External audit highlights concern over Novaland’s ability to continue operating, sells 7 assets for over 13.5 trillion VND

Novaland (No Va Real Estate Investment Group) released its Q2 2025 financial report highlighting issues regarding its continuity. The group reported a loss of 666 billion VND and a cash flow deficit of 7.456 trillion VND. Facing challenges with short-term debts, it might not recover assets within the next 12 months. However, Novaland successfully sold 7 assets, generating 13.506 trillion VND, and continues restructuring negotiations for its debts. They also secured additional credit support of 15.050 trillion VND from banks and commitments from major shareholders. Management believes they will have sufficient working capital for operations in the near future.