911 Group (NO1) Q1 2025 earnings summary

Executive summary

• Net revenue for Q1 2025 reached VND 227.4 billion, down 22.6% year-over-year from VND 293.8 billion.

• Net profit after tax for Q1 2025 was VND 2.5 billion, a significant decrease from VND 6.1 billion in Q1 2024.

• Main business activities remain wholesale of machinery, equipment, and spare parts.

• No significant post-balance sheet events requiring disclosure.

• Board and management changes occurred, including new appointments in 2025.

Financial highlights

• Gross profit for Q1 2025 was VND 16.3 billion, up 6.6% year-over-year.

• Operating profit for Q1 2025 was VND 3.5 billion, down from VND 10.5 billion in Q1 2024.

• Total assets as of March 31, 2025: VND 651.96 billion, up from VND 537.73 billion at the start of the year.

• Owner's equity stood at VND 314.35 billion as of March 31, 2025.

• Cash and cash equivalents at quarter-end: VND 78.8 billion, down from VND 105.5 billion at the start of the year.

Outlook and guidance

• No explicit forward-looking guidance or projections provided for the remainder of 2025.

• Management affirms going concern basis and compliance with accounting standards.