AsemconnectVietnam - Vietnam Apatite Phosphorus Joint Stock Company (PAT - UPCoM) recorded a profit of VND59.32 billion in the third quarter, bringing the cumulative profit for the first nine months of 2026 to VND215.71 billion, a decrease of 20.8% compared to the same period last year and achieving 77% of the annual plan.

In the third quarter of 2026, Vietnam Apatite recorded revenue of VND440.03 billion, a decrease of 13.2% compared to the same period last year; after-tax profit reached VND59.32 billion, a decrease of 46.1% compared to the same period last year. The gross profit margin decreased from 25.7% to 14.5%.
During the period, gross profit decreased by 51.3% compared to the beginning of the year, equivalent to a decrease of VND66.87 billion, to VND63.6 billion; financial revenue decreased by 17.7%, equivalent to a decrease of VND2.45 billion, to VND11.37 billion; financial expenses decreased by 55.9%, equivalent to a decrease of VND1.86 billion, to VND1.47 billion; selling and administrative expenses decreased by 60.5%, equivalent to a decrease of VND14.92 billion, to VND 9.76 billion; and other activities showed insignificant fluctuations.
Cumulatively for the first nine months of 2026, Apatit Vietnam recorded revenue of VND1,379.3 billion, a decrease of 2.9% compared to the same period; after-tax profit reached VND215.71 billion, a decrease of 20.8% compared to the same period.
In 2026, Apatit Vietnam plans to achieve revenue of VND2,111 billion, expected after-tax profit of VND280 billion, and an expected dividend rate of 90%.
Thus, with after-tax profit reaching VND215.71 billion in the first nine months of 2026, Apatit Vietnam has completed 77% of its annual plan.
Regarding asset size, as of September 30, 2026, Apatit Vietnam's total assets decreased by 34.8% compared to the beginning of the year, equivalent to a decrease of VND502.1 billion, to VND942.2 billion. Of this, the main assets are VND559.3 billion in cash and short-term financial investments, accounting for 59.36% of total assets; and VND216.9 billion in fixed assets, accounting for 23.02% of total assets. Inventory amounted to VND120.2 billion, accounting for 12.76% of total assets and other items.
During the period, the decrease in assets was mainly due to a 34.3% decrease in cash and financial investments compared to the beginning of the year, equivalent to a decrease of VND292.25 billion, to VND559.32 billion; short-term receivables decreased by 92.7% compared to the beginning of the year, equivalent to a decrease of VND231.11 billion, to VND18.23 billion…
A noteworthy point is that in the first nine months of 2026, Apatit Vietnam experienced continuous changes in its senior management. Specifically, on May 12, 2026, Mr. Dao Huu Huyen was dismissed from his position as Chairman of the Board of Directors; on July 28, 2026, Mr. Luu Bach Dat was dismissed from his position; on July 28, 2026, Mr. Do Thanh Cong was appointed as the new Chairman of the Board of Directors; and several members of the Board of Directors and the Board of Management were replaced.
Source: VITIC/Bao Tai chinh – Dau tu