911 Group (NO1) Q2 2025 earnings summary

Executive summary

• Main business activities focused on wholesale of machinery and equipment, with significant revenue growth due to a recovering real estate market and increased demand for construction vehicles.

• The company operates as a joint stock company, listed on HOSE, with 236 employees as of June 30, 2025.

• This is the first period of consolidated financial statements, so no prior period comparison is available.

Financial highlights

• Net sales for the six months ended June 30, 2025, reached VND 840.5 billion.

• Gross profit was VND 64.6 billion, with a gross margin of 7.7%.

• Net profit after tax was VND 11.86 billion; earnings per share (EPS) was VND 530.

• Total assets increased to VND 899.1 billion from VND 537.7 billion at the start of the year.

• Owners' equity stood at VND 319.0 billion as of June 30, 2025.

Outlook and guidance

• The company expects continued growth, supported by a recovering real estate market and increased construction activity.