The financial statements of VIF

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	1,899.0	1,596.8	1,690.4	1,949.7	1,982.4
Revenue Deductions	0.7	0.2	5.2	2.4	0.0
Net Revenue	1,898.3	1,596.5	1,685.2	1,947.3	1,981.5
Cost of Goods Sold	1,565.2	1,345.3	1,395.3	1,645.9	0.0
Gross Profit	333.2	251.3	289.9	301.5	325.4
Financial Income	204.0	161.8	155.9	153.3	146.1
Financial Expenses	8.3	7.9	10.3	8.4	-14.9
Interest Expense	6.3	5.6	9.1	5.3	-12.5
Share of Associates and Joint Ventures	147.7	298.1	175.0	389.9	181.4
Selling Expenses	47.3	50.2	36.2	64.8	-84.1
General and Administrative Expenses	269.7	278.6	265.8	260.0	-242.1
Operating Profit	359.6	374.4	308.5	511.4	311.8
Other Income	17.8	9.8	9.6	6.2	0.0
Other Expenses	5.5	7.4	5.7	6.3	0.0
Other Profit	12.3	2.4	3.9	-0.1	5.0
Profit Before Tax	371.9	376.8	312.4	511.3	316.8
Current Income Tax Expense	47.7	19.0	34.2	27.2	-27.4
Deferred Income Tax Expense	-7.3	0.2	2.4	-0.4	0.0
Net Income	331.5	357.7	275.8	484.4	289.4
Non-controlling Interest	5.1	-0.4	-16.0	8.9	10.9
Profit Attributable to Parent	326.4	358.1	291.9	475.5	278.5
Earnings per Share VND per share	886.00	975.00	755.00	1,265.00	543.00
Diluted EPS VND per share	886.00	975.00	755.00	1,265.00	795.68

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	3,471.6	3,574.8	3,657.8	3,735.3	3,743.2
I. Cash and cash equivalents	199.0	163.1	173.9	176.0	118.1
1. Cash	103.2	111.8	146.2	137.6	0.0
2. Cash equivalents	95.8	51.2	27.8	38.4	0.0
II. Short-term financial investments	2,029.6	2,112.9	2,120.4	2,025.7	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	2,029.6	2,112.9	2,120.4	2,025.7	0.0
III. Short-term receivables	287.8	296.3	301.8	284.1	274.0
1. Short-term trade accounts receivable	253.5	229.3	226.1	214.4	0.0
2. Short-term prepayments to suppliers	15.9	39.9	10.5	8.8	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	2.9	0.0	0.0	0.0	0.0
6. Other short-term receivables	144.6	112.3	131.2	93.1	0.0
7. Provision for short-term doubtful debts (*)	-130.5	-85.9	-66.3	-32.3	0.0
8. Assets awaiting resolution	1.4	0.8	0.2	0.1	0.0
IV. Inventories	927.2	980.7	1,040.4	1,211.0	1,199.6
1. Inventories	970.0	1,010.2	1,073.6	1,239.1	0.0
2. Provision for decline in value of inventories	-42.8	-29.5	-33.2	-28.1	0.0
V. Other short-term assets	28.0	21.8	21.3	38.5	47.1
1. Short-term prepayments	2.2	2.0	1.9	2.0	0.0
2. Value added tax to be reclaimed	21.0	16.4	14.6	35.0	0.0
3. Taxes and other receivables from state authorities	4.8	3.4	4.7	1.5	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	—	0.0	0.1	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	2,125.0	1,883.6	1,817.4	1,881.6	1,719.7
I. Long-term receivables	1.6	1.5	1.0	1.6	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	4.1
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	1.6	1.5	1.0	1.6	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	245.0	218.9	241.4	207.3	216.8
1. Tangible fixed assets	223.5	196.8	218.6	183.8	192.5
- Cost	1,119.1	1,074.1	1,071.8	1,012.2	0.0
- Accumulated depreciation	-895.6	-877.3	-853.2	-828.5	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	21.5	22.2	22.8	23.5	24.3
- Cost	53.4	53.4	53.4	53.4	0.0
- Accumulated depreciation	-32.0	-31.3	-30.6	-29.9	0.0
III. Investment properties	153.5	172.1	168.4	180.1	200.5
- Cost	316.5	321.5	307.9	307.9	0.0
- Accumulated depreciation	-162.9	-149.4	-139.5	-127.9	0.0
