The financial statements of SJS

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	750.7	646.0	416.0	379.8	746.7
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	750.7	646.0	416.0	379.8	746.7
Cost of Goods Sold	220.0	209.3	228.8	324.1	0.0
Gross Profit	530.7	436.7	187.2	55.7	178.0
Financial Income	2.5	5.1	113.9	3.4	3.7
Financial Expenses	1.3	-0.4	0.0	12.6	-4.2
Interest Expense	—	0.6	0.5	0.0	-17.3
Share of Associates and Joint Ventures	—	0.0	-0.7	-11.6	-7.1
Selling Expenses	9.2	2.2	2.4	5.5	-27.5
General and Administrative Expenses	69.1	67.8	46.5	41.1	-50.8
Operating Profit	453.6	372.2	251.5	-11.6	92.0
Other Income	0.0	1.0	6.1	189.2	0.0
Other Expenses	0.3	17.5	5.0	1.2	0.0
Other Profit	-0.3	-16.6	1.1	188.0	-3.8
Profit Before Tax	453.3	355.6	252.6	176.4	88.2
Current Income Tax Expense	91.4	96.2	71.5	58.3	-24.8
Deferred Income Tax Expense	-1.1	-10.0	-2.7	-2.6	0.0
Net Income	363.0	269.4	183.8	120.6	63.4
Non-controlling Interest	1.6	0.9	-1.6	1.0	14.7
Profit Attributable to Parent	361.3	268.5	185.3	119.7	48.7
Earnings per Share VND per share	1,220.00	2,357.00	1,627.00	1,051.00	428.00
Diluted EPS VND per share	1,220.00	2,357.00	1,627.00	1,051.00	424.15

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	4,916.0	5,038.9	4,749.6	4,029.8	4,230.5
I. Cash and cash equivalents	153.0	172.9	68.2	76.7	339.6
1. Cash	142.2	155.3	36.1	28.7	0.0
2. Cash equivalents	10.8	17.6	32.1	48.0	0.0
II. Short-term financial investments	43.1	18.3	24.5	34.8	0.0
1. Available for sale securities	17.8	17.8	17.8	17.8	0.0
2. Provision for diminution in value of available for sale securities (*)	-11.4	-11.0	-12.7	-13.0	0.0
3. Held to maturity investments	36.7	11.5	19.3	29.9	0.0
III. Short-term receivables	446.4	623.3	454.0	177.1	225.4
1. Short-term trade accounts receivable	211.1	213.9	169.5	148.8	0.0
2. Short-term prepayments to suppliers	136.4	43.8	35.6	28.2	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	—	6.0	6.0	0.0	0.0
6. Other short-term receivables	246.8	496.3	352.3	109.1	0.0
7. Provision for short-term doubtful debts (*)	-147.9	-136.8	-109.5	-109.0	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	4,241.9	4,201.8	4,182.5	3,705.2	3,577.9
1. Inventories	4,246.6	4,206.5	4,187.2	3,709.9	0.0
2. Provision for decline in value of inventories	-4.7	-4.7	-4.7	-4.7	0.0
V. Other short-term assets	31.6	22.6	20.5	36.1	50.7
1. Short-term prepayments	28.9	18.9	17.4	18.1	0.0
2. Value added tax to be reclaimed	1.8	2.8	2.6	17.7	0.0
3. Taxes and other receivables from state authorities	0.9	0.9	0.5	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)	2,964.0	2,805.4	2,724.4	2,749.7	2,707.0
I. Long-term receivables	212.9	117.1	117.1	117.1	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	117.1
2. Long-term prepayments to suppliers	50.0	50.0	50.0	50.0	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	163.0	67.1	67.1	67.1	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	214.3	220.5	228.4	205.0	212.4
1. Tangible fixed assets	213.6	219.8	227.7	204.2	211.5
- Cost	328.8	326.9	333.1	302.3	0.0
- Accumulated depreciation	-115.2	-107.2	-105.4	-98.1	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	0.7	0.7	0.8	0.8	0.8
- Cost	1.0	1.0	1.0	1.0	0.0
- Accumulated depreciation	-0.3	-0.3	-0.2	-0.2	0.0
III. Investment properties	3.8	4.4	5.1	5.8	6.7
- Cost	15.8	15.8	15.8	16.1	0.0
- Accumulated depreciation	-12.0	-11.4	-10.8	-10.3	0.0
IV. Long-term assets in progress	2,454.5	2,383.8	2,292.2	2,294.8	2,209.8
1. Long-term production in progress	2,440.8	2,370.7	2,280.7	2,253.9	0.0
2. Construction in progress	13.8	13.1	11.5	40.9	0.0
V. Long-term financial investments	41.9	42.6	53.3	104.1	142.6
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	9.0	61.0	0.0
3. Investments in other entities	58.2	58.2	58.2	58.2	0.0
4. Provision for diminution in value of long-term investments	-16.3	-15.6	-15.0	-15.2	0.0
5. Held to maturity investments	—	0.0	1.0	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	36.5	37.0	28.4	23.0	0.0
1. Long-term prepayments	11.5	13.2	13.9	11.2	0.0
2. Deferred income tax assets	24.9	23.8	14.4	11.8	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	18.5
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)	7,880.0	7,844.3	7,474.0	6,779.5	6,937.5
A. LIABILITIES (300=210+330)	4,434.7	4,850.4	4,712.4	4,204.1	4,760.8
I. Short -term liabilities	2,181.1	2,257.1	3,057.8	3,375.4	3,473.6
1. Short-term trade accounts payable	91.7	113.4	141.2	135.9	212.3
2. Short-term advances from customers	681.1	655.5	3.3	96.1	139.8
3. Taxes and other payables to state authorities	117.9	186.0	116.8	94.9	0.0
4. Payable to employees	18.0	14.5	15.4	17.4	0.0
5. Short-term acrrued expenses	422.6	659.8	1,164.0	1,154.7	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	0.8	0.7	0.6	3.6	3.2
9. Other short-term payables	420.8	336.9	624.0	601.0	0.0
10. Short-term borrowings and financial leases	335.9	197.4	899.1	1,177.0	342.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	92.4	92.9	93.4	94.7	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	2,253.5	2,593.2	1,654.6	828.7	1,287.2
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	193.2	193.2	193.2	193.2	193.2
3. Long-term acrrued expenses	3.5	3.2	3.0	2.7	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	1,328.1	1,986.8	900.0	198.4	0.0
8. Long-term borrowings and financial leases	728.5	408.0	556.4	431.0	862.0
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	0.3	2.0	2.0	3.4	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)	3,445.4	2,993.9	2,761.6	2,575.4	2,176.7
I. Owner's equity	3,445.4	2,993.9	2,761.6	2,575.4	0.0
1. Owner's capital	2,974.7	1,148.6	1,148.6	1,148.6	2,176.7
- Common stock with voting right VND per share	2,974,748,280,000.00	1,148,555,400,000.00	1,148,555,400,000.00	1,148,555,400,000.00	1,148,555,400,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	29.7	219.0	219.0	219.0	219.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	48.8	48.8	48.8	48.8	0.0
5. Treasury shares VND per share	—	-61,161,904,650.00	-61,161,904,650.00	-61,161,904,650.00	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	4.4	749.3	749.3	749.3	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	7.5	7.5	7.5	7.5	0.0
11. Undistributed earnings after tax	365.4	866.2	595.6	406.9	62.2
- Accumulated retained earning at the end of the previous period	3.9	597.7	410.3	287.2	61.7
- Undistributed earnings in this period	361.5	268.5	185.3	119.7	0.5
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	14.9	15.7	54.0	56.6	51.3
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)	7,880.0	7,844.3	7,474.0	6,779.5	6,937.5

Item	2025	2024	2023	2022	2021
Profit Before Tax	453.3	355.6	252.6	176.4	0.0
Depreciation of Fixed Assets and Investment Property	7.8	7.7	7.2	8.2	0.0
Provision (Increase)/Reversal	12.2	26.2	0.0	5.3	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-2.5	-5.5	-113.2	8.2	0.0
Interest Expense	—	0.6	0.5	0.0	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	470.9	384.7	147.1	198.0	0.0
Increase/(Decrease) in Receivables	-32.0	-197.2	-64.4	64.6	0.0
Increase/(Decrease) in Inventory	-109.3	-108.6	-503.2	-174.7	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	40.0	877.6	-345.3	-602.9	0.0
Increase/(Decrease) in Prepaid Expenses	-8.4	-0.7	-2.0	1.4	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-335.4	-675.5	-13.6	-122.1	0.0
Corporate Income Tax Paid	-99.4	-80.8	-46.4	-18.7	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-0.6	-0.9	-1.9	-4.1	0.0
Net Cash Flow from Operating Activities	-74.2	198.5	-829.6	-658.5	-544.6
Payments for Fixed Assets and Other Long-term Assets	-2.6	-1.5	-2.4	-3.2	3.1
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.4	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	-34.5	-14.7	-32.6	-31.7	2.2
Receipts from Loan Repayments and Sale of Debt Instruments	16.0	23.5	36.1	24.8	3.1
Investments in Other Entities	-2.3	-36.1	-192.0	0.0	0.0
Proceeds from Investments in Other Entities	96.1	10.5	160.0	0.0	0.0
Dividends and Interest Income Received	2.5	3.5	5.2	2.5	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	75.3	-14.4	-25.6	-7.7	11.3
Proceeds from Equity Issuance and Capital Contributions VND per share	90,806,554,650.00	0.00	0.00	0.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	1,563.3	1,398.3	1,639.5	441.5	1,166.5
Repayment of Borrowings	-1,675.1	-1,264.1	-792.0	-37.5	-531.2
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	—	-213.7	-0.7	-0.7	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	-21.0	-79.4	846.8	403.3	635.3
Net Cash Flow During the Period	-19.9	104.7	-8.5	-262.9	86.5
Cash and Cash Equivalents at Beginning of Period	172.9	68.2	76.7	339.6	0.0
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	153.0	172.9	68.2	76.7	339.6

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	443.4	316.8	278.3	26.7	193.9	143.3	278.3	127.6	120.7	118.3	194.6	173.2
Revenue Deductions	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	443.4	316.8	278.3	26.7	193.9	143.3	278.3	127.6	120.7	118.3	194.6	173.2
Cost of Goods Sold	99.5	87.8	101.0	19.8	51.7	48.1	101.0	57.7	40.7	51.0	84.3	100.7
Gross Profit	344.0	229.0	177.3	7.0	142.1	95.3	177.3	70.0	80.0	67.3	110.4	72.6
Financial Income	0.3	0.4	0.9	0.8	0.6	0.3	0.9	1.0	2.8	0.5	1.8	0.6
Financial Expenses	8.2	1.1	-0.3	2.3	0.7	-0.3	-0.3	-1.5	2.2	-1.6	0.7	-0.9
Interest Expense	7.1	0.3	—	—	—	—	0.0	0.0	0.6	0.0	0.0	0.0
Share of Associates and Joint Ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	9.9	0.8	0.7	—	0.6	0.6	0.7	0.5	0.6	0.5	1.2	0.0
General and Administrative Expenses	18.8	7.8	15.5	1.5	11.2	9.0	15.5	8.0	9.6	8.9	8.6	13.9
Operating Profit	307.3	219.7	162.3	3.9	130.1	86.2	162.3	64.0	70.3	60.0	101.7	60.3
