Vinh Phuc Infrastructure Development (IDV) H2 2025 earnings summary

Executive summary

• Achieved total assets of 2,001.2 billion VND as of 30/09/2025, up 6.4% year-over-year.

• Net revenue reached 177.6 billion VND, a 35.7% increase from 2024.

• Net profit after tax was 130.1 billion VND, down 3% year-over-year.

• Dividend payout for 2025 was 15% in shares; planned 2026 payout is 25% (10% cash, 15% shares).

• Major projects: KCN Khai Quang, KCN Châu Sơn, KCN Sông Lô II, and CCN Hồng Đức.

Financial highlights

• Total assets: 2,001.2 billion VND (+6.4% YoY).

• Owner's equity: 941.7 billion VND (+7.7% YoY).

• Net revenue: 177.6 billion VND (+35.7% YoY).

• Operating profit: 153.6 billion VND (+13.9% YoY).

• Net profit after tax: 130.1 billion VND (-3% YoY).

• Basic EPS: 2,933 VND (-2.6% YoY).

Outlook and guidance

• 2026 targets: total assets 2,250 billion VND (+12.4%), revenue 258.3 billion VND (+2%), net profit after tax 131.6 billion VND (+1.2%).

• Planned dividend payout for 2026: 25% (10% cash, 15% shares).

• Focus on legal completion and infrastructure for ongoing and new industrial park projects.