FRT – Brief – [NONRATED] – Growth slowed down

In 1Q25, FRT reported a net revenue of VND11.7tn (+29.1% yoy) and NPAT of VND213bn (+3.5x yoy). Long Chau’s sales continued to rise to VND8.1tn (+45.5% yoy) and NPAT surged to VND231bn (+2.1x yoy). FPT Shop posted a sales of VND3.7tn (+2.8% yoy) and losses after taxed of VND19bn (from NPAT of VND18bn in 4Q24).