IV. Long-term assets in progress	11.2	28.1	31.0	71.7	42.3
1. Long-term production in progress	—	10.0	10.0	10.0	0.0
2. Construction in progress	11.2	18.1	21.0	61.7	0.0
V. Long-term financial investments	1,628.1	1,403.1	1,315.5	1,349.2	1,191.0
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	1,521.9	1,337.1	1,249.5	1,303.0	0.0
3. Investments in other entities	16.0	16.0	16.0	16.0	0.0
4. Provision for diminution in value of long-term investments	—	-0.3	0.0	0.0	0.0
5. Held to maturity investments	90.2	50.2	50.0	30.2	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	85.6	59.9	60.1	71.8	0.0
1. Long-term prepayments	78.0	52.9	53.9	67.3	0.0
2. Deferred income tax assets	7.6	7.0	6.2	4.5	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	65.1
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)	5,596.6	5,458.5	5,475.2	5,616.9	5,462.9
A. LIABILITIES (300=210+330)	524.1	471.1	494.8	574.0	613.2
I. Short -term liabilities	458.4	398.1	427.5	514.7	547.2
1. Short-term trade accounts payable	85.2	71.1	89.5	124.2	122.4
2. Short-term advances from customers	16.5	27.7	36.8	24.5	35.6
3. Taxes and other payables to state authorities	39.2	11.4	13.9	12.3	0.0
4. Payable to employees	67.8	50.1	53.5	70.5	0.0
5. Short-term acrrued expenses	25.5	27.5	19.0	24.0	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	10.5	12.4	7.0	8.2	8.5
9. Other short-term payables	51.9	62.2	53.3	55.0	0.0
10. Short-term borrowings and financial leases	138.4	112.6	118.3	160.6	181.1
11. Provision for short-term liabilities	0.4	0.0	0.0	0.3	0.0
12.. Bonus and welfare fund	23.0	23.2	36.2	35.3	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	65.7	73.0	67.3	59.3	66.0
1. Long-term trade payables	0.3	0.3	0.3	0.3	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	34.8	33.7	25.2	22.7	0.0
8. Long-term borrowings and financial leases	—	1.4	5.0	3.6	12.2
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	13.1	19.7	18.8	14.7	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0	0.0
13. Fund for technology development	17.5	17.7	18.0	18.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	5,072.5	4,987.4	4,980.4	5,042.9	4,849.6
I. Owner's equity	5,070.7	4,985.7	4,978.7	5,041.2	0.0
1. Owner's capital	3,500.0	3,500.0	3,500.0	3,500.0	4,848.4
- Common stock with voting right VND per share	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00
- 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	19.1	9.0	9.0	9.0	9.0
5. Treasury shares VND per share	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	15.9	-11.8	-12.3	-10.2	0.0
8. Investment and development fund	227.3	247.3	244.5	236.0	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	0.0
11. Undistributed earnings after tax	1,232.8	1,165.3	1,159.5	1,207.7	1,012.8
- Accumulated retained earning at the end of the previous period	922.5	824.1	900.3	764.1	751.7
- Undistributed earnings in this period	310.3	341.2	259.2	443.6	261.1
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	75.6	75.8	77.9	98.7	81.7
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	1.8	1.7	1.7	1.7	1.2
1. Subsidized not-for-profit funds	1.1	0.9	0.9	1.0	0.0
2. Funds invested in fixed assets	0.7	0.7	0.8	0.8	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	5,596.6	5,458.5	5,475.2	5,616.9	5,462.9

Item	2025	2024	2023	2022	2021
