Fecon Joint Stock Company (FCN), listed on the Ho Chi Minh City Stock Exchange, corrected its Q4/2025 business results report, showing significant changes across several indicators. Net revenue decreased by approximately 1,140 billion dong from the initial report, settling at 1,572 billion dong. Cost of goods sold and gross profit were adjusted to approximately 1,320 billion dong and 250 billion dong, respectively, a sharp decrease from figures announced half a month earlier.

The corrections also impacted key financial items: financial revenue, interest expenses, sales expenses, and corporate administration costs all decreased by tens of billions of dong. Consequently, after-tax profit fell from 79 billion dong to approximately 62 billion dong. Despite this reduction, the revised profit was still double that of the same period last year.

Fecon's management attributed the error to the printing process, confirming that other key indicators like assets, owner's equity, and debt remained unchanged.

For the full year, the company reported cumulative revenue exceeding 4,860 billion dong, nearly 1.5 times the previous year's figure. After-tax profit reached 96 billion dong, three times that of the same period. These results, however, fell short of the consolidated targets approved at the mid-last-year annual meeting: 5,000 billion dong for revenue and 200 billion dong for after-tax profit. Fecon's current financial position includes total assets of approximately 10,200 billion dong and owner's equity exceeding 3,300 billion dong.

Established in 2004, Fecon operates as a general contractor specializing in infrastructure projects, encompassing railways, urban underground works, ports, logistics, industrial, and energy sectors. The company also expanded its investments into sustainable industrial parks, green urban areas, transport infrastructure, and renewable energy.

Fecon is currently involved in the construction of several works and component items for key transport projects, including metro line 3 Nhon - Ha Noi Station, metro line 5 Van Cao - Hoa Lac, and the Lao Cai - Ha Noi - Hai Phong railway. Last year, the Thong Nhat Consortium, which included Fecon, secured a 900 billion dong bid package for the investment, construction, and business of aircraft maintenance service project number one at Long Thanh International Airport.

Phuong Dong