VPI · CTCP Phát triển Bất động sản Văn Phú

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

Item	2025	2024	2023	2022	2021
Revenue	1,976.4	1,897.3	1,864.8	2,199.4	2,677.6
Revenue Deductions	—	0.0	0.0	47.3	0.0
Net Revenue	1,976.4	1,897.3	1,864.8	2,152.1	2,622.1
Cost of Goods Sold	1,227.3	1,577.6	565.5	985.1	0.0
Gross Profit	749.1	319.8	1,299.3	1,167.0	643.8
Financial Income	194.7	311.8	110.3	131.0	136.5
Financial Expenses	221.0	193.5	465.5	332.2	-124.7
Interest Expense	52.5	186.4	458.9	325.1	-114.1
Share of Associates and Joint Ventures	66.6	53.3	31.7	14.4	20.6
Selling Expenses	62.1	7.5	141.1	120.3	-143.5
General and Administrative Expenses	213.7	137.2	219.4	246.1	-143.3
Operating Profit	513.6	346.7	615.5	613.8	389.4
Other Income	14.7	2.4	12.9	34.1	0.0
Other Expenses	8.0	8.7	10.0	12.3	0.0
Other Profit	6.7	-6.3	3.0	21.8	8.3
Profit Before Tax	520.2	340.4	618.5	635.5	397.7
Current Income Tax Expense	99.4	58.5	215.9	201.8	-43.3
Deferred Income Tax Expense	28.0	-22.0	-48.2	-58.6	0.0
Net Income	392.9	303.9	450.8	492.3	354.3
Non-controlling Interest	2.2	-24.6	-45.5	-47.3	-1.5
Profit Attributable to Parent	390.6	328.5	496.2	539.7	355.9
Earnings per Share	1,221.00	1,112.00	2,051.00	2,230.00	1,617.54
Diluted EPS	1,221.00	1,112.00	2,051.00	2,230.00	1,617.54

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	8,316.8	5,259.4	5,950.4	5,036.6	6,205.6
I. Cash and cash equivalents	706.1	497.5	191.4	488.4	1,122.7
1. Cash	490.8	148.9	93.8	253.2	0.0
2. Cash equivalents	215.3	348.7	97.6	235.3	0.0
II. Short-term financial investments	0.1	0.1	5.1	38.4	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	0.1	0.1	5.1	38.4	0.0
III. Short-term receivables	2,003.5	1,787.2	2,002.1	2,514.8	1,964.8
1. Short-term trade accounts receivable	252.6	179.4	103.3	130.7	0.0
2. Short-term prepayments to suppliers	406.9	134.7	107.8	110.9	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	134.1	522.7	895.3	1,332.2	0.0
6. Other short-term receivables	1,269.8	1,010.8	959.9	1,001.6	0.0
7. Provision for short-term doubtful debts (*)	-60.0	-60.4	-64.2	-60.6	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	5,245.3	2,946.7	3,696.8	1,925.6	3,014.1
1. Inventories	5,258.3	2,959.7	3,709.8	1,938.6	0.0
2. Provision for decline in value of inventories	-13.0	-13.0	-13.0	-13.0	0.0
V. Other short-term assets	361.7	27.9	55.0	69.3	104.0
1. Short-term prepayments	72.1	4.3	7.8	41.4	0.0
2. Value added tax to be reclaimed	33.6	22.8	37.3	18.1	0.0
3. Taxes and other receivables from state authorities	256.0	0.8	9.9	9.8	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)	6,411.2	5,879.1	6,580.5	6,059.4	3,668.4
I. Long-term receivables	323.4	745.1	705.2	517.2	0.0
1. Long-term trade receivables	—	3.4	12.0	20.2	1,084.5
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	323.4	741.7	693.3	497.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	526.1	534.9	560.0	583.7	581.1
1. Tangible fixed assets	520.9	529.6	555.0	578.2	575.0
- Cost	668.0	653.3	653.6	651.3	0.0
- Accumulated depreciation	-147.0	-123.7	-98.6	-73.1	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	5.1	5.3	5.0	5.5	6.0
- Cost	11.5	10.0	8.2	7.7	0.0
- Accumulated depreciation	-6.4	-4.7	-3.2	-2.2	0.0
III. Investment properties	304.5	316.0	716.6	733.7	0.0
- Cost	350.5	350.5	749.4	745.2	0.0
