As of the end of Q2, GELEX Electric has completed nearly 53% of its revenue target and 78.8% of its full-year pre-tax profit plan, establishing a strong foundation to confidently surpass its financial goals in the second half of 2025.

According to its newly released report, GELEX Electric recorded consolidated net revenue of VND 6,510 billion in Q2/2025, up 22.6% compared to the same period in 2024. Consolidated pre-tax profit reached VND 722 billion, reflecting a 7.0% year-on-year increase.

Net sales revenue for the quarter reached VND 6,510 billion, of which finished goods contributed 98%, amounting to VND 6,395 billion, up 25.4% year-on-year.

For the first six months of 2025, GELEX Electric achieved net revenue of VND 11,791 billion, an increase of VND 2,761 billion, or 30.6% compared to the first half of 2024. Pre-tax profit reached VND 1,330 billion, up 61.8% year-on-year.

Notably, excluding the one-time gain from divesting energy projects in the first half of 2024, core business profit from electrical equipment in H1/2025 was 2.5 times higher than that of H1/2024.

This exceptional performance reflects the effectiveness of GELEX Electric’s strategy to focus on its core business, flexibly adapting sales policies to market dynamics. At the same time, the company’s emphasis on R&D, market expansion, digital transformation, and technology integration in operations and manufacturing has helped enhance efficiency, optimize costs, and boost competitiveness.

Power cable production at CADIVI factory.

GELEX Electric has also earned the trust of global financial institutions, successfully raising over USD 41 million for key M&A activities.

As of the end of Q2/2025, the company had completed nearly 53% of its revenue target and 78.9% of its full-year pre-tax profit goal, positioning it to exceed expectations in the remaining months of 2025.

On August 15, 2025, GELEX Electric is scheduled to hold an extraordinary general meeting of shareholders to make significant adjustments to its profit and dividend plans.

As of June 30, 2025, GELEX Electric’s total assets stood at VND 14,360 billion, an increase of VND 1,457 billion or 11.3% compared to January 1, 2025 – primarily driven by growth in short-term assets. Cash and cash equivalents reached VND 944 billion, up VND 253 billion or 36.5%.

In terms of financial indicators, debt ratios and debt-to-equity levels remain at safe levels, consistent with the previous period. Combined with strong operating performance and sound corporate governance, GELEX Electric continues to strengthen investor confidence.

At the close of trading on July 15, GEE shares were priced at VND 105,900, giving the company a market capitalization of VND 38,759 billion (approximately USD 1.5 billion), placing GELEX Electric among the top publicly listed companies in Vietnam by market value.