AsemconnectVietnam - Phat Dat Real Estate Development Joint Stock Company (stock code: PDR) has just announced its forecasted business results for the third quarter of 2025.

Accordingly, in the third quarter of 2025, Phat Dat had real estate transfer revenue of more than VND404 billion, nearly equivalent to the level of the first 6 months of the year. Thanks to that, the cumulative revenue in the first 9 months of 2025 reached about VND851 billion, a steady growth compared to the same period last year.
The main driving force comes from the Bac Ha Thanh project (Quy Nhon Iconic - Gia Lai), with accumulated revenue of more than VND710 billion, accounting for about 83% of total real estate transfer revenue. In addition, the transfer of the Ky Dong project (HCMC) also recorded revenue in the third quarter with VND125.9 billion.
In addition to revenue from product sales and real estate project transfers, Phat Dat also recorded service revenue in the third quarter of about VND101 billion, more than 5 times higher than the first half of the year, mainly thanks to the consulting contract for the development of the La Pura project. This development reflects Phat Dat's orientation in diversifying and increasing stable revenue sources in addition to project development and land fund
In addition, accumulated financial revenue in the first 9 months reached more than VND222 billion, mainly from the reversal of exchange rate differences, deposit interest and project company transfers. Since the beginning of the third quarter of 2025, Phat Dat has announced its divestment from Ngo May Real Estate Investment - the investor of the Q1 Tower project, which is expected to record a large profit from the sale of 80% of shares in the Thuan An 1 project.
In early September 2025, the enterprise established Thuan An 1 High-rise Real Estate Investment Company Limited, in which Phat Dat owns 99% of the capital, to prepare for the transfer.
In total, Phat Dat's total consolidated revenue in the first 9 months of 2025 is estimated at over VND1,190 billion. Pre-tax profit in the third quarter reached about VND117 billion, bringing the accumulated pre-tax profit in the first 9 months of the year to over VND282 billion.
In the fourth quarter of 2025, Phat Dat plans to launch a new phase of the Bac Ha Thanh - Quy Nhon Iconic project. This project is expected to contribute to revenue and profit from the fourth quarter of 2025 onwards.
N.Nga
Source: VITIC/Tinnhanhchungkhoan