Core Insights - VinFast reported a significant increase in revenue and vehicle deliveries in 2025, with revenue reaching VND90.42 trillion ($3.59 billion), a 105.4% increase from 2024 [1] - The company delivered 196,919 electric vehicles (EVs) globally, marking a 102% year-on-year increase, surpassing its target of doubling 2024 deliveries [1] Financial Performance - VinFast posted a full-year operating loss of VND71.60 trillion, widening from VND55.39 trillion the previous year [2] - The net loss increased to VND97.24 trillion from VND77.35 trillion, with VND97.04 trillion attributable to the controlling interest [2] - In Q4, revenue reached VND39.41 trillion, a 138.9% increase year-on-year and a 117.7% increase compared to the previous quarter [2] Vehicle Deliveries and Operations - In Q4, vehicle deliveries totaled 86,557 units, up 127% from the previous quarter and 63% year-on-year [3] - As of December 31, 2025, VinFast operated 424 showrooms worldwide [3] Product Expansion - The company expanded its product portfolio across three brands: VF for mid- to high-end EVs, Green for commercial offerings, and Lac Hong for ultra-luxury models [3] - New launches included the Limo Green for fleet operators and the VF MPV 7, with production of next-generation VF 6 and VF 7 models scheduled to begin in the second half of 2026 [4] Manufacturing Capacity - VinFast increased its manufacturing capacity with new facilities in Ha Tinh, Vietnam, Tamil Nadu, India, and Subang, Indonesia, operating four EV production sites with a combined annual capacity of around 600,000 units by the end of the year [4] - The company plans to resume construction of its North Carolina manufacturing facility in 2026, with production expected to start in 2028 [6] Strategic Outlook - VinFast aims to continue expanding production capacity for EVs and e-scooters in Vietnam while exploring further development phases in India and Indonesia to establish these locations as export hubs [5]

Q4'25 Earnings Report 16 March 2026 4 Q 2 0 2 5 E A R N I N G S R E P O R T 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 vehicle sales | | | 1• | Expand overseas capacity | | | foundation, with the firm belief that electrification is the future of mobility | | | | ...

Core Insights - VinFast Auto aims to sell 300,000 vehicles globally by 2026, focusing on expanding into international markets with new models [1] - The company experienced a significant increase in global sales, which more than doubled to 196,919 vehicles in 2025 from 97,399 units in 2024, primarily due to strong domestic market performance [1] Domestic Market Performance - In Vietnam, VinFast's sales nearly doubled to 175,099 units in 2025, representing about one-third of the total 564,000 light vehicles sold in the country that year, aided by the launch of new battery-powered MPVs [2] - Domestic sales further increased by 55% to 16,172 units in January 2026, although this was a 42% decline from the record 27,649 units sold in December [2] Market Outlook and Strategy - GlobalData projects a modest 4% increase in total light vehicle sales in Vietnam, reaching 587,000 units in 2026, indicating rising competition in the domestic market [3] - To achieve its sales targets, VinFast is focusing on stronger growth in overseas markets, including Indonesia, India, and the Philippines, supported by the introduction of new models like the Limo Green taxi and VF MPV 7, along with an expanded distribution network [3]