Pomina Group (POM) reported remarkable growth in its first-quarter performance for 2025. The company’s revenue surged to nearly VND 1,030 billion, more than doubling its figure from the previous year (VND 471.44 billion). This quarter also marked a turnaround for POM, as they achieved a profit of nearly VND 60 billion, compared to a loss of over VND 6 billion in the same period last year.
Despite making a consolidated loss of nearly VND 160 billion after expenses, this represents a 29.22% improvement from the VND 225 billion loss in the first quarter of 2024. POM attributed this positive shift to reduced losses from their subsidiaries, which led to lower provisions for financial investment losses. This, in turn, resulted in decreased financial expenses and a narrower consolidated loss.
The company maintained strict control over non-recurring and other expenses, given that their factory remains temporarily inactive. Additionally, POM cited personnel changes and the time-consuming process of checking, reconciling, and consolidating data from their subsidiaries as reasons for the delay in submitting their first-quarter report for 2025.
As of March 31, 2025, POM’s accumulated loss after tax stood at VND 2,700 billion, while their equity decreased from VND 263 billion to VND 166 billion.
The company’s total assets as of the same date rose by VND 300 billion to over VND 10,200 billion. Their payables exceeded VND 10,000 billion, with VietinBank being the largest creditor, holding short-term debt of over VND 2,600 billion.
It’s worth noting that POM was delisted from the Ho Chi Minh Stock Exchange (HoSE) on May 10, 2024, and transitioned to the UPCoM exchange on May 23, 2024, with a starting price of VND 2,800 per share. On June 11, the share price climbed by 14.29% to VND 1,600.
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