Other Income	0.0	0.0	0.9	0.0	0.0	0.0	0.9	0.0	0.0	0.0	6.0	0.0
Other Expenses	0.7	0.0	0.5	0.0	0.1	0.1	0.5	0.4	1.3	0.1	0.7	1.9
Other Profit	-0.7	-0.0	0.4	-0.0	-0.1	-0.1	0.4	-0.3	-1.3	-0.1	5.3	-1.9
Profit Before Tax	306.6	219.7	162.7	3.9	130.0	86.2	162.7	63.6	69.0	59.9	106.9	58.4
Current Income Tax Expense	62.3	43.9	40.3	0.8	26.2	18.7	40.3	16.3	17.6	15.6	25.8	23.4
Deferred Income Tax Expense	—	—	0.3	—	—	—	0.3	0.0	0.0	0.0	-0.0	0.0
Net Income	244.3	175.7	122.2	3.1	103.8	67.4	122.2	47.3	51.4	44.3	81.2	35.0
Non-controlling Interest	0.1	0.1	-0.1	0.2	0.2	0.2	-0.1	0.2	0.5	0.3	-0.2	-0.4
Profit Attributable to Parent	244.2	175.6	122.3	2.9	103.6	67.2	122.3	47.1	51.0	44.1	81.5	35.4
Earnings per Share VND per share	821.00	590.00	1,074.00	10.00	909.00	590.00	1,074.00	413.00	448.00	387.00	715.00	311.00
Diluted EPS VND per share	820.95	590.40	1,064.64	9.69	901.64	585.42	1,064.64	409.81	443.95	383.75	709.23	311.00

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)	5,270.6	4,998.4	5,083.7	5,195.8	5,117.5	5,013.3	5,083.7	5,015.3	4,979.6	4,841.6	4,756.1	4,266.7
I. Cash and cash equivalents	25.5	49.2	164.9	150.7	141.4	47.8	164.9	35.0	116.6	47.3	68.2	46.2
1. Cash	25.5	48.5	156.0	140.2	130.4	38.0	156.0	26.4	108.2	24.3	36.1	17.2
2. Cash equivalents	0.0	0.7	8.9	10.5	11.0	9.7	8.9	8.6	8.3	23.1	32.1	29.0
II. Short-term financial investments	11.5	21.5	26.3	40.7	41.4	41.8	26.3	39.6	15.2	16.1	24.5	36.9
1. Available for sale securities	17.8	17.8	17.8	17.8	17.8	17.8	17.8	17.8	17.8	17.8	17.8	17.8
2. Provision for diminution in value of available for sale securities (*)	-13.5	-12.3	-11.0	-13.4	-11.1	-10.7	-11.0	-11.3	-12.7	-11.0	-12.7	-12.2
3. Held to maturity investments	7.1	15.9	19.5	36.4	34.7	34.7	19.5	33.1	10.1	9.3	19.3	31.3
III. Short-term receivables	520.3	579.8	641.1	596.0	634.6	623.4	641.1	613.7	565.3	503.5	453.9	315.5
1. Short-term trade accounts receivable	263.0	308.2	212.7	189.8	224.7	211.1	212.7	205.6	200.7	168.6	170.0	137.2
2. Short-term prepayments to suppliers	147.8	160.9	44.5	48.2	39.0	46.0	44.5	31.6	30.9	32.5	35.8	29.9
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	—	—	6.0	—	—	—	6.0	6.0	6.0	6.0	6.0	0.0
6. Other short-term receivables	266.3	257.0	513.5	501.3	514.1	508.7	513.5	479.9	437.0	405.7	351.5	257.4
7. Provision for short-term doubtful debts (*)	-156.7	-146.3	-135.5	-143.2	-143.2	-142.5	-135.5	-109.3	-109.3	-109.3	-109.3	-109.0
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	4,379.5	4,311.7	4,228.8	4,351.6	4,270.8	4,278.8	4,228.8	4,305.7	4,261.1	4,251.9	4,188.9	3,837.5
1. Inventories	4,384.2	4,316.4	4,233.5	4,356.3	4,275.5	4,283.5	4,233.5	4,310.4	4,265.8	4,256.5	4,193.6	3,842.2
2. Provision for decline in value of inventories	-4.7	-4.7	-4.7	-4.7	-4.7	-4.7	-4.7	-4.7	-4.7	-4.7	-4.7	-4.7
V. Other short-term assets	333.8	36.2	22.6	56.8	29.3	21.5	22.6	21.2	21.4	22.9	20.7	30.7
1. Short-term prepayments	17.8	33.3	19.0	51.7	25.7	18.0	19.0	18.0	18.2	19.8	17.6	17.6
2. Value added tax to be reclaimed	1.7	2.0	2.8	4.2	2.8	2.7	2.8	2.7	2.8	2.6	2.5	12.5
3. Taxes and other receivables from state authorities	0.8	0.9	0.9	0.8	0.8	0.8	0.9	0.5	0.5	0.5	0.5	0.5
4. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	313.4	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	3,140.8	2,993.1	2,794.5	2,849.8	2,846.8	2,809.8	2,794.5	2,783.7	2,750.7	2,738.7	2,718.4	2,714.2
