PNJ recently announced its Q2 2025 financial results showing net revenue of 7.582 trillion VND, a 20% decrease year-on-year. However, net profit rose by 3% to 442 billion VND due to reduced cost of goods sold and a shift in revenue structure. In the first half of 2025, total revenue reached 17.218 trillion VND, down 22%, and net profit was 1.119 trillion VND, a 4% drop.
Retail jewelry sales grew positively by 5.5% to 11.433 trillion VND, aided by increased store count and effective marketing programs. Wholesale jewelry revenue also saw a 14.5% increase. Conversely, 24K gold sales plummeted by nearly 60% to 3.650 trillion VND due to raw material shortages.
The average gross margin for the first half reached 21.4%, up from 16.4% in the same period last year, attributed to optimized revenue restructuring. As of June 30, 2025, PNJ’s total assets were approximately 17.153 trillion VND, with debts decreasing by 13%. PNJ continues to maintain high customer trust, especially amid a market focused on transparency.
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