BGI Group reports strong half-year profit growth in 2025

BGI Group Joint Stock Company (HNX:VC7) reported a consolidated profit after corporate income tax (CIT) of VND 12.46 bn for the first six months of 2025, marking a 32.5% increase from VND 9.40 bn in the same period of 2024. The net revenue for the period reached VND 200.5 bn, a 53.3% rise from VND 130.7 bn year-over-year, primarily due to accelerated construction progress and revenue recognition from key projects. Cost of goods sold also increased to VND 171.8 bn, leading to a gross profit of VND 28.7 bn, up 16.1% from VND 24.7 bn in 2024.

Operating profit for the period surged by 36.5% to VND 15.6 bn from VND 11.5 bn in the previous year, with financial and selling expenses increasing in line with operations, while general and administrative expenses were notably reduced to VND 10.1 bn from VND 12.1 bn. Total profit before tax for the first half of 2025 stood at VND 13.6 bn, reflecting a 19.6% increase from VND 11.4 bn in the prior year.

The reviewed consolidated profit after CIT of VND 12.46 bn also represents a 14% increase compared to the preliminary figure of VND 10.93 bn (before review). This adjustment primarily stems from a VND 4.49 bn increase in cost of goods sold at a subsidiary and a VND 6.02 bn downward adjustment in administrative expenses, including a VND 5.9 bn reversal of provision for doubtful debts.