VGG · Tổng Công ty cổ phần May Việt Tiến

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

Item	2025	2024	2023	2022	2021
Revenue	10,510.9	9,756.4	8,606.8	8,468.4	6,010.6
Revenue Deductions	2.1	3.3	0.9	3.7	0.0
Net Revenue	10,508.8	9,753.1	8,606.0	8,464.7	6,009.0
Cost of Goods Sold	9,380.3	8,699.0	7,786.4	7,540.4	0.0
Gross Profit	1,128.5	1,054.1	819.6	924.3	522.9
Financial Income	131.5	115.9	122.3	125.4	67.1
Financial Expenses	77.0	84.7	72.4	117.2	-25.2
Interest Expense	0.9	3.8	0.6	0.0	-0.0
Share of Associates and Joint Ventures	119.9	74.4	29.5	22.7	13.0
Selling Expenses	488.2	458.5	444.4	442.4	-216.4
General and Administrative Expenses	288.1	275.3	237.7	297.0	-261.2
Operating Profit	526.7	426.0	216.9	215.8	100.1
Other Income	3.6	4.8	14.2	5.2	0.0
Other Expenses	0.3	0.4	0.3	2.4	0.0
Other Profit	3.3	4.4	14.0	2.9	3.1
Profit Before Tax	530.0	430.4	230.9	218.7	103.2
Current Income Tax Expense	84.4	66.7	39.7	41.4	-16.3
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	445.6	363.6	191.1	177.3	87.0
Non-controlling Interest	22.2	12.6	-0.1	3.2	3.3
Profit Attributable to Parent	423.4	351.0	191.2	174.1	83.6
Earnings per Share	8,074.00	6,613.00	3,486.00	3,096.00	160.00
Diluted EPS	9,600.79	7,958.59	4,335.79	3,947.14	1,896.28

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	4,597.4	4,077.1	3,724.5	4,404.6	3,225.4
I. Cash and cash equivalents	809.6	802.2	495.1	376.3	522.3
1. Cash	484.2	444.2	313.8	218.6	0.0
2. Cash equivalents	325.4	358.0	181.3	157.6	0.0
II. Short-term financial investments	120.0	9.6	27.0	275.2	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	120.0	9.6	27.0	275.2	0.0
III. Short-term receivables	1,916.4	1,582.6	1,836.3	1,761.5	1,299.7
1. Short-term trade accounts receivable	1,813.5	1,464.2	1,661.2	1,458.9	0.0
2. Short-term prepayments to suppliers	102.0	109.1	128.9	237.9	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	—	8.0	41.2	54.0	0.0
6. Other short-term receivables	7.6	5.0	6.9	11.2	0.0
7. Provision for short-term doubtful debts (*)	-6.7	-3.7	-2.0	-0.5	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	1,442.1	1,494.6	1,153.5	1,702.9	744.9
1. Inventories	1,447.1	1,513.8	1,169.2	1,705.6	0.0
2. Provision for decline in value of inventories	-5.0	-19.2	-15.7	-2.7	0.0
V. Other short-term assets	309.3	188.2	212.7	288.8	213.9
1. Short-term prepayments	2.4	1.4	1.3	1.2	0.0
2. Value added tax to be reclaimed	306.1	186.1	210.5	227.8	0.0
3. Taxes and other receivables from state authorities	0.7	0.6	0.9	59.8	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)	1,279.7	1,214.9	1,236.1	1,286.4	1,261.0
I. Long-term receivables	80.3	72.8	75.0	50.9	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	48.3
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	80.3	72.8	75.0	50.9	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	572.6	597.4	666.5	743.9	618.9
1. Tangible fixed assets	572.2	596.7	666.4	743.3	617.6
- Cost	2,059.1	2,033.4	2,048.1	2,071.1	0.0
- Accumulated depreciation	-1,487.0	-1,436.7	-1,381.7	-1,327.8	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	0.5	0.7	0.1	0.6	1.3
- Cost	14.3	14.3	13.7	14.6	0.0
- Accumulated depreciation	-13.8	-13.6	-13.5	-14.0	0.0
III. Investment properties	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	3.2	8.2	0.3	0.3	63.3
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	3.2	8.2	0.3	0.3	0.0
V. Long-term financial investments	591.4	504.5	457.5	447.4	484.3
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	556.8	469.8	416.1	406.6	0.0
3. Investments in other entities	34.6	49.7	49.7	49.2	0.0
4. Provision for diminution in value of long-term investments	—	-15.1	-8.4	-8.4	0.0
5. Held to maturity investments	—	0.1	0.1	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	32.2	32.1	36.8	44.0	0.0
1. Long-term prepayments	32.2	32.1	36.8	44.0	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	46.2
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)	5,877.1	5,292.1	4,960.6	5,691.1	4,486.5
A. LIABILITIES (300=210+330)	3,430.3	3,112.6	2,957.5	3,730.9	2,599.8
I. Short -term liabilities	3,396.4	3,062.4	2,920.1	3,687.5	2,571.0
1. Short-term trade accounts payable	2,090.7	1,860.1	1,739.6	2,480.8	1,369.8
2. Short-term advances from customers	217.8	202.9	190.1	176.8	142.2
3. Taxes and other payables to state authorities	33.7	24.8	19.0	20.1	0.0
4. Payable to employees	499.1	427.7	375.6	402.7	0.0
5. Short-term acrrued expenses	18.5	13.0	38.8	38.8	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	1.0	1.1	1.2	3.1	6.6
9. Other short-term payables	29.1	55.6	62.1	82.4	0.0
10. Short-term borrowings and financial leases	6.6	6.4	6.1	13.4	70.2
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	499.9	470.8	487.6	469.5	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	33.8	50.2	37.4	43.3	28.8
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	1.8
7. Other long-term liabilities	7.6	7.5	2.7	2.7	0.0
8. Long-term borrowings and financial leases	—	6.4	12.2	17.8	0.0
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	26.3	36.4	22.5	22.9	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)	2,446.9	2,179.5	2,003.1	1,960.2	1,886.6
I. Owner's equity	2,446.9	2,179.5	2,003.1	1,960.2	0.0
1. Owner's capital	441.0	441.0	441.0	441.0	1,886.6
- Common stock with voting right	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	24.5	24.5	24.5	24.5	24.5
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	1.7	1.7	1.7	1.7	1.7
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	836.7	793.7	764.4	737.7	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	1,005.3	798.8	662.2	645.3	592.7
- Accumulated retained earning at the end of the previous period	645.5	525.6	509.1	511.5	534.2
- Undistributed earnings in this period	359.7	273.2	153.1	133.9	58.5
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	137.8	119.8	109.4	109.9	107.4
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)	5,877.1	5,292.1	4,960.6	5,691.1	4,486.5

Item	2025	2024	2023	2022	2021
Profit Before Tax	530.0	430.4	230.9	218.7	0.0
Depreciation of Fixed Assets and Investment Property	82.9	92.7	115.0	112.6	0.0
Provision (Increase)/Reversal	-21.3	0.9	14.1	-5.3	0.0
FX Gain/Loss from Revaluation of Monetary Items	3.8	-4.1	0.0	-58.1	0.0
Gain/Loss from Investment Activities	-137.4	-92.5	-56.5	-50.0	0.0
Interest Expense	0.9	3.8	0.6	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	459.0	431.1	304.1	218.0	0.0
Increase/(Decrease) in Receivables	-471.8	245.3	-27.2	-524.9	0.0
Increase/(Decrease) in Inventory	66.7	-344.6	536.4	-958.8	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	308.5	173.2	-771.7	1,173.9	0.0
Increase/(Decrease) in Prepaid Expenses	-1.2	4.6	7.1	1.8	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-0.9	-3.8	-0.6	0.0	0.0
Corporate Income Tax Paid	-78.8	-60.6	-43.2	-33.7	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-39.1	-26.5	-16.5	-41.1	0.0
Net Cash Flow from Operating Activities	242.4	418.7	-11.6	-164.8	114.9
Payments for Fixed Assets and Other Long-term Assets	-62.3	-22.1	-45.4	-127.1	-150.9
Proceeds from Disposal of Fixed Assets and Long-term Assets	1.5	3.4	5.8	4.0	0.7
Loans and Purchases of Debt Instruments	-282.3	-329.7	-24.4	-159.0	-318.0
Receipts from Loan Repayments and Sale of Debt Instruments	178.4	380.8	283.5	326.4	338.9
Investments in Other Entities	—	0.0	-1.3	-2.8	-12.7
Proceeds from Investments in Other Entities	—	0.0	2.6	0.0	0.0
Dividends and Interest Income Received	48.0	35.7	33.2	73.6	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	-116.8	68.1	254.1	115.0	-87.4
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	53.1	245.8	108.6	71.6	70.2
Repayment of Borrowings	-59.3	-251.9	-122.0	-110.7	-10.0
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-110.2	-176.4	-110.2	-52.9	-176.0
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	-116.4	-182.5	-123.6	-92.0	-115.8
Net Cash Flow During the Period	9.2	304.3	118.9	-141.8	37.4
Cash and Cash Equivalents at Beginning of Period	802.2	495.1	376.3	522.3	609.9
FX Difference from Revaluation	-1.8	2.9	-0.1	-4.2	0.6
Cash and Cash Equivalents at End of Period	809.6	802.2	495.1	376.3	522.3

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	2,973.0	2,057.2	2,612.4	2,722.8	2,918.8	2,256.9	2,130.5	2,692.9	3,100.5	1,831.2	2,217.4	2,264.2
Revenue Deductions	0.3	0.5	0.3	0.6	0.5	0.6	0.9	1.0	0.7	0.7	0.0	0.1
Net Revenue	2,972.7	2,056.7	2,612.1	2,722.3	2,918.3	2,256.2	2,129.5	2,691.9	3,099.8	1,830.5	2,217.4	2,264.1
Cost of Goods Sold	2,664.9	1,817.7	2,295.0	2,454.0	2,619.4	2,011.9	1,854.0	2,394.7	2,810.3	1,666.7	2,002.6	2,054.7
Gross Profit	307.7	239.0	317.1	268.3	298.8	244.3	275.6	297.2	289.5	163.8	214.8	209.5
Financial Income	16.3	27.3	25.2	38.2	44.4	24.1	31.1	9.3	48.4	29.5	49.1	13.2
Financial Expenses	3.6	8.1	13.5	17.1	29.1	17.2	7.1	12.5	39.8	26.5	35.5	0.0
Interest Expense	—	—	0.5	0.5	—	—	0.3	2.0	1.5	0.0	0.0	0.0
Share of Associates and Joint Ventures	24.0	24.1	43.9	29.9	16.1	25.6	26.6	19.9	16.9	0.0	17.3	7.9
Selling Expenses	108.8	107.3	147.8	109.8	128.4	102.5	130.5	105.9	124.0	95.4	131.0	111.6
