AsemconnectVietnam - The consolidated financial report for the second quarter of 2025, recently released by BV Land Joint Stock Company (UPCoM: BVL), shows a bright business picture, with a series of outstanding growth indicators.

Breakthrough growth thanks to anticipating the recovery cycle
The first half of 2025 marks a strong recovery period for the Vietnamese real estate market, with a series of positive indicators such as high GDP growth, loose credit, improved supply and increased transactions in many segments.
With the strategy of accumulating project sources when the market is still difficult, since the end of 2024, BV Land has accelerated the implementation of key projects to anticipate the recovery wave in 2025. BV Land's business strategies have been effective, helping the enterprise achieve impressive business results, clearly reflected in financial figures.
According to the consolidated financial report for the second quarter of 2025, the after-tax profit in the second quarter alone reached VND125.9 billion, an increase of 1,053% over the same period last year. In the first 6 months of the year, BV Land recorded a profit after tax of VND290.4 billion, an increase of 2,315%, equivalent to 23 times the result of the same period in 2024. In the first 6 months of 2025, BV Land recorded net revenue of more than VND1,052 billion, an increase of 149% over the same period. Cost of goods sold increased at a lower rate (+61%), helping to significantly improve gross profit margin. Total gross profit reached more than VND428 billion, reflecting improved business performance, thanks to a good product structure, fast sales speed and good cost control. Financial expenses and sales expenses also increased by 80% and 310% respectively, in line with the expansion scale. However, the business management costs increased only slightly by 8%, showing that the company maintained an effective operating foundation.
At the Annual General Meeting of Shareholders held on April 25, 2025, BV Land set a pre-tax profit target of VND522 billion and after-tax profit of VND409 billion, the highest level since the company traded on the UPCoM. With the first 6 months of the year reaching nearly VND290.4 billion, BV Land has completed nearly 71% of the annual profit plan. This is a positive signal showing that completing the full-year target is completely feasible, even exceeding the plan if the current pace is maintained.
Affirming prestige with shareholders, improving project implementation capacity
In parallel with impressive business results, BVL shares on the UPCoM market also recorded a positive increase. According to market data on the morning of July 31, 2025, BVL shares are trading around the ceiling of VND20,900/share, with liquidity exceeding the average of the last 10 sessions, reflecting increasing interest from investors. July 31, 2025 is also the trading date without the right to receive 2024 dividends, at a rate of 8% (exercising the right 100:8) of BV Land shareholders. This is a step demonstrating the company's commitment to shareholders, while also demonstrating a healthy financial foundation and stable cash flow.
Previously, in early July 2025, Tay Bac Bac Ninh Investment Joint Stock Company (BV Land owns 18.06% and is a member of the ecosystem of Bach Viet Group) was assigned as the investor to develop the new urban area in the Northwest of the city. Bac Ninh (old) (Zone 2) has a scale of 45.42 hectares and a total investment of more than VND4,000 billion. The project promises to be an urban area with a top quality of life, modern, sustainable, humane and imbued with the identity of Kinh Bac land.
Also in July, Diamond Hill Thai Nguyen - a high-end apartment complex consisting of 2 38-storey towers on Bac Son Street, Thai Nguyen, opened for sale by BV Land, attracting hundreds of customers to attend. The entire first batch of goods was successfully traded within just 24 hours, demonstrating the project's appeal as well as the reputation of the BV Land brand in the high-end housing segment.
With a healthy financial foundation, stable cash flow, large project fund and sustainable development ecosystem, BV Land is facing the opportunity for breakthrough growth in the coming years. Stability comes not only from financial indicators, but also from management capacity, strategic thinking and market confidence. These factors are helping BV Land gradually affirm its position in the group of real estate businesses with the most potential and impressive growth rate today.
N.Nga
Source: VITIC/Tinnhanhchungkhoan