HCMC Urban Railway Company Limited (HCMC Metro) has released its audited financial report for the first half of 2025.
The report reveals a total asset reduction of VND 95 billion, from VND 3,559 billion to VND 3,464 billion over the six-month period. This decrease is primarily attributed to asset depreciation exceeding VND 140 billion, which is also the main factor contributing to the company’s loss during this period.
In terms of business performance, the company generated VND 104 billion in revenue during the first six months, with a cost of goods sold (COGS) of VND 237.5 billion, resulting in a gross loss of VND 133.4 billion.
Revenue breakdown includes VND 103.8 billion from ticket sales and VND 214 million from non-ticket sources.
The COGS of VND 237.5 billion comprises direct labor costs of VND 51 billion, general production expenses of VND 162.9 billion, and direct material costs of VND 23.6 billion.
Alongside other expenses and revenues (such as VND 4.9 billion in deposit interest), the company’s pre-tax and post-tax losses (exempt from CIT) amounted to VND 141.9 billion.
HCMC Metro asserts that as of the financial report’s preparation for the period from January 1 to June 30, 2025, there are no factors indicating doubts about the company’s ability to continue operations.
The report also indicates that as of June 30, 2025, the company holds VND 213.7 billion in bank deposits, including VND 190.5 billion in TPBank and VND 23.2 billion in Vietcombank.
HCMC Urban Railway Company Limited operates the HCMC Metro, also known as the Ben Thanh – Suoi Tien Metro Line, a public transportation system fully owned by the HCMC People’s Committee.
For 2025, the Ben Thanh – Suoi Tien Metro Line is projected to generate nearly VND 201.6 billion in ticket revenue, aiming for a pre-tax profit of VND 20 million. While core business operations are expected to incur a loss of approximately VND 26.36 billion, the company plans to offset this with financial activity profits of around VND 26.38 billion.
The Ben Thanh – Suoi Tien Metro Line spans nearly 20 kilometers, connecting the city center to the eastern gateway. The line features three underground stations in District 1 and 11 elevated stations, primarily along Vo Nguyen Giap Boulevard (Thu Duc City). As HCMC’s first urban railway project, it has a total investment of over VND 43,700 billion and was completed after 12 years of construction.
The metro line commenced operations on December 22, 2023.
During this period, Hanoi Metropolitan Railway Company Limited (Hanoi Metro), operator of the Cat Linh-Ha Dong and Nhon-Hanoi Station metro lines, reported an after-tax profit of VND 9.98 billion, nearly triple the VND 3.34 billion recorded in the first half of 2024.
Vietjet Launches VND 1,000 Billion Bond Issuance
Vietjet has launched 10,000 corporate bonds under the code VJC12504, with a face value of 100 million VND per bond. This issuance totals a face value of 1,000 billion VND.
PGBank Board Member Revises Share Purchase Plan
Board member Dinh Thanh Nghiep and his wife have not executed their registered purchase of PGB shares, citing a lack of personal demand at this time.
Vingroup: Special Shareholder Group Emerges, Holding 58% of Capital
On November 18th, Vingroup announced it had dispatched opinion ballots to 31,273 shareholders, representing ownership of nearly 3.85 billion shares.
Stock Surges 200% Just Two Weeks After Listing
Amidst the significant surge in stock prices, the company has issued an official explanatory statement.
Biwase Plans to Establish Subsidiary with Chartered Capital of VND 200 Billion
Biwase is set to invest 200 billion VND in establishing a new subsidiary, with the initiative slated for execution in Q4 2025.
