Xuân Minh Hydropower Profits Nearly Double on Surging Electricity Output

With a stellar Q3 2025 performance, Xuan Minh Hydropower JSC (UPCoM: XMP) has smashed its annual profit targets in just nine months.

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XMP’s Q3/2025 Business Targets

In Q3, XMP’s commercial electricity output reached 21.27 million kWh, a 7% increase year-over-year. This drove a 7% rise in net revenue to nearly VND 15 billion. Cost of goods sold increased marginally by 2.4%, resulting in a 12% growth in gross profit to approximately VND 7.3 billion.

Financial expenses decreased significantly by 13% to nearly VND 3.7 billion, primarily due to lower interest costs. Operating expenses rose slightly by 4.6% to VND 859 million. Consequently, XMP’s post-tax profit surged by 87% to VND 2.7 billion compared to the same period last year.

For the first nine months of 2025, XMP’s net revenue reached VND 58 billion, a 13% increase year-over-year, with post-tax profit nearing VND 20 billion, up 79%. The strong Q3 performance helped the company exceed its annual plan, achieving 81% of its revenue target and surpassing its post-tax profit goal by 20%, as approved by the 2025 Annual General Meeting.

Source: VietstockFinance

As of Q3-end, XMP’s total assets stood at VND 371 billion, slightly lower than the beginning of the year, primarily comprising fixed assets (95%). Cash on hand increased by 28% to nearly VND 2.3 billion.

On the liabilities side, total debt decreased by 8% to VND 193 billion. Notably, short-term loans declined by 15% to VND 54 billion, and long-term loans dropped by 13% to VND 122 billion.

Chau An

– 13:00 21/10/2025

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