I. Long-term receivables	212.9	212.9	117.1	117.1	117.1	117.1	117.1	117.1	117.1	117.1	117.1	117.1
1. Long-term trade receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	50.0	50.0	50.0	50.0	50.0	50.0	50.0	50.0	50.0	50.0	50.0	50.0
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	163.0	163.0	67.1	67.1	67.1	67.1	67.1	67.1	67.1	67.1	67.1	67.1
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	211.2	213.1	220.5	215.7	216.7	218.5	220.5	222.5	224.5	226.4	228.4	199.7
1. Tangible fixed assets	210.5	212.4	219.8	215.0	216.0	217.8	219.8	221.7	223.7	225.7	227.7	198.9
- Cost	329.9	329.6	—	—	—	—	326.7	333.1	333.1	333.1	333.1	302.4
- Accumulated depreciation	-119.4	-117.3	—	—	—	—	-107.0	-111.4	-109.4	-107.4	-105.4	-103.5
2. Financial leased fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.8	0.8	0.8	0.8	0.8
- Cost	1.0	1.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-0.3	-0.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	3.5	3.6	4.4	4.0	4.1	4.3	4.4	4.6	4.7	4.9	5.1	5.2
- Cost	15.8	15.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-12.4	-12.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	2,639.6	2,494.4	2,381.2	2,443.6	2,439.5	2,400.3	2,381.2	2,372.7	2,311.7	2,304.3	2,292.2	2,316.0
1. Long-term production in progress	2,625.8	2,480.6	2,368.1	2,430.1	2,426.1	2,387.0	2,368.1	2,360.1	2,299.2	2,292.3	2,280.7	2,274.4
2. Construction in progress	13.8	13.8	13.1	13.5	13.3	13.3	13.1	12.7	12.5	12.1	11.5	41.7
V. Long-term financial investments	41.9	41.9	43.3	42.3	42.3	42.6	43.3	43.3	67.7	60.9	52.2	52.5
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	58.2	58.2	58.2	—	58.2	58.2	58.2	58.2	59.2	9.0	9.0	9.1
3. Investments in other entities	-16.3	-16.3	-15.0	58.2	-16.0	-15.6	-15.0	-15.0	-15.0	58.2	58.2	58.2
4. Provision for diminution in value of long-term investments	—	—	—	-16.0	—	—	0.0	0.0	0.0	-15.0	-16.1	-15.8
5. Held to maturity investments	—	—	—	—	—	—	0.0	0.0	23.4	8.6	1.0	1.0
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	31.7	27.0	28.1	27.1	27.2	27.0	28.1	23.6	25.1	25.1	23.5	23.7
1. Long-term prepayments	18.8	10.3	13.1	12.9	13.0	12.8	13.1	14.9	16.3	14.3	13.8	14.0
2. Deferred income tax assets	12.8	16.8	15.0	14.2	14.2	14.2	15.0	8.7	8.7	10.8	9.8	9.6
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)	8,411.5	7,991.5	7,878.2	8,045.6	7,964.3	7,823.1	7,878.2	7,799.0	7,730.2	7,580.3	7,474.5	6,980.9
A. LIABILITIES (300=210+330)	4,552.6	4,374.9	4,887.3	4,788.7	4,790.3	4,764.5	4,887.3	4,930.3	4,913.2	4,813.7	4,715.9	4,303.5
I. Short -term liabilities	1,868.9	1,891.6	2,070.8	2,202.0	2,068.6	2,275.6	2,070.8	1,800.7	2,433.3	2,943.2	2,372.5	3,264.5
1. Short-term trade accounts payable	112.5	95.4	116.5	91.4	103.8	100.4	116.5	113.6	144.2	140.0	143.4	140.7
2. Short-term advances from customers	17.9	479.0	654.8	683.3	684.9	846.2	654.8	3.1	83.2	59.4	2.8	16.5
3. Dividends and profits payable	0.6	0.0	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	104.4	51.4	215.4	47.1	46.3	22.8	215.4	99.5	79.1	94.1	116.8	89.2
4. Payable to employees	18.1	13.5	14.5	13.7	12.3	12.0	14.5	12.1	12.6	12.7	15.2	12.0
5. Short-term acrrued expenses	500.7	452.7	649.2	596.8	644.2	717.7	649.2	957.7	1,031.6	1,163.1	1,156.0	1,358.1
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	0.8	0.7	0.7	0.7	0.7	0.8	0.7	0.6	0.6	0.7	0.6	0.5
9. Other short-term payables	685.8	370.7	163.4	528.1	335.3	334.5	163.4	409.8	483.6	481.0	413.4	421.2
10. Short-term borrowings and financial leases	335.9	335.9	163.4	148.4	148.4	148.4	163.4	111.3	505.2	899.1	431.0	1,131.0
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	1.7
12.. Bonus and welfare fund	92.1	92.3	92.9	92.5	92.7	92.8	92.9	92.9	93.1	93.0	93.4	93.6
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	2,683.8	2,483.4	2,816.5	2,586.7	2,721.7	2,488.9	2,816.5	3,129.6	2,479.9	1,870.5	2,343.4	1,038.9
1. Long-term trade payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	193.2	193.2	193.2	193.2	193.2	193.2	193.2	193.2	193.2	193.2	193.2	193.2
3. Long-term acrrued expenses	3.5	3.5	3.2	3.2	3.2	3.2	3.2	3.0	56.4	20.9	12.4	2.7
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	1,524.9	1,452.3	2,210.0	1,581.3	1,889.5	1,919.6	2,210.0	2,449.3	1,709.0	1,098.0	1,111.2	409.9
8. Long-term borrowings and financial leases	962.0	834.2	408.0	807.1	633.9	371.0	408.0	482.2	519.3	556.4	1,024.5	431.0
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	0.2	0.2	2.0	1.9	1.9	1.9	2.0	1.9	2.0	2.0	2.0	2.1
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)	3,858.8	3,616.5	2,990.9	3,256.9	3,174.0	3,058.6	2,990.9	2,868.8	2,817.1	2,766.6	2,758.6	2,677.4
I. Owner's equity	3,858.8	3,616.5	2,990.9	3,256.9	3,174.0	3,058.6	2,990.9	2,868.8	2,817.1	2,766.6	2,758.6	2,677.4
1. Owner's capital	2,974.7	2,974.7	1,148.6	2,974.7	1,148.6	1,148.6	1,148.6	1,148.6	1,148.6	1,148.6	1,148.6	1,148.6
- Common stock with voting right VND per share	2,974,748,280,000.00	2,974,748,280,000.00	1,148,555,400,000.00	2,974,748,280,000.00	1,148,555,400,000.00	1,148,555,400,000.00	1,148,555,400,000.00	1,148,555,400,000.00	1,148,555,400,000.00	1,148,555,400,000.00	1,148,555,400,000.00	1,148,555,400,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	29.7	29.7	219.0	29.9	222.8	219.0	219.0	219.0	219.1	219.1	219.0	219.0
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	48.8	48.8	48.8	48.8	48.8	48.8	48.8	48.8	48.8	48.8	48.8	48.8
5. Treasury shares VND per share	—	—	-61,161,904,650.00	—	-53,216,217,000.00	-61,161,904,650.00	-61,161,904,650.00	-61,161,904,650.00	-61,161,904,650.00	-61,161,904,650.00	-61,161,904,650.00	-61,161,904,650.00
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	4.4	4.4	749.3	4.4	749.3	749.3	749.3	749.3	750.4	750.4	749.3	749.3
9. Fund to support corporate restructuring	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	7.5	7.5	7.5	7.5	7.5	7.5	7.5	7.5	7.5	7.5	7.5	7.5
11. Undistributed earnings after tax	786.9	544.1	863.4	177.9	1,036.9	933.4	863.4	741.1	688.4	637.6	592.7	511.2
- Accumulated retained earning at the end of the previous period	542.6	368.4	741.1	175.0	933.4	866.1	741.1	694.1	637.4	593.5	511.2	475.8
- Undistributed earnings in this period	244.3	175.7	122.3	2.9	103.6	67.2	122.3	47.1	51.0	44.1	81.5	35.4
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	6.8	7.3	15.6	13.7	13.5	13.3	15.6	15.7	15.5	15.9	54.0	54.3
14. Financial reserves	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	8,411.5	7,991.5	7,878.2	8,045.6	7,964.3	7,823.1	7,878.2	7,799.0	7,730.2	7,580.3	7,474.5	6,980.9

