Thuan Duc 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	1,059,186	626,001	260,494	353,696	132,142
Short-Term Investments	433,216	412,465	458,136	342,108	218,425
Cash & Short-Term Investments	1,492,402	1,038,465	718,631	695,804	350,567
Cash Growth	43.71%	44.51%	3.28%	98.48%	86.88%
Accounts Receivable	413,774	420,009	353,653	349,065	257,615
Other Receivables	16,018	15,004	20,670	21,002	10,850
Receivables	429,792	509,488	374,322	374,117	347,366
Inventory	1,135,263	1,187,604	1,352,514	963,753	910,980
Prepaid Expenses	5,720	6,060	6,128	5,924	2,212
Other Current Assets	291,886	235,869	220,973	279,871	173,960
Total Current Assets	3,355,063	2,977,486	2,672,568	2,319,469	1,785,085
Property, Plant & Equipment	404,704	442,471	492,210	534,755	516,385
Long-Term Investments	361,235	359,785	334,969	191,965	191,272
Other Intangible Assets	1,085	1,756	2,462	2,596	1,083
Long-Term Deferred Tax Assets	717.48	1,326	143.47	2,276	2,043
Other Long-Term Assets	161,960	157,943	158,786	264,398	243,218
Total Assets	4,470,764	3,943,916	3,671,189	3,321,459	2,739,086
Accounts Payable	305,882	272,296	284,290	162,343	202,424
Accrued Expenses	27,612	30,161	23,180	28,864	30,256
Short-Term Debt	2,638,719	2,285,521	2,184,480	1,983,152	1,353,502
Current Portion of Long-Term Debt	4,507	2,859	14,141	-	47,319
Current Portion of Leases	10,974	8,053	11,811	-	8,769
Current Income Taxes Payable	33,732	35,879	26,703	26,502	23,815
Current Unearned Revenue	2,779	5,702	2,179	491.88	-
Other Current Liabilities	70,357	42,916	64,622	16,406	34,556
Total Current Liabilities	3,094,561	2,683,387	2,611,406	2,217,760	1,700,641
Long-Term Debt	234,577	229,999	183,844	283,468	292,841
Long-Term Leases	19,954	9,148	17,329	-	22,387
Other Long-Term Liabilities	2,889	1,479	2,539	4,068	2,873
Total Liabilities	3,351,982	2,924,013	2,815,118	2,505,295	2,018,743
Common Stock	882,223	882,223	755,280	674,359	602,109
Additional Paid-In Capital	23,173	23,173	-	-	-
Retained Earnings	215,885	117,006	103,289	144,302	120,731
Comprehensive Income & Other	-2,498	-2,498	-2,498	-2,498	-2,498
Shareholders' Equity	1,118,782	1,019,904	856,071	816,164	720,343
Total Liabilities & Equity	4,470,764	3,943,916	3,671,189	3,321,459	2,739,086
Total Debt	2,908,730	2,535,580	2,411,606	2,266,620	1,724,819
Net Cash (Debt)	-1,416,328	-1,497,115	-1,692,975	-1,570,817	-1,374,252
Net Cash Per Share	-16054.09	-17321.82	-20263.49	-18907.03	-16541.03
Filing Date Shares Outstanding	88.22	88.22	84.95	83.08	83.08
Total Common Shares Outstanding	88.22	88.22	84.95	83.08	83.08
Working Capital	260,502	294,099	61,162	101,710	84,444
Book Value Per Share	12681.40	11560.62	10077.38	9823.70	8670.32
Tangible Book Value	1,117,697	1,018,147	853,609	813,568	719,259
Tangible Book Value Per Share	12669.10	11540.71	10048.39	9792.46	8657.28
Buildings	227,193	227,193	226,829	226,517	158,518
Machinery	545,565	549,774	529,906	498,917	492,565
Construction In Progress	1,918	2,017	948.87	2,196	25,890

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