AsemconnectVietnam - Siba High-Tech Mechanical Group Joint Stock Company (Siba Group, code SBG - HOSE) recorded a profit of VND4.33 billion in the third quarter, accumulated profit in the first 9 months of 2025 was VND19.91 billion, down 31.4% over the same period and only completed 40.6% of the yearly plan.

In the third quarter of 2025, Siba Group recorded revenue of VND231.21 billion, down 52.2% over the same period, profit after tax reached VND4.33 billion, down 75.3% over the same period last year.
During the period, despite a sharp decrease in revenue, thanks to an improvement in gross profit margin, Siba Group still recorded a gross profit decrease of only 6.6% compared to the same period, equivalent to a decrease of VND1.69 billion, to VND23.85 billion.
In addition, also during the period, financial revenue increased by 63.3%, equivalent to an increase of VND0.19 billion, to VND0.49 billion; financial expenses decreased by 19.1%, equivalent to a decrease of VND1.12 billion, to VND4.75 billion; sales and business management expenses increased by 41.4%, equivalent to an increase of VND4.07 billion, to VND13.91 billion; other profits decreased by 95.5%, equivalent to a decrease of VND10.5 billion, to VND0.49 billion and other activities fluctuated insignificantly.
Thus, in addition to the decline in gross profit, during the period, Siba Group also faced pressure from increased sales and business management costs and especially a loss in other profits, so net profit decreased by 75.3%.
In the first 9 months of 2025, Siba Group recorded revenue of VND1,324.87 billion, down 43.9% over the same period, and after-tax profit of VND19.91 billion, down 31.4% over the same period last year.
In 2025, Siba Group plans to do business with revenue of VND3,010 billion, down 4.36% over the same period, with expected after-tax profit of VND49 billion, up 16.28% compared to the actual in 2024.
Thus, ending the first 9 months of 2025 with after-tax profit reaching VND19.91 billion, Siba Group has only completed 40.6% of the profit plan of VND49 billion in 2025.
In terms of asset size, as of September 30, 2025, Siba Group's total assets increased by 34% compared to the beginning of the year, equivalent to an increase of VND347.5 billion, to VND1,369.9 billion. Of which, the main assets are VND386.9 billion of short-term receivables, accounting for 28.2% of total assets; VND303.4 billion in long-term unfinished assets, accounting for 22.1% of total assets; VND223.5 billion in fixed assets, accounting for 16.3% of total assets; VND185.1 billion in inventories, accounting for 13.5% of total assets and other items.
In addition, in terms of capital sources, as of the end of the third quarter, total short-term and long-term debt is increasing by 129.5% compared to the beginning of the year, corresponding to an increase of VND211.7 billion, to VND375.2 billion, equal to 62.6% of total equity (at the beginning of the year, outstanding loans were VND163.5 billion, equal to 28.4% of total equity). Of which, short-term debt is VND173.8 billion and long-term debt is VND201.4 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan