Q1/2025, GELEX Electric’s pre-tax profit increases 215% year-on-year

In Q1/2025, GELEX Electric (GEE) reported consolidated net revenue of approximately 4.8 trillion VND, a 30% increase compared to the same period in 2024 and exceeding its quarterly plan by 10%. Pre-tax profit reached 465 billion VND, a 215% growth year-on-year, marking the highest level in the company’s history. CADIVI was the main contributor, accounting for 60% of revenue and 75% of profit. GEE’s target for 2025 is consolidated revenue of 22.282 trillion VND and pre-tax profit of 1.686 trillion VND, down 21.6% from last year due to the absence of large investment transfer profits. GEE is committed to sustainable growth, investing in technology, encouraging R&D, and expanding international cooperation and corporate governance improvements.