The financial statements of VTO

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	1,130.0	1,118.7	1,076.6	1,180.2	946.2
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	1,130.0	1,118.7	1,076.6	1,180.2	946.2
Cost of Goods Sold	850.3	861.6	878.8	984.1	0.0
Gross Profit	279.6	257.1	197.8	196.1	130.0
Financial Income	34.5	22.8	31.2	17.6	16.8
Financial Expenses	13.2	27.8	34.4	33.9	-25.3
Interest Expense	11.3	16.4	24.7	26.1	-23.9
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	—	0.0	0.9	1.3	-1.3
General and Administrative Expenses	145.3	120.1	95.1	86.1	-67.9
Operating Profit	155.7	132.0	98.7	92.5	52.2
Other Income	0.7	14.5	3.8	5.0	0.0
Other Expenses	0.6	4.1	3.7	2.9	0.0
Other Profit	0.2	10.4	0.1	2.1	112.1
Profit Before Tax	155.8	142.4	98.8	94.6	164.3
Current Income Tax Expense	34.4	31.7	24.4	21.3	-35.0
Deferred Income Tax Expense	0.0	-0.1	-1.2	-0.0	0.0
Net Income	121.4	110.8	75.6	73.3	129.3
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	121.4	110.8	75.6	73.3	129.3
Earnings per Share VND per share	1,144.00	1,125.00	706.00	693.00	1,591.00
Diluted EPS VND per share	1,519.81	1,387.76	946.57	918.38	1,619.02

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,145.5	1,085.8	942.1	753.7	763.5
I. Cash and cash equivalents	986.4	890.6	740.6	531.0	566.3
1. Cash	101.4	100.6	60.6	41.0	0.0
2. Cash equivalents	885.0	790.0	680.0	490.0	0.0
II. Short-term financial investments	—	0.0	0.0	0.0	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	—	0.0	0.0	0.0	0.0
III. Short-term receivables	76.7	101.9	108.6	112.5	107.2
1. Short-term trade accounts receivable	52.3	66.6	82.4	92.1	0.0
2. Short-term prepayments to suppliers	2.7	5.5	2.3	0.7	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	22.0	29.9	24.0	19.8	0.0
7. Provision for short-term doubtful debts (*)	-0.4	-0.1	-0.1	-0.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	81.1	91.8	91.8	101.5	85.2
1. Inventories	81.1	91.8	91.8	101.5	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	1.2	1.5	1.0	8.7	4.7
1. Short-term prepayments	1.2	1.4	1.0	1.1	0.0
2. Value added tax to be reclaimed	—	0.2	0.0	7.6	0.0
3. Taxes and other receivables from state authorities	0.0	0.0	0.0	0.0	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)	411.4	530.1	701.7	938.7	1,046.0
I. Long-term receivables	0.1	0.3	0.2	0.2	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.2
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	0.1	0.3	0.2	0.2	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	389.8	508.3	679.4	911.6	977.6
1. Tangible fixed assets	368.9	486.8	657.3	888.9	954.3
- Cost	4,275.0	4,271.3	4,271.4	4,270.0	0.0
- Accumulated depreciation	-3,906.1	-3,784.5	-3,614.1	-3,381.1	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	20.9	21.5	22.1	22.7	23.3
- Cost	28.3	28.3	28.3	28.3	0.0
- Accumulated depreciation	-7.4	-6.7	-6.1	-5.5	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	40.8
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	10.8	10.7	11.5	17.4	17.6
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	0.0	0.0
3. Investments in other entities	64.5	64.5	64.5	64.5	0.0
4. Provision for diminution in value of long-term investments	-53.7	-53.8	-53.0	-47.1	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	10.7	10.8	10.6	9.4	0.0
1. Long-term prepayments	—	0.0	0.0	0.0	0.0
2. Deferred income tax assets	10.7	10.8	10.6	9.4	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	9.7
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)	1,556.8	1,615.8	1,643.9	1,692.5	1,809.4
A. LIABILITIES (300=210+330)	372.5	445.6	499.6	541.3	661.8
I. Short -term liabilities	293.4	300.0	282.6	253.8	415.1
1. Short-term trade accounts payable	11.1	30.7	40.8	35.6	59.1
2. Short-term advances from customers	0.1	0.1	0.1	0.1	0.1
3. Taxes and other payables to state authorities	15.9	11.2	16.5	10.3	0.0
4. Payable to employees	88.0	80.8	48.2	41.0	0.0
5. Short-term acrrued expenses	6.0	4.4	4.1	4.1	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	1.1	0.0
9. Other short-term payables	37.8	33.8	33.1	34.5	0.0
10. Short-term borrowings and financial leases	67.8	71.4	77.6	80.9	96.8
11. Provision for short-term liabilities	47.5	51.2	41.5	33.5	0.0
12.. Bonus and welfare fund	19.2	16.4	20.8	12.8	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	79.2	145.6	216.9	287.5	246.6
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	0.0	0.0	0.0	0.0
7. Other long-term liabilities	—	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	79.2	145.6	216.9	287.5	246.6
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)	1,184.3	1,170.2	1,144.3	1,151.2	1,147.7
I. Owner's equity	1,184.3	1,170.2	1,144.3	1,151.2	0.0
1. Owner's capital	798.7	798.7	798.7	798.7	1,147.7
- Common stock with voting right VND per share	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	0.1	0.1	0.1	0.1	-0.2
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
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	213.5	213.5	213.5	213.5	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	172.0	157.9	132.0	138.9	147.3
- Accumulated retained earning at the end of the previous period	50.6	47.1	56.4	65.6	18.0
- Undistributed earnings in this period	121.4	110.8	75.6	73.3	129.3
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)	1,556.8	1,615.8	1,643.9	1,692.5	1,809.4

Item	2025	2024	2023	2022	2021
Profit Before Tax	155.8	142.4	98.8	94.6	164.3
Depreciation of Fixed Assets and Investment Property	123.2	171.8	234.6	258.7	245.4
Provision (Increase)/Reversal	83.7	75.6	88.6	62.7	0.0
FX Gain/Loss from Revaluation of Monetary Items	1.4	3.1	2.8	4.9	0.0
Gain/Loss from Investment Activities	-33.7	-21.4	-30.1	-15.3	0.0
Interest Expense	11.3	16.4	24.7	26.1	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	—	-0.7	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	341.8	387.2	419.5	431.7	390.4
Increase/(Decrease) in Receivables	25.3	6.4	12.5	-22.6	0.0
Increase/(Decrease) in Inventory	10.7	0.1	9.6	-16.2	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-92.3	-42.5	-65.2	-153.1	0.0
Increase/(Decrease) in Prepaid Expenses	0.2	-0.3	0.1	0.8	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-11.6	-17.1	-25.0	-26.2	0.0
Corporate Income Tax Paid	-31.2	-35.4	-17.3	-27.1	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-24.6	-25.4	-10.7	-13.2	0.0
Net Cash Flow from Operating Activities	218.2	273.0	323.5	174.0	235.6
Payments for Fixed Assets and Other Long-term Assets	-4.7	0.0	-2.3	-192.7	-0.9
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.3	0.0	0.4	0.0	106.8
Loans and Purchases of Debt Instruments	—	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	0.0	0.0	0.0	0.0
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	33.4	21.4	28.7	15.3	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	28.9	21.4	26.7	-177.4	118.3
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	0.00	11,918,826,733.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	—	0.0	0.0	153.6	13.9
Repayment of Borrowings	-71.4	-80.7	-76.6	-133.4	-86.9
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-79.8	-63.9	-64.0	-63.9	-63.0
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	-151.2	-144.5	-140.6	-31.8	-135.9
Net Cash Flow During the Period	95.9	149.8	209.6	-35.2	73.7
Cash and Cash Equivalents at Beginning of Period	890.6	740.6	531.0	566.3	348.4
FX Difference from Revaluation	-0.0	0.1	-0.0	-0.1	-0.0
Cash and Cash Equivalents at End of Period	986.4	890.6	740.6	531.0	566.3

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	329.0	272.4	287.0	299.0	258.9	285.0	294.1	297.3	259.2	268.2	291.4	249.2
Revenue Deductions	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	329.0	272.4	287.0	299.0	258.9	285.0	294.1	297.3	259.2	268.2	291.4	249.2
Cost of Goods Sold	237.3	201.7	211.4	211.7	198.9	232.1	230.7	231.9	196.8	204.0	209.2	203.8
Gross Profit	91.7	70.7	75.7	87.4	60.1	52.9	63.4	65.4	62.4	64.1	82.2	45.4
Financial Income	6.6	10.5	12.6	5.5	8.7	7.9	8.7	6.7	4.1	3.8	7.1	7.2
Financial Expenses	2.2	2.3	2.6	3.1	3.9	3.8	12.0	4.1	6.3	7.8	5.7	9.7
Interest Expense	2.0	2.2	2.5	2.7	2.9	3.2	3.6	3.9	4.2	4.7	5.4	6.1
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	0.2	0.2
General and Administrative Expenses	39.8	39.5	35.7	53.8	31.8	32.1	32.0	38.7	28.3	25.1	29.1	24.6
Operating Profit	56.4	39.5	50.0	35.9	33.1	24.9	28.0	29.3	31.8	35.0	54.4	18.2
Other Income	6.4	0.2	0.1	0.3	0.1	0.2	14.0	0.2	0.1	0.2	2.1	0.8
Other Expenses	0.1	0.0	0.2	0.0	0.2	0.2	0.0	3.8	0.3	0.0	3.0	0.1
Other Profit	6.3	0.2	-0.1	0.3	-0.1	0.1	14.0	-3.7	-0.1	0.2	-0.9	0.7
Profit Before Tax	62.7	39.7	50.0	36.2	33.0	25.0	42.0	25.6	31.7	35.2	53.4	18.9
Current Income Tax Expense	18.0	9.2	11.0	8.1	7.3	5.7	9.1	6.2	7.1	7.9	11.6	4.3
Deferred Income Tax Expense	-4.4	—	0.0	-0.0	—	—	0.0	0.0	-0.0	-0.2	0.0	0.0
Net Income	49.1	30.4	39.0	28.1	25.7	19.3	32.9	19.4	24.6	27.5	41.8	14.5
Non-controlling Interest	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	49.1	30.4	39.0	28.1	25.7	19.3	32.9	19.4	24.6	27.5	41.8	14.5
Earnings per Share VND per share	467.00	289.00	367.00	265.00	242.00	241.00	149.00	46.00	176.00	284.00	460.00	119.00
Diluted EPS VND per share	615.07	380.99	488.31	351.63	321.54	241.45	411.91	243.16	307.82	344.03	523.24	182.05

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)	1,151.7	1,182.8	1,145.5	1,114.5	1,062.0	1,073.4	1,085.7	1,055.5	963.6	962.9	942.1	902.8
I. Cash and cash equivalents	529.1	681.9	986.4	946.2	884.4	890.3	890.6	848.4	788.9	780.2	740.6	697.5
1. Cash	91.1	109.9	101.4	71.2	89.4	65.3	100.6	43.4	93.9	70.2	60.6	72.5
2. Cash equivalents	438.0	572.0	885.0	875.0	795.0	825.0	790.0	805.0	695.0	710.0	680.0	625.0
II. Short-term financial investments	430.0	300.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	430.0	300.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	104.0	94.9	76.7	78.0	83.7	99.8	101.9	114.9	83.6	92.7	108.6	112.9
1. Short-term trade accounts receivable	79.7	60.3	52.3	51.3	52.6	63.6	66.6	77.4	50.8	63.4	82.4	82.9
2. Short-term prepayments to suppliers	4.6	2.5	2.7	2.8	5.3	4.0	5.5	10.0	8.9	1.5	2.3	5.5
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	20.0	32.5	22.0	24.0	25.9	32.4	29.9	27.6	24.0	28.0	24.0	24.7
7. Provision for short-term doubtful debts (*)	-0.4	-0.4	-0.4	-0.2	-0.2	-0.2	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	87.3	105.9	81.1	90.2	92.7	83.2	91.8	91.2	90.0	88.9	91.8	91.3
1. Inventories	87.3	105.9	81.1	90.2	92.7	83.2	91.8	91.2	90.0	88.9	91.8	91.3
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	1.3	0.1	1.2	0.2	1.2	0.1	1.5	1.1	1.1	1.1	1.0	1.0
1. Short-term prepayments	1.3	0.1	1.2	0.2	1.2	0.1	1.4	1.1	1.1	1.1	1.0	1.0
2. Value added tax to be reclaimed	—	—	—	—	—	—	0.2	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	—	0.0	0.0	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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)	378.1	392.1	411.4	433.8	453.5	487.2	530.1	601.1	634.4	667.8	701.7	747.6
I. Long-term receivables	0.1	0.1	0.1	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0.2
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	0.1	0.1	0.1	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0.2
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	351.9	370.5	389.8	412.0	431.7	465.5	508.3	579.3	612.7	646.1	679.4	725.3
1. Tangible fixed assets	331.4	349.8	368.9	390.9	410.5	444.1	486.8	557.7	590.9	624.1	657.3	703.1
- Cost	4,274.8	4,275.0	—	—	—	—	4,271.3	4,271.3	4,271.3	4,271.4	4,271.4	4,271.5
- Accumulated depreciation	-3,943.4	-3,925.2	—	—	—	—	-3,784.5	-3,713.6	-3,680.4	-3,647.3	-3,614.1	-3,568.5
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	20.6	20.7	20.9	21.0	21.2	21.4	21.5	21.7	21.8	22.0	22.1	22.3
- Cost	28.3	28.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-7.7	-7.5	—	—	—	—	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	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	0.0
V. Long-term financial investments	10.8	10.8	10.8	10.7	10.7	10.7	10.7	10.7	10.7	10.7	11.5	11.5
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Investments in other entities	64.5	64.5	64.5	64.5	64.5	64.5	64.5	64.5	64.5	64.5	64.5	64.5
4. Provision for diminution in value of long-term investments	-53.7	-53.7	-53.7	-53.8	-53.8	-53.8	-53.8	-53.8	-53.8	-53.8	-53.0	-53.0
