	48.5	57.8	53.5	88.8
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	100.2	76.6	53.2	65.8	42.7	48.0	81.8	92.2	48.5	57.8	53.5	88.8
V. Long-term financial investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Investments in other entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	226.1	234.5	273.7	227.9	227.4	229.2	261.8	216.3	218.0	224.7	238.8	212.3
1. Long-term prepayments	226.1	234.5	273.7	227.9	227.3	229.2	261.7	216.2	218.0	224.6	238.8	212.2
2. Deferred income tax assets	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.1	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)	15,845.0	15,474.6	14,362.5	13,972.4	14,774.0	15,024.7	13,808.6	13,014.0	13,573.4	13,577.5	12,058.9	11,213.6
A. LIABILITIES (300=210+330)	5,196.6	4,749.5	3,709.9	3,924.5	4,794.8	4,967.4	3,806.4	3,634.4	4,696.7	4,788.3	3,472.3	3,281.4
I. Short -term liabilities	5,042.2	4,592.7	3,550.0	3,744.7	4,615.2	4,787.3	3,626.2	3,446.0	4,508.3	4,597.6	3,281.6	3,231.9
1. Short-term trade accounts payable	307.3	383.9	435.6	250.8	305.4	344.2	464.1	168.1	454.6	377.3	456.2	288.1
2. Short-term advances from customers	33.1	66.9	84.5	55.2	50.2	43.2	56.3	33.9	41.7	30.3	35.5	18.5
3. Dividends and profits payable	0.2	0.3	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	173.0	132.1	202.3	340.2	303.7	96.1	158.4	349.3	172.2	104.6	144.8	449.4
4. Payable to employees	323.1	215.0	107.8	291.7	275.4	200.3	94.8	271.5	269.6	195.6	112.5	327.5
5. Short-term acrrued expenses	225.4	171.3	6.2	244.9	143.8	115.5	4.8	137.1	48.8	82.0	3.3	137.4
6. Short-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	70.4	48.7	84.9	22.0	42.6	30.2	50.6	23.8	59.8	29.9	42.6	27.1
10. Short-term borrowings and financial leases	3,794.2	3,441.9	2,536.3	2,368.2	3,317.4	3,806.6	2,713.6	2,306.9	3,301.8	3,632.4	2,411.3	1,843.0
11. Provision for short-term liabilities	15.8	49.2	—	76.3	79.7	52.6	0.0	70.5	73.3	56.5	0.0	64.3
12.. Bonus and welfare fund	99.5	83.3	92.2	95.4	97.0	98.6	83.6	84.8	86.5	88.9	75.4	76.6
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	154.3	156.8	159.9	179.8	179.7	180.1	180.1	188.4	188.4	190.7	190.7	49.5
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	8.0	7.6	9.6	8.8	8.7	8.2	8.3	8.3	8.3	8.3	8.3	8.5
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	146.3	149.2	150.3	171.0	171.0	171.8	171.8	180.1	180.1	182.5	182.5	41.0
14. Provision for severance allowances	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	10,648.4	10,725.1	10,652.6	10,047.9	9,979.1	10,057.3	10,002.3	9,379.6	8,876.7	8,789.2	8,586.6	7,932.2
I. Owner's equity	10,648.4	10,725.1	10,652.6	10,047.9	9,979.1	10,057.3	10,002.3	9,379.6	8,876.7	8,789.2	8,586.6	7,932.2
1. Owner's capital	3,676.5	3,676.5	3,676.5	3,676.5	3,676.5	3,676.5	3,676.5	3,676.5	3,569.4	3,569.4	3,569.4	3,569.4
- Common stock with voting right VND per share	3,676,481,530,000.00	3,676,481,530,000.00	3,676,481,530,000.00	3,676,481,530,000.00	3,676,481,530,000.00	3,676,481,530,000.00	3,676,481,530,000.00	3,676,481,530,000.00	3,569,399,550,000.00	3,569,399,550,000.00	3,569,399,550,000.00	3,569,399,550,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	528.8	528.8	528.8	528.8	528.8	528.8	528.8	528.8	353.5	353.5	353.5	353.5
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	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00	-834,457,318,216.00
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	908.7	851.2	851.2	851.2	851.2	851.2	779.9	779.9	779.9	779.9	714.4	714.4
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	6,368.8	6,503.1	6,430.5	5,825.8	5,757.1	5,835.2	5,851.5	5,228.9	5,008.3	4,920.8	4,783.8	4,129.4
- Accumulated retained earning at the end of the previous period	5,410.7	6,111.6	4,819.4	4,819.4	4,819.4	5,443.6	3,786.2	3,786.2	3,786.2	4,389.0	2,895.7	2,895.7
- Undistributed earnings in this period	958.1	391.5	1,611.2	1,006.5	937.7	391.6	2,065.3	1,442.7	1,222.1	531.8	1,888.1	1,233.7
