Profit growth outpaced revenue growth, reflecting improved operational efficiency and stronger cost management amid a volatile market environment.
Nguyen Van Khoa
CEO
CEO’s message
Dear Shareholders, Customers, Partners, and FPT Employees,
The year 2025 was marked by significant challenges. Global economic growth slowed, while prolonged geopolitical instability was accompanied by rising trade tensions and new tariff policies in the United States. Capital and operating costs remained high, requiring businesses to exercise greater caution in their investment decisions.
Yet these difficulties did not discourage us. They instead compelled FPT to operate with greater determination, manage with greater flexibility, and adapt with stronger discipline and unity. Challenges have strengthened our ability to transform uncertainty into capability. Opportunities continue to emerge despite these risks, driven by the rapid rise of Artificial Intelligence (AI), the growing global demand for digital transformation, and Vietnam’s ongoing transformation under the spirit of Resolution No. 57-NQ/TW.
Staying committed to the plan and sustaining double-digit growth
In light of these circumstances, FPT maintained a forward-thinking approach, boosted its innovative efforts, and leveraged the combined power of its workforce to stick to the business strategy set by the shareholders. This ensured the company’s continued double-digit growth.
By the end of 2025, the Corporation recorded revenue of 70,113 billion VND, up 11.6%. Profit before tax reached 13,044 billion VND, an increase of 17.8%, while profit after tax rose to 11,232 billion VND, up 19.1% year-on-year. Earnings per share reached 5,216 VND, increasing 21.5% compared with the previous year. Profit growth outpaced revenue growth, reflecting improved operational efficiency and stronger cost management amid a volatile market environment.
Revenue
Profit after tax
IT services for foreign markets continued to be the primary growth driver of the Technology sector, generating revenue of 35,382 billion VND, up 14.3%. Notably, newly signed contracts exceeded 1.5 billion USD, equivalent to 40,636 billion VND, up 23.2%. The number of contracts valued at over 10 million USD doubled compared with the previous year. FPT’s position continued to strengthen. Beyond joining the ranks of global billion-dollar IT service providers, FPT has embarked on large-scale, long-term digital and technology transformation projects with high technological complexity for major partners, including Chelsea FC and Clearlake Capital Group, a global investment firm managing approximately 90 billion USD in assets. Revenue from Digital Transformation Services accounted for 47.3% of total revenue from IT services for foreign markets.
In the IT services for domestic market, FPT accelerated digital transformation partnerships and implemented initiatives aligned with Resolution No. 57-NQ/TW, Resolution No. 214/NQ-CP, and the Central Steering Committee’s Plans No. 01 and No. 02 on science and technology development, innovation, and digital transformation. The Corporation has worked alongside the Ministry of Finance, the Ministry of Justice, the Ministry of Ethnic and Religious Affairs, the State Bank of Vietnam, and the Ministry of Foreign Affairs to develop data strategies and digital transformation initiatives. FPT has also participated in implementing two key national databases including the Electronic Civil Status Database and the National Financial Database, while operating the Digital Platform for Civil Judgment Enforcement and the National Legal Portal. The Made-by-FPT ecosystem continued to achieve double-digit revenue growth, reaching 2,672 billion VND, up 19.1%. Many products have gained recognition as key industrial products, directly addressing large-scale national digital transformation challenges and laying the foundation for the Corporation’s long-term growth.
The Telecommunications segment maintained stable growth, with revenue reaching 18,702 billion VND and profit before tax reaching 4,167 billion VND, serving as essential digital infrastructure for the economy. A 10,000-square-meter international-standard data center was put into operation, providing a foundation for stable revenue and profit growth in the medium and long term. In 2025, the Telecommunications segment also underwent a significant change as the state ownership representative for the State’s capital contribution in FPT Telecom was transferred to the Ministry of Public Security. This transition strengthens the company’s role as a critical digital infrastructure enterprise and opens opportunities to participate in major national projects and strategic programs in the coming years.
In the Education segment, FPT continued expanding its training presence in localities such as Nghe An, Long An, Binh Dinh, and the former provinces of Binh Duong and Soc Trang, in line with the orientation of aligning education with the workforce needs of businesses and local economies. In particular, the FPT Education complex in Binh Duong provides integrated education from secondary school to university level, incorporating modern technologies such as AI, data science, and STEAM education. We have strengthened efforts to train a new generation of professionals with strong expertise, technological understanding, and the knowledge and skills required to support the implementation of Resolution No. 57-NQ/TW. Quang Ninh became the first locality to welcome a group of 74 FPT University’s IT students to assist local authorities and residents in implementing the Resolution.
The Corporation continues to foster a happy, multicultural, dynamic, and inclusive workplace, creating a sound foundation for attracting young global talent. Employees under the age of 30 account for 43.9% of the workforce, while managers under the age of 40 represent 53.2%. The Corporation also employs 4,124 international staff of 82 nationalities.
the age of 30
the age of 40
2026 – A pivotal year for the next growth cycle
2026 is expected to present continued challenges, possibly exceeding those experienced in 2025. However, it will serve as a pivotal year marking the beginning of FPT’s next cycle of development and growth. The Corporation targets revenue growth of 15.8% and profit before tax growth of 15.0%.
Revenue
Profit before tax
The Technology sector will remain the main growth pillar, targeting revenue growth of 18.4% and profit growth of 24.4%, while continuing to invest in strategic technologies such as Artificial Intelligence, Quantum AI, Cybersecurity, Unmanned Aerial Vehicles (UAV), Railway Technology, and Data. The IT services for foreign markets focus on three strategic pillars. The first is “AI-First,” with AI positioned as a core capability embedded across solution design, product development, and operational management to enhance productivity and create differentiated competitive advantages for the Corporation. The second pillar is “Top-tier engagement,” under which FPT will prioritize large-scale projects, strategic clients, and high-value contracts. The third pillar is “Synergy,” through which the Corporation will strengthen collaboration with leading global technology companies while enhancing internal coordination across the Corporation to deliver comprehensive, large-scale solutions. In the IT services for domestic market, FPT will continue expanding the Made-by-FPT product ecosystem and deepen its engagement in national digital transformation initiatives, working closely with government agencies, ministries, and local authorities.
In the Education segment, FPT will continue expanding its nationwide education system to provide outstanding and meaningful learning experiences. The Corporation will further integrate AI into training programs following the “learning – application – experimentation” model while strengthening the development of strategic technology talent in fields such as AI, semiconductors…
To achieve these targets, FPT will focus on four key action priorities.
First, the Corporation will drive a shift in mindset and strengthen its forecasting capabilities, enabling it to proactively identify emerging trends, determine the right strategic positioning, and sustain internal momentum.
Second, the Corporation will reinforce discipline in strategy execution, treating discipline as a fundamental principle of governance and closely linking performance outcomes with the operational systems and the responsibilities of each management level.
Third, FPT will further accelerate efforts to attract, nurture, and develop talent, recognizing people as its most valuable asset and a source of sustainable competitive advantage.
Fourth, the Corporation will advance data-driven governance and management across all levels, from the Corporation to its subsidiaries. This approach will enable the Corporation to promptly remove operational bottlenecks and make swift, well-informed decisions in response to increasingly uncertain market challenges.
Above all, FPT remains committed to strengthening trust in our people, in our work, in our major clients, and in the Government and the Nation. The Corporation will continue to pursue a strategy of sustainable growth, placing the long-term interests of shareholders at its core. With the solid foundation built over many years, we believe FPT will continue to sustain stable growth, enhance its competitiveness, and contribute meaningfully to the development of Vietnam’s digital economy.
Chief Executive Officer
