The PAN Group JSC Balance Sheet

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

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,628,695	2,958,874	1,402,443	1,837,987	2,841,257
Short-Term Investments	2,232,681	711,323	624,639	796,904	51,747
Trading Asset Securities	-1,904	3,136	4,299	2,956	96,705
Cash & Short-Term Investments	4,859,473	3,673,334	2,031,380	2,637,847	2,989,708
Cash Growth	32.29%	80.83%	-22.99%	-11.77%	-4.47%
Accounts Receivable	1,644,483	1,201,174	1,398,484	1,302,024	921,352
Other Receivables	50,543	112,063	73,852	64,969	85,457
Receivables	1,850,416	1,356,253	2,224,250	1,941,422	1,461,887
Inventory	3,268,451	3,107,472	3,083,430	3,049,409	2,525,662
Prepaid Expenses	40,939	34,759	63,552	40,583	19,894
Other Current Assets	366,361	10,111,268	6,878,166	2,445,659	3,061,804
Total Current Assets	10,385,639	18,283,085	14,280,779	10,114,920	10,058,956
Property, Plant & Equipment	2,531,419	2,624,150	2,563,800	2,535,716	2,206,423
Long-Term Investments	26,062	226,122	525,202	514,453	268,228
Goodwill	55,743	78,555	104,815	168,384	233,850
Other Intangible Assets	1,567,386	1,657,894	1,749,447	1,826,909	1,982,389
Long-Term Deferred Tax Assets	58,386	42,887	31,656	21,788	17,355
Other Long-Term Assets	1,069,069	927,960	932,442	899,428	762,185
Total Assets	15,707,095	23,840,653	20,188,141	16,081,598	15,529,386
Accounts Payable	661,858	596,941	1,018,913	1,180,829	843,714
Accrued Expenses	1,156,088	1,130,763	1,080,456	1,122,731	790,046
Short-Term Debt	3,145,915	10,842,056	8,495,812	3,913,651	3,954,172
Current Portion of Long-Term Debt	197,593	650,970	-	1,323,784	-
Current Income Taxes Payable	145,896	100,188	80,595	35,590	31,792
Current Unearned Revenue	748.81	2,640	408.61	1,231	3,074
Other Current Liabilities	483,303	1,068,356	189,492	234,821	369,948
Total Current Liabilities	5,791,402	14,391,915	10,865,677	7,812,636	5,992,745
Long-Term Debt	465,204	206,653	602,733	4,215	1,152,068
Long-Term Unearned Revenue	-	366.5	-	-	-
Long-Term Deferred Tax Liabilities	322,723	335,347	340,504	350,808	378,662
Other Long-Term Liabilities	43,447	46,921	35,779	35,555	71,169
Total Liabilities	6,622,775	14,981,202	11,844,692	8,203,214	7,594,645
Common Stock	2,162,946	2,162,946	2,162,946	2,163,586	2,163,586
Additional Paid-In Capital	904,737	904,737	904,737	904,737	904,737
Retained Earnings	2,380,260	2,108,804	1,831,417	1,536,177	1,212,366
Treasury Stock	-167,189	-167,189	-167,189	-167,829	-167,829
Comprehensive Income & Other	60,689	60,689	55,454	55,454	15,043
Total Common Equity	5,341,442	5,069,987	4,787,366	4,492,125	4,127,903
Minority Interest	3,742,877	3,789,464	3,556,082	3,386,259	3,806,838
Shareholders' Equity	9,084,320	8,859,451	8,343,448	7,878,384	7,934,741
Total Liabilities & Equity	15,707,095	23,840,653	20,188,141	16,081,598	15,529,386
Total Debt	3,808,712	11,699,679	9,098,545	5,241,650	5,106,239
Net Cash (Debt)	1,050,761	-8,026,345	-7,067,165	-2,603,802	-2,116,531
Net Cash Per Share	5030.10	-38422.91	-33831.22	-12464.66	-10132.05
Filing Date Shares Outstanding	208.89	208.89	208.89	208.89	208.89
Total Common Shares Outstanding	208.89	208.89	208.89	208.89	208.89
Working Capital	4,594,238	3,891,170	3,415,102	2,302,284	4,066,211
Book Value Per Share	25570.02	24270.53	22917.60	21504.25	19760.68
Tangible Book Value	3,718,313	3,333,538	2,933,104	2,496,832	1,911,664
Tangible Book Value Per Share	17799.93	15957.98	14041.06	11952.58	9151.32
Buildings	2,311,108	2,246,360	1,974,257	1,623,648	1,454,060
Machinery	2,888,687	2,875,584	2,600,881	2,310,997	2,164,242
Construction In Progress	347,539	180,897	191,112	535,359	470,937

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