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	15.3	10.7	10.7	10.8	10.8	10.8	10.8	10.8	10.8	10.8	10.6	10.6
1. Long-term prepayments	0.1	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Deferred income tax assets	15.2	10.7	10.7	10.8	10.8	10.8	10.8	10.8	10.8	10.8	10.6	10.6
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)	1,529.8	1,574.9	1,556.8	1,548.3	1,515.5	1,560.6	1,615.8	1,656.5	1,598.0	1,630.7	1,643.9	1,650.4
A. LIABILITIES (300=210+330)	383.0	360.2	376.7	407.1	407.6	371.1	447.1	520.7	485.9	458.9	499.0	547.4
I. Short -term liabilities	321.3	292.1	297.5	316.8	298.5	243.9	301.4	358.0	303.2	258.9	282.1	311.9
1. Short-term trade accounts payable	18.8	41.7	11.1	12.5	21.2	20.8	30.5	34.4	34.6	39.4	40.8	35.0
2. Short-term advances from customers	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
3. Dividends and profits payable	1.5	1.3	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	26.1	10.8	14.8	20.9	23.2	9.0	10.8	21.9	12.2	12.9	16.0	26.1
4. Payable to employees	84.4	52.4	93.2	80.6	38.9	26.5	80.8	80.4	43.7	21.9	48.2	41.0
5. Short-term acrrued expenses	41.4	28.0	6.0	22.5	15.1	13.7	9.4	33.7	13.4	9.5	4.1	13.1
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	32.2	51.6	37.8	34.9	41.5	34.2	33.8	30.5	34.7	35.0	33.1	27.7
10. Short-term borrowings and financial leases	34.7	43.9	67.8	67.6	59.4	60.5	71.4	66.0	63.5	70.7	77.6	73.3
11. Provision for short-term liabilities	42.8	47.5	47.5	46.8	63.6	68.1	48.2	64.5	70.2	56.8	41.5	71.5
12.. Bonus and welfare fund	39.3	14.7	19.2	30.9	35.6	11.0	16.4	26.5	30.7	12.4	20.8	24.2
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	61.7	68.0	79.2	90.4	109.1	127.3	145.6	162.7	182.8	200.1	216.9	235.5
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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	61.7	68.0	79.2	90.4	109.1	127.3	145.6	162.7	182.8	200.1	216.9	235.5
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)	1,146.8	1,214.7	1,180.1	1,141.1	1,107.9	1,189.5	1,168.8	1,135.9	1,112.1	1,171.7	1,144.8	1,103.0
I. Owner's equity	1,146.8	1,214.7	1,180.1	1,141.1	1,107.9	1,189.5	1,168.8	1,135.9	1,112.1	1,171.7	1,144.8	1,103.0
1. Owner's capital	798.7	798.7	798.7	798.7	798.7	798.7	798.7	798.7	798.7	798.7	798.7	798.7
- Common stock with voting right VND per share	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00	798,666,660,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	213.5	213.5	213.5	213.5	213.5	213.5	213.5	213.5	213.5	213.5	213.5	213.5
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	134.5	202.4	167.9	128.9	95.6	177.2	156.5	123.6	99.8	159.5	132.5	90.8
- Accumulated retained earning at the end of the previous period	55.0	172.0	50.6	50.6	50.6	157.9	47.1	47.1	47.1	132.0	56.4	56.4
- Undistributed earnings in this period	79.6	30.4	117.2	78.2	45.0	19.3	109.4	76.5	52.7	27.5	76.2	34.4
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)	1,529.8	1,574.9	1,556.8	1,548.3	1,515.5	1,560.6	1,615.8	1,656.5	1,598.0	1,630.7	1,643.9	1,650.4

