GELEX Electric recorded pre-tax profit of 608 billion VND in Q1 2025, up 311% year-on-year, marking the highest quarterly profit in its history. Consolidated revenue reached 5,281 billion VND, a 42% increase year-on-year. Gross profit grew significantly by 117% to 832 billion VND. The main drivers of growth were the core product, CADIVI electrical cables, and digital transformation efforts. The company achieved 23.7% of its revenue target and 36% of its profit plan for 2025. Total assets as of March 31, 2025, reached 13,597 billion VND. GELEX Electric continues to maintain safe financial ratios with ROA at 3.68% and ROE at 6.77%. The company is focusing on the domestic market and high-tech products while preparing response scenarios to tax policy fluctuations from the US. Plans include issuing stock to increase capital by the end of April and paying a cash dividend at a rate of 20%, totaling a 50% payout for shareholders.
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