Digiworld Corporation (DGW) announced consolidated business results for Q2/2025, with net revenue reaching VND 5,731 billion, up 14% year-on-year. Net profit after tax reached VND 116 billion, marking a strong increase of 30% compared to Q2/2024.
Overcoming the traditionally low-demand season of the second quarter, Digiworld delivered impressive business results, reflecting the resilience of its product portfolio and the effectiveness of its strategy to expand into new product categories and strengthen partnerships with leading brands.
Laptops & Tablets: In Q2/2025, revenue from laptops and tablets reached VND 1,832 billion, up 17% year-on-year. Growth was primarily driven by the trend of both individual users and enterprises upgrading their devices to meet operational requirements for artificial intelligence (AI) applications and Windows 11. In addition, a diverse product portfolio featuring many leading brands helped Digiworld maintain customer appeal and reinforce its competitive position in the industry. After the first six months, this segment achieved 47% of its full-year plan.
Mobile Phones: The smartphone market in Q2/2025 continued to face challenges as consumer demand declined, particularly in key segments. This directly impacted Digiworld’s mobile phone segment, with revenue reaching VND 1,959 billion, down 12% year-on-year, achieving 39% of the annual plan.
Office Equipment: Following the growth momentum of Q1, office equipment revenue reached VND 1,368 billion, up sharply by 59% compared to the same period last year. This growth was driven by the implementation of large-scale projects and continued inflows of foreign direct investment (FDI) into Vietnam, boosting demand for office products. Within this segment, servers grew 56% year-on-year, while IoT devices recorded exceptional growth of 104%. By the end of Q2/2025, the segment had achieved 48% of its full-year plan.
Home Appliances: Home appliances remained a standout contributor, posting an impressive 74% year-on-year increase to VND 346 billion. This was the result of expanding collaborations with reputable brands such as Philips, Funiki (Hoa Phat), and Cuckoo, as well as enhancing nationwide distribution coverage. By mid-year, the home appliances segment had already achieved 56% of its annual plan.
Consumer Goods: Revenue from consumer goods reached VND 226 billion in Q2/2025, up 40% year-on-year. Growth was fueled by the expansion of the beverage distribution network, along with solid performance from healthcare products. By the end of the first half of 2025, this segment had achieved 42% of the full-year plan.
Q2/2025 Business Performance (Unit: Billion VND)
Category | 2Q23 | 2Q24 | 2Q25 | YoY | 6M23 | 6M24 | 6M25 | YoY | Plan 2025 | %plan |
---|---|---|---|---|---|---|---|---|---|---|
Laptops & Tablets | 1,342 | 1,568 | 1,832 | 17% | 2,436 | 2,707 | 3,223 | 19% | 6,850 | 47% |
Mobile phones | 2,190 | 2,221 | 1,959 | -12% | 4,089 | 4,663 | 4,194 | -10% | 10,730 | 39% |
Office Equipment | 728 | 858 | 1,368 | 59% | 1,410 | 1,868 | 2,641 | 41% | 5,480 | 48% |
Home Appliances | 166 | 199 | 346 | 74% | 331 | 409 | 747 | 83% | 1,340 | 56% |
Consumer goods | 170 | 162 | 226 | 40% | 290 | 346 | 446 | 29% | 1,050 | 42% |
Net revenue | 4,596 | 5,008 | 5,731 | 14% | 8,556 | 9,993 | 11,251 | 13% | 25,450 | 44% |
Net profit | 83 | 89 | 116 | 30% | 162 | 182 | 222 | 22% | 523 | 42% |
During the first six months of 2025, Digiworld maintained a solid growth trajectory despite a volatile market environment. Revenue reached VND 11,251 billion, up 13% year-on-year, while net profit after tax rose 22% to VND 222 billion. This was driven by a strategy of diversifying the product portfolio, expanding partnerships with reputable brands, and swiftly capturing new technology trends - enabling not only revenue growth but also significant improvement in profit margins. This provides a strong foundation for Digiworld to enter the second half of the year ready to accelerate.
This period also marked several strategic milestones, with Digiworld becoming a distributor and expanding product portfolios from brands such as AOC, Suunto, Gigabyte, Eaton Electric, Asus, Hoa Phat, and Cuckoo. The company was also honored in prestigious rankings such as the Fortune Top 500 Largest Companies in Southeast Asia and the Forbes Vietnam Top 50 Listed Companies. These achievements reaffirm Digiworld’s enduring “Market Builder” capability and its pioneering position in Vietnam’s technology distribution industry.
The second half of 2025 is expected to be a breakthrough period for Digiworld, supported by seasonal advantages and well-prepared business plans. Quarter 3 will present opportunities from the back-to-school season, when demand for laptops, tablets, and office equipment surges, complemented by strong promotional programs across retail and dealer networks, driving early orders. Moving into Quarter 4 - the busiest shopping season of the year - growth is expected to accelerate further, especially in smartphones, home appliances, and consumer goods. With a solid growth foundation and a flexible business strategy, Digiworld is confident in closing 2025 with remarkable achievements.