Announcement of Business Results Quarter IV/2025

PRESS RELEASE

VINHOMES REPORTS VND 42.1 TRILLION PROFIT AFTER TAX, EXCEEDING ITS 2025 TARGETS

Hanoi, January 30, 2026 — Vinhomes Joint Stock Company (HOSE: VHM) today announced its consolidated financial statements for the fourth quarter of 2025, prepared in accordance with Vietnamese Accounting Standards (VAS). Concluding fiscal year 2025, Vinhomes registered record-high business results, reaffirming its position as Vietnam’s leading real estate developer and establishing a solid foundation for the next phase of growth.

In 2025, Vinhomes’ consolidated net revenue reached VND 154,102 billion. Total adjusted consolidated net revenue, including revenue from Vinhomes’ core operations and business cooperation contracts, amounted to VND 183,923 billion, and consolidated profit after tax reached VND 42,111 billion, setting new record highs. These figures exceeded the targets set at the beginning of the year, representing increases of 30% and 20%, respectively, compared with 2024. The strong performance was primarily driven by on or ahead-of-schedule handovers at large-scale projects, underscoring the Company’s integrated execution capabilities and effective project management.

Sales activities remained a key highlight in 2025. Total contracted sales reached VND 205,252 billion, up 98% year-on-year. This strong performance was driven by the simultaneous launched of five new projects across key markets, including Hanoi, Ho Chi Minh City, Hai Phong, and Tay Ninh, reflecting healthy market demand as well as the effectiveness of Vinhomes’ product development and sales strategy. As of end-December 2025, unbilled sales amounted to VND 186,426 billion, up 98% compared with end-2024, providing a solid base for revenue and profit recognition in the coming years.

As of December 31, 2025, Vinhomes maintained a robust financial structure, with total assets of VND 786,376 billion and owner’s equity of VND 247,906 billion, representing increases of 39.4% and 12.3%, respectively, compared with year end 2024. Cash and cash equivalents amounted to VND 49,949 billion, up 73.6%, reflecting healthy operating cash flows.

2025 marked a significant milestone in Vinhomes’ strategy to expand its project portfolio, with the launch of five new projects, including Vinhomes Wonder City (Dan Phuong, Hanoi), Vinhomes Green City (Hau Nghia, Tay Ninh), Vinhomes Golden City (Duong Kinh, Hai Phong), Vinhomes Green Paradise (Can Gio, HCMC), and Happy Home Trang Cat (Nam Trang Cat, Hai Phong). All projects recorded strong sales performance from the early stages and are being executed with accelerated construction progress.

To mark the 14th National Congress of the Communist Party of Vietnam, on 19 December 2025, Vinhomes broke ground on a series of projects nationwide, with notable developments including Global Gate Ha Long, Cam Ranh Bay Urban Area - mega complexes, the Social Housing project in Pho Hien ward, Hung Yen and the New Urband Area in Song Tri ward, Ha Tinh. These projects serve as a cornerstone of Vinhomes’ long-term urban and infrastructure development strategy, while expanding sustainable growth opportunities for both the Company and localities.

Beyond project development, Vinhomes’ mega-townships continue to stand out as vibrant communities and premier lifestyle-and-leisure destinations across the country. At Ocean City (Eastern Hanoi), Vinhomes welcomed 100,000 attendees to the G-DRAGON 2025 World Tour, along with a series of large-scale New Year celebrations such as the Upbeat Ocean Countdown 2026. At Vinhomes Royal Island (Vu Yen, Hai Phong), signature events including the K-Food Fair Korean Food Festival and “Light Up The Dream” Music Night attracted hundreds of thousands of visitors, helping position Vinhomes townships as icons of modern living and sustainable community engagement.

Vinhomes’ unwavering commitment to sustainable development, innovative urban models, and enhanced resident experience continues to earn prestigious recognition internationally. Vinhomes was awarded “Developer of the Year – Southeast Asia 2025” at the Dot Property Southeast Asia Awards 2025. Vinhomes is the first and only Vietnamese developer to receive the highest distinction, affirming Vinhomes’ strategic vision, execution capabilities, and commitment to sustainable development.

Vinhomes’ outstanding 2025 results provide a strong foundation to deliver on its 2026 guidance, supported by an expanded project portfolio, strong financial base, and rising market confidence.  As Vietnam’s real estate market enters a new growth cycle, driven by multi-centric urban restructuring and transit-oriented development (TOD) and ESG, Vinhomes continues to consistently develop large-scale integrated townships aligned with these trends. These efforts reinforce Vinhomes’ central role in shaping new urban hubs and progressively elevate its position on the regional and global stage.