Gelex Electricity JSC 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	1,507,582	1,212,885	691,649	1,125,181
Short-Term Investments	3,668,472	208,818	121,338	162,180
Trading Asset Securities	352,319	558,685	-	-
Cash & Short-Term Investments	5,528,373	1,980,388	812,986	1,287,362
Cash Growth	394.43%	143.59%	-36.85%	-
Accounts Receivable	1,660,236	1,260,066	1,185,150	1,995,723
Other Receivables	58,155	1,566	8,525	-
Receivables	1,718,392	3,776,189	1,565,275	1,995,723
Inventory	5,608,583	5,605,178	3,680,150	3,074,354
Prepaid Expenses	35,972	32,309	24,815	-
Other Current Assets	1,687,557	828,802	777,552	205,753
Total Current Assets	14,578,876	12,222,867	6,860,778	6,563,192
Property, Plant & Equipment	1,610,141	1,655,000	2,549,712	3,644,504
Long-Term Investments	1,735,814	1,697,968	2,661,918	2,653,150
Goodwill	51,439	57,052	94,780	124,284
Other Intangible Assets	67,268	67,912	76,314	80,453
Long-Term Accounts Receivable	5,121	5,121	6,144	7,168
Long-Term Deferred Tax Assets	15,720	23,325	44,141	26,337
Other Long-Term Assets	554,045	566,716	549,480	623,845
Total Assets	18,618,425	16,345,960	12,903,267	13,722,932
Accounts Payable	1,279,180	606,456	1,125,645	580,777
Accrued Expenses	247,393	295,832	279,566	185,377
Short-Term Debt	5,549,339	4,223,606	2,798,909	4,369,529
Current Portion of Long-Term Debt	170,899	243,283	172,184	-
Current Income Taxes Payable	132,786	528,384	205,385	89,249
Current Unearned Revenue	12,894	2,135	10,614	19.16
Other Current Liabilities	2,084,105	872,375	788,306	1,233,730
Total Current Liabilities	9,476,596	6,772,070	5,380,609	6,458,681
Long-Term Debt	997,909	1,047,943	453,425	1,235,644
Long-Term Deferred Tax Liabilities	2,754	2,884	4,599	6,470
Other Long-Term Liabilities	100,867	126,008	111,197	70,258
Total Liabilities	10,578,125	7,948,906	5,949,830	7,771,053
Common Stock	3,660,000	3,660,000	3,000,000	3,000,000
Additional Paid-In Capital	225,052	225,052	835,288	835,288
Retained Earnings	3,318,743	3,674,249	2,050,154	1,060,499
Comprehensive Income & Other	467,013	467,013	512,024	538,576
Total Common Equity	7,670,807	8,026,314	6,397,465	5,434,363
Minority Interest	369,492	370,741	555,972	517,517
Shareholders' Equity	8,040,299	8,397,055	6,953,437	5,951,880
Total Liabilities & Equity	18,618,425	16,345,960	12,903,267	13,722,932
Total Debt	6,718,146	5,514,832	3,424,518	5,605,173
Net Cash (Debt)	-1,189,773	-3,534,444	-2,611,532	-4,317,811
Net Cash Per Share	-1860.26	-5531.51	-4133.81	-6853.67
Filing Date Shares Outstanding	640.5	640.5	630	630
Total Common Shares Outstanding	640.5	640.5	630	630
Working Capital	5,102,280	5,450,796	1,480,169	104,511
Book Value Per Share	11976.28	12531.33	10154.71	8625.97
Tangible Book Value	7,552,101	7,901,350	6,226,371	5,229,626
Tangible Book Value Per Share	11790.95	12336.22	9883.13	8300.99
Buildings	1,211,116	1,200,139	2,168,193	-
Machinery	2,725,867	2,668,084	3,230,689	-
Construction In Progress	146,377	196,120	173,154	264,462

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