Sunshine Group Joint Stock Company (Stock Code: KSF) has released its Q3/2025 Consolidated Financial Report, showcasing robust growth across its entire system.
As of September 30, 2025, Sunshine Group’s consolidated total assets reached VND 78,780 billion, a significant increase compared to the end of 2024, positioning the Group as one of the largest real estate enterprises in terms of asset scale in the current market.
According to the report, the Group’s consolidated total assets increased by over VND 58,000 billion in just 9 months, reaching VND 78,780 billion.
Shareholders’ equity also surged to VND 13,817 billion, reflecting the Group’s expanding financial capacity and high capital safety ratio.
Simultaneously, cumulative 9-month net revenue reached VND 4,882 billion, with stable growth compared to the same period last year. Pre-tax profit reached VND 2,042 billion, while post-tax profit hit VND 1,591 billion, marking the highest level in the Group’s operational history.
These outstanding results follow Sunshine Group’s comprehensive strategic restructuring in 2024, focusing on streamlining governance, cost control, and accelerating cash flow-generating projects.
Notable financial performance with industry-leading profit margins
A key highlight of the Q3 financial report is the exceptional financial performance. The cost-to-net revenue ratio significantly decreased from 88% to 68%, driving the gross profit margin up to nearly 60% – among the highest in Vietnam’s real estate sector.
Key profitability metrics continued their positive trend:
ROS increased to 29.4% (from 24.4% in 2024), ROE reached 18.81%, and ROA stood at 3.58% for the 9-month cumulative period, positioning Sunshine Group among the market’s most financially efficient and capital-utilizing enterprises.
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