Specifically, in Q3, SAF recorded net revenue of over 179 billion VND, a 9% decrease compared to the same period last year. However, thanks to an 11% reduction in cost of goods sold, the company’s gross profit remained stable at approximately 38 billion VND.
Selling expenses and administrative expenses rose by 3% and 2% respectively, reaching over 19 billion VND and nearly 5 billion VND. Nonetheless, financial revenue increased by 21% to 2 billion VND, partially offsetting the additional expenses.
As a result, SAF achieved an after-tax profit of 13 billion VND, a slight increase year-over-year. For the first nine months of the year, the company’s after-tax profit reached nearly 38 billion VND, up 3%.
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Business results for the first 9 months of 2025 of SAF. Unit: Billion VND
Source: VietstockFinance
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Compared to the pre-tax profit target of 61 billion VND, SAF’s nine-month pre-tax profit represents a fulfillment rate of over 77%.
On the balance sheet, SAF’s total assets as of September 30, 2025, stood at approximately 282 billion VND, a 9% increase from the beginning of the year. The largest component, short-term cash holdings, rose by 20% to over 143 billion VND. Conversely, inventory decreased slightly by 4% to 61 billion VND.
Meanwhile, total liabilities increased by 41% to 113 billion VND. Notably, customer prepayments surged from 132 million VND to over 4 billion VND. Short-term payable expenses also jumped by 88% to over 11 billion VND, primarily due to a nearly 5 billion VND land rental expense.
– 10:23 21/10/2025
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