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EARNINGS REPORT 3M2025 FPT CORPORATION
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14,093 16,058 3M2024 3M2025 FPT’s Revenue 2,534 3,025 3M2024 3M2025 FPT’s Profit-Before-Tax 2,160 2,596 3M2024 3M2025 FPT’s Profit-After-Tax In Q1/2025, the Group’s overall business results continued to maintain a 20% profit growth rate, closely aligning with the annual targets set... Unit: VND billion FINANCIAL PERFORMANCE IN 3M2025
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1,798 2,174 3M2024 3M2025 PAT to Parent company’s shareholder 1,231 1,478 3M2024 3M2025 EPS Unit: VND billion FINANCIAL PERFORMANCE IN 3M2025 ...with the ultimate goal of creating value and ensuring the best interests of our shareholders. Unit: VND
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61% 28% 11% Revenue by sector Technology Telecommunication Education, Investment & Others 9,769 +15.3% +14.2% 1,707 +6.1% 47% 32% 21% PBT by sector Technology Telecommunication Education, Investment & Others 3,025 1,416 +22.5% 967 +17.1% 642 +16.2% 16,058 4,582 Unit: VND billion PERFORMANCE BY BUSINESS SECTOR
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DOMESTIC IT SERVICES 1,583 (+7.5%) in Revenue 24 (-40.3%) in PBT GLOBAL IT SERVICES 8,186 (+17.0%) in Revenue 1,391 (+24.8%) in PBT TELECOM SERVICES 4,465 (+14.9%) in Revenue 943 (+17.2%) in PBT ONLINE ADVERTISING 117 (-7.6%) in Revenue 23 (+15.3%) in PBT EDUCATION, INVESTMENT AND OTHERS 1,707 (+6.1%) in Revenue 642 (+16.2%) in PBT 3M2025 PERFORMANCE BY BUSINESS SEGMENT Unit: VND billion
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Amid ongoing global economic challenges, the Global IT Services segment maintained stable growth, achieving a 17.0% increase YoY. The main growth driver was the Japanese market (+30.4%), supported by strong IT spending demand, particularly in digital transformation. In Q1 2025, revenue from digital transformation reached VND 3,579 billion, up 21.1% year-over-year, with a focus on emerging technologies such as Cloud, AI, and Data Analytics. 43% 25% 8% 24% Revenue by market Japan US EU APAC 1,982 +24.6% +7.8% 2,002 +30.4% (+29.3% JPY- based) 2,956 3,579 3M2024 3M2025 DX Revenue +4.6% 688 3,5148,186 Unit: VND billion GLOBAL IT SERVICES: MAINTAINING GROWTH MOMENTUM
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Signed revenue maintained double-digit growth, reaching VND 11,505 billion (+17.2% YoY). In the first three months of 2025, FPT secured multiple large-scale international orders, winning 9 major projects valued at over USD 10 million—up 125% compared to the same period last year. 9,818 11,505 3M2024 3M2025 Signed revenue 60 69 3M2024 3M2025 Number of clients with revenue from $1M 4 9 3M2024 3M2025 Large deals ($10mn+) Signed revenue reached VND 11,505 billion, up 17.2% year-over-year Signed revenue Semi-mega deals ($500k+): 75 (+4.2%) Mega deals ($1mn+): 66 (-10.8%) Large deals ($10mn+): 9 (+125.0%) Deals Number of clients with revenue from $500K: 133 (+3.1%) Number of clients with revenue from $1M: 69 (+15.0%) Clients Unit: VND billion GLOBAL IT SERVICES: 9 LARGE-SCALE PROJECTS
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1,472 1,583 3M2024 3M2025 Domestic IT Services Revenue 41 24 3M2024 3M2025 Domestic IT Services PBT Unit: VND billion DOMESTIC IT SERVICES: MADE-BY-FPT SUSTAIN GROWTH MOMENTUM Driven by efforts to strengthen partnerships with government bodies and promote Cloud Computing and Artificial Intelligence solutions for domestic enterprises, the Domestic IT Services segment recorded revenue of VND 1,583 billion (+7.5%) and profit before tax of VND 24 billion (-40.3%). Made-by-FPT product ecosystem continued its growth momentum, generating VND 526 billion in revenue (+18.3%), thanks to its high applicability across both the Enterprise and Government sectors. 445 526 3M2024 3M2025 Made-by-FPT revenue
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Telecom Services maintained sustainable growth, with revenue reaching VND 4,465 billion (+14.9%) and profit before tax at VND 943 billion (+17.2%). Unit: VND billion TELECOM SERVICES: SUSTAINABLE EXPANSION 2,074 2,397 3M2024 3M2025 Broadband 1,811 2,068 3M2024 3M2025 Others Revenue by business lines
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The Education segment maintained a revenue growth of 3.2%, reaching VND 1,834 billion in Q1 2025. 1,776 1,834 3M2024 3M2025 Education Revenue Unit: VND billion EDUCATION SECTOR MAINTAINED GROWTH
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BUSINESS HIGHLIGHTS 3M2025 FPT signed a USD 67 million agreement with a partner in Indonesia On April 19, 2025, FPT signed a USD 67 million framework agreement with KMP Aryadhana. Spanning five years, the contract focuses on consulting, developing, and operating digital systems, with a particular emphasis on Artificial Intelligence (AI) applications and cloud computing platforms. This is FPT’s largest contract to date in the Indonesian market, marking a significant milestone in the Group’s global “Make AI Practical” strategy and further strengthening its footprint in Southeast Asia—one of its key growth markets in the next phase. FPT inaugurated a High-Tech and Semiconductor R&D Center in Da Nang. On March 27, 2025, FPT Corporation officially inaugurated its High-Tech and Semiconductor R&D Center at Da Nang’s Software Park No. 2. This marks a significant step in FPT’s strong commitment to partnering with the city in advancing science, technology, innovation, and digital transformation. The initiative contributes to realizing the vision of building a "Silicon Bay"—a hub for nurturing "Make in Vietnam" technology products—while supporting the implementation of key national resolutions such as Resolution 57-NQ/TW and Resolution 136/2024/QH15.
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BUSINESS HIGHLIGHTS 3M2025 FPT tops out educational complex in Hue On March 26, 2025, marking the 50th anniversary of the Liberation of Thua Thien Hue, FPT held the topping-out ceremony for THE educational complex designed to accommodate 20,000 learners. Located in the An Van Duong New Urban Area, Thuy Thanh Commune, Huong Thuy Town, the project spans a total area of 8.68 hectares. It includes a system of integrated general education schools (Primary, Secondary, and High School) and vocational education institutions (FPT College, FPT PolySchool), with training programs focused on cutting-edge technology fields such as STEM, AI, and Robotics. FPT launches international-standard training for automotive industry On February 25, 2025, FPT officially launched the Cranes FPT training system in collaboration with Cranes Varsity, a leading technology training organization in India. This is the first short-term training program in Vietnam focused on the development of smart automotive software according to international standards, with a focus on embedded systems, Artificial Intelligence (AI), and advanced automotive technologies. The program lasts for 2 years (4 semesters), with AI content comprising nearly 30%, and provides knowledge ranging from basic to advanced programming, simulation, and software testing. Graduates will receive the Advanced Diploma in Automotive Software Development (ADAS) certificate issued by Cranes Varsity, which is internationally recognized and meets the hiring needs of the global automotive industry.