Specifically, in Q3, LIX’s net revenue reached nearly VND 781 billion, a 9% increase year-over-year. Financial revenue also rose by 59%, though its share in total revenue remained insignificant at just over VND 6 billion.
Meanwhile, both cost of goods sold and selling expenses saw notable increases, climbing 10% and 26% respectively to over VND 613 billion and nearly VND 74 billion. Administrative expenses edged up slightly by 2%, reaching more than VND 42 billion.
As a result, LIX posted an after-tax profit of nearly VND 46 billion in Q3, an 8% decline. Combined with the first half’s earnings, the company’s nine-month after-tax profit stood at nearly VND 141 billion, flat compared to the same period last year.
Against the 2025 pre-tax profit target of VND 242 billion, LIX’s nine-month performance equates to 71% completion.
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Nine-month business results of LIX in 2025. Unit: Billion VND
Source: VietstockFinance
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Following the release of Q3 and nine-month results, LIX’s Board of Directors announced its Q4 2025 targets. The company aims to achieve VND 915 billion in net revenