FIR

HOSEReal Estate & Construction

Địa ốc First Real Joint Stock Company

Original Name: Công ty Cổ phần Địa ốc First Real

Reference Price5.160 ₫

Interactive Stock Chart

Exchange Ticker: HOSE:FIR

Listing Information

Exchange MarketHOSE

Live SectorReal Estate

First Trading Date18/10/2018

First Close Price₫14,400

Capital Structure

Charter Capital706.7 Billion VND

Listed Shares70,669,620

Outstanding Shares70,669,620

Treasury Shares-

Professional Advisors & Auditors

Independent Auditing History

Fiscal Year	Auditing Organization
2025	Kiểm toán và Dịch vụ Tin học MOORE AISC Co., Ltd.
2024	Kiểm toán AFC Vietnam Co., Ltd.
2023	EY Vietnam Co., Ltd.
2020	EY Vietnam Co., Ltd.
2019	Deloitte Vietnam Co., Ltd.
2018	Kiểm toán và Tư vấn Đất Việt Co., Ltd.
2017	Kiểm toán và Tư vấn Đất Việt Co., Ltd.
2016	Kiểm toán và Tư vấn RSM Vietnam Co., Ltd.

IPO & Listing Consultant

Securities VNDIRECT JSCListing Ticker Symbol: VND

Detailed Corporate Timeline & Sectors

Establishment History:

First Real Estate Joint Stock Company was established under business registration certificate No. 0101623121 issued by the Department of Planning and Investment of Da Nang City for the first time on September 17, 2014, replacing Changed for the 5th time on November 19, 2018.
Born and operating in the promising real estate market in the Central region in particular and Vietnam in general, First Real brings customers quality products, worthy of class, meeting strict criteria: prime location, rich amenities, reasonable prices and value increases over time.
After nearly 5 years of operation, the company has achieved many outstanding achievements, increasing the company's actual contributed charter capital to 130 billion VND.
First Real has participated in investment cooperation and development of many outstanding real estate projects in Da Nang and Quang Nam province such as: River View Urban Area project, An Cu project, Ngoc Duong Coco urban area project, Viem Trung Urban Area project, Urban Area project. residential area of Dien Thang market street... and some projects in Quang Binh such as: Truong Thinh commercial housing area, My Canh commercial housing area.
First Real Company began listing with FIR code on October 18, 2018 on the Ho Chi Minh City Stock Exchange. Ho Chi Minh.

Core Business Sectors:

Real estate business, land use rights belonging to the owner, user or tenant.

Details:

Real estate business.
Investment and business in industrial parks, industrial clusters, urban residential areas, tourist areas and entertainment areas.
Land for rent with completed infrastructure.
Investment and trading in housing to serve workers in industrial parks, industrial clusters, and urban residential areas.
Rent or sell houses, factories, warehouses.

Address: 5th Floor, Office Area - Bach Dang Hotel Complex, No. 50 Bach Dang Street, Hai Chau Ward, Hai Chau District, Da Nang City

Phone: (84-0236) 3616767

Disclosure Officer:

Email: [email protected]

Website: http://fir.vn/

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	₫1,621	₫270	₫9	₫28
Price-to-Earnings (P/E)	3.18x	19.11x	597.61x	185.35x
Book Value Per Share (BVPS)	₫10,221	₫10,491	₫10,500	₫10,528
Price-to-Book (P/B)	0.50x	0.49x	0.49x	0.49x
Return on Equity (ROE)	15.86%	2.57%	0.08%	0.26%
Return on Assets (ROA)	8.80%	1.36%	0.05%	0.16%
Net Profit Margin	29.80%	11.29%	0.49%	1.82%
Debt-to-Equity Ratio	0.80	0.89	0.81	0.66
Current Ratio	2.53	1.65	1.60	1.81

Audited Financial Statements

Source: KB Securities (KBS) Datafeed • Updated dynamically

Show absolute values (VND)

Doanh thu thuần về bán hàng và cung cấp dịch vụNet revenue

-71.8% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

-98.3% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

-5.1% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	108,262,519,000	123,961,565,000	169,124,770,000	384,512,017,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	-	-	-	-
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	108,262,519,000	123,961,565,000	169,124,770,000	384,512,017,000
4. Giá vốn hàng bán 4. Cost of goods sold	46,129,321,000	48,152,878,000	69,184,456,000	129,329,348,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	62,133,197,000	75,808,687,000	99,940,314,000	255,182,669,000
6. Lãi/Lỗ của hoạt động bán, thanh lý bất động sản đầu tư6. Gain/(Loss) on disposal of investment property	-	-	-	-
7. Doanh thu hoạt động tài chính 7. Financial income	163,012,000	42,835,000	16,984,154,000	367,342,000
8. Chi phí tài chính 8. Financial expenses	27,686,198,000	47,034,187,000	52,943,977,000	21,043,590,000
Trong đó: Chi phí đi vay Of which: Interest expense	27,686,198,000	47,110,187,000	48,475,777,000	21,036,790,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	796,448,000	39,613,000	-	-
9. Chi phí bán hàng 9. Selling expenses	1,128,117,000	4,865,111,000	8,901,485,000	58,223,293,000
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	17,500,866,000	15,300,314,000	19,487,976,000	28,509,054,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	16,777,476,000	8,691,524,000	35,591,029,000	147,774,073,000
12. Thu nhập khác 12. Other income	94,839,000	1,000,000	100,000,000	50,000
13. Chi phí khác 13. Other expenses	7,099,297,000	260,216,000	7,916,610,000	2,882,305,000
14. Lợi nhuận khác14. Other profit	-7,004,458,000	-259,216,000	-7,816,610,000	-2,882,255,000
Phần lợi nhuận/lỗ từ công ty liên kết liên doanhShare of associates and joint ventures' result	-	-	-	-
15. Tổng lợi nhuận kế toán trước thuế15. Profit before tax	9,773,018,000	8,432,308,000	27,774,419,000	144,891,819,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	7,603,629,000	7,580,591,000	8,687,764,000	30,301,110,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	201,952,000	241,523,000	-	-
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	1,967,437,000	610,194,000	19,086,655,000	114,590,709,000
Lợi ích của cổ đông thiểu sốMinority Interest	-954,000	-1,031,000	-320,000	299,000
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	1,968,391,000	611,225,000	19,086,975,000	114,590,410,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	28	10	297	2,617
20. Lãi suy giảm trên cổ phiếu (*)20. Diluted earnings per share	0	0	0	3,000

Data Source & Disclaimer

Data Source: Financial statement data is automatically aggregated from official disclosure feeds of listed companies through the analysis system of KB Securities Vietnam JSC (KB Securities).

Disclaimer: All financial data displayed on this website is provided for general reference purposes only. We make every effort to update accurate data but do not provide any warranty regarding its completeness or absolute reliability. The displayed figures do not constitute investment advice or an offer to trade securities. Users assume all risks and responsibilities for any financial decisions made based on the data on this website.

FIR

Địa ốc First Real Joint Stock Company

Interactive Stock Chart

Listing Information

Capital Structure

Professional Advisors & Auditors

Independent Auditing History

IPO & Listing Consultant

Detailed Corporate Timeline & Sectors

Key Financial Ratios (2025)

Historical Financial Metrics (YoY)

Financial Ratios Reference & Interpretation Guide

Audited Financial Statements

FIR — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality