SEAREFICO 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	88,429	83,318	253,944	238,794	60,499
Short-Term Investments	36,061	43,096	67,835	126,541	112,874
Cash & Short-Term Investments	124,491	126,414	321,778	365,335	173,374
Cash Growth	-1.52%	-60.71%	-11.92%	110.72%	-30.95%
Accounts Receivable	661,522	641,577	693,470	632,080	694,665
Other Receivables	7,398	49,872	30,239	34,897	35,150
Receivables	668,921	696,049	726,884	666,977	729,815
Inventory	383,702	329,094	246,465	274,965	333,319
Prepaid Expenses	3,318	3,902	3,495	4,031	2,582
Other Current Assets	149,929	66,766	84,334	70,417	93,443
Total Current Assets	1,330,361	1,222,226	1,382,956	1,381,725	1,332,532
Property, Plant & Equipment	267,840	269,837	308,138	284,603	303,260
Long-Term Investments	150,710	6,907	3,657	5,557	165,955
Other Intangible Assets	11,395	4,006	4,846	2,620	2,969
Long-Term Deferred Tax Assets	19,139	16,920	15,205	14,553	14,725
Other Long-Term Assets	59,510	75,313	38,585	41,507	33,820
Total Assets	1,838,955	1,595,209	1,753,387	1,730,565	1,853,261
Accounts Payable	467,384	412,364	454,165	381,177	306,522
Accrued Expenses	13,105	23,667	27,312	38,315	53,280
Short-Term Debt	552,698	-	-	-	607,248
Current Portion of Long-Term Debt	17,401	408,750	473,389	434,513	-
Current Portion of Leases	-	251.96	274.87	313.35	-
Current Income Taxes Payable	9,559	6,061	2,074	12,692	5,957
Current Unearned Revenue	3,104	3,118	412.5	247.5	-
Other Current Liabilities	265,330	229,941	289,699	354,104	209,845
Total Current Liabilities	1,328,581	1,084,152	1,247,327	1,221,363	1,182,853
Long-Term Debt	27,577	71,000	70,017	75,498	90,578
Long-Term Leases	-	251.96	526.83	808.11	-
Long-Term Deferred Tax Liabilities	4,603	-	-	-	-
Other Long-Term Liabilities	5,787	6,045	3,035	3,908	6,149
Total Liabilities	1,366,548	1,161,449	1,320,906	1,301,576	1,279,581
Common Stock	355,668	355,668	355,668	355,668	355,668
Additional Paid-In Capital	21,914	284.02	284.02	284.02	284.02
Retained Earnings	19,258	8,482	8,722	8,722	152,959
Treasury Stock	-29,238	-29,238	-29,238	-29,238	-29,238
Comprehensive Income & Other	8,532	8,515	8,515	4,416	4,416
Total Common Equity	376,133	343,710	343,950	339,851	484,088
Minority Interest	96,274	90,049	88,531	89,138	89,593
Shareholders' Equity	472,407	433,759	432,482	428,989	573,681
Total Liabilities & Equity	1,838,955	1,595,209	1,753,387	1,730,565	1,853,261
Total Debt	597,676	480,254	544,209	511,132	697,826
Net Cash (Debt)	-473,185	-353,840	-222,430	-145,798	-524,453
Net Cash Per Share	-14005.04	-10472.75	-6583.35	-4315.22	-16553.08
Filing Date Shares Outstanding	33.79	33.79	33.79	33.79	33.79
Total Common Shares Outstanding	33.79	33.79	33.79	33.79	33.79
Working Capital	1,779	138,073	135,630	160,362	149,679
Book Value Per Share	11132.56	10172.93	10180.03	10058.69	14327.74
Tangible Book Value	364,738	339,704	339,105	337,230	481,120
Tangible Book Value Per Share	10795.29	10054.35	10036.61	9981.14	14239.88
Buildings	33,124	92,449	90,190	92,908	101,019
Machinery	178,360	251,588	251,110	284,308	283,052
Construction In Progress	100,879	36,983	65,899	33,631	33,417

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.