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	365,021	148,912	95,165	151,374	240,885
Short-Term Investments	512,045	294,667	326,525	100,000	-
Trading Asset Securities	-	-	-	-	57,183
Cash & Short-Term Investments	877,066	443,579	421,690	251,374	298,068
Cash Growth	97.72%	5.19%	67.75%	-15.67%	250.34%
Accounts Receivable	83,292	188,713	890,460	1,313,962	2,764,760
Other Receivables	33,111	46,785	53,770	41,779	31,657
Receivables	116,577	235,573	944,229	1,357,629	2,796,417
Inventory	2,725,620	2,156,075	1,592,961	881,821	1,087,718
Prepaid Expenses	44,741	24,697	23,690	23,226	7,640
Other Current Assets	577,823	221,094	165,441	148,649	140,526
Total Current Assets	4,341,827	3,081,019	3,148,012	2,662,700	4,330,369
Property, Plant & Equipment	4,830,560	3,280,140	2,331,945	1,242,340	582,255
Long-Term Investments	-	-	-	29,506	43,634
Goodwill	1,779	2,158	2,537	2,916	4,261
Other Intangible Assets	19,137	5,724	187,221	207,117	207,117
Long-Term Deferred Tax Assets	52,846	7,912	36,127	4,775	-
Other Long-Term Assets	1,533,880	1,072,078	827,444	579,068	272,500
Total Assets	10,780,029	7,449,030	6,533,661	4,729,096	5,457,246
Accounts Payable	1,991,888	1,771,091	2,187,521	1,907,392	3,774,330
Accrued Expenses	130,619	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	27,304	4,347	-	-	-
Current Income Taxes Payable	17,710	55,627	17,304	52,973	14,358
Other Current Liabilities	12,592	8,216	42,734	14,462	35,910
Total Current Liabilities	4,331,765	3,064,578	3,011,075	2,291,719	3,851,377
Long-Term Debt	500,111	475,247	1,608,568	692,905	148,527
Long-Term Leases	1,798,442	965,305	-	-	-
Long-Term Deferred Tax Liabilities	8,414	8,148	5,696	1,804	2,523
Other Long-Term Liabilities	77,174	-	-	-	-
Total Liabilities	6,715,907	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	525,179	398,258	324,867	298,655	387,323
Comprehensive Income & Other	137,649	137,649	137,649	-	-
Total Common Equity	4,059,664	2,926,124	1,897,715	1,733,855	1,447,168
Minority Interest	4,457	9,628	10,607	8,813	7,651
Shareholders' Equity	4,064,121	2,935,752	1,908,322	1,742,668	1,454,818
Total Liabilities & Equity	10,780,029	7,449,030	6,533,661	4,729,096	5,457,246
Total Debt	4,477,509	2,579,259	2,312,231	957,306	163,080
Net Cash (Debt)	-3,600,442	-2,135,679	-1,890,541	-705,931	134,988
Net Cash Growth	-	-	-	-	1179.52%
Net Cash Per Share	-14194.98	-8652.16	-11258.71	-4204.02	1043.07
Filing Date Shares Outstanding	304.02	239.02	167.92	167.92	167.92
Total Common Shares Outstanding	304.02	239.02	167.92	167.92	167.92
Working Capital	10,062	16,441	136,937	370,981	478,992
Book Value Per Share	13353.21	12242.09	11301.41	10325.58	8618.28
Tangible Book Value	4,038,748	2,918,241	1,707,958	1,523,823	1,235,791
Tangible Book Value Per Share	13284.41	12209.11	10171.36	9074.78	7359.47
Buildings	2,850,281	2,084,102	1,284,817	785,110	264,220
Machinery	1,056,378	692,433	391,023	250,240	123,786
Construction In Progress	1,392,178	891,504	901,790	353,356	248,202

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