AsemconnectVietnam - YeaH1 Group Joint Stock Company (YEG, HoSE) has just announced an explanation regarding its business results following the audited semi-annual financial report submitted to the State Securities Commission and the Ho Chi Minh City Stock Exchange.

Accordingly, after the first half of 2026, YeaH1's consolidated after-tax profit reached VND23.65 billion, a decrease of VND35.63 billion, or 60.10%, compared to VND59.29 billion in the same period of 2025. The reason is that the Group is in the investment and implementation phase of several television programs and the development of intellectual property (IP) assets in the entertainment sector. Meanwhile, revenue from concert programs, which has been the main driver of YeaH1's business growth in recent years, has not yet reached the revenue and profit recognition stage. Typically, concerts take place after the completion of television programs, such as "Brother Overcoming a Thousand Obstacles," which is expected to finish in early October, with the first concert taking place on October 17th and 18th in Ho Chi Minh City. The subsequent concert series will alternate between the South and North this year and continue into the first quarter of next year.
According to the audited report, profit was VND23.65 billion, lower by VND6.65 billion, or 21.93%, compared to the VND30.3 billion reported in the self-prepared report. According to the explanation, after the audit, the Group made several adjusting entries, including a reduction in financial revenue and the recording of additional corporate income tax expenses for the period.
In the separate report, the opposite occurred. The parent company's after-tax profit after review reached VND9.46 billion, an increase of VND8.78 billion, or 1,294.58%, compared to the pre-review figure of VND678 million. This increase is due to the parent company adjusting the method of recording and allocating production costs of television programs based on the expected operating time and the potential for generating economic benefits in future periods. This reduced the costs recorded during the period and correspondingly increased profits. YeaH1 believes that the allocation method based on the expected operating time more accurately reflects the relationship between revenue, costs, and business results in each period.
Compared to the same period last year, the parent company also shifted from a loss of VND120.39 billion in the first half of 2025 to a profit of VND9.46 billion, an improvement of VND129.85 billion. The reason is that in the first six months of 2025, the parent company recorded a financial expense of VND138.17 billion related to the difference from the original cost of the investment in Giga1 Commercial Technology Joint Stock Company. Excluding the financial expense from the same period of the previous year, the parent company's profit continued to improve compared to the same period.
Source: VITIC/Bao Tai chinh – Dau tu