Ho Chi Minh City, July 30, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) today announced financial results for Q4 FY2025, posting robust growth across key indicators. The performance was driven by efficient execution and on-time delivery of major projects. In addition to surpassing the profit target, Coteccons closed the year with a backlog of VND 35,353 billion, laying a solid foundation for 2026 growth.
Coteccons’ consolidated net revenue in Q4 FY2025 reached VND 8,351 billion, up 26.6% year-on-year. Full-year revenue was estimated at VND 24,867 billion, up 18.2% compared to FY2024.
Gross profit in Q4 FY2025 was VND 216 billion, with full-year gross profit estimated at VND 778 billion, up 9.2% year-on-year. The Q4 gross margin stood at 2.58%, while the full-year margin was 3.13%.
Net profit after tax in Q4 FY2025 was VND 196 billion—2.8 times higher than the same period last year. Full-year profit was estimated at VND 454 billion, representing a 46.6% increase.
This strong performance reflects not only rising construction demand but also Coteccons’ ability to accelerate project delivery, boost execution volume, maintain strict cost control, and ensure timely completion.
Coteccons was recently recognized as Vietnam’s largest construction contractor in the Fortune Southeast Asia 500 list. Notably, in 2025, Coteccons advanced 72 places compared to its first year of inclusion—underscoring the company’s remarkable business growth.
Contract Wins Up 32%, Backlog Over VND 35 Trillion, strengthening the foundation for growth
In H1 2025, Vietnam’s construction sector grew 9.62%—its highest first-half growth in the 2011–2025 period (source: General Statistics Office). Industry outlook remains positive, supported by economic expansion and rising demand for infrastructure, public investment, and real estate.
Capitalizing on these opportunities, Coteccons secured contract wins exceeding VND 29.1 trillion in FY2025, up 32% year-on-year and surpassing 2024 AGM target. Over 70% of sales from successful tenders were repeat sales, reflecting strong client trust and satisfaction with Coteccons’ consistent execution and value delivery. This stable base enables sustainable revenues from strategic clients while creating opportunities to expand into new segments and markets.
At the end of Q4 FY2025, Coteccons’ backlog stood at VND 35,353 billion, providing not only near-term visibility but also a robust work source to support sustainable growth in FY2026 and beyond.
In Q4 FY2025, Coteccons continued expanding project portfolio with notable repeat contracts, including:
- Eaton Park Phase 3 (main construction works) – Gamuda Land
- Ecopark Central Park, Vinh (design & build contract for HH2 mixed-use residential complex) – Ecopark
- New Urban Area in Dong Anh – MIK Group
- Nam Phuong Hotel Complex, Phu Quoc (MEP package) – Sun Phu Quoc Co., Ltd
- Hon Thom Resort & Entertainment Complex, Phu Quoc (MEP package) – Phu Quoc Civil Construction Co., Ltd
- The Global City CT07 – Masterise Homes
Mr. Bolat Duisenov, Chairman of the Board of Directors, stated: “Coteccons is not only a leading construction company but also a vital economic cell contributing to the sustainable growth of both the industry and the nation. In this new era of Vietnam’s rise, Coteccons is present at landmark projects of national significance, serving as a front-line builder of progress. At the same time, we are carrying the expertise, standards, and resilience of Vietnam’s construction sector to the world—reinforcing the country’s position on the global industrial map.”
With these positive results, Coteccons enters the new fiscal year with confidence and determination to deliver on our strategic objectives. The company remains committed to affirming the pioneering role through execution excellence while steadfastly pursuing long-term, sustainable growth.
Full details of the Q4 FY2025 financial report are available at:
https://www.coteccons.vn/investor-relations-vn/
About Coteccons
Coteccons is Vietnam’s leading contractor with 21 years of experience delivering large-scale and complex projects. The company is a pioneer in technology adoption and innovation, providing optimized construction solutions that enhance quality of life and promote sustainable community development.
