Hai An Transport And Stevedoring (HAH) H1 2025 earnings summary

Executive summary

• Net revenue for the first six months of 2025 reached VND 2,443.8 billion, up 47.85% year-over-year, driven by increased vessel operations and higher charter rates.

• Profit after tax surged 247.74% year-over-year to VND 594.8 billion, reflecting improved performance across subsidiaries and associates.

• Three new vessels (Opus, Gama, Zeta) were added to the fleet, boosting transport output and profitability.

Financial highlights

• Gross profit for the period was VND 951.4 billion, up from VND 356.1 billion in the same period last year.

• Operating profit reached VND 846.9 billion, compared to VND 239.7 billion year-over-year.

• Earnings per share (EPS) rose to VND 3,398 from VND 925 year-over-year.

• Cash and cash equivalents at period end were VND 929.1 billion.

Outlook and guidance

• The company continues to invest in fleet expansion and infrastructure, with future capital commitments for new vessels totaling VND 2,032 billion and for a container yard project at VND 155 billion.

• Dividend payments for 2024 were approved, including both cash and stock dividends.