The financial statements of TLP

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	21,469.0	20,271.7	19,933.9	25,508.2	11,915.7
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	21,469.0	20,271.7	19,933.9	25,508.2	11,912.9
Cost of Goods Sold	20,548.7	19,478.5	19,172.2	24,815.8	0.0
Gross Profit	920.3	793.2	761.7	692.4	595.7
Financial Income	57.7	57.8	82.6	59.6	28.5
Financial Expenses	284.4	270.5	285.9	244.8	-160.6
Interest Expense	242.1	207.3	212.7	141.6	-150.5
Share of Associates and Joint Ventures	41.5	23.5	20.7	24.1	-4.3
Selling Expenses	361.6	409.6	322.3	356.6	-236.6
General and Administrative Expenses	110.1	107.4	99.4	100.3	-85.1
Operating Profit	263.2	87.0	157.5	74.3	137.5
Other Income	22.1	72.4	13.7	9.3	0.0
Other Expenses	112.6	61.0	8.8	4.7	0.0
Other Profit	-90.6	11.4	4.9	4.6	9.4
Profit Before Tax	172.7	98.4	162.3	79.0	146.9
Current Income Tax Expense	27.9	12.5	41.3	35.8	-33.9
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	144.7	85.9	121.0	43.2	112.9
Non-controlling Interest	11.7	13.3	8.1	8.4	8.1
Profit Attributable to Parent	133.0	72.6	112.8	34.7	104.8
Earnings per Share VND per share	494.00	251.00	427.00	93.00	228.00
Diluted EPS VND per share	494.00	251.00	427.00	93.00	442.99

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	6,755.0	6,043.9	5,887.9	5,278.6	4,530.2
I. Cash and cash equivalents	1,794.7	1,310.0	1,446.9	1,159.1	671.4
1. Cash	735.7	646.9	1,143.4	732.9	0.0
2. Cash equivalents	1,059.0	663.1	303.4	426.2	0.0
II. Short-term financial investments	30.8	3.3	70.1	8.2	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	30.8	3.3	70.1	8.2	0.0
III. Short-term receivables	2,240.4	1,916.5	1,428.9	2,130.2	1,544.7
1. Short-term trade accounts receivable	2,082.8	1,723.4	1,258.0	1,951.2	0.0
2. Short-term prepayments to suppliers	11.5	16.7	20.9	23.3	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	8.0	22.6	0.0
6. Other short-term receivables	154.0	182.3	149.0	140.3	0.0
7. Provision for short-term doubtful debts (*)	-7.9	-5.8	-7.1	-7.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	2,639.0	2,728.9	2,878.0	1,944.1	2,292.2
1. Inventories	2,639.0	2,728.9	2,878.0	1,944.1	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	50.0	85.2	64.1	37.0	16.3
1. Short-term prepayments	8.9	12.0	10.6	6.3	0.0
2. Value added tax to be reclaimed	27.3	72.3	53.3	30.4	0.0
3. Taxes and other receivables from state authorities	13.8	0.9	0.2	0.2	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)	2,731.0	3,016.9	3,283.3	2,787.5	3,420.3
I. Long-term receivables	41.0	54.2	39.2	40.2	0.0
1. Long-term trade receivables	—	0.0	3.8	3.8	42.1
2. Long-term prepayments to suppliers	—	13.2	13.2	14.2	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	41.0	41.0	22.2	22.2	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	1,351.8	1,569.6	1,524.3	1,583.5	1,540.9
1. Tangible fixed assets	1,148.6	1,241.2	1,194.5	1,246.8	1,220.6
- Cost	2,393.6	2,407.5	2,290.0	2,269.0	0.0
- Accumulated depreciation	-1,245.0	-1,166.4	-1,095.5	-1,022.2	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	203.2	328.4	329.8	336.7	320.3
- Cost	312.4	435.7	429.9	429.9	0.0
- Accumulated depreciation	-109.2	-107.3	-100.1	-93.2	0.0
III. Investment properties	293.2	175.4	177.9	177.8	178.7
- Cost	351.7	226.4	226.0	223.4	0.0
- Accumulated depreciation	-58.6	-50.9	-48.2	-45.6	0.0
IV. Long-term assets in progress	651.9	613.9	867.2	625.3	1,290.6
1. Long-term production in progress	47.1	38.0	31.1	51.5	0.0
2. Construction in progress	604.8	575.9	836.1	573.8	0.0
V. Long-term financial investments	375.6	351.6	343.5	333.5	324.5
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	375.6	351.6	343.5	333.5	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	17.5	252.1	331.3	27.2	0.0
1. Long-term prepayments	17.5	252.1	331.3	27.2	0.0
2. Deferred income tax assets	—	0.0	0.0	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	43.5
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)	9,486.0	9,060.8	9,171.3	8,066.1	7,950.5
A. LIABILITIES (300=210+330)	6,664.4	6,216.9	6,444.8	5,443.8	5,169.6
I. Short -term liabilities	6,377.8	5,900.1	6,119.4	5,091.6	4,687.2
1. Short-term trade accounts payable	468.0	1,013.5	537.3	1,812.8	936.4
2. Short-term advances from customers	7.4	1.2	8.5	80.2	453.3
3. Taxes and other payables to state authorities	278.3	225.8	161.2	222.7	0.0
4. Payable to employees	10.4	19.4	16.9	24.0	0.0
5. Short-term acrrued expenses	8.6	7.3	23.7	5.3	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	43.0	316.0	143.2	1,302.4	0.0
10. Short-term borrowings and financial leases	5,120.9	3,878.6	4,791.0	1,317.9	2,661.3
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	49.5	47.5	47.5	57.0	0.0
13. Price stabilization fund	391.6	390.9	390.1	269.3	0.0
14. Government bonds	—	0.0	0.0	0.0	0.0
II. Long-term liabilities	286.6	316.8	325.4	352.1	482.3
1. Long-term trade payables	22.0	22.0	22.0	22.0	22.0
2. Long-term advances from customers	—	0.0	4.5	4.5	4.5
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	219.4	231.5	243.7	255.8	268.0
7. Other long-term liabilities	20.5	23.0	24.5	29.5	0.0
8. Long-term borrowings and financial leases	24.7	40.2	30.6	40.3	161.8
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	—	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)	2,821.6	2,843.9	2,726.5	2,622.3	2,780.9
I. Owner's equity	2,821.6	2,843.9	2,726.5	2,622.3	0.0
1. Owner's capital	2,366.0	2,366.0	2,366.0	2,366.0	2,780.9
- Common stock with voting right VND per share	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00
- Preferred stock VND per share	—	0.00	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	—	0.0	0.0	0.0	0.0
5. Treasury shares VND per share	-243,800,000.00	-243,800,000.00	-243,800,000.00	-243,800,000.00	0.00
6. Assets revaluation differences	-25.2	-25.2	-25.2	-25.2	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	41.1	32.5	15.8	15.5	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	72.0	107.6	146.2	42.3	143.8
- Accumulated retained earning at the end of the previous period	-49.7	44.6	40.3	14.1	39.0
- Undistributed earnings in this period	121.7	63.0	105.9	28.2	104.8
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	367.9	363.3	224.0	224.0	286.3
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)	9,486.0	9,060.8	9,171.3	8,066.1	7,950.5

Item	2025	2024	2023	2022	2021
Profit Before Tax	172.7	98.4	162.3	79.0	0.0
Depreciation of Fixed Assets and Investment Property	108.3	99.0	91.0	89.3	0.0
Provision (Increase)/Reversal	2.1	-1.3	0.0	-0.1	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.8	3.5	0.0	0.0	0.0
Gain/Loss from Investment Activities	-78.9	-49.3	-38.5	-37.3	0.0
Interest Expense	242.1	207.3	212.7	141.6	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	15.8	5.8	104.5	288.6	0.0
Operating Profit Before Changes in Working Capital	461.2	363.4	532.0	561.0	0.0
Increase/(Decrease) in Receivables	-279.4	-553.3	297.5	-1,025.7	0.0
Increase/(Decrease) in Inventory	80.7	142.2	-913.4	352.9	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-793.2	875.2	-2,549.1	2,204.4	0.0
Increase/(Decrease) in Prepaid Expenses	109.7	77.7	-308.3	-0.2	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-240.0	-211.3	-208.6	-140.9	0.0
Corporate Income Tax Paid	-18.0	-38.7	-39.7	-33.4	0.0
Other Operating Receipts	4.6	107.8	8.6	5.0	0.0
Other Operating Payments	-25.8	-19.0	-17.1	-16.7	0.0
Net Cash Flow from Operating Activities	-700.2	744.0	-3,198.1	1,906.5	-136.1
Payments for Fixed Assets and Other Long-term Assets	-160.8	-97.2	-304.4	-308.6	-112.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	132.7	85.7	367.3	427.3	905.9
Loans and Purchases of Debt Instruments	-34.8	-0.8	-76.9	-5.2	-3.0
Receipts from Loan Repayments and Sale of Debt Instruments	7.3	75.6	29.6	2.6	0.0
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	49.6	25.0	31.8	31.8	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	-5.9	88.4	47.4	147.9	816.9
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	0.00	0.00	51,000,000,000.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	23,404.0	20,844.5	18,046.9	15,835.1	12,602.4
Repayment of Borrowings	-22,169.0	-21,732.0	-14,600.3	-17,313.2	-13,118.1
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-44.1	-81.7	-8.1	-88.6	-34.6
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	1,190.8	-969.2	3,438.4	-1,566.7	-499.3
Net Cash Flow During the Period	484.7	-136.9	287.7	487.7	361.8
Cash and Cash Equivalents at Beginning of Period	1,310.0	1,446.9	1,159.1	671.4	489.9
FX Difference from Revaluation	0.0	0.0	-0.0	-0.0	-0.0
Cash and Cash Equivalents at End of Period	1,794.7	1,310.0	1,446.9	1,159.1	671.4

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Revenue	5,966.4	5,983.4	5,225.1	5,023.3	5,249.6	4,441.7	5,180.3	5,108.3	5,393.1	4,420.4	4,569.1	5,510.9
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	5,966.4	5,983.4	5,225.1	5,023.3	5,249.6	4,441.7	5,180.3	5,108.3	5,393.1	4,420.4	4,569.1	5,510.9
Cost of Goods Sold	5,734.7	5,653.7	5,021.2	4,801.2	5,074.2	4,280.8	5,013.1	4,915.7	5,148.5	4,169.9	4,424.1	5,353.9
Gross Profit	231.7	329.6	203.9	222.1	175.4	160.9	167.3	192.6	244.6	250.5	145.0	157.0
Financial Income	13.2	20.6	14.8	12.3	10.0	32.4	5.1	11.5	26.6	4.6	9.9	41.6
Financial Expenses	70.1	75.0	64.7	79.8	64.9	60.0	70.7	55.7	85.7	76.3	51.6	71.7
Interest Expense	63.9	73.8	59.1	58.0	51.1	55.2	50.1	43.7	65.3	51.5	49.8	45.4
Share of Associates and Joint Ventures	15.1	16.1	10.7	8.4	5.2	7.8	4.0	3.0	6.7	6.4	4.7	2.8
Selling Expenses	96.7	94.7	119.2	78.3	69.4	88.1	78.4	77.3	81.7	86.0	74.9	78.8
General and Administrative Expenses	27.6	58.1	23.7	59.9	30.0	26.0	13.3	35.8	31.7	22.7	23.6	23.9
Operating Profit	65.7	138.5	21.9	24.9	26.2	26.9	14.0	38.4	78.8	76.5	9.5	27.1
Other Income	2.4	1.7	1.3	2.2	4.5	61.1	8.4	1.2	3.5	2.7	1.5	1.1
Other Expenses	1.1	2.2	1.3	1.7	3.5	56.9	2.5	0.6	1.2	2.2	1.2	0.9
Other Profit	1.3	-0.5	0.1	0.5	1.0	4.2	5.9	0.7	2.4	0.4	0.2	0.2
Profit Before Tax	67.0	138.0	22.0	25.3	27.3	31.1	19.9	39.1	81.1	77.0	9.8	27.3
Current Income Tax Expense	10.4	29.4	2.8	3.0	3.7	3.2	2.7	2.3	16.3	7.1	2.9	1.7
Deferred Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	56.6	108.6	19.1	22.4	23.6	27.9	17.2	36.8	64.8	69.8	6.8	25.6
Non-controlling Interest	4.0	0.2	4.4	4.3	3.7	3.1	3.6	3.5	1.9	3.5	2.7	0.0
Profit Attributable to Parent	52.6	108.4	14.8	18.1	19.8	24.8	13.6	33.3	62.9	66.3	4.1	25.6
Earnings per Share VND per share	222.19	458.25	62.43	76.40	83.82	104.62	57.57	140.92	265.72	280.21	17.35	108.06
Diluted EPS VND per share	222.19	458.25	62.43	76.40	83.82	104.62	57.57	140.92	265.72	280.21	17.35	108.06

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	7,208.4	6,749.3	6,509.2	6,225.4	6,489.4	6,013.1	6,057.4	5,565.0	6,449.8	5,877.0	5,042.5	5,978.5
I. Cash and cash equivalents	1,460.4	1,784.7	1,833.7	1,613.3	1,914.0	1,344.5	1,233.0	993.8	1,500.3	1,102.2	1,112.8	1,299.1
1. Cash	403.4	735.7	780.3	653.8	968.9	849.4	835.5	635.5	1,143.9	700.4	766.2	579.5
2. Cash equivalents	1,057.0	1,049.0	1,053.5	959.5	945.1	495.1	397.5	358.3	356.4	401.8	346.6	719.6
II. Short-term financial investments	25.8	40.8	50.4	38.2	3.3	6.0	96.0	158.5	17.1	15.2	15.5	5.8
1. Available for sale securities	—	—	—	—	—	0.0	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	0.0
3. Held to maturity investments	25.8	40.8	50.4	38.2	3.3	6.0	96.0	158.5	17.1	15.2	15.5	5.8
III. Short-term receivables	1,807.6	2,246.9	1,762.5	1,801.6	1,793.5	1,789.0	1,727.6	1,681.5	2,414.4	1,926.9	1,935.5	2,533.9
1. Short-term trade accounts receivable	1,424.3	2,082.8	1,662.7	1,578.9	1,612.3	1,570.4	1,427.8	1,495.5	1,919.1	1,451.9	1,433.9	1,691.9
2. Short-term prepayments to suppliers	227.3	11.5	13.3	2.7	16.1	37.2	18.5	24.2	21.0	31.6	73.5	357.2
3. Short-term inter-company receivables	—	—	—	—	—	0.0	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	0.0
5. Short-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	8.0	16.6	22.6	22.6
6. Other short-term receivables	163.8	160.5	92.3	225.9	171.0	188.5	288.5	169.0	473.5	433.9	412.7	469.3
7. Provision for short-term doubtful debts (*)	-7.9	-7.9	-5.8	-5.8	-5.8	-7.1	-7.1	-7.1	-7.1	-7.1	-7.1	-7.1
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	3,816.8	2,638.7	2,819.9	2,733.6	2,740.9	2,826.2	2,940.2	2,691.6	2,456.3	2,778.8	1,894.1	1,983.6
1. Inventories	3,816.8	2,638.7	2,819.9	2,733.6	2,740.9	2,826.2	2,940.2	2,691.6	2,456.3	2,778.8	1,894.1	1,983.6
2. Provision for decline in value of inventories	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	97.9	38.3	42.7	38.6	37.6	47.4	60.6	39.5	61.6	53.8	84.6	156.0
1. Short-term prepayments	17.0	8.8	7.4	9.9	8.5	18.3	26.9	9.0	9.1	14.0	19.9	21.0
2. Value added tax to be reclaimed	65.9	27.3	29.3	28.1	28.5	28.1	32.6	29.4	52.3	39.5	64.4	134.7
3. Taxes and other receivables from state authorities	15.0	2.1	6.0	0.5	0.6	1.0	1.1	1.1	0.2	0.3	0.3	0.4
4. Government bonds	—	—	—	—	—	0.0	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	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	2,763.5	2,899.5	2,920.1	2,944.4	2,998.7	3,249.9	3,323.5	3,287.6	2,975.9	2,788.9	2,788.7	2,777.7
I. Long-term receivables	42.1	41.0	41.0	41.0	54.2	58.0	58.0	37.0	39.2	39.2	40.2	40.2
1. Long-term trade receivables	—	—	—	—	—	3.8	3.8	3.8	3.8	3.8	3.8	3.8
2. Long-term prepayments to suppliers	—	—	—	—	13.2	13.2	13.2	13.2	13.2	13.2	14.2	14.2
3. Capital at inter-company	—	—	—	—	—	0.0	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	0.0
5. Long-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	42.1	41.0	41.0	41.0	41.0	41.0	41.0	20.0	22.2	22.2	22.2	22.2
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	1,340.0	1,472.1	1,503.5	1,525.4	1,556.4	1,582.4	1,611.4	1,574.9	1,524.3	1,540.6	1,559.8	1,576.5
1. Tangible fixed assets	1,138.7	1,148.6	1,178.2	1,200.6	1,229.7	1,252.5	1,279.7	1,241.5	1,194.5	1,209.1	1,226.5	1,241.6
- Cost	2,407.3	—	—	—	—	2,399.9	2,411.8	2,356.8	2,290.0	2,289.4	2,289.2	2,283.8
- Accumulated depreciation	-1,268.6	—	—	—	—	-1,147.4	-1,132.1	-1,115.4	-1,095.5	-1,080.3	-1,062.7	-1,042.3
2. Financial leased fixed assets	—	—	—	—	—	0.0	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	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	201.3	323.4	325.3	324.8	326.6	329.8	331.6	333.4	329.8	331.5	333.3	335.0
- Cost	312.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-111.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	292.5	172.9	173.5	174.2	174.8	176.0	176.7	177.3	177.9	178.5	176.5	177.2
- Cost	351.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-59.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	691.0	652.3	634.4	634.3	607.3	752.3	797.3	824.0	867.2	666.7	646.1	619.3
1. Long-term production in progress	68.5	47.1	39.2	38.6	41.8	36.4	34.9	31.1	31.1	31.1	31.1	51.8
2. Construction in progress	622.5	605.2	595.2	595.7	565.4	715.9	762.4	792.9	836.1	635.6	615.0	567.5
V. Long-term financial investments	390.6	374.5	358.4	358.9	356.8	353.7	348.6	345.1	343.5	339.6	340.7	336.3
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	390.6	374.5	358.4	358.9	356.8	353.7	348.6	345.1	343.5	339.6	340.7	336.3
3. Investments in other entities	—	—	—	—	—	0.0	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	0.0
5. Held to maturity investments	—	—	—	—	—	0.0	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	0.0
VI. Other long-term assets	7.3	186.7	209.2	210.7	249.3	327.4	331.5	329.3	23.9	24.3	25.4	28.1
1. Long-term prepayments	7.3	186.7	209.2	210.7	249.3	327.4	331.5	329.3	23.9	24.3	25.4	28.1
2. Deferred income tax assets	—	—	—	—	—	0.0	0.0	0.0	0.0	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	0.0
4. Other long-term assets	—	—	—	—	—	0.0	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	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	9,971.9	9,648.8	9,429.3	9,169.8	9,488.1	9,263.0	9,380.9	8,852.6	9,425.7	8,665.9	7,831.2	8,756.1
A. LIABILITIES (300=210+330)	7,093.8	6,692.7	6,531.4	6,291.1	6,620.8	6,469.5	6,614.1	6,090.6	6,652.9	5,941.4	5,176.5	6,108.1
I. Short -term liabilities	6,800.6	6,406.0	6,238.2	5,988.8	6,311.5	6,146.5	6,307.7	5,773.6	6,326.0	5,610.9	4,835.1	5,759.3
1. Short-term trade accounts payable	1,818.2	468.0	1,034.1	693.8	786.1	756.7	1,213.2	208.6	541.7	584.7	820.3	770.1
2. Short-term advances from customers	169.8	7.4	5.8	3.0	8.3	6.7	8.5	26.7	8.6	9.0	102.6	122.4
3. Dividends and profits payable	0.2	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	161.0	300.1	179.0	259.1	254.6	265.9	243.5	247.6	148.0	166.2	113.7	157.1
4. Payable to employees	8.2	10.4	12.3	11.8	11.8	17.0	13.5	10.3	16.9	16.5	15.9	12.0
5. Short-term acrrued expenses	2.6	8.6	3.4	2.8	2.5	2.6	4.5	0.9	22.9	14.7	1.1	1.1
6. Short-term inter-company payables	—	—	—	—	—	0.0	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	0.0
8. Short-term unearned revenue	0.1	—	0.1	—	0.1	0.1	0.0	0.1	0.0	0.1	0.0	0.1
9. Other short-term payables	37.4	49.4	36.6	37.0	296.3	191.4	135.2	338.7	359.6	375.5	423.3	713.1
10. Short-term borrowings and financial leases	4,335.5	5,120.8	4,528.8	4,541.5	4,516.8	4,473.9	4,255.4	4,504.3	4,791.0	4,015.6	2,917.4	3,613.5
11. Provision for short-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	38.6	49.5	46.8	48.6	43.8	41.4	43.5	46.2	47.3	37.5	43.3	53.5
13. Price stabilization fund	229.0	391.6	391.4	391.2	391.1	390.7	390.5	390.3	390.1	391.1	397.4	316.5
14. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	293.2	286.8	293.2	302.2	309.3	323.1	306.4	317.0	326.9	330.5	341.4	348.8
1. Long-term trade payables	22.0	22.0	22.0	22.0	22.0	22.0	22.0	22.0	22.0	22.0	22.0	22.0
2. Long-term advances from customers	—	—	—	—	—	0.0	0.0	4.5	4.5	4.5	4.5	4.5
3. Long-term acrrued expenses	—	—	—	—	—	0.0	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	0.0
5. Long-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	229.7	219.4	222.4	225.4	228.5	234.5	237.6	240.6	243.7	246.7	249.7	252.8
7. Other long-term liabilities	20.4	20.5	20.2	22.3	22.6	22.4	22.3	22.3	26.1	23.4	28.0	29.1
8. Long-term borrowings and financial leases	21.0	24.9	28.6	32.5	36.2	44.1	24.5	27.6	30.6	33.9	37.1	40.4
9. Convertible bonds	—	—	—	—	—	0.0	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	0.00
11. Deferred income tax liabilities	—	—	—	—	—	0.0	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	0.0
13. Fund for technology development	—	—	—	—	—	0.0	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	0.0
B. OWNER'S EQUITY (400=410+430)	2,878.2	2,956.1	2,897.9	2,878.8	2,867.3	2,793.5	2,766.8	2,761.9	2,772.8	2,724.5	2,654.7	2,648.0
I. Owner's equity	2,878.2	2,956.1	2,897.9	2,878.8	2,867.3	2,793.5	2,766.8	2,761.9	2,772.8	2,724.5	2,654.7	2,648.0
1. Owner's capital	2,366.0	2,366.0	2,366.0	2,366.0	2,366.0	2,366.0	2,366.0	2,366.0	2,366.0	2,366.0	2,366.0	2,366.0
- Common stock with voting right VND per share	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00	2,366,000,000,000.00
- Preferred stock VND per share	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	—	—	—	—	—	0.0	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	0.0
4. Other capital of owners	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares VND per share	-243,800,000.00	-243,800,000.00	-243,800,000.00	-243,800,000.00	-243,800,000.00	-243,800,000.00	-243,800,000.00	-243,800,000.00	-243,800,000.00	-243,800,000.00	-243,800,000.00	-243,800,000.00
6. Assets revaluation differences	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2	-25.2
7. Foreign exchange differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	41.1	41.1	37.4	37.4	32.5	30.1	30.1	15.8	15.8	15.5	15.5	15.5
9. Fund to support corporate restructuring	—	—	—	—	—	0.0	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	0.0
11. Undistributed earnings after tax	124.6	206.5	144.2	129.5	127.2	189.1	165.1	178.2	192.5	138.2	71.2	67.2
- Accumulated retained earning at the end of the previous period	76.5	45.5	91.6	91.6	107.4	118.1	118.1	144.9	33.4	41.9	41.5	41.7
- Undistributed earnings in this period	48.1	161.1	52.7	37.9	19.8	71.0	47.0	33.3	159.1	96.3	29.7	25.6
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	371.9	367.9	375.7	371.3	367.0	233.7	231.0	227.5	224.0	230.3	227.5	224.7
14. Financial reserves	—	—	—	—	—	0.0	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	0.0
1. Subsidized not-for-profit funds	—	—	—	—	—	0.0	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	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	9,971.9	9,648.8	9,429.3	9,169.8	9,488.1	9,263.0	9,380.9	8,852.6	9,425.7	8,665.9	7,831.2	8,756.1

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Profit Before Tax	—	120.1	—	52.6	—	-59.0	59.0	0.0	162.3	-37.3	37.3	0.0
Depreciation of Fixed Assets and Investment Property	—	57.5	—	50.8	—	-48.9	48.9	0.0	91.0	-45.3	45.3	0.0
Provision (Increase)/Reversal	—	2.1	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	-0.8	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	—	-53.4	—	-25.5	—	11.2	-11.2	0.0	-38.5	17.5	-17.5	0.0
Interest Expense	—	133.0	—	109.1	—	-93.7	93.7	0.0	212.7	-95.2	95.2	0.0
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	0.0	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	0.0
Amortization of Goodwill	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	-0.5	0.5	0.0	104.5	-126.4	126.4	0.0
Operating Profit Before Changes in Working Capital	—	270.0	—	191.2	—	-190.8	190.8	0.0	532.0	-286.8	286.8	0.0
Increase/(Decrease) in Receivables	—	-352.7	—	73.3	—	330.8	-330.8	0.0	297.5	114.3	-114.3	0.0
Increase/(Decrease) in Inventory	—	86.1	—	-5.4	—	66.0	-66.0	0.0	-913.4	-70.5	70.5	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	—	-306.1	—	-487.1	—	-758.1	758.1	0.0	-2,549.1	1,905.2	-1,905.2	0.0
Increase/(Decrease) in Prepaid Expenses	—	66.1	—	43.6	—	16.6	-16.6	0.0	-308.3	11.7	-11.7	0.0
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	-126.7	—	-113.2	—	101.7	-101.7	0.0	-208.6	99.1	-99.1	0.0
Corporate Income Tax Paid	-12.0	-7.8	-2.6	-3.0	-4.6	-2.4	-15.2	-17.3	-6.3	-2.9	-27.6	-2.8
Other Operating Receipts	1,408.1	—	—	—	—	3,220.6	-889.3	889.3	-2,030.8	2,039.4	-247.6	247.6
Other Operating Payments	-1,270.0	4,156.5	-4,174.9	1,680.2	-1,687.6	-5,661.5	1,603.3	-1,619.1	4,646.9	-4,650.4	1,647.4	-1,661.1
Net Cash Flow from Operating Activities	392.6	-553.1	165.6	-238.2	-74.4	-263.6	443.7	-58.0	-267.3	-1,113.7	398.6	-2,215.7
Payments for Fixed Assets and Other Long-term Assets	-59.2	-31.1	-19.6	-98.5	-11.6	3.9	-26.0	-37.2	-189.1	-9.0	-91.0	-15.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	120.0	29.6	11.5	44.9	46.7	36.0	4.9	20.2	88.5	3.9	206.7	68.1
Loans and Purchases of Debt Instruments	—	3.5	—	-38.2	—	90.8	-90.8	0.0	-76.9	10.9	-10.9	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	4.0	—	3.3	—	-72.9	72.9	0.0	29.6	-3.6	3.6	0.0
Investments in Other Entities	—	—	—	—	—	0.0	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	0.0
Dividends and Interest Income Received	27.2	-10.5	42.0	-4.0	22.1	28.2	-15.4	19.9	-7.6	27.8	-6.0	17.7
Increase/(Decrease) in Term Deposits	—	—	—	—	—	0.0	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	0.0
Other Investing Receipts	—	—	—	—	—	0.0	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	0.0
Net Cash Flow from Investing Activities	84.9	24.8	4.7	-92.5	57.1	159.3	39.0	-90.6	-152.0	26.5	102.4	70.5
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	0.00	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	0.00
Proceeds from Borrowings	5,822.5	6,753.5	5,284.0	5,398.1	5,968.4	5,652.1	5,045.0	4,519.4	5,408.7	4,535.6	3,082.4	5,020.2
Repayment of Borrowings	-6,606.7	11.6	-5,300.6	4.1	-5,329.9	-5,422.0	-5,296.4	-4,807.7	-4,659.1	-3,444.6	-3,776.4	-2,720.2
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-17.7	-21.3	-14.8	9.1	-17.2	-14.4	8.0	-16.2	14.4	-14.4	6.6	-14.7
Other Financing Receipts	—	—	—	—	—	0.0	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	0.0
Net Cash Flow from Financing Activities	-801.9	489.3	50.2	30.0	621.3	215.8	-243.4	-304.5	763.9	1,076.6	-687.4	2,285.3
Net Cash Flow During the Period	-324.4	-39.0	220.4	-300.7	604.1	111.4	239.3	-453.1	344.6	-10.5	-186.3	140.0
Cash and Cash Equivalents at Beginning of Period	1,784.7	1,833.7	1,613.3	1,914.0	1,310.0	1,446.9	1,446.9	1,446.9	1,159.1	1,159.1	1,159.1	1,159.1
FX Difference from Revaluation	—	0.0	—	—	—	0.0	0.0	0.0	-0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	1,460.4	1,794.7	1,833.7	1,613.3	1,914.0	1,344.5	1,233.0	993.8	1,446.9	1,102.2	1,112.8	1,299.1

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