GELEX Group JSC Balance Sheet

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	3,774,465	8,659,542	4,074,202	3,312,662	3,156,251	4,906,108
Short-Term Investments	6,493,373	2,678,740	519,035	930,294	351,864	337,610
Trading Asset Securities	5,562,578	7,288,454	4,523,657	3,353,993	2,168,840	7,036,092
Cash & Short-Term Investments	15,830,416	18,626,736	9,116,894	7,596,949	5,676,955	12,279,810
Cash Growth	4.32%	104.31%	20.01%	33.82%	-53.77%	270.94%
Accounts Receivable	2,939,606	1,937,679	1,844,831	2,172,144	2,185,334	3,319,391
Other Receivables	600,865	896,153	257,670	476,511	278,453	425,098
Receivables	3,540,471	3,383,781	2,217,577	2,653,156	2,478,587	3,759,937
Inventory	16,055,393	14,454,964	8,684,600	8,323,628	9,110,749	11,533,262
Prepaid Expenses	126,210	75,037	61,507	66,632	76,609	124,790
Other Current Assets	2,591,846	2,873,608	2,748,330	1,658,684	2,457,390	2,105,533
Total Current Assets	38,144,335	39,414,126	22,828,908	20,299,049	19,800,289	29,803,333
Property, Plant & Equipment	18,116,993	22,354,231	21,194,044	25,498,232	24,365,588	23,106,892
Long-Term Investments	19,988,215	3,209,901	2,989,758	2,658,132	1,818,203	1,783,048
Goodwill	799,244	959,254	1,057,973	1,265,740	1,473,507	1,681,274
Other Intangible Assets	624,553	642,275	606,683	627,112	660,498	709,830
Long-Term Accounts Receivable	7,143	9,388	10,411	7,168	-	-
Long-Term Deferred Tax Assets	230,873	215,572	160,892	128,286	30,995	32,269
Other Long-Term Assets	5,467,155	5,870,316	3,828,577	4,071,640	4,220,755	4,072,701
Total Assets	83,378,511	73,592,591	53,782,318	55,076,876	52,384,835	61,189,347

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Accounts Payable	2,986,364	3,144,844	3,151,509	2,354,159	3,544,170	3,902,708
Accrued Expenses	3,372,077	2,504,111	2,151,114	2,003,308	2,004,868	1,885,143
Short-Term Debt	12,167,257	9,544,088	7,145,743	8,717,651	5,862,227	10,732,033
Current Portion of Long-Term Debt	3,995,986	2,624,283	1,093,321	2,916,328	2,639,829	1,639,047
Current Income Taxes Payable	770,633	1,150,300	506,575	336,994	154,194	139,953
Current Unearned Revenue	2,172,963	1,986,831	2,247,751	1,860,154	2,673,614	3,798,135
Other Current Liabilities	982,593	840,813	701,340	402,371	397,107	616,305
Total Current Liabilities	26,447,874	21,795,269	16,997,352	18,590,964	17,276,009	22,713,326
Long-Term Debt	17,046,144	1,139,152	1,136,440	1,133,728	9,489,579	13,641,226
Long-Term Leases	217,048	15,529,238	7,170,141	8,998,128	156,294	108,506
Long-Term Unearned Revenue	3,242,181	3,219,502	3,095,004	3,099,942	2,757,226	2,779,994
Long-Term Deferred Tax Liabilities	809,918	760,430	630,632	607,842	594,422	587,323
Other Long-Term Liabilities	572,170	975,395	1,494,788	1,422,513	1,067,927	861,171
Total Liabilities	48,335,335	43,418,986	30,524,358	33,853,117	31,341,457	40,691,545

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Common Stock	13,084,714	9,023,989	8,594,298	8,514,958	8,514,958	8,514,958
Additional Paid-In Capital	59,129	662,913	663,004	663,218	663,218	663,218
Retained Earnings	4,788,030	7,991,880	4,607,753	3,048,134	2,776,269	2,735,164
Comprehensive Income & Other	2,112,081	137,542	130,959	126,042	122,611	125,971
Total Common Equity	20,043,954	17,816,324	13,996,014	12,352,352	12,077,056	12,039,311
Minority Interest	14,999,222	12,357,281	9,261,947	8,871,406	8,966,322	8,458,491
Shareholders' Equity	35,043,176	30,173,605	23,257,961	21,223,758	21,043,378	20,497,802
Total Liabilities & Equity	83,378,511	73,592,591	53,782,318	55,076,876	52,384,835	61,189,347

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Total Debt	33,426,435	28,836,761	16,545,645	21,765,835	18,147,928	26,120,813
Net Cash (Debt)	-17,596,020	-10,210,025	-7,428,751	-14,168,887	-12,470,974	-13,841,002
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-13447.70	-7802.97	-5714.14	-10929.39	-9619.68	-13140.21
Filing Date Shares Outstanding	1,308	1,308	1,308	1,296	1,296	1,296
Total Common Shares Outstanding	1,308	1,308	1,308	1,296	1,296	1,296
Working Capital	11,696,461	17,618,857	5,831,556	1,708,085	2,524,280	7,090,008
Book Value Per Share	15318.60	13616.06	10696.38	9528.18	9315.82	9286.71
Tangible Book Value	18,620,158	16,214,795	12,331,358	10,459,501	9,943,051	9,648,207
Tangible Book Value Per Share	14230.47	12392.10	9424.17	8068.10	7669.73	7442.29
Buildings	15,767,037	13,308,498	13,256,912	12,615,423	9,837,887	9,150,807
Machinery	13,590,835	12,285,595	11,376,651	16,820,538	16,248,772	16,071,343
Construction In Progress	2,855,384	9,979,449	7,928,773	7,325,895	8,071,980	6,546,365