ONE Technologies profit surges 108% despite revenue decline

ONE Technologies Corporation reported a 108% increase in profit after tax to VND 474.9m for the first six months of 2025, compared to a loss of VND 5.7bn in the same period of 2024.

This occurred despite a 39% decrease in sales revenue, falling from VND 169.8bn in 2024 to VND 103.4bn in 2025.

The company attributed the improved profitability to decreased provision for bad debts and interest expenses, alongside increased service revenue, which yields higher profit margins than merchandise sales.