The financial statements of TCM

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	3,645.3	3,810.9	3,327.9	4,340.7	3,537.5
Revenue Deductions	0.8	0.5	3.1	3.4	0.0
Net Revenue	3,644.4	3,810.5	3,324.8	4,337.4	3,535.4
Cost of Goods Sold	3,051.5	3,193.8	2,826.1	3,627.1	0.0
Gross Profit	592.9	616.7	498.7	710.3	513.5
Financial Income	91.5	91.5	82.1	106.0	60.6
Financial Expenses	60.9	64.7	113.4	130.3	-51.3
Interest Expense	41.4	24.9	37.8	31.0	-19.2
Share of Associates and Joint Ventures	-0.1	0.0	1.0	8.0	7.2
Selling Expenses	146.0	154.3	146.9	177.8	-184.4
General and Administrative Expenses	138.4	149.8	136.9	169.8	-169.9
Operating Profit	339.0	339.4	184.5	346.3	175.7
Other Income	1.2	18.0	5.0	4.6	0.0
Other Expenses	1.7	7.0	0.7	0.6	0.0
Other Profit	-0.5	11.0	4.3	4.0	2.8
Profit Before Tax	338.5	350.4	188.8	350.3	178.5
Current Income Tax Expense	66.4	70.4	57.2	69.9	-34.8
Deferred Income Tax Expense	0.8	2.0	-2.2	-0.7	0.0
Net Income	271.3	278.1	133.8	281.1	143.7
Non-controlling Interest	2.2	2.0	1.9	1.7	1.1
Profit Attributable to Parent	269.1	276.1	131.9	279.3	142.5
Earnings per Share VND per share	2,161.00	2,548.00	1,211.00	2,898.00	1,997.13
Diluted EPS VND per share	2,161.00	2,548.00	1,211.00	2,898.00	1,997.13

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	2,811.0	2,690.0	2,130.8	2,166.7	2,351.3
I. Cash and cash equivalents	814.3	563.3	434.9	422.2	270.5
1. Cash	116.4	111.0	49.2	179.7	0.0
2. Cash equivalents	698.0	452.3	385.7	242.5	0.0
II. Short-term financial investments	375.9	533.1	312.8	203.6	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	375.9	533.1	312.8	203.6	0.0
III. Short-term receivables	510.9	555.6	329.0	254.7	287.9
1. Short-term trade accounts receivable	497.3	548.9	377.6	345.4	0.0
2. Short-term prepayments to suppliers	8.3	72.2	6.7	7.6	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	1.9	0.0
6. Other short-term receivables	10.4	10.1	15.9	9.3	0.0
7. Provision for short-term doubtful debts (*)	-5.2	-75.6	-71.1	-109.3	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	987.3	1,002.7	1,027.9	1,255.1	1,463.7
1. Inventories	1,006.9	1,031.4	1,052.6	1,282.7	0.0
2. Provision for decline in value of inventories	-19.5	-28.7	-24.7	-27.7	0.0
V. Other short-term assets	122.5	35.2	26.1	31.1	43.0
1. Short-term prepayments	6.7	4.3	3.3	5.6	0.0
2. Value added tax to be reclaimed	114.4	30.9	22.8	25.5	0.0
3. Taxes and other receivables from state authorities	1.4	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)	1,360.2	1,205.5	1,148.6	1,310.3	1,255.1
I. Long-term receivables	0.2	0.4	0.4	2.7	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.2
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	0.2	0.4	0.4	2.7	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	988.0	1,024.8	960.9	1,037.0	927.7
1. Tangible fixed assets	760.4	845.5	755.6	736.6	644.9
- Cost	2,120.0	2,119.5	1,910.4	1,762.3	0.0
- Accumulated depreciation	-1,359.6	-1,274.0	-1,154.8	-1,025.8	0.0
2. Financial leased fixed assets	49.2	0.0	24.9	121.0	101.4
- Cost	55.9	0.0	45.5	155.6	0.0
- Accumulated depreciation	-6.7	0.0	-20.6	-34.6	0.0
3. Intangible fixed assets	178.5	179.3	180.4	179.4	181.4
- Cost	222.3	221.3	220.1	216.9	0.0
- Accumulated depreciation	-43.8	-42.0	-39.6	-37.5	0.0
III. Investment properties	2.2	2.3	2.4	2.5	2.5
- Cost	2.8	2.8	2.8	2.8	0.0
- Accumulated depreciation	-0.6	-0.5	-0.4	-0.4	0.0
IV. Long-term assets in progress	63.3	65.9	41.0	47.5	138.0
1. Long-term production in progress	21.9	13.9	9.8	9.8	0.0
2. Construction in progress	41.4	52.1	31.2	37.7	0.0
V. Long-term financial investments	2.4	4.8	4.8	85.7	86.4
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	6.7	8.3	8.3	80.9	0.0
3. Investments in other entities	2.5	4.9	4.9	4.9	0.0
4. Provision for diminution in value of long-term investments	-6.9	-8.5	-8.5	-0.1	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	304.1	107.3	139.1	134.9	0.0
1. Long-term prepayments	292.5	94.8	124.6	125.1	0.0
2. Deferred income tax assets	11.6	12.5	14.5	9.8	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	100.3
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)	4,171.2	3,895.5	3,279.4	3,477.1	3,606.4
A. LIABILITIES (300=210+330)	1,724.0	1,623.8	1,269.2	1,498.2	1,897.9
I. Short -term liabilities	1,512.9	1,518.3	1,173.4	1,311.9	1,757.4
1. Short-term trade accounts payable	402.1	478.5	265.3	176.4	553.9
2. Short-term advances from customers	69.4	48.6	46.8	59.2	69.0
3. Taxes and other payables to state authorities	20.1	18.9	18.3	14.4	0.0
4. Payable to employees	106.2	119.8	80.2	149.6	0.0
5. Short-term acrrued expenses	10.1	10.8	6.8	6.4	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	—	0.0	0.0	0.0	0.0
9. Other short-term payables	27.6	24.7	22.2	20.6	0.0
10. Short-term borrowings and financial leases	743.4	711.6	632.4	818.4	909.8
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	134.0	105.2	101.4	66.8	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	211.2	105.5	95.8	186.3	140.4
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	17.7	16.7	18.0	18.0	0.0
8. Long-term borrowings and financial leases	166.4	59.6	48.0	140.9	93.2
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	2.4	2.5	2.5	0.0	0.0
12. Provision for long-term liabilities	24.7	26.7	27.3	27.5	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)	2,447.2	2,271.7	2,010.1	1,978.9	1,708.5
I. Owner's equity	2,447.2	2,271.7	2,010.1	1,978.9	0.0
1. Owner's capital	1,121.4	1,019.6	927.0	820.5	1,708.5
- Common stock with voting right VND per share	1,121,392,050,000.00	1,019,554,820,000.00	926,977,140,000.00	820,471,270,000.00	713,608,080,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	22.7	22.7	22.7	22.7	22.7
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	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	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	209.2	227.5	293.0	342.7	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	76.0	75.8	75.6	75.4	0.0
11. Undistributed earnings after tax	1,012.5	921.5	687.7	714.0	466.4
- Accumulated retained earning at the end of the previous period	743.4	645.4	555.8	434.7	323.9
- Undistributed earnings in this period	269.1	276.1	131.9	279.3	142.5
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	11.3	10.6	10.1	9.6	8.8
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)	4,171.2	3,895.5	3,279.4	3,477.1	3,606.4

