Hoa Phat Group (HPG) Q1 2025 earnings summary

Executive summary

• Q1 net profit after tax was VND 3,349,805,416,084, up 17% YoY; the increase was attributed to higher sales volume and lower steel-segment costs.

• Net revenue reached VND 37,621,674,553,578, compared with VND 30,852,359,591,717 in Q1 2024.

Financial highlights

• Revenue from sales and services was VND 37,950,635,502,050; revenue deductions were VND 328,960,948,472.

• Gross profit was VND 5,424,153,925,132; net operating profit was VND 3,806,582,011,002.

• Profit before tax was VND 3,839,765,349,020; net profit attributable to parent equity holders was VND 3,344,284,694,388.

Segment performance

• Steel production and trading generated net external revenue of VND 35,432,602,220,959 and segment net operating profit of VND 6,301,770,083,973.

• Agriculture generated net external revenue of VND 1,986,952,958,960 and segment net operating profit of VND 446,410,878,381.

• Real estate generated net external revenue of VND 202,119,373,659 and segment net operating profit of VND 140,322,864,820.