General and Administrative Expenses	68.8	63.2	88.5	61.3	74.6	63.2	92.4	64.7	66.7	38.7	53.7	63.0
Operating Profit	166.7	111.7	136.4	148.2	127.2	111.1	103.4	143.4	124.3	32.7	60.9	55.9
Other Income	0.6	0.1	1.5	0.3	0.5	1.3	11.9	1.0	0.1	2.4	0.8	7.4
Other Expenses	0.0	—	0.2	0.0	—	0.1	0.5	0.0	0.0	0.0	0.1	0.2
Other Profit	0.6	0.1	1.3	0.3	0.5	1.2	11.4	1.0	0.1	2.4	0.7	7.2
Profit Before Tax	167.3	111.8	137.7	148.5	127.7	112.3	114.8	144.4	124.4	35.1	61.6	63.1
Current Income Tax Expense	28.2	17.6	21.1	24.0	22.2	17.1	13.8	23.8	21.6	6.5	5.7	12.4
Deferred Income Tax Expense	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	139.2	94.2	116.6	124.5	105.5	95.1	101.0	120.6	102.8	28.6	56.0	50.8
Non-controlling Interest	5.6	4.4	8.2	5.5	5.4	3.1	6.5	3.3	2.4	0.0	1.9	-1.1
Profit Attributable to Parent	133.5	89.9	108.5	119.0	100.1	92.0	94.5	117.3	100.4	28.6	54.1	51.9
Earnings per Share	2,535.00	1,740.00	2,030.00	2,295.00	1,868.00	1,789.00	1,755.00	2,228.00	1,893.00	648.80	999.00	946.00
Diluted EPS	3,028.16	2,037.57	2,459.36	2,697.73	2,269.52	2,086.13	2,141.82	2,659.93	2,276.64	648.80	1,226.41	1,176.94

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)	4,994.0	4,765.0	4,597.4	4,566.7	4,597.1	4,243.3	4,076.8	4,068.0	4,512.2	4,251.6	3,723.7	4,022.5
I. Cash and cash equivalents	304.9	752.4	809.6	661.6	477.5	779.7	691.2	637.0	123.0	445.3	495.1	704.4
1. Cash	118.7	298.9	484.2	231.8	256.8	487.5	444.2	404.3	110.0	258.4	313.8	567.2
2. Cash equivalents	186.1	453.5	325.4	429.8	220.7	292.1	247.0	232.7	13.1	186.9	181.3	137.2
II. Short-term financial investments	389.0	374.0	120.0	282.4	257.4	214.7	120.6	105.2	323.7	213.4	27.0	9.5
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	389.0	374.0	120.0	282.4	257.4	214.7	120.6	105.2	323.7	213.4	27.0	9.5
III. Short-term receivables	1,715.3	1,277.7	1,916.4	1,771.8	1,627.1	1,314.2	1,582.3	1,820.2	1,948.2	1,474.7	1,835.1	1,625.3
1. Short-term trade accounts receivable	1,608.7	1,187.4	1,813.5	1,646.7	1,512.7	1,219.0	1,464.2	1,658.0	1,767.4	1,246.7	1,661.2	1,412.1
2. Short-term prepayments to suppliers	101.5	93.0	102.0	123.7	107.9	87.7	109.1	130.5	142.1	179.6	128.9	162.0
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	—	—	—	0.6	2.0	7.0	8.0	28.1	32.4	46.5	41.2	41.5
6. Other short-term receivables	11.5	3.9	7.6	4.4	8.1	4.1	4.7	5.5	8.3	3.9	5.8	10.1
7. Provision for short-term doubtful debts (*)	-6.5	-6.7	-6.7	-3.6	-3.6	-3.7	-3.7	-2.0	-2.0	-2.0	-2.0	-0.5
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	2,256.3	2,136.8	1,442.1	1,544.4	1,932.7	1,732.6	1,494.6	1,306.2	1,857.9	1,895.7	1,153.6	1,423.2
1. Inventories	2,261.3	2,141.8	1,447.1	1,551.4	1,939.6	1,751.9	1,513.8	1,330.7	1,882.4	1,911.4	1,169.2	1,430.7
2. Provision for decline in value of inventories	-5.0	-5.0	-5.0	-6.9	-6.9	-19.2	-19.2	-24.5	-24.5	-15.7	-15.7	-7.6
V. Other short-term assets	328.6	224.2	309.3	306.5	302.5	202.2	188.2	199.3	259.3	222.5	213.0	260.1
1. Short-term prepayments	2.7	2.4	2.4	3.2	2.9	2.6	1.4	2.4	2.3	0.9	1.3	2.1
