FPT Digital Retail Joint Stock Company (FRT) Q1 2025 earnings summary

Executive summary

• Q1 2025 net revenue was VND 11.67tn versus VND 9.04tn in Q1 2024; net profit was VND 212.8bn versus VND 60.7bn.

• Operating cash flow remained positive at VND 1.14tn; quarter-end cash and cash equivalents were VND 3.39tn.

Financial highlights

• Gross revenue was VND 11.70tn versus VND 9.07tn; net revenue after returns was VND 11.67tn versus VND 9.04tn.

• Gross profit was VND 2.32tn versus VND 1.81tn; operating profit was VND 267.1bn versus VND 89.1bn.

• Profit before tax was VND 272.5bn versus VND 88.7bn; net profit after tax was VND 212.8bn versus VND 60.7bn.

• Parent-attributable net profit was VND 168.0bn versus VND 38.8bn; non-controlling interests’ profit was VND 44.8bn versus VND 21.9bn.

Segment performance

• Pharmaceutical business revenue was VND 8.05tn versus VND 5.53tn; informatics equipment, phones, components and accessories revenue was VND 3.68tn versus VND 3.58tn.

• Segment EBITDA, as presented before interest, tax, depreciation and amortisation, was VND 410.5bn for pharmaceuticals and VND 40.0bn for informatics in Q1 2025.

• Other-segment revenue was VND 7.1bn; consolidation eliminations were VND 73.1bn, resulting in total segment revenue of VND 11.67tn.