AsemconnectVietnam - The good profit growth was mainly due to the strong improvement in the electricity segment compared to the same period.

In the first quarter of 2025, REE achieved nearly VND2,070 billion in net revenue, up 13% over the same period, while the cost of goods sold only increased by 2%, so gross profit reached VND950 billion, up 208%.
During the period, financial revenue increased by 57%, to VND110 billion; financial expenses decreased by 15%, to VND191 billion. Profit from associated companies also increased by 16%, to VND140 billion. As a result, REE's net profit was VND611 billion, up 27% over the same period.
REE said that profit increased strongly thanks to the electricity segment, mainly due to member companies such as Vinh Son - Song Hinh Hydropower (VSH) and Central Hydropower (CHP). During the period, REE's power infrastructure segment brought in VND413 billion in net profit in the first quarter, up 73% year-on-year.
The real estate segment is temporarily in decline because REE has operated the e.town 6 building with operating costs higher than revenue because it is still in the process of being filled.
As of March 31, 2025, REE's total assets reached nearly VND36.9 trillion, a slight increase compared to the beginning of the year, with nearly VND12 trillion being short-term assets, up 5%. Cash and deposits remained stable, reaching nearly VND6 trillion. Inventories increased by 8%, to nearly VND1,400 billion, mostly unfinished production and business costs. In the capital structure, payables were nearly VND13,700 billion, mostly long-term debt.
N.Nga
Source: VITIC/Tinnhanhchungkhoan