Masan Group (MSN) Q2 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q2 2025 earnings summary
21 Oct, 2026Executive summary
H1 2025 net sales fell to VND37,211.7bn from VND38,989.3bn YoY, while net profit after tax rose to VND2,602.4bn from VND1,424.8bn.
Q2 net sales were VND18,315.1bn versus VND20,134.4bn YoY; net profit after tax increased to VND1,619.4bn from VND946.0bn.
Financial highlights
H1 gross profit increased to VND11,883.7bn from VND11,172.6bn YoY; cost of sales declined to VND25,328.0bn from VND27,816.7bn.
H1 operating profit rose to VND3,143.9bn from VND1,800.3bn; profit before tax was VND3,068.6bn versus VND1,802.4bn.
H1 net profit attributable to equity holders increased to VND1,425.7bn from VND606.9bn; basic EPS was VND942 versus VND416.
Q2 operating profit was VND1,624.5bn versus VND1,173.7bn, and profit before tax was VND1,846.3bn versus VND1,168.8bn YoY.
Outlook and guidance
Branded consumer products and consumer retail are seasonally stronger in Q4 ahead of Tet; production and advertising typically rise in Q4 to support festive-season demand.
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