Item	2025	2024	2023	2022	2021
Profit Before Tax	338.5	350.4	188.8	350.3	178.5
Depreciation of Fixed Assets and Investment Property	119.1	121.7	128.7	125.8	119.0
Provision (Increase)/Reversal	-9.5	7.9	-8.4	3.8	0.0
FX Gain/Loss from Revaluation of Monetary Items	4.1	-3.4	2.4	-6.4	0.0
Gain/Loss from Investment Activities	-36.6	-38.6	-18.0	-31.8	0.0
Interest Expense	41.4	24.9	37.8	31.0	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	457.0	462.9	331.3	472.7	309.6
Increase/(Decrease) in Receivables	-55.3	-271.4	-52.6	32.5	0.0
Increase/(Decrease) in Inventory	24.5	21.2	230.1	206.7	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-67.3	283.1	3.3	-318.4	0.0
Increase/(Decrease) in Prepaid Expenses	-0.3	1.7	2.9	-28.4	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-40.4	-24.1	-37.8	-30.3	0.0
Corporate Income Tax Paid	-67.9	-69.9	-53.4	-54.8	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-15.3	-11.9	-9.9	-28.3	0.0
Net Cash Flow from Operating Activities	235.0	391.6	414.0	251.6	-89.1
Payments for Fixed Assets and Other Long-term Assets	-226.0	-237.2	-42.0	-126.9	-117.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	1.3	81.6	1.2	3.2	0.3
Loans and Purchases of Debt Instruments	-296.8	-218.7	-224.3	-429.1	-27.8
Receipts from Loan Repayments and Sale of Debt Instruments	454.6	0.0	115.1	517.9	4.7
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	9.1	0.0	56.7	1.0	0.0
Dividends and Interest Income Received	32.3	22.4	30.9	25.4	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	-25.4	-352.0	-62.4	-8.6	-116.9
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	0.00	0.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	2,368.2	2,111.9	2,225.9	3,362.2	2,959.5
Repayment of Borrowings	-2,265.5	-2,019.9	-2,419.6	-3,430.2	-2,709.1
Repayment of Finance Leases	-9.0	-3.1	-87.1	-22.5	-30.5
Dividends Paid	-51.5	-0.7	-57.9	-0.4	-31.3
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	42.1	88.2	-338.8	-90.8	188.6
Net Cash Flow During the Period	251.6	127.8	12.8	152.2	11.4
Cash and Cash Equivalents at Beginning of Period	563.3	434.9	422.2	270.5	287.9
FX Difference from Revaluation	-0.6	0.6	-0.1	-0.5	-0.0
Cash and Cash Equivalents at End of Period	814.3	563.3	434.9	422.2	270.5

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	968.1	1,010.2	859.0	902.4	873.0	1,010.9	925.0	1,104.6	846.9	934.4	816.2	920.8
Revenue Deductions	—	0.1	0.8	—	—	—	0.0	0.0	0.2	0.2	1.6	1.5
Net Revenue	968.1	1,010.1	858.1	902.4	873.0	1,010.9	925.0	1,104.6	846.7	934.1	814.6	919.3
Cost of Goods Sold	837.8	857.6	721.8	770.0	712.6	847.2	786.3	936.6	694.0	776.9	685.3	780.7
Gross Profit	130.3	152.5	136.3	132.4	160.4	163.7	138.7	168.0	152.7	157.2	129.3	138.6
Financial Income	12.5	19.9	13.4	27.7	26.5	23.9	26.1	16.2	24.7	24.5	15.4	26.7
Financial Expenses	13.5	15.3	12.3	14.0	19.5	15.1	13.9	22.4	9.5	18.9	28.2	27.3
Interest Expense	11.9	10.0	9.8	10.8	19.5	8.4	7.5	5.8	5.1	6.5	8.6	9.2
Share of Associates and Joint Ventures	—	—	—	-0.1	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	37.5	39.1	43.4	32.9	35.0	34.6	37.2	38.1	40.2	38.8	42.3	35.6
General and Administrative Expenses	35.3	38.1	36.2	33.3	30.1	38.8	28.6	36.8	39.1	45.3	41.2	35.0
Operating Profit	56.6	79.9	57.8	79.8	102.3	99.1	85.1	86.9	88.7	78.8	33.0	67.5
Other Income	0.6	2.2	0.6	0.2	0.2	0.3	-0.2	15.4	2.7	0.1	0.8	0.6
Other Expenses	0.2	0.0	0.2	0.1	0.1	1.3	6.6	0.1	0.2	0.2	0.1	0.1
Other Profit	0.4	2.2	0.3	0.1	0.1	-1.1	-6.8	15.3	2.5	-0.1	0.7	0.5
Profit Before Tax	57.0	82.1	58.1	79.8	102.5	98.1	78.3	102.2	91.2	78.7	33.6	67.9
Current Income Tax Expense	10.1	16.2	14.0	15.9	17.0	19.5	15.7	20.7	17.9	16.1	15.2	13.8
Deferred Income Tax Expense	1.1	—	-2.6	-0.1	3.5	—	1.0	0.0	1.0	0.0	-3.9	0.0
Net Income	45.8	65.9	46.7	64.0	82.0	78.6	61.7	81.5	72.3	62.6	22.4	54.2
Non-controlling Interest	0.7	0.2	0.7	0.7	0.5	0.3	0.7	0.4	0.9	0.5	0.6	0.4
Profit Attributable to Parent	45.2	65.7	46.0	63.3	81.4	78.3	60.9	81.1	71.4	62.2	21.7	53.8
Earnings per Share VND per share	383.74	528.00	410.38	564.58	726.12	768.03	597.54	795.35	700.60	631.00	234.29	655.31
Diluted EPS VND per share	383.74	528.00	410.38	564.58	726.12	768.03	2,548.00	795.35	700.60	631.00	234.29	655.31

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)	2,889.5	2,898.5	2,811.0	2,813.8	2,979.3	2,935.8	2,690.0	2,538.5	2,382.8	2,108.5	2,130.8	2,098.4
I. Cash and cash equivalents	691.8	781.2	814.3	682.9	677.1	736.7	563.3	529.5	441.6	429.9	434.9	346.2
1. Cash	61.5	158.7	116.4	52.8	57.8	119.4	111.0	112.3	64.4	52.5	49.2	48.7
2. Cash equivalents	630.4	622.5	698.0	630.1	619.3	617.3	452.3	417.3	377.3	377.4	385.7	297.5
II. Short-term financial investments	440.3	455.9	375.9	375.4	375.4	373.2	533.1	531.5	415.4	363.6	312.8	307.6
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	440.3	455.9	375.9	375.4	375.4	373.2	533.1	531.5	415.4	363.6	312.8	307.6
III. Short-term receivables	583.8	607.1	510.9	831.0	868.2	882.4	555.6	526.2	395.9	373.7	329.0	404.8
1. Short-term trade accounts receivable	576.1	583.9	497.3	673.7	718.0	730.6	548.9	571.1	443.9	395.4	377.6	450.8
2. Short-term prepayments to suppliers	8.4	16.3	8.3	225.2	218.0	215.5	72.2	20.5	18.3	32.4	6.7	5.5
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	4.5	12.0	10.4	10.0	10.2	12.0	10.1	10.2	8.2	17.1	15.9	17.8
7. Provision for short-term doubtful debts (*)	-5.2	-5.2	-5.2	-77.9	-77.9	-75.6	-75.6	-75.6	-74.4	-71.1	-71.1	-69.2
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	1,046.3	949.4	987.3	847.3	992.9	901.7	1,002.7	890.3	1,035.5	896.3	1,027.9	1,020.1
1. Inventories	1,061.5	962.6	1,006.9	866.3	1,016.9	932.6	1,031.4	927.6	1,067.2	925.4	1,052.6	1,053.6
2. Provision for decline in value of inventories	-15.2	-13.2	-19.5	-19.0	-24.1	-30.8	-28.7	-37.3	-31.7	-29.1	-24.7	-33.5
V. Other short-term assets	127.2	104.9	122.5	77.2	65.7	41.8	35.2	61.0	94.4	45.0	26.1	19.7
1. Short-term prepayments	9.3	6.8	6.7	5.8	7.8	4.7	4.3	4.7	6.3	4.4	3.3	3.9
2. Value added tax to be reclaimed	117.9	96.8	114.4	71.2	57.9	37.2	30.9	56.3	88.1	40.5	22.8	15.8
3. Taxes and other receivables from state authorities	—	1.3	1.4	0.1	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0
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)	1,380.8	1,337.1	1,360.2	1,148.6	1,164.3	1,175.3	1,205.5	1,220.2	1,309.5	1,126.1	1,148.6	1,176.8
I. Long-term receivables	0.2	0.2	0.2	0.5	0.5	0.4	0.4	0.5	0.5	0.4	0.4	0.4
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	0.4	0.0	0.0
6. Other long-term receivables	0.2	0.2	0.2	0.5	0.5	0.4	0.4	0.5	0.5	0.0	0.4	0.4
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	984.1	960.7	988.0	972.0	994.4	1,001.3	1,024.8	1,040.4	1,111.9	936.3	960.9	989.6
1. Tangible fixed assets	720.1	735.2	760.4	743.1	763.4	767.9	845.5	861.7	932.7	756.5	755.6	734.1
- Cost	2,084.5	2,076.1	—	—	—	—	2,119.5	2,109.8	2,157.6	1,957.5	1,910.4	1,848.8