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
Profit Before Tax	526.3	—	236.7	—	216.5	—	355.5	-129.1	129.1	0.0	252.6	-89.7
Depreciation of Fixed Assets and Investment Property	4.6	—	4.0	—	3.8	—	8.5	-3.9	3.9	0.0	7.2	-3.9
Provision (Increase)/Reversal	1.9	—	3.7	—	8.5	—	-0.3	0.2	-0.2	0.0	0.0	-0.8
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-3.1	—	-1.5	—	-1.0	—	-3.4	3.2	-3.2	0.0	-113.2	110.6
Interest Expense	—	—	—	—	—	—	0.7	-0.6	0.6	0.0	0.5	-0.5
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	529.7	—	242.9	—	227.9	—	361.0	-130.2	130.2	0.0	147.1	15.7
Increase/(Decrease) in Receivables	-248.4	—	-8.9	—	-23.1	—	2,034.5	108.5	-108.5	0.0	-64.4	51.8
Increase/(Decrease) in Inventory	-302.5	—	-11.4	—	-98.0	—	-103.3	76.1	-76.1	0.0	-503.2	130.1
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-325.8	—	55.2	—	-15.2	—	-629.9	-194.3	194.3	0.0	-345.3	174.0
Increase/(Decrease) in Prepaid Expenses	2.2	—	-5.0	—	-3.4	—	-0.3	3.1	-3.1	0.0	-2.0	2.1
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-58.8	—	-238.5	—	-96.9	—	-404.2	201.4	-201.4	0.0	-13.6	7.7
Corporate Income Tax Paid	-1.3	-90.6	-3.2	-0.0	-0.2	-96.0	-1.2	-1.2	-29.9	-49.0	-3.8	-5.4
Other Operating Receipts	-180.7	181.8	—	—	—	—	-2,403.3	2,403.8	-303.6	303.6	-430.7	430.7
Other Operating Payments	235.5	-238.6	720.6	-720.9	342.0	-342.3	1,299.7	-1,300.7	317.7	-318.3	633.6	-634.0
Net Cash Flow from Operating Activities	-198.5	-299.1	-38.5	69.4	-81.6	-23.5	347.0	972.7	-120.2	-23.9	-685.1	275.6
Payments for Fixed Assets and Other Long-term Assets	—	-0.8	5.6	-7.8	7.6	-8.0	-1.4	0.7	-0.9	0.0	-2.4	1.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	—	0.4	0.0	-0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	—	-3.2	—	-31.3	—	0.0	22.9	-22.9	0.0	-32.6	37.2
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	1.9	—	14.1	—	0.0	-10.6	10.6	0.0	36.1	-12.8
Investments in Other Entities	—	—	—	—	—	—	0.0	36.1	-36.1	0.0	-192.0	0.0
Proceeds from Investments in Other Entities	—	—	94.8	—	—	1.3	-1.1	1.1	9.4	0.0	0.0	0.0
Dividends and Interest Income Received	-0.0	0.2	1.5	0.0	0.9	0.1	3.9	-0.7	1.8	0.1	4.0	-0.2
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	-20.8	21.0	94.0	0.2	-3.4	-15.5	13.0	38.3	-41.1	3.0	-185.6	24.3
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	241.3	439.0	791.4	231.9	540.0	—	15.0	-861.0	901.0	0.0	1,623.5	-300.0
Repayment of Borrowings	-45.8	-264.7	-844.5	-371.3	-373.1	-86.1	-37.1	-233.0	-669.0	0.0	-730.0	-16.0
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	0.0	-0.0	—	—	—	—	-208.1	0.7	-0.7	0.0	-0.7	0.7
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	195.6	174.3	-53.2	-60.2	178.6	-86.1	-230.2	-1,093.3	231.3	0.0	892.8	-315.3
Net Cash Flow During the Period	-23.7	-103.8	2.3	9.4	93.5	-125.2	129.9	-82.3	70.0	-20.9	22.1	-15.3
Cash and Cash Equivalents at Beginning of Period	49.2	153.0	150.7	141.3	47.8	172.9	68.2	68.2	68.2	68.2	76.7	76.7
FX Difference from Revaluation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	25.5	49.2	153.0	150.7	141.3	47.8	164.9	35.0	117.3	47.3	68.2	46.2

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Is the portfolio
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