FPT Retail (FRT): Revenue increased by 29% to VND11,670 billion in Q1/2025
Sunday, April 27,2025
AsemconnectVietnam - On April 25, 2025, FPT Digital Retail Joint Stock Company (FPT Retail, code FRT - HOSE) announced its business results in Q1/2025 with revenue increasing by 29% to VND11,670 billion and pre-tax profit increasing by 207% over the same period, increasing by VND273 billion.
At the end of 2025, FPT Retail recorded the most reasonable revenue of VND 11,670 billion, up 29% over the same period, completing the plan by 24%.
Of which, FPT Long Chau contributed VND8,054 billion, growing by 46% in Q1/2024 and using 69% of the total revenue of the whole company.
By the end of the first quarter of 2025, the Long Chau pharmacy chain had increased the number of stores to 2,022, while recording an average revenue of VND1.3 billion/pharmacy/month, affirming the growing trust and loyalty of customers to FPT Long Chau thanks to its outstanding and transparent product and service quality.
Also related to the Long Chau chain, at the Annual General Meeting of Shareholders on the afternoon of April 25, FPT Retail introduced a new strategic investor, Creador SDN Bhd. Mr. Hoang Trung Kien, General Director of FPT Retail, shared that Creador SDN Bhd is an experienced partner with a wide network in the region in pharmacy and healthcare.
Mr. Pham Duy Hoang Nam, CFO of FPT Retail shared details of the deal: “The investor will invest in the Long Chau chain in stages, within 1 year, with the goal of owning 13% of shares. Of which 50% will be purchased from existing shareholders and the remaining 50% will be newly issued”.
“We find that Creador SDN Bhd will provide good support in analyzing, providing perspectives, ... as well as introducing relationships for us to visit and learn in developing our healthcare ecosystem”, Ms. Nguyen Bach Diep, Chairman of the Board of Directors of FPT Retail, said about the strategic cooperation.
In contrast to the FPT Shop chain, thanks to the strategy of optimizing operations and the basis of regenerating the portfolio focusing on products with growth potential, the system maintained feasible business results in the first quarter of the year, reaching VND3,682 billion.
The product groups of watches, smart wearables, tablets and audio accessories continue to record positive growth, showing effective results from FPT Shop's strategy of diversifying product portfolios, expanding product baskets and providing cross-selling of value-added products; at the same time, it is possible to proactively realize strategic adjustments to effectively apply to constantly changing macro factors. Services are a bright spot in the first quarter of 2025 with 2 main pillars including MVNO telecommunications services and warranty services, bringing diverse services to customers and creating a difference for FPT Shop in the context of fierce market competition. In summary, FPT Retail's pre-tax profit in the first quarter of 2025 reached VND273 billion, up 207% over the same period and completing 30% of the 2025 plan.
Regarding the store network, by the end of the first quarter of 2024, FPT Retail owned a store network of 2,794 stores nationwide. Of which, FPT Long Chau continued to expand to 2,022 pharmacies, and Long Chau pharmacy also expanded to 144 centers.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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