F88 reported revenue of 1,744 billion VND for the first half of the year, a 30% increase compared to the same period last year. Financial services contributed 1,521 billion VND, a 28% increase. Revenue from insurance and other sources reached 199.6 billion VND and 6 billion VND respectively, increasing 45% and 360% due to expanded product coverage and effective cross-selling.

The company's revenue growth primarily stemmed from increased disbursement efforts, expanding outstanding loan balances, and maintaining risk management discipline. Disbursement value in the second quarter reached 3,862 billion VND, a 47.4% increase compared to the same period in 2024. The total outstanding loan balance as of 30/6 reached 5,543 billion VND, a 45.1% increase. Approximately 80% of this outstanding balance came from direct business activities, with the remainder from cooperation with third parties—a segment that grew by 50% year-on-year.

An F88 store in Hanoi. Photo: Huyen Trang

An F88 store in Hanoi. Photo: Huyen Trang

In the first six months, the company opened 20 new locations, bringing the total to 888 stores. Both new customer and new loan contract figures increased significantly, with a customer retention rate of 50%.

The company recorded a pre-tax profit of 189 billion VND in the second quarter, bringing the total for the first six months to 321 billion VND, a 220% increase (3.2 times higher) compared to the same period in 2024.

The company recently appointed Piyasak Ukritnukun, CEO of Ngern Tid Lor, a Thai financial company, as an independent member of its board of directors.

Thi Ha