Quoc Cuong Gia Lai Reports Surprising Profits Despite 76% Revenue Drop, Nguyen Thi Nhu Loan Still Owes 11 Billion VND

Quoc Cuong Gia Lai (QCG) recently announced its Q4 2025 financial report, showing a 76% drop in net revenue to over 119 billion VND compared to the same period last year, mainly due to declining real estate sales. However, net profit surged to over 137 billion VND, doubling the previous year, thanks to unexpected financial income from asset liquidations. Annual revenue for 2025 remained lower, but net profit reached 171 billion VND, also twice that of last year, failing to meet the annual revenue target of 2 trillion VND. As of December 31, 2025, Nguyen Thi Nhu Loan still owed the company 11 billion VND while lending nearly 410 million VND to it. Loan’s family provided significant funding, with total loans of 474.5 billion VND from her daughter, son-in-law, and son. The company paid 1.2 trillion VND for a project related to Truong My Lan, with remaining debt around 1.683 trillion VND. QCG plans to divest and collaborate with partners to generate cash flow for debt repayment.

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