CTG

Listed Company · HOSE

Price

33,800

Latest close

03 Apr 2026

P/E —

EPS (TTM) 0

ROE (TTM) —

P/B —

BVPS (Latest) —

ROA (TTM) —

What Is Changing

CTG is entering a phase where earnings quality matters more than pure top-line recovery. The next question is whether current profit momentum can hold through the next cycle.

Quarterly Net Income increased 30.3% QoQ to VND 11,093.6bn in 2025Q4.

Metric	2025
Revenue	66,453.2
Growth	—
Net Income	34,857.4
Net Margin	52.45%

Metric	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	17,959.7	17,175.7	15,842.6	15,475.2
Growth	+5%	+8%	+2%	—
Net Income	11,093.6	8,512.5	9,752.0	5,499.4
Net Margin	61.77%	49.56%	61.56%	35.54%

Financial Statements

Profitability

Net margin reached 52.45% and still needs validation through the next few periods.

Balance Sheet

Inventory stood at 0.0bn, liabilities at 2,588,058.1bn, and equity at 179,641.2bn.

Cash Flow

Compare operating cash flow against investment needs to judge growth quality.

None

Item	2025
Revenue	143,142.3
Revenue Deductions	76,689.1
Net Revenue	66,453.2
Cost of Goods Sold	0.0
Gross Profit	0.0
Financial Income	0.0
Financial Expenses	0.0
Interest Expense	0.0
Share of Associates and Joint Ventures	0.0
Selling Expenses	0.0
General and Administrative Expenses	26,550.8
Operating Profit	60,744.0
Other Income	11,772.8
Other Expenses	1,677.4
Other Profit	10,095.4
Profit Before Tax	43,446.0
Current Income Tax Expense	8,584.6
Deferred Income Tax Expense	3.9
Net Income	34,857.4
Non-controlling Interest	266.8
Profit Attributable to Parent	34,590.7
Earnings per Share	0.00
Diluted EPS	0.00

Item	2025
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	0.0
I. Cash and cash equivalents	0.0
1. Cash	0.0
2. Cash equivalents	0.0
II. Short-term financial investments	0.0
1. Available for sale securities	3,044.2
2. Provision for diminution in value of available for sale securities (*)	-101.7
3. Held to maturity investments	0.0
III. Short-term receivables	0.0
1. Short-term trade accounts receivable	0.0
2. Short-term prepayments to suppliers	0.0
3. Short-term inter-company receivables	0.0
4. Construction contract progress receipts due from customers	0.0
5. Short-term loan receivables	0.0
6. Other short-term receivables	0.0
7. Provision for short-term doubtful debts (*)	0.0
8. Assets awaiting resolution	0.0
IV. Inventories	0.0
1. Inventories	0.0
2. Provision for decline in value of inventories	0.0
V. Other short-term assets	0.0
1. Short-term prepayments	0.0
2. Value added tax to be reclaimed	0.0
3. Taxes and other receivables from state authorities	0.0
4. Government bonds	0.0
5. Other short-term assets	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	0.0
I. Long-term receivables	0.0
1. Long-term trade receivables	0.0
2. Long-term prepayments to suppliers	0.0
3. Capital at inter-company	0.0
4. Long-term inter-company receivables	0.0
5. Long-term loan receivables	0.0
6. Other long-term receivables	0.0
7. Provision for long-term doubtful debts	0.0
II. Fixed assets	10,826.7
1. Tangible fixed assets	6,729.0
- Cost	18,510.9
- Accumulated depreciation	-11,781.9
2. Financial leased fixed assets	0.0
- Cost	0.0
- Accumulated depreciation	0.0
3. Intangible fixed assets	4,097.7
- Cost	7,363.9
- Accumulated depreciation	-3,266.1
III. Investment properties	0.0
- Cost	0.0
- Accumulated depreciation	0.0
IV. Long-term assets in progress	0.0
1. Long-term production in progress	0.0
2. Construction in progress	0.0
V. Long-term financial investments	4,428.3
1. Investments in subsidiaries	0.0
2. Investments in associates, joint-ventures	4,193.8
3. Investments in other entities	0.0
4. Provision for diminution in value of long-term investments	0.0
5. Held to maturity investments	0.0
6. Other long-term investments	234.5
VI. Other long-term assets	55,633.9
1. Long-term prepayments	0.0
2. Deferred income tax assets	0.4
3. Long-term equipment, supplies, spare parts	0.0
4. Other long-term assets	5,262.4
5. Goodwill	0.0
VII. Goodwill (before 2015)	0.0
TOTAL ASSETS (280=100+200)	2,767,699.3
A. LIABILITIES (300=210+330)	2,588,058.1
I. Short -term liabilities	0.0
1. Short-term trade accounts payable	0.0
2. Short-term advances from customers	0.0
3. Taxes and other payables to state authorities	0.0
4. Payable to employees	0.0
5. Short-term acrrued expenses	0.0
6. Short-term inter-company payables	0.0
7. Construction contract progress payments due to suppliers	0.0
8. Short-term unearned revenue	0.0
9. Other short-term payables	0.0
10. Short-term borrowings and financial leases	0.0
11. Provision for short-term liabilities	0.0
12.. Bonus and welfare fund	0.0
13. Price stabilization fund	0.0
14. Government bonds	0.0
II. Long-term liabilities	0.0
1. Long-term trade payables	0.0
2. Long-term advances from customers	0.0
3. Long-term acrrued expenses	0.0
4. Inter-company payables on business capital	0.0
5. Long-term inter-company payables	0.0
6. Long-term unearned revenue	0.0
7. Other long-term liabilities	26,359.8
8. Long-term borrowings and financial leases	0.0
9. Convertible bonds	0.0
10. Preferred stock (Debts)	0.0
11. Deferred income tax liabilities	0.0
12. Provision for long-term liabilities	0.0
13. Fund for technology development	0.0
14. Provision for severance allowances	0.0
B. OWNER'S EQUITY (400=410+430)	179,641.2
I. Owner's equity	88,218.7
1. Owner's capital	77,669.4
- Common stock with voting right	0.0
- Preferred stock	0.0
2. Share premium	8,974.7
3. Convertible bond option	0.0
4. Other capital of owners	1,574.6
5. Treasury shares	0.0
6. Assets revaluation differences	0.0
7. Foreign exchange differences	362.7
8. Investment and development fund	0.0
9. Fund to support corporate restructuring	0.0
10. Other funds from owner's equity	0.0
11. Undistributed earnings after tax	58,201.6
- Accumulated retained earning at the end of the previous period	0.0
- Undistributed earnings in this period	0.0
12. Reserves for investment in construction	0.0
13. Minority's interest	1,206.4
14. Financial reserves	0.0
II. Other resources and funds	0.0
1. Subsidized not-for-profit funds	0.0
2. Funds invested in fixed assets	0.0
C. MINORITY'S INTEREST	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	2,767,699.3

Item	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	38,592.0	36,989.7	34,876.4	32,684.2
Revenue Deductions	20,632.3	19,814.0	19,033.8	17,209.0
Net Revenue	17,959.7	17,175.7	15,842.6	15,475.2
Cost of Goods Sold	0.0	0.0	0.0	0.0
Gross Profit	0.0	0.0	0.0	0.0
Financial Income	0.0	0.0	0.0	0.0
Financial Expenses	0.0	0.0	0.0	0.0
Interest Expense	0.0	0.0	0.0	0.0
Share of Associates and Joint Ventures	0.0	0.0	0.0	0.0
Selling Expenses	0.0	0.0	0.0	0.0
General and Administrative Expenses	9,162.5	6,021.9	5,847.2	5,519.2
Operating Profit	14,262.1	16,477.8	15,069.9	14,934.2
Other Income	3,696.4	3,289.6	2,545.6	2,241.2
Other Expenses	608.2	458.2	372.2	238.9
Other Profit	3,088.2	2,831.5	2,173.4	2,002.3
Profit Before Tax	13,911.2	10,614.4	12,097.2	6,823.2
Current Income Tax Expense	2,818.0	2,101.9	2,345.1	1,319.5
Deferred Income Tax Expense	-0.4	0.0	0.0	4.3
Net Income	11,093.6	8,512.5	9,752.0	5,499.4
Non-controlling Interest	40.5	63.7	82.1	80.5
Profit Attributable to Parent	11,053.1	8,448.8	9,669.9	5,418.9
Earnings per Share	0.00	0.00	0.00	0.00
Diluted EPS	0.00	0.00	0.00	0.00

