SWC · Tổng Công ty cổ phần Đường sông Miền Nam

Báo cáo tài chính gốc theo dòng/kỳ (KQKD · Cân đối · Lưu chuyển tiền tệ).

Item	2025	2024	2023	2022	2021
Revenue	1,083.4	1,151.3	824.1	932.7	734.8
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	1,083.4	1,151.3	824.1	932.7	734.8
Cost of Goods Sold	819.0	912.9	638.4	722.0	0.0
Gross Profit	264.4	238.4	185.7	210.7	187.6
Financial Income	55.7	49.4	68.5	82.4	66.5
Financial Expenses	7.5	7.7	9.8	9.4	-7.6
Interest Expense	5.1	7.6	7.7	7.6	-7.5
Share of Associates and Joint Ventures	74.0	52.0	24.3	-13.7	-12.5
Selling Expenses	—	0.2	0.0	0.0	-0.0
General and Administrative Expenses	28.7	25.1	18.8	20.9	-18.6
Operating Profit	358.0	306.8	249.9	249.1	215.5
Other Income	7.1	16.0	18.3	1.6	0.0
Other Expenses	1.6	0.6	1.0	0.7	0.0
Other Profit	5.5	15.4	17.2	0.9	4.3
Profit Before Tax	363.5	322.2	267.2	250.0	219.7
Current Income Tax Expense	53.0	47.9	40.2	38.1	-34.9
Deferred Income Tax Expense	-0.7	-0.1	-1.5	0.2	0.0
Net Income	311.1	274.4	228.4	211.7	184.8
Non-controlling Interest	0.1	0.2	0.2	0.6	0.2
Profit Attributable to Parent	311.0	274.2	228.2	211.2	184.6
Earnings per Share	4,635.00	4,086.00	3,401.00	3,147.00	2,750.00
Diluted EPS	4,635.00	4,086.00	3,401.00	3,147.00	2,750.62

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	640.8	689.2	625.6	447.2	352.5
I. Cash and cash equivalents	379.5	426.2	394.5	233.7	189.3
1. Cash	59.5	61.2	49.5	49.7	0.0
2. Cash equivalents	320.0	365.0	345.0	184.0	0.0
II. Short-term financial investments	60.5	60.9	66.9	74.1	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	60.5	60.9	66.9	74.1	0.0
III. Short-term receivables	181.5	193.7	160.5	132.7	81.6
1. Short-term trade accounts receivable	120.5	131.1	117.4	95.9	0.0
2. Short-term prepayments to suppliers	32.4	19.7	36.4	42.9	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	25.0	25.0	0.0	0.0	0.0
6. Other short-term receivables	20.5	35.0	24.0	11.3	0.0
7. Provision for short-term doubtful debts (*)	-16.9	-17.1	-17.3	-17.3	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	6.1	5.8	1.6	5.0	1.4
1. Inventories	6.1	5.8	1.6	5.0	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	13.2	2.5	2.1	1.6	5.4
1. Short-term prepayments	2.9	1.4	2.0	0.8	0.0
2. Value added tax to be reclaimed	6.5	1.1	0.0	0.8	0.0
3. Taxes and other receivables from state authorities	3.7	0.0	0.0	0.0	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)	1,552.4	1,477.2	1,320.7	1,289.2	1,180.0
I. Long-term receivables	7.1	7.1	7.1	7.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	7.0
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other long-term receivables	7.1	7.1	7.1	7.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	832.6	837.4	703.2	564.2	458.5
1. Tangible fixed assets	805.6	808.9	693.5	558.4	452.7
- Cost	1,469.9	1,381.3	1,107.6	906.8	0.0
- Accumulated depreciation	-664.3	-572.4	-414.1	-348.4	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	27.0	28.5	9.7	5.7	5.8
- Cost	32.9	32.8	10.8	6.2	0.0
- Accumulated depreciation	-5.8	-4.3	-1.1	-0.4	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	47.5	41.7	72.8	203.5	182.0
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	47.5	41.7	72.8	203.5	0.0
V. Long-term financial investments	659.5	585.5	533.5	509.2	527.4
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	658.7	584.7	532.7	508.4	0.0
3. Investments in other entities	0.8	0.8	0.8	0.8	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	5.7	5.5	4.1	5.2	0.0
1. Long-term prepayments	3.5	3.9	2.7	5.2	0.0
2. Deferred income tax assets	2.2	1.5	1.4	0.0	0.0
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0	0.0
4. Other long-term assets	—	0.0	0.0	0.0	5.0
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)	2,193.2	2,166.4	1,946.2	1,736.3	1,532.5
A. LIABILITIES (300=210+330)	225.9	268.1	263.7	264.5	265.4
I. Short -term liabilities	158.6	194.0	172.8	152.9	121.6
1. Short-term trade accounts payable	72.1	71.3	56.9	52.5	34.5
2. Short-term advances from customers	15.8	0.5	26.1	0.7	0.8
3. Taxes and other payables to state authorities	20.0	12.7	15.3	6.7	0.0
4. Payable to employees	23.5	18.8	18.9	15.3	0.0
5. Short-term acrrued expenses	2.0	3.8	1.9	1.8	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	1.2	0.9	0.9	0.8
9. Other short-term payables	14.9	24.7	34.8	39.6	0.0
10. Short-term borrowings and financial leases	8.1	56.7	13.1	14.2	15.8
11. Provision for short-term liabilities	—	1.1	0.2	16.0	0.0
12.. Bonus and welfare fund	2.0	3.4	4.8	5.2	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	67.2	74.1	90.9	111.6	143.8
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	11.2	11.2	14.0	18.3	0.0
8. Long-term borrowings and financial leases	53.1	60.0	73.4	89.9	117.2
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	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	2.9	2.9	3.5	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)	1,967.3	1,898.3	1,682.5	1,471.8	1,267.1
I. Owner's equity	1,967.3	1,898.3	1,682.5	1,471.8	0.0
1. Owner's capital	671.0	616.5	671.0	671.0	1,267.1
- Common stock with voting right	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00
- Preferred stock	—	-54,497,407,794.00	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	-56.4	0.5	0.5	0.5	0.5
5. Treasury shares	—	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	19.5	18.1	18.1	18.1	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	49.6	49.6	49.6	49.6	0.0
11. Undistributed earnings after tax	1,280.7	1,210.8	940.1	726.3	521.9
- Accumulated retained earning at the end of the previous period	970.4	936.1	722.0	515.7	337.8
- Undistributed earnings in this period	310.3	274.6	218.1	210.6	184.1
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	2.9	2.8	3.2	6.3	6.0
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)	2,193.2	2,166.4	1,946.2	1,736.3	1,532.5

Item	2025	2024	2023	2022	2021
Profit Before Tax	363.5	322.2	267.2	250.0	219.7
Depreciation of Fixed Assets and Investment Property	95.0	81.5	70.8	63.4	50.9
Provision (Increase)/Reversal	-0.2	-0.3	-0.0	0.2	0.0
FX Gain/Loss from Revaluation of Monetary Items	1.4	-0.4	1.4	1.7	0.0
Gain/Loss from Investment Activities	-136.6	-104.1	-92.1	-70.9	0.0
Interest Expense	5.1	7.6	7.7	7.6	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	328.2	306.7	254.9	251.9	220.1
Increase/(Decrease) in Receivables	-1.1	54.5	-13.0	-39.6	0.0
Increase/(Decrease) in Inventory	-0.3	-4.2	3.4	-3.6	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	5.9	-42.2	-7.8	23.3	0.0
Increase/(Decrease) in Prepaid Expenses	-1.2	-0.4	1.3	-1.0	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-5.1	-7.6	-7.7	-7.6	0.0
Corporate Income Tax Paid	-44.6	-51.3	-33.6	-40.6	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-6.2	-5.4	-5.3	-5.5	0.0
Net Cash Flow from Operating Activities	275.6	250.0	192.2	177.4	200.4
Payments for Fixed Assets and Other Long-term Assets	-52.3	-58.1	-65.5	-191.9	-220.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.1	0.0	1.4	0.8	3.5
Loans and Purchases of Debt Instruments	-160.0	-78.6	-12.2	-10.6	-50.2
Receipts from Loan Repayments and Sale of Debt Instruments	160.4	15.2	19.4	15.9	51.5
Investments in Other Entities	-57.4	-101.2	-12.7	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	3.0	0.0	0.0
Dividends and Interest Income Received	78.3	36.2	54.4	83.7	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	-30.9	-186.7	-12.4	-102.1	-142.0
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	—	0.0	0.0	0.0	18.5
Repayment of Borrowings	-57.0	-31.8	-19.0	-30.7	-13.4
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-234.6	-0.1	-0.1	-0.3	-0.4
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	-291.7	-31.9	-19.1	-30.9	4.7
Net Cash Flow During the Period	-47.0	31.4	160.8	44.4	-14.6
Cash and Cash Equivalents at Beginning of Period	426.2	394.5	233.7	189.3	126.1
FX Difference from Revaluation	0.2	0.3	0.0	0.1	-0.0
Cash and Cash Equivalents at End of Period	379.5	426.2	394.5	233.7	189.3

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	370.3	316.0	283.3	265.0	275.2	259.9	338.3	303.7	281.0	228.4	258.2	181.5
Revenue Deductions	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	370.3	316.0	283.3	265.0	275.2	259.9	338.3	303.7	281.0	228.4	258.2	181.5
Cost of Goods Sold	283.5	255.0	204.7	197.1	212.4	204.8	261.2	241.8	227.5	182.4	202.0	131.6
Gross Profit	86.8	61.0	78.6	67.9	62.8	55.1	77.0	61.8	53.5	46.0	56.1	49.9
Financial Income	6.3	26.7	4.8	6.4	24.9	19.7	21.1	4.2	21.3	2.8	-2.0	6.4
Financial Expenses	1.6	1.2	1.6	1.4	2.3	2.2	3.2	1.2	2.3	1.0	2.3	3.2
Interest Expense	1.2	1.0	1.8	0.7	0.7	1.9	3.2	1.2	2.3	1.0	2.5	1.2
Share of Associates and Joint Ventures	38.3	4.6	27.8	27.2	12.1	6.9	5.6	23.1	4.1	19.1	26.8	22.7
Selling Expenses	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
General and Administrative Expenses	6.1	6.8	11.6	6.1	5.3	5.7	10.1	4.2	4.4	6.6	4.7	4.7
Operating Profit	123.8	84.4	98.0	94.0	92.2	73.8	90.4	83.8	72.2	60.4	73.9	71.1
Other Income	0.4	0.0	0.2	6.3	0.6	0.0	7.1	6.6	0.5	1.8	18.1	0.1
Other Expenses	0.1	0.1	0.2	1.2	0.7	0.1	0.3	0.2	0.0	0.0	1.0	0.0
Other Profit	0.3	-0.0	0.0	5.0	-0.1	-0.1	6.7	6.4	0.5	1.7	17.1	0.0
Profit Before Tax	124.1	84.4	98.1	99.0	92.1	73.7	97.2	90.2	72.7	62.1	91.0	71.1
Current Income Tax Expense	17.8	11.7	14.5	14.8	12.7	10.7	15.5	13.6	10.2	8.6	15.1	9.7
Deferred Income Tax Expense	-0.2	-0.1	-0.2	-0.1	-0.2	-0.1	0.3	5.0	0.1	0.0	-0.0	-0.7
Net Income	106.6	72.8	83.7	84.4	79.6	63.2	81.3	71.6	62.4	53.5	75.9	62.1
Non-controlling Interest	-0.1	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	106.7	72.8	83.7	84.3	79.6	63.2	81.2	71.6	62.4	53.5	75.9	62.1
Earnings per Share	1,590.00	1,085.00	1,247.00	1,257.00	1,187.00	942.00	1,210.00	1,066.00	930.00	797.00	1,131.00	926.00
Diluted EPS	1,589.50	1,085.31	1,247.14	1,256.93	1,186.66	941.52	1,210.30	1,066.36	929.73	797.31	1,130.57	925.69

