EVF Reports 1,104 Billion VND Pre-Tax Profit, Up 57% in FY2025
This Aveluro analysis covers EVF on HOSE in the Financial Services sector. The classified event type is earnings beat, with positive sentiment and a deterministic market-impact score of 9.8/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
EVF (Tài chính Tổng hợp Điện lực, HOSE) reported pre-tax profit of more than 1,100 billion VND for fiscal year 2025, an increase of nearly 57% from the prior year. The company also contributed 210 billion VND to the state budget, up 84% from 114 billion VND in 2024. The results highlight EVF’s transition from an electricity-sector financier to a diversified financial institution.
Key Facts
- Pre-tax profit exceeded 1,104 billion VND in FY2025, up nearly 57% year-on-year and surpassing the annual plan.
- State budget contribution rose to 210 billion VND in 2025 from 114 billion VND in 2024, an 84% increase.
- Total assets reached 83,058 billion VND at end-2025, up from 59,598 billion VND in 2024 and 49,221 billion VND in 2023.
- Net interest income, the core revenue source, grew 31% year-on-year.
- EVF was established in 2008 and initially managed capital for Vietnam Electricity (EVN) projects.
- The company crossed the 1,000 billion VND pre-tax profit mark for the first time in 2025.
What Happened
EVF, formally known as Công ty Tài chính Tổng hợp Cổ phần Điện lực, reported its fiscal year 2025 results, showing pre-tax profit of over 1,104 billion VND, a 57% increase from 2024. The company’s state budget contribution jumped 84% to 210 billion VND, making it one of the fastest-growing budget contributors among leading financial services firms. The figures were disclosed in the company’s annual financial statements.
The profit growth was driven by a significant expansion in credit activities, with net interest income rising 31%. Total assets grew to 83,058 billion VND, an increase of nearly 34,000 billion VND, or 69%, over the two-year period from end-2023. This asset growth reflects EVF’s strategic shift from a purely electricity-focused financier to a comprehensive financial company serving multiple sectors of the economy.
Market Context
EVF is listed on the HOSE exchange. The company’s shares closed at 11,300 VND on October 11, 2026. The financial services sector in Vietnam has seen increased competition and regulatory scrutiny, but EVF’s strong profit growth and asset expansion position it as a notable performer. The broader Vietnamese market has been characterized by active retail participation and a push for sustainable development, aligning with EVF’s emphasis on green capital and community value.
Strategic Significance
EVF’s transformation from an electricity-sector captive financier to a diversified financial institution is central to its long-term investment thesis. The 57% profit growth and 69% asset expansion over two years demonstrate successful execution of this strategy. The company’s focus on green capital and sustainable development could provide a competitive advantage as Vietnam accelerates its energy transition and seeks to channel capital into environmentally friendly projects. Additionally, the substantial increase in budget contributions underscores EVF’s growing role in the national economy and its alignment with government objectives.
What to Watch
- Q1 2026 earnings release for confirmation of profit momentum.
- Updates on credit growth and asset quality, particularly non-performing loan ratios.
- Details on green capital initiatives and any new funding for renewable energy projects.
- State budget contribution trends in 2026 and potential changes in tax policy.
- Foreign ownership room and any changes in shareholder structure.