Announcement of Business Results Quarter IV/2024

PRESS RELEASE

VINHOMES RECORDED VND 35,052 BILLION IN PROFIT AFTER TAX, FULLY ALIGNED WITH 2024 GUIDANCE

Hanoi, January 24, 2025, Vinhomes Joint Stock Company (ticker “VHM”) has reported its unaudited consolidated financial statements for the 4^th quarter of 2024, prepared in compliance with Vietnamese Accounting Standards (VAS). The Company exceptional results for the fiscal year, highlighted by record-high adjusted revenue, reinforcing its leading position in Vietnam’s real estate market.

In 2024, Vinhomes achieved total consolidated net revenue of VND 102,045 billion. Accordingly, total adjusted consolidated net revenue (including revenue from Vinhomes’ operations and business cooperation contracts) reached VND 141,812 billion, successfully surpassed full year’s guidance, representing a 13% increase compared to 2023. Consolidated profit after tax amounted to VND 35,052 billion, precisely attaining the annual target. These strong results were predominantly attributed to timely deliveries at ongoing mega-projects.

Vinhomes recorded contracted sales in 2024 and total unbilled sales as of the end of 2024 of VND 103,946 billion and VND 94,182 billion respectively, primarily due to robust sales performance across multiple mega-projects, particularly from the latest Vinhomes Royal Island project, which debuted in March.

As of December 31, 2024, Vinhomes maintains a solid financial position, with total assets and equity reaching VND 560,724 billion and VND 220,443 billion, reflecting increases of 26% and 21%, respectively, compared to December 31, 2023.

During 4Q2024, Vinhomes’ mega-developments served as venues for several high-profile cultural and entertainment events. Notable highlights included the “Call Me by Fire” concert, which attracted over 130,000 visitors, and The Glamorous Countdown 2025, which drew more than 100,000 attendees to Vinhomes Ocean City in December 2024. At Vinhomes Royal Island, the grand finale of the “Hai Phong Beauty: Souls in Bloom” event series attracted over 120,000 visitors. The project also hosted the New Year’s Eve 2025 event, Countdown to Greatness, welcoming over 110,000 visitors, further solidifying Vinhomes Royal Island as a prominent destination in Northern Vietnam.

These exceptional events held year-round at Vinhomes’ projects not only provided residents with world-class entertainment experiences but also consistently attract millions of visitors. Notably, as of the end of 2024, Vinhomes Royal Island has welcomed over 2.5 million visitors in just six months since its launch.

With respect to presale activities during the last quarter of 2024, Vinhomes inaugurated new precincts in its mega developments, including The Paris subdivision at Vinhomes Ocean Park 1 (Hanoi), The Kyoto 03 - The Premium subdivision at Vinhomes Star City (Thanh Hoa), along with model houses and commercial streets at key projects. Furthermore, Vinhomes is strengthening its strategic partnership with Nomura Real Estate, a globally renowned real estate group, leveraging both companies’ expertise to provide market with international-class products in the near future. Leveraging on its success and capitalizing on Vietnam's economic growth, Vinhomes continues to attract foreign developers with strategic vision and unwavering commitment to quality and innovation.

Besides, the Company remains committed to enhancing amenities and service quality for its residents. In October 2024, Vinhomes held the groundbreaking ceremony for the largest healthcare, mineral bath, entertainment, and culinary complex in Mong Cai, located at Vinhomes Golden Avenue, spanning more than 40,000 square meters. November 2024 also witnessed the launch of the Royal Club, featuring exclusive events at select locations within Vinhomes Royal Island. Alongside its residential unit deliveries record, the Company is expediting the completion of key amenities at Vinhomes Royal Island to serve the elite residents of Vu Yen’s "Billionaire Island".

Remarkably, 2024 marks a significant milestone as Vinhomes achieved four prestigious international certifications: ISO 9001 for quality management, ISO 14001 for environmental management, ISO 45001 for occupational health and safety, and SA8000 for social accountability in its real estate business and operations. This accomplishment not only affirms Vinhomes' commitment to enhancing management quality in line with international standards but also reflects its sustainable development vision, striving to create an excellent living and working environment for the community.

Vinhomes' commitment to excellence earned significant recognition through multiple prestigious real estate awards in 2024. In 4Q2024, Vinhomes received the "Best Residential Real Estate Developer in Vietnam 2024" award from global magazine Euromoney and was honored with the "Vietnam National Brand" by the Prime Minister. The company’s major projects also garnered notable accolades, with Vinhomes Royal Island ranking among the Top 10 "Outstanding Real Estate Projects in Vietnam 2024" by the Vietnam Association of Real Estate Brokers (VARS) at the Vietnam Real Estate Forum 2025 (VREF). At the Forum of Sustainable Development of the Real Estate Market and the 2024 Livable Project Award Ceremony organized by the Vietnam Chamber of Commerce and Industry (VCCI) and Business Forum Magazine, Vinhomes Royal Island was recognized as the "Prominent Livable Project 2024" and "Project with Exemplary Infrastructure", while Vinhomes Golden Avenue won the "Most Livable Project 2024" award. These accolades not only affirm Vinhomes' market leadership in the real estate sector but also recognize its commitment to developing premium living environments with superior amenities, infrastructure, and services, all contributing to sustainable development and the advancement of Vietnam's real estate market.

Building on the solid foundation of 2024 and upcoming launches of new large-scale integrated projects in 2025, Vinhomes will continue to break through with a core strategy focused on pioneering efforts to elevate residents’ living standards and deliver exceptional value for customers.