AsemconnectVietnam - Saigon Telecommunications Technology Joint Stock Company (Saigontel, ticker SGT - HOSE) recorded a profit of VND6.9 billion in the third quarter, bringing the cumulative profit for the first nine months of 2026 to VND39.97 billion, a decrease of 88.8% compared to the same period last year and only completing 18.3% of the annual plan.

In the third quarter of 2026, Saigontel recorded revenue of VND310.74 billion, an increase of 30.9% compared to the same period last year; after-tax profit reached VND6.9 billion, an increase of 145.6% compared to the same period last year. The gross profit margin increased slightly from 37.7% to 37.9%.
During the period, Saigontel's gross profit increased by 31.5% year-on-year, equivalent to an increase of VND28.24 billion, reaching VND117.76 billion; financial revenue decreased by 13.1%, equivalent to a decrease of VND0.86 billion, to VND5.69 billion; financial expenses increased by 15.9%, equivalent to an increase of VND7.46 billion, to VND54.34 billion; selling and administrative expenses increased by 17.1%, equivalent to an increase of VND5.63 billion, to VND38.46 billion; and other activities showed insignificant fluctuations.
Cumulatively for the first nine months of 2026, Saigontel recorded revenue of VND700.17 billion, a decrease of 45.5% year-on-year; after-tax profit reached VND39.97 billion, a decrease of 88.8% year-on-year.
In 2026, Saigontel plans to achieve revenue of VND2,000 billion, a 7.8% increase compared to the same period; pre-tax profit is expected to be VND500 billion, equivalent to 2025; and total projected fundraising is VND2,000 – VND3,000 billion, including capital raised from strategic partners, bank loans, and financial institutions.
Thus, ending the first nine months of 2026 with pre-tax profit reaching VND91.28 billion, Saigontel has only completed 18.3% of its annual plan.
Besides declining business performance, in the first nine months of 2026, Saigontel also recorded a negative cash flow from its main operating activities of VND289.2 billion, compared to a positive VND69.1 billion in the same period. Furthermore, during the same period, investment cash flow was positive at VND59.46 billion and financing cash flow was positive at VND101.7 billion, mainly due to increased borrowing to offset negative operating cash flow.
Regarding asset size, as of September 30, 2026, Saigontel's total assets increased by 6.7% compared to the beginning of the year, equivalent to an increase of VND514.4 billion, reaching VND8,162.6 billion. Of this, the main assets were VND4,240.1 billion in inventory, accounting for 51.95% of total assets; VND1,345.8 billion in long-term financial investments, accounting for 16.49% of total assets; and VND1,205.3 billion in short-term receivables, accounting for 14.8% of total assets…
During the period, inventory increased by 13.8% compared to the beginning of the year, equivalent to an increase of VND513.5 billion, reaching VND4,240.1 billion. Saigontel explained that its inventory mainly consists of VND2,373.9 billion at the Nam Tan Tap Industrial Park project; VND486.8 billion at the Tan Phu 1 Industrial Cluster project; VND466.5 billion at the Tan Phu 2 Industrial Cluster project; and VND353.9 billion at the Dai Dong Hoan Son 2 Industrial Park project…
In addition, regarding capital sources, as of the end of the third quarter, Saigontel's total short-term and long-term debt increased by 2.8% compared to the beginning of the year, equivalent to an increase of VND 103.16 billion, reaching VND3,829.94 billion and equaling 155.8% of total equity. Of which, short-term debt is VND1,759.9 billion and long-term debt is VND2,070.04 billion.
Source: VITIC/Bao Tai chinh – Dau tu