- Accumulated depreciation	-1,364.4	-1,341.0	—	—	—	—	-1,274.0	-1,248.0	-1,224.9	-1,201.1	-1,154.8	-1,114.8
2. Financial leased fixed assets	45.5	47.4	49.2	51.0	52.8	54.7	0.0	0.0	0.0	0.0	24.9	77.5
- Cost	55.9	55.9	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-10.3	-8.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	218.5	178.2	178.5	177.8	178.2	178.7	179.3	178.7	179.2	179.8	180.4	178.0
- Cost	263.1	222.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-44.6	-44.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	2.2	2.2	2.2	2.3	2.3	2.3	2.3	2.3	2.3	2.4	2.4	2.4
- Cost	2.8	2.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-0.6	-0.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	91.0	68.5	63.3	64.9	58.2	60.0	65.9	62.8	54.8	43.6	41.0	37.0
1. Long-term production in progress	60.4	21.9	21.9	21.9	16.5	16.4	13.9	13.9	13.9	9.8	9.8	9.8
2. Construction in progress	30.6	46.6	41.4	43.0	41.7	43.6	52.1	48.9	41.0	33.8	31.2	27.2
V. Long-term financial investments	2.4	2.4	2.4	2.4	4.8	4.8	4.8	4.8	4.8	4.8	4.8	13.1
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	6.7	6.7	6.7	6.7	8.3	8.3	8.3	8.3	8.3	8.3	8.3	8.3
3. Investments in other entities	2.5	2.5	2.5	2.5	4.9	4.9	4.9	4.9	4.9	4.9	4.9	4.9
4. Provision for diminution in value of long-term investments	-6.9	-6.9	-6.9	-6.9	-8.5	-8.5	-8.5	-8.5	-8.5	-8.5	-8.5	-0.1
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	301.0	303.1	304.1	106.6	104.1	106.5	107.3	109.3	135.1	138.6	139.1	134.3
1. Long-term prepayments	290.5	291.5	292.5	97.6	95.1	94.0	94.8	95.9	121.6	124.1	124.6	126.2
2. Deferred income tax assets	10.5	11.6	11.6	9.0	9.0	12.5	12.5	13.5	13.5	14.5	14.5	8.1
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)	4,270.3	4,235.6	4,171.2	3,962.4	4,143.6	4,111.1	3,895.5	3,758.7	3,692.3	3,234.6	3,279.4	3,275.3
A. LIABILITIES (300=210+330)	1,854.4	1,778.6	1,724.0	1,562.0	1,807.2	1,811.7	1,623.8	1,548.6	1,563.7	1,161.8	1,269.2	1,287.5
I. Short -term liabilities	1,664.3	1,566.6	1,512.9	1,373.3	1,616.8	1,578.3	1,518.3	1,471.9	1,486.1	1,061.6	1,173.4	1,153.3
1. Short-term trade accounts payable	529.7	379.1	402.1	255.3	406.3	370.7	478.5	450.9	550.5	252.3	265.3	170.8
2. Short-term advances from customers	42.6	45.7	69.4	37.4	43.6	38.2	48.6	37.4	43.7	35.7	46.8	35.8
3. Dividends and profits payable	1.0	0.7	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	17.0	20.8	20.1	20.8	21.0	24.5	18.9	22.9	19.9	22.7	18.3	16.2
4. Payable to employees	64.3	45.4	106.2	86.1	78.0	60.1	119.8	92.2	65.7	41.7	80.2	70.4
5. Short-term acrrued expenses	14.6	16.4	10.1	14.3	10.0	16.9	10.8	18.4	10.8	12.5	6.8	11.6
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	23.3	22.1	27.6	23.2	22.6	74.3	24.7	23.8	21.8	21.6	22.2	26.7