2. Value added tax to be reclaimed	325.8	220.9	306.1	303.3	299.6	199.6	186.1	196.8	256.9	221.6	210.5	230.5
3. Taxes and other receivables from state authorities	0.1	0.9	0.7	0.0	0.0	0.0	0.6	0.2	0.2	0.0	1.3	27.5
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)	1,313.5	1,302.4	1,275.3	1,257.7	1,233.2	1,229.8	1,213.5	1,215.6	1,215.8	780.2	1,234.2	1,253.9
I. Long-term receivables	81.2	81.2	80.3	78.8	72.4	72.7	72.8	73.0	73.3	85.4	75.0	74.4
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	10.4	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	81.2	81.2	80.3	78.8	72.4	72.7	72.8	73.0	73.3	75.0	75.0	74.4
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	563.3	573.6	572.6	560.1	576.5	587.6	597.4	608.6	626.9	447.6	666.5	686.4
1. Tangible fixed assets	562.9	573.2	572.2	559.6	576.0	587.0	596.7	608.2	626.5	447.6	666.4	686.2
- Cost	2,081.5	2,074.1	—	—	—	—	2,033.4	2,041.0	2,042.9	1,466.6	2,048.1	2,052.3
- Accumulated depreciation	-1,518.6	-1,500.9	—	—	—	—	-1,436.7	-1,432.8	-1,416.4	-1,019.0	-1,381.7	-1,366.1
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	0.4	0.4	0.5	0.4	0.5	0.6	0.7	0.3	0.4	0.0	0.1	0.2
- Cost	14.3	14.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-13.9	-13.9	—	—	—	—	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	0.1	—	3.2	12.9	7.4	8.2	8.2	0.7	0.6	0.0	0.3	0.3
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	0.1	—	3.2	12.9	7.4	8.2	8.2	0.7	0.6	0.0	0.3	0.3
V. Long-term financial investments	637.2	615.7	587.0	575.5	546.1	530.0	503.0	499.8	480.6	217.1	455.7	454.6
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	50.5	0.0	0.0
2. Investments in associates, joint-ventures	604.6	581.0	552.4	540.9	511.5	495.4	468.3	458.4	439.2	153.6	414.3	414.5
3. Investments in other entities	34.6	34.6	34.6	34.6	34.6	49.7	49.7	49.7	49.7	49.7	49.7	48.4
4. Provision for diminution in value of long-term investments	-2.1	—	—	—	—	-15.1	-15.1	-8.4	-8.4	-36.7	-8.4	-8.4
5. Held to maturity investments	0.1	0.1	—	—	—	—	0.1	0.1	0.1	0.1	0.1	0.1
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	31.7	31.9	32.3	30.5	30.8	31.4	32.1	33.5	34.4	30.1	36.8	38.3
1. Long-term prepayments	31.7	31.9	32.3	30.5	30.8	31.4	32.1	33.5	34.4	30.1	36.8	38.3
2. Deferred income tax assets	—	—	—	—	—	—	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
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)	6,307.6	6,067.4	5,872.7	5,824.3	5,830.3	5,473.2	5,290.3	5,283.5	5,728.0	5,031.8	4,957.9	5,276.4
A. LIABILITIES (300=210+330)	3,769.0	3,526.3	3,430.4	3,436.0	3,566.1	3,198.6	3,112.1	3,129.3	3,753.4	3,651.1	2,962.5	3,326.8
I. Short -term liabilities	3,735.0	3,493.1	3,401.2	3,385.6	3,515.6	3,148.3	3,076.0	3,091.2	3,715.5	3,613.5	2,925.1	3,283.1
1. Short-term trade accounts payable	2,457.2	2,385.9	2,090.7	2,045.5	2,206.5	2,085.2	1,860.1	1,774.9	2,245.9	2,636.6	1,738.6	2,062.0
2. Short-term advances from customers	226.8	218.3	217.8	224.7	228.0	198.3	202.9	205.9	212.8	193.6	190.1	196.3
3. Dividends and profits payable	41.2	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	39.6	23.9	33.7	75.4	67.6	22.9	24.8	67.4	32.4	11.5	17.8	64.5
4. Payable to employees	393.7	329.1	503.6	430.4	389.9	314.5	427.8	424.4	350.7	189.9	376.2	347.2
5. Short-term acrrued expenses	21.1	24.1	18.5	12.9	13.0	11.8	26.9	34.4	41.3	6.5	46.9	47.4
6. Short-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	1.0	1.0	1.0	1.0	1.0	1.0	1.1	1.2	1.2	1.3	1.2	1.2
9. Other short-term payables	24.2	25.9	29.1	48.6	51.4	51.7	55.3	71.8	58.8	52.1	61.8	72.6
10. Short-term borrowings and financial leases	6.6	6.6	6.6	59.5	59.2	6.4	6.4	44.6	241.9	131.1	6.1	12.0
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	523.6	478.3	500.2	487.6	499.2	456.4	470.8	466.6	530.5	391.0	486.4	479.9
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	34.0	33.2	29.2	50.5	50.4	50.3	36.1	38.1	37.9	37.7	37.4	43.7
1. Long-term trade payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	9.9	7.8	7.6	7.5	7.5	7.5	7.4	3.2	2.7	2.7	2.7	2.7
8. Long-term borrowings and financial leases	—	—	—	6.6	6.6	6.4	6.4	12.4	12.7	12.5	12.2	18.3
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	24.1	25.4	21.7	36.4	36.4	36.4	22.3	22.5	22.5	22.5	22.5	22.7
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)	2,538.6	2,541.1	2,442.3	2,388.3	2,264.3	2,274.6	2,178.2	2,154.2	1,974.6	1,380.7	1,995.5	1,949.6
I. Owner's equity	2,538.6	2,541.1	2,442.3	2,388.3	2,264.3	2,274.6	2,178.2	2,154.2	1,974.6	1,380.7	1,995.5	1,949.6
1. Owner's capital	441.0	441.0	441.0	441.0	441.0	441.0	441.0	441.0	441.0	441.0	441.0	441.0
- Common stock with voting right	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00	441,000,000,000.00
- Preferred stock	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	1.7	1.7	1.7	1.7	1.7	1.7	1.7	1.7	1.7	1.7	1.7	1.7
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	876.8	836.7	836.9	830.9	830.9	793.7	793.7	790.7	790.7	703.2	764.4	763.8
9. Fund to support corporate restructuring	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	1,046.8	1,095.1	1,000.5	956.3	837.8	890.8	797.5	780.8	605.1	210.3	654.6	611.1
- Accumulated retained earning at the end of the previous period	823.4	1,005.3	645.5	645.8	645.8	798.8	525.6	525.6	490.4	181.7	509.1	509.1
- Undistributed earnings in this period	223.4	89.9	355.0	310.6	192.1	92.0	271.9	255.2	114.6	28.6	145.5	102.1
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	147.8	142.1	137.8	133.9	128.3	123.0	119.9	115.6	111.6	0.0	109.3	107.5
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)	6,307.6	6,067.4	5,872.7	5,824.3	5,830.3	5,473.2	5,290.3	5,283.5	5,728.0	5,031.8	4,957.9	5,276.4

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	—	—	290.6	—	239.5	—	0.0	-169.9	169.9	0.0	230.9	-95.5
Depreciation of Fixed Assets and Investment Property	—	—	40.7	—	42.1	—	0.0	-48.7	48.7	0.0	115.0	-62.4
Provision (Increase)/Reversal	—	—	-8.9	—	-12.4	—	0.0	-8.8	8.8	0.0	14.1	-4.6
FX Gain/Loss from Revaluation of Monetary Items	—	—	3.6	—	0.3	—	0.0	6.5	-6.5	0.0	0.0	-0.6
Gain/Loss from Investment Activities	—	—	-89.2	—	-48.2	—	0.0	36.1	-36.1	0.0	-56.5	13.5
