Hoang Anh Gia Lai Joint Stock Company, chaired by Doan Nguyen Duc (Bau Duc), was placed on the warning list on 11/10/2022 after recording another year of negative after-tax profit in 2021. By the end of 2024, the accumulated loss remained at 422.6 billion VND. However, the second quarter 2025 financial report shows a reversal of this trend, with the company recording over 400 billion VND in undistributed after-tax profit, officially eliminating its accumulated losses.

In the second quarter, the company recorded 2,329 billion VND in revenue, a year-on-year increase of over 50%, and 510 billion VND in after-tax profit, nearly doubling the previous year's figure. For the first half of the year, the company achieved 3,709 billion VND in revenue and 824 billion VND in after-tax profit, increasing by 34% and 73% respectively.

As of 30/6, the company's total assets reached over 26,000 billion VND, an increase of 3,700 billion VND compared to the beginning of the year. This is mainly due to short-term receivables of nearly 9,900 billion VND and loans to related parties exceeding 3,700 billion VND. Meanwhile, liabilities also increased to 15,600 billion VND, with over 9,300 billion VND attributed to financial loans. The outstanding bond balance held by BIDV decreased significantly from 3,105 billion VND at the end of 2024 to 1,099 billion VND, following the transfer of a large portion to a new group of investors.

On 22/8, Doan Hoang Nam, Bau Duc’s son, successfully purchased 27 million HAG shares, representing 2.55% of the company's capital. At the same time, Bau Duc sold 25 million shares, reducing his ownership from 31.2% to 28.84%. This marks the first time his son has appeared as a shareholder in the company. This development occurred while HAG shares were at a three-year high, having increased by nearly 30% since the beginning of the year.

Bau Duc stated that durian revenue will be recorded from the second half of the year, potentially helping the company raise its 2025 profit target to 1,500 billion VND. The company is also investing in planting 2,000 hectares of coffee and tea, and another 2,000 hectares of mulberry to diversify products, increase the value of its supply chain, and ensure sustainable growth.

Thi Ha