Global Electrical Technology reports Q2 2025 profit surge driven by strong revenue

Global Electrical Technology Corporation reported a significant 619.14% increase in standalone after-tax profit for Q2 2025, reaching VND 3,424,916,553, compared to VND -659,732,768 in Q2 2024. This growth is primarily attributed to a rise in revenue during the period. The consolidated after-tax profit for Q2 2025 also saw a substantial increase of 215.79%, amounting to VND 2,305,939,219, up from VND -1,991,434,030 in Q2 2024, also driven by increased revenue.

The company's net revenue from sales and services for Q2 2025 reached VND 43,292,624,741, a notable increase from VND 11,263,879,117 in the same period last year. Gross profit from sales and services rose to VND 12,143,736,746 in Q2 2025, compared to VND 2,094,882,633 in Q2 2024.

Financial income for Q2 2025 was VND 176,601,676, a decrease from VND 1,044,940,412 in Q2 2024, while financial expenses rose to VND 548,437,981 from VND 262,668,836. Selling expenses also increased to VND 4,285,810,144 from VND 1,864,602,117, and general and administrative expenses were VND 2,994,534,309, up from VND 1,674,882,582.