Vimeco posts stable first half 2025 results, makes strategic acquisitions

Vimeco JSC published its consolidated financial statements for the first half of 2025, revealing a profit after tax of 895,471,946 for the Group and 895,068,129 for the Parent Company. Total assets at the end of the period stood at 1,272,531,400,792, with owner's equity at 357,738,313,379. The company’s financial health is further highlighted by cash and cash equivalents totaling 92,498,028,237. These figures indicate a consistent financial position compared to the previous year-end.

In a significant development, Vimeco's board of directors approved the acquisition of shares in Agustin Viet Nam Elevator Joint Stock Company on July 1, 2025. This strategic move involves an investment not exceeding 5,000,000,000 to secure a 33% stake. Subsequently, on July 2, 2025, Vimeco acquired 110,000 shares, representing 11% of Agustin Viet Nam's charter capital, for 1,533,290,000. Additionally, the company plans to issue an additional 2,613,413 shares, equivalent to 10% of its charter capital, in 2025 to increase its equity.

These actions underscore Vimeco’s ongoing commitment to growth and strategic expansion, leveraging a solid financial base to pursue new investment opportunities and enhance shareholder value, while maintaining its core construction and industrial production activities within Vietnam.