Everland Group recorded strong business growth in 2025 while maintaining a solid financial foundation for its next development cycle.

2025 - A year of positive momentum

According to Everland Group's audited financial statements for 2025, most key financial and operating indicators either met or exceeded the Company's targets while recording substantial year-on-year growth.

Net profit after tax reached VND 98.9 billion, representing a 193% increase compared with 2024, while consolidated total assets rose to VND 6.385 trillion, up 31.4% year-on-year. The Group's asset portfolio remained primarily concentrated in projects under development and assets expected to generate revenue in the near term an encouraging result amid continued challenges facing both the overall economy and Vietnam's real estate market.

According to Everland's Executive Board, the 2025 results demonstrate improvements in both business scale and the quality of earnings, supported by the continuous strengthening of the Group's financial fundamentals. At the AGM, the Board of Directors will propose a 5% stock dividend for shareholder approval.

One of the highlights of Everland's financial performance has been its prudent management of borrowings and financial leverage. As of the end of 2025, the Group's total outstanding loans stood at VND 1.097 trillion, lower than at the end of 2024. Cash flows remained stable, banking relationships operated normally, and the Group maintained no non-performing loans and no outstanding corporate bonds. Given the current asset base, Everland's leverage ratio remains at a healthy level, reducing financing costs while preserving sufficient capacity for future investment.

Meanwhile, the Group expanded its workforce by 157% during the year, reflecting its readiness to support future business expansion as well as the operation of upcoming hospitality projects. Together, these factors provide a solid foundation for Everland's next stage of development, combining new investments with the commercial operation of completed projects.

Positive progress across the real estate portfolio

Real estate Everland's core business pillar also achieved significant milestones throughout 2025.

Among the most notable achievements was the completion and preparation for the commercial operation of Phase 1 of Crystal Holidays Harbour Van Don, an integrated tourism, resort, and entertainment complex offering nearly 1,000 five-star hotel rooms and resort apartments. This marks an important transition from project development to commercial operation, creating new revenue streams from hospitality and tourism services.

Crystal Holidays Harbour Van Don is expected to generate sustainable operating income as it begins welcoming guests in Summer 2026.

As Van Don Special Zone continues to strengthen its transportation infrastructure and establish itself as Northern Vietnam's emerging high-end marine tourism destination, demand for premium accommodation and travel experiences has continued to rise.

The launch of Crystal Holidays Harbour Van Don coincides with the recovery of Vietnam's tourism market and is expected to optimize occupancy while enhancing the overall performance of the integrated resort. Combined with the project's connection to the broader tourism ecosystem of Bai Tu Long Bay, the development is expected to encourage longer visitor stays, increase average tourist spending, and improve overall operational efficiency.

From a financial perspective, the commencement of operations at Phase 1 will not only convert development assets into recurring operating revenue but is also expected to strengthen the Group's cash flow and improve key financial indicators, including earnings per share (EPS), in the coming years.

Beyond Van Don, Everland also made steady progress across several other real estate developments during 2025.

In Dak Lak Province, construction of infrastructure and landscaping at the Xuan Dai Bay Commercial, Service and Resort Complex continues to accelerate, paving the way for the next phase involving accommodation and tourism facilities.

Meanwhile, in Quang Ngai Province, the Crystal Holidays Heritage Ly Son integrated cultural heritage resort has completed land allocation procedures and key legal approvals, positioning the project for construction commencement.

Construction of Crystal Holidays Heritage Ly Son is scheduled to commence in the second quarter of 2026.

During 2025, Everland also accelerated investment procedures for several new urban development projects in Hai Phong, Phu Tho, Bac Ninh, and Dong Thap - regions experiencing rapid urbanization and industrial growth to establish a robust pipeline of projects supporting the Group's medium- and long-term expansion.

A long-term vision for sustainable growth

At the AGM, Everland's Executive Board will submit its 2026 business plan for shareholder approval, featuring ambitious growth targets.

The Group expects consolidated revenue to reach VND 2.2 trillion, representing an increase of 96.57% compared with 2025, while consolidated profit after tax is projected at VND 170.5 billion, up 72.43% year-on-year. Total assets are expected to increase to VND 8 trillion, representing annual growth of 25.3%.

For the parent company, Everland targets revenue of VND 730 billion, up 19.51%, profit after tax of VND 66.8 billion, an increase of 77.55%, and total assets of VND 3.115 trillion, up 26.2%. A 5% dividend is also planned for 2026.

The AGM materials will also introduce key elements of Everland Group's Development Strategy for 2026 – 2030, with a vision to 2035, recently approved by the Board of Directors. The strategy targets sustained double-digit annual growth while pursuing an ambitious business ecosystem expansion plan.

During the 2026–2030 period, the Group will focus on real estate and tourism as its primary business pillars, supported by complementary businesses including trading, services, construction, and finance. Key growth drivers will come from the sale and leasing of real estate products, including resort, urban, commercial, and social housing developments, as well as tourism services and commercial operations. The Group also plans to gradually establish integrated value chains across its tourism and real estate businesses.

Looking ahead to 2031–2035, Everland intends to expand its core business portfolio to include manufacturing alongside real estate, tourism, and finance. Supporting businesses will continue to include construction, trading, and services, while future growth is expected to be driven by real estate, manufacturing, financial investments, and tourism services. During this phase, the Group plans to complete its integrated tourism and real estate value chains while gradually developing manufacturing and export capabilities.

Everland has also identified several long-term growth drivers through 2035, including human capital development, modern corporate governance, innovation, digital transformation, international integration, and sustainable development based on ESG principles.

If successfully implemented, this long-term strategy is expected to provide a solid foundation for Everland's sustainable growth while delivering lasting value to shareholders and investors.

Source: CafeF