911 Group (NO1) Q4 2024 earnings summary

Executive summary

• Revenue for FY2024 reached VND 802.3 billion, up 31% year-over-year; Q4 revenue was VND 133.8 billion, down 33% from Q4 2023.

• Net profit after tax for FY2024 was VND 19.6 billion, a 16% increase year-over-year; Q4 net profit was VND 198 million.

• Total assets as of Dec 31, 2024, were VND 539.1 billion, up 23% from the previous year.

• No significant events occurred after the reporting period requiring disclosure or adjustment.

Financial highlights

• Gross profit for FY2024 was VND 54.7 billion, up 57% year-over-year; Q4 gross profit was VND 1.7 billion.

• Operating profit for FY2024 was VND 25.1 billion, up 26% year-over-year.

• Cash and cash equivalents at year-end were VND 81.3 billion, up from VND 47.1 billion at the start of the year.

• Owner's equity increased to VND 316.0 billion from VND 308.6 billion year-over-year.

• Dividend payments totaled VND 12 billion during the year.

Outlook and guidance

• The company prepares financial statements on a going concern basis and confirms compliance with all relevant accounting and disclosure regulations.