The financial statements of VGT

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	18,392.0	17,355.7	16,490.7	18,297.2	16,123.7
Revenue Deductions	19.1	29.9	24.8	24.7	0.0
Net Revenue	18,372.9	17,325.8	16,465.9	18,272.5	16,093.7
Cost of Goods Sold	16,009.3	15,450.9	15,237.8	16,290.6	0.0
Gross Profit	2,363.6	1,875.0	1,228.1	1,982.0	2,224.6
Financial Income	362.0	396.3	371.8	554.9	306.7
Financial Expenses	422.5	600.6	535.3	616.7	-277.6
Interest Expense	317.8	339.6	347.7	305.9	-234.2
Share of Associates and Joint Ventures	677.8	564.2	564.0	716.7	570.0
Selling Expenses	503.1	497.5	444.6	567.3	-511.3
General and Administrative Expenses	1,028.2	933.5	801.6	854.9	-845.1
Operating Profit	1,449.5	803.9	382.5	1,214.6	1,467.4
Other Income	72.9	82.2	211.2	44.6	0.0
Other Expenses	42.6	51.0	55.2	46.8	0.0
Other Profit	30.3	31.2	156.0	-2.2	-21.8
Profit Before Tax	1,479.8	835.1	538.5	1,212.4	1,445.6
Current Income Tax Expense	141.4	121.0	100.4	140.3	-133.1
Deferred Income Tax Expense	14.5	58.7	42.3	-10.9	0.0
Net Income	1,323.9	655.4	395.9	1,083.1	1,312.5
Non-controlling Interest	472.3	331.1	230.4	495.7	456.0
Profit Attributable to Parent	851.7	324.4	165.5	587.3	856.6
Earnings per Share VND per share	1,666.00	609.00	289.00	1,133.00	1,713.11
Diluted EPS VND per share	1,503.00	549.00	261.00	1,022.00	1,713.11

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	10,762.5	9,551.6	9,011.9	9,555.8	9,374.2
I. Cash and cash equivalents	980.8	1,004.6	668.7	615.9	639.6
1. Cash	384.8	334.1	288.5	420.5	0.0
2. Cash equivalents	596.0	670.5	380.2	195.3	0.0
II. Short-term financial investments	3,190.2	2,470.4	2,186.4	2,214.7	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	3,190.2	2,470.4	2,186.4	2,214.7	0.0
III. Short-term receivables	2,797.3	2,605.6	2,777.1	2,331.1	3,101.8
1. Short-term trade accounts receivable	2,556.7	2,275.3	2,419.8	2,021.9	0.0
2. Short-term prepayments to suppliers	171.7	210.1	159.9	111.6	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	2.3	4.5	28.7	23.8	0.0
6. Other short-term receivables	405.8	438.7	502.2	497.8	0.0
7. Provision for short-term doubtful debts (*)	-339.3	-323.9	-335.3	-325.4	0.0
8. Assets awaiting resolution	0.0	0.9	1.7	1.5	0.0
IV. Inventories	3,447.1	3,217.9	3,116.5	4,137.9	3,158.7
1. Inventories	3,540.5	3,290.3	3,219.0	4,471.9	0.0
2. Provision for decline in value of inventories	-93.4	-72.4	-102.5	-334.0	0.0
V. Other short-term assets	347.1	253.1	263.3	256.3	222.7
1. Short-term prepayments	37.2	33.5	30.0	28.0	0.0
2. Value added tax to be reclaimed	293.6	206.7	217.9	218.8	0.0
3. Taxes and other receivables from state authorities	16.4	11.7	15.1	9.5	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	—	1.2	0.4	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	9,792.4	9,714.3	10,064.4	10,477.9	10,788.0
I. Long-term receivables	34.2	48.3	47.4	98.0	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	155.1
2. Long-term prepayments to suppliers	—	0.0	0.0	14.9	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	—	2.3	4.7	34.0	0.0
6. Other long-term receivables	140.3	152.1	148.8	155.1	0.0
7. Provision for long-term doubtful debts	-106.1	-106.1	-106.1	-106.1	0.0
II. Fixed assets	5,016.1	5,553.9	5,871.9	6,254.6	6,371.6
1. Tangible fixed assets	4,850.4	5,306.7	5,631.4	5,980.2	6,096.2
