In a recent financial report to bondholders, Tap Doan Mat Troi Joint Stock Company announced its after-tax profit for 2025 reached over 178 billion Vietnamese dong. This figure is nearly five times lower than in 2024. It also marks the lowest profit since the company began disclosing information in 2022.

Despite this, the company's financial health improved last year. Equity increased 2.5 times to over 33.5 trillion Vietnamese dong. The main reason for this was a significant increase in owner's investment during the period, rising from 10.8275 trillion Vietnamese dong to 29.1275 trillion Vietnamese dong. Additionally, the company recorded over 2.631 trillion Vietnamese dong in accumulated profit.

However, total liabilities at the end of last year reached over 37.615 trillion Vietnamese dong, an increase of over 25%. Due to the substantial increase in equity, the debt-to-equity ratio decreased from 2.25 times to 1.12 times during this period, which is considered a safe level for real estate businesses.

Perspective of the Binh Quoi - Thanh Da New Urban Area project. Photo: Sun Group.

Tap Doan Mat Troi is a key entity within the Sun Group ecosystem. Sun Group, established in 2007, operates across diverse sectors including real estate, entertainment, construction investment, and aviation. In the real estate sector, while developing various property types and segments, its strength lies in resort and spiritual projects. This developer has a presence in many localities such as Da Nang, Quang Ninh, Tay Ninh, Phu Quoc (An Giang), and Sa Pa (Lao Cai).

Since last year, Sun Group has made a strong resurgence in the real estate and tourism markets, actively seeking investment opportunities and continuously launching and selling numerous projects in TP HCM, Ha Noi, Quang Ninh, Quang Tri, Da Nang, Ninh Binh, and Khanh Hoa. Recently, TP HCM approved their investment in the Binh Quoi - Thanh Da New Urban Area, spanning over 423 hectares with an estimated capital of nearly 99 trillion Vietnamese dong.

The company also launched Sun PhuQuoc Airways to connect major domestic and international cities to Phu Quoc. This airline represents the final piece in Sun Group's ecosystem, encompassing resort tourism, entertainment, infrastructure, and real estate.