The financial statements of VNL

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	1,398.0	1,152.7	729.2	1,096.7	1,464.0
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	1,398.0	1,152.7	729.2	1,096.7	1,464.0
Cost of Goods Sold	1,301.8	1,072.3	687.4	1,037.2	0.0
Gross Profit	96.3	80.4	41.8	59.5	56.9
Financial Income	19.2	15.2	32.0	23.0	5.5
Financial Expenses	7.5	5.6	5.0	3.2	-2.6
Interest Expense	—	0.0	0.0	0.0	-0.0
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	13.6
Selling Expenses	—	0.0	0.0	0.0	-0.0
General and Administrative Expenses	34.0	30.8	25.1	25.5	-20.0
Operating Profit	74.0	59.2	43.8	53.9	53.3
Other Income	0.4	0.2	0.1	0.2	0.0
Other Expenses	0.2	0.1	0.2	0.1	0.0
Other Profit	0.2	0.1	-0.1	0.1	-0.0
Profit Before Tax	74.2	59.3	43.7	54.0	53.3
Current Income Tax Expense	19.1	13.9	6.4	10.1	-9.1
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	55.1	45.4	37.3	43.9	44.2
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	55.1	45.4	37.3	43.9	44.2
Earnings per Share VND per share	3,780.00	3,149.00	2,586.00	4,620.00	3,667.00
Diluted EPS VND per share	3,780.00	3,149.00	2,586.00	4,620.00	4,911.41

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	420.4	359.5	294.8	273.6	317.1
I. Cash and cash equivalents	83.3	85.2	67.2	86.0	55.6
1. Cash	44.3	55.2	33.2	53.0	0.0
2. Cash equivalents	39.0	30.0	34.0	33.0	0.0
II. Short-term financial investments	20.0	10.0	30.0	15.0	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	20.0	10.0	30.0	15.0	0.0
III. Short-term receivables	311.0	259.5	195.7	171.7	260.1
1. Short-term trade accounts receivable	296.3	267.6	202.9	166.1	0.0
2. Short-term prepayments to suppliers	12.9	0.9	1.7	5.8	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	—	0.0	0.0	0.0	0.0
6. Other short-term receivables	3.1	2.2	1.9	9.4	0.0
7. Provision for short-term doubtful debts (*)	-1.3	-11.1	-10.8	-9.6	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	—	0.0	0.0	0.0	0.0
1. Inventories	—	0.0	0.0	0.0	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	6.1	4.8	1.9	1.0	0.8
1. Short-term prepayments	0.5	0.5	0.4	0.3	0.0
2. Value added tax to be reclaimed	5.1	3.7	1.0	0.2	0.0
3. Taxes and other receivables from state authorities	0.5	0.5	0.5	0.5	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)	101.7	96.9	95.7	87.2	88.8
I. Long-term receivables	2.4	2.4	2.1	1.9	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	2.6
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	2.4	2.4	2.1	1.9	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	46.8	43.6	43.0	44.7	45.7
1. Tangible fixed assets	20.2	17.2	16.6	18.5	19.3
- Cost	55.1	51.9	50.8	51.9	0.0
- Accumulated depreciation	-34.9	-34.7	-34.2	-33.4	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	26.5	26.4	26.3	26.3	26.3
- Cost	27.2	26.7	26.5	26.4	0.0
- Accumulated depreciation	-0.6	-0.3	-0.2	-0.1	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	—	0.0	0.0	0.0	0.0
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	—	0.0	0.0	0.0	0.0
V. Long-term financial investments	52.2	50.0	49.0	39.3	39.6
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	42.9	50.7	50.7	41.6	0.0
3. Investments in other entities	9.5	0.7	0.7	0.7	0.0
4. Provision for diminution in value of long-term investments	-0.2	-1.4	-2.4	-3.0	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	0.4	0.8	1.6	1.2	0.0
1. Long-term prepayments	0.4	0.8	1.6	1.2	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	1.0
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)	522.1	456.4	390.5	360.8	405.9
A. LIABILITIES (300=210+330)	194.9	159.0	120.8	113.0	187.0
I. Short -term liabilities	154.6	117.5	78.4	70.6	144.6
1. Short-term trade accounts payable	85.1	68.8	45.6	40.1	104.2
2. Short-term advances from customers	2.5	0.5	0.4	2.4	1.6
3. Taxes and other payables to state authorities	10.4	7.4	3.4	4.7	0.0
4. Payable to employees	39.1	24.6	17.5	13.7	0.0
5. Short-term acrrued expenses	8.0	9.8	5.2	4.0	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	—	0.0	0.0	0.0	0.0
9. Other short-term payables	8.5	5.5	5.1	4.3	0.0
10. Short-term borrowings and financial leases	—	0.0	0.0	0.0	0.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	1.0	0.8	1.3	1.3	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	40.4	41.5	42.4	42.4	42.4
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	7.5	9.5	9.5	9.5	9.5
7. Other long-term liabilities	32.9	32.0	32.9	32.9	0.0
8. Long-term borrowings and financial leases	—	0.0	0.0	0.0	0.0
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)	327.1	297.4	269.7	247.9	218.9
I. Owner's equity	327.1	297.4	269.7	247.9	0.0
1. Owner's capital	141.4	141.4	141.4	94.3	218.9
- Common stock with voting right VND per share	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00	94,270,000,000.00	90,000,000,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	5.0	5.0	5.0	5.0	5.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	10.0	10.0	10.0	10.0	10.0
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	—	0.0	0.0	0.0	0.0
8. Investment and development fund	—	0.0	0.0	0.0	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
11. Undistributed earnings after tax	170.8	141.1	113.3	138.6	114.0
- Accumulated retained earning at the end of the previous period	125.6	102.7	83.1	101.3	82.6
- Undistributed earnings in this period	45.2	38.4	30.2	37.3	31.4
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	—	0.0	0.0	0.0	0.0
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)	522.1	456.4	390.5	360.8	405.9

Item	2025	2024	2023	2022	2021
Profit Before Tax	74.2	59.3	43.7	54.0	38.7
Depreciation of Fixed Assets and Investment Property	2.7	2.3	2.1	2.3	1.9
Provision (Increase)/Reversal	-11.0	-0.7	0.6	3.1	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.5	0.6	0.4	0.1	0.0
Gain/Loss from Investment Activities	-8.5	-5.9	-24.9	-16.1	0.0
Interest Expense	—	0.0	0.0	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	58.0	55.7	21.9	43.5	27.8
Increase/(Decrease) in Receivables	-42.7	-67.0	-25.6	86.1	0.0
Increase/(Decrease) in Inventory	—	0.0	0.0	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	32.3	34.9	8.3	-75.4	0.0
Increase/(Decrease) in Prepaid Expenses	0.5	0.6	-0.4	-0.5	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	—	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	-16.1	-10.8	-7.3	-9.0	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-1.2	-1.4	-0.9	-1.1	0.0
Net Cash Flow from Operating Activities	30.7	12.0	-4.0	43.6	-4.2
Payments for Fixed Assets and Other Long-term Assets	-5.9	-2.9	-0.4	-1.8	-0.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.4	0.2	0.1	0.6	0.0
Loans and Purchases of Debt Instruments	-10.0	0.0	-25.0	-15.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	20.0	10.0	0.9	0.6
Investments in Other Entities	-1.0	0.0	-2.0	0.0	-4.4
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	7.9	5.6	17.1	15.9	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	-8.6	22.9	-0.2	0.6	1.8
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	0.00	4,270,000,000.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	—	0.0	0.0	0.0	0.0
Repayment of Borrowings	—	0.0	0.0	0.0	0.0
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-24.0	-17.0	-14.6	-18.5	-7.2
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	-24.0	-17.0	-14.6	-14.2	-7.2
Net Cash Flow During the Period	-2.0	17.9	-18.8	30.0	0.0
Cash and Cash Equivalents at Beginning of Period	85.2	67.2	86.0	55.6	65.5
FX Difference from Revaluation	0.0	0.1	0.0	0.4	-0.3
Cash and Cash Equivalents at End of Period	83.3	85.2	67.2	86.0	0.0

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	411.7	356.4	395.7	377.0	331.9	293.4	318.2	330.5	285.7	218.3	218.3	175.5
Revenue Deductions	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	411.7	356.4	395.7	377.0	331.9	293.4	318.2	330.5	285.7	218.3	218.3	175.5
Cost of Goods Sold	380.3	336.4	366.0	353.3	310.3	272.2	292.6	309.5	263.9	206.3	206.2	167.5
Gross Profit	31.4	20.0	29.8	23.7	21.6	21.2	25.6	21.1	21.8	12.0	12.0	8.0
Financial Income	3.3	2.7	2.7	5.1	8.6	2.9	4.6	3.0	3.9	3.7	5.9	10.7
Financial Expenses	1.4	1.1	0.5	3.8	2.2	1.0	0.1	1.1	2.9	1.5	1.2	1.9
Interest Expense	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Share of Associates and Joint Ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
General and Administrative Expenses	5.8	6.6	15.2	6.8	6.1	5.9	14.0	6.4	5.4	5.1	9.2	5.1
Operating Profit	27.5	15.0	16.7	18.1	21.9	17.3	16.1	16.6	17.4	9.1	7.4	11.6
Other Income	0.1	—	0.0	0.3	0.0	0.0	0.1	0.0	0.0	0.1	0.0	0.0
Other Expenses	0.0	0.1	0.2	—	0.0	—	0.0	0.0	0.1	0.0	0.2	0.0
Other Profit	0.1	-0.1	-0.2	0.3	0.0	0.0	0.1	0.0	-0.1	0.1	-0.2	0.0
Profit Before Tax	27.6	14.9	16.6	18.5	21.9	17.3	16.2	16.6	17.3	9.2	7.3	11.6
Current Income Tax Expense	6.7	2.7	6.5	3.7	3.4	3.3	5.8	3.1	3.4	1.6	2.9	0.9
Deferred Income Tax Expense	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	20.9	12.2	10.0	14.8	18.5	14.0	10.4	13.5	13.9	7.6	4.4	10.7
Non-controlling Interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	20.9	12.2	10.0	14.8	18.5	14.0	10.4	13.5	13.9	7.6	4.4	10.7
Earnings per Share VND per share	1,431.00	839.00	696.00	1,025.00	1,294.00	971.00	722.00	936.00	963.00	527.00	303.00	742.00
Diluted EPS VND per share	1,363.00	839.00	696.00	1,025.00	1,294.00	971.00	3,149.00	936.00	963.00	527.00	303.00	742.00

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)	424.4	395.1	420.4	412.2	378.4	357.4	359.5	362.8	337.9	294.0	294.8	280.1
I. Cash and cash equivalents	78.3	52.9	83.3	79.0	52.8	65.5	85.2	70.1	53.5	49.8	82.2	80.9
1. Cash	39.3	33.9	44.3	50.0	18.8	31.5	55.2	45.1	31.5	27.8	33.2	24.9
2. Cash equivalents	39.0	19.0	39.0	29.0	34.0	34.0	30.0	25.0	22.0	22.0	49.0	56.0
II. Short-term financial investments	—	20.0	20.0	20.0	20.0	10.0	10.0	10.0	20.0	25.0	15.0	15.0
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	—	20.0	20.0	20.0	20.0	10.0	10.0	10.0	20.0	25.0	15.0	15.0
III. Short-term receivables	340.4	315.5	311.0	307.6	300.3	276.6	259.5	278.2	261.4	216.6	195.7	182.3
1. Short-term trade accounts receivable	324.0	304.8	296.3	297.0	297.4	280.5	267.6	283.2	265.2	221.7	202.9	175.9
2. Short-term prepayments to suppliers	12.0	7.8	12.9	8.2	4.0	1.1	0.9	2.0	2.7	1.9	1.7	9.9
3. Short-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	5.7	4.3	3.1	3.7	10.1	6.1	2.2	3.7	4.4	3.8	1.9	6.2
7. Provision for short-term doubtful debts (*)	-1.3	-1.3	-1.3	-1.3	-11.1	-11.1	-11.1	-10.8	-10.8	-10.8	-10.8	-9.6
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Inventories	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Provision for decline in value of inventories	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	5.7	6.7	6.1	5.6	5.2	5.3	4.8	4.4	3.0	2.6	1.9	1.8
1. Short-term prepayments	0.2	0.5	0.5	0.7	0.3	0.3	0.5	0.7	0.2	0.2	0.4	0.7
2. Value added tax to be reclaimed	4.9	5.2	5.1	4.4	4.4	4.5	3.7	3.3	2.3	1.9	1.0	0.7
3. Taxes and other receivables from state authorities	0.6	1.0	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5
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)	102.3	103.0	101.7	95.8	97.1	96.5	96.9	94.3	94.9	95.4	95.7	95.5
I. Long-term receivables	2.5	2.4	2.4	2.4	2.9	2.4	2.4	2.4	2.4	2.4	2.1	2.1
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	2.5	2.4	2.4	2.4	2.9	2.4	2.4	2.4	2.4	2.4	2.1	2.1
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	47.5	48.2	46.8	42.0	42.6	43.2	43.6	41.9	42.3	42.7	43.0	43.1
1. Tangible fixed assets	21.0	21.7	20.2	15.6	16.1	16.7	17.2	15.5	15.9	16.3	16.6	16.9
- Cost	55.6	55.6	—	—	—	—	51.9	50.8	50.7	50.6	50.8	50.6
- Accumulated depreciation	-34.6	-33.9	—	—	—	—	-34.7	-35.3	-34.8	-34.2	-34.2	-33.7
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	26.5	26.5	26.5	26.4	26.5	26.5	26.4	26.4	26.4	26.3	26.3	26.2
- Cost	27.2	27.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-0.7	-0.7	—	—	—	—	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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
V. Long-term financial investments	52.2	52.2	52.2	51.0	51.0	50.0	50.0	49.0	49.0	49.0	49.0	48.4
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	42.9	42.9	42.9	42.9	51.7	50.7	50.7	50.7	50.7	50.7	50.7	50.7
3. Investments in other entities	9.5	9.5	9.5	9.5	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7
4. Provision for diminution in value of long-term investments	-0.2	-0.2	-0.2	-1.4	-1.4	-1.4	-1.4	-2.4	-2.4	-2.4	-2.4	-3.0
5. Held to maturity investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	0.1	0.2	0.4	0.5	0.6	0.8	0.8	0.9	1.1	1.4	1.6	1.9
1. Long-term prepayments	0.1	0.2	0.4	0.5	0.6	0.8	0.8	0.9	1.1	1.4	1.6	1.9
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)	526.7	498.0	522.1	508.1	475.5	453.9	456.4	457.0	432.8	389.4	390.5	375.6
A. LIABILITIES (300=210+330)	179.5	170.0	192.5	178.7	160.9	149.6	159.0	170.0	152.2	122.0	120.8	110.3
I. Short -term liabilities	139.1	129.6	152.2	137.2	119.5	108.1	117.5	127.7	109.8	79.7	78.4	67.9
1. Short-term trade accounts payable	89.5	80.7	85.1	83.2	78.6	64.9	68.8	73.9	78.2	51.0	45.6	38.3
2. Short-term advances from customers	2.2	1.8	2.5	3.4	2.0	1.0	0.5	0.3	0.6	0.7	0.4	0.4
3. Dividends and profits payable	—	11.3	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	11.7	3.3	8.0	8.1	8.1	5.6	7.4	7.3	4.1	1.9	3.4	2.8
4. Payable to employees	12.5	7.7	39.1	17.6	11.3	7.6	24.6	12.0	9.5	4.1	17.5	7.0
5. Short-term acrrued expenses	14.4	15.2	8.0	16.9	10.8	17.5	9.8	21.9	13.1	6.1	5.2	7.0
6. Short-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	7.9	8.5	8.5	7.1	7.6	10.8	5.5	11.4	3.0	14.5	5.1	11.1
10. Short-term borrowings and financial leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
11. Provision for short-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.9	1.0	1.0	1.0	1.0	0.8	0.8	0.8	1.3	1.3	1.3	1.3
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	40.4	40.4	40.4	41.5	41.5	41.5	41.5	42.4	42.4	42.4	42.4	42.4
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	7.5	7.5	7.5	9.5	9.5	9.5	9.5	9.5	9.5	9.5	9.5	9.5
7. Other long-term liabilities	32.9	32.9	32.9	32.0	32.0	32.0	32.0	32.9	32.9	32.9	32.9	32.9
8. Long-term borrowings and financial leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
9. Convertible bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts) VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	—	—	—	—	—	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
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)	347.2	328.0	329.5	329.4	314.6	304.4	297.4	287.0	280.6	267.4	269.7	265.3
