AsemconnectVietnam - Amy Grupo Technology Joint Stock Company (Amy Grupo) announced its audited semi-annual financial report for 2026, audited by KPMG Vietnam Co., Ltd., showing a decline in both profit and total assets in the first half of 2026.

The auditors noted that the consolidated interim financial report for 2025 has not yet been reviewed.
In the first half of 2026, Amy Grupo recorded revenue of VND3,352.89 billion, an increase of 16.1% compared to the same period; after-tax profit reached VND300.38 billion, a decrease of 13% compared to the same period. The gross profit margin decreased from 21.3% to 18.6%.
During the period, in addition to a narrowing gross profit margin, Amy Grupo also recorded a 28.5% increase in financial expenses compared to the same period last year, equivalent to an increase of VND18.8 billion, reaching VND84.79 billion; and a 43.8% increase in selling and administrative expenses, equivalent to an increase of VND71.1 billion, reaching VND233.26 billion.
Besides declining business performance, in the first half of 2026, Amy Grupo also recorded a negative operating cash flow of VND140.7 billion compared to a positive VND176.9 billion in the same period last year. Furthermore, investment cash flow was negative VND106.85 billion and financing cash flow was positive VND91.17 billion, mainly due to increased borrowing.
As of June 30, 2026, Amy Grupo's total assets decreased by 5.8% compared to the beginning of the year, equivalent to a decrease of VND335 billion to VND5,415.4 billion. Specifically, the main assets recorded were VND1,588.5 billion in fixed assets, accounting for 29.3% of total assets; VND1,180.5 billion in inventory, accounting for 21.8% of total assets; VND1,032.5 billion in cash and short-term financial investments, accounting for 19.1% of total assets; VND992.4 billion in short-term receivables, accounting for 18.3% of total assets…
Amy Grupo further explained that, as of June 30, 2026, Amy Grupo had set aside a provision of VND46.05 billion out of a total bad debt of VND 59.16 billion. Notably, this includes bad debts of VND24.1 billion at Amygres Pte, Ltd, and VND19.3 billion at GBI Tile & Stone INC…
In addition, regarding capital sources, as of June 30, 2026, Amy Grupo's total short-term and long-term debt increased by 4.4% compared to the beginning of the year, equivalent to an increase of VND107.8 billion, reaching VND2,581.9 billion and equaling 125.8% of total equity. Of this, short-term debt was VND2,484.1 billion and long-term debt was VND97.8 billion.
Furthermore, as of June 30, 2026, Amy Grupo increased its share capital to VND1,444.6 billion (from VND1,070.05 billion at the beginning of the year). The share capital surplus was negative VND1.54 billion.
It is known that the company's equity capital includes shareholders' equity at par value and share premium (the difference between the issuance price and the par value of 10,000 VND/share).
According to our research, Amy Grupo was established in 2015 with an initial charter capital of VND40 billion. After 11 capital increases, the company currently has a charter capital of VND1,444.57 billion, including several issuances to existing shareholders and private placements at a price of 10,000 VND/share.
Amy Grupo plans to offer 16.1 million shares in an IPO at a price of 48,900 VND/share to raise VND787.29 billion. The subscription period is from July 9th to September 9th (extended by one month). Notably, of the total funds raised, VND480 billion was used to repay short-term bank loans, while VND307.29 billion was used to supplement working capital, mainly to pay suppliers.
Source: VITIC/Bao Tai chinh – Dau tu