Ho Chi Minh City, September 25, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) has announced its audited consolidated financial statements for fiscal year 2025, with several positive adjustments compared to the previously released unaudited figures. The results reaffirm the Company’s efforts in cost control and operational efficiency amid a challenging construction market.
Specifically, the audited FY2025 results highlight the following positive growths:
Consolidated net revenue reached VND 24,885 billion, an increase of VND 18 billion compared to the unaudited report, completing 99.5% of the target set at the FY2024 Annual General Meeting (AGM).
Despite industry headwinds such as intense competition and rising material and labor costs, Coteccons effectively controlled expenses and enhanced project execution capabilities. As a result, gross profit rose to VND 815 billion, up VND 37 billion, lifting the gross margin to 3.28%, nearly on par with last year’s level (3.39%).
Operating profit reached VND 533 billion, an increase of VND 4 billion after audit. The operating profit margin improved to 2.14%, up 0.69 percentage points year-on-year.
Net profit after tax rose by VND 2 billion compared to the unaudited report, fulfilling 106% of the annual plan. Return on average equity (ROEA) reached 5.09%, a 1.49 percentage point improvement year-on-year.
As of June 30, 2025, Coteccons’ consolidated total assets stood at VND 29,701 billion, up VND 118 billion from the pre-audit report and increasing 30% compared to FY2024. The debt-to-total-assets ratio remained low at 10%, reflecting a healthy capital structure with strengthened financial scale and capacity.
Growth Outlook
Looking ahead to FY2026, Coteccons sees positive signals from the recovery of the residential construction sector, alongside our expanding presence in infrastructure, public investment, and international markets. Notably, the backlog (unexecuted contract value) at the end of Q1/FY2026 is expected to exceed VND 45,000 billion – the highest level in Coteccons’ history – laying a solid foundation for sustainable growth in the years ahead.
Detailed audited FY2025 financial statements are available at: https://www.coteccons.vn/investor-relations-vn/
About Coteccons
Coteccons is Vietnam’s leading construction general contractor, with 21 years of experience delivering large-scale and complex projects. The Company pioneers the adoption of technology and innovation to provide optimal construction solutions, contributing to improved quality of life and sustainable community development.
