Slide 1: Q3’25 Earnings Report
Q3’25 Earnings Report 21 November 2025
Slide 2: Nation’s best-selling carmaker
3Q2025 EARNINGS REPORT 2 100,000+ 13 EVs delivered within the first Consecutive months as the 3 quarters of a single year nation’s best-selling carmaker
Slide 3: VinFast Remains In Growth Mode – Both At Home And Abroad
3Q2025 EARNINGS REPORT 3 VinFast Remains In Growth Mode – Both At Home And Abroad ON TRACK FOR 2025 TARGET 2-WHEELER MOMENTUM THREE DISTINCT BRANDS ACCELERATES To at least 38,195 EVs delivered Nearly 120,052 2W delivered • VinFast – Smart, reliable EVs for in Q3’25, up 74% y/y in Q3’25, up 535% y/y
Slide 4: Table of Content
3Q2025 EARNINGS REPORT 4 Table of Content Business Highlights 05 Financial Summary 11 Outlook 13 Appendix 15 Financial Statements 19
Slide 5: Business Highlights
Business 1 Highlights
Slide 6: Q3’25 Deliveries: Robust Y-O-Y Growth Momentum Continued in Both EV and 2W Products
3Q2025 EARNINGS REPORT 6 Q3’25 Deliveries: Robust Y-O-Y Growth Momentum Continued in Both EV and 2W Products Electric Vehicles Delivered (Units) E-Scooters and E-Bikes Delivered (Units) +74% YoY Q3 growth +535% YoY Q3 growth 234,536 +149% YoY 9M growth +489% YoY 9M growth 110,362 120,052 44,260 38,1
Slide 7: Solidifying National Champion Status with Four VinFast EVs Among the Top 10 Best Selling Car Models
3Q2025 EARNINGS REPORT 7 Solidifying National Champion Status with Four VinFast EVs Among the Top 10 Best Selling Car Models in 9M2025 Robust market growth – led by VinFast Vietnam’s National Champion with 4 out of 10 best selling cars in 9M25 being Automobile market in Vietnam (9M2024 – 9M2025)1 Vi
Slide 8: Disciplined International Growth Supported by Affiliated Green Taxi and Charging Ecosystem
3Q2025 EARNINGS REPORT 8 Disciplined International Growth Supported by Affiliated Green Taxi and Charging Ecosystem Global showrooms network Country Market size (mn car deliveries) VinFast Footprint Asia 7.5 5.2 • Opened sales of VF 6 and VF 7 • VF 7 – “Most Awaited New Car” by ABP News Car penetrat
Slide 9: VinFast’s Family of Brands - Diversity in Branding, Harmony in Vehicle Architecture
3Q2025 EARNINGS REPORT 9 VinFast’s Family of Brands - Diversity in Branding, Harmony in Vehicle Architecture LAC VINFAST GREEN HONG Lac Hong Model VF 3 VF 5 VF 6 VF 7 VF 8 VF 9 Minio Green Herio Green Nerio Green Limo Green EC Van 900 LX Starting To be $11,400 $20,300 $26,400 $30,600 $39,000 $57,400
Slide 10: R&D Strategy: Driving Smart Mobility Forward
3Q2025 EARNINGS REPORT 10 R&D Strategy: Driving Smart Mobility Forward Vision Strategy Differentiation Future Deliver cost-efficient, high-quality vehicles Leverage shared platforms and modular Adopt zonal EE architecture to reduce Apply new technologies in models that enhance customer experience th
Slide 11: Financial Summary
Financial 2 Summary
Slide 12: Financial Summary
3Q2025 EARNINGS REPORT 12 Financial Summary $mn, except per share data 2025 Q3 2025 Q2 2024 Q3 QoQ YoY 2025 9M 2024 9M YoY Commentary Total Revenue 719 659 489 9% 47% 2,025 1,093 85% • Revenue: Driven by rising EV sales in Vietnam. VF 3 and VF 5 together contributed 47% of total deliveries, while Gr
Slide 13: Outlook
3 Outlook
Slide 14: Our Current Growth Pillars: Products – Manufacturing – Markets
3Q2025 EARNINGS REPORT 14 Our Current Growth Pillars: Products – Manufacturing – Markets Product Manufacturing Markets We continue to accelerate the mass-market adoption of We increase annual designed capacity to 600,000 cars We take a regional leadership position in Southeast EVs. through three new
Slide 15: Appendix
4 Appendix
Slide 16: Financial Performance
3Q2025 EARNINGS REPORT 16 Financial Performance Revenue Reported gross profit/ (loss) and gross margin Adjusted EBITDA (non-GAAP)1 $mn $mn $mn Reported GPM 1,748 (57.4%) (24.0%) (41.1%) (56.2%) (117) (212) (417) (271) (576) (404) 719 659 489 (1,004) (1,792) 2024 3Q24 2Q25 3Q25 2024 3Q24 2Q25 3Q25 20
Slide 17: Financial Performance
3Q2025 EARNINGS REPORT 17 Financial Performance SG&A expenses1 R&D expenses Net profit/(loss) $mn $mn $mn 671 (526) (808) (953) 398 172 137 135 93 106 83 (3,071) 2024 3Q24 2Q25 3Q25 2024 3Q24 2Q25 3Q25 2024 3Q24 2Q25 3Q25 Source: Company information. VinFast 3Q2025 unaudited financial statements. No
Slide 18: Financial Performance
3Q2025 EARNINGS REPORT 18 Financial Performance Cash & cash equivalents Change in cash position $mn Total Liquidity1 ~$3.7BN $mn CFO CFI CFF Net movement in cash 547 349 (444) 53 368 (24) (461) (304) 1,256 492 (444) (269) 506 (208) 200 75 30 Sep 24 30 Jun 25 30 Sep 25 Short and long-term debt2 $mn T
Slide 19: Financial Statements
Financial 5 Statements
Slide 20: Condensed Consolidated Statement of Operations
3Q2025 EARNINGS REPORT 20 Condensed Consolidated Statement of Operations For the Three Months Ended September 30, For the Nine Months Ended September 30, $mn, except per share data 2025 2024 2025 2024 Revenue 719 489 2,025 1,093 COGS (1,122) (607) (2,928) (1,578) Gross profit/ (loss) (404) (117) (90
Slide 21: Condensed Consolidated Balance Sheet
3Q2025 EARNINGS REPORT 21 Condensed Consolidated Balance Sheet $mn Sep 30, 2025 Dec 31, 2024 $mn Sep 30, 2025 Dec 31, 2024 ASSETS LIABILITIES Cash & Cash Equivalents 349 131 Short-term and current portion of long-term 1,324 1,553 interest-bearing loans and borrowings Trade receivables 110 223 Trade
Slide 22: Condensed Consolidated Statement of Cash Flows
3Q2025 EARNINGS REPORT 22 Condensed Consolidated Statement of Cash Flows For the Nine Months Ended September 30, $mn 2025 2024 Net cash flows used in operating activities (444) (444) Net cash flows (used in)/from investing activities (269) 53 Net cash flows from financing activities 506 368 Net decr
Slide 23: Reconciliation of GAAP to Non-GAAP Financial Measures
3Q2025 EARNINGS REPORT 23 Reconciliation of GAAP to Non-GAAP Financial Measures $mn, except per share data 2025 Q3 2025 Q2 2024 Q3 9M2025 9M2024 Net loss attributable to controlling interest (GAAP) (951) (807) (525) (2,459) (1,854) Finance costs (238) (222) (198) (660) (543) Tax income/ (expense) (7
Slide 24: Disclaimer
3Q2025 EARNINGS REPORT 24 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 and free cash flow (together, th
Slide 25: Investor Relations Department
3Q2025 EARNINGS REPORT 25 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