AsemconnectVietnam - TMT Automobile Joint Stock Company (TMT - HOSE) recorded a profit of VND5.94 billion in the fourth quarter, bringing the cumulative profit for 2025 to VND62.75 billion, achieving 23.2% of the fiscal year plan.

In the fourth quarter of 2025, TMT Automobile recorded revenue of VND486.48 billion, a decrease of 25.1% compared to the same period; after-tax profit reached VND5.94 billion compared to a loss of VND123.73 billion in the same period, an increase of VND129.67 billion.
During the period, gross profit was recorded at a positive VND37.11 billion compared to a negative VND42.04 billion in the same period, an increase of VND79.15 billion. Financial expenses decreased by 68.4%, equivalent to a reduction of VND31 billion, to VND14.33 billion; selling and administrative expenses increased slightly by 1.3%, equivalent to an increase of VND 0.48 billion, to VND36.06 billion; other income recorded VND17.44 billion compared to a loss of VND1.53 billion in the same period, an increase of VND18.97 billion.
Considering core business operations (gross profit – financial, selling and administrative expenses), in the fourth quarter, TMT Auto recorded a loss of VND13.28 billion compared to a loss of VND122.95 billion in the same period.
Therefore, the gross profit generated by TMT Auto in the fourth quarter was insufficient to cover financial, selling and administrative expenses; the company's profit came from a significant increase in other income.
For 2025, TMT Auto recorded revenue of VND2,106.46 billion, a decrease of 9.4% compared to the same period; and after-tax profit of VND62.75 billion, compared to a loss of VND325.36 billion in the same period, an increase of VND388.11 billion.
In 2025, TMT Auto plans revenue of VND3,838.7 billion, an increase of 65% compared to the same period, and after-tax profit of VND269.98 billion compared to a loss of VND325.36 billion in the same period. Specifically, electric vehicle sales are expected to increase by 310% to 3,404 vehicles (compared to 830 vehicles in 2024); light and medium trucks by 98% to 3,456 vehicles; and heavy trucks by 96% to 1,215 vehicles.
Thus, ending 2025 with after-tax profit of VND62.75 billion, TMT Auto only completed 23.2% of its 2025 plan.
Notably, as of December 31, 2025, TMT Auto still had accumulated losses of VND207.2 billion, equivalent to 55.6% of its charter capital (charter capital of VND372.9 billion).
In fact, despite returning to profitability, in 2025, TMT Auto's main operating cash flow recorded a negative VND178.8 billion compared to a positive VND850.9 billion in the same period. Furthermore, during the same period, investment cash flow was positive VND5.6 billion and financing cash flow was positive VND20 billion.
In terms of asset size, as of December 31, 2025, TMT Auto's total assets increased by 3.2% compared to the beginning of the year, equivalent to an increase of VND47.2 billion, reaching VND1,513 billion. Of this, the main assets recorded were VND530.7 billion in short-term receivables, accounting for 35.1% of total assets; VND449.6 billion in inventory, accounting for 29.7% of total assets; VND190.1 billion in fixed assets, accounting for 12.56% of total assets; and other items.
During the year, short-term receivables increased by 89.9% compared to the beginning of the year, equivalent to an increase of VND251.3 billion, reaching VND530.7 billion. Cash and short-term financial investments decreased by 56.8%, equivalent to a decrease of VND171.8 billion, to VND130.4 billion…
In addition, regarding capital sources, as of the end of 2025, the total short-term and long-term debt of TMT Automobile increased by 2.7% compared to the beginning of the year, equivalent to an increase of VND16.8 billion, reaching VND646.8 billion and equaling 369.2% of total equity. Of which, short-term debt is VND450.7 billion and long-term debt is VND196.1 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan