FPT Corporation has announced its business results for the first seven months of 2025, with revenue reaching VND 38,091 billion, an increase of 11.2% compared to the same period in 2024. Pre-tax profit (LNTT) reached VND 7,196 billion, up 18.4% year-on-year.
Net profit for the seven-month period reached VND 6,204 billion, an increase of 19.9% compared to the same period in 2024. Of this, net profit attributable to parent company shareholders was VND 5,147 billion, up 20.1% from the previous year. EPS corresponded to VND 3,033.
In July alone, FPT recorded a revenue of VND 5,408 billion, up 10.2% year-on-year. Net profit reached VND 868 billion, an increase of 19.4% compared to July 2024. Net income was VND 715 billion, up 16.8% from the same period last year.
In the first seven months, the IT Services segment in overseas markets continued its growth momentum, with revenue reaching VND 19,541 billion, equivalent to a 13.6% increase. The main market in Japan maintained a growth rate of 27.5%, with revenue of VND 8,590 billion.
FPT noted a more positive sentiment in customer engagements and collaborations and expects a recovery in the second half of 2025. The order volume in overseas markets reached VND 23,730 billion, an increase of 7.7% year-on-year (July’s sales growth was 27% compared to July 2024).
Thanks to enhanced sales activities and optimized internet service packages, both revenue and pre-tax profit in the Telecommunications Services segment showed positive growth in the first seven months, increasing by 12.8% and 19.6%, respectively, compared to the same period last year.
According to Vietcap’s update from the recent investor meeting, FPT’s management has set a new base case scenario with a 15% revenue growth target and an 18%-19% profit growth target compared to the previous year—lower than the targets set at the AGM, which were 20% revenue growth and 21% LNTT growth.
The slowdown in foreign IT revenue growth in Q2 2025 is mainly attributed to tariffs delaying IT spending by customers, along with smaller contract sizes as clients sought to benefit from AI applications. The APAC region, particularly Singapore and South Korea, experienced the sharpest slowdown due to its sensitivity to the global economy.
The utilization rate of AI factories in Vietnam and Japan is currently below 10%, with weaker-than-expected demand. The management believes it will be challenging to achieve the target of VND 30-40 million in revenue for this segment in 2025 and has no plans for additional investment. Weaker-than-expected demand is due to macroeconomic uncertainties, while negotiations tend to be prolonged due to customers’ thorough evaluation processes.
Consequently, the management recognizes the risk of falling short of the total revenue target of VND 30-40 million for the AI factory business in Japan and Vietnam in 2025 but expects demand to improve in 2026. FPT has no plans to invest in new AI factories for 2025 as the current performance has not met expectations.
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