- Accumulated depreciation	-46.0	-34.4	-32.8	-11.5	0.0
IV. Long-term assets in progress	2,896.0	2,537.5	2,704.4	2,647.6	365.8
1. Long-term production in progress	2,208.1	1,878.9	1,837.8	1,822.6	0.0
2. Construction in progress	687.9	658.6	866.6	825.0	0.0
V. Long-term financial investments	2,231.6	1,592.3	1,742.6	1,439.4	1,475.6
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	2,231.6	1,592.3	1,742.6	1,439.2	0.0
3. Investments in other entities	—	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	0.0	0.2	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	129.6	153.3	151.6	137.8	0.0
1. Long-term prepayments	26.1	38.3	59.8	79.2	0.0
2. Deferred income tax assets	103.5	115.0	91.8	58.6	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	161.5
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)	14,728.0	11,138.5	12,530.9	11,096.0	9,874.0
A. LIABILITIES (300=210+330)	9,253.6	6,064.4	8,564.2	7,337.3	6,453.8
I. Short -term liabilities	3,092.6	2,105.6	4,674.6	2,636.4	3,599.8
1. Short-term trade accounts payable	147.0	83.2	86.4	228.5	344.1
2. Short-term advances from customers	1,044.7	86.3	1,029.2	579.2	623.2
3. Taxes and other payables to state authorities	142.7	60.4	835.7	256.5	0.0
4. Payable to employees	18.3	10.9	11.5	15.1	0.0
5. Short-term acrrued expenses	393.3	337.0	313.5	480.7	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	8.0	4.7	24.4	3.1	3.3
9. Other short-term payables	220.3	230.0	238.3	238.5	0.0
10. Short-term borrowings and financial leases	1,078.4	1,252.2	2,095.6	794.7	1,794.5
11. Provision for short-term liabilities	—	0.8	0.0	0.0	0.0
12.. Bonus and welfare fund	40.0	40.1	40.1	40.1	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	6,161.0	3,958.8	3,889.7	4,700.9	2,854.0
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	388.2	286.9	338.1	65.6	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	523.0	349.5	263.8	760.1	0.0
8. Long-term borrowings and financial leases	5,210.7	3,296.6	3,262.8	3,171.6	1,356.5
9. Convertible bonds	—	0.0	0.0	663.7	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	38.0	21.5	19.8	34.8	0.0
12. Provision for long-term liabilities	1.0	4.3	5.2	5.2	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)	5,474.4	5,074.1	3,966.6	3,758.7	3,420.2
I. Owner's equity	5,474.4	5,074.1	3,966.6	3,758.7	0.0
1. Owner's capital	3,200.5	3,200.5	2,420.0	2,420.0	3,420.2
- Common stock with voting right	3,200,495,770,000.00	3,200,495,770,000.00	2,419,996,170,000.00	2,419,996,170,000.00	2,199,997,800,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	574.7	574.7	0.0	0.0	0.0
3. Convertible bond option	—	0.0	72.4	72.4	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
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	15.2	15.2	15.2	15.2	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	18.4	7.6	7.6	7.6	0.0
11. Undistributed earnings after tax	1,440.8	1,060.8	1,222.6	999.7	884.8
- Accumulated retained earning at the end of the previous period	1,050.0	738.6	726.4	646.0	528.9
- Undistributed earnings in this period	390.8	322.2	496.2	353.6	355.9
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	224.9	215.4	228.9	243.9	205.1
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)	14,728.0	11,138.5	12,530.9	11,096.0	9,874.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	520.2	340.4	618.5	635.5	397.7
Depreciation of Fixed Assets and Investment Property	39.7	38.3	47.8	38.9	20.2
Provision (Increase)/Reversal	-4.5	-3.8	3.6	161.1	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-104.6	-353.3	-130.5	-145.4	0.0
Interest Expense	60.0	193.4	464.6	331.5	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	510.8	215.0	1,004.1	1,021.7	422.6
Increase/(Decrease) in Receivables	288.5	-226.4	85.4	438.3	0.0
Increase/(Decrease) in Inventory	-1,854.3	681.5	-1,784.6	-518.4	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	1,351.0	-209.8	-204.3	-64.4	0.0
Increase/(Decrease) in Prepaid Expenses	-55.6	21.5	53.0	90.7	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-43.6	-316.7	-406.1	-580.3	0.0
Corporate Income Tax Paid	-40.0	-26.9	-181.5	-43.1	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	—	0.0	-0.1	0.0	0.0
Net Cash Flow from Operating Activities	156.8	138.4	-1,434.1	344.5	57.0
Payments for Fixed Assets and Other Long-term Assets	-60.0	-25.3	-63.9	-739.7	-578.5
Proceeds from Disposal of Fixed Assets and Long-term Assets	1.4	0.0	0.0	0.0	1.3
Loans and Purchases of Debt Instruments	-1,101.0	-493.5	-598.0	-998.1	-42.9
Receipts from Loan Repayments and Sale of Debt Instruments	1,489.6	646.5	891.4	123.9	144.3
Investments in Other Entities	-3,031.2	-36.5	-472.1	-502.6	-453.1
Proceeds from Investments in Other Entities	1,621.9	12.3	896.5	102.9	0.0
Dividends and Interest Income Received	272.9	145.1	70.2	78.1	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	-806.4	248.4	724.1	-1,935.5	-773.3
Proceeds from Equity Issuance and Capital Contributions	8,800,000,000.00	4,500,000,000.00	0.00	142,000,000,000.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	3,476.9	2,531.2	1,228.1	1,868.3	2,254.9
Repayment of Borrowings	-2,627.6	-2,616.3	-572.4	-1,053.6	-1,446.5
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	-242.8	0.0	0.0
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	858.2	-80.6	412.9	956.7	808.5
Net Cash Flow During the Period	208.6	306.1	-297.0	-634.3	790.7
Cash and Cash Equivalents at Beginning of Period	497.5	191.4	488.4	1,122.7	1,030.6
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	706.1	497.5	191.4	488.4	1,122.7

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	849.5	287.4	1,180.4	395.6	180.2	248.7	749.9	854.6	165.3	126.5	134.6	269.4
Revenue Deductions	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	849.5	287.4	1,180.4	395.6	180.2	248.7	749.9	854.6	165.3	126.5	134.6	269.4
Cost of Goods Sold	512.8	204.3	690.8	221.6	130.2	191.0	652.9	708.1	132.3	86.3	-14.2	117.2
Gross Profit	336.7	83.0	489.6	174.0	50.0	57.7	97.0	146.5	33.0	40.3	148.7	152.2
Financial Income	20.4	22.0	20.6	17.4	22.3	133.9	86.9	16.1	33.4	176.7	25.0	27.5
Financial Expenses	13.6	24.7	165.9	9.9	2.8	21.9	16.1	24.9	31.4	128.1	104.5	80.6
Interest Expense	13.4	24.4	13.6	7.1	1.2	20.1	14.3	24.8	29.9	126.1	102.3	78.9
Share of Associates and Joint Ventures	0.8	1.0	1.7	16.6	16.4	17.5	15.8	15.1	11.0	13.4	10.0	7.8
Selling Expenses	56.9	10.0	85.5	3.0	6.4	0.9	0.6	4.1	0.7	1.4	1.3	10.4
General and Administrative Expenses	65.0	37.6	66.5	52.6	57.0	26.9	58.6	24.8	22.7	27.1	58.6	52.6
Operating Profit	222.4	33.9	193.9	142.4	22.5	159.4	124.3	123.9	22.6	73.7	19.3	43.9
Other Income	0.1	0.5	9.8	2.2	0.1	2.5	0.5	0.2	0.6	1.1	0.2	8.0
Other Expenses	-0.2	0.9	0.7	0.8	3.9	3.1	1.2	0.4	0.7	2.5	3.8	0.7
Other Profit	0.4	-0.4	9.1	1.4	-3.8	-0.6	-0.7	-0.2	-0.1	-1.4	-3.6	7.3
Profit Before Tax	222.7	33.5	203.0	143.8	18.7	158.8	123.6	123.7	22.5	72.4	15.8	51.2
Current Income Tax Expense	17.9	0.1	75.2	6.7	9.2	12.3	15.7	14.4	12.9	14.2	4.4	48.5
Deferred Income Tax Expense	34.1	6.8	-4.2	18.0	2.8	4.3	6.7	-0.7	-17.5	-11.7	-13.6	-29.7
Net Income	170.7	26.5	132.0	119.0	6.7	142.2	101.2	110.0	27.1	69.9	25.0	32.4
Non-controlling Interest	43.6	-0.4	2.3	0.9	-0.2	1.4	-2.5	-0.0	3.3	-22.2	-15.1	-7.0
Profit Attributable to Parent	127.1	26.9	129.7	118.2	6.8	140.8	103.7	110.0	23.8	92.0	40.1	39.5
Earnings per Share	397.00	84.00	405.00	369.00	21.00	440.00	324.00	379.00	98.00	380.00	166.00	163.00
Diluted EPS	397.00	84.00	405.00	369.00	21.00	440.00	1,032.00	379.00	98.00	380.00	166.00	163.00

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)	7,994.9	8,541.5	8,341.4	7,466.2	6,889.2	6,580.6	5,152.3	5,303.2	6,015.4	6,212.4	6,130.9	4,447.0
I. Cash and cash equivalents	264.9	143.2	706.2	167.2	162.0	737.9	457.4	99.6	300.3	573.0	195.7	183.9
1. Cash	148.7	70.9	490.8	88.2	75.7	439.4	148.9	40.9	241.1	514.2	93.1	45.7
2. Cash equivalents	116.2	72.3	215.3	79.0	86.3	298.5	308.5	58.7	59.2	58.8	102.6	138.2
II. Short-term financial investments	286.7	257.7	0.1	0.1	0.1	0.1	40.5	55.7	135.1	0.1	0.1	1.6
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	286.7	257.7	0.1	0.1	0.1	0.1	40.5	55.7	135.1	0.1	0.1	1.6
III. Short-term receivables	720.4	1,638.3	1,984.4	1,782.2	2,236.2	2,290.0	1,680.1	1,760.5	1,682.7	1,835.7	2,180.6	2,164.0
1. Short-term trade accounts receivable	166.9	241.6	252.3	186.4	147.0	81.0	182.8	289.4	143.5	147.7	108.2	121.7
2. Short-term prepayments to suppliers	417.8	410.3	410.8	375.6	328.2	374.0	236.1	225.3	102.2	104.3	107.5	119.6
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	—	—	134.1	174.1	807.4	812.6	522.7	438.6	526.1	715.4	1,069.5	1,028.4
6. Other short-term receivables	193.2	1,046.5	1,243.2	1,102.2	1,009.5	1,076.8	795.5	854.7	968.3	932.4	969.4	963.5
7. Provision for short-term doubtful debts (*)	-57.5	-60.0	-56.1	-56.0	-56.0	-54.5	-57.0	-47.4	-57.4	-64.2	-74.0	-69.2
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	6,600.4	5,954.4	5,544.1	5,407.9	4,425.9	3,511.7	2,946.2	3,347.6	3,857.1	3,746.8	3,701.4	2,040.9
1. Inventories	6,613.4	5,967.4	5,557.0	5,420.9	4,438.9	3,524.6	2,959.2	3,360.6	3,870.0	3,759.8	3,714.4	2,053.9
2. Provision for decline in value of inventories	-13.0	-13.0	-13.0	-13.0	-13.0	-13.0	-13.0	-13.0	-13.0	-13.0	-13.0	-13.0
V. Other short-term assets	122.5	547.8	106.7	108.7	64.9	41.0	28.1	39.8	40.2	56.8	53.0	56.6
1. Short-term prepayments	44.9	103.7	72.1	85.7	32.2	10.8	4.5	15.0	4.8	6.5	5.7	16.2
2. Value added tax to be reclaimed	76.5	52.4	34.0	21.5	32.1	29.6	22.8	24.2	31.6	35.4	37.4	30.0
3. Taxes and other receivables from state authorities	1.0	391.7	0.6	1.5	0.6	0.6	0.8	0.6	3.8	14.9	9.9	10.4
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)	7,860.1	6,886.1	6,366.2	6,545.5	6,249.1	6,074.1	5,991.9	5,985.5	5,775.2	5,719.8	6,401.8	6,374.5
I. Long-term receivables	50.8	71.8	353.4	239.0	380.4	296.4	745.1	752.8	702.5	705.9	539.4	541.9
1. Long-term trade receivables	—	—	—	—	—	1.4	3.4	6.0	8.0	10.0	12.0	14.2
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	50.8	71.8	353.4	239.0	380.4	295.0	741.7	746.8	694.5	695.9	527.4	527.7
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	687.9	519.8	525.6	519.0	523.8	528.8	534.9	541.1	547.8	554.0	560.0	566.4
1. Tangible fixed assets	683.6	515.0	520.4	514.5	519.2	523.9	529.7	535.7	542.0	548.3	555.0	561.1
- Cost	845.2	668.0	—	—	—	—	653.4	653.2	653.2	653.2	652.8	652.6
- Accumulated depreciation	-161.6	-153.0	—	—	—	—	-123.7	-117.4	-111.2	-104.8	-97.9	-91.5
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	4.3	4.8	5.2	4.5	4.6	4.9	5.2	5.4	5.7	5.7	5.0	5.3
- Cost	11.7	11.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-7.4	-6.9	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	299.2	301.6	304.5	307.4	310.3	313.2	316.0	318.9	321.8	324.7	716.6	720.5
- Cost	351.0	350.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-51.7	-48.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	3,128.6	3,022.2	2,810.9	2,753.7	3,525.4	3,450.2	2,648.8	2,637.5	2,474.2	2,432.1	2,690.4	2,682.1
1. Long-term production in progress	2,575.9	2,285.3	2,123.7	2,081.5	2,067.1	2,017.5	1,990.5	1,977.8	1,838.5	1,807.0	1,831.7	1,845.4
2. Construction in progress	552.7	736.9	687.3	672.2	1,458.3	1,432.7	658.3	659.7	635.7	625.1	858.7	836.8
V. Long-term financial investments	3,584.2	2,836.5	2,238.5	2,583.6	1,353.3	1,336.9	1,593.6	1,577.9	1,563.9	1,553.0	1,742.3	1,717.3
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	2,233.4	2,232.6	2,238.5	2,583.6	1,353.3	1,336.9	1,593.6	1,577.9	1,563.9	1,553.0	1,742.3	1,717.3
3. Investments in other entities	875.3	0.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	475.5	603.5	—	—	—	—	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	109.4	134.2	133.3	142.8	155.9	148.7	153.4	157.3	164.9	150.0	153.1	146.2
1. Long-term prepayments	35.6	32.4	24.6	42.6	41.0	34.5	38.4	43.0	48.5	53.6	61.7	65.5
2. Deferred income tax assets	73.8	101.8	108.7	100.2	114.9	114.2	115.0	114.2	116.4	96.5	91.4	80.7
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)	15,855.0	15,427.6	14,707.6	14,011.7	13,138.2	12,654.7	11,144.2	11,288.7	11,790.5	11,932.2	12,532.7	10,821.4
A. LIABILITIES (300=210+330)	10,127.1	9,874.7	9,227.6	8,660.4	7,917.8	7,430.1	6,067.1	7,114.9	7,727.0	7,895.7	8,553.5	6,867.3
I. Short -term liabilities	3,971.4	3,953.1	3,283.5	2,917.0	2,893.8	2,003.1	1,818.0	2,578.3	2,958.3	3,012.9	3,925.0	2,735.8
1. Short-term trade accounts payable	201.3	211.3	142.2	101.8	142.4	89.3	102.6	94.1	67.7	69.2	90.5	59.2
2. Short-term advances from customers	526.3	1,072.0	1,044.7	830.0	178.1	76.3	86.3	110.9	239.4	240.0	1,018.6	289.4
3. Taxes and other payables to state authorities	23.5	11.3	147.5	55.8	35.5	19.3	61.2	23.4	3.9	4.1	839.5	304.1
4. Payable to employees	14.3	11.0	17.8	13.0	10.8	9.9	11.2	10.2	9.7	8.9	17.7	11.3
5. Short-term acrrued expenses	605.6	446.5	364.6	250.8	281.2	304.4	311.5	176.2	153.6	132.8	315.2	483.1
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	9.5	3.9	8.0	9.3	4.3	4.7	4.7	2.3	18.5	8.1	8.1	26.0
9. Other short-term payables	225.7	234.6	225.9	508.3	272.4	238.3	234.0	236.0	267.5	232.5	238.8	245.5
10. Short-term borrowings and financial leases	2,325.2	1,922.5	1,292.9	1,107.1	1,928.3	1,219.9	966.4	1,884.3	2,157.9	2,277.1	1,355.9	1,277.0
11. Provision for short-term liabilities	—	—	—	0.8	0.8	0.8	0.0	0.8	0.0	0.0	0.8	0.0
12.. Bonus and welfare fund	40.0	40.0	40.0	40.1	40.1	40.1	40.1	40.1	40.1	40.1	40.1	40.1
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	6,155.6	5,921.6	5,944.1	5,743.4	5,023.9	5,427.1	4,249.0	4,536.6	4,768.7	4,882.8	4,628.5	4,131.5
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	387.8	413.0	387.7	340.0	344.6	317.2	290.8	436.7	414.9	376.9	338.1	328.9
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	644.1	478.1	523.0	432.1	432.1	349.9	349.5	273.4	272.4	263.0	263.8	255.6
8. Long-term borrowings and financial leases	5,073.6	4,986.4	4,996.2	4,935.5	4,204.0	4,730.7	3,582.4	3,808.4	4,061.3	4,225.3	3,271.4	2,833.6
9. Convertible bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	731.1	686.4
10. Preferred stock (Debts)	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	49.4	43.3	36.2	31.8	28.5	25.0	21.2	13.8	15.8	13.3	19.8	22.7
12. Provision for long-term liabilities	0.7	0.8	1.0	3.8	3.8	4.2	5.1	4.3	4.3	4.3	4.3	4.3
13. Fund for technology development	—	—	—	—	10.8	—	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)	5,728.0	5,552.9	5,480.0	5,351.3	5,220.5	5,224.6	5,077.1	4,173.8	4,063.5	4,036.5	3,979.1	3,954.2
I. Owner's equity	5,728.0	5,552.9	5,480.0	5,351.3	5,220.5	5,224.6	5,077.1	4,173.8	4,063.5	4,036.5	3,979.1	3,954.2
1. Owner's capital	3,200.5	3,200.5	3,200.5	3,200.5	3,200.5	3,200.5	3,200.5	2,904.0	2,420.0	2,420.0	2,420.0	2,420.0
- Common stock with voting right	3,200,495,770,000.00	3,200,495,770,000.00	3,200,495,770,000.00	3,200,495,770,000.00	3,200,495,770,000.00	3,200,495,770,000.00	3,200,495,770,000.00	2,903,993,850,000.00	2,419,996,170,000.00	2,419,996,170,000.00	2,419,996,170,000.00	2,419,996,170,000.00
- Preferred stock	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	574.7	574.7	574.7	574.7	574.7	574.7	574.7	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	—	—	—	—	—	—	0.0	72.4	72.4	72.4	72.4	72.4
4. Other capital of owners	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	15.2	15.2	15.2	15.2	15.2	15.2	15.2	15.2	15.2	15.2	15.2	15.2
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	30.7	18.4	18.4	18.4	7.6	7.6	7.6	7.6	7.6	7.6	7.6	7.6
11. Undistributed earnings after tax	1,582.5	1,467.7	1,442.6	1,312.8	1,197.6	1,201.6	1,062.6	958.9	1,330.1	1,314.6	1,246.7	1,206.6
- Accumulated retained earning at the end of the previous period	1,428.5	1,440.8	1,050.0	1,050.0	1,050.0	1,060.8	738.6	738.6	1,222.6	1,222.6	737.5	737.5
- Undistributed earnings in this period	154.0	26.9	392.6	262.9	147.6	140.8	324.0	220.3	107.5	92.0	509.2	469.1
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	324.5	276.5	228.7	229.8	224.9	225.1	216.5	215.7	218.2	206.7	217.2	232.4
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)	15,855.0	15,427.6	14,707.6	14,011.7	13,138.2	12,654.7	11,144.2	11,288.7	11,790.5	11,932.2	12,532.7	10,821.4

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	222.7	33.5	200.9	143.8	16.8	158.8	123.6	123.7	24.2	72.4	-0.6	51.2
Depreciation of Fixed Assets and Investment Property	12.1	9.3	11.4	9.3	9.5	9.4	9.5	9.6	9.6	9.5	12.5	11.4
Provision (Increase)/Reversal	-2.5	-0.3	0.4	0.0	1.2	-6.1	9.6	-8.2	-7.7	-0.8	-4.2	-0.8
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-21.2	-23.1	78.5	6.8	-39.2	-150.7	-86.5	-30.5	-43.1	-190.0	-22.6	-35.3
