AAV Group reports narrowed half-year loss amid strategic investments

AAV Group Joint Stock Company reported reviewed interim financial statements for the period from January 1 to June 30, 2025. Total assets decreased slightly from VND 891.9bn at the beginning of the period to VND 883.5bn by June 30, 2025. This period saw significant cash flow from investing activities, totaling VND 138.6bn, primarily from the recovery of a VND 160bn loan. However, cash flows from operating activities were negative, at VND (105.4bn), and financing activities were negative, at VND (8bn), mainly due to loan principal repayments.

The company's net profit after tax for the first half of 2025 was VND (494.8m), an improvement compared to a loss of VND (1bn) in the same period of 2024. This change was influenced by financial income of VND 634.7m and financial expenses of VND (449.4m), with no current corporate income tax expense recorded. Significant capital contributions include an investment of VND 90bn in Ngoc Son Construction & Trading One Member Company Limited for the "Ngoc Son Residential Area Project" and VND 140bn in International Trading & Investment Co., Ltd. for the "Cau Yen Residential Area" project.