AsemconnectVietnam - Vinh Hoan Joint Stock Company (VHC - HOSE) recorded a profit of VND244.96 billion in the fourth quarter, bringing the cumulative profit for 2025 to VND1,451.08 billion, an increase of 11.4% compared to 2024.

In the fourth quarter of 2025, Vinh Hoan recorded revenue of VND2,714.95 billion, down 14.7% compared to the same period last year; net profit after tax reached VND244.96 billion, down 43.4% compared to the same period last year. The gross profit margin decreased from 18.3% to 15.8% compared to the same period last year.
During the quarter, gross profit decreased by 26.3% year-on-year, equivalent to a decrease of VND152.65 billion, to VND428.86 billion; financial revenue decreased by 67.7%, equivalent to a decrease of VND97.01 billion, to VND46.23 billion; financial expenses decreased by 47.4%, equivalent to a decrease of VND21.35 billion, to VND23.69 billion; selling and administrative expenses decreased by 29%, equivalent to a decrease of VND63.2 billion, to VND154.45 billion; and other activities showed insignificant fluctuations.
Vinh Hoan stated that the reason for the sharp decline in Q4 profits was due to increased raw material prices and decreased sales volume.
Cumulatively for 2025, Vinh Hoan recorded revenue of VND12,026.24 billion, a decrease of 3.9% year-on-year. Net profit after tax reached VND1,451.08 billion, an increase of 11.4% compared to the same period last year.
At the 2025 Annual General Meeting, Vinh Hoan approved a revenue plan ranging from VND10,900 to VND12,350 billion and net profit after tax of approximately VND1,000 to VND1,300 billion. Thus, by the end of 2025, the company had completed 111.6% of its planned profit of VND1,300 billion.
Regarding asset size, as of December 31, 2025, Vinh Hoan's total assets increased by 9.7% compared to the beginning of the year, equivalent to an increase of VND1,187.4 billion, reaching VND13,421.6 billion. Of this, assets recorded included VND4,365.8 billion in cash and short-term financial investments, accounting for 32.5% of total assets; Fixed assets amounted to VND3,310.4 billion, accounting for 24.66% of total assets; inventory totaled VND2,771.1 billion, accounting for 20.65% of total assets; short-term receivables totaled VND2,030 billion, accounting for 15.1% of total assets; and other items.
Regarding the securities investment portfolio, at the beginning of 2025, Vinh Hoan had invested VND161.59 billion in the stock market, but by the end of 2025, this had decreased to only VND24.47 billion. Of this, the company is currently investing VND20.99 billion in DXS shares, with a provision of over VND6.1 billion; and investing VND3.49 billion in NLG shares, with a provision of VND0.88 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan