Slide 1: Business Performance Presentation Q3/2025
Business Performance Presentation Q3/2025
Slide 2: Main Content
MAIN CONTENT 1. Macroeconomic situation 3. Business results by sector GDP in Q3 increased by 8.23%, and 9M/2025 increased by In Q3, revenue from Electrical Equipment sector was 6,252 bn 7.85%, while inflation is well controlled. Both implemented and VND, an increase of 8.0% YoY; Construction Materia
Slide 3: Macro Situation Update
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Slide 4: Vietnam Macro Situation Q3
VIETNAM MACRO SITUATION Q3 Vietnam's economy in Q3 continued to grow positively, with inflation well controlled despite global uncertainties and tariff issues. GDP Average CPI in 9M FDI (bn USD) Accumulated Public investment (trillion VND) 13,4 3,88% 2024 2025 7,83% 7,96% 8,23% 11,0 10,5 7,09% 3,16%
Slide 5: Consolidated Business Performance
2 CONSOLIDATED BUSINESS PERFORMANCE 5
Slide 6: Core Business Sectors
CORE BUSSINESS SECTORS 1. ELECTRICAL EQUIPMENT 3. UTILITY INFRASTRUCTURE 35 years leading in Vietnam electrical equipment market with top Energy: Experienced in investing and operating renewable energy brands, such as: CADIVI, THIBIDI, HEM, EMIC, CFT, MEE. projects with a total capacity of 245 MW (t
Slide 7: Consolidated Business Results
CONSOLIDATED BUSINESS RESULTS GELEX Consolidated Results (VND bn) Consolidated Revenue (VND bn) Electrical Equipment Construction Materials IP&RE Utilities Other Net Revenue Gross Profit Profit Before Tax Gross Margin (RHS) 10.000 13% 11% 7% 25% 8.000 9% 21% 24% 15% 25% 9.841 22% 10.000 6.000 18% 4.
Slide 8: Asset and Capital Structure
ASSET AND CAPITAL STRUCTURE Unit (bn VND) 31/12/2024 30/09/2025 +/- YTD • Total assets as of Sep 30, 2025 reached Total Assets 53,782 65,251 +21.3% VND 65,251 bn, up 21.3% YTD. Current assets increased 40.1%, mainly driven by: A. Current Assets 22,829 31,983 +40.1% (i) higher short-term financial in
Slide 9: Healthy Financial Situation
HEALTHY FINANCIAL SITUATION 31/12/24 31/03/25 30/06/25 30/09/25 Leverage Ratios ▪ Total Liabilities/Total Assets 0.6 0.6 0.6 0.6 ▪ Loans/Equity 0.7 0.8 0.8 0.8 ▪ Total Liabilities/Equity 1.3 1.3 1.3 1.4 Liquidity Ratios ▪ Current ratio 1.3 1.5 1.5 1.6 ▪ Quick Ratio 0.8 1.0 0.9 1.1 ▪ Net Debt/EBITDA
Slide 10: Business Performance by Sectors
3 BUSSINESS PERFORMANCE BY SECTORS 10
Slide 11: Business Performance – Electrical Equipment
BUSINESS PERFORMANCE – ELECTRICAL EQUIPMENT ▪ Net revenue Q3 reached VND 6,252 bn, up 8% YoY. Business units delivered Electrical Equipment Sector Performance (VND bn) strong performance, exceeding Q3/2025 targets. Net Revenue Gross Profit Gross Profit Margin (RHS) 7.000 18% ▪ Gross margin Q3 was 16
Slide 12: Business Performance – Construction Materials
BUSINESS PERFORMANCE – CONSTRUCTION MATERIALS Construction Materials Performance (bn VND) ▪ Net Revenue Q2 reached VND 2,471 bn, up 26.6% YoY. All product Net Revenue Gross Profit Gross Profit Margin (RHS) segments recorded positive recovery YoY. Tile and sanitary ware segments 3.000 20% performed w
Slide 13: Business Performance – IP&RE
BUSINESS PERFORMANCE – IP&RE ▪ Net Revenue Q2 reached VND 720 bn, down 5.1% YoY and lower than previous IP&RE Sector Performance (VND bn) quarters due to reduced industrial land handover. Net Revenue Gross Profit Gross Profit Margin (RHS) 80% ▪ Gross margin was 39.6%, down YoY and QoQ as previous pe
Slide 14: Business Performance – Utilities
BUSINESS PERFORMANCE – UTILITIES Utilities Sector Performance (VND bn) Net Revenue Gross Profit Gross Profit Margin (RHS) 400 50% 350 45% 40% 300 35% 250 30% 200 25% 150 20% 15% 100 10% 50 5% - 0% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ▪ Utilities Revenue Q3 reached VND 359 bn (+73.4% YoY), driven
Slide 15: Notable Activities
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Slide 16: Notable Activities
NOTABLE ACTIVITIES Launching the E-Office Digital GELEX was honored among Top 30 Office Management Project Strategic Investment Groups in GELEX officially implements the E- Vietnam 2025 (ALPHA30) Office Digital Office Management The recognition, announced for the first Project as part of its compreh
Slide 17: Notable Activities
NOTABLE ACTIVITIES CADIVI celebrates its 50th GELEX honored “Best Companies anniversary to Work for in Asia” for the third With the theme “Strong Conductor – consecutive year The “Best Companies to Work for in Bright Nation”, the 50th anniversary Asia 2025” award by HR Asia celebration of CADIVI mar
Slide 18: 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 Material M Month CPI Consumer Price Index MOU Memorandum of Understanding EE Electrical Equipment NR Net Revenue FDI Foreign Dir
Slide 19: Thank you!
Thank you ! Investor Relation Department 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 Disclaim: The information contained in this document is provided by GELEX and its member companies for the purpose