GMD – Brief – [NONRATED] – Strong throughput growth, solid results

In 1Q25, GMD announced a total revenue of VND1,277bn (+27% YoY), in which, port operation generating VND1.14tn revenue thanks to solid throughput volume and fee increases. Gains from associates in 1Q24 soared to VND227bn (+132% YoY), in which, GML contributed VND160bn (+233% YoY) and SCS contributed VND58bn. Overall, NPAT reached at VND528bn, reflecting a 51% YoY growth when excluding the prior year’s divestment gains.