In recent developments, Fat Racing Group Joint Stock Company (Ticker: DFF, UPCoM) disclosed reports on the results of insider trading.
Consequently, within just three trading sessions, Le Duy Hung, Chairman of the Board of Fat Racing Group, had over 14.7 million DFF shares forcibly sold by the securities company.
Specifically, on August 19, 2025, more than 11.6 million shares were sold; on August 20, 2025, 493,500 shares were sold; and on August 21, 2025, nearly 2.6 million shares were offloaded.
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Following these transactions, the Chairman’s holdings decreased from over 33.7 million DFF shares to nearly 19 million, resulting in a reduction in ownership percentage from 42.16% to 23.73%.
In terms of business performance, according to the consolidated financial statements for Q2 2025, Fat Racing Group recorded gross revenue of over VND 44.2 billion, a 31.9% increase compared to the same period last year. After deducting cost of goods sold, gross profit reached nearly VND 7.7 billion.
During this period, the company’s financial expenses amounted to over VND 241.8 billion, a 137.2% surge from the previous year, while administrative expenses were recorded at over VND 2.9 billion, a 14.7% decrease.
Consequently, after accounting for taxes and other expenses, Fat Racing Group reported a net loss of over VND 203.4 billion, compared to a net loss of nearly VND 113.2 billion in the same period last year.
For the first six months of 2025, the Group achieved gross revenue of nearly VND 118.7 billion, a 45.6% increase compared to the same period in 2024. However, the net loss after tax widened to nearly VND 320.4 billion, a 137.2% increase compared to the previous year’s loss.
As of June 30, 2025, the company’s total assets decreased by 13.3% from the beginning of the year to over VND 2,854 billion. Short-term receivables accounted for nearly VND 1,396.6 billion, or 48.9% of total assets, while inventories stood at over VND 708.1 billion, representing 24.8% of total assets.
On the liabilities side, total liabilities were recorded at over VND 2,936.3 billion, a slight decrease of 3.8% from the beginning of the year. Of this, loans and finance leases amounted to nearly VND 2,005.6 billion, constituting 68.3% of total liabilities.
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