Interest Expense	—	—	0.9	—	—	—	0.0	-1.5	1.5	0.0	0.6	-0.6
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	—	—	237.8	—	221.3	—	0.0	-186.3	186.3	0.0	304.1	-150.3
Increase/(Decrease) in Receivables	—	—	-311.6	—	-160.2	—	0.0	162.9	-162.9	0.0	-27.2	-116.1
Increase/(Decrease) in Inventory	—	—	492.5	—	-425.8	—	0.0	713.1	-713.1	0.0	536.4	-51.8
Increase/(Decrease) in Payables (Excl. Interest and CIT)	—	—	-35.3	—	343.8	—	0.0	-503.3	503.3	0.0	-771.7	555.3
Increase/(Decrease) in Prepaid Expenses	—	—	-1.0	—	-0.2	—	0.0	-1.5	1.5	0.0	7.1	-2.7
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	—	-0.9	—	—	—	0.0	1.5	-1.5	0.0	-0.6	0.6
Corporate Income Tax Paid	-17.2	-24.4	-44.3	-16.9	0.0	-17.6	-40.9	-0.8	-10.7	-8.2	-22.7	-5.0
Other Operating Receipts	27.1	222.0	—	—	—	—	208.4	368.1	-104.3	104.3	-484.9	484.9
Other Operating Payments	-122.2	-151.7	292.0	-300.4	87.0	-117.7	-148.5	-340.3	60.5	-70.5	339.0	-343.8
Net Cash Flow from Operating Activities	-377.6	200.8	87.8	224.1	-257.2	187.8	139.0	486.9	-312.2	96.7	-195.2	445.8
Payments for Fixed Assets and Other Long-term Assets	-7.4	-10.5	-33.8	-14.6	-2.9	-11.0	-12.5	-0.8	-5.9	0.0	-5.3	0.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.1	—	0.5	0.2	0.7	0.1	0.6	0.1	2.6	0.0	0.0	4.0
Loans and Purchases of Debt Instruments	—	—	-32.2	—	-250.1	—	0.0	309.4	-309.4	0.0	-24.4	7.9
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	162.6	—	15.8	—	0.0	-21.4	21.4	0.0	283.5	-279.9
Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	-1.3	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	2.6	0.0
Dividends and Interest Income Received	2.1	3.6	38.6	5.9	1.7	1.7	22.4	5.3	4.0	4.4	22.2	1.4
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	-20.2	-261.0	166.4	-39.4	-31.5	-212.4	22.2	227.4	-70.0	-212.9	2.0	8.7
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	—	—	-0.2	0.4	53.0	—	0.0	10.3	110.7	124.8	0.0	0.0
Repayment of Borrowings	—	—	-59.3	—	—	—	-44.6	-207.4	0.0	0.0	-11.9	-20.8
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-47.0	—	-44.1	0.0	-66.2	—	-66.2	0.0	-110.2	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	-47.0	—	-103.6	0.4	-13.2	—	-110.7	-197.1	0.5	124.8	-11.9	-20.8
Net Cash Flow During the Period	-444.9	-60.2	150.6	185.1	-301.9	-24.6	50.5	517.2	-381.7	8.7	-205.0	433.7
Cash and Cash Equivalents at Beginning of Period	752.4	809.6	661.6	477.5	779.7	802.2	495.1	495.1	495.1	434.8	376.3	376.3
FX Difference from Revaluation	-2.6	3.0	-1.8	0.8	1.7	2.0	3.7	-3.2	-0.8	1.8	-4.3	3.3
Cash and Cash Equivalents at End of Period	304.9	752.4	809.6	661.6	477.5	779.7	691.2	637.0	123.0	445.3	495.1	704.4

Giải mã BCTC

Điểm nhấn trong BCTC của Tổng Công ty cổ phần May Việt Tiến (VGG) mà bạn nên biết

Q2/2026 On a TTM 2026Q2 basis, VGG is showing some signs of improvement versus the same period, but the current picture is not yet broad enough to confirm a stronger trend — profit is at an all-time high.

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

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