Gelex Group Joint Stock Co · HOSE:GEX
Gelex Group Joint Stock — GELEX Group JSC — Q2 2026 Earnings Presentation
26 slides from Gelex Group Joint Stock's earnings presentation, Aug 13, 2026
Slide 1: Q2/2026 Business Performance Presentation
Q2/2026 BUSINESSPERFORMANCE PRESENTATION Prepared by: Investor Relations – Communication Department – GELEX Group JSC 1
Slide 2: Main Content
MAIN CONTENT 01 GELEX OVERVIEW 03 BUSINESS Q2/2026 PERFORMANCE 02 MACRO Q2/2026 04 OUTLOOK Q3/2026 2
Slide 3: Overview GELEX
01 OVERVIEW GELEX
Slide 4: GELEX at a Glance
GELEX OVERVIEW GELEX AT A GLANCE Established in 1990, GELEX Group JSC is a diversified INVESTMENT PORTFOLIO investment holding company with two core sub-holdings, GELEX Electricity and GELEX Infrastructure, alongside a GELEX GROUP JSC (HoSE: GEX) portfolio of commercial assets and strategic investme
Slide 5: Core Businesses
Core Businesses INDUSTRIAL PRODUCTION REAL ESTATE INFRASTRUCTURE FINANCE ELECTRICAL EQUIPMENTS INDUSTRIAL PARKS GELEX provides utility GELEX has invested in Developing green and smart infrastructure solutions with a Eximbank and is currently the Comprehensive product portfolio industrial parks to at
Slide 6: Q2/2026 Business Performance Overview
Q2/2026 BUSINESS PERFORMANCE OVERVIEW GELEX maintains growth momentum amidst a volatile macro environment ➢ In Q2/2026, GELEX continued to maintain positive business growth with contributions from all core business sectors, particularly strong growth in the Electrical Equipment and Industrial Park s
Slide 7: H1 Business Performance Overview
H1 BUSINESS PERFORMANCE OVERVIEW CONSOLIDATED CONSOLIDATED REVENUE STRUCTURE NET REVENUE H1 PROFIT BEFORE TAX H1 2,6% Electrical 25,202 2,611 14,0% Equipment 56.4% 72.2% Construction VND bn of FY2026 VND bn of FY2026 17,6% Materials Plan Plan 65,6% IP & RE ▲ +39.7% YoY ▲ +19.2% YoY ELECTRICAL EQUIPM
Slide 8: Macro Q2/2026
02 MACRO Q2/2026
Slide 9: Macroeconomic Overview Q2/2026
MACROECONOMIC OVERVIEW Q2/2026 Vietnam’s economy maintained positive growth despite global risks, while inflationary pressures increased but remained within a manageable range. ➢ World Economy: The global economic landscape continues to face numerous uncertainties, primarily from: (i) prolonged geop
Slide 10: Macroeconomic Overview Q2/2026
MACROECONOMIC OVERVIEW Q2/2026 CPI GDP 4,38% 8,46% 4,08% 8,39% 8,25% 3,29% 3,27% 8,16% 2,55% 7,83% Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 H1/2022 H1/2023 H1/2024 H1/2025 H1/2026 Q2 GDP grew 8.39% YoY, a positive result amid heightened global Average CPI for 6M/2026 increased 4.38%, approaching the risks, dem
Slide 11: Macroeconomic Overview Q2/2026
MACROECONOMIC OVERVIEW Q2/2026 FDI (bn USD) Implemented FDI Registered FDI PMI 54,5 53,8 54,3 52,4 53,0 52,5 52,8 19,5 51,2 51,8 50,4 50,4 50,5 15,2 48,9 10,5 9,9 8,8 6,8 7,1 7,0 5,4 7,6 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 FDI disbursement and registered capital remained strong in In June, PMI reached 51.
Slide 12: Business Performance Q2/2026
03 BUSINESS PERFORMANCE Q2/2026
Slide 13: 3.1 Consolidated Business Results
3.1 CONSOLIDATED BUSINESS RESULTS CONSOLIDATED NET REVENUE (bn VND) Q2 CONSOLIDATED BUSINESS PERFORMANCE 14.480 15.000 • Consolidated net revenue reached VND 14,480 bn in Q2 (+43.1% YoY), with growth contributed by all core business 11.638 10.722 10.132 sectors. 10.000 9.841 • Gross profit reached V
Slide 14: 3.2 Business Performance – Electrical Equipment
3.2 BUSINESS PERFORMANCE – ELECTRICAL EQUIPMENT BUSINESS PERFORMANCE ELECTRICAL EQUIPMENT (VND bn) • Q2 revenue reached VND 9,463 bn, up 45.2% YoY. Subsidiaries met or Net Revenue Gross Profit Gross margin exceeded their quarterly plans, supported by positive growth across product 10.000 20,0% group
Slide 15: 3.2 Business Performance – Construction Materials
3.2 BUSINESS PERFORMANCE – CONSTRUCTION MATERIALS BUSINESS PERFORMANCE CONSTRUCTION MATERIALS (VND bn) • Q2 revenue reached VND 2,325 bn, up 8.2% YoY, supported by flexible Net Revenue Gross Profit Gross margin production management, stronger sales and inventory control. 3.000 25% • Q2 gross profit
Slide 16: 3.2 Business Performance – Utilities
3.2 BUSINESS PERFORMANCE – UTILITIES BUSINESS PERFORMANCE UTILITIES INFRASTRUCTURE (VND bn) • Q2 revenue reached VND 382 bn, up 11.3% YoY, supported by the gradual capacity ramp-up of Song Da Phase 2. Q2 water output Net Revenue Gross Profit Gross margin reached 44 million m³, up 22.2% YoY. 500 47,9
Slide 17: 3.2 Business Performance – Real Estate
3.2 BUSINESS PERFORMANCE – REAL ESTATE BUSINESS PERFORMANCE REAL ESTATE (VND bn) • Q2 revenue reached VND 2,278 bn, more than doubling YoY, driven by Net Revenue Gross Profit Gross margin strong industrial park performance, with over 55 ha handed over at Song Cong 2, Phu Ha, Yen My and Thuan Thanh i
Slide 18: 3.3 Financial Position
3.3 FINANCIAL POSITION ASSETS & CAPITAL Unit (VND bn) 31/12/2025 30/06/2026 (%) +/- • Total assets reached VND 85,749 bn as of 30 June 2026 Total Assets 73,593 85,749 +16.5% (+16.5% vs year-end 2025), mainly driven by a 30.8% increase • Current Assets 39,414 41,041 +4.1% in non-current assets. The i
Slide 19: 3.4 Notable Activities
3.4 NOTABLE ACTIVITIES GELEX Strengthens Executive Board under GELEX Rolls Out Corporate Culture Project GELEX Completes Digital Transformation the New Governance Model Across the Entire Group Strategy with a Vision to 2030 GELEX appointed five functional directors to the Following 180 days of imple
Slide 20: 3.4 Notable Activities
3.4 NOTABLE ACTIVITIES GELEX Infrastructure’s 2026 AGM GELEX Publishes IFRS Financial Statements GELEX Completes 45% Shareholder Approves Business Plan and Key for the Second Consecutive Year Distribution, Including 25% Stock Resolutions for New Development Phase GELEX has continued to publish its c
Slide 21: 3.4 Notable Activities
3.4 NOTABLE ACTIVITIES After Three Years, GELEX Climbs 16 Places GELEX Named Among Asia’s Best GELEX Continues to Climb in Fortune’s in Vietnam’s Most Valuable Brands Ranking Companies to Work for for the Fourth Top 500 SEA Largest Companies According to Brand Finance Vietnam 100 2026, Consecutive Y
Slide 22: Q3/2026 Outlook
04 Q3/2026 OUTLOOK
Slide 23: Q3/2026 Outlook – Overall Outlook
Q3/2026 OUTLOOK Overall Outlook ➢ Q2/2026 business results reflected positive performance across GELEX’s core business segments, while also marking a phase of scale expansion under its long-term growth strategy, with borrowings and financial expenses increasing due to higher investment. ➢ Entering Q
Slide 24: Q3/2026 Outlook – Business Segment Outlook
Q3/2026 OUTLOOK Business Segment Outlook ➢ Electrical Equipment: Maintain growth momentum supported by demand for infrastructure investment and power generation and grid development, as well as industrial parks and real estate. Subsidiaries are expanding domestic markets and export markets, strength
Slide 25: Terms and Acronyms
TERMS AND ACRONYMS AGM Annual General Meeting of Shareholders H1 The first half of the year AP Annual Plan IMEX Import Export Bn Billion IP Industrial Park CM Construction Materials M Month CPI Consumer Price Index MOU Memorandum of Understanding EE Electrical Equipment NR Net Revenue FDI Foreign Di
Slide 26: Contact
CONTACT Investor Relations – GELEX Communication Department GELEX GROUP JSC Add: GELEX Tower, 52 Le Dai Hanh, Hai Ba Trung Dist, Hanoi Tel: +84 24 3972 6245 Fax: +84 24 3972 6282 Website: www.gelex.vn Email: ir@gelex.vn Disclaimer: The information contained in this document is provided by GELEX and