VGI – Q2 and H1/2025: Maintaining a growth streak of more than 20% YoY for 7 consecutive quarters
• VGI recorded a positive performance in Q2 with revenue/PBT/NPAT-MI growth rate of 21%, 76% and 185% yoy, respectively. The African region contributed the most with 51.4% of revenue thanks to the impressive growth rate (>50%) from market companies in Burundi, Mozambique, Tanzania and some other markets (Haiti, Cambodia, Timor-Leste).• In H1/2025, VGI reached VND 20,170.9 billion in revenue (reaching 52% of the plan, equivalent to 51.7% of VDSC's forecast) and VND 3,976 billion in profit (completing 70% of the plan, equivalent to 42% of the forecast).
• In terms of segments, telecom services are still the core segment with a contribution of more than 80%. In addition, the digital service segment continued to perform well, notably the e-wallet segment with a growth rate of more than 80% in Burundi, Tanzania, and Cambodia. This segment is considered to have the greatest potential in this service category.
• 4G technology continues to be upgraded in the African market with a roadmap to increase coverage to 70% in Burundi, while 5G has officially been deployed in Southeast Asia, most recently in the Timor-Leste market.
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