I. Owner's equity	347.2	328.0	329.5	329.4	314.6	304.4	297.4	287.0	280.6	267.4	269.7	265.3
1. Owner's capital	141.4	141.4	141.4	141.4	141.4	141.4	141.4	141.4	141.4	141.4	141.4	141.4
- Common stock with voting right VND per share	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00	141,404,870,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0	10.0
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	190.9	171.7	173.2	173.0	158.2	148.0	141.1	130.6	124.2	111.1	113.3	109.0
- Accumulated retained earning at the end of the previous period	157.8	159.4	125.6	125.6	125.6	134.0	102.7	102.7	102.7	103.4	83.1	83.1
- Undistributed earnings in this period	33.1	12.2	47.6	47.5	32.7	14.0	38.4	27.9	21.5	7.6	30.2	25.9
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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)	526.7	498.0	522.1	508.1	475.5	453.9	456.4	457.0	432.8	389.4	390.5	375.6

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
Profit Before Tax	27.6	14.9	16.6	18.5	21.9	17.3	16.2	16.6	17.3	9.2	7.3	11.6
Depreciation of Fixed Assets and Investment Property	0.7	0.8	0.8	0.6	0.7	0.6	0.6	0.6	0.6	0.6	0.5	0.5
Provision (Increase)/Reversal	—	—	-1.1	-9.9	—	—	-0.7	0.0	0.0	0.0	0.6	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.1	0.1	0.2	-0.5	0.5	0.4	0.3	-0.3	-0.0	0.6	-0.4	0.3
Gain/Loss from Investment Activities	-2.1	-1.6	-0.9	-0.5	-5.9	-1.2	-2.4	-1.4	-0.3	-1.8	-3.8	-8.4
Interest Expense	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	26.2	14.2	15.5	8.3	17.1	17.1	14.1	15.5	17.5	8.5	4.1	4.1
Increase/(Decrease) in Receivables	-22.8	-4.6	-5.8	-0.7	-18.4	-17.8	17.3	-17.3	-45.3	-21.6	-17.0	-3.4
Increase/(Decrease) in Inventory	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	13.7	-30.4	14.5	17.9	13.9	-14.1	-4.3	9.4	38.3	-8.4	18.0	0.9
Increase/(Decrease) in Prepaid Expenses	0.3	0.2	0.3	-0.3	0.2	0.2	0.2	-0.3	0.3	0.4	0.6	-0.3
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	0.0	-8.8	-7.0	-3.3	0.0	-5.8	-6.5	0.0	-1.6	-2.7	-2.5	-1.2
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-1.3	-0.1	-0.1	-0.1	-0.9	-0.1	-0.1	-0.6	-0.6	0.0	-0.1	-0.1
Net Cash Flow from Operating Activities	16.2	-29.6	17.3	21.8	12.1	-20.5	20.7	6.6	8.6	-23.8	3.1	-0.0
Payments for Fixed Assets and Other Long-term Assets	-0.1	-2.4	-5.6	0.0	-0.1	-0.2	-2.3	-0.2	-0.2	-0.2	-0.4	0.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.1	0.1	0.4	0.0	0.0	0.0	0.1	0.0	0.0	0.1	0.0	0.0
Loans and Purchases of Debt Instruments	—	—	0.0	0.0	-10.0	—	0.0	0.0	0.0	0.0	-25.0	15.0
Receipts from Loan Repayments and Sale of Debt Instruments	20.0	—	—	—	—	—	0.0	10.0	5.0	5.0	10.0	0.0
Investments in Other Entities	—	—	—	—	—	—	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
Dividends and Interest Income Received	0.6	1.4	2.2	4.3	0.4	1.0	3.4	0.4	0.4	1.4	5.8	0.3
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	20.6	-0.9	-3.1	4.3	-10.7	0.9	1.2	10.2	5.1	6.3	-9.6	15.3
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Borrowings	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-11.3	—	-9.9	0.0	-14.1	—	-7.1	0.0	-9.9	0.0	-7.1	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	-11.3	—	-9.9	0.0	-14.1	—	-7.1	0.0	-9.9	0.0	-7.1	0.0
Net Cash Flow During the Period	25.5	-30.5	4.3	26.1	-12.7	-19.7	14.8	16.8	3.8	-17.5	-13.6	15.2
Cash and Cash Equivalents at Beginning of Period	52.9	83.3	79.0	52.8	65.5	85.2	67.2	67.2	67.2	67.2	86.0	86.0
FX Difference from Revaluation	-0.0	0.1	0.0	0.1	0.1	-0.0	0.2	-0.2	-0.1	0.1	-0.1	0.0
Cash and Cash Equivalents at End of Period	78.3	52.9	83.3	79.0	52.8	65.5	85.2	70.1	53.5	49.8	67.2	80.9

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