According to the newly released report, GELEX Electric’s consolidated net revenue in Q3/2025 reached over VND 6,444 billion, a 14.7% increase compared to the same period in 2024. Semi-finished product sales accounted for 97% of this figure, totaling VND 6,246 billion, nearly a 15% rise year-over-year.
Consolidated pre-tax profit for Q3/2025 hit VND 2,202 billion, surging 317% compared to the same quarter last year. This remarkable growth is attributed to the expansion of core business segments, enhanced cost management in production, and restructuring of investment portfolios, all contributing to an improved gross profit margin.
For the first nine months, GELEX Electric recorded VND 18,235 billion in revenue, a 25% increase year-over-year. Pre-tax profit reached VND 3,532 billion, up 162%. Core business segments generated VND 2,059 billion in pre-tax profit during this period, a 93% increase compared to the same period last year (VND 1,067 billion).
As of Q3/2025, the company has achieved 76.6% of its annual revenue target and exceeded its pre-tax profit goal by 101%.
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GELEX Electric owns nine subsidiaries, manufacturing and supplying a comprehensive range of electrical products across the value chain, from transmission to distribution and consumer goods.
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The company’s impressive performance is driven by strong contributions from its subsidiaries, including CADIVI (cables), THIBIDI (transformers), and EMIC (electrical measuring instruments). Their focus on core business areas, adaptive sales strategies, and commitment to R&D have been key growth drivers. Additionally, cost optimization through technology integration in management, operations, and production has further enhanced efficiency.
As of September 30th, GELEX Electric’s total assets reached VND 15,141 billion, a 17% increase since the beginning of 2025, primarily due to a 49% rise in current assets. Cash and cash equivalents stood at VND 835 billion, up 21%.
Financial ratios, including debt-to-equity, remain stable and within safe limits, reflecting the company’s robust business performance and management practices. This has bolstered investor confidence in GELEX Electric.
Capitalizing on industry potential and favorable macroeconomic conditions, GELEX Electric is guiding its subsidiaries to focus on producing high-tech, environmentally friendly electrical equipment for smart grids. The company is also exploring partnerships to develop innovative products such as fire-resistant cables, fire prevention solutions, security systems, and monitoring equipment.
Services
– 12:00 08/10/2025
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