- Cost	14,270.7	14,183.1	14,066.0	14,047.1	0.0
- Accumulated depreciation	-9,420.2	-8,876.4	-8,434.7	-8,067.0	0.0
2. Financial leased fixed assets	128.4	154.7	146.6	178.8	178.2
- Cost	158.9	176.1	168.7	259.9	0.0
- Accumulated depreciation	-30.6	-21.4	-22.1	-81.1	0.0
3. Intangible fixed assets	37.4	92.5	93.9	95.6	97.2
- Cost	72.5	151.3	146.7	155.6	0.0
- Accumulated depreciation	-35.2	-58.7	-52.8	-60.0	0.0
III. Investment properties	481.9	264.9	275.6	382.7	385.9
- Cost	605.4	366.6	369.2	500.1	0.0
- Accumulated depreciation	-123.5	-101.7	-93.6	-117.3	0.0
IV. Long-term assets in progress	579.2	401.0	448.8	466.0	845.3
1. Long-term production in progress	—	0.0	0.0	65.3	0.0
2. Construction in progress	579.2	401.0	448.8	400.6	0.0
V. Long-term financial investments	3,337.2	3,138.8	3,098.8	2,933.0	2,698.5
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	3,066.6	2,991.6	2,904.4	2,787.1	0.0
3. Investments in other entities	181.1	183.5	182.6	179.6	0.0
4. Provision for diminution in value of long-term investments	-153.1	-184.9	-147.9	-38.2	0.0
5. Held to maturity investments	242.6	148.6	159.7	4.4	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	343.7	307.3	321.7	343.7	0.0
1. Long-term prepayments	330.9	291.5	307.1	321.5	0.0
2. Deferred income tax assets	12.3	15.3	14.1	21.7	0.0
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0	0.0
4. Other long-term assets	0.6	0.6	0.6	0.6	331.5
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)	20,554.9	19,265.9	19,076.3	20,033.7	20,162.3
A. LIABILITIES (300=210+330)	10,549.2	9,989.5	9,934.4	10,603.7	10,816.6
I. Short -term liabilities	8,042.8	7,066.9	6,894.0	7,078.5	6,721.1
1. Short-term trade accounts payable	1,036.5	1,258.6	1,183.0	1,205.0	1,610.4
2. Short-term advances from customers	67.7	92.8	75.5	85.9	91.7
3. Taxes and other payables to state authorities	78.7	70.5	216.3	151.6	0.0
4. Payable to employees	965.7	705.3	624.4	769.7	0.0
5. Short-term acrrued expenses	66.5	50.8	68.5	109.3	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	29.4	22.6	18.6	18.4	14.4
9. Other short-term payables	615.9	562.6	529.4	198.6	0.0
10. Short-term borrowings and financial leases	4,901.7	4,040.0	3,901.1	4,232.7	3,528.9
11. Provision for short-term liabilities	62.5	62.5	62.5	103.9	0.0
12.. Bonus and welfare fund	218.3	201.1	214.8	203.4	0.0
13. Price stabilization fund	—	0.0	0.0	0.0	0.0
14. Government bonds	—	0.0	0.0	0.0	0.0
II. Long-term liabilities	2,506.4	2,922.6	3,040.4	3,525.2	4,095.5
1. Long-term trade payables	—	0.0	0.0	0.0	190.0
2. Long-term advances from customers	—	0.0	2.0	4.9	12.3
3. Long-term acrrued expenses	8.8	9.3	9.8	10.2	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	322.7	298.3	308.1	314.8	336.9
7. Other long-term liabilities	84.2	76.7	70.2	71.2	0.0
8. Long-term borrowings and financial leases	1,877.2	2,372.2	2,544.1	3,026.0	3,365.7
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	177.5	166.1	106.2	73.4	0.0
12. Provision for long-term liabilities	—	0.0	0.0	24.7	0.0
13. Fund for technology development	36.0	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)	10,005.7	9,276.3	9,141.9	9,430.1	9,345.7
I. Owner's equity	9,987.0	9,257.0	9,121.7	9,407.8	0.0
1. Owner's capital	5,000.0	5,000.0	5,000.0	5,000.0	9,321.4
- Common stock with voting right VND per share	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	30.4	30.4	30.4	30.4	30.4
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	134.4	216.8	214.7	141.7	43.5
5. Treasury shares VND per share	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	-747.8	-747.8	-747.8	-747.8	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	989.0	825.0	777.4	729.6	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	1,427.0	930.9	874.9	1,220.7	1,471.1
- Accumulated retained earning at the end of the previous period	575.3	606.5	709.4	633.3	614.5
- Undistributed earnings in this period	851.7	324.4	165.5	587.3	856.6
12. Reserves for investment in construction	543.1	543.1	543.1	543.1	0.0
13. Minority's interest	2,611.0	2,458.7	2,429.1	2,490.3	543.1
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	18.7	19.3	20.2	22.2	24.3
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	18.7	19.3	20.2	22.2	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	20,554.9	19,265.9	19,076.3	20,033.7	20,162.3

Item	2025	2024	2023	2022	2021
Profit Before Tax	1,479.8	835.1	538.5	1,212.4	1,445.6
Depreciation of Fixed Assets and Investment Property	799.5	786.7	758.1	833.3	757.5
Provision (Increase)/Reversal	4.4	-4.4	-221.8	283.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	56.0	63.3	58.8	23.7	0.0
Gain/Loss from Investment Activities	-870.0	-729.2	-846.7	-979.6	0.0
Interest Expense	317.8	339.6	347.7	305.9	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	36.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	1,823.6	1,291.1	634.7	1,678.7	2,034.8
Increase/(Decrease) in Receivables	-257.2	76.6	-138.0	552.6	0.0
Increase/(Decrease) in Inventory	-76.8	-84.8	1,176.4	-1,085.6	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-49.5	35.3	53.2	-1,042.4	0.0
Increase/(Decrease) in Prepaid Expenses	-16.7	0.3	12.8	-7.4	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-318.8	-371.1	-383.9	-302.8	0.0
Corporate Income Tax Paid	-137.1	-130.4	-100.0	-145.3	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-104.8	-86.4	-66.0	-79.2	0.0
Net Cash Flow from Operating Activities	862.5	730.6	1,189.2	-431.6	1,157.5
Payments for Fixed Assets and Other Long-term Assets	-839.6	-467.5	-513.4	-434.0	-991.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	14.6	14.0	225.1	16.9	46.1
Loans and Purchases of Debt Instruments	-2,680.1	-1,566.0	-2,268.6	-2,371.7	-1,997.6
Receipts from Loan Repayments and Sale of Debt Instruments	1,872.2	1,319.4	2,166.0	2,609.8	1,533.0
Investments in Other Entities	-10.0	-17.0	-14.4	0.0	0.0
Proceeds from Investments in Other Entities	14.0	19.8	22.7	113.4	0.0
Dividends and Interest Income Received	620.4	711.3	748.0	771.2	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	-1,008.6	13.9	365.4	705.6	-905.1
Proceeds from Equity Issuance and Capital Contributions VND per share	1,500,000,000.00	360,000,000.00	3,969,720,000.00	0.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	14,560.3	11,591.3	12,108.7	14,602.2	14,022.9
Repayment of Borrowings	-14,291.1	-11,641.2	-13,090.9	-14,300.1	-13,906.4
Repayment of Finance Leases	—	0.0	-528.6	0.0	0.0
Dividends Paid	-154.2	-362.3	0.0	-595.4	-200.7
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	116.5	-411.9	-1,506.8	-293.3	-84.2
Net Cash Flow During the Period	-29.5	332.5	47.8	-19.2	-129.5
Cash and Cash Equivalents at Beginning of Period	1,004.6	668.7	615.9	637.0	469.8
FX Difference from Revaluation	5.7	3.4	5.0	-1.9	1.7
Cash and Cash Equivalents at End of Period	980.8	1,004.6	668.7	615.9	639.6

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	5,013.9	4,489.6	4,651.3	5,060.1	4,455.8	4,271.9	4,831.9	4,591.1	4,136.2	3,961.9	4,304.8	4,093.7
Revenue Deductions	6.0	3.5	3.7	5.0	5.5	4.3	12.6	2.8	9.2	5.3	4.7	5.0
Net Revenue	5,007.9	4,486.1	4,647.6	5,055.1	4,450.3	4,267.6	4,819.3	4,588.3	4,127.0	3,956.5	4,300.1	4,088.7
Cost of Goods Sold	4,222.0	3,897.2	4,044.4	4,458.9	3,792.8	3,751.6	4,232.4	4,078.1	3,648.6	3,611.2	4,018.4	3,676.4
Gross Profit	785.9	588.9	603.2	596.2	657.5	516.0	586.9	510.2	478.5	345.3	281.7	412.3
Financial Income	105.0	100.0	126.0	52.9	113.7	76.2	80.1	65.5	66.2	76.9	110.0	63.2
Financial Expenses	109.2	100.1	124.7	77.2	157.4	111.7	133.7	63.2	135.1	127.4	50.5	201.4
Interest Expense	92.3	82.9	127.9	41.0	92.5	70.5	56.2	48.5	55.6	79.8	38.5	83.3
Share of Associates and Joint Ventures	159.0	141.0	202.8	214.9	130.9	127.2	179.5	117.0	112.1	116.4	144.5	132.4
Selling Expenses	137.2	131.3	129.4	131.2	121.6	119.8	143.2	135.4	121.8	111.0	114.8	113.6
General and Administrative Expenses	253.0	246.9	258.9	283.5	248.3	223.0	264.5	271.1	222.2	202.0	271.3	208.1
Operating Profit	550.5	351.7	419.0	372.2	374.9	264.8	305.2	223.1	177.6	98.2	99.6	84.7
Other Income	41.8	13.3	25.4	18.0	13.7	11.8	38.1	18.1	16.9	12.0	112.8	17.7
Other Expenses	17.7	9.4	10.0	12.5	8.2	5.6	13.3	18.0	13.0	8.2	22.1	-12.8
Other Profit	24.1	3.9	15.4	5.5	5.5	6.2	24.7	0.0	3.9	3.7	90.7	30.5
Profit Before Tax	574.5	355.6	434.4	377.7	380.4	271.0	329.9	223.1	181.5	102.0	190.4	115.2
Current Income Tax Expense	57.7	29.5	36.8	30.4	51.5	19.8	43.4	28.7	31.4	15.8	46.9	24.4
Deferred Income Tax Expense	-8.6	-6.1	5.3	-12.0	-2.0	0.5	7.9	-35.9	18.5	14.3	7.8	10.3
Net Income	525.5	332.2	392.4	359.3	330.8	250.7	278.7	230.3	131.6	71.9	135.6	80.5
Non-controlling Interest	240.1	90.0	97.7	134.1	181.9	78.6	78.2	100.9	50.0	35.4	110.4	53.8
Profit Attributable to Parent	285.5	242.1	294.6	225.2	148.9	172.1	200.5	129.4	81.6	36.5	25.2	26.7
Earnings per Share VND per share	570.96	484.30	589.27	450.33	297.89	344.24	400.91	258.74	163.24	72.91	50.36	53.35
Diluted EPS VND per share	570.96	484.30	589.27	450.33	297.89	344.24	400.91	258.74	163.24	72.91	50.36	53.35

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)	10,933.7	10,290.4	10,682.7	10,807.1	10,292.6	9,444.4	9,355.3	9,354.6	9,217.6	8,802.6	8,928.3	8,638.5
I. Cash and cash equivalents	432.7	628.1	981.2	1,566.1	1,102.3	965.0	992.3	621.9	722.0	927.6	660.6	572.3
1. Cash	371.3	432.7	404.7	389.8	278.2	263.3	396.3	292.0	312.4	354.7	288.7	246.5
2. Cash equivalents	61.4	195.4	576.5	1,176.4	824.1	701.8	596.1	329.9	409.7	572.9	371.9	325.7
II. Short-term financial investments	4,099.8	3,460.8	3,184.7	2,999.7	2,670.1	2,276.7	2,506.5	2,658.3	2,322.8	2,054.6	2,343.0	2,434.7
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	4,099.8	3,460.8	3,184.7	2,999.7	2,670.1	2,276.7	2,506.5	2,658.3	2,322.8	2,054.6	2,343.0	2,434.7
III. Short-term receivables	2,864.9	2,783.6	2,677.5	2,836.7	2,966.2	3,020.3	2,706.2	2,792.2	2,606.7	2,866.5	2,581.9	2,228.7
1. Short-term trade accounts receivable	2,509.8	2,339.9	2,435.9	2,443.1	2,496.2	2,434.6	2,285.1	2,285.9	2,181.0	2,375.9	2,429.8	2,032.2
2. Short-term prepayments to suppliers	291.0	348.7	163.9	290.5	271.9	369.0	310.2	313.1	211.3	277.1	194.0	217.4
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	—	—	2.3	2.3	3.7	4.0	4.3	19.6	21.7	17.6	28.7	21.5
6. Other short-term receivables	394.4	433.9	411.1	441.9	527.2	532.6	437.3	505.7	523.9	585.2	308.7	290.6
7. Provision for short-term doubtful debts (*)	-330.3	-339.0	-335.8	-341.4	-333.7	-320.8	-331.6	-333.0	-332.4	-390.5	-381.1	-335.5
8. Assets awaiting resolution	0.0	0.0	0.0	0.3	0.9	0.9	0.8	0.9	1.2	1.2	1.7	2.4
IV. Inventories	3,158.0	2,995.6	3,491.4	3,074.4	3,249.2	2,897.2	2,904.0	3,027.9	3,320.4	2,680.4	3,088.7	3,081.8
1. Inventories	3,241.5	3,082.7	3,580.1	3,133.6	3,307.2	2,959.0	2,976.0	3,084.1	3,377.6	2,746.1	3,214.3	3,159.8
2. Provision for decline in value of inventories	-83.5	-87.2	-88.8	-59.2	-58.1	-61.7	-72.0	-56.2	-57.3	-65.7	-125.7	-78.0
V. Other short-term assets	378.4	422.4	348.0	330.2	304.8	285.1	246.4	254.3	245.8	273.5	254.2	321.0
1. Short-term prepayments	43.6	49.8	36.6	44.1	40.3	39.7	33.5	36.3	34.5	35.4	27.4	27.2
2. Value added tax to be reclaimed	323.4	357.1	293.5	271.9	248.5	228.5	199.2	202.3	195.6	216.3	211.7	281.1
3. Taxes and other receivables from state authorities	11.4	15.5	17.7	14.1	16.0	16.5	12.5	14.6	15.6	21.6	15.1	12.7
4. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	0.2	0.1	0.1	0.5	1.2	1.1	0.2	0.2	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	9,904.0	10,019.3	9,901.0	9,629.9	9,662.1	9,779.0	9,781.8	9,727.4	9,705.0	10,050.6	10,064.0	10,277.9
I. Long-term receivables	38.0	38.7	44.2	47.1	175.9	163.1	44.1	46.3	44.1	47.0	52.7	115.2
1. Long-term trade receivables	9.3	—	—	—	—	—	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	5.1	14.9
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	—	—	—	1.2	1.2	2.3	2.3	3.5	3.5	4.7	4.7	31.4
6. Other long-term receivables	134.8	144.8	150.3	152.0	280.8	266.9	147.9	148.9	146.6	148.4	149.0	175.0
7. Provision for long-term doubtful debts	-106.1	-106.1	-106.1	-106.1	-106.1	-106.1	-106.1	-106.1	-106.1	-106.1	-106.1	-106.1
II. Fixed assets	5,015.2	5,124.2	5,033.1	5,215.9	5,302.4	5,396.2	5,566.0	5,486.3	5,488.8	5,717.5	5,877.7	5,972.2
1. Tangible fixed assets	4,836.0	4,942.8	4,867.4	4,980.6	5,064.5	5,153.8	5,319.6	5,267.0	5,263.0	5,488.9	5,637.2	5,681.7
- Cost	14,560.3	14,528.4	—	—	—	—	14,203.1	14,079.0	13,946.5	14,072.8	14,053.3	14,078.7
- Accumulated depreciation	-9,724.3	-9,585.6	—	—	—	—	-8,883.5	-8,812.0	-8,683.5	-8,583.9	-8,416.1	-8,397.0
2. Financial leased fixed assets	140.5	144.3	128.4	145.0	147.1	150.9	154.7	128.5	134.0	135.8	146.6	196.7
- Cost	178.3	178.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-37.8	-34.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	38.7	37.1	37.4	90.3	90.8	91.5	91.6	90.9	91.8	92.9	93.9	93.9
- Cost	74.4	72.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-35.7	-35.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	472.3	476.8	434.9	257.5	260.0	262.3	264.6	267.1	269.7	272.9	275.6	375.6
- Cost	605.4	605.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-133.1	-128.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	516.3	424.7	589.1	609.8	534.1	442.8	451.2	614.0	570.3	527.4	445.3	489.2
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	65.3
2. Construction in progress	516.3	424.7	589.1	609.8	534.1	442.8	451.2	614.0	570.3	527.4	445.3	423.8
V. Long-term financial investments	3,505.4	3,626.7	3,464.4	3,173.4	3,062.9	3,191.2	3,155.2	3,019.8	3,025.0	3,174.2	3,096.2	3,007.4
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	3,207.2	3,341.9	3,229.2	3,056.3	2,937.9	3,051.9	2,966.4	2,828.4	2,848.0	2,943.4	2,912.6	2,862.5
3. Investments in other entities	181.1	181.1	181.1	180.6	185.6	183.5	183.5	184.6	184.6	184.6	184.6	184.6
4. Provision for diminution in value of long-term investments	-33.0	-31.1	-188.5	-198.5	-197.2	-192.6	-143.2	-147.2	-155.7	-109.9	-12.1	-42.8
5. Held to maturity investments	272.0	256.7	242.6	135.0	136.5	148.5	148.6	154.0	148.0	156.1	11.2	3.2
6. Provision for long-term investments held to maturity (*)	-121.9	-121.9	—	—	—	—	—	—	—	—	—	—
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	356.9	328.2	335.3	326.2	326.8	323.3	300.7	293.7	307.1	311.5	316.4	318.2
1. Long-term prepayments	345.0	316.7	321.6	314.0	313.5	311.0	284.7	279.9	294.4	299.7	296.4	301.3
2. Deferred income tax assets	11.3	10.9	13.1	11.7	12.8	11.8	15.4	12.4	12.1	11.2	19.5	16.3
3. Long-term equipment, supplies, spare parts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	0.6	0.6	0.6	0.6	0.6	0.6	0.6	1.4	0.6	0.6	0.6	0.6
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)	20,837.8	20,309.7	20,583.7	20,437.1	19,954.8	19,223.4	19,137.1	19,082.0	18,922.6	18,853.2	18,992.3	18,916.3
A. LIABILITIES (300=210+330)	9,968.2	9,969.4	10,539.0	10,610.0	10,321.8	9,696.5	9,845.4	9,916.1	10,010.8	9,639.8	9,806.8	9,854.9
I. Short -term liabilities	7,509.6	7,467.5	8,048.2	7,564.7	7,315.7	6,735.6	6,936.7	6,961.6	6,967.6	6,595.5	6,757.3	6,470.1
1. Short-term trade accounts payable	1,183.1	962.5	1,042.8	1,193.1	1,063.9	1,035.6	1,116.7	1,076.8	1,391.2	1,085.7	1,162.4	1,037.0
2. Short-term advances from customers	60.5	84.9	70.6	99.9	100.7	101.2	98.3	123.3	195.4	195.1	77.2	128.9
3. Dividends and profits payable	8.3	11.0	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	89.5	81.6	79.4	225.8	231.7	72.1	99.4	191.2	90.0	171.3	213.6	296.5
4. Payable to employees	896.0	744.0	956.1	938.4	666.6	569.8	710.9	623.6	497.2	435.9	618.2	562.5
5. Short-term acrrued expenses	75.6	74.9	69.0	73.1	60.2	62.3	54.0	65.6	55.7	49.8	53.6	126.2
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	26.0	24.2	28.6	19.6	32.4	27.8	22.1	19.9	19.9	20.2	18.4	21.2
9. Other short-term payables	429.1	566.5	618.3	459.2	436.2	463.4	549.4	478.8	641.9	491.0	436.2	180.7
10. Short-term borrowings and financial leases	4,399.7	4,681.5	4,908.1	4,264.0	4,400.5	4,166.4	4,015.7	4,074.2	3,767.6	3,902.7	3,901.1	3,831.8
11. Provision for short-term liabilities	60.1	60.2	63.3	58.2	56.9	57.6	61.9	56.1	55.1	62.3	61.9	60.9
12.. Bonus and welfare fund	281.7	176.3	212.0	233.5	266.5	179.5	208.2	252.2	253.6	181.6	214.7	224.4
13. Price stabilization fund	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	2,458.6	2,501.9	2,490.7	3,045.3	3,006.1	2,960.8	2,908.7	2,954.5	3,043.2	3,044.3	3,049.5	3,384.9
1. Long-term trade payables	—	1.7	0.0	0.0	0.0	0.0	0.0	0.1	0.0	1.1	0.0	0.0
2. Long-term advances from customers	—	—	—	—	—	—	0.0	0.0	0.4	0.9	2.0	2.8
3. Long-term acrrued expenses	8.4	8.8	8.8	8.8	8.8	9.3	9.3	9.3	9.3	9.8	9.8	9.8
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	316.9	304.8	323.5	333.8	314.0	321.0	300.3	305.7	308.9	314.2	313.0	313.4
7. Other long-term liabilities	85.3	84.5	84.4	83.7	79.3	76.7	75.7	77.4	72.5	73.0	70.0	71.6
8. Long-term borrowings and financial leases	1,850.2	1,896.0	1,870.8	2,457.7	2,441.8	2,390.8	2,385.5	2,434.8	2,515.1	2,527.6	2,545.7	2,890.7
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	161.8	170.0	167.3	161.2	162.1	163.0	137.9	127.2	137.0	117.7	108.9	96.6
12. Provision for long-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	36.0	36.0	36.0	—	—	—	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
B. OWNER'S EQUITY (400=410+430)	10,869.5	10,340.3	10,044.8	9,827.0	9,633.0	9,526.9	9,291.7	9,165.9	8,911.8	9,213.4	9,185.5	9,061.4
I. Owner's equity	10,869.5	10,340.3	10,026.1	9,808.2	9,614.0	9,507.8	9,272.4	9,146.4	8,892.1	9,193.6	9,165.4	9,040.7
1. Owner's capital	5,000.0	5,000.0	5,000.0	5,000.0	5,000.0	5,000.0	5,000.0	5,000.0	5,000.0	5,000.0	5,000.0	5,000.0
- Common stock with voting right VND per share	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00	5,000,000,000,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	30.4	30.4	30.4	30.4	30.4	30.4	30.4	30.4	30.4	30.4	30.4	30.4
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	714.5	696.0	216.8	216.8	216.8	216.8	216.8	216.8	214.7	214.7	214.7	214.7
5. Treasury shares VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	-747.8	-747.8	-747.8	-747.8	-747.8	-747.8	-747.8	-747.8	-747.8	-747.8	-747.8	-747.8
7. Foreign exchange differences	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	1,182.0	1,024.2	900.2	879.1	927.4	825.0	855.7	798.7	825.0	777.4	817.4	812.4
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	1,684.2	1,663.7	1,420.1	1,321.0	957.6	1,103.0	809.1	787.1	631.5	911.4	745.9	656.9
- Accumulated retained earning at the end of the previous period	1,156.6	1,421.6	547.4	742.9	636.5	930.9	436.8	615.3	513.4	874.9	684.0	620.2
- Undistributed earnings in this period	527.6	242.1	872.7	578.1	321.1	172.1	372.3	171.8	118.1	36.5	61.9	36.7
12. Reserves for investment in construction	—	—	543.1	543.1	543.1	543.1	543.1	543.1	543.1	543.1	543.1	543.1
13. Minority's interest	3,006.3	2,673.7	2,663.3	2,565.6	2,686.6	2,537.3	2,565.2	2,518.2	2,395.3	2,464.5	2,561.7	2,531.0
14. Financial reserves	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	18.7	18.8	19.0	19.2	19.3	19.5	19.6	19.8	20.2	20.7
1. Subsidized not-for-profit funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	—	18.7	18.8	19.0	19.2	19.3	19.5	19.6	19.8	20.2	20.7
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)	20,837.8	20,309.7	20,583.7	20,437.1	19,954.8	19,223.4	19,137.1	19,082.0	18,922.6	18,853.2	18,992.3	18,916.3

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	574.5	355.6	435.1	377.7	396.0	271.0	329.9	223.1	180.6	102.0	250.1	115.2
Depreciation of Fixed Assets and Investment Property	198.8	196.0	245.0	155.8	217.5	181.2	247.3	114.9	201.0	188.7	215.6	136.2
Provision (Increase)/Reversal	-10.7	-8.4	-9.1	27.6	-3.1	-11.0	16.3	-18.6	-17.2	-19.9	87.2	-91.2
FX Gain/Loss from Revaluation of Monetary Items	5.3	21.4	-14.6	17.5	24.0	29.1	2.9	17.0	33.9	29.4	1.0	47.0
Gain/Loss from Investment Activities	-374.2	-94.4	-321.5	-205.1	-240.1	-103.3	-242.3	-56.9	-295.9	-34.4	-381.2	-84.5
Interest Expense	92.3	82.9	113.7	41.0	92.6	70.5	56.2	48.5	94.6	79.8	62.9	83.3
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	486.0	553.1	484.7	414.5	486.9	437.6	410.4	327.9	196.9	345.7	235.6	205.9
Increase/(Decrease) in Receivables	-71.8	7.1	-9.3	65.4	213.0	-526.3	89.6	-323.1	455.2	-144.7	-214.0	18.3
Increase/(Decrease) in Inventory	-158.8	457.8	-233.5	371.5	-546.1	331.4	108.1	261.6	-599.6	472.8	-135.7	339.3
Increase/(Decrease) in Payables (Excl. Interest and CIT)	231.9	-130.1	-182.1	233.8	308.8	-410.0	156.3	-55.3	159.2	-212.8	387.2	-183.5
Increase/(Decrease) in Prepaid Expenses	-22.1	1.6	16.3	2.7	-10.1	-25.7	-2.1	23.0	-4.1	1.9	-8.1	10.9
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-80.7	-89.2	-77.8	-79.7	-81.8	-79.5	-35.7	-27.0	-120.3	-82.8	-85.8	-85.5
Corporate Income Tax Paid	5.2	-47.6	-54.8	-34.9	-4.4	-43.1	-40.5	-20.4	-31.5	-37.2	-28.6	-19.7
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	0.0	-18.7	-46.5	-45.6	1.5	-14.2	-4.0	-25.3	-36.5	-13.2	4.2	-22.1
Net Cash Flow from Operating Activities	389.7	734.0	-103.1	927.7	367.7	-329.9	682.1	161.5	19.4	329.7	154.9	263.6
Payments for Fixed Assets and Other Long-term Assets	-180.0	-136.6	-480.0	-84.4	-175.9	-99.4	-174.6	-39.0	-101.0	-94.2	-223.8	-3.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	1.5	1.1	8.8	1.6	3.1	1.1	3.0	0.9	16.0	1.7	152.9	28.8
Loans and Purchases of Debt Instruments	-679.8	-1,056.2	-1,359.8	-178.6	-121.1	-1,020.5	-936.3	-329.3	418.9	-1,067.8	-842.4	53.6
Receipts from Loan Repayments and Sale of Debt Instruments	200.0	655.0	861.8	54.4	-184.6	1,140.6	1,081.4	206.9	-616.1	1,113.4	1,270.1	-359.9
Investments in Other Entities	—	—	—	—	—	—	0.0	13.6	-13.6	0.0	-14.4	0.0
Proceeds from Investments in Other Entities	—	—	14.0	—	—	—	10.3	-9.1	9.1	0.0	22.7	0.0
Dividends and Interest Income Received	0.0	126.9	222.3	65.5	73.5	259.0	100.0	23.0	208.0	248.1	263.8	22.0
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	-658.3	-409.9	-740.8	-141.5	-407.2	280.9	83.8	-132.9	-78.7	201.2	628.9	-259.2
Proceeds from Equity Issuance and Capital Contributions VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	3,969,720,000.00	-3,969,720,000.00
Share Repurchases VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	4,067.7	3,867.7	3,546.1	2,841.7	4,305.5	3,866.9	3,924.4	2,913.3	2,724.7	3,204.5	3,454.5	2,957.8
Repayment of Borrowings	-3,994.6	-4,394.6	36.0	-3,160.1	-3,978.3	-3,857.5	-4,097.9	-3,116.5	-2,661.2	-3,476.5	-3,965.6	-2,745.6
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	-528.6	0.0
Dividends Paid	0.0	-150.0	0.4	0.0	-154.5	—	-222.0	0.0	-137.4	0.0	345.9	-193.1
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	73.1	-676.9	252.9	-318.4	172.7	9.4	-395.5	-203.2	-73.9	-272.0	-689.9	15.2
Net Cash Flow During the Period	-195.4	-352.7	-591.0	467.8	133.3	-39.6	370.4	-174.6	-133.2	258.9	93.9	19.6
Cash and Cash Equivalents at Beginning of Period	628.1	980.8	1,566.1	1,102.0	965.0	1,004.6	668.7	668.7	668.7	668.7	615.9	615.9
FX Difference from Revaluation	—	—	5.7	—	3.7	—	0.0	0.0	2.1	0.0	2.5	0.0
Cash and Cash Equivalents at End of Period	432.7	628.1	980.8	1,566.1	1,102.0	965.0	992.3	621.9	796.5	927.6	668.7	572.3

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