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 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,059,186	626,001	260,494	132,142	68,645
Short-Term Investments	433,216	412,465	458,136	218,425	118,950
Cash & Short-Term Investments	1,492,402	1,038,465	718,631	350,567	187,595
Cash Growth	43.71%	44.51%	104.99%	86.88%	577.74%
Accounts Receivable	413,774	420,009	353,653	257,615	111,779
Other Receivables	16,018	15,004	20,670	10,850	4,786
Receivables	429,792	509,488	374,322	347,366	173,565
Inventory	1,135,263	1,187,604	1,352,514	910,980	896,614
Prepaid Expenses	5,720	6,060	6,128	2,212	1,870
Other Current Assets	291,886	235,869	220,973	173,960	20,419
Total Current Assets	3,355,063	2,977,486	2,672,568	1,785,085	1,280,062
Property, Plant & Equipment	404,704	442,471	492,210	516,385	480,475
Long-Term Investments	361,235	359,785	334,969	191,272	48,500
Other Intangible Assets	1,085	1,756	2,462	1,083	187.23
Long-Term Deferred Tax Assets	717.48	1,326	143.47	2,043	1,896
Other Long-Term Assets	161,960	157,943	158,786	243,218	19,027
Total Assets	4,470,764	3,943,916	3,671,189	2,739,086	1,830,148
Accounts Payable	305,882	272,296	284,290	202,424	93,379
Accrued Expenses	27,612	30,161	23,180	30,256	15,846
Short-Term Debt	2,638,719	2,285,521	2,184,480	1,353,502	885,444
Current Portion of Long-Term Debt	4,507	2,859	14,141	47,319	39,031
Current Portion of Leases	10,974	8,053	11,811	8,769	6,817
Current Income Taxes Payable	33,732	35,879	26,703	23,815	18,460
Current Unearned Revenue	2,779	5,702	2,179	-	-
Other Current Liabilities	70,357	42,916	64,622	34,556	18,279
Total Current Liabilities	3,094,561	2,683,387	2,611,406	1,700,641	1,077,256
Long-Term Debt	234,577	229,999	183,844	292,841	112,462
Long-Term Leases	19,954	9,148	17,329	22,387	9,526
Other Long-Term Liabilities	2,889	1,479	2,539	2,873	-
Total Liabilities	3,351,982	2,924,013	2,815,118	2,018,743	1,199,244
Common Stock	882,223	882,223	755,280	602,109	537,598
Additional Paid-In Capital	23,173	23,173	-	-	-
Retained Earnings	215,885	117,006	103,289	120,731	98,783
Comprehensive Income & Other	-2,498	-2,498	-2,498	-2,498	-5,478
Shareholders' Equity	1,118,782	1,019,904	856,071	720,343	630,904
Total Liabilities & Equity	4,470,764	3,943,916	3,671,189	2,739,086	1,830,148
Total Debt	2,908,730	2,535,580	2,411,606	1,724,819	1,053,280
Net Cash (Debt)	-1,416,328	-1,497,115	-1,692,975	-1,374,252	-865,686
Net Cash Per Share	-16054.09	-17321.82	-20263.49	-16541.03	-10419.73
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	84,444	202,807
Book Value Per Share	12681.40	11560.62	10077.38	8670.32	7593.84
Tangible Book Value	1,117,697	1,018,147	853,609	719,259	630,717
Tangible Book Value Per Share	12669.10	11540.71	10048.39	8657.28	7591.59
Buildings	227,193	227,193	226,829	158,518	151,648
Machinery	545,565	549,774	529,906	492,565	452,545
Construction In Progress	1,918	2,017	948.87	25,890	12,635

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