Q2 Revenue and Profit Reach New Heights
In Q2 2025, Nafoods Group recorded a remarkable performance with a revenue of over 680 billion VND, marking the highest quarterly revenue since its establishment. The company attributed this success to significant growth across all business segments, driven by flagship products such as passion fruit, crispy dried jackfruit, and dragon fruit.
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Gross profit reached 170.8 billion VND, reflecting a 25.5% increase compared to the same period last year. While the gross profit margin decreased by 5.8 percentage points year-over-year to 25.1%, it showed a notable improvement from the previous quarter’s 16.9%. Net profit after tax amounted to 58.7 billion VND, representing a 14.7% increase year-over-year, making it the highest quarterly net profit since the company’s inception.
On Track with Semi-Annual Targets
Nafoods Group’s semi-annual revenue and net profit also hit record highs. Specifically, in the first six months, the company achieved a revenue of nearly 1,030 billion VND, a 37% increase compared to the same period last year. Gross profit reached nearly 230 billion VND, a slight increase of 0.7% year-over-year. Selling and management expenses decreased by 24.1% and 2.4%, respectively, compared to the previous year. As a result, net profit after tax amounted to 71.6 billion VND, an 11.9% increase year-over-year.
With these impressive results, Nafoods Group has successfully achieved 51.9% and 53.0% of its annual revenue and net profit targets, respectively, in just the first half of the year.
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Leverage Increases with a $6 Million Funding Agreement from a Reputable Swiss Investment Fund
As of June 30, 2025, the company’s total assets amounted to over 2,586 billion VND, a 27.5% increase from the beginning of the year. Short-term assets accounted for nearly 1,532 billion VND, a significant 54% increase, mainly due to higher accounts receivable and inventory levels. Long-term assets reached nearly 1,055 billion VND, a modest 1.6% increase from the start of the year.
On the liabilities side, the company’s total liabilities stood at nearly 1,555 billion VND, a 49% increase compared to the beginning of the year. Shareholders’ equity, as of the end of Q2 2025, was 1,031 billion VND, a 4.7% increase from the start of the year. The debt-to-equity ratio stood at 1.51, a notable increase from 1.06 at the end of the previous year.
In its Q2 2025 Investor Newsletter, Nafoods announced that after a rigorous evaluation process lasting nearly a year, the company signed a $6 million secured loan agreement on June 30, 2025, with ResponsAbility Investments AG (RIAG), a reputable Swiss investment fund focusing on sustainable impact investing in emerging and developing markets.
“Securing investments from reputable international financial institutions, such as RIAG, IFC, and Finnfund, underscores Nafoods’ credibility, transparent governance, robust financial health, and commitment to sustainable development. This also testifies to our long-term growth potential and our ability to positively impact the environment and community,” stated Nafoods in its Investor Newsletter.
Nasoco Project Phase 2 Commencement
During the quarter, Nafoods also held a groundbreaking ceremony for the Nasoco Project – Phase 2 in Tay Ninh (formerly Long An) province. According to Nafoods, this project will not only enhance the company’s capacity for deep processing of key industrial products like concentrated juice, puree, and IQF for the international market but also open up opportunities to develop new product lines catering to domestic and demanding markets such as Europe, North America, Japan, and South Korea.
Stock Price Climbing Towards Historic Highs
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In the stock market, NAF shares have been on a remarkable upward trajectory, with strong price increases and impressive trading volumes in recent times, reflecting investors’ growing interest. On August 1, 2025, NAF closed at 26,950 VND per share, a 35% increase since the beginning of the year and a nearly 60% surge since the US government’s tariff announcement in early April. This marks the highest price for NAF shares in over three years, dating back to November 2021.
Services
– 11:35 07/08/2025
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