AsemconnectVietnam - In the first quarter of the 2025-2026 fiscal year, Thanh Thanh Cong - Bien Hoa Joint Stock Company (AgriS, code SBT - HOSE) recorded net revenue of VND5,372 billion, pre-tax profit of VND203 billion and after-tax profit of VND198 billion, closely following the set plan.

In terms of revenue structure in the first quarter, sugar products still contributed the most with VND4,861 billion, accounting for 90.5%, however, the revenue proportion has shifted positively to other business segments, reflecting AgriS's efforts to diversify revenue sources.
Specifically, revenue from molasses reached VND58 billion (up 13% over the same period and accounting for 1.1% of revenue); Revenue from fertilizer reached VND121 billion (up 12% over the same period and accounting for 2.2% of revenue); revenue from electricity contributed 0.2%, equivalent to VND12 billion.
Revenue from the remaining areas including agricultural services, other agricultural products such as coconut, banana, rice, and natural nutritional drink products had a strong growth of 34% over the same period, reaching more than VND319 billion, accounting for 5.9% of the revenue structure.
AgriS owns more than 200 product lines from sugarcane, coconut, rice, fruit trees, fertilizers and solar power, in which other agricultural products such as coconut, banana, rice and natural nutritional drink product lines recorded positive growth in the first quarter of the 2025-2026 fiscal year
In the first quarter of the 2025-2026 fiscal year, AgriS's after-tax profit margin improved, reaching 3.7%, up from 3.3% in the same period last fiscal year thanks to improved operational efficiency and tight cost control. Business management costs were well controlled, down 21% compared to the same period last fiscal year.
Notably, financial expenses decreased by 22%, down to VND417 billion, of which interest expenses decreased to VND338 billion, equivalent to a decrease of 13% over the same period, mainly thanks to the capital restructuring strategy and flexible use of financial instruments.
As of September 30, 2025, AgriS's total assets have also expanded, reaching more than VND34,188 billion, an increase of 4.6% compared to the beginning of the fiscal year. Key financial indicators recorded positive improvements, in which the current payment index reached 1.30 times compared to 1.29 times at the beginning of the fiscal year and the quick payment index reached 1.10 times compared to 1.06 times at the beginning of the fiscal year. This result shows that AgriS's financial foundation is increasingly solid, creating a foundation for the Company to maintain stable production, trade and investment activities for strategic projects in the coming period.
The fiscal year 2025-2026 marks the beginning of the 5-year strategic period (2025-2030) when AgriS clearly demonstrates its strategic orientation and determination to accelerate, aiming to become the leading smart, circular and sustainable agricultural group in the region. AgriS's development strategy for the 2025-2030 period has been shaped, revolving around three core pillars, creating a foundation for a new growth phase.
AgriS said that many key strategic cooperation programs are being accelerated in the second quarter of the 2025-2026 fiscal year. Specifically, the enterprise will launch a new international R&D center located in a developed market in the region, acting as a bridge to transfer advanced agricultural technology and develop integrated agricultural services.
At the same time, AgriS is also completing an acquisition and merger (M&A) with a large Australian agricultural technology company, with a focus on building a modern and sustainable circular agricultural model. Joint ventures and commercial cooperation deals with leading enterprises in Southeast Asia are also completing the final negotiation steps and will be announced soon.
Recently, SBT shares were selected into the VN50 Growth Index (Vietnam Growth 50 Index), an index reflecting the performance of high-growth stocks in the Vietnamese market, launched by HOSE and officially operated from November 3, 2025. In the first 4 months of the new fiscal year, SBT shares continued to maintain the growth trend with an increase of nearly 30% compared to the beginning of the fiscal year, closing at VND25,400/share (October 30, 2025), bringing the market capitalization to over VND21,000 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan