AsemconnectVietnam - IDICO Corporation - JSC (IDC) recorded a profit of VND540.37 billion in the third quarter, bringing the cumulative profit for the first nine months of 2026 to VND1,541.62 billion, a decrease of 15% compared to the same period last year and only completing 66.4% of the 2026 plan.

In Q3/2026, IDICO recorded revenue of VND2,075.6 billion, a decrease of 27.7% compared to the same period last year; after-tax profit reached VND540.37 billion, a decrease of 44.9% compared to the same period last year. The gross profit margin decreased sharply from 43.8% to 32.4%.
During the period, gross profit decreased by 46.6% year-on-year, equivalent to a decrease of VND585.3 billion, to VND671.8 billion; financial revenue increased by 81.9%, equivalent to an increase of VND69.43 billion, to VND154.23 billion; financial expenses increased by 54.8%, equivalent to an increase of VND18.71 billion, to VND52.84 billion; selling and administrative expenses increased by 8.7%, equivalent to an increase of VND8.47 billion, to VND105.7 billion; and other activities showed insignificant fluctuations.
Cumulatively for the first nine months of 2026, IDICO recorded revenue of VND5,831.6 billion, a decrease of 9.3% year-on-year; after-tax profit reached VND1,541.62 billion, a decrease of 15% year-on-year.
In 2026, IDICO plans for total revenue of VND9,474 billion and projected pre-tax profit of VND2,903 billion.
Thus, after the first nine months of 2026, with pre-tax profit reaching VND1,927.1 billion, IDICO has only completed 66.4% of its annual plan.
Regarding asset size, as of September 30, 2026, IDICO's total assets increased slightly by 1.9% compared to the beginning of the year, equivalent to an increase of VND430.2 billion, reaching VND23,631.7 billion. Of this, the main assets recorded are VND8,160.7 billion in inventory, accounting for 34.53% of total assets; VND7,044.3 billion in cash and short-term financial investments, accounting for 29.8% of total assets; and VND2,785.7 billion in fixed assets, accounting for 11.79% of total assets. VND2,623.3 billion in investment properties, accounting for 11.1% of total assets…
In addition, regarding capital sources, as of the end of the third quarter, IDICO's total short-term and long-term debt decreased by 6.5% compared to the beginning of the year, equivalent to a decrease of VND380 billion, to VND5,497.1 billion, which is 58.7% of total equity. Of which, short-term debt was VND2,282.4 billion and long-term debt was recorded at VND3,214.7 billion.
Source: VITIC/Bao Tai chinh – Dau tu