Vinh Phuc Infrastructure Development (IDV) H2 2024 earnings summary

Executive summary

• Total assets reached 1,880 billion VND as of 30/09/2024, up 3.5% year-over-year.

• Net revenue for FY2024 was 130.9 billion VND, down 29% compared to FY2023.

• Net profit after tax for FY2024 was 134.2 billion VND, a decrease of 15% year-over-year.

• Company maintained strong liquidity and continued investments in industrial park infrastructure.

• Dividend payout for 2024 was 30% (15% cash, 15% stock), with similar plan for 2025.

Financial highlights

• Revenue: 130.9 billion VND in FY2024, down from 184.3 billion VND in FY2023.

• Net profit after tax: 134.2 billion VND, down from 157.7 billion VND in FY2023.

• EPS: 3,463 VND, down from 4,708 VND in FY2023.

• Total assets: 1,880 billion VND, up from 1,816 billion VND.

• Owner's equity: 875 billion VND, up 10% year-over-year.

Outlook and guidance

• 2025 revenue target: 278.5 billion VND, up 67% from 2024.

• 2025 net profit after tax target: 154.6 billion VND, up 15% from 2024.

• Focus on completing legal and construction works at key industrial parks.

• Continued expansion into new industrial and urban projects in Quang Ninh and Hai Phong.