Cement Companies Report Highest Profits in 13 Quarters, Stocks Hit Upper Limit

Compared to the 2025 plan, VICEM Hoang Mai Cement has achieved 78% of its revenue target and surpassed its profit goal by 7%.

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VICEM Hoang Mai Cement JSC (HNX: HOM) released its Q3/2025 financial report, revealing a net revenue of VND 377 billion, a nearly 6% increase year-over-year. The company posted a post-tax profit of over VND 8 billion, a significant turnaround from a loss of VND 11 billion in the same period last year. This marks the highest profit in 13 quarters, since Q3/2022.

The Q3/2025 profit surge is primarily attributed to higher clinker prices, contributing an additional VND 13.5 billion. Improved efficiency in raw material usage, including wood bark, wood chips, and solid waste as partial substitutes for coal dust, added VND 5.7 billion and VND 7 billion, respectively. Additionally, newly launched waste treatment operations contributed VND 3.7 billion.

Conversely, domestic cement price declines reduced profits by VND 8.2 billion, while increased electricity costs due to EVN’s price adjustments and new environmental recycling fees for packaging materials further eroded profits by VND 5.5 billion and VND 0.6 billion, respectively.

Over the first nine months, net revenue reached nearly VND 1,219 billion, a 1% increase year-over-year. Post-tax profit stood at VND 16 billion, compared to a loss of over VND 51 billion in the same period last year. Against the 2025 plan, VICEM Hoang Mai Cement achieved 78% of its revenue target and exceeded its profit target by 7%.

As of September 30, 2025, the company still carries an accumulated loss of over VND 79 billion. Total assets increased by 17% since the beginning of the year to over VND 1,449 billion. Liabilities rose by 51% to nearly VND 574 billion.

On October 23, HOM shares continued their impressive rally, reaching VND 5,500 per share, following a ceiling-hit session at VND 5,200 the previous day.

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