Item	Q4'25	Q3'25	Q2'25	Q1'25
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	0.0	0.0	0.0	0.0
I. Cash and cash equivalents	0.0	0.0	0.0	0.0
1. Cash	0.0	0.0	0.0	0.0
2. Cash equivalents	0.0	0.0	0.0	0.0
II. Short-term financial investments	0.0	0.0	0.0	0.0
1. Available for sale securities	3,044.2	2,727.7	2,326.5	3,211.5
2. Provision for diminution in value of available for sale securities (*)	-101.7	-103.0	-117.3	-144.5
3. Held to maturity investments	0.0	0.0	0.0	0.0
III. Short-term receivables	0.0	0.0	0.0	0.0
1. Short-term trade accounts receivable	0.0	0.0	0.0	0.0
2. Short-term prepayments to suppliers	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
7. Provision for short-term doubtful debts (*)	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
1. Short-term prepayments	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	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)	0.0	0.0	0.0	0.0
I. Long-term receivables	0.0	0.0	0.0	0.0
1. Long-term trade receivables	0.0	0.0	0.0	0.0
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	0.0	0.0	0.0	0.0
7. Provision for long-term doubtful debts	0.0	0.0	0.0	0.0
II. Fixed assets	10,826.7	9,979.2	9,957.2	9,800.7
1. Tangible fixed assets	6,729.0	6,091.2	6,117.4	5,998.7
- Cost	18,510.9	17,721.9	17,566.3	17,284.1
- Accumulated depreciation	-11,781.9	-11,630.7	-11,448.9	-11,285.4
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	4,097.7	3,888.0	3,839.8	3,802.0
- Cost	7,363.9	7,100.3	7,014.8	6,934.2
- Accumulated depreciation	-3,266.1	-3,212.3	-3,175.0	-3,132.3
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	4,428.3	4,385.5	4,231.2	4,071.1
1. Investments in subsidiaries	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	4,193.8	4,158.4	4,004.0	3,844.0
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	-7.3	-7.3	-7.3
5. Held to maturity investments	0.0	0.0	0.0	0.0
6. Other long-term investments	234.5	234.5	234.5	234.5
VI. Other long-term assets	55,633.9	47,814.3	45,732.8	44,224.2
1. Long-term prepayments	0.0	0.0	0.0	0.0
2. Deferred income tax assets	0.4	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	5,262.4	3,469.6	3,582.8	3,565.7
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)	2,767,699.3	2,761,550.9	2,609,788.0	2,469,863.4
A. LIABILITIES (300=210+330)	2,588,058.1	2,591,669.9	2,445,961.8	2,315,881.2
I. Short -term liabilities	0.0	0.0	0.0	0.0
1. Short-term trade accounts payable	0.0	0.0	0.0	0.0
2. Short-term advances from customers	0.0	0.0	0.0	0.0
3. Taxes and other payables to state authorities	0.0	0.0	0.0	0.0
4. Payable to employees	0.0	0.0	0.0	0.0
5. Short-term acrrued expenses	0.0	0.0	0.0	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	0.0	0.0	0.0	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	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
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	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	26,359.8	22,653.7	21,465.3	16,430.7
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)	0.0	0.0	0.0	0.0
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)	179,641.2	169,881.0	163,826.2	153,982.2
I. Owner's equity	88,218.7	64,249.1	64,067.7	63,584.0
1. Owner's capital	77,669.4	53,699.9	53,699.9	53,699.9
- Common stock with voting right	0.0	0.0	0.0	0.0
- Preferred stock	0.0	0.0	0.0	0.0
2. Share premium	8,974.7	8,974.7	8,974.7	8,974.7
3. Convertible bond option	0.0	0.0	0.0	0.0
4. Other capital of owners	1,574.6	1,574.6	1,393.2	909.4
5. Treasury shares	0.0	0.0	0.0	0.0
6. Assets revaluation differences	0.0	0.0	0.0	0.0
7. Foreign exchange differences	362.7	410.7	409.4	229.7
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	58,201.6	78,693.6	72,903.2	63,803.2
- Accumulated retained earning at the end of the previous period	0.0	0.0	0.0	0.0
- Undistributed earnings in this period	0.0	0.0	0.0	0.0
12. Reserves for investment in construction	0.0	0.0	0.0	0.0
13. Minority's interest	1,206.4	1,166.0	1,102.3	1,051.2
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)	2,767,699.3	2,761,550.9	2,609,788.0	2,469,863.4

Item	Q4'25	Q3'25	Q2'25	Q1'25
Profit Before Tax	0.0	0.0	0.0	0.0
Depreciation of Fixed Assets and Investment Property	0.0	0.0	0.0	0.0
Provision (Increase)/Reversal	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
Increase/(Decrease) in Receivables	0.0	0.0	0.0	0.0
Increase/(Decrease) in Inventory	0.0	0.0	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	0.0	0.0	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	0.0	0.0	0.0	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	-26.5	-3,095.0	-1,086.6	-3,339.3
Other Operating Receipts	0.0	0.0	0.0	0.0
Other Operating Payments	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	-2,378.8	66,767.2	27,016.6	-8,760.9
Payments for Fixed Assets and Other Long-term Assets	-787.8	-589.2	-402.6	-225.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	8.7	4.6	7.3	1.7
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	21.3	12.3	37.5	0.2
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	-760.5	-572.8	-358.4	-223.5
Proceeds from Equity Issuance and Capital Contributions	0.0	0.0	0.0	0.0
Share Repurchases	0.0	0.0	0.0	0.0
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	0.0	0.0	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	-2,416.5	0.0	0.0	0.0
Net Cash Flow During the Period	-5,555.8	66,194.4	26,658.2	-8,984.4
Cash and Cash Equivalents at Beginning of Period	457,362.0	391,174.3	364,315.4	373,319.6
FX Difference from Revaluation	113.6	174.3	181.1	-19.7
Cash and Cash Equivalents at End of Period	451,745.5	457,362.0	391,174.3	364,315.4

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CTG

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Balance Sheet

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