First Real JSC Balance Sheet

Financials in millions VND. Fiscal year is October - September.

Millions VND. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Dec '16 Dec 31, 2016
Cash & Equivalents	868.37	-10,254	5,858	11,287	49,136	263.76
Cash & Short-Term Investments	868.37	-10,254	5,858	11,287	49,136	263.76
Cash Growth	-83.69%	-	-48.10%	-77.03%	18528.90%	20.46%
Accounts Receivable	32,788	16,594	6,258	14,710	27,950	8,114
Other Receivables	85,256	27,270	56,775	56,555	362,350	551.5
Receivables	118,044	43,865	63,033	71,265	520,301	8,666
Inventory	295,144	302,973	310,884	310,884	370,888	-
Prepaid Expenses	137.89	192.37	260.86	167.59	162.97	248.33
Other Current Assets	316,254	423,928	435,359	473,331	233,386	14,500
Total Current Assets	730,449	760,705	815,395	866,935	1,173,873	23,678
Property, Plant & Equipment	52,400	52,465	110,233	111,721	53,692	1,530
Long-Term Investments	200,836	200,523	200,240	201,476	1,800	-
Other Long-Term Assets	244,599	220,427	213,540	222,790	73,499	-
Total Assets	1,228,284	1,234,119	1,339,408	1,402,922	1,302,864	25,208
Accounts Payable	27,370	9,546	117,417	143,975	899	-
Accrued Expenses	52,990	90,097	29,433	17,851	41,331	751.45
Short-Term Debt	124,896	40,000	95,049	87,699	239,594	585.59
Current Portion of Long-Term Debt	-	97,687	201,993	198,100	-	-
Current Income Taxes Payable	48,599	-	42,719	41,392	-	639.84
Current Unearned Revenue	888.84	888.84	888.84	888.84	888.84	-
Other Current Liabilities	144,124	220,748	22,118	35,517	181,491	-
Total Current Liabilities	398,867	458,966	509,617	525,424	464,203	1,977
Long-Term Debt	-	13,833	80,154	127,788	107,101	696.05
Long-Term Unearned Revenue	6,252	6,474	7,363	8,251	9,140	-
Long-Term Deferred Tax Liabilities	443.48	442.86	241.52	-	-	-
Other Long-Term Liabilities	78,000	-	-	36.52	83.44	-
Total Liabilities	483,562	479,715	597,375	661,499	580,527	2,673
Common Stock	706,696	706,696	642,453	642,453	446,150	20,000
Additional Paid-In Capital	3,085	3,085	67,328	67,328	67,328	-
Retained Earnings	34,843	44,525	32,153	31,542	208,757	2,535
Total Common Equity	744,624	754,306	741,934	741,323	722,236	22,535
Minority Interest	97.92	97.92	98.87	99.9	100.22	-
Shareholders' Equity	744,722	754,404	742,033	741,423	722,336	22,535
Total Liabilities & Equity	1,228,284	1,234,119	1,339,408	1,402,922	1,302,864	25,208
Total Debt	124,896	151,520	377,195	413,587	346,694	1,282
Net Cash (Debt)	-124,028	-161,774	-371,337	-402,300	-297,558	-1,018
Net Cash Per Share	-1754.29	-2288.18	-5254.54	-5692.67	-4211.40	-155.33
Filing Date Shares Outstanding	70.7	70.7	70.67	70.67	70.67	7.58
Total Common Shares Outstanding	70.7	70.7	70.67	70.67	70.67	7.58
Working Capital	331,582	301,739	305,778	341,512	709,670	21,701
Book Value Per Share	10532.22	10669.16	10498.60	10489.95	10219.86	2973.83
Tangible Book Value	744,624	754,306	741,934	741,323	722,236	22,535
Tangible Book Value Per Share	10532.22	10669.16	10498.60	10489.95	10219.86	2973.83
Machinery	-	1,473	4,613	4,613	-	1,850
Construction In Progress	51,903	51,903	51,561	51,269	50,827	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.