Gemadept Group (GMD) investor relations material

Executive summary

• H1 2026 revenue was VND 3.214T and profit after tax was VND 1.939T, versus VND 2.771T and VND 1.132T in H1 2025; management attributed higher profit to core growth and gains on capital transfers.

• The interim financial information review concluded that nothing came to the auditor’s attention indicating the statements failed to present a true and fair view in all material respects.

Financial highlights

• Revenue was VND 3.214T versus VND 2.771T; gross profit was VND 1.561T versus VND 1.284T; net operating profit was VND 2.313T versus VND 1.379T.

• Profit after tax was VND 1.939T versus VND 1.132T; parent-attributable profit was VND 1.658T versus VND 848.2B, while NCI profit was VND 280.2B versus VND 283.5B.

• Financial income rose to VND 749.7B from VND 91.5B, including VND 599.8B gain from transfers of long-term financial investments; financial expenses were VND 86.4B versus VND 52.3B.

• Operating cash flow was VND 1.024T versus VND 1.090T; investing cash flow was a VND 123.9B inflow versus a VND 1.019T outflow; financing cash flow was a VND 1.066T outflow.

Segment performance

• Port-operation revenue was VND 2.836T versus VND 2.447T; logistics-services revenue was VND 377.9B versus VND 323.1B.

• H1 segment financial performance was VND 1.063T for port operations and VND 63.7B for logistics; rubber-tree planting recorded a VND 36.1B loss, with VND 135.5B in deductions across segments.

• Local customer revenue was VND 3.082T and overseas revenue was VND 131.8B, compared with VND 2.666T and VND 104.5B, respectively, in H1 2025.