As of July, GEX stock has seen a remarkable surge of over 30%, drawing attention as a noteworthy name in the current market landscape, where investors are increasingly looking for assets with intrinsic value and strong growth potential.

Core business profit nearly triples in H1

In Q2/2025, GELEX reported consolidated net revenue of VND 10,131 billion, a 22.8% increase year-over-year.

By segment, Electrical Equipment contributed VND 6,518 billion (up 24.8%), Industrial Parks and Real Estate generated VND 1,110 billion (up 39.4%), and Building Materials reached VND 2,149 billion (up 11.1%). Utilities Infrastructure also maintained its growth trajectory with VND 343 billion, an increase of 17.5%.

Gross profit rose to VND 2,334 billion, a 56.1% increase compared to Q2/2024, raising the gross margin to 23% from 18.1% in the same period last year, reflecting enhanced operational efficiency in core segments.

Pre-tax profit reached VND 1,553 billion, up 12.3% year-over-year – a record high, driven by strong revenue growth and efficient cost management.

For the first half of 2025, GELEX recorded consolidated net revenue of VND 18,047 billion and pre-tax profit of VND 2,198 billion, up 21.1% and 24.3% respectively compared to the same period in 2024.

Excluding one-off gains from the transfer of renewable energy projects to Sembcorp in H1/2024, pre-tax profit from GELEX’s core businesses nearly tripled. This performance demonstrates that GELEX’s strategic directions are proving effective, well-aligned with market conditions, and capitalizing on emerging opportunities.

By the end of Q2/2025, GELEX had achieved 48% of its full-year revenue target and 72% of its pre-tax profit goal, laying a strong foundation for breakthroughs in the second half of the year, with the possibility of reaching its annual targets ahead of schedule.

Total consolidated assets as of June 30, 2025 reached VND 59,261 billion, up 10.2% since the beginning of the year. Short-term assets grew by 17.2%, primarily driven by increased short-term financial investments, higher inventories, and receivables serving the core business operations.

The company maintained stable and prudent financial ratios, including a healthy debt-to-equity ratio. Liquidity and debt servicing indicators continued to improve and remained well above standard thresholds.

Long-term value backed by structured investment

Beyond financial results, GELEX affirms its positioning through a solid foundation and forward-looking long-term strategies.

Electrical Equipment remains a core pillar of GELEX’s business, supported by a strong ecosystem of reputable brands in the power industry value chain, including CADIVI, THIBIDI, EMIC, and CFT. Growing demand for electricity and power infrastructure, especially amid Vietnam’s industrialization, urbanization, and clean energy transition, provides a solid growth engine. Investments in new technologies, green products, and expanded distribution channels help GELEX’s subsidiaries maintain market share and improve margins.

GELEX’s Electrical Equipment segment also focuses on energy-efficient and environmentally friendly products, supporting sustainable development goals.

In the Infrastructure segment, GELEX benefits from Vietnam’s public investment push, infrastructure expansion, and rising FDI inflows, which are driving demand for building materials and industrial land.

Subsidiary Viglacera is expanding its industrial land portfolio with three major projects: Dốc Đá Trắng IP (288 ha, VND 1,807 billion investment) in Khanh Hoa; Trấn Yên IP – Phase 1 (254.6 ha, VND 2,184 billion) in Yen Bai; Sông Công II IP – Phase 2 (296.2 ha, VND 3,985 billion) in Thai Nguyen. These projects benefit from global supply chain shifts and are attracting high-quality foreign investors, providing a stable and scalable revenue source.

GELEX’s Energy – Clean Water and Building Materials segments are also on a positive growth path. The diversified core business model not only spreads risk but also builds a value-sharing ecosystem that enhances efficiency and increases profitability across the supply chain.

Unlocking long-term growth through innovation and expansion

GELEX is actively implementing breakthrough strategies that open new growth opportunities, beyond consolidating existing business lines.

As one of the few companies investing in R&D, allocating 2% of Electrical Equipment segment revenue, GELEX promotes the development and application of advanced technologies for high-value, eco-friendly products that meet international standards. This strengthens competitiveness and supports market expansion, especially in export.

The company is also committed to ESG (Environmental, Social, and Governance) practices to build a sustainable business model. Its comprehensive digital transformation roadmap improves operational efficiency, optimizes business processes, and enhances adaptability to market fluctuations.

GELEX’s partnerships with reputable international institutions have provided access to advanced technologies and capital. Notably, it secured an unsecured loan of USD 79 million from major global banks, strengthening its resources for strategic projects.

GELEX’s transparent and positive business performance demonstrates its ability to generate strong core profits. By reinforcing traditional segments while embracing innovation and expansion, the company continues to improve corporate governance, manage risks effectively, and execute its strategies with agility. With these foundations, GELEX is not only a compelling short-term investment but also a strategic choice for investors seeking long-term, sustainable growth and value.

source: Tin nhanh chứng khoán