According to HBC’s Q2 2025 financial report, revenue decreased by 57% to 935 billion VND. The company reported a substantial loss of 74 billion VND from operations, but managed to achieve a net profit of 42 billion VND thanks to liquidating fixed assets worth 121 billion VND. Net profit dropped by 94% from the previous year. In the first half of 2025, total revenue was 1.627 trillion VND, with a net profit of only 47 billion VND, achieving 13% of the annual goal. As of June 30, total assets decreased to 15.384 trillion VND, with inventory rising to 2.850 trillion VND. Total liabilities reached nearly 13.600 trillion VND, eight times the equity, while financial debt was about 4.146 trillion VND, slightly down from the start of the year. Hoa Binh Construction still carries a cumulative loss of 2.254 trillion VND, accounting for 65% of its charter capital.
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