FPT Digital Retail Joint Stock Company (FRT) Q2 2025 earnings summary

Executive summary

• H1 2025 net revenue was VND 23.06tn vs VND 18.28tn YoY; net profit was VND 370.0bn vs VND 109.1bn.

• Operating profit rose to VND 472.8bn from VND 182.6bn; parent-attributable profit was VND 286.6bn vs VND 65.5bn.

Financial highlights

• H1 gross profit reached VND 4.60tn vs VND 3.62tn; cost of sales was VND 18.46tn vs VND 14.66tn.

• Financial income was VND 100.1bn vs VND 44.5bn; financial expenses were VND 182.3bn vs VND 115.3bn, including VND 182.2bn interest expense.

• Profit before tax was VND 479.2bn vs VND 160.5bn; income tax expense was VND 109.2bn vs VND 51.4bn.

Segment performance

• H1 pharmaceutical revenue was VND 16.08tn and informatics, telephones and related accessories revenue was VND 7.12tn; other revenue was VND 15.5bn before eliminations.

• Segment EBITDA was VND 772.1bn for pharmaceuticals, VND 71.7bn for informatics and related products, and VND 7.8bn for other activities.

• Pharmaceutical segment assets were VND 11.97tn and informatics segment assets VND 7.17tn at 30 June 2025, before consolidation eliminations.