Model N Balance Sheet

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	18,425	4,128	22,764
Short-Term Investments	-	13.78	31.14
Cash & Short-Term Investments	18,425	4,142	22,795
Cash Growth	-	-81.83%	-
Accounts Receivable	16,327	17,124	14,800
Other Receivables	4,279	4,923	4,004
Receivables	90,606	92,047	58,803
Other Current Assets	220,512	220,766	220,614
Total Current Assets	329,543	316,956	302,212
Property, Plant & Equipment	2,393	2,724	4,332
Long-Term Investments	412,716	412,988	413,527
Other Intangible Assets	78,826	78,826	78,826
Other Long-Term Assets	266,336	268,455	272,692
Total Assets	1,089,815	1,079,949	1,071,589
Accounts Payable	750.12	752.97	912.04
Accrued Expenses	910.98	631.22	784.82
Short-Term Debt	-	-	921.6
Current Portion of Long-Term Debt	156.8	617.6	-
Other Current Liabilities	1,483	1,409	1,479
Total Current Liabilities	3,301	3,411	4,098
Long-Term Debt	-	-	617.6
Total Liabilities	3,301	3,411	4,715
Common Stock	1,013,501	1,013,501	1,013,501
Retained Earnings	97,290	87,315	77,651
Treasury Stock	-23,808	-23,808	-23,808
Comprehensive Income & Other	-469.16	-469.16	-469.16
Shareholders' Equity	1,086,514	1,076,538	1,066,874
Total Liabilities & Equity	1,089,815	1,079,949	1,071,589
Total Debt	156.8	617.6	1,539
Net Cash (Debt)	18,268	3,525	21,256
Net Cash Growth	-	-83.42%	-
Net Cash Per Share	190.57	36.84	222.14
Filing Date Shares Outstanding	95.68	95.68	95.68
Total Common Shares Outstanding	95.68	95.68	95.68
Working Capital	326,242	313,545	298,115
Book Value Per Share	11355.22	11250.96	11149.96
Tangible Book Value	1,007,688	997,712	988,048
Tangible Book Value Per Share	10531.40	10427.15	10326.15
Machinery	5,037	5,037	5,037
Construction In Progress	-	-	945.05

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