First Real Estate JSC Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Jun'24

Net Sales

20,769.70

27,292.93

43,097.80

45,770.34

276.76

27,881.76

14,145.20

Other Operating Income

0.00

Total Operating income

20,769.70

27,292.93

43,097.80

45,770.34

276.76

27,881.76

14,145.20

Raw Material Cost

15,185.78

14,792.52

14,794.25

14,325.40

252.71

10,911.30

5,596.14

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

1,433.44

1,453.73

1,401.67

1,447.11

1,127.82

1,170.01

1,313.58

Power Cost

0.00

Manufacturing Expenses

2,038.58

4,920.41

6,112.16

13,972.23

2,464.69

21,249.02

3,064.37

Selling and Distribution Expenses

2,570.65

-1,012.44

3,517.92

-3,225.37

10,831.60

2,663.69

3,700.16

Other Expenses

-347.20

-637.41

-751.38

-1,541.93

-359.25

-2,241.90

-437.79

Total Expenditure (Excl Depreciation)

17,756.43

13,780.08

18,312.18

11,100.02

11,084.31

13,575.00

9,296.30

Operating Profit (PBDIT) excl Other Income

3013.2999999999997

13512.9

24785.6

34670.3

-10807.6

14306.800000000001

4848.9

Other Income

-72.74

-2,711.33

51.10

43.25

-8.80

15.87

-180.49

Operating Profit (PBDIT)

12,391.75

15,147.03

26,363.79

34,935.66

-10,571.24

14,617.64

4,888.61

Interest

2,038.58

4,920.41

6,112.16

13,972.23

2,464.69

21,249.02

3,064.37

Exceptional Items

0.00

Gross Profit (PBDT)

5,583.91

12,500.41

28,303.55

31,444.95

24.04

16,970.45

8,549.06

Depreciation

9,451.22

4,350.31

1,532.70

245.14

245.11

295.01

268.97

Profit Before Tax

901.94

5,876.30

18,718.93

20,718.29

-13,281.04

-6,926.39

1,555.27

Tax

180.56

2,578.62

3,754.42

1,695.35

0.00

3,536.96

347.21

Provisions and contingencies

0.00

Profit After Tax

721.38

3,297.68

14,964.52

19,023.52

-13,280.60

-10,462.71

1,207.86

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

721.38

3,297.68

14,964.52

19,023.52

-13,280.60

-10,462.71

1,207.86

Share in Profit of Associates

0.00

Minority Interest

-0.00

0.01

-0.01

-0.57

-0.45

-0.65

0.19

Other related items

0.00

Consolidated Net Profit

721.38

3,297.68

14,964.51

19,022.94

-13,281.04

-10,463.36

1,208.05

Equity Capital

0.00

Face Value

10000.0

Reserves

7,44,623.83

0.00

7,59,762.60

7,47,676.98

7,28,653.46

7,41,934.06

7,52,009.37

Earnings per share (EPS)

10.2

46.64

211.75

269.19

-187.92

-148.05

17.09

Diluted Earnings per share

10.2

46.64

211.75

269.19

-187.92

-148.05

17.09

Operating Profit Margin (Excl OI)

14.51%

49.49%

57.5%

75.7%

-3905.09%

51.31%

33.93%

Gross Profit Margin

49.85%

37.47%

46.99%

45.8%

-4710.27%

-23.78%

12.9%

PAT Margin

3.47%

12.08%

34.72%

41.56%

-4798.68%

-37.53%

8.54%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Dec 2025 is -23.90% vs -36.67% in Sep 2025

Consolidate Net Profit

QoQ Growth in quarter ended Dec 2025 is -78.12% vs -77.96% in Sep 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Dec 2025 is -30.20% vs -32.13% in Sep 2025

Interest

QoQ Growth in quarter ended Dec 2025 is -58.57% vs -19.50% in Sep 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Dec 2025 has fallen from Sep 2025

Compare Quarterly Results Of First Real Estate JSC With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(VND)

Change(%)

Net Sales

20,769.70

40,143.29

-19,373.59

-48.26%

Other Operating Income

0.00

Total Operating income

20,769.70

40,143.29

-19,373.59

-48.26%

Raw Material Cost

15,185.78

13,380.31

1,805.47

13.49%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

1,433.44

4,644.07

-3,210.63

-69.13%

Power Cost

0.00

Manufacturing Expenses

2,038.58

0.00

2,038.58

Selling and Distribution Expenses

2,570.65

5,834.62

-3,263.97

-55.94%

Other Expenses

-347.20

-464.41

117.21

25.24%

Total Expenditure (Excl Depreciation)

17,756.43

19,214.93

-1,458.50

-7.59%

Operating Profit (PBDIT) excl Other Income

3,013.26

20,928.35

-17,915.09

-85.60%

Other Income

-72.74

99,320.27

-99,393.01

-100.07%

Operating Profit (PBDIT)

12,391.75

1,21,550.62

-1,09,158.87

-89.81%

Interest

2,038.58

0.00

2,038.58

Exceptional Items

0.00

Gross Profit (PBDT)

5,583.91

26,762.98

-21,179.07

-79.14%

Depreciation

9,451.22

1,480.83

7,970.39

538.24%

Profit Before Tax

901.94

1,20,069.79

-1,19,167.85

-99.25%

Tax

180.56

22,028.56

-21,848.00

-99.18%

Provisions and contingencies

0.00

Profit After Tax

721.38

97,608.45

-96,887.07

-99.26%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

721.38

97,608.45

-96,887.07

-99.26%

Share in Profit of Associates

0.00

Minority Interest

-0.00

432.79

-432.79

-100.00%

Other related items

0.00

Consolidated Net Profit

721.38

98,041.23

-97,319.85

-99.26%

Equity Capital

0.00

Face Value

10,000.00

0.00

Reserves

7,44,623.83

18,65,302.67

-11,20,678.84

-60.08%

Earnings per share (EPS)

10.20

0.00

10.20

Diluted Earnings per share

10.20

0.00

10.20

Operating Profit Margin (Excl OI)

14.51%

51.69%

0.00

-37.18%

Gross Profit Margin

49.85%

302.79%

0.00

-252.94%

PAT Margin

3.47%

243.15%

0.00

-239.68%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 2,076.97 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -23.90% vs -36.67% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 7,403.50% vs -99.49% in Dec 2024

Quarterly - Consolidate Net Profit

Consolidate Net Profit 72.14 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -78.12% vs -77.96% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 105.43% vs -236.49% in Dec 2024

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 1,246.45 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -30.20% vs -32.13% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 218.01% vs -145.44% in Dec 2024

Quarterly - Interest

Interest 203.86 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -58.57% vs -19.50% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -17.29% vs -77.05% in Dec 2024

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 14.51%

in Dec 2025

Figures in %

QoQ Growth in quarter ended Dec 2025 has fallen from Sep 2025

YoY Growth in quarter ended Dec 2025 has improved from Dec 2024