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)	781.2	711.9	640.6	466.1	650.2	576.9	689.6	668.3	739.8	681.5	625.5	539.4
I. Cash and cash equivalents	457.7	398.1	379.5	205.2	358.1	305.6	426.2	383.2	391.7	398.3	394.5	331.0
1. Cash	65.6	47.1	59.5	65.2	73.1	73.6	61.2	50.7	116.7	66.3	49.5	71.0
2. Cash equivalents	392.1	351.0	320.0	140.0	285.0	232.0	365.0	332.5	275.0	332.0	345.0	260.0
II. Short-term financial investments	100.9	85.5	60.5	60.5	60.5	60.9	60.9	61.5	63.0	65.2	66.9	69.9
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	100.9	85.5	60.5	60.5	60.5	60.9	60.9	61.5	63.0	65.2	66.9	69.9
III. Short-term receivables	203.5	217.1	181.5	186.4	213.5	193.9	194.1	216.4	275.8	213.1	160.5	132.6
1. Short-term trade accounts receivable	144.8	153.9	120.5	129.5	145.7	138.9	131.1	118.1	119.9	132.4	117.4	96.2
2. Short-term prepayments to suppliers	38.0	25.5	32.4	27.3	23.4	16.7	19.7	31.7	45.2	46.1	36.4	21.5
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	—	—	25.0	25.0	25.0	25.0	25.0	25.0	69.4	25.0	0.0	0.0
6. Other short-term receivables	37.6	54.6	20.5	21.8	36.7	30.4	35.0	58.4	58.3	26.6	24.0	32.3
7. Provision for short-term doubtful debts (*)	-16.9	-16.9	-16.9	-17.2	-17.3	-17.1	-16.7	-16.8	-16.9	-17.1	-17.3	-17.4
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	5.2	1.2	6.1	9.8	12.0	13.1	5.8	4.7	6.8	2.9	1.6	3.1
1. Inventories	5.2	1.2	6.1	9.8	12.0	13.1	5.8	4.7	6.8	2.9	1.6	3.1
2. Provision for decline in value of inventories	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	13.9	10.0	13.1	4.1	6.1	3.3	2.5	2.5	2.4	2.0	2.1	3.0
1. Short-term prepayments	4.1	3.9	2.8	1.6	1.5	1.6	1.4	0.8	1.4	1.8	2.0	1.0
2. Value added tax to be reclaimed	9.5	4.8	1.8	2.1	1.9	1.7	1.1	0.9	0.0	0.1	0.0	0.0
3. Taxes and other receivables from state authorities	0.3	1.3	8.5	0.3	2.7	0.0	0.0	0.8	0.9	0.0	0.0	2.0
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)	1,622.0	1,538.3	1,552.4	1,632.0	1,619.1	1,603.9	1,476.9	1,469.6	1,318.4	1,330.9	1,320.7	1,302.5
I. Long-term receivables	7.1	7.1	7.1	167.1	167.1	147.1	7.1	7.1	7.1	7.1	7.1	7.0
1. Long-term trade receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	160.0	160.0	140.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	7.1	7.1	7.1	7.1	7.1	7.1	7.1	7.1	7.1	7.1	7.1	7.0
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	812.0	809.5	832.6	766.0	789.7	813.5	837.4	860.9	749.4	687.7	703.2	665.9
1. Tangible fixed assets	785.8	782.9	805.6	738.7	761.9	785.4	808.9	832.6	740.1	678.2	693.5	656.1
- Cost	1,497.5	1,470.7	—	—	—	—	1,381.3	1,380.8	1,191.1	1,110.6	1,107.6	1,056.9
- Accumulated depreciation	-711.7	-687.8	—	—	—	—	-572.4	-548.2	-451.1	-432.3	-414.1	-400.8
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	26.3	26.7	27.0	27.4	27.8	28.1	28.5	28.2	9.3	9.5	9.7	9.8
- Cost	32.9	32.9	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-6.6	-6.2	—	—	—	—	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	94.9	52.2	47.5	61.4	53.2	45.7	41.7	16.6	1.9	80.0	72.8	117.9
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	94.9	52.2	47.5	61.4	53.2	45.7	41.7	16.6	1.9	80.0	72.8	117.9
V. Long-term financial investments	702.4	664.1	659.5	631.7	604.5	592.4	585.5	579.9	556.8	552.6	533.5	506.7
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	701.6	663.3	658.7	630.9	603.7	591.6	584.7	579.1	555.9	551.8	532.7	505.9
3. Investments in other entities	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8
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	5.6	5.4	5.7	5.9	4.7	5.3	5.2	5.2	3.2	3.5	4.1	4.9
1. Long-term prepayments	3.1	3.1	3.5	3.8	2.8	3.4	3.9	3.9	1.9	2.1	2.7	3.5
