Announcement of Business Results Quarter II/2025

PRESS RELEASE

VINHOMES REPORTS VND 11,000 BILLION IN NET PROFIT FOR 1H2025

Hanoi, July 30, 2025 – Vinhomes Joint Stock Company (HOSE: VHM) announced its Consolidated financial statements for the 2nd Quarter of 2025, prepared in accordance with Vietnamese Accounting Standards (VAS), reflecting the Company’s resilient operational performance and strong financial standing as Vietnam’s real estate sector recovered and enters a new phase of growth.

Contracted sales in the first half of 2025 reached VND 67,504 billion, up 31% YoY, demonstrating solid market demand as well as the effectiveness of the Company’s sales strategy amid the early stage of a new growth cycle. Unbilled revenue as of June 30, 2025 stood at VND 138,208 billion, up 16% YoY, providing revenue visibility and a strong foundation to meet the Company’s 2025 business targets as approved by the Annual General Meeting of Shareholders.

As of June 30, 2025, Vinhomes continued to maintain a strong balance sheet, with total assets of VND 658,042 billion and total equity of VND 230,611 billion — representing increases of 17% and 4%, respectively, compared to the end of 2024. Notably, cash and cash equivalents rose 69% to VND 48,672 billion, reflecting healthy operating cash flows.

Total consolidated net revenue for 1H2025 was VND 34,720 billion. On an adjusted basis, including proceeds from Business Cooperation Contracts (BCCs) and bulk sales recognized under financial income, total adjusted revenue reached VND 44,964 billion, net profit after tax for the period reached VND 11,000 billion.

As the majority of project handovers are scheduled for the second half of the year, first-half results came in similar to those of the same period last year. This performance remained well aligned with the execution plan. Key catalysts for the remainder of the year include the expected acceleration of handovers at core developments, alongside several bulk sales transactions currently under negotiation. These drivers are anticipated to support a strong rebound in revenue and earnings in the upcoming quarters, keeping Vinhomes on track to deliver its full-year 2025 targets of VND 180 trillion in adjusted revenue and VND 42 trillion in net profit.

In the second quarter of 2025, Vinhomes continued to lead new supply in the market with the concurrent launch of two new projects: Vinhomes Golden City (Duong Kinh), strategically located at the southeastern gateway of Hai Phong, and Vinhomes Green City (Hậu Nghĩa) in the emerging northwestern center of Ho Chi Minh City. Vinhomes Golden City — positioned as Hai Phong’s new international trade hub — achieved a remarkable sales milestone, with 100% of the first launch phase (Anh Sao zone) fully booked within just one hour. In the south, Vinhomes Green City — a premier all-in-one township in northwest Ho Chi Minh City — also delivered an exceptional performance, with over 2,000 units booked within the first 24 hours of launch. Meanwhile, Vinhomes Wonder City reaffirmed its position as a key growth engine in West Hanoi, with nearly 900 units successfully sold — underscoring the appeal of Vinhomes’ products and validating continued buyer confidence in the area’s long-term potential.

Beyond residential real estate, Vinhomes continued to demonstrate leadership across other strategic segments. In Ho Chi Minh City, Vinhomes Green Paradise in Can Gio commenced on April 19, 2025. Spanning 2,870 hectares with a projected population of 230,000, the project aims to set a new benchmark for ESG urban models, grounded in three pillars: green, smart, and ecological living. On June 22, 2025, the Company officially broke ground on the 512-hectare Lang Van Tourism and Resort Complex in Da Nang — marking a key step in expanding Vinhomes’ integrated real estate ecosystem into Central Vietnam. In industrial real estate, Vinhomes IZ (VHIZ) achieved a key milestone with the completion and full lease-up of its Ha Tinh facility within just seven months of construction commencement — contributing to the Company’s industrial portfolio and supporting local economic development, employment, and social welfare.

As part of its destination development strategy, Vinhomes’ townships continued to attract large-scale public engagement through mega-events drawing tens of thousands of participants. On April 30, over 1,500 people gathered at the European Square in Vinhomes Royal Island (Hai Phong) — one of the region’s premier resort-style island townships — to form a giant national flag commemorating the 50th anniversary of Vietnam’s reunification. In mid-June, the large-scale music festival “Anh Trai Vượt Ngàn Chông Gai” was held at Ocean City — Vinhomes’ flagship integrated township and resort-style destination — attracting over 220,000 attendees and visitors.

Simultaneously, infrastructure and amenities across key projects — including VinWonders theme parks, marinas, and retail centers — continued to be expanded and accelerated, reaffirming Vinhomes’ position as Vietnam’s model urban developer and a pioneer in setting new lifestyle trends.

In recognition of its sustained efforts and outstanding performance, Vinhomes and its projects were honored with four prestigious awards in the second quarter of 2025. At the Hubexo Asia Awards, Vinhomes was honored with the Elite Award — the highest distinction — and recognized among the Top 10 Leading Developers, marking over a decade of consistent recognition by the organization. In addition, Vinhomes Global Gate (Hanoi) was granted the Special Prize, while Vinhomes Royal Island (Hai Phong) received the Gold Award at the 2024 National Urban Planning Awards — Vietnam’s most prestigious recognition in urban planning and development, endorsed by the Ministry of Construction, the Ministry of Agriculture and Environment, and the Vietnam Chamber of Commerce and Industry (VCCI). Notably, Vinhomes Green Paradise was honored in the Sustainable Development category at the FIABCI–Thai Prix d’Excellence Awards.

The strong performance in the second quarter provides a solid foundation for Vinhomes to deliver on its full-year 2025 targets, as Vietnam’s real estate market enters a new growth cycle, supported by pro-growth policies and improving market confidence.