Thac Ba Hydropower 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	45,168	80,302	94,333	128,306	109,112	94,607
Short-Term Investments	51,500	42,000	8,300	10,000	95,500	102,122
Trading Asset Securities	13,695	13,695	13,695	-	-	-
Accounts Receivable	131,388	66,180	98,294	158,266	135,193	79,076
Other Receivables	5,579	3,777	4,601	11,690	4,477	7,397
Inventory	5,099	5,080	5,340	5,528	4,071	4,209
Prepaid Expenses	4,024	568.57	229.43	467.35	-	-
Loans Receivable Current	-	6,000	-	5,000	17,000	-
Other Current Assets	2,283	4,550	10,685	54,425	5,005	22,871
Total Current Assets	258,735	222,151	235,477	373,682	370,359	310,282
Property, Plant & Equipment	1,134,895	1,119,127	1,015,780	883,792	925,935	997,262
Goodwill	58,718	62,815	79,201	95,588	111,975	128,361
Other Intangible Assets	14,714	14,898	15,656	16,503	16,650	17,320
Long-Term Investments	233,207	171,098	160,406	163,470	165,412	116,782
Long-Term Loans Receivable	-	59,000	10,000	-	-	-
Long-Term Deferred Tax Assets	863.35	885.52	974.16	1,064	-	-
Other Long-Term Assets	4,271	3,293	2,323	1,813	4,173	3,738
Total Assets	1,705,404	1,653,267	1,519,817	1,535,913	1,594,504	1,573,745
Accounts Payable	9,438	29,067	27,014	4,289	5,778	2,185
Accrued Expenses	26,014	23,804	16,691	17,822	25,346	24,168
Current Portion of Long-Term Debt	15,767	15,767	45,421	60,000	60,000	44,000
Current Income Taxes Payable	15,999	18,230	3,872	1,694	18,255	8,965
Other Current Liabilities	157,988	12,507	48,804	67,999	5,815	67,145
Total Current Liabilities	223,897	99,375	141,801	151,804	115,195	146,463
Long-Term Debt	80,420	74,892	9,679	45,000	105,000	211,829
Long-Term Unearned Revenue	4,134	3,872	3,498	-	-	-
Other Long-Term Liabilities	-	0	-	-	-	-
Total Liabilities	308,450	178,138	154,979	196,804	220,195	358,292
Common Stock	635,000	635,000	635,000	635,000	635,000	635,000
Retained Earnings	472,007	533,177	441,066	425,543	462,587	333,680
Total Common Equity	1,107,007	1,168,177	1,076,066	1,060,543	1,097,587	968,680
Minority Interest	289,947	306,952	288,773	278,566	276,722	246,774
Shareholders' Equity	1,396,954	1,475,129	1,364,838	1,339,109	1,374,309	1,215,454
Total Liabilities & Equity	1,705,404	1,653,267	1,519,817	1,535,913	1,594,504	1,573,745
Total Debt	96,186	90,658	55,100	105,000	165,000	255,829
Net Cash (Debt)	14,177	45,338	61,228	33,306	39,612	-59,099
Net Cash Growth	-78.59%	-25.95%	83.84%	-15.92%	-	-
Net Cash Per Share	223.25	713.98	964.22	524.50	623.82	-930.69
Filing Date Shares Outstanding	63.5	63.5	63.5	63.5	63.5	63.5
Total Common Shares Outstanding	63.5	63.5	63.5	63.5	63.5	63.5
Working Capital	34,838	122,776	93,676	221,878	255,164	163,819
Book Value Per Share	17433.18	18396.49	16945.91	16701.46	17284.83	15254.80
Tangible Book Value	1,033,575	1,090,465	981,208	948,451	968,962	822,998
Tangible Book Value Per Share	16276.77	17172.68	15452.10	14936.24	15259.24	12960.60
Buildings	1,371,130	1,357,254	1,354,145	1,353,220	1,345,820	1,344,803
Machinery	1,623,736	1,488,426	1,252,948	1,242,692	1,228,862	1,224,810
Construction In Progress	14,465	133,029	197,738	11,552	5,982	3,298

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