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Financial reserves	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	15,845.0	15,474.6	14,362.5	13,972.4	14,774.0	15,024.7	13,808.6	13,014.0	13,573.4	13,577.5	12,058.9	11,213.6

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	663.8	446.9	713.0	440.6	621.1	437.8	714.6	586.6	765.3	579.2	729.5	563.2
Depreciation of Fixed Assets and Investment Property	142.4	221.1	67.5	31.2	121.8	239.7	60.3	27.8	107.5	248.1	35.3	29.1
Provision (Increase)/Reversal	-33.1	49.2	-76.2	-3.4	27.1	52.6	-70.4	-2.7	17.5	53.9	-61.6	-2.4
FX Gain/Loss from Revaluation of Monetary Items	0.1	—	0.8	-1.0	1.0	—	-1.0	-0.1	0.1	0.0	0.3	-0.0
Gain/Loss from Investment Activities	-119.8	-99.2	-77.1	-69.7	-64.1	-61.9	-114.2	3.1	-56.2	-66.4	-71.8	-86.1
Interest Expense	58.8	37.5	21.8	25.0	32.7	27.3	17.7	19.7	28.8	27.3	20.1	28.2
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	150.0	0.0
Operating Profit Before Changes in Working Capital	712.3	655.5	640.6	422.7	739.6	695.4	607.1	634.4	862.8	842.1	801.8	532.0
Increase/(Decrease) in Receivables	21.9	51.5	107.2	-149.9	-0.3	53.0	91.5	-90.8	-203.0	38.2	43.0	-136.4
Increase/(Decrease) in Inventory	-243.9	-702.0	348.0	853.8	-117.2	-1,127.0	-327.1	874.1	-9.4	-900.1	35.5	759.3
Increase/(Decrease) in Payables (Excl. Interest and CIT)	51.1	195.2	-293.6	62.6	246.8	51.2	-144.2	-88.9	166.2	89.2	-476.7	334.5
Increase/(Decrease) in Prepaid Expenses	-9.2	30.6	-42.3	15.5	-11.0	17.8	-8.0	-25.6	2.4	-2.6	-23.9	18.3
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-57.5	-36.0	-21.1	-26.0	-33.3	-26.1	-17.2	-20.4	-29.6	-26.6	-19.3	-30.6
Corporate Income Tax Paid	-45.9	-146.6	-110.9	-37.9	-0.1	-123.9	-105.7	0.0	-38.8	-113.0	-117.3	-32.8
Other Operating Receipts	0.4	2.1	—	—	—	—	0.2	0.0	0.0	0.0	-3.7	3.7
Other Operating Payments	-6.1	-13.9	-14.2	-1.7	-2.2	-9.0	-8.6	-1.7	-5.4	-8.3	-3.7	-6.7
Net Cash Flow from Operating Activities	423.2	36.3	613.1	1,139.6	822.1	-468.5	88.1	1,281.2	745.2	-81.1	235.6	1,441.4
Payments for Fixed Assets and Other Long-term Assets	-110.4	-383.3	-130.1	-188.2	-20.7	-28.0	-131.7	-58.0	-37.4	-27.7	-93.7	-54.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	0.2	0.3	0.0	0.1	0.0	4.5	0.0	0.0	0.3	0.3	0.2
Loans and Purchases of Debt Instruments	-4,983.0	-3,482.0	-4,494.0	-3,329.0	-4,087.0	-2,843.0	-4,085.0	-2,695.0	-3,879.0	-2,125.0	-4,310.0	-1,310.0
Receipts from Loan Repayments and Sale of Debt Instruments	4,884.0	3,338.0	3,694.0	3,134.0	4,737.0	2,355.0	3,850.0	2,155.0	4,115.0	1,530.0	3,537.0	1,122.0
Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	121.3	67.2	75.3	59.1	75.4	43.0	119.7	-21.3	96.9	35.8	119.6	52.8
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	-88.1	-459.8	-854.6	-324.1	704.8	-473.0	-242.5	-619.3	295.5	-586.6	-746.9	-189.7
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	—	0.00	253,713,874,521.00	28,714,664,125.00	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	2,445.0	2,131.1	1,670.3	1,255.7	1,980.9	2,259.6	2,016.7	1,347.4	1,743.5	2,243.0	1,794.2	1,032.7
Repayment of Borrowings	-2,092.7	-1,225.5	-9.2	-2,204.9	-2,470.1	-1,166.5	-1,610.0	-2,342.3	-2,074.1	-1,021.9	-1,225.9	-2,050.4
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-624.3	-312.0	0.0	-312.1	-624.2	-312.1	-0.0	-312.1	-602.9	-301.4	-0.0	-301.4
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	-272.0	593.5	168.1	-1,261.3	-1,113.5	781.0	406.7	-1,053.3	-904.7	919.7	568.3	-1,319.0
Net Cash Flow During the Period	63.2	170.0	-73.3	-445.8	413.4	-160.6	252.3	-391.5	135.9	252.0	56.9	-67.4
Cash and Cash Equivalents at Beginning of Period	442.2	272.2	346.3	791.1	378.6	539.2	289.5	289.5	289.5	289.5	202.6	202.6
FX Difference from Revaluation	-0.2	—	-0.8	0.0	-0.9	—	1.0	-0.0	0.0	0.0	-0.2	0.0
Cash and Cash Equivalents at End of Period	505.2	442.2	272.2	346.3	791.1	378.6	539.2	285.9	677.4	541.5	289.5	232.7

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