The company has sharply increased its inventory value by VND 200 billion in Q2, as it prepares stock for the back-to-school season and the launch of new bookstores.
According to its Q2 2025 financial report, Ho Chi Minh City Book Distribution Joint Stock Company (Fahasa – Ticker: FHS) reported end-of-period inventory of VND 1,006 billion, surpassing the VND 1,000 billion mark for the first time. This figure represents an increase of over VND 200 billion (or 26%) in just one quarter.
Most of this inventory consists of finished goods, accounting for VND 994 billion or nearly 99% of the total. The remaining portion includes raw materials and unfinished business-related costs.
In addition to goods, the company is also maintaining a strong cash position, with cash, cash equivalents, and bank deposits reaching VND 524 billion, up over 10% from the beginning of the year and representing 28% of total assets.
The company stated that it is collaborating with partners to prepare a large-scale stockpile of goods, including textbooks, reference books, foreign language books, notebooks, backpacks, and student supplies for this year’s back-to-school season.
Fahasa also plans to collaborate with shopping centers in Ho Chi Minh City, Hanoi, and Hai Phong to organize Back to School book fairs in August to serve the upcoming academic year.
Looking at Q2 performance, the company recorded a net revenue increase of nearly 9%, reaching VND 1,212 billion (equivalent to a daily average of VND 13.3 billion). Pre-tax profit reached over VND 10 billion, up 15% year-over-year.
For the first half of 2025, Fahasa reported a revenue of VND 1,984 billion, up nearly 9% compared to the same period last year. Pre-tax profit reached VND 29.3 billion, an increase of over 4%, achieving 40% of the annual target — even before the peak season.
Fahasa currently owns the largest bookstore chain in Vietnam, with approximately 130 stores. The company also announced plans to open four new bookstores in Q3, including Fahasa Dong Ba, Fahasa Nguyen Anh Thu, Fahasa Hung Yen, and Fahasa Vu Yen.
The company currently has chartered capital of nearly VND 128 billion, with state capital (via Saigon Cultural Corporation) accounting for 30.5%, and the remaining 69.5% held by private investors.
Source: vietnambiz.vn
