How will F88 do business in the second quarter of 2025?

DNVN - F88 has just announced its business results for the second quarter of 2025 with a revenue growth rate of 38% and pre-tax profit increasing by 220% over the same period last year.

By the end of the first half of 2025, F88 recorded a total revenue of VND 1,744 billion, an increase of 30% compared to the previous year. Of which, the mortgage lending segment brought in VND 1,521 billion, an increase of 28%, revenue from insurance business and other sources reached VND 199.6 billion and VND 6 billion, respectively, an increase of 45% and 360% over the same period.

In the past six months, the company has opened 20 more points of sale, bringing the total number of stores to 888.

The disbursement value in the second quarter of 2025 reached VND 3,862 billion, an increase of 47.4% over the same period in 2024. This is the highest disbursement increase of the company in the past 3 years. The total outstanding principal as of June 30, 2025 reached VND 5,543 billion, an increase of 45.1%.

Of which, approximately 80% of this total outstanding debt is generated by F88's direct business activities. The rest is generated through cooperation between F88 and third parties. Although the proportion of outstanding debt from the combination with third parties is still low, it has increased by 50% over the same period, showing great growth potential from strategic handshakes with major partners.

Contributing to the growth were efforts to expand the network and attract customers. In the past 6 months, the company opened 20 more points of sale, bringing the total number of stores to 888. In the second quarter, customer growth also recorded many positive results such as the new customer index and the number of new loan contracts increased by 19.5% and 76.2% respectively compared to the same period last year while the rate of returning customers to total customers reached 50%.

In the second quarter, the ratio of off-balance sheet debt (Net Write-off) to average total debt was recorded at 2.35%, down 0.62% over the same period.

All of the above breakthroughs brought in VND 189 billion in pre-tax profit in the second quarter of 2025, bringing the total pre-tax profit in the first half of the year to VND 321 billion, an increase of 213% compared to the first 6 months of 2024.

“The results in the first two quarters of the year are a testament to the controlled growth strategy that our company is pursuing. With the foundation being consolidated step by step, from technology, products to operations, F88 confidently enters the next stage of development: Listing shares on UPCOM", Mr. Phung Anh Tuan, Chairman of the Board of Directors of F88 shared.

Hoang Phuong

Source: https://doanhnghiepvn.vn/kinh-te/tai-chinh-ngan-hang/f88-kinh-doanh-ra-sao-trong-quy-ii-2025/20250731111621097