Minh Phú Group’s Q2 2025 Financial Report: A Deep Dive

MPC, the leading seafood corporation, has released its Q2 2025 financial report, revealing a 3.1% decline in revenue compared to Q2 2024. Despite this, their gross profit increased by 10%, thanks to a more significant decrease in cost of goods sold.

The company attributed this success to their strategic focus on producing and selling higher-value products, thereby increasing their gross profit margin and, ultimately, their net income. This strategic shift has paid off, as evidenced by the impressive 329% surge in net income for Q2 2025, amounting to VND 165 billion, the highest in the past ten quarters.

Furthermore, selling and management expenses were reduced, and the company recognized a profit of VND 5.6 billion from their joint ventures and associates, compared to a loss of VND 26.5 billion in the previous year.

For the first half of 2025, Minh Phu’s revenue remained relatively unchanged from the previous year, while their net income soared by 300%, amounting to VND 183 billion. As of June 30, the company’s total assets decreased by VND 150 billion from the beginning of the year, with a notable reduction in cash and bank deposits of VND 286 billion.

Total liabilities decreased to VND 4,239 billion, including nearly VND 3,346 billion in total loans. On a positive note, owners’ equity increased to VND 5,148 billion.