The financial statements of FHS

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
Revenue	4,327.1	4,097.3	4,000.7	3,977.6
Revenue Deductions	2.0	3.8	4.0	54.0
Net Revenue	4,325.1	4,093.5	3,996.7	3,923.6
Cost of Goods Sold	3,183.7	3,049.1	3,013.6	3,003.6
Gross Profit	1,141.4	1,044.4	983.1	920.0
Financial Income	20.8	28.1	26.4	11.8
Financial Expenses	0.6	0.3	0.2	0.2
Interest Expense	—	0.0	0.0	0.0
Share of Associates and Joint Ventures	—	0.0	0.0	0.0
Selling Expenses	967.5	896.5	847.8	792.0
General and Administrative Expenses	121.2	105.1	93.4	95.0
Operating Profit	73.0	70.7	68.1	44.6
Other Income	2.2	1.9	2.9	1.3
Other Expenses	1.3	0.0	0.0	0.1
Other Profit	0.9	1.9	2.9	1.2
Profit Before Tax	73.8	72.5	70.9	45.8
Current Income Tax Expense	15.0	14.7	14.2	9.6
Deferred Income Tax Expense	-0.1	0.1	0.1	-0.4
Net Income	58.9	57.7	56.6	36.6
Non-controlling Interest	0.2	0.4	0.3	0.1
Profit Attributable to Parent	58.7	57.3	56.3	36.5
Earnings per Share VND per share	4,601.00	4,493.00	4,416.00	2,862.00
Diluted EPS VND per share	4,601.27	4,493.26	4,415.59	2,862.46

Item	2025	2024	2023	2022
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,519.2	1,424.1	1,332.3	1,226.0
I. Cash and cash equivalents	109.1	98.0	47.0	53.1
1. Cash	107.1	96.0	47.0	53.1
2. Cash equivalents	2.0	2.0	0.0	0.0
II. Short-term financial investments	401.6	375.3	435.0	348.3
1. Available for sale securities	—	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0
3. Held to maturity investments	401.6	375.3	435.0	348.3
III. Short-term receivables	134.0	138.6	149.1	123.9
1. Short-term trade accounts receivable	105.1	96.6	113.1	103.9
2. Short-term prepayments to suppliers	20.4	33.2	35.9	19.9
3. Short-term inter-company receivables	—	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0
5. Short-term loan receivables	—	0.0	0.0	0.0
6. Other short-term receivables	8.8	8.9	0.2	0.2
7. Provision for short-term doubtful debts (*)	-0.2	-0.1	-0.1	-0.1
8. Assets awaiting resolution	—	0.0	0.0	0.0
IV. Inventories	867.3	809.2	697.4	697.9
1. Inventories	867.3	809.2	697.4	697.9
2. Provision for decline in value of inventories	—	0.0	0.0	0.0
V. Other short-term assets	7.1	3.1	3.7	2.8
1. Short-term prepayments	7.1	3.1	3.7	2.8
2. Value added tax to be reclaimed	—	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	—	0.0	0.0	0.0
4. Government bonds	—	0.0	0.0	0.0
5. Other short-term assets	—	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	74.9	72.9	87.1	71.7
I. Long-term receivables	37.0	30.8	27.1	24.1
1. Long-term trade receivables	—	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0
6. Other long-term receivables	37.0	30.8	27.1	24.1
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0
II. Fixed assets	37.2	40.7	44.8	46.8
1. Tangible fixed assets	27.6	30.8	34.9	37.0
- Cost	153.2	151.8	149.7	138.6
- Accumulated depreciation	-125.6	-121.0	-114.8	-101.5
2. Financial leased fixed assets	—	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0
3. Intangible fixed assets	9.6	9.8	9.8	9.8
- Cost	13.4	13.5	13.5	13.3
- Accumulated depreciation	-3.8	-3.7	-3.6	-3.5
III. Investment properties	—	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0
IV. Long-term assets in progress	—	0.0	0.0	0.0
1. Long-term production in progress	—	0.0	0.0	0.0
2. Construction in progress	—	0.0	0.0	0.0
V. Long-term financial investments	—	0.0	13.5	0.0
1. Investments in subsidiaries	—	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	0.0
3. Investments in other entities	—	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	13.5	0.0
6. Other long-term investments	—	0.0	0.0	0.0
VI. Other long-term assets	0.7	1.4	1.8	0.8
1. Long-term prepayments	—	0.8	1.1	0.0
2. Deferred income tax assets	0.7	0.6	0.7	0.8
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0
4. Other long-term assets	—	0.0	0.0	0.0
5. Goodwill	—	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,594.1	1,497.0	1,419.4	1,297.7
A. LIABILITIES (300=210+330)	1,356.2	1,275.2	1,216.5	1,122.5
I. Short -term liabilities	1,355.4	1,274.6	1,216.0	1,122.1
1. Short-term trade accounts payable	1,187.5	1,124.5	1,081.8	1,026.9
2. Short-term advances from customers	20.3	18.5	17.6	14.8
3. Taxes and other payables to state authorities	25.7	25.0	23.5	10.2
4. Payable to employees	74.8	73.2	74.8	62.1
5. Short-term acrrued expenses	0.3	0.0	0.8	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0
8. Short-term unearned revenue	—	0.0	0.0	0.0
9. Other short-term payables	2.6	5.2	3.6	3.5
10. Short-term borrowings and financial leases	—	0.0	0.0	0.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0
12.. Bonus and welfare fund	44.2	28.2	13.9	4.6
13. Price stabilization fund	—	0.0	0.0	0.0
14. Government bonds	—	0.0	0.0	0.0
II. Long-term liabilities	0.8	0.6	0.4	0.4
1. Long-term trade payables	—	0.0	0.0	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0
6. Long-term unearned revenue	—	0.0	0.0	0.0
7. Other long-term liabilities	0.6	0.3	0.2	0.1
8. Long-term borrowings and financial leases	—	0.0	0.0	0.0
9. Convertible bonds	—	0.0	0.0	0.0
10. Preferred stock (Debts) VND per share	—	0.00	0.00	0.00
11. Deferred income tax liabilities	0.3	0.3	0.3	0.3
12. Provision for long-term liabilities	—	0.0	0.0	0.0
13. Fund for technology development	—	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	237.8	221.8	203.0	175.2
I. Owner's equity	237.8	221.8	203.0	175.2
1. Owner's capital	127.5	127.5	127.5	127.5
- Common stock with voting right VND per share	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0
5. Treasury shares VND per share	—	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0
8. Investment and development fund	56.0	39.3	23.0	14.4
9. Fund to support corporate restructuring	—	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0
11. Undistributed earnings after tax	50.6	51.5	49.8	31.2
- Accumulated retained earning at the end of the previous period	2.2	1.9	1.1	2.4
- Undistributed earnings in this period	48.5	49.6	48.7	28.8
12. Reserves for investment in construction	—	0.0	0.0	0.0
13. Minority's interest	3.7	3.5	2.7	2.1
14. Financial reserves	—	0.0	0.0	0.0
II. Other resources and funds	—	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,594.1	1,497.0	1,419.4	1,297.7

Item	2025	2024	2023	2022
Profit Before Tax	73.8	72.5	70.9	45.8
Depreciation of Fixed Assets and Investment Property	5.3	13.0	14.8	19.7
Provision (Increase)/Reversal	0.1	0.0	0.0	-0.1
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0
Gain/Loss from Investment Activities	-22.9	-28.5	-27.7	-13.1
Interest Expense	—	0.0	0.0	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	56.4	57.0	58.0	52.4
Increase/(Decrease) in Receivables	-1.7	6.7	-28.2	-10.1
Increase/(Decrease) in Inventory	-58.2	-111.7	0.5	-55.7
Increase/(Decrease) in Payables (Excl. Interest and CIT)	80.9	58.2	82.8	184.8
Increase/(Decrease) in Prepaid Expenses	-3.3	0.9	-2.0	1.7
Changes in Trading Securities	—	0.0	0.0	0.0
Interest Paid	—	0.0	0.0	0.0
Corporate Income Tax Paid	-14.9	-14.2	-3.0	-7.7
Other Operating Receipts	19.4	18.7	14.3	2.1
Other Operating Payments	-34.0	-33.0	-18.2	-0.6
Net Cash Flow from Operating Activities	44.7	-17.3	104.2	166.8
Payments for Fixed Assets and Other Long-term Assets	-1.9	-8.9	-12.8	-10.9
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	0.4
Loans and Purchases of Debt Instruments	-765.6	-568.5	-611.9	-669.3
Receipts from Loan Repayments and Sale of Debt Instruments	739.3	642.1	509.3	496.8
Investments in Other Entities	—	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0
Dividends and Interest Income Received	20.7	26.6	24.8	10.5
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-7.5	91.4	-90.5	-172.3
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	0.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00
Proceeds from Borrowings	—	0.0	1.6	0.0
Repayment of Borrowings	—	0.0	-1.6	0.0
Repayment of Finance Leases	—	0.0	0.0	0.0
Dividends Paid	-26.1	-23.1	-19.8	-7.7
Other Financing Receipts	—	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-26.1	-23.1	-19.8	-7.7
Net Cash Flow During the Period	11.1	51.0	-6.1	-13.2
Cash and Cash Equivalents at Beginning of Period	98.0	47.0	53.1	66.3
FX Difference from Revaluation	—	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	109.1	98.0	47.0	53.1

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	1,307.0	860.3	815.1	1,527.6	1,212.7	771.8	766.0	1,486.8	1,114.2	714.9	739.4	1,430.4
Revenue Deductions	0.5	0.1	0.9	0.7	0.4	0.1	5.1	0.8	1.0	0.2	0.6	-1.2
Net Revenue	1,306.6	860.2	814.2	1,526.9	1,212.3	771.7	760.8	1,485.9	1,113.2	714.6	738.9	1,431.6
Cost of Goods Sold	977.0	592.2	569.4	1,145.4	936.0	533.0	558.8	1,137.6	850.2	490.3	593.8	1,088.1
Gross Profit	329.5	268.0	244.8	381.6	276.3	238.7	202.0	348.3	262.9	224.4	145.1	343.5
Financial Income	0.2	7.8	3.2	7.2	2.9	7.5	7.5	8.2	2.4	10.3	9.3	7.1
Financial Expenses	0.1	0.1	0.4	0.1	0.1	0.1	0.1	0.0	0.1	0.0	0.0	0.0
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	278.9	227.0	204.8	321.6	236.7	204.5	172.0	299.0	225.1	195.2	129.6	297.6
General and Administrative Expenses	41.3	25.1	20.9	44.5	33.1	22.6	12.4	37.6	32.0	20.6	1.6	34.6
Operating Profit	9.4	23.7	22.0	22.6	9.4	19.0	25.1	19.9	8.1	18.8	23.2	18.4
Other Income	0.1	0.1	0.2	1.0	0.7	6.3	0.1	0.6	0.6	0.5	1.0	0.3
Other Expenses	0.0	1.1	0.0	1.2	0.0	5.8	0.0	0.0	0.0	0.0	0.0	0.0
Other Profit	0.1	-1.0	0.2	-0.2	0.7	0.6	0.1	0.6	0.6	0.5	1.0	0.3
