AsemconnectVietnam - Despite a more than 50% decrease in Q4 2025 profits compared to the same period last year, the Group still achieved a net profit of VND6,353 billion for the entire year, a 32% increase compared to 2024.

In Q4 2025, Vietnam Rubber Group recorded net revenue of VND8,505 billion, a 9% decrease compared to the same period last year. Cost of goods sold was VND6,023 billion, a 3% decrease, resulting in a gross profit of VND2,482 billion, a 19% decrease. The gross profit margin for the period was 29%, lower than the 33% of Q4 2024.
Financial income in the quarter reached VND336 billion, an 11% decrease compared to the same period. Meanwhile, the Group's financial expenses decreased by 21%, to VND81 billion; selling expenses and administrative expenses were VND154 billion and VND1,228 billion respectively, a decrease of 17% and an increase of 47% compared to Q4/2024.
Furthermore, the Group recorded a negative other income of VND6 billion, compared to VND275 billion in the same period. As a result, GVR's after-tax profit reached VND1,136 billion, a decrease of more than half compared to the profit in the same period of 2024.
Explaining these results, the company stated that the decrease in consolidated after-tax profit in Q4/2025 was mainly due to lower rubber latex sales volume and income from the liquidation of rubber wood at member units compared to the same period last year. This development led to a decline in profits from rubber production and business activities.
For the full year 2025, thanks to the positive results of the first half of the year, GVR achieved net revenue of VND28,939 billion, a 10% increase compared to 2024; pre-tax profit of VND7,627 billion, a 36% increase compared to the previous year; and after- tax profit of VND6,353 billion, a 32% increase.
At the 2025 Annual General Meeting, GVR approved a consolidated total revenue target of VND31,044 billion, an 8% increase compared to last year's performance, and a consolidated pre-tax profit target of VND5,840 billion, an increase of over 4%. Thus, with the results achieved, the Group has exceeded its profit target by nearly 31%.
As of the end of 2025, GVR's total assets reached VND86,514 billion, an increase of nearly 4% compared to the beginning of the year. Specifically, GVR's assets are concentrated in fixed assets of VND35,440 billion, a slight increase compared to the beginning of the year and accounting for 41% of total assets; cash and bank deposits were recorded at VND22,449 billion, a decrease of nearly 14% and accounting for 26% of total assets.
In addition, inventory reached over VND6,671 billion, an increase of 53%; short-term receivables increased slightly to VND2,588 billion.
On the other side of the balance sheet, liabilities at the end of the year reached over VND23,912 billion, a decrease of more than 4% compared to the beginning of the year; of which short-term liabilities accounted for nearly VND11,352 billion. Short-term and long-term financial borrowings of the company were VND1,391 billion and VND1,586.4 billion respectively.
N.Nga
Source: VITIC/Tinnhanhchungkhoan