FPT (FPT) Q4 2024 earnings summary

Executive summary

• Achieved 20% year-over-year growth in 2024, surpassing annual targets with 102% completion.

• Revenue reached VND 62,849 billion (+19.4% YoY); profit after tax VND 9,420 billion (+21% YoY).

• Q4 2024 revenue was VND 17,608 billion, up 19.9% from Q4 2023; profit after tax was VND 2,494 billion, up 21.8%.

• Technology sector was the main growth driver, contributing 62% of revenue and 47% of pre-tax profit for the year.

• EPS increased 21.9% to VND 4,940; PAT attributable to parent shareholders rose 21.4% to VND 7,849 billion.

Financial highlights

• Revenue: VND 62,849 billion in 2024, up from VND 52,618 billion in 2023 (+19.4% YoY).

• Profit after tax: VND 9,420 billion (+21% YoY).

• Basic EPS: VND 4,940 (+21.9% YoY; 2023: VND 4,052, restated for stock dividend).

• Cash and cash equivalents at year-end: VND 9,315 billion (2023: VND 8,279 billion).

• Total assets: VND 72,013 billion (2023: VND 60,283 billion).

Outlook and guidance

• Management highlights robust growth trajectory and continued focus on value creation and shareholder interests.

• Growth momentum is expected to continue, especially in the Technology sector, with strong demand in global IT services, particularly from Japan and Asia-Pacific.

• Forward-looking statements note potential risks and uncertainties that may impact future results.