Profit Before Tax	9.5	22.7	22.1	22.4	10.1	19.6	25.2	20.5	8.8	19.4	24.2	18.8
Current Income Tax Expense	2.3	4.6	4.3	4.7	2.1	3.9	5.3	4.0	1.8	3.9	4.8	3.5
Deferred Income Tax Expense	-0.4	-0.1	0.3	-0.2	-0.1	-0.1	0.0	0.1	-0.0	-0.0	0.2	0.2
Net Income	7.6	18.1	17.6	17.9	8.1	15.8	19.9	16.4	7.0	15.5	19.2	15.0
Non-controlling Interest	-0.3	0.1	-0.2	0.3	0.1	0.0	0.0	0.5	-0.0	0.1	0.0	0.2
Profit Attributable to Parent	7.9	18.0	17.8	17.6	8.0	15.8	19.9	15.9	7.0	15.4	19.2	14.8
Earnings per Share VND per share	618.00	1,413.00	1,395.00	1,377.00	595.00	1,237.00	1,558.59	1,243.00	552.00	1,201.00	1,504.00	1,160.00
Diluted EPS VND per share	617.83	1,412.91	1,394.52	1,376.98	629.00	1,237.22	1,558.59	1,243.03	552.04	1,210.26	1,503.94	1,159.56

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)	2,026.0	1,610.6	1,519.2	1,862.7	1,779.6	1,375.2	1,389.6	1,738.2	1,644.9	1,310.2	1,332.3	1,672.5
I. Cash and cash equivalents	125.4	45.2	109.1	108.7	115.3	44.7	90.7	111.7	57.6	34.0	47.0	65.4
1. Cash	120.4	40.2	107.1	95.7	111.3	38.7	90.7	99.7	57.6	34.0	47.0	62.4
2. Cash equivalents	5.0	5.0	2.0	13.0	4.0	6.0	0.0	12.0	0.0	0.0	0.0	3.0
II. Short-term financial investments	514.7	488.6	401.6	527.3	409.1	382.3	369.7	476.5	419.8	402.7	435.0	460.3
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	514.7	488.6	401.6	527.3	409.1	382.3	369.7	476.5	419.8	402.7	435.0	460.3
III. Short-term receivables	212.9	128.1	134.0	326.3	245.3	145.9	161.0	299.9	261.8	136.4	149.1	318.8
1. Short-term trade accounts receivable	141.0	87.1	105.1	266.1	143.2	83.6	119.1	247.8	159.8	88.9	113.1	261.6
2. Short-term prepayments to suppliers	35.1	25.2	20.4	38.0	40.3	36.7	33.1	40.5	40.4	38.2	35.9	48.7
3. Short-term inter-company receivables	33.4	12.6	—	9.9	49.5	13.7	0.0	8.2	58.6	5.6	0.0	5.7
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	3.6	3.6	8.8	12.4	12.5	12.0	8.9	3.5	3.2	3.9	0.2	3.0
7. Provision for short-term doubtful debts (*)	-0.2	-0.2	-0.2	-0.1	-0.1	-0.1	-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	1,169.7	943.1	867.3	898.8	1,006.4	800.8	765.2	848.6	902.2	735.2	697.4	826.4
1. Inventories	1,169.7	943.1	867.3	898.8	1,006.4	800.8	765.2	848.6	902.2	735.2	697.4	826.4
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	3.3	5.5	7.1	1.6	3.5	1.6	3.1	1.4	3.6	1.8	3.7	1.7
1. Short-term prepayments	3.3	5.5	7.1	1.5	3.3	1.6	3.1	1.4	3.6	1.8	3.7	1.7
2. Value added tax to be reclaimed	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	—	—	—	0.1	0.2	—	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)	78.0	74.6	74.9	73.3	66.8	65.5	66.1	75.3	79.1	78.3	87.1	72.3
I. Long-term receivables	39.1	37.1	37.0	36.0	33.2	30.9	29.9	30.9	32.0	29.1	27.1	26.0
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	39.1	37.1	37.0	36.0	33.2	30.9	29.9	30.9	32.0	29.1	27.1	26.0
7. Provision for long-term doubtful debts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	36.6	36.7	37.2	36.4	32.9	33.6	32.6	42.8	45.3	47.3	44.8	45.4
1. Tangible fixed assets	27.1	27.2	27.6	26.8	23.3	24.0	23.1	33.0	35.5	37.5	34.9	35.5
- Cost	154.6	153.9	—	—	—	—	139.3	151.1	151.4	150.3	149.7	147.0
- Accumulated depreciation	-127.5	-126.8	—	—	—	—	-116.3	-118.1	-116.0	-112.8	-114.8	-111.5
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	9.5	9.5	9.6	9.6	9.6	9.6	9.6	9.8	9.8	9.8	9.8	9.9
- Cost	13.4	13.4	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-3.8	-3.8	—	—	—	—	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	—	—	—	—	—	—	3.7	0.0	0.0	0.0	13.5	0.0
1. Investments in subsidiaries	—	—	—	—	—	—	3.7	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	—	—	—	—	—	—	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	—	—	—	—	—	—	0.0	0.0	0.0	0.0	13.5	0.0
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	2.3	0.8	0.7	1.0	0.8	0.9	0.0	1.7	1.8	1.9	1.8	0.9
1. Long-term prepayments	1.1	—	—	—	—	0.2	0.0	1.0	1.1	1.2	1.1	0.0
2. Deferred income tax assets	1.2	0.8	0.7	1.0	0.8	0.7	0.0	0.7	0.8	0.7	0.7	0.9
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)	2,104.0	1,685.2	1,594.1	1,936.1	1,846.4	1,440.7	1,455.8	1,813.5	1,724.0	1,388.5	1,419.4	1,744.8
A. LIABILITIES (300=210+330)	1,872.2	1,429.2	1,356.2	1,716.2	1,633.4	1,203.1	1,236.2	1,610.8	1,529.5	1,170.1	1,216.5	1,561.5
I. Short -term liabilities	1,871.4	1,428.3	1,355.3	1,715.7	1,632.9	1,202.5	1,235.5	1,608.8	1,527.6	1,168.6	1,215.2	1,561.1
1. Short-term trade accounts payable	1,670.1	1,299.1	1,187.5	1,494.5	1,470.6	1,104.1	1,091.5	1,386.0	1,372.2	1,067.9	1,081.8	1,334.7
2. Short-term advances from customers	39.5	20.7	20.3	20.7	35.1	19.3	17.9	19.8	30.8	21.9	17.6	17.3
3. Dividends and profits payable	1.5	0.5	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	13.7	10.1	25.6	17.5	10.9	9.8	24.3	17.6	11.5	8.9	23.5	17.7
4. Payable to employees	81.8	51.1	74.8	128.3	62.6	33.5	69.0	147.5	76.3	48.8	74.8	168.0
5. Short-term acrrued expenses	—	0.5	0.3	0.2	0.1	0.2	0.0	0.0	0.0	0.0	0.0	0.6
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	6.8	6.0	2.6	10.2	9.4	8.6	5.1	9.6	8.5	8.3	3.6	8.9
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	57.8	40.3	44.2	44.3	44.2	27.2	27.6	28.3	28.3	12.7	13.9	13.9
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	0.8	0.8	0.8	0.5	0.6	0.6	0.7	2.0	1.8	1.5	1.2	0.4
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	1.5	1.3	1.1	0.8	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	0.6	0.6	0.6	0.3	0.3	0.3	0.7	0.2	0.3	0.2	0.2	0.1
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	0.3	0.3	0.3	0.3	0.3	0.3	0.0	0.3	0.3	0.3	0.3	0.3
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)	231.8	256.0	237.9	219.9	213.0	237.6	219.6	202.7	194.6	218.5	203.0	183.3
I. Owner's equity	231.8	256.0	237.9	219.9	213.0	237.6	219.6	202.7	194.6	218.5	203.0	183.3
1. Owner's capital	127.5	127.5	127.5	127.5	127.5	127.5	127.5	127.5	127.5	127.5	127.5	127.5
- Common stock with voting right VND per share	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00	127,514,620,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	—	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	74.0	56.0	56.1	56.1	56.0	39.3	39.3	39.8	39.7	23.0	23.0	23.0
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	26.6	68.9	50.7	32.5	26.0	67.5	52.8	32.8	24.8	65.4	49.8	30.2
