Novaland-Affiliated Leaders Fail to Fully Offload Registered NVL Shares

Diamond Properties has successfully offloaded over 1.1 million NVL shares, representing 52.2% of the total registered shares initially planned for sale, following an adjustment to their trading strategy.

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Diamond Properties JSC has released a report detailing the stock transactions of insiders and related parties at Novaland Investment Group Corporation (Novaland, Stock Code: NVL, HoSE).

On October 31, 2025, Diamond Properties successfully sold over 1.1 million NVL shares out of the 2.15 million shares previously registered for sale, representing 52.2% of the intended volume.

The incomplete transaction was due to the company’s need to adjust its trading plan in response to recent market fluctuations.

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Following the transaction, Diamond Properties reduced its NVL holdings from over 165.4 million shares to more than 164.3 million shares, decreasing its ownership stake from 8.079% to 8.024% of Novaland’s capital.

Based on NVL’s closing price of VND 13,650 per share on October 31, 2025, Diamond Properties is estimated to have generated approximately VND 15.4 billion from the sale.

Notably, Mr. Bui Thanh Nhon, Chairman of Novaland’s Board of Directors, serves as the Business Manager of Diamond Properties.

In related news, Ms. Cao Thi Ngoc Suong, Mr. Nhon’s spouse, previously registered to sell 17.27 million NVL shares between October 28, 2025, and November 26, 2025.

The transaction will be executed via order matching and/or negotiated trading. If successful, Ms. Suong’s holdings will decrease from 50.5 million shares (2.46%) to 33.26 million shares (1.624% of Novaland’s charter capital).

Regarding business performance, Novaland’s Q3 2025 consolidated financial report shows net revenue of over VND 1,683 billion, a 16% decline year-over-year. Despite a 25% reduction in cost of goods sold, gross profit increased by 7% to over VND 586 billion.

Financial revenue plummeted by 88% to VND 456 billion, while financial expenses surged 4.5 times to VND 1,449 billion due to significant foreign exchange losses.

Consequently, Novaland reported a post-tax loss of VND 1,153 billion in Q3 2025, compared to a profit of VND 2,950 billion in the same period last year. This marks Novaland’s fourth consecutive quarterly loss since Q4 2024.

For the first nine months of 2025, Novaland achieved nearly VND 5,398 billion in net revenue, a 26% increase from the same period in 2024, but incurred a net loss of nearly VND 1,820 billion.

As of September 30, 2025, Novaland’s total assets rose by nearly VND 1,797 billion to approximately VND 239,575 billion, while total liabilities decreased by VND 1,726 billion to nearly VND 188,761 billion.

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