Interest Expense	13.4	24.4	36.7	7.1	-5.6	21.8	16.1	24.7	26.3	128.0	104.0	80.4
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	224.5	43.8	327.9	167.0	-17.4	33.2	72.3	119.3	9.2	19.1	89.2	106.9
Increase/(Decrease) in Receivables	170.4	21.7	-677.2	856.9	-740.3	849.1	165.8	-268.7	-687.4	635.0	30.2	20.5
Increase/(Decrease) in Inventory	-936.5	-786.3	37.7	-305.7	-882.8	-703.6	388.7	388.5	-160.1	-29.3	-1,652.4	-75.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	174.5	-112.6	-34.1	926.2	383.3	75.7	112.9	78.2	680.1	-1,022.0	615.5	-329.6
Increase/(Decrease) in Prepaid Expenses	55.4	-37.8	30.2	-67.6	-15.5	-2.6	15.1	-3.1	5.7	3.8	14.1	15.8
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-80.5	-131.3	299.9	-121.9	-140.9	-80.7	-45.9	37.4	-96.1	-67.6	-244.9	-53.5
Corporate Income Tax Paid	-2.0	-92.4	-8.4	-1.6	0.2	-30.1	8.3	-10.1	-1.5	-24.1	-2.8	-23.0
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	-394.1	-1,095.0	-24.1	1,453.3	-1,413.3	141.0	717.2	341.4	-250.1	-485.1	-1,151.0	-337.8
Payments for Fixed Assets and Other Long-term Assets	-66.6	4.5	97.4	-154.9	—	-2.5	4.4	-11.9	24.9	-40.7	-33.6	-2.8
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	49.7	—	-48.3	—	0.0	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	0.0	-464.4	-320.9	-230.4	-236.9	-312.8	-30.0	130.4	-81.5	-256.9	-461.5	-20.0
Receipts from Loan Repayments and Sale of Debt Instruments	0.0	162.8	360.9	863.7	242.2	22.9	-56.9	-363.4	498.2	0.0	414.0	45.4
Investments in Other Entities	0.0	-409.7	—	—	—	—	0.0	-12.8	-19.8	0.0	-16.0	-0.1
Proceeds from Investments in Other Entities	0.0	612.6	1,288.9	-739.9	739.9	333.0	0.0	0.0	0.0	12.3	700.0	196.5
Dividends and Interest Income Received	36.0	6.5	179.2	-12.6	75.6	30.7	68.2	77.9	-1.3	8.1	48.2	1.2
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	-30.6	-87.6	325.7	-1,368.7	659.9	-423.3	-14.3	-179.7	420.5	-277.3	651.2	220.0
Proceeds from Equity Issuance and Capital Contributions	56,400,000,000.00	—	—	—	—	—	0.00	4,500,000,000.00	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	2,046.3	1,430.2	-1,051.9	2,802.4	790.9	935.4	1,196.5	317.8	143.1	1,510.3	807.3	178.2
Repayment of Borrowings	-1,556.4	-810.4	1,289.1	-2,888.1	-613.2	-415.4	-1,541.6	-819.8	-451.1	-366.4	-299.9	-104.1
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	—	—	0.0	—	-0.1	0.0	0.0	0.0	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	546.3	619.8	237.3	-79.8	177.9	522.7	-345.1	-497.5	-308.0	1,144.0	507.4	74.0
Net Cash Flow During the Period	121.6	-562.9	539.0	4.8	-575.5	240.4	357.8	-335.8	-137.6	381.6	7.5	-43.8
Cash and Cash Equivalents at Beginning of Period	143.2	706.1	167.2	162.4	737.9	497.5	191.4	191.4	191.4	191.4	488.4	488.4
FX Difference from Revaluation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	264.9	143.2	706.1	167.2	162.4	737.9	457.4	99.6	435.4	573.0	191.4	183.9

Giải mã BCTC

Điểm nhấn trong BCTC của CTCP Phát triển Bất động sản Văn Phú (VPI) mà bạn nên biết

Q2/2026 On a TTM 2026Q2 basis, VPI is showing a few mildly positive signals versus the same period, though the magnitude is narrow — earnings have been recovering gradually over multiple periods.

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

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