Masan Group Balance Sheet

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	12,101,850	18,617,866	10,124,515	13,853,100	22,304,822
Short-Term Investments	3,977,734	19,232,296	8,250,051	355,139	365,971
Trading Asset Securities	3,824,067	-	4,183,054	3,302,172	-
Cash & Short-Term Investments	19,903,651	37,850,162	22,557,620	17,510,411	22,670,793
Cash Growth	-47.41%	67.79%	28.82%	-22.76%	174.46%
Accounts Receivable	1,188,718	1,217,797	2,274,867	2,688,447	2,446,855
Other Receivables	1,443,410	1,368,811	3,292,792	1,027,943	841,932
Receivables	2,713,278	2,667,758	5,648,809	3,716,390	5,741,599
Inventory	11,262,216	10,787,396	13,174,868	14,445,345	12,813,391
Prepaid Expenses	378,635	342,284	327,933	374,120	256,766
Other Current Assets	1,976,715	1,922,063	2,054,247	11,628,358	2,147,627
Total Current Assets	36,234,495	53,569,663	43,763,477	47,674,624	43,630,176
Property, Plant & Equipment	27,757,736	29,015,063	33,906,816	34,285,687	33,383,006
Long-Term Investments	39,473,083	35,318,781	33,219,467	31,333,885	24,538,803
Goodwill	2,967,798	3,591,237	4,379,408	5,077,881	3,369,358
Other Intangible Assets	8,788,118	9,606,300	11,559,745	12,020,521	10,692,758
Long-Term Deferred Tax Assets	520,888	687,989	676,669	302,220	609,690
Long-Term Deferred Charges	8,271,428	7,267,129	7,958,265	7,804,472	7,181,145
Other Long-Term Assets	4,949,625	8,449,356	11,919,625	2,762,375	2,607,385
Total Assets	128,963,171	147,584,718	147,383,472	141,342,815	126,093,471
Accounts Payable	8,362,579	7,171,217	6,317,999	7,489,371	7,970,287
Accrued Expenses	5,209,346	5,029,308	5,036,226	4,574,006	5,322,064
Short-Term Debt	16,149,480	23,737,664	23,034,289	19,301,177	18,698,382
Current Portion of Long-Term Debt	8,181,504	2,995,494	5,479,909	22,187,234	1,500,000
Current Portion of Leases	-	12,258	15,634	15,255	12,034
Current Income Taxes Payable	517,064	755,597	747,424	252,268	462,581
Current Unearned Revenue	26,266	23,075	67,059	15,691	14,532
Other Current Liabilities	1,811,236	18,987,562	9,723,960	11,485,875	567,956
Total Current Liabilities	40,257,475	58,712,175	50,422,500	65,320,877	34,547,836
Long-Term Debt	40,311,230	38,590,220	41,213,977	30,082,038	39,173,721
Long-Term Leases	234,964	234,965	327,917	343,587	198,197
Pension & Post-Retirement Benefits	-	-	5,009,184	4,138,629	5,708,907
Long-Term Deferred Tax Liabilities	2,364,694	2,476,497	3,406,398	3,541,671	3,215,395
Other Long-Term Liabilities	716,164	6,818,481	8,766,255	1,279,274	912,763
Total Liabilities	83,884,527	106,832,338	109,146,231	104,706,076	83,756,819
Common Stock	15,204,920	15,129,281	14,308,434	14,237,248	11,805,347
Additional Paid-In Capital	14,164,508	14,164,558	8,723,078	8,723,128	11,084,247
Retained Earnings	14,355,609	9,326,870	11,798,056	11,381,940	18,795,877
Comprehensive Income & Other	-8,376,881	-8,378,677	-8,269,988	-8,189,680	-8,874,489
Total Common Equity	35,348,156	30,242,032	26,559,580	26,152,636	32,810,982
Minority Interest	9,730,488	10,510,348	11,677,661	10,484,103	9,525,670
Shareholders' Equity	45,078,644	40,752,380	38,237,241	36,636,739	42,336,652
Total Liabilities & Equity	128,963,171	147,584,718	147,383,472	141,342,815	126,093,471
Total Debt	64,877,178	65,570,601	70,071,726	71,929,291	59,582,334
Net Cash (Debt)	-44,973,527	-27,720,439	-47,514,106	-54,418,880	-36,911,541
Net Cash Per Share	-29663.17	-18646.37	-33320.15	-38311.67	-26111.34
Filing Date Shares Outstanding	1,446	1,438	1,431	1,424	1,417
Total Common Shares Outstanding	1,446	1,438	1,431	1,424	1,417
Working Capital	-4,022,980	-5,142,512	-6,659,023	-17,646,253	9,082,340
Book Value Per Share	24446.90	21025.48	18562.18	18369.17	23161.10
Tangible Book Value	23,592,240	17,044,495	10,620,427	9,054,234	18,748,866
Tangible Book Value Per Share	16316.47	11850.02	7422.49	6359.54	13234.73
Buildings	16,640,532	16,228,659	17,413,517	16,822,833	15,982,093
Machinery	27,024,047	26,250,739	30,420,458	28,451,390	27,302,107
Construction In Progress	1,160,909	1,670,868	3,127,230	3,324,848	2,021,827
Leasehold Improvements	54,205	54,200	55,267	95,045	93,978

Source: S&P Global Market Intelligence. Standard template. Financial Sources.