10. Short-term borrowings and financial leases	814.4	907.5	743.4	800.8	894.8	895.8	711.6	719.4	661.8	577.9	632.4	718.3
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	157.5	128.9	134.0	135.4	140.6	97.8	105.2	106.9	111.8	97.2	101.4	103.5
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	190.0	212.0	211.2	188.7	190.4	233.4	105.5	76.8	77.7	100.3	95.8	134.2
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 taxes and other payables to the government	16.6	16.6	—	—	—	—	—	—	—	—	—	—
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	1.1	1.1	17.7	16.7	16.7	16.7	16.7	16.7	16.7	18.0	18.0	18.0
8. Long-term borrowings and financial leases	145.6	166.4	166.4	145.4	145.4	184.7	59.6	32.0	32.0	48.0	48.0	88.0
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	2.4	2.4	2.4	2.4	2.5	2.5	2.5	2.5	2.5	2.5	2.5	0.0
12. Provision for long-term liabilities	24.3	25.5	24.7	24.2	25.7	29.5	26.7	25.5	26.4	31.7	27.3	28.2
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)	2,416.0	2,457.1	2,447.2	2,400.4	2,336.4	2,299.4	2,271.7	2,210.1	2,128.6	2,072.8	2,010.1	1,987.8
I. Owner's equity	2,416.0	2,457.1	2,447.2	2,400.4	2,336.4	2,299.4	2,271.7	2,210.1	2,128.6	2,072.8	2,010.1	1,987.8
1. Owner's capital	1,177.4	1,121.4	1,121.4	1,121.4	1,121.4	1,019.6	1,019.6	1,019.6	1,019.6	927.0	927.0	820.5
- Common stock with voting right VND per share	1,177,390,770,000.00	1,121,392,050,000.00	1,121,392,050,000.00	1,121,392,050,000.00	1,121,392,050,000.00	1,019,554,820,000.00	1,019,554,820,000.00	1,019,554,820,000.00	1,019,554,820,000.00	926,977,140,000.00	926,977,140,000.00	820,471,270,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7
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	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00	-5,939,990,000.00
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	234.7	209.2	209.2	209.2	209.2	227.5	227.5	227.5	227.5	293.0	293.0	399.5
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	76.3	76.0	76.0	76.0	76.0	75.8	75.8	75.8	75.8	75.6	75.6	75.6
11. Undistributed earnings after tax	900.4	1,022.1	1,012.5	966.5	903.2	948.9	921.5	860.6	779.5	749.9	687.7	666.0
- Accumulated retained earning at the end of the previous period	789.5	956.5	743.4	743.4	743.4	870.6	645.4	645.4	645.4	687.7	555.8	555.8
- Undistributed earnings in this period	110.9	65.7	269.1	223.0	159.7	78.3	276.1	215.1	134.1	62.2	131.9	110.2
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	10.4	11.5	11.3	10.6	9.9	10.9	10.6	9.9	9.5	10.6	10.1	9.5
14. Financial reserves	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	4,270.3	4,235.6	4,171.2	3,962.4	4,143.6	4,111.1	3,895.5	3,758.7	3,692.3	3,234.6	3,279.4	3,275.3

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
Profit Before Tax	57.0	82.1	58.1	79.8	102.5	98.1	78.3	102.2	91.2	78.7	33.6	67.9
Depreciation of Fixed Assets and Investment Property	26.7	28.3	29.0	29.3	30.2	30.7	30.9	32.0	28.8	30.0	32.1	32.2
Provision (Increase)/Reversal	0.8	-5.5	1.9	-8.2	-8.2	5.0	-7.6	5.9	0.6	8.9	0.4	-1.1
FX Gain/Loss from Revaluation of Monetary Items	0.8	-0.5	3.2	4.6	-2.4	-1.3	-5.8	8.4	-13.1	7.1	-18.7	9.4
Gain/Loss from Investment Activities	-9.3	-10.6	-8.0	-14.6	-7.0	-7.0	-4.3	-22.6	-2.7	-8.9	-4.3	-11.5
Interest Expense	11.9	10.0	9.8	10.8	12.5	8.4	7.5	5.8	5.1	6.5	8.6	9.2
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	88.0	103.8	94.0	101.7	127.6	133.8	99.1	131.6	109.9	122.3	51.8	106.1
Increase/(Decrease) in Receivables	2.4	-79.4	211.5	26.0	-2.7	-290.1	3.3	-98.8	-75.4	-62.4	65.1	-112.0
Increase/(Decrease) in Inventory	-98.8	44.2	-140.5	150.6	-84.4	98.8	-103.8	139.6	-141.8	127.2	1.0	207.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	140.6	-109.6	187.1	-143.5	47.5	-158.4	116.6	43.4	148.0	-63.0	102.1	-33.3
Increase/(Decrease) in Prepaid Expenses	-1.4	0.9	4.0	-0.5	-4.3	0.4	1.3	0.4	0.7	-0.7	2.2	-0.2
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-11.8	-9.8	-9.7	-10.6	-11.9	-8.2	-7.1	-5.6	-5.1	-6.3	-8.5	-9.2
Corporate Income Tax Paid	-16.0	-15.3	-15.3	-16.5	-19.2	-16.9	-20.3	-17.5	-20.5	-11.6	-13.5	-11.1
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-1.4	-5.1	-1.3	-5.3	-1.3	-7.5	-2.7	-3.9	-1.1	-4.2	-2.1	-5.2
Net Cash Flow from Operating Activities	101.5	-70.4	329.7	102.0	51.3	-248.0	86.5	189.2	14.7	101.3	198.1	142.1
Payments for Fixed Assets and Other Long-term Assets	-47.9	-2.8	-174.5	-16.2	-19.8	-15.5	-75.3	-124.2	-33.3	-4.4	-3.3	-11.5
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.1	1.8	0.3	0.1	0.0	0.9	0.5	79.7	1.3	0.0	0.2	0.0
Loans and Purchases of Debt Instruments	-7.0	-110.0	-164.7	0.0	-130.1	-2.0	0.0	-120.2	-49.3	-49.3	-5.2	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	27.3	30.0	164.7	-0.5	127.7	162.6	0.0	0.0	0.0	0.0	0.0	0.0
Investments in Other Entities	—	—	—	—	—	—	0.2	-0.2	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	0.0	9.1	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	6.4	9.7	7.6	9.4	6.8	8.6	2.4	7.5	3.6	8.9	6.3	11.5
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	-21.1	-71.4	-166.6	1.9	-15.4	154.6	-72.1	-157.5	-77.7	-44.7	-2.0	-0.0
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	272.3	743.3	453.8	601.5	489.9	822.9	304.4	491.1	651.0	665.4	474.3	531.5
Repayment of Borrowings	-386.8	-576.5	-481.0	-695.2	-533.4	-555.9	-284.8	-432.8	-578.4	-723.9	-550.1	-622.4
Repayment of Finance Leases	-2.7	-2.7	-2.7	-2.7	-2.7	-0.9	0.0	0.0	0.0	-3.1	-31.6	-8.8
Dividends Paid	-55.4	-56.0	-0.0	-0.0	-51.5	—	-0.7	0.0	0.0	0.0	0.0	-0.0
Other Financing Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-172.7	108.1	-30.0	-96.4	-97.6	266.2	18.9	58.3	72.6	-61.6	-107.4	-99.8
Net Cash Flow During the Period	-92.2	-33.6	133.1	7.5	-61.7	172.7	33.2	90.1	9.6	-5.0	88.8	42.3
Cash and Cash Equivalents at Beginning of Period	781.2	814.3	682.9	677.1	736.7	563.3	434.9	434.9	434.9	434.9	422.2	422.2
FX Difference from Revaluation	0.9	0.5	-0.6	1.1	2.8	0.6	0.6	-2.2	2.2	0.0	-0.1	0.0
Cash and Cash Equivalents at End of Period	691.8	781.2	814.3	682.9	677.1	736.7	563.3	529.5	441.6	429.9	434.9	346.2

From one stock to the whole portfolio

Where does this stock stand
among the rest of your investments?

Each stock is only one part of the wider picture. Looking at investments side by side makes their contribution, risks and opportunities across the portfolio clearer.

How much does this stock
contribute to the portfolio?

Its weight and influence across the assets held for investment.

Is the portfolio
well balanced?

How holdings, sectors and asset groups are distributed in relation to overall risk.

What other opportunities
or risks may be present?

What becomes visible only when investments are viewed together rather than one ticker at a time.

View my portfolio

Where does this stock standamong the rest of your investments?

How much does this stockcontribute to the portfolio?

Is the portfoliowell balanced?

What other opportunitiesor risks may be present?

Where does this stock stand
among the rest of your investments?

How much does this stock
contribute to the portfolio?

Is the portfolio
well balanced?

What other opportunities
or risks may be present?