GELEX Group Joint Stock Company (HoSE: GEX) has just announced its consolidated financial statements for Q2/2026 with many positive growth indicators.
In the second quarter, consolidated net revenue reached 14,480 billion VND, up 43.1% over the same period; pre-tax profit reached 1,805 billion VND, up 16.8%. Accumulated in the first 6 months of the year, net revenue reached 25,202 billion VND, up 39.7%; pre-tax profit reached 2,611 billion VND, completing 72.2% of the full-year profit plan.
This result comes from the growth of core business sectors in the context of increased public investment, positive FDI flows and continued increase in investment demand in infrastructure, energy, and industrial parks. Electrical equipment and infrastructure continue to be the two main drivers, reflecting the effectiveness of the strategy of focusing resources on sectors with competitive advantages and long-term value creation.
In parallel with business growth, GELEX continues to expand investment to prepare for the next development phase. As of June 30, 2026, total consolidated assets reached VND 85,749 billion, an increase of 16.5% compared to the beginning of the year; in which long-term assets increased sharply, reflecting the progress of strategic project implementation.
The increase in investment has increased the scale of loans and financial expenses compared to the same period. According to GELEX representatives, this is a common feature in the period when businesses promote investment expansion. The capital is used to form assets and projects capable of creating long-term cash flow, while core business operations still maintain positive growth and financial safety indicators continue to be ensured.
Business results in the period were also affected by the recognition of some expenses according to prudent accounting principles and fluctuations in the financial market. However, the business said it still maintained a balance between growth, investment and financial risk control.
According to the development orientation to 2030, GELEX is transforming into an investment group model, focusing resources on areas capable of creating sustainable value such as electrical equipment, infrastructure, industrial parks and real estate. In this model, the increase in cost of capital is considered a consequence of the investment cycle to create a foundation for growth in the coming years, instead of just aiming for the results of one accounting period.
The results of the first 6 months of the year show that GELEX continues to maintain the growth momentum from core business activities, while firmly adhere to the investment strategy for long-term development drivers. When strategic projects are successively put into operation, investments from the current period are expected to become the foundation for a new growth cycle.