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	62.7	39.7	55.2	36.2	39.5	25.0	42.0	25.6	37.8	35.2	53.4	18.9
Depreciation of Fixed Assets and Investment Property	18.6	19.3	22.2	22.3	36.0	42.9	71.0	33.4	33.4	33.4	46.3	56.4
Provision (Increase)/Reversal	-0.0	—	14.7	16.3	23.1	29.6	9.1	18.0	18.5	27.0	14.0	18.4
FX Gain/Loss from Revaluation of Monetary Items	0.0	-0.2	0.0	0.3	0.7	0.4	2.2	-2.2	1.0	2.1	-0.4	3.3
Gain/Loss from Investment Activities	-6.4	-9.9	-12.2	-5.4	-8.5	-7.6	-8.2	-3.9	-5.8	-3.5	-6.5	-23.5
Interest Expense	2.0	2.2	2.5	2.7	2.9	3.2	3.6	3.9	4.2	4.7	5.4	36.0
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	-13.2
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	76.8	51.1	82.4	72.3	93.6	93.5	119.7	74.8	89.1	98.8	112.1	96.2
Increase/(Decrease) in Receivables	-7.2	-9.2	-35.3	42.4	15.1	3.1	34.1	2.6	-3.9	29.0	-28.3	15.1
Increase/(Decrease) in Inventory	18.6	-24.7	9.1	2.5	-9.5	8.6	-0.6	-1.1	-1.2	3.0	-0.5	0.9
Increase/(Decrease) in Payables (Excl. Interest and CIT)	0.6	19.5	12.7	-32.8	-4.7	-67.4	-76.9	3.8	23.8	-43.9	-12.0	-21.0
Increase/(Decrease) in Prepaid Expenses	-1.3	1.1	-1.0	1.0	-1.1	1.3	-0.2	-0.0	-0.0	-0.0	-0.0	0.1
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-2.3	-2.1	-2.5	-2.7	-2.9	-3.3	-3.7	-4.2	-4.2	-5.0	-5.2	-6.4
Corporate Income Tax Paid	-7.3	-11.7	-14.3	-8.3	-0.2	-8.5	-14.5	-2.2	-7.1	-11.6	-9.1	-2.3
Other Operating Receipts	—	—	—	—	—	—	15.3	-15.3	0.0	0.0	0.0	0.0
Other Operating Payments	-3.9	-3.3	-11.9	-4.6	-2.8	-5.3	-25.4	11.1	-2.7	-8.4	-4.9	-1.7
Net Cash Flow from Operating Activities	74.0	20.6	39.1	69.7	87.5	21.8	47.8	69.5	93.9	61.8	52.1	80.8
Payments for Fixed Assets and Other Long-term Assets	—	—	0.0	-2.5	-2.3	—	0.0	0.0	0.0	0.0	-0.4	0.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	0.0	0.3	—	—	0.0	0.0	0.0	0.0	0.2	0.0
Loans and Purchases of Debt Instruments	-130.0	-300.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	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	6.4	9.9	12.2	5.2	8.5	7.6	8.2	5.3	4.3	3.5	5.3	6.9
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	-123.6	-290.1	12.2	3.0	6.3	7.6	8.2	5.3	4.3	3.5	5.1	6.9
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	-15.6	-35.0	-10.8	-10.8	-20.1	-29.7	-13.9	-15.2	-25.8	-25.8	-14.1	-18.1
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-87.7	-0.0	-0.0	-0.1	-79.6	-0.0	-0.1	-0.0	-63.8	-0.0	-0.0	-0.3
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	-103.2	-35.0	-10.9	-11.0	-99.6	-29.7	-13.9	-15.3	-89.5	-25.8	-14.1	-18.4
Net Cash Flow During the Period	-152.8	-304.6	40.4	61.7	-5.9	-0.3	42.1	59.5	8.7	39.5	43.1	69.3
Cash and Cash Equivalents at Beginning of Period	681.9	986.4	946.2	884.4	890.3	890.6	740.6	740.6	740.6	740.6	531.0	531.0
FX Difference from Revaluation	-0.0	0.1	-0.0	0.1	0.1	0.0	0.1	-0.1	0.0	0.1	-0.0	0.0
Cash and Cash Equivalents at End of Period	529.1	681.9	986.4	946.2	884.4	890.3	890.6	848.4	788.9	780.2	740.6	697.5

From one stock to the whole portfolio

Where does this stock stand
among the rest of your investments?

Each stock is only one part of the wider picture. Looking at investments side by side makes their contribution, risks and opportunities across the portfolio clearer.

How much does this stock
contribute to the portfolio?

Its weight and influence across the assets held for investment.

Is the portfolio
well balanced?

How holdings, sectors and asset groups are distributed in relation to overall risk.

What other opportunities
or risks may be present?

What becomes visible only when investments are viewed together rather than one ticker at a time.

View my portfolio

Where does this stock standamong the rest of your investments?

How much does this stockcontribute to the portfolio?

Is the portfoliowell balanced?

What other opportunitiesor risks may be present?

Where does this stock stand
among the rest of your investments?

How much does this stock
contribute to the portfolio?

Is the portfolio
well balanced?

What other opportunities
or risks may be present?