Novaland Records Profitable First Half of 2025 with Strategic Financial Moves
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According to the 2025 semi-annual financial statements, Novaland Group (HOSE: NVL) recorded a remarkable performance with a 33.8% year-on-year increase in revenue, reaching VND 120.9 billion. The company also turned a profit, with a net income of VND 379 billion, compared to a loss of over VND 2,490 billion in the same period last year. This significant improvement is attributed to gains from the transfer of capital contributions in a subsidiary and reduced financial expenses.
In their explanatory note, Novaland announced plans to dispose of assets worth VND 28,380 billion. So far, the group has successfully sold 7 assets, bringing in VND 13,506 billion. Additionally, they have signed preliminary contracts for 5 assets valued at VND 7,667 billion, memorandums of understanding for 2 assets worth VND 3,400 billion, and received non-binding letters of intent for 4 assets totaling VND 1,915 billion.
The asset disposal strategy is a crucial part of Novaland’s financial turnaround, along with debt restructuring and additional capital raised from banks and shareholders. The group has reached initial restructuring agreements with creditors and bondholders, totaling VND 14,484 billion, with creditors showing willingness to continue negotiations to provide the group with more time to resolve their financial challenges.
Furthermore, Novaland has secured approved credit limits of VND 15,050 billion from banks, of which VND 4,640 billion has been disbursed, with further funding expected in the next 12 months to facilitate project implementation. Major shareholders have also committed to supporting the repayment of maturing debts, ensuring the group’s operations continue smoothly for at least the next year.
Notably, Novaland’s largest provision of VND 4,370 billion, relating to land rent, land use fees, and late payment fees for the Lakeview City project, is under review by authorities, presenting a potential reversal in Q4 2025, which could further boost the group’s financial position.
“Court Rejects Request to Annul SCID’s Arbitration Award in Novaland Lawsuit Over the 10,000 Billion VND Project”
According to the arbitral award, SCID is obligated to fulfill its contractual duties as outlined in the Project Development Cooperation Contract signed on December 30, 2016, between Novaland, Nova An Phu, and SCID.
“CII Concludes Convertible Bond Offering, Raising $85 Million”
Ending the offering period on August 18, 2025, CII successfully distributed 20 million convertible bonds to 155 individual and institutional investors, raising VND 2,000 billion.
“Renowned Developer Novaland Appoints New CFO”
As of June 30, 2025, Novaland’s total assets amounted to over VND 238,619 billion, with a total loan debt of over VND 61,000 billion. Notably, approximately VND 32,000 billion of this debt is due for maturity within the next 12 months.
“Novaland Seeks to Divest Entire Stake in Subsidiary”
NovaLand is seeking to divest its entire stake in Nova Property, equating to a 99.99% ownership interest. The company is looking for a minimum sale price that reflects its initial investment.
“Solar Power Plant Developer Defaults on Bonds: The Case of Trung Nam Group’s Power Plant and 500KV Transmission Line Project”
“Trung Nam Thuận Nam, the renowned developer of the hybrid solar power plant, substation, and 220/500KV transmission line project in Ninh Thuan Province, has just reported a delay in the repayment of VND 73 billion in principal and interest on bonds.”