2. Deferred income tax assets	2.5	2.3	2.2	2.0	1.9	1.9	1.3	1.3	1.3	1.4	1.4	1.4
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)	2,403.2	2,250.2	2,193.0	2,098.1	2,269.3	2,180.8	2,166.5	2,137.9	2,058.1	2,012.4	1,946.2	1,842.0
A. LIABILITIES (300=210+330)	261.1	210.1	225.7	211.9	232.6	219.3	273.7	325.8	262.9	276.4	263.7	235.2
I. Short -term liabilities	198.1	144.1	158.5	141.5	161.3	146.3	194.7	242.0	181.1	189.9	172.8	139.0
1. Short-term trade accounts payable	94.2	72.9	72.1	63.6	77.0	77.6	71.3	59.6	51.5	75.7	56.9	46.7
2. Short-term advances from customers	1.8	1.1	15.8	5.5	6.5	0.6	0.5	9.8	47.2	37.2	26.1	7.6
3. Taxes and other payables to state authorities	21.9	15.7	19.9	21.9	20.2	13.6	12.7	16.7	13.6	13.5	15.3	11.4
4. Payable to employees	21.0	10.3	23.5	18.1	14.2	16.0	18.8	16.7	13.4	9.1	18.9	14.5
5. Short-term acrrued expenses	32.8	20.0	2.0	5.9	8.6	2.5	3.8	6.1	2.1	2.4	1.9	3.1
6. Short-term inter-company payables	—	—	—	—	0.2	—	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	—	0.4	0.7	1.2	1.6	0.3	0.7	0.9	1.2
9. Other short-term payables	16.4	14.9	14.9	14.9	20.7	21.4	25.0	51.9	35.0	34.1	34.9	35.4
10. Short-term borrowings and financial leases	8.3	8.1	8.1	9.0	10.3	11.6	56.7	75.5	13.2	13.1	13.1	13.0
11. Provision for short-term liabilities	—	—	—	—	—	—	1.4	0.3	0.3	0.3	0.0	0.9
12.. Bonus and welfare fund	1.6	1.0	2.0	2.7	3.3	2.4	3.4	3.8	4.4	3.9	4.8	5.1
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	63.0	65.9	67.2	70.4	71.2	72.9	79.1	83.8	81.8	86.5	90.9	96.2
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	—	—	—	—	—	0.2	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	11.2	11.2	11.2	11.2	11.2	11.2	10.9	12.2	12.3	12.4	14.0	15.3
8. Long-term borrowings and financial leases	48.8	51.8	53.1	56.3	57.1	58.7	60.0	63.7	66.4	70.7	73.4	77.5
9. Convertible bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	—	—	—	—	—	5.3	5.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	3.0	2.9	2.9	2.9	3.0	2.9	2.9	2.9	3.1	3.3	3.5	3.4
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)	2,142.1	2,040.2	1,967.3	1,886.2	2,036.7	1,961.5	1,892.8	1,812.1	1,795.3	1,736.1	1,682.5	1,606.8
I. Owner's equity	2,142.1	2,040.2	1,967.3	1,886.2	2,036.7	1,961.5	1,892.8	1,812.1	1,795.3	1,736.1	1,682.5	1,606.8
1. Owner's capital	671.0	614.1	671.0	671.0	671.0	671.0	671.0	671.0	671.0	671.0	671.0	671.0
- Common stock with voting right	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00	671,000,000,000.00
- Preferred stock	—	-56,911,927,829.00	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	-56.9	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	0.5	0.5	-56.4	-54.0	-54.0	-54.0	-54.0	-54.0	0.5	0.5	0.5	0.5
5. Treasury shares	—	—	—	—	—	—	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	20.7	19.5	19.5	19.5	19.5	18.1	18.1	18.1	18.1	18.1	18.1	18.1
9. Fund to support corporate restructuring	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	49.6	49.6	49.6	49.6	49.6	49.6	49.6	49.6	49.6	49.6	49.6	49.6
11. Undistributed earnings after tax	1,454.4	1,353.6	1,280.7	1,197.2	1,347.8	1,274.0	1,205.2	1,124.7	1,053.3	993.6	941.1	864.7
- Accumulated retained earning at the end of the previous period	1,275.3	1,280.7	970.4	970.4	1,205.3	1,210.8	936.2	937.3	937.3	940.1	722.0	722.0
- Undistributed earnings in this period	179.1	72.8	310.3	226.8	142.5	63.2	269.1	187.4	116.0	53.5	219.0	142.7
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	2.8	2.9	2.9	2.9	2.8	2.8	2.8	2.8	2.8	3.2	2.3	2.9
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)	2,403.2	2,250.2	2,193.0	2,098.1	2,269.3	2,180.8	2,166.5	2,137.9	2,058.1	2,012.4	1,946.2	1,842.0

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	124.1	84.4	98.5	99.0	92.3	73.7	97.2	90.2	72.7	62.1	91.0	71.1
Depreciation of Fixed Assets and Investment Property	24.3	23.9	23.5	23.7	23.9	23.9	24.7	20.9	18.9	18.4	17.9	17.7
Provision (Increase)/Reversal	0.0	—	-0.3	-0.1	0.2	—	-0.1	-0.4	0.2	-0.2	-0.1	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0	—	-0.3	0.5	1.1	—	0.1	0.0	-0.4	0.0	-0.2	1.4
Gain/Loss from Investment Activities	-72.3	-31.7	-33.2	-36.5	-39.6	-27.3	-28.7	-27.7	-25.4	-22.3	-26.2	-27.0
Interest Expense	1.2	1.0	1.8	0.7	0.7	1.9	3.2	1.2	2.3	1.0	2.5	1.2
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	0.0	0.0
Operating Profit Before Changes in Working Capital	77.3	77.6	90.0	87.2	78.6	72.3	96.3	84.1	68.2	59.0	84.9	64.4
Increase/(Decrease) in Receivables	-20.1	-28.3	-2.1	8.6	-28.8	21.2	39.7	20.7	14.9	-22.3	-43.0	27.5
Increase/(Decrease) in Inventory	-4.0	4.9	3.7	2.2	1.2	-7.3	-1.1	2.1	-3.9	-1.3	1.4	13.8
Increase/(Decrease) in Payables (Excl. Interest and CIT)	43.9	-5.0	20.2	-19.9	6.6	-1.0	-28.0	-22.0	5.3	3.0	33.2	-35.4
Increase/(Decrease) in Prepaid Expenses	-0.1	-0.6	-1.0	-1.1	0.7	0.3	-0.6	-1.3	0.6	0.9	-0.3	0.5
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	2.0	-3.5	-2.8	-0.4	-0.4	-1.6	-4.1	-0.9	-1.9	-0.6	-3.4	-0.9
Corporate Income Tax Paid	-12.0	-17.5	-15.4	-13.4	-4.3	-11.5	-19.2	-10.3	-9.6	-12.2	-12.5	-10.3
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-3.6	-1.1	-0.8	-0.7	-3.6	-1.0	-1.1	-0.7	-2.7	-1.0	-2.6	-1.9
Net Cash Flow from Operating Activities	83.4	26.6	91.7	62.4	50.0	71.4	81.8	71.8	70.9	25.5	57.7	57.8
Payments for Fixed Assets and Other Long-term Assets	-39.7	-11.2	-20.7	-8.0	-12.5	-11.2	-22.7	-22.2	-14.7	1.5	-10.0	-21.5
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	0.0	0.1	—	—	0.0	0.0	0.0	0.0	1.4	0.0
Loans and Purchases of Debt Instruments	-11.1	—	0.0	0.0	-20.0	-140.0	0.0	-3.5	-44.4	-30.7	-3.2	-4.4
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	160.0	0.0	0.4	—	0.6	2.5	4.7	7.4	6.1	4.0
Investments in Other Entities	—	—	—	—	—	—	0.0	-81.2	-20.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	3.0	0.0
Dividends and Interest Income Received	29.1	4.7	4.4	29.8	38.4	5.6	5.9	24.4	3.0	2.9	12.2	17.6
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	-21.7	-6.5	86.4	21.9	6.4	-145.6	-16.2	-80.1	-71.5	-18.9	9.5	-4.2
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Share Repurchases	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Borrowings	-2.9	-1.3	-3.8	-2.7	-4.1	-46.5	-22.5	-2.7	-3.9	-2.7	-3.9	-2.7
Repayment of Finance Leases	—	—	—	-234.6	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-0.0	-0.1	-234.6	—	—	—	-0.1	0.0	-0.0	0.0	-0.0	-0.1
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	-2.9	-1.4	-3.8	-237.3	-4.1	-46.5	-22.6	-2.7	-3.9	-2.7	-3.9	-2.8
Net Cash Flow During the Period	58.8	18.7	174.2	-152.9	52.3	-120.6	43.1	-11.1	-4.5	3.9	63.4	50.8
Cash and Cash Equivalents at Beginning of Period	398.1	379.5	205.2	358.1	305.6	426.2	394.5	394.5	394.5	394.5	233.7	233.7
FX Difference from Revaluation	0.0	—	0.2	0.2	0.2	—	-0.0	0.0	0.4	0.0	0.1	0.0
Cash and Cash Equivalents at End of Period	457.7	398.1	379.5	205.2	358.1	305.6	426.2	383.2	394.2	398.3	394.5	331.0

Giải mã BCTC

Điểm nhấn trong BCTC của Tổng Công ty cổ phần Đường sông Miền Nam (SWC) mà bạn nên biết

Q2/2026 On a TTM 2026Q2 basis, SWC has not accelerated revenue sharply, but profitability is improving visibly — profit is at an all-time high.

Want to know what to do next with this momentum? Talk to an advisor

Tiếp theo: Chuỗi số liệu & so sánh ngành → Tổng quan· Bóc tách BCTC· Nhận định