Sao Mai Group Balance Sheet

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	674,308	711,806	2,070,302	1,365,023	847,858	585,911
Short-Term Investments	2,821,524	2,447,177	2,063,236	980,595	946,546	1,603,260
Trading Asset Securities	3,576	3,545	5,475	5,193	4,786	1,388
Cash & Short-Term Investments	3,499,408	3,162,528	4,139,014	2,350,811	1,799,189	2,190,558
Cash Growth	2.64%	-23.59%	76.07%	30.66%	-17.87%	13.88%
Accounts Receivable	2,679,182	2,351,817	2,115,686	1,595,563	1,677,746	1,654,524
Other Receivables	102,190	337,798	77,306	78,661	80,934	81,972
Receivables	2,781,372	2,889,615	2,192,993	1,674,224	1,758,680	1,736,497
Inventory	5,002,439	4,824,597	4,336,236	4,556,409	3,188,527	2,856,256
Prepaid Expenses	13,123	12,194	11,641	3,732	6,020	5,738
Other Current Assets	3,352,343	3,237,267	2,886,646	2,504,955	2,496,209	2,489,431
Total Current Assets	14,648,684	14,126,202	13,566,530	11,090,130	9,248,627	9,278,480
Property, Plant & Equipment	6,674,739	6,559,908	6,334,430	6,166,394	6,555,621	6,332,373
Long-Term Investments	30,000	30,000	33,310	33,310	143,310	141,396
Goodwill	260,698	276,313	338,770	406,631	474,870	192,823
Other Intangible Assets	1,371,690	1,377,167	1,397,102	1,414,969	1,434,363	1,266,383
Long-Term Deferred Tax Assets	-	-	462.72	5,885	2,745	6,618
Other Long-Term Assets	1,105,085	1,106,938	1,185,451	1,190,133	1,226,810	951,041
Total Assets	24,090,896	23,476,528	22,856,056	20,307,453	19,086,345	18,169,114
Accounts Payable	761,484	749,390	464,667	520,907	732,327	963,645
Accrued Expenses	235,385	167,869	229,831	592,357	179,202	190,789
Short-Term Debt	-	6,500,713	6,220,914	6,156,255	5,826,582	4,607,937
Current Portion of Long-Term Debt	7,312,348	630,758	471,934	316,758	300,828	-
Current Portion of Leases	24,497	35,252	66,170	50,123	62,954	24,958
Current Income Taxes Payable	29,890	67,896	61,035	69,044	125,750	87,431
Current Unearned Revenue	301,682	195,657	230,492	386,228	318,211	587,478
Other Current Liabilities	733,898	504,327	85,485	112,300	51,755	69,234
Total Current Liabilities	9,399,184	8,851,860	7,830,528	8,203,973	7,597,609	6,531,471
Long-Term Debt	6,349,419	6,381,407	6,871,065	4,117,434	3,409,125	3,154,653
Long-Term Leases	10,557	10,557	45,813	141,189	220,905	117,030
Long-Term Unearned Revenue	15,725	15,397	15,580	14,446	14,978	14,649
Long-Term Deferred Tax Liabilities	-	-	2,040	2,040	2,040	1,760
Other Long-Term Liabilities	3,896	3,864	3,294	2,090	1,870	773,212
Total Liabilities	15,778,780	15,263,085	14,768,321	12,481,171	11,246,527	10,592,774
Common Stock	4,071,942	4,071,942	3,701,783	3,365,268	3,365,268	2,588,678
Additional Paid-In Capital	45,104	45,104	45,104	45,104	45,104	45,104
Retained Earnings	809,690	725,048	1,055,996	1,457,600	1,445,560	2,168,348
Comprehensive Income & Other	615,856	628,967	625,674	366,456	364,237	294,829
Total Common Equity	5,542,592	5,471,061	5,428,557	5,234,428	5,220,168	5,096,959
Minority Interest	2,769,524	2,742,382	2,659,177	2,591,855	2,619,650	2,479,381
Shareholders' Equity	8,312,115	8,213,442	8,087,735	7,826,282	7,839,818	7,576,340
Total Liabilities & Equity	24,090,896	23,476,528	22,856,056	20,307,453	19,086,345	18,169,114
Total Debt	13,696,821	13,558,685	13,675,897	10,781,759	9,820,394	7,904,578
Net Cash (Debt)	-10,197,414	-10,396,157	-9,536,883	-8,430,948	-8,021,205	-5,714,020
Net Cash Per Share	-27138.43	-27667.31	-24798.15	-20704.82	-19861.81	-12162.56
Filing Date Shares Outstanding	407.19	407.19	407.2	407.2	407.2	407.2
Total Common Shares Outstanding	407.19	407.19	407.2	407.2	407.2	407.2
Working Capital	5,249,500	5,274,342	5,736,002	2,886,158	1,651,018	2,747,009
Book Value Per Share	13611.67	13436.00	13331.56	12854.77	12819.75	12517.12
Tangible Book Value	3,910,204	3,817,581	3,692,685	3,412,828	3,310,936	3,637,753
Tangible Book Value Per Share	9602.80	9375.33	9068.57	8381.26	8131.03	8933.60
Buildings	2,739,486	2,758,912	2,111,976	1,935,285	1,916,566	1,648,158
Machinery	4,550,916	4,523,995	4,366,553	4,350,112	4,142,428	4,505,207
Construction In Progress	1,474,248	1,263,524	1,373,371	1,020,716	1,144,325	885,216

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