The PAN Group 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	FY 2021
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	Dec '21 Dec 31, 2021
Cash & Equivalents	3,647,878	2,626,720	2,958,874	1,402,443	1,837,987	2,841,257
Short-Term Investments	2,183,070	2,227,457	718,286	624,639	796,904	51,747
Trading Asset Securities	29.7	2,332	9,893,136	4,299	2,956	96,705
Cash & Short-Term Investments	5,830,978	4,856,509	13,570,296	2,031,380	2,637,847	2,989,708
Cash Growth	-60.73%	-64.21%	568.03%	-22.99%	-11.77%	-4.47%
Accounts Receivable	1,497,605	1,647,891	1,201,174	1,398,484	1,302,024	921,352
Other Receivables	204,890	82,047	105,100	73,852	64,969	85,457
Receivables	1,702,495	1,773,245	1,349,291	2,224,250	1,941,422	1,461,887
Inventory	3,374,440	3,268,419	3,107,472	3,083,430	3,049,409	2,525,662
Prepaid Expenses	42,076	39,408	34,759	63,552	40,583	19,894
Other Current Assets	298,425	323,446	221,268	6,878,166	2,445,659	3,061,804
Total Current Assets	11,248,414	10,261,027	18,283,085	14,280,779	10,114,920	10,058,956
Property, Plant & Equipment	1,791,621	2,533,409	2,624,150	2,563,800	2,535,716	2,206,423
Long-Term Investments	26,062	26,062	226,122	525,202	514,453	268,228
Goodwill	46,378	55,743	78,555	104,815	168,384	233,850
Other Intangible Assets	1,153,107	1,567,513	1,657,894	1,749,447	1,826,909	1,982,389
Long-Term Deferred Tax Assets	23,017	60,162	42,887	31,656	21,788	17,355
Other Long-Term Assets	925,617	1,090,958	927,960	932,442	899,428	762,185
Total Assets	15,214,215	15,594,874	23,840,653	20,188,141	16,081,598	15,529,386
Accounts Payable	1,370,115	659,143	524,401	1,018,913	1,180,829	843,714
Accrued Expenses	854,041	1,172,455	1,130,763	1,080,456	1,122,731	790,046
Short-Term Debt	2,146,544	3,026,739	10,842,056	8,495,812	3,913,651	3,954,172
Current Portion of Long-Term Debt	264,307	210,343	650,970	-	1,323,784	-
Current Income Taxes Payable	64,579	154,444	100,188	80,595	35,590	31,792
Current Unearned Revenue	687.3	748.81	2,640	408.61	1,231	3,074
Other Current Liabilities	266,603	471,187	1,140,896	189,492	234,821	369,948
Total Current Liabilities	4,966,876	5,695,059	14,391,915	10,865,677	7,812,636	5,992,745
Long-Term Debt	344,097	459,546	206,653	602,733	4,215	1,152,068
Long-Term Unearned Revenue	-	-	366.5	-	-	-
Long-Term Deferred Tax Liabilities	235,048	323,166	335,347	340,504	350,808	378,662
Other Long-Term Liabilities	34,370	39,782	46,921	35,779	35,555	71,169
Total Liabilities	5,580,391	6,517,554	14,981,202	11,844,692	8,203,214	7,594,645
Common Stock	2,162,946	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	904,737
Retained Earnings	2,906,137	2,381,015	2,108,804	1,831,417	1,536,177	1,212,366
Treasury Stock	-167,189	-167,189	-167,189	-167,189	-167,829	-167,829
Comprehensive Income & Other	60,689	60,689	60,689	55,454	55,454	15,043
Total Common Equity	5,867,320	5,342,197	5,069,987	4,787,366	4,492,125	4,127,903
Minority Interest	3,766,504	3,735,122	3,789,464	3,556,082	3,386,259	3,806,838
Shareholders' Equity	9,633,824	9,077,320	8,859,451	8,343,448	7,878,384	7,934,741
Total Liabilities & Equity	15,214,215	15,594,874	23,840,653	20,188,141	16,081,598	15,529,386
Total Debt	2,754,948	3,696,628	11,699,679	9,098,545	5,241,650	5,106,239
Net Cash (Debt)	3,076,030	1,159,882	1,870,618	-7,067,165	-2,603,802	-2,116,531
Net Cash Growth	352.95%	-38.00%	-	-	-	-
Net Cash Per Share	14725.26	5552.47	8954.83	-33831.22	-12464.66	-10132.05
Filing Date Shares Outstanding	208.89	208.89	208.89	208.89	208.89	208.89
Total Common Shares Outstanding	208.89	208.89	208.89	208.89	208.89	208.89
Working Capital	6,281,538	4,565,967	3,891,170	3,415,102	2,302,284	4,066,211
Book Value Per Share	28087.44	25573.63	24270.53	22917.60	21504.25	19760.68
Tangible Book Value	4,667,835	3,718,941	3,333,538	2,933,104	2,496,832	1,911,664
Tangible Book Value Per Share	22345.39	17802.94	15957.98	14041.06	11952.58	9151.32
Buildings	2,066,802	2,341,591	2,246,360	1,974,257	1,623,648	1,454,060
Machinery	2,093,283	2,874,293	2,875,584	2,600,881	2,310,997	2,164,242
Construction In Progress	46,288	250,175	180,897	191,112	535,359	470,937

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