PGT Holdings swings to profit in strong first half 2025

PGT Holdings Joint Stock Company reported a net profit after enterprise income tax of VND 2,804,270,254 for the first six months of 2025, a significant improvement from the VND (3,107,352,130) loss in the same period of 2024. This positive shift is driven by a notable increase in revenues from sales and services rendered, reaching VND 24,055,649,194, up from VND 11,771,685,279 in the first half of 2024. Gross revenues also saw a substantial rise to VND 9,354,389,789 from VND 2,620,895,642 year-over-year.

The company's total assets as of June 30, 2025, increased to VND 78,597,034,753 from VND 69,577,407,635 at the beginning of the year. This growth was supported by an increase in cash and cash equivalents to VND 9,437,526,527 from VND 7,690,504,685, and a rise in short-term receivables to VND 38,737,703,892 from VND 33,763,689,583.

Owner's equity also strengthened to VND 47,996,118,335 as of June 30, 2025, compared to VND 44,486,669,407 at the start of the year. The basic earnings per share turned positive, reaching VND 320, a reversal from the VND (337) loss per share previously reported.