HOSE:BAF 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	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	364,481	148,912	95,165	151,374	240,885
Short-Term Investments	503,637	294,667	326,525	100,000	-
Trading Asset Securities	-	-	-	-	57,183
Cash & Short-Term Investments	868,117	443,579	421,690	251,374	298,068
Cash Growth	95.71%	5.19%	67.75%	-15.67%	250.34%
Accounts Receivable	82,986	188,713	890,460	1,313,962	2,764,760
Other Receivables	65,358	52,144	53,770	41,779	31,657
Receivables	148,519	240,932	944,229	1,357,629	2,796,417
Inventory	2,692,007	2,156,075	1,592,961	881,821	1,087,718
Prepaid Expenses	90,125	24,697	23,690	23,226	7,640
Other Current Assets	557,128	215,735	165,441	148,649	140,526
Total Current Assets	4,355,896	3,081,019	3,148,012	2,662,700	4,330,369
Property, Plant & Equipment	4,839,805	3,280,140	2,331,945	1,242,340	582,255
Long-Term Investments	-	-	-	29,506	43,634
Goodwill	2,537	2,158	2,537	2,916	4,261
Other Intangible Assets	4,078	5,724	187,221	207,117	207,117
Long-Term Deferred Tax Assets	21,947	7,912	36,127	4,775	-
Other Long-Term Assets	1,519,343	1,072,078	827,444	579,068	272,500
Total Assets	10,743,607	7,449,030	6,533,661	4,729,096	5,457,246
Accounts Payable	2,004,719	1,771,091	2,187,521	1,907,392	3,774,330
Accrued Expenses	115,091	90,937	59,852	52,491	12,227
Short-Term Debt	1,695,570	712,608	603,821	203,279	-
Current Portion of Long-Term Debt	456,082	421,752	99,842	61,122	14,553
Current Portion of Leases	26,542	4,347	-	-	-
Current Income Taxes Payable	15,319	55,627	17,304	52,973	14,358
Current Unearned Revenue	202.91	-	-	-	-
Other Current Liabilities	30,070	8,216	42,734	14,462	35,910
Total Current Liabilities	4,343,596	3,064,578	3,011,075	2,291,719	3,851,377
Long-Term Debt	2,179,012	1,427,711	1,608,568	692,905	148,527
Long-Term Leases	100,193	12,841	-	-	-
Long-Term Deferred Tax Liabilities	8,676	8,148	5,696	1,804	2,523
Other Long-Term Liabilities	74,987	-	-	-	-
Total Liabilities	6,706,465	4,513,278	4,625,339	2,986,428	4,002,428
Common Stock	3,040,216	2,390,216	1,435,200	1,435,200	780,000
Additional Paid-In Capital	356,620	-	-	-	279,845
Retained Earnings	496,511	398,258	324,867	298,655	387,323
Comprehensive Income & Other	137,649	137,649	137,649	-	-
Total Common Equity	4,030,996	2,926,124	1,897,715	1,733,855	1,447,168
Minority Interest	6,145	9,628	10,607	8,813	7,651
Shareholders' Equity	4,037,141	2,935,752	1,908,322	1,742,668	1,454,818
Total Liabilities & Equity	10,743,607	7,449,030	6,533,661	4,729,096	5,457,246
Total Debt	4,457,400	2,579,259	2,312,231	957,306	163,080
Net Cash (Debt)	-3,589,283	-2,135,679	-1,890,541	-705,931	134,988
Net Cash Growth	-	-	-	-	1179.52%
Net Cash Per Share	-15050.87	-8652.16	-11258.71	-4204.02	1043.07
Filing Date Shares Outstanding	238.44	239.02	167.92	167.92	167.92
Total Common Shares Outstanding	238.44	239.02	167.92	167.92	167.92
Working Capital	12,300	16,441	136,937	370,981	478,992
Book Value Per Share	16905.83	12242.09	11301.41	10325.58	8618.28
Tangible Book Value	4,024,381	2,918,241	1,707,958	1,523,823	1,235,791
Tangible Book Value Per Share	16878.09	12209.11	10171.36	9074.78	7359.47
Buildings	2,858,327	2,084,102	1,284,817	785,110	264,220
Machinery	1,056,958	692,433	391,023	250,240	123,786
Construction In Progress	1,396,134	891,504	901,790	353,356	248,202

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