AsemconnectVietnam - Minh Phu Seafood JSC (code MPC) has just announced its Q2/2025 financial statement with after-tax profit reaching VND164.9 billion, 4.3 times higher than the same period last year and the quarter with the highest profit since Q1/2023 of the Company.

In the second quarter, Minh Phu Seafood's net revenue reached VND3,620 billion, down 3% compared to the same period last year. However, thanks to a 4.6% decrease in cost of goods sold, the company's gross profit increased by 10% to VND431.9 billion.
In this period, MPC's financial revenue increased by 13.2% to VND36.7 billion, while financial expenses also increased by 9.2% to VND76.7 billion. On the contrary, selling expenses were reduced by more than 18%, to VND153.7 billion. In addition, Minh Phu also had a profit of VND5.6 billion from joint ventures/associates, while in the same period it was a loss of VND26 billion.
In general, MPC's after-tax profit in the second quarter of 2025 reached VND164.9 billion, 4.3 times higher than VND38.4 billion in the same period last year. This is also the quarter with the highest profit since the first quarter of 2023 of the Company.
MPC said that the above results came from the Company's promotion of production and sale of value-added products, helping to increase the gross profit ratio on revenue, leading to an increase in after-tax profit.
Closing the first half of 2025, MPC's net revenue reached VND6,468 billion, although slightly down compared to the same period, but after-tax profit was 4 times higher, up to VND182.6 billion.
In 2025, Minh Phu set a target of after-tax profit of VND997 billion. With the achieved results, the enterprise has completed 18% of the target.
By the end of the second quarter of 2025, Minh Phu's total assets reached VND9,386 billion, down 1.5% compared to the beginning of the year. Of which, the Company had VND239.6 billion in cash and cash equivalents, down nearly 54%; VND1,167 billion in customer receivables, down 17% and inventories at VND4,244 billion, up 6.7%.
On the other hand, the total debt payable to the enterprise was VND4,238 billion, down 8.3% compared to the beginning of the year. Short-term and long-term financial loans were VND3,236.5 billion and VND109 billion, respectively.
N.Nga
Source: VITIC/Tinnhanhchungkhoan