Slide 1: Business Performance Presentation Q2/2025
Business Performance Presentation Q2/2025 1
Slide 2: Main Contents
MAIN CONTENTS 1. Macroeconomic Situation 3. Business Results by Sector Vietnam's GDP grew by 7.96% in Q2 and 7.52% in 6M/2025 — In Q2, Net revenue from Electrical Equipment reached VND the highest rate since 2011, with inflation well under control 6,518 bn (+22.8% YoY); Construction Materials: VND 2
Slide 3: Macroeconomic Situation Update
Business Performance Presentation Q2/2025 MACROECONOMIC 1 SITUATION UPDATE
Slide 4: Vietnam Macroeconomic Situation Q2
VIETNAM MACROECONOMIC SITUATION Q2 Vietnam’s economy maintained strong growth in Q2, with inflation well-controlled despite global uncertainties and trade tariff risks. Pubic Investment Average CPI in 6M FDI (bn USD) GDP (trillion VND) 13,4 4,08% 7,96% 11,0 10,5 7,83% 3,29% 3,27% 9,6 2024 2025 6,57%
Slide 5: Update on U.S. Tariff Issues
UPDATE ON U.S. TARIFF ISSUES Tariff Adjustments: April Proposal vs Current Rates – VN and Regional Countries Tariff in Apr 2025 Curent Tariff 49 46 36 36 36 37 35 32 24 25 25 24 25 20 19 15 Vietnam Japan South Korea Thailand Malaysia Indonesia Cambodia Bangladesh Vietnam became the 3rd country to re
Slide 6: Business Performance Consolidated
Business Performance Presentation Q2/2025 2 BUSINESS PERFORMANCE CONSOLIDATED 6
Slide 7: Main Business Sectors
MAIN BUSSINESS SECTORS 1. ELECTRICAL EQUIPMENT 3. UTILITIES 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 (transferred 3
Slide 8: Consolidated Business Results
CONSOLIDATED BUSINESS RESULTS Net Revenue Breakdown (VND bn) Electrical Equipment Construction Materials IP&RE Utilities Other GELEX Consolidated Results (VND bn) 10.000 Net Revenue Gross Profit 13% 11% 8.000 10% 9% 21% Profit Before Tax Gross Profit Margin 22% 24% 15% 25% 6.000 19% 23% 18% 4.000 21
Slide 9: Asset and Capital Structure
ASSET AND CAPITAL STRUCTURE Unit (bn VND) 31/12/2024 30/06/2025 +/- (%) • Total Assets as of 30 June 2025 Total Assets 53,782 59,261 +10.2% reached VND 59,261 bn (+10.2% YTD). A. Current Assets 22,829 26,575 +16.4% Current assets rose by 16.4%, mainly driven by:(i) Increased financial B. Long-term A
Slide 10: Healthy Financial Position
HEALTHY FINANCIAL POSITION 31/12/24 31/03/25 30/06/25 Leverage Ratios 31/12/24 31/03/25 30/06/25 Leverage Ratios 1,3 1,4 ▪ Total Liabilities/Total Assets 0.6 0.6 0.6 1,2 ▪ Loans/Equity 0.7 0.8 0.8 1,0 0,8 ▪ Total Liabilities/Equity 1.3 1.3 1.3 0,8 0,6 0,6 Liquidity Ratios 0,4 ▪ Current ratio 1.3 1.5
Slide 11: Business Performance by Sectors
Business Performance Presentation Q2/2025 BUSSINESS 3 BY SECTORS PERFORMANCE 11
Slide 12: Business Performance – Electrical Equipment
BUSINESS PERFORMANCE – ELECTRICAL EQUIPMENT ▪ Net revenue Q2 reached VND 6,518 bn, up 27.6% YoY. Business units in this Electrical Equipment Sector Performance (VND bn) sector delivered strong performance, exceeding Q2/2025 targets. Net Revenue Gross Profit Gross Profit Margin (RHS) 7.000 6.518 18%
Slide 13: Business Performance – Construction Materials
BUSINESS PERFORMANCE – CONSTRUCTION MATERIALS Construction Materials Performance (VND bn) ▪ Net Revenue Q2 reached VND 1,935 bn, up 11.1% YoY. The Tiles and Net Revenue Gross Profit Gross Profit Margin (RHS) 3.000 20% Sanitary ware segments continued to post a strong recovery in business 18% 2.149 2
Slide 14: Business Performance – IP&RE
BUSINESS PERFORMANCE – IP&RE IP&RE Sector Performance (VND bn) ▪ Net Revenue Q2 reached VND 1,111 bn, up 39.4% YoY. Net Revenue Gross Profit Gross Profit Margin (RHS) 80% ▪ Gross profit margin rose sharply to 76.3%, driven by reduced investment costs at 1.400 70% several industrial park projects dur
Slide 15: Business Performance – Utilities
BUSINESS PERFORMANCE – UTILITIES Utilities Sector Performance (VND bn) Net Revenue Gross Profit Gross Profit Margin (RHS) 400 50% 350 40% 300 250 30% 200 150 20% 100 10% 50 - 0% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 ▪ Utilities Revenue Q2 reached VND 343 bn (+17.5% YoY), driven by the grow
Slide 16: Notable Activities
Business Performance Presentation Q2/2025 NOTABLE 4 ACTIVITIES 16
Slide 17: Notable Activities
NOTABLE ACTIVITIES GELEX promotes digital transformation through GELEX launches Corporate practical initiatives Culture Development Project GELEX hosted the “Digital Innovation GELEX officially launched its Exchange” workshop as part of Corporate Culture Development Digital Transformation Project wi
Slide 18: Notable Activities
NOTABLE ACTIVITIES GELEX and Viglacera honored GELEX named in Fortune as 2025 Standard Information Southeast Asia 500 List Disclosure Corporates GELEX ranked 217th on the The award is part of the IR Awards, Fortune Southeast Asia 500 list in recognizing efforts in strict compliance 2025, up 14 place
Slide 19: 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 20: 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