Vietnam retailer Mobile World posts strong 2025 profit, boosted by financial income

The consumer electronics and grocery retailer said full-year net revenue rose more than 16 percent from 2024 to nearly VND157.4 trillion (US$6 billion), while gross profit increased about 10 percent to over VND30.3 trillion ($1.17 billion), as demand improved after a prolonged slowdown.

Its profit after tax topped VND7.1 trillion ($273.1 million), nearly doubling from a year earlier.

Mobile World said revenue from financial activities climbed nearly 31 percent to about VND3.1 trillion ($119.3 million) in 2025, while financial expenses rose almost 30 percent to about VND1.54 trillion ($59.2 million), resulting in a financial profit of roughly VND1.56 trillion ($60 million).

That financial profit accounted for about 22 percent of the company's net profit from core business operations, underscoring the role of interest income and investments in supporting its overall earnings.

Mobile World said its operating performance improved due to tighter cost control, operational discipline, and more efficient network expansion.

Revenue at its thegioididong.com and Dien May Xanh electronics chains rose about 18 percent to roughly VND105.7 trillion ($4 billion) despite a reduction in store numbers, while grocery chain Bach Hoa Xanh posted revenue growth of about 14 percent.

Dien May Xanh remained the group’s main profit driver, expected to contribute around 65 percent of revenue and more than 80 percent of profit, while Bach Hoa Xanh was projected to represent about 30 percent of the revenue and nearly 20 percent of the profit.

As of December 31, 2025, Mobile World’s total assets stood at nearly VND84 trillion ($3.23 billion), up more than 19 percent from the start of the year, with short-term assets making up about 92 percent of the total.

Cash and cash equivalents totaled nearly VND5 trillion ($192.34 million), while short-term financial investments reached about VND33.9 trillion ($1.3 billion).

These included bank deposits of more than VND25.5 trillion ($981 million) with maturities of up to 12 months, as well as about VND12.9 trillion ($496.24 million) invested in bonds and other instruments.

Including short-term loans to partners and longer-term bond investments, the company’s total bank deposits, loans, and bond holdings amounted to roughly VND48.6 trillion ($1.87 billion), equivalent to nearly 58 percent of its total assets.

Mobile World had no long-term borrowings, but reported short-term trade payables of about VND13.1 trillion ($504 million) and short-term loans and lease liabilities of nearly VND29.9 trillion ($1.15 billion), bringing its total borrowings to about VND43.1 trillion ($1.65 billion).

The company said interest income from deposits, loans, and bonds totaled about VND2.9 trillion ($111.56 million) in 2025, helping lift its financial profit, which has climbed steadily since 2020 except for a loss recorded in 2022.