Fansipan Sa Pa cable car operating company profits nearly 29 billion VND

Fansipan Sa Pa Cable Car Tourism Company recorded an after-tax profit of approximately 29 billion VND last year, more than doubling compared to the same period.

Fansipan Sa Pa Cable Car Tourism Company, the operator of the Sun World Fansipan Legend complex, reported an after-tax profit of nearly 29 billion VND last year, more than doubling its performance from the previous period. In its periodic report to the Hanoi Stock Exchange (HNX), the company also indicated that its pre-tax profit in 2025 saw a significant seven-fold increase, rising from 15 billion VND to 103 billion VND.

According to management, this robust financial performance was driven by strong growth across all core business segments, including cable car operations, hotel services, and entertainment activities.

The improved business environment helped reduce the company's accumulated losses from previous years, decreasing from 222 billion VND to 194 billion VND. Key profitability metrics, such as return on assets (ROA) and return on equity (ROE), also showed improvement, reaching 0.22% and 0.88% respectively.

The Fansipan Sa Pa Cable Car Tourism Company is responsible for managing the entire Sun World Fansipan Legend complex. The cable car project, a central component of this complex, began construction in 11/2013 and commenced operations in 2/2016.

The company's equity surged to over 4,800 billion VND, a substantial increase from 1,733 billion VND at the start of the period. As of the end of last year, total liabilities grew by approximately 2,200 billion VND, reaching over 10,750 billion VND. This figure includes about 830 billion VND from domestically offered bonds. Despite the increase in outstanding debt, the company's short-term and quick solvency ratios, as well as its interest coverage, all improved. Management stated that this enhancement allows the company to proactively manage its resources to meet short-term financial obligations.