In the first six months of 2025, DXG recorded net revenue of VND 1,971 billion (-10% YoY), fulfilling about 28% of its annual target. The decline was mainly driven by its core business segment – real estate transfers – which heavily depends on the handover of the Gem Sky World project. On the other hand, the brokerage services segment witnessed a strong recovery thanks to the rebound in the real estate market. Through its subsidiary DXS (of which DXG owns nearly 56%), brokerage revenue reached VND 751 billion in 1H/2025 (+58% YoY). The gross profit margin remained at a high level (65%), reflecting stable operational efficiency. This segment is currently the key growth driver, partially offsetting the weakness in the real estate business.

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During 2025–2026, DXG’s sales growth momentum will mainly come from Gem Sky World (Dong Nai) and Gem Riverside (Ho Chi Minh City). These are two large-scale CRE projects with fully completed legal procedures, expected to make significant contributions to handover revenue as well as new sales.

In services, real estate brokerage (via DXS) will remain a key growth pillar in 2025 as the primary market regains momentum. The improvement in sales will drive higher demand for brokerage services, thereby supporting the company’s overall profit margin