Model N Balance Sheet

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024
Cash & Equivalents	4,852	24,894	25,988
Short-Term Investments	130,400	149,230	81,675
Trading Asset Securities	36.22	35.28	39.51
Cash & Short-Term Investments	135,288	174,159	107,703
Cash Growth	25.61%	61.70%	-
Accounts Receivable	62,652	29,328	355,353
Other Receivables	63,205	44,669	37,221
Receivables	156,578	103,118	403,694
Inventory	19,422	5,494	195,525
Prepaid Expenses	289.75	71.64	116.56
Other Current Assets	6,685	8,517	22,072
Total Current Assets	318,262	291,359	729,110
Property, Plant & Equipment	1,465,432	1,501,200	1,201,399
Long-Term Investments	86,052	75,405	72,428
Long-Term Deferred Tax Assets	15,414	15,739	16,389
Other Long-Term Assets	56,165	56,453	212,772
Total Assets	2,086,765	2,084,402	2,232,098
Accounts Payable	19,106	35,336	80,871
Accrued Expenses	30,882	23,934	57,072
Short-Term Debt	193,334	40,242	368,073
Current Portion of Long-Term Debt	-	111,126	125,157
Current Unearned Revenue	1,909	1,909	1,646
Other Current Liabilities	31,534	71,490	6,869
Total Current Liabilities	276,764	284,037	639,688
Long-Term Debt	777,652	827,687	727,855
Long-Term Unearned Revenue	26,484	27,350	24,867
Other Long-Term Liabilities	367.91	367.91	367.91
Total Liabilities	1,081,268	1,139,441	1,392,779
Common Stock	100,000	100,000	100,000
Additional Paid-In Capital	63,003	63,003	63,003
Retained Earnings	610,029	554,398	461,782
Total Common Equity	773,033	717,402	624,786
Minority Interest	232,464	227,559	214,534
Shareholders' Equity	1,005,497	944,961	839,320
Total Liabilities & Equity	2,086,765	2,084,402	2,232,098
Total Debt	970,986	979,055	1,221,086
Net Cash (Debt)	-835,698	-804,896	-1,113,382
Net Cash Per Share	-83565.65	-80489.57	-111338.22
Filing Date Shares Outstanding	10	10	10
Total Common Shares Outstanding	10	10	10
Working Capital	41,498	7,323	89,423
Book Value Per Share	77303.29	71740.19	62454.32
Tangible Book Value	772,339	717,402	624,786
Tangible Book Value Per Share	77233.87	71740.19	62454.32
Construction In Progress	1,303	-	22.06

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