Novaland has released its Q4/2025 financial report, revealing a net revenue of VND 1,567 billion for the final quarter, marking a 67% decline compared to the same period last year.
However, the company unexpectedly recorded a provision reversal for land rental and land use fees, amounting to over VND 2,197 billion, which was factored into the cost of real estate transfers. As a result, gross profit reached VND 2,582 billion, a 33% increase year-over-year.
According to the notes, Novaland recognized the reversal of land rental and land use obligations related to the Lakeview City project into the cost of real estate transfers this year, totaling VND 2,197 billion.
After deducting expenses, Novaland’s post-tax profit for Q4/2025 stood at VND 3,638 billion, compared to a loss of VND 17 billion in the same quarter of the previous year. Profit attributable to the parent company reached VND 3,182 billion, ending a streak of four consecutive quarters of net losses.
For the full year 2025, Novaland reported a total net revenue of VND 6,965 billion, a 23% decrease, and a post-tax profit of nearly VND 1,819 billion. In 2024, the company incurred a post-tax loss of VND 4,395 billion.
As of December 31, 2025, Novaland’s total assets amounted to VND 249,792 billion, with inventory accounting for VND 153,392 billion.
Total liabilities were recorded at VND 190,942 billion, including loans totaling VND 67,190 billion.
In response to the positive news, Novaland’s stock (NVL) surged dramatically, hitting the ceiling price of VND 13,000 per share.
Latest Developments in Novaland’s Inventory
Novaland boasts a total asset value of VND 249.792 trillion, with inventory reaching VND 153.392 trillion. Notably, land funds and ongoing construction projects account for an impressive 94.2% of this inventory.
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By 2025, the company’s cumulative net revenue reached 1.08 trillion VND, marking a 24% increase compared to the previous year. Meanwhile, its after-tax profit soared to 345 billion VND, reflecting a robust 15.6% growth.
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Notable Developments at Novaland
Novaland’s subsidiaries, including Gia Đức, Aqua City, Unity Real Estate, and Lucky House, have collectively repurchased seven bond lots worth VND 3,600 billion ahead of schedule. In a reciprocal move, Novaland has guaranteed a maximum loan of VND 2,320 billion for Ngan Hiep Real Estate to invest in two phases of the NovaWorld Ho Tram project.
