GELEX Infrastructure 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	FY 2022
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
Cash & Equivalents	3,332,347	4,991,773	3,216,476	2,080,053	2,163,841
Short-Term Investments	5,114,176	2,508,150	439,489	640,115	224,459
Trading Asset Securities	759,368	791,852	-	-	300,000
Cash & Short-Term Investments	9,205,892	8,291,776	3,655,965	2,720,168	2,688,300
Cash Growth	158.33%	126.80%	34.40%	1.19%	-
Accounts Receivable	743,068	753,939	727,134	949,097	759,214
Other Receivables	1,007,225	897,459	218,528	220,346	211,005
Receivables	1,750,293	2,051,848	2,295,835	1,169,943	1,071,019
Inventory	14,429,941	8,676,199	4,669,347	5,045,335	4,540,581
Prepaid Expenses	-	33,812	29,859	50,795	55,372
Other Current Assets	6,762,381	1,365,173	1,452,227	1,164,850	1,138,215
Total Current Assets	32,148,507	20,418,807	12,103,233	10,151,091	9,493,486
Property, Plant & Equipment	12,703,054	17,947,695	17,132,204	20,978,785	16,905,256
Long-Term Investments	10,577,740	1,663,608	808,072	807,088	1,077,768
Goodwill	857,511	912,157	963,242	1,141,511	1,319,780
Other Intangible Assets	562,190	568,221	529,510	545,505	566,804
Long-Term Accounts Receivable	4,267	4,267	4,267	-	-
Long-Term Deferred Tax Assets	2,771	10,246	10,133	16,159	13,190
Other Long-Term Assets	4,604,733	4,647,258	3,205,145	3,320,003	3,347,216
Total Assets	61,460,772	46,925,726	35,575,805	37,800,143	32,723,500
Accounts Payable	1,809,782	1,984,897	1,798,268	2,038,385	1,937,256
Accrued Expenses	998,380	1,100,404	870,481	838,881	877,269
Short-Term Debt	4,703,959	3,914,313	2,053,615	2,898,061	1,867,177
Current Portion of Long-Term Debt	1,932,001	1,899,902	753,940	652,045	380,762
Current Portion of Leases	-	52,197	62,778	63,355	51,727
Current Income Taxes Payable	161,034	378,846	301,528	274,166	106,890
Current Unearned Revenue	4,494,726	1,370,303	1,905,072	1,551,003	2,398,393
Other Current Liabilities	1,782,138	1,575,132	1,436,489	1,286,122	1,309,668
Total Current Liabilities	15,882,019	12,275,994	9,182,170	9,602,017	8,929,143
Long-Term Debt	18,997,076	11,565,549	5,115,946	7,649,601	3,570,755
Long-Term Leases	161,385	48,452	61,424	85,008	104,566
Long-Term Unearned Revenue	2,645,231	2,534,504	2,732,068	2,629,204	2,717,939
Long-Term Deferred Tax Liabilities	743,781	741,827	624,389	600,324	588,055
Other Long-Term Liabilities	598,758	796,997	1,173,297	1,375,415	1,005,964
Total Liabilities	39,028,249	27,963,324	18,889,295	21,941,569	16,916,424
Common Stock	8,900,000	7,900,000	7,900,000	7,900,000	7,900,000
Retained Earnings	1,001,404	1,204,194	771,333	279,849	358,790
Comprehensive Income & Other	527,813	524,533	516,289	197,581	464,521
Total Common Equity	12,308,098	9,628,727	9,187,621	8,377,430	8,723,312
Minority Interest	10,124,425	9,333,675	7,498,889	7,481,144	7,083,764
Shareholders' Equity	22,432,523	18,962,402	16,686,510	15,858,574	15,807,076
Total Liabilities & Equity	61,460,772	46,925,726	35,575,805	37,800,143	32,723,500
Total Debt	25,794,420	17,480,413	8,047,703	11,348,070	5,974,989
Net Cash (Debt)	-16,588,529	-9,188,638	-4,391,738	-8,627,902	-3,286,689
Net Cash Per Share	-20473.99	-11631.19	-5559.16	-10921.40	-4160.37
Filing Date Shares Outstanding	890	790	790	790	790
Total Common Shares Outstanding	890	790	790	790	790
Working Capital	16,266,488	8,142,812	2,921,063	549,074	564,343
Book Value Per Share	13829.32	12188.26	11629.90	10604.34	11042.17
Tangible Book Value	10,888,397	8,148,349	7,694,870	6,690,414	6,836,728
Tangible Book Value Per Share	12234.15	10314.37	9740.34	8468.88	8654.09
Buildings	11,637,690	11,773,169	11,090,487	10,417,769	7,410,502
Machinery	9,748,063	9,668,040	7,880,121	12,182,864	8,804,558
Construction In Progress	2,123,286	7,188,486	6,369,418	6,279,273	7,284,778