New Developments on Novaland’s Inventory

Novaland Group has announced its Q4 2025 financial results, reporting a consolidated revenue of VND 1,567 billion and a net profit after tax of VND 3,638 billion, reflecting significant growth compared to last year. For the full year 2025, the total revenue reached VND 6,965 billion, with VND 6,365 billion coming from major projects like NovaWorld and Aqua City. The after-tax profit was VND 1,819 billion, marking a turnaround from a prior loss. The inventory stood at VND 153,392 billion, primarily consisting of land bank (94.2%) and properties awaiting delivery. As of December 31, 2025, total assets amounted to VND 249,792 billion, with total debt of VND 67,191 billion, showing a slight reduction in short-term borrowings. NVL shares surged 7% to VND 13,000 on January 30.