Habeco (BHN): Profit in Q3/2025 reaches 5-year high
Thursday, November 6,2025
AsemconnectVietnam - Hanoi Beer, Alcohol and Beverage Corporation (Habeco - stock code: BHN) has just announced its financial report for Q3/2025 with strong growth in revenue and profit, reflecting the effectiveness of synchronous business solutions and strict financial management proposed and implemented throughout the year.
According to the Consolidated Financial Report recently announced by Hanoi Beer, Alcohol and Beverage Corporation (Habeco), in Q3/2025, revenue from sales and service provision of the whole Corporation reached VND2,544.2 billion, an increase of 8.35% over the same period in 2024. This result has also raised Habeco's revenue growth streak to the 7th consecutive quarter.
Habeco's gross profit margin in the third quarter of 2025 continued to maintain its highest level in many years, reaching 29.5%, significantly higher than the 27.5% of the same period in 2024. As a result, gross profit in the quarter reached VND738.9 billion, up 14.9% over the same period in 2024, far exceeding the revenue growth rate. This shows that Habeco has achieved high efficiency in managing production costs. Along with effective management of sales and administrative costs, helping to reduce both absolute value and cost-to-revenue ratio, Habeco's consolidated pre-tax profit in the third quarter of 2025 reached VND294.2 billion, up 71.4% over the same period last year. Profit after tax reached VND238.4 billion, up 72.2%. This is also the highest quarterly profit of the Corporation since 2021.
In the context of the challenging business environment of the Beer - Alcohol industry in Vietnam in the first 9 months of the year, despite high GDP growth, the average consumer price index (CPI) also recorded a significant increase, reflecting the general increase in prices of goods and services. At the same time, fluctuations in tariff policies in some key export markets affected the employment situation in many fields, causing consumers to increase their level of caution in spending, especially with non-essential consumer products such as beer and alcohol. Policies to increase fines and control alcohol levels for traffic participants, along with mandatory electronic invoices for business households, also affect sales volume in traditional channels and increase competition in the market, ...
This difficult context is clearly reflected in the business results of many enterprises in the beer and alcohol industry, some units recorded double-digit revenue declines. For example, Saigon Beer - Alcohol - Beverage Corporation (Sabeco) reported a 16.1% decrease in revenue in the third quarter of 2025 compared to the same period in 2024, and a 17% decrease in cumulative revenue in the first 9 months of 2025. In the context of the general difficulties of the industry, the fact that Habeco still recorded positive business results reflects the effectiveness of the synchronous solutions deployed by the Corporation since the beginning of the year, including increasing investment in sales support and trade promotion activities, promoting communication, marketing and brand development, as well as flexibly combining traditional and modern distribution channels to both protect market share in existing markets and penetrate and develop new markets. In addition, the Corporation also closely monitors the development of the raw material market, is proactive in purchasing and managing inventory, contributing to improving production profit margins. In the first 9 months of the year, Habeco's consolidated revenue reached VND6,406.2 billion, up 6.8% over the same period in 2024. Profit growth exceeded revenue with pre-tax profit reaching VND518.9 billion and after-tax profit reaching VND418.2 billion, up 36.7% and 44.5% respectively over the same period in 2024. Gross profit margin reached 28.3%, up more than 2% over the same period in 2024.
In parallel with growth in production and business results, the Corporation's financial management and cash flow also recorded positive results. After the first 9 months of 2025, cash flow from business activities reached a surplus of VND562.6 billion. Thanks to that, after reducing VND70.5 billion of debt after 9 months, the debt as of September 30, 2025 was only over VND1 billion. At the same time, the Corporation paid VND265 billion in dividends to shareholders in the third quarter of 2025, the total amount of cash, cash equivalents and bank deposits of all terms as of September 30, 2025 still increased by VND517 billion compared to the beginning of the year, reaching VND4,851 billion. With a strong financial foundation, Habeco not only ensures adequate capital for business and investment activities, but also effectively exploits surplus capital, creating financial profits contributing to overall profit growth. In the third quarter of 2025, financial revenue reached VND54.4 billion, an increase of 22.5% over the same period in 2024. Accumulated for 9 months, financial revenue reached VND151.6 billion, an increase of 24.2%.
With the positive results achieved after the first 9 months of the year, reflecting the effectiveness of synchronous business solutions, Habeco has not only overcome difficulties but is also turning challenges into opportunities and driving forces for development. Entering the 4th quarter of 2025 - the peak business quarter of the year, the Corporation is expected to soon complete and exceed the annual business targets assigned by the General Meeting of Shareholders.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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