Profit Before Tax	371.9	376.8	312.4	511.3	318.2
Depreciation of Fixed Assets and Investment Property	43.1	47.1	44.3	51.0	55.6
Provision (Increase)/Reversal	13.9	16.3	38.8	0.5	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.6	-3.9	-0.8	0.9	0.0
Gain/Loss from Investment Activities	-348.4	-453.8	-328.0	-514.6	0.0
Interest Expense	6.3	5.6	9.1	5.3	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	86.1	-11.9	75.8	54.5	65.0
Increase/(Decrease) in Receivables	11.0	-24.5	-2.0	120.8	0.0
Increase/(Decrease) in Inventory	32.1	50.3	165.6	-15.6	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	33.8	12.1	-49.5	-12.3	0.0
Increase/(Decrease) in Prepaid Expenses	-25.3	0.9	13.6	-9.6	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-7.8	-4.1	-9.7	-16.0	0.0
Corporate Income Tax Paid	-21.5	-25.0	-29.7	-30.3	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-41.4	-31.8	-43.5	-31.3	0.0
Net Cash Flow from Operating Activities	67.0	-34.1	120.6	60.3	-181.0
Payments for Fixed Assets and Other Long-term Assets	-59.6	-22.0	-23.7	-68.9	-47.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.5	0.9	0.9	7.1	3.7
Loans and Purchases of Debt Instruments	-495.9	-455.4	-528.2	-322.8	-230.3
Receipts from Loan Repayments and Sale of Debt Instruments	536.3	462.7	413.7	379.5	462.9
Investments in Other Entities	-121.5	-12.6	0.0	-28.7	0.0
Proceeds from Investments in Other Entities	66.6	24.2	0.0	19.7	0.0
Dividends and Interest Income Received	250.0	360.0	347.1	265.7	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	176.4	357.7	209.8	251.5	481.0
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	0.00	10,994,250,000.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	286.0	264.8	300.5	485.7	745.9
Repayment of Borrowings	-261.6	-274.1	-341.5	-514.2	-758.0
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-231.8	-325.1	-291.5	-228.2	-314.1
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	-207.4	-334.4	-332.5	-245.7	-326.2
Net Cash Flow During the Period	36.1	-10.8	-2.1	66.1	-33.5
Cash and Cash Equivalents at Beginning of Period	163.1	173.9	176.0	109.9	144.6
FX Difference from Revaluation	-0.2	-0.0	0.0	0.0	-0.3
Cash and Cash Equivalents at End of Period	199.0	163.1	173.9	176.0	118.1

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	513.4	584.2	488.6	415.1	548.7	447.3	445.2	386.5	416.5	352.3	375.5	567.3
Revenue Deductions	0.6	—	0.6	—	0.6	—	0.0	0.0	0.1	0.1	0.0	0.0
Net Revenue	512.8	584.2	488.0	415.1	548.1	447.3	445.2	386.5	416.3	352.3	375.5	567.3
Cost of Goods Sold	450.0	468.5	381.1	360.0	464.0	363.6	396.9	325.1	344.5	287.2	326.0	438.5
Gross Profit	62.8	115.7	106.8	55.1	84.1	83.7	48.3	61.4	71.9	65.0	49.6	128.8
Financial Income	35.3	31.4	107.6	31.8	33.3	31.1	55.3	55.1	37.7	37.8	55.3	26.5
Financial Expenses	-1.6	2.1	3.2	1.9	1.7	1.6	1.7	1.9	1.8	2.0	2.3	2.5
Interest Expense	2.1	2.0	2.1	1.5	1.4	1.3	1.5	1.2	1.3	1.6	2.1	2.2
Share of Associates and Joint Ventures	59.7	88.2	47.0	73.5	61.5	-35.4	58.2	62.3	95.3	82.2	56.2	8.6
Selling Expenses	10.1	10.1	15.3	6.8	12.6	11.5	15.2	10.3	9.1	9.4	9.0	7.5
General and Administrative Expenses	44.4	52.9	109.5	43.8	70.3	50.0	82.7	49.2	95.4	47.8	76.5	72.5
Operating Profit	104.9	170.1	133.4	107.9	94.3	16.3	62.1	117.4	98.5	125.8	73.3	81.4
Other Income	6.7	0.9	13.5	2.1	1.8	0.6	7.0	0.9	2.4	4.3	2.3	0.9
Other Expenses	4.1	1.0	2.0	0.8	1.6	0.9	7.0	1.6	2.8	2.6	1.4	0.6
Other Profit	2.6	-0.1	11.5	1.3	0.2	-0.3	-0.1	-0.7	-0.5	1.7	0.8	0.3
Profit Before Tax	107.5	170.0	144.9	109.2	94.5	16.0	62.1	116.8	98.1	127.5	74.1	81.7
Current Income Tax Expense	7.8	7.0	24.0	9.2	5.3	9.4	0.3	10.5	0.5	9.3	11.2	14.7
Deferred Income Tax Expense	-1.0	0.0	-4.3	-2.8	-0.4	-0.3	-0.5	-0.7	-0.3	-0.3	2.9	-0.6
Net Income	100.8	163.0	125.1	102.7	89.6	6.9	62.3	106.9	97.8	118.5	60.1	67.6
Non-controlling Interest	0.8	2.2	1.0	0.4	1.5	2.7	1.6	1.5	-4.7	1.7	-18.5	0.8
Profit Attributable to Parent	100.0	160.8	124.1	102.4	88.1	4.2	60.7	105.5	102.6	116.8	78.6	66.8
Earnings per Share VND per share	285.63	459.31	354.63	292.53	251.64	12.09	173.55	301.29	293.04	333.83	224.60	190.82
Diluted EPS VND per share	285.63	459.31	354.63	292.53	251.64	12.09	173.55	301.29	293.04	333.83	224.60	190.82

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)	3,121.3	2,872.3	3,463.3	3,310.9	3,638.3	3,595.5	3,564.0	3,551.1	3,839.8	3,646.0	3,707.6	3,745.0
I. Cash and cash equivalents	489.0	382.8	198.1	328.4	329.3	200.0	169.0	187.1	509.0	122.5	177.3	145.4
1. Cash	112.2	124.4	103.3	120.5	171.1	114.7	109.0	107.3	102.2	74.0	146.8	96.9
2. Cash equivalents	376.9	258.3	94.8	207.9	158.3	85.3	60.0	79.8	406.9	48.5	30.5	48.6
II. Short-term financial investments	2,081.0	2,032.6	2,030.6	1,727.9	2,001.5	2,142.0	2,107.8	2,093.4	2,011.3	2,207.5	2,167.4	2,244.4
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	2,081.0	2,032.6	2,030.6	1,727.9	2,001.5	2,142.0	2,107.8	2,093.4	2,011.3	2,207.5	2,167.4	2,244.4
III. Short-term receivables	309.7	234.9	286.4	326.9	393.6	308.6	292.4	286.3	312.3	295.0	306.0	330.2
1. Short-term trade accounts receivable	238.4	241.2	318.3	245.5	239.0	237.5	230.7	209.2	213.5	210.7	229.6	242.6
2. Short-term prepayments to suppliers	53.9	24.1	13.5	40.5	26.8	41.0	40.1	50.7	15.6	20.4	10.4	19.6
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	—	—	2.9	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	90.1	101.0	82.7	126.9	213.9	116.4	107.7	109.1	165.8	132.7	132.3	104.3
7. Provision for short-term doubtful debts (*)	-72.9	-131.5	-131.5	-86.0	-86.1	-87.1	-86.3	-82.9	-82.8	-68.8	-66.4	-36.4
8. Assets awaiting resolution	0.2	0.2	0.5	—	—	0.8	0.2	0.2	0.2	0.2	0.2	0.1
IV. Inventories	180.3	155.1	920.8	902.9	891.0	925.0	974.0	962.3	984.5	998.3	1,034.6	1,007.3
1. Inventories	185.6	160.2	965.3	932.4	920.7	954.1	1,006.5	988.5	1,011.9	1,029.9	1,067.7	1,033.1
2. Provision for decline in value of inventories	-5.3	-5.1	-44.4	-29.5	-29.7	-29.1	-32.5	-26.2	-27.5	-31.6	-33.2	-25.7
V. Short-term Biological Assets	35.3	41.9	—	—	—	—	—	—	—	—	—	—
2. Short-term seasonal or single-harvest crops	40.1	48.1	—	—	—	—	—	—	—	—	—	—
3. Provision for impairment of short-term biological assets	-4.8	-6.1	—	—	—	—	—	—	—	—	—	—
V. Other short-term assets	26.0	25.0	27.3	24.9	22.9	19.8	20.7	22.0	22.7	22.7	22.3	17.6
1. Short-term prepayments	4.3	3.0	1.9	4.4	2.8	2.0	2.3	2.8	3.6	1.9	2.9	2.5
2. Value added tax to be reclaimed	19.9	20.6	21.0	19.5	19.1	16.3	16.4	15.5	14.0	16.7	14.0	14.1
3. Taxes and other receivables from state authorities	1.8	1.4	4.4	1.0	1.1	1.6	2.0	3.6	5.1	4.1	5.5	0.9
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)	2,673.8	2,770.5	2,132.7	2,128.8	1,919.9	1,818.3	1,903.3	1,847.8	1,795.0	1,862.6	1,775.1	1,711.3
I. Long-term receivables	1.6	1.6	1.6	1.6	1.6	1.6	12.7	9.8	1.5	32.3	1.5	1.5
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	0.0	0.0	0.0
6. Other long-term receivables	1.6	1.6	1.6	1.6	1.6	1.6	12.7	9.8	1.5	32.3	1.5	1.5
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	233.4	239.8	244.5	203.1	210.7	211.6	219.7	225.2	232.3	233.4	241.7	206.1
1. Tangible fixed assets	212.1	218.3	223.0	181.5	188.9	189.6	197.5	202.8	209.8	210.7	218.8	183.1
- Cost	1,121.4	1,122.4	—	—	—	—	1,074.2	1,073.0	1,080.2	1,072.6	1,071.7	1,030.9
- Accumulated depreciation	-909.2	-904.0	—	—	—	—	-876.7	-870.2	-870.4	-861.9	-852.9	-847.8
2. Financial leased fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	21.3	21.5	21.5	21.6	21.8	22.0	22.2	22.3	22.5	22.7	22.8	23.0
- Cost	53.6	53.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-32.3	-32.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Long-term Biological Assets	643.8	652.8	—	—	—	—	—	—	—	—	—	—
3. Long-term seasonal or single-harvest crops	670.9	683.1	—	—	—	—	—	—	—	—	—	—
4. Provision for impairment of long-term biological assets	-27.1	-30.3	—	—	—	—	—	—	—	—	—	—
III. Investment properties	154.6	156.6	158.6	173.5	173.5	176.2	178.1	180.1	182.9	172.8	175.8	178.0
- Cost	326.7	326.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-172.1	-170.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	18.3	15.0	11.6	46.1	45.7	49.1	27.7	21.0	36.9	42.4	31.0	59.4
1. Long-term production in progress	0.7	0.3	—	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0
2. Construction in progress	17.6	14.7	11.6	36.1	35.7	39.1	17.7	11.0	26.9	32.4	21.0	49.4
V. Long-term financial investments	1,540.6	1,621.1	1,626.4	1,640.0	1,418.5	1,313.9	1,401.3	1,345.3	1,283.4	1,321.3	1,259.5	1,200.8
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	1,524.4	1,599.9	1,520.3	1,354.0	1,260.7	1,297.9	1,335.0	1,329.3	1,267.3	1,305.3	1,243.2	1,184.5
3. Investments in other entities	16.0	16.0	16.0	16.0	16.0	16.0	16.0	16.0	16.0	16.0	16.0	16.0
4. Provision for diminution in value of long-term investments	—	—	-0.2	-0.2	-0.2	-0.3	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	0.2	5.2	90.2	270.2	141.9	0.2	50.2	0.0	0.0	0.0	0.2	0.2
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	81.5	83.6	90.0	64.4	69.9	65.9	63.9	66.4	58.0	60.4	65.8	65.5
1. Long-term prepayments	71.3	73.3	78.8	53.4	59.1	55.4	52.6	55.5	47.4	50.1	54.1	54.4
2. Deferred income tax assets	10.2	10.2	11.2	11.0	10.8	10.5	11.3	10.9	10.5	10.2	11.6	11.1
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)	5,795.0	5,642.8	5,595.9	5,439.6	5,558.2	5,413.8	5,467.3	5,398.9	5,634.8	5,508.6	5,482.7	5,456.3
A. LIABILITIES (300=210+330)	724.1	410.1	516.8	473.1	713.3	412.3	470.1	437.2	778.1	428.3	497.1	524.1
I. Short -term liabilities	658.8	343.8	453.2	401.1	638.6	338.7	394.5	360.5	699.2	368.4	426.5	460.5
1. Short-term trade accounts payable	65.1	72.4	84.5	68.8	85.5	79.8	70.0	69.9	89.1	83.4	106.7	102.6
2. Short-term advances from customers	50.2	21.5	16.3	22.2	17.7	26.0	27.9	29.2	33.8	43.4	19.9	23.6
3. Dividends and profits payable	245.3	0.2	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	13.6	21.2	38.8	36.6	29.1	21.6	12.9	24.5	11.4	18.6	14.0	57.0
4. Payable to employees	61.1	16.2	65.8	36.4	41.5	20.1	50.6	42.3	43.0	16.1	50.5	76.1
5. Short-term acrrued expenses	19.6	18.2	21.0	26.3	23.2	20.5	29.7	21.2	23.2	19.6	15.6	16.1
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	12.9	11.6	10.5	12.6	14.2	11.5	12.4	9.8	8.5	9.4	9.5	7.6
9. Other short-term payables	49.7	47.1	54.8	55.9	291.1	50.1	55.3	51.6	378.2	54.8	53.2	47.0
10. Short-term borrowings and financial leases	113.2	114.5	138.4	121.9	106.9	97.6	112.6	94.7	87.7	94.8	118.3	115.0
11. Provision for short-term liabilities	0.4	0.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.3
12.. Bonus and welfare fund	27.9	20.5	23.0	20.4	29.4	11.6	23.2	17.4	24.3	28.3	38.7	15.3
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	65.3	66.3	63.6	71.9	74.6	73.6	75.6	76.7	78.8	59.9	70.6	63.6
1. Long-term trade payables	—	—	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
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	—	0.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	37.3	36.4	34.9	37.0	37.2	35.9	37.8	37.8	37.3	17.9	28.0	25.7
8. Long-term borrowings and financial leases	—	—	—	1.0	1.1	1.1	1.4	2.2	4.0	4.5	5.0	3.9
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	10.9	—	11.9	16.0	18.5	18.5	18.3	18.5	19.3	19.3	19.3	15.7
12. Provision for long-term liabilities	—	17.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	17.1	—	16.5	17.6	17.6	17.7	17.7	17.8	17.9	17.9	18.0	18.0
14. Provision for severance allowances	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	5,070.9	5,232.6	5,079.1	4,966.5	4,845.0	5,001.5	4,997.2	4,961.7	4,856.7	5,080.2	4,985.7	4,932.2
I. Owner's equity	5,070.9	5,232.6	5,077.3	4,965.4	4,843.7	5,000.3	4,995.5	4,960.4	4,855.5	5,079.0	4,984.0	4,930.9
1. Owner's capital	3,500.0	3,500.0	3,500.0	3,500.0	3,500.0	3,500.0	3,500.0	3,500.0	3,500.0	3,500.0	3,500.0	3,500.0
- Common stock with voting right VND per share	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00	3,500,000,000,000.00
- Preferred stock VND per share	—	11,940,184,958.00	—	—	—	—	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
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	18.9	18.9	18.9	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0	9.0
5. Treasury shares VND per share	—	—	—	—	—	—	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	19.0	14.5	15.8	17.8	6.0	-1.6	-11.7	-10.6	-16.2	-15.9	-12.9	-13.8
8. Investment and development fund	222.4	220.5	226.8	236.6	238.5	247.4	246.8	246.6	245.1	244.3	244.2	244.1
9. Fund to support corporate restructuring	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
11. Undistributed earnings after tax	1,235.8	1,400.9	1,239.6	1,130.6	1,019.0	1,169.5	1,178.6	1,143.8	1,046.1	1,264.2	1,168.0	1,097.6
- Accumulated retained earning at the end of the previous period	1,135.9	1,240.1	934.1	933.8	924.6	1,165.3	835.9	820.2	828.2	1,147.3	909.1	892.4
- Undistributed earnings in this period	100.0	160.8	305.5	196.8	94.4	4.2	342.6	323.6	217.9	116.8	258.8	205.1
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	74.7	77.8	76.2	71.3	71.2	75.9	72.7	71.6	71.3	77.3	75.6	94.0
14. Financial reserves	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	1.8	1.2	1.2	1.2	1.7	1.2	1.2	1.2	1.7	1.3
1. Subsidized not-for-profit funds	—	—	1.1	0.4	0.5	0.5	0.9	0.5	0.5	0.5	0.9	0.5
2. Funds invested in fixed assets	—	—	0.7	0.7	0.7	0.7	0.7	0.8	0.8	0.8	0.8	0.8
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)	5,795.0	5,642.8	5,595.9	5,439.6	5,558.2	5,413.8	5,467.3	5,398.9	5,634.8	5,508.6	5,482.7	5,456.3

