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Ho Chi Minh City Stock Exchange (HoSE) has requested CTCP Y Dược phẩm Vimedimex (MCK: VMD) to provide explanations for its 2025 audited financial statements, both standalone and consolidated. The request covers any changes of 10% or more compared with the prior year and any auditor’s opinions.
On 13 April 2026, HoSE received the company’s audited standalone and consolidated 2025 financial statements. However, as of 15 April 2026, Y Dược phẩm Vimedimex had not yet published explanations for the year-on-year profit-after-tax changes of 10% or more (standalone and consolidated), nor explanations related to any auditor’s qualified opinion.
For 2025, the company reported standalone net profit after tax of over VND 34.7 billion, up 59.9% year on year. Consolidated net profit after tax was over VND 42.4 billion, up 79.7% year on year.
The auditor highlighted concerns related to the Board’s measures to freeze deposits totaling VND 198.9 billion at VietinBank – Quang Trung Branch. These deposits are connected to revenue-sharing with investors for the Citilight building at 45 Vo Thi Sau.
The auditor said that because the shareholding ratio of related investors had not been determined, the Board was seeking guidance from the Ministry of Health to determine the actual contributed capital based on the subsidiary’s records, bank statements, and the 2006 convertible bond prospectus. As a result, the auditor stated that the impact on the consolidated financial statements for the year ended 31 December 2025 could not be determined.
Regarding long-term receivables, the company recorded receivables related to a comprehensive review of capital and assets, including former company executives and subsidiaries, with other losses of about VND 1,578 billion. At the time the auditor issued the 2025 audited consolidated report, the auditor had not assessed the collectibility of these items or their impact on the corresponding indicators.
After a board-wide review of capital, assets and results, the Board resolved to adjust the discrepancy in receivables, payables and other assets into other long-term payables of around VND 1,362 billion, including VND 193 billion attributable to CTCP Tập đoàn Dược phẩm Vimedimex to be recovered for Y Dimedimex. The auditor noted that, at the time of issuing the report, it had not assessed the final handling of these items.
HoSE’s reminder requires the company to disclose explanations for the 2025 profit-after-tax changes of 10% or more (standalone and consolidated) and for any auditor’s opinions, including the issues described in the audited reports.
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