- Accumulated retained earning at the end of the previous period	0.8	50.9	2.2	1.8	3.1	52.1	3.8	1.8	2.4	50.1	0.7	0.7
- Undistributed earnings in this period	25.8	18.0	48.5	30.7	22.9	15.3	49.0	31.0	22.3	15.3	49.1	29.5
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	3.6	3.5	3.6	3.8	3.4	3.3	0.0	2.6	2.6	2.6	2.7	2.7
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)	2,104.0	1,685.2	1,594.1	1,936.1	1,846.4	1,440.7	1,455.8	1,813.5	1,724.0	1,388.5	1,419.4	1,744.8

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	9.5	22.7	22.1	22.4	9.7	19.6	-48.6	20.5	8.8	19.4	24.2	18.8
Depreciation of Fixed Assets and Investment Property	1.2	1.2	1.2	1.4	1.1	1.6	-9.9	3.1	3.2	3.7	4.8	3.1
Provision (Increase)/Reversal	—	—	0.1	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
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	-0.2	-7.9	-3.2	-9.2	3.5	-13.9	22.7	-8.8	-3.0	-10.9	-8.7	-7.5
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	10.5	16.0	20.2	14.6	14.3	7.4	-35.9	14.7	9.0	12.2	20.3	14.4
Increase/(Decrease) in Receivables	-66.7	22.0	179.3	-71.6	-118.4	9.0	145.9	-48.2	-116.2	18.5	162.3	-130.3
Increase/(Decrease) in Inventory	-226.6	-75.8	31.4	107.6	-205.6	8.4	151.2	53.6	-167.0	-37.8	129.0	120.2
Increase/(Decrease) in Payables (Excl. Interest and CIT)	453.0	56.6	-363.8	92.9	418.4	-66.6	-415.8	114.8	346.4	-45.4	-330.7	89.7
Increase/(Decrease) in Prepaid Expenses	-1.2	-1.6	-0.9	-3.0	2.7	-2.1	2.5	-2.6	2.0	-1.8	-0.9	-1.0
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	-0.4	-14.9	-0.2	0.0	0.2	-14.9	-0.4	0.0	0.0	-13.6	0.0	-0.0
Other Operating Receipts	0.1	0.1	—	—	—	—	20.9	-20.7	21.9	0.1	12.4	-7.9
Other Operating Payments	-35.6	3.6	-1.3	1.2	-32.7	-1.2	-90.8	-0.9	-35.5	-1.0	-27.2	26.2
Net Cash Flow from Operating Activities	133.1	6.1	-117.9	110.9	105.3	-53.7	-133.1	110.7	60.6	-68.8	-34.8	111.4
Payments for Fixed Assets and Other Long-term Assets	-1.1	-0.7	3.6	-4.8	-0.6	-0.1	6.5	-0.5	-7.0	-0.4	-3.6	-4.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	-4.5	5.0	—	0.0	0.0	0.0	0.0	-0.1	0.1
Loans and Purchases of Debt Instruments	-87.1	-400.5	-77.9	-295.2	-102.4	-290.2	451.4	-210.7	-112.1	-128.7	-133.6	-212.0
Receipts from Loan Repayments and Sale of Debt Instruments	48.0	323.5	190.6	190.0	75.6	283.2	-423.5	154.0	95.0	174.5	146.0	137.3
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	0.2	7.8	3.1	7.2	2.9	7.5	5.3	8.2	2.4	10.3	7.7	7.2
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	-40.1	-69.9	118.8	-107.3	-19.4	0.4	114.6	-49.0	-21.7	55.7	16.5	-71.5
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	-12.8	—	-0.6	-10.2	-15.3	—	0.0	-7.7	-15.3	0.0	0.0	-8.3
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	-12.8	—	-0.6	-10.2	-15.3	—	0.0	-7.7	-15.3	0.0	0.0	-8.3
Net Cash Flow During the Period	80.2	-63.9	0.3	-6.6	70.6	-53.3	-18.5	54.0	23.6	-13.0	-18.3	31.6
Cash and Cash Equivalents at Beginning of Period	45.2	109.1	108.7	115.3	44.7	98.0	44.5	47.0	47.0	47.0	53.1	53.1
FX Difference from Revaluation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	125.4	45.2	109.1	108.7	115.3	44.7	90.7	111.7	57.6	34.0	47.0	65.4

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