Slide 1: Q4'25 Earnings Report
Q4’25 Earnings Report 16 March 2026
Slide 2: Making Electric Mobility Accessible to Everyone
4Q2025 EARNINGS REPORT 2 Making Electric Mobility Accessible to Everyone BUILDING THE FOUNDATION STRATEGIC INVESTMENTS 2017-2023 2024-2025 2026 Established our brand and industrial Became the #1 mobility brand in Vietnam by foundation, with the firm belief that vehicle sales 1 • Expand overseas capa
Slide 3: Q4'25 Highlights – Extended Domestic Market Leadership and Achieved New Milestones
4Q2025 EARNINGS REPORT 3 Q4'25 Highlights – Extended Domestic Market Leadership and Achieved New Operational and Financial Milestones • R&D: 7% of revenue 16 Consecutive Months as the #1 OEM Nationwide in Vietnam Strongest (best level to date) Unit • SG&A: 25% of revenue (vs. 40% in Q4'24) Economics
Slide 4: 2025 Highlights – Another Landmark Year for VinFast
4Q2025 EARNINGS REPORT 4 2025 Highlights – Another Landmark Year for VinFast EXCEEDED GUIDANCE MAINTAINED THE #1 OEM POSITION 11% DELIVERIES IN 2025 IN VIETNAM BY INT’L MARKETS • Delivered 196,919 EVs for the full year, • Ended 2025 with an estimated 36% • The Philippines – #2 BEV brand exceeded gui
Slide 5: 2026 Priorities – Manufacturing, Key Product Drivers, Market Plans
4Q2025 EARNINGS REPORT 5 2026 Priorities – Manufacturing, Key Product Drivers, Market Plans Manufacturing 2026 Key Product Drivers 2026 Market Plans VinFast has embedded smart manufacturing processes Four models designed to deliver structurally lower BOM In our core Asian markets, our focus will con
Slide 6: Strategic Investments in Tech Stack and Smart Manufacturing
4Q2025 EARNINGS REPORT 6 Strategic Investments in Tech Stack and Smart Manufacturing in Support of Our Mission To Make EVs Accessible to Everyone Vertically Integrated Technology Stack Strategic Technology Factory of the Future Ownership of core technologies across EV platform Partners Robotics and
Slide 7: R&D Engine Powering Next-Generation Technologies
4Q2025 EARNINGS REPORT 7 R&D Engine Powering Next-Generation Technologies In-house R&D professionals at VinFast and software engineers across the related technology companies within the Vingroup ecosystem collectively producing differentiated technology for VinFast Technology and Green Mobility Ecos
Slide 8: Financial Summary – Q4'25 Represented Strongest Quarter to Date
4Q2025 EARNINGS REPORT 8 Financial Summary – Q4’25 Represented Strongest Quarter to Date Commentary $mn, except per share data Q4'25 Q3'25 Q4'24 QoQ YoY FY'25 FY'24 YoY 2025 results reflects a focus on accelerating revenue growth while improving operating efficiency over time. Total revenue 1,569 72
Slide 9: Financial Performance
4Q2025 EARNINGS REPORT 9 Financial Performance Adjusted EBITDA (non-GAAP) 1 and Revenue Reported gross profit/ (loss) and gross margin Adjusted EBITDA (non-GAAP)1 margin $mn % % Reported GP $mn Adjusted EBITDA $mn 3,600 (1,006) (1,531) (228) (272) (405) (626) (1,796) (2,377) (366) (418) (578) (1,015
Slide 10: Financial Performance
4Q2025 EARNINGS REPORT 10 Financial Performance SG&A expenses1 R&D expenses Net profit/(loss) and Net profit/(loss) margin $mn $mn % SG&A as a percentage of revenue R&D as a percentage of revenue Net profit / (loss) $mn 38.4% 23.5% 23.0% 20.5% 23.9% 24.9% 22.8% 10.9% 12.4% 14.1% 14.8% 7.3% (3,079) (
Slide 11: Financial Performance
4Q2025 EARNINGS REPORT 11 Financial Performance Cash & cash equivalents Change in cash position $mn Total Liquidity1 ~$3.1BN $mn CFO CFI CFF Net movement in cash 350 293 40 (260) 387 167 (445) (270) 507 (208) (266) (310) 613 37 132 31 Dec 24 30 Sep 25 31 Dec 25 Short and long-term debt2 $mn Total de
Slide 12: Condensed Consolidated Statement of Operations
4Q2025 EARNINGS REPORT 12 Condensed Consolidated Statement of Operations For the Three Months Ended December 31, For the Year Ended December 31, $mn, except per share data 2025 2024 2025 2024 Revenue 1,569 657 3,600 1,752 COGS (2,195) (1,176) (5,131) (2,759) Gross profit/ (loss) (626) (520) (1,531)
Slide 13: Condensed Consolidated Balance Sheet
4Q2025 EARNINGS REPORT 13 Condensed Consolidated Balance Sheet $mn Dec 31, 2025 Dec 31, 2024 $mn Dec 31, 2025 Dec 31, 2024 ASSETS LIABILITIES Cash & Cash Equivalents 293 132 Short-term and current portion of long-term 1,397 1,557 interest-bearing loans and borrowings Trade receivables 186 223 Trade
Slide 14: Condensed Consolidated Statement of Cash Flows
4Q2025 EARNINGS REPORT 14 Condensed Consolidated Statement of Cash Flows For the Year Ended December 31, $mn 2025 2024 Net cash flows used in operating activities (1,774) (1,213) Net cash flows used in investing activities (1,076) (638) Net cash flows from financing activities 3,096 1,951 Net increa
Slide 15: Reconciliation of GAAP to Non-GAAP Financial Measures
4Q2025 EARNINGS REPORT 15 Reconciliation of GAAP to Non-GAAP Financial Measures $mn, except per share data 2025 Q4 2025 Q3 2024 Q4 2025 2024 Net loss attributable to controlling interest (GAAP) (1,397) (953) (1,217) (3,863) (3,076) Finance costs (226) (239) (216) (888) (761) Tax income/ (expense) 1
Slide 16: Disclaimer
4Q2025 EARNINGS REPORT 16 Disclaimer Non-GAAP and Other Financial and Operating Metrics This presentation includes certain financial measures not prepared in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”), including Adjusted EBITDA, Adjusted EBITDA Margin (collect
Slide 17: Investor Relations Department
4Q2025 EARNINGS REPORT 17 Investor Relations Department VinFast Auto Ltd. 61 Robinson Road, #06-01, Singapore 068893 Website: https://ir.vinfastauto.us E-mail: ir@vinfastauto.com Follow us for the latest updates: https://www.linkedin.com/company/vinfast/ https://x.com/vinfastIR