Slide 1: Business Performance Presentation Q4/2025
Business Performance Presentation Q4/2025
Slide 2: Main Content
MAIN CONTENT 1. Macroeconomic situation 3. Business results by sector GDP grew 8.46% YoY in Q4; FY2025 growth reached 8.02%, All segments recorded positive revenue growth YoY in Q4. among the highest globally. Average CPI was 3.31%, below the Electrical Equipment (+17.7%), Construction Materials (+2
Slide 3: Macro Situation Update
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Slide 4: Vietnam Macro Situation Q4
VIETNAM MACRO SITUATION Q4 Vietnam’s economy maintained positive growth in Q4, with inflation under control. CPI FDI (bn USD) Accumulated Public investment GDP (trillion VND) 755 3,63% 13,4 3,15% 3,25% 3,31% 8,16% 8,25% 8,46% 11,0 10,5 2024 2025 7,51% 7,05% 9,9 7,1 8,8 8,0 1,84% 6,8 7,0 5,0 Q4/24 Q1
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) 12.000 10.000 13% 13% 11% 7% 8.000 21% 12.000 11.638 35% 24% 15% 21% 25% 6.0
Slide 8: Asset and Capital Structure
ASSET AND CAPITAL STRUCTURE Đơn vị (tỷ VND) 31/12/2024 31/12/2025 +/- YoY • Total assets as of 31/12/2025 reached Total Assets 53,782 73,557 36.8% VND 73,557 bn, up 36.8% vs. beginning A. Current Assets 22,829 39,392 72.6% of the year. Current assets rose 72.6%, driven by: (i) higher cash & cash B.
Slide 9: Healthy Financial Situation
HEALTHY FINANCIAL SITUATION 31/12/24 31/12/25 Leverage Ratios ▪ Total Liabilities/Total Assets 0.57 0.59 ▪ Loans/Equity 0.71 0.96 ▪ Total Liabilities/Equity 1.31 1.44 Liquidity Ratios ▪ Current ratio 1.34 1.81 ▪ Quick Ratio 0.83 1.15 ▪ Net Debt/EBITDA 1.11 1.22 ▪ Debt Service Coverage Ratio (DSCR) 1
Slide 10: Business Performance by Sectors
3 BUSSINESS PERFORMANCE BY SECTORS
Slide 11: Business Performance – Electrical Equipment
BUSINESS PERFORMANCE – ELECTRICAL EQUIPMENT ▪ Q4 net revenue of EE reached VND 7,174 bn, up 17.7% YoY. Business units Electrical Equipment Performance (VND bn) Net Revenue Gross Profit Gross Profit Margin (RHS) maintained strong performance, exceeding quarterly targets. ▪ Q4 gross margin was 16.3%,
Slide 12: Business Performance – Construction Materials (CM)
BUSINESS PERFORMANCE – CONSTRUCTION MATERIALS (CM) Construction Materials Performance (bn VND) ▪ Q4 net revenue of CM reached VND 2,439 bn, up 2.1% YoY. Product Net Revenue Gross Profit Gross Profit Margin (RHS) segments showed stronger recovery in the later months; however, the glass 3.000 30% segm
Slide 13: Business Performance – IP&RE
BUSINESS PERFORMANCE – IP&RE ▪ Q4 net revenue of IP & RE reached VND 1,560 bn, up 14.9% YoY and improving IP&RE Sector Performance (VND bn) strongly QoQ, indicating a gradual market recovery following tariff impacts and global Net Revenue Gross Profit Gross Profit Margin (RHS) uncertainties in Q2–Q3
Slide 14: Business Performance – Utilities
BUSINESS PERFORMANCE – UTILITIES Utilities Sector Performance (VND bn) ▪ Q4 net revenue of Utilities reached VND 413 bn, up 59.5% Net Revenue Gross Profit Gross Profit Margin (RHS) YoY, driven by strong growth in the clean water segment with 48% higher output and selling prices. 450 47% 50% 400 ▪ Q4
Slide 15: Notable Activities
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Slide 16: Notable Activities
NOTABLE ACTIVITIES GELEX received an A credit GELEX Infrastructure successfully rating from VIS Rating, with completed IPO & HoSE listing outlook upgraded to Positive expected in Feb 2026 In the 2025 review, GELEX was the The company successfully offered 100 first to be upgraded from Stable to mn sh
Slide 17: Notable Activities
NOTABLE ACTIVITIES FPT and GELEX entered a strategic GELEX partnered with Foreign partnership to develop blockchain Trade University to develop high- technology, targeting international quality talent markets Under the GELEX Connection project The collaboration focuses on four (2025–2035), the partn
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