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	104.8	170.0	150.5	108.5	96.9	16.0	36.8	116.1	96.9	127.5	82.8	82.2
Depreciation of Fixed Assets and Investment Property	10.8	10.8	9.5	11.4	10.9	11.4	12.1	12.5	11.9	11.6	6.6	14.9
Provision (Increase)/Reversal	-55.4	-4.2	13.7	0.1	0.5	-0.4	9.7	-0.4	9.0	1.1	34.8	8.0
FX Gain/Loss from Revaluation of Monetary Items	0.1	-0.0	0.5	-0.1	-1.0	0.0	-2.5	2.1	-2.0	0.0	-0.4	-0.3
Gain/Loss from Investment Activities	-87.4	-126.7	-156.9	-102.4	-92.6	3.4	-86.4	-118.7	-129.5	-119.6	-109.5	-36.6
Interest Expense	2.2	2.0	2.2	1.1	1.7	1.3	1.5	1.1	1.4	1.6	2.1	2.2
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	-24.9	51.9	19.5	18.6	16.4	31.7	-28.8	12.8	-12.2	22.2	16.4	70.5
Increase/(Decrease) in Receivables	12.0	4.2	19.8	-29.3	36.6	-16.1	1.5	-44.1	3.9	-5.2	-18.7	13.1
Increase/(Decrease) in Inventory	-5.6	83.9	-41.3	-4.8	26.3	51.8	-30.7	30.3	7.8	41.2	-32.5	126.1
Increase/(Decrease) in Payables (Excl. Interest and CIT)	61.4	-49.7	31.6	-7.3	50.0	-40.6	60.8	-26.2	38.2	-37.7	-59.5	11.3
Increase/(Decrease) in Prepaid Expenses	0.8	4.0	-22.6	4.2	-8.4	1.5	-8.4	-7.6	1.5	3.6	5.5	3.0
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-2.3	-2.1	-6.3	2.6	-2.7	-1.4	-0.3	-0.0	0.5	-1.9	-3.8	-0.7
Corporate Income Tax Paid	-15.1	-19.6	-11.5	-6.1	-2.3	-1.6	-10.3	-0.3	-7.3	-7.1	-16.1	-8.8
Other Operating Receipts	1.8	0.5	—	—	—	—	1.8	1.5	-0.5	0.5	-0.7	0.7
Other Operating Payments	-4.9	-9.8	-17.4	-5.2	-9.4	-9.4	-26.9	7.1	-3.2	-9.6	-7.8	-15.6
Net Cash Flow from Operating Activities	23.2	63.3	-28.9	-26.5	106.2	16.2	-41.3	-26.7	28.7	5.8	-117.1	199.6
Payments for Fixed Assets and Other Long-term Assets	-4.1	-25.7	-11.6	-24.6	-1.6	-21.8	-9.2	-4.3	-2.9	-9.4	-4.7	-3.5
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.4	0.0	-1.2	1.4	-0.9	1.1	0.2	1.1	0.1	0.0	7.0	-6.3
Loans and Purchases of Debt Instruments	-194.4	-131.2	-220.9	-130.1	-99.6	-45.3	-127.4	-228.4	-31.0	-83.6	7.2	-414.6
Receipts from Loan Repayments and Sale of Debt Instruments	162.5	279.0	126.2	235.7	106.6	67.9	55.1	146.3	226.6	45.7	111.3	195.6
Investments in Other Entities	—	—	—	—	—	—	0.0	0.0	-12.6	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	—	66.6	0.0	0.0	—	0.0	24.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	121.3	22.2	48.3	147.8	19.8	34.0	88.6	83.2	184.9	14.0	19.1	75.8
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	85.7	144.4	-114.1	230.2	24.4	35.9	7.3	21.9	365.1	-33.3	140.0	-153.0
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	77.6	55.7	81.2	71.3	74.3	59.2	68.8	62.4	79.0	56.7	81.5	64.2
Repayment of Borrowings	-79.0	-79.6	-64.1	-58.0	-65.0	-74.4	-51.1	-57.2	-86.6	-80.7	-77.1	-78.2
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-1.3	—	-3.2	-227.8	-0.7	—	-1.7	-320.8	-1.2	0.0	1.2	-290.8
Other Financing Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-2.7	-23.9	13.8	-214.5	8.6	-15.2	16.0	-315.6	-8.8	-24.0	5.6	-304.8
Net Cash Flow During the Period	106.3	183.8	-129.1	-10.9	139.1	36.9	-18.0	-320.4	385.0	-51.5	28.5	-258.2
Cash and Cash Equivalents at Beginning of Period	382.8	199.0	328.4	339.2	200.0	163.1	173.9	173.9	173.9	173.9	176.0	176.0
FX Difference from Revaluation	0.0	0.0	-0.2	0.1	0.0	0.0	-0.0	-0.0	0.0	0.0	-0.0	0.1
Cash and Cash Equivalents at End of Period	489.0	382.8	199.0	328.4	339.2	200.0	169.0	187.1	507.5	122.5	173.9	145.4

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