AsemconnectVietnam - Sao Ta Food JSC (code FMC - HOSE) has just announced its consolidated financial statements for the third quarter with accumulated post-tax profit for the first 9 months of 2025 reaching VND251.2 billion, up 6.7% over the same period despite having to pay nearly VND193 billion in counterpart tax.

In the third quarter of 2025, Sao Ta recorded net revenue of nearly VND2,983 billion, up 5% over the same period last year. Thanks to a slight increase in cost of goods sold, gross profit increased by 36% to VND418 billion.
This period, FMC's financial revenue reached VND43 billion, nearly 5 times higher than the same period, while financial expenses decreased by more than half to VND15 billion thanks to reduced interest and exchange rate losses. In addition, FMC's selling expenses and administrative expenses increased by 105% and 8%, respectively, to VND316 billion and VND23 billion.
As a result, the Company's profit after tax was VND112 billion, an increase of more than 18% compared to the same period in 2024. The Company said that the profit increased due to a 5.02% increase in sales and the settlement of self-raised shrimp in the second crop of 2025, which reduced the cost of goods sold.
In the first 9 months of 2025, Sao Ta's net revenue reached VND6,850 billion, an increase of more than 23% compared to the same period last year, driven by revenue from seafood sales reaching VND6,754.5 billion, an increase of 24% and accounting for nearly 97% of total revenue.
Financial revenue also reached VND121.6 billion, 2.3 times higher due to the increase in bank deposit interest and exchange rate difference interest. Notably, in the past 9 months, the Company incurred nearly VND 193 billion in additional tax that did not occur in the same period, reflecting the first impacts of the US tax policy. In addition, the Company also incurred nearly VND98 billion in anti-dumping tax and VND60 billion in anti-subsidy tax costs.
As a result, Sao Ta still had a profit after tax of VND251.2 billion in the first 9 months of 2025, an increase of 6.7% over the same period.
As of September 30, 2025, the total assets of the enterprise reached VND4,840 billion, an increase of 28% compared to the beginning of the year. Of which, the Company had VND1,771 billion in cash, deposits and cash equivalents. In addition, the Company also had VND 1,249 billion in short-term receivables, 3.4 times higher than at the beginning of the year; while inventories decreased by 35% to VND 653 billion.
On the other hand, Sao Ta still has more than VND2,361 billion in debt, an increase of 80% compared to the beginning of the year, mainly due to a 95% increase in short-term loans, up to VND1,758 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan