Vietnam Electricity (EVN) successfully eliminated its consolidated accumulated losses by the end of 2025, achieving an undistributed after-tax profit of over 5,533 billion VND. This marks a significant turnaround from the approximately 38,688 billion VND in accumulated losses recorded at the beginning of the year. The substantial profit for the year not only cleared the group's consolidated losses but also significantly eased financial pressure on its parent company.

According to EVN's audited consolidated financial statement for 2025, the group's consolidated revenue reached 645,658 billion VND last year, an increase of 11,2% compared to 2024. Concurrently, the cost of goods sold saw a more modest rise of 3,4%, reaching 549,307 billion VND. Consequently, the company's gross profit significantly improved, increasing by over 94% to more than 96,350 billion VND. After deducting other expenses, EVN reported a consolidated pre-tax profit exceeding 54,750 billion VND, 5,8 times higher than in 2024.

EVN leaders, at the 2025 year-end review conference, attributed the reduction in accumulated losses to effective cost-cutting measures. They clarified that these prior losses were direct costs for electricity production and supply that had not been fully accounted for or adequately compensated in previous retail prices.

The parent company of EVN also demonstrated strong financial recovery. It began 2025 with accumulated losses exceeding 45,374 billion VND. However, by year-end, its separate financial statement indicated a pre-tax profit of approximately 39,768 billion VND, an increase of over 7,5 times compared to the previous year. This performance reduced the parent company's accumulated losses to just over 5,600 billion VND. EVN confirmed this figure in a document sent to the Ministry of Industry and Trade on 14/5, citing improved business operations as the primary driver.

By 31/12/2025, the electricity giant's total assets reached over 783,000 billion VND, marking an increase of nearly 16% compared to the end of 2024. On the liabilities side, debts payable were approximately 523,450 billion VND, an increase of over 10%. Owner's equity also grew substantially, reaching over 259,639 billion VND, an increase of approximately 29%.

Anh Tu