According to the consolidated financial report for the second quarter of 2025, HAGL achieved more than VND 2,329 billion in net revenue, up 53% over the same period. Gross profit reached VND887 billion, up 84%, mainly thanks to banana trading activities. Fruit revenue is up to VND 2,000 billion, dominating the quarterly revenue structure.
While financial revenue decreased to VND77 billion, financial expenses increased sharply by 75% to VND284 billion, sales and management expenses also increased. However, thanks to high accumulated interest rates, the company still reported after-tax interest of VND509 billion, up 88%.
Accumulated for 6 months, HAGL reached more than VND 3,724 billion in net revenue, up 34%; profit after tax was nearly VND 824 billion, up 72% over the same period. This result corresponds to 67% of the revenue target and 78% of the profit target for the whole year of 2025. Notably, the company has officially no more accumulated losses, with undistributed after-tax profit of nearly 400 billion VND.
A noteworthy piece of information announced by the company's leaders is that durian revenue will be recorded from the second half of the year, which could help the company increase the 2025 profit plan to VND 1,500 billion.
As of the end of the second quarter, HAGL's total assets reached more than VND26,000 billion, up 17% over the beginning of the year. Short-term assets are nearly VND 11,000 billion. Of which, cash reached 194 billion VND, inventory was 738 billion VND. The cost of basic unfinished construction is more than 6,000 billion VND, mainly for fruit gardens.
Short-term debt is at VND13,700 billion, of which short-term debt is more than VND7,900 billion, mostly debt at banks.
Over the past decade, HAGL has faced a serious crisis. From the position of a famous mountain town enterprise, the company has struggled to expand too quickly to real estate, hydropower and agriculture, leading to accumulated losses of thousands of billions of VND. At its peak, in 2021, the company suffered accumulated losses of nearly VND 7,000 billion and outstanding loans of about VND 32,000 billion, creating great pressure on liquidity.
To solve this problem, HAGL has implemented many restructuring measures. In 2018, the company reached an agreement with Thaco, transferring HAGL Agrico (HNG) to recover debt repayment capital. Banks and partners such as LPBank, Thaiholdings, Eximbank have also taken support measures, helping HAGL reduce financial pressure.
After many years of cutting off investment outside the industry and focusing on bananas, the business situation of the enterprise has improved significantly, creating a foundation to escape accumulated losses this year.
In parallel with positive business results, HAGL continues to promote debt settlement. The company has just issued 210 million shares to exchange more than VND2,500 billion in debt to six creditors. Of which, Huong Viet Investment Consulting Joint Stock Company received more than 60 million shares, Ms. Nguyen Thi Dao nearly 40 million, Mr. Ho Phuc Truong and Mr. Nguyen Duc Trung all about 50 million.
According to the approved resolution, this issuance is part of the roadmap for restructuring HAGLBOND16.26 bond debt. This bond lot has a total issuance value of VND 6,596 billion, a term of 10 years, expected to mature on December 30, 2026.
Recently, Hoang Anh Gia Lai has bought back a part of this bond lot ahead of schedule. As of the end of June 2025, the outstanding principal value according to the bond lot fee is VND 3,876 billion.
Previously, on August 22, Mr. Doan Hoang Nam - the son of Mr. Duc - appeared for the first time as a shareholder when he successfully bought 27 million HAG shares, equivalent to 2.55% of capital. At the same time, Mr. Duc sold 25 million shares, reducing his ownership ratio from 31.2% to 28.84%. This development occurred when HAG shares were at their highest price range in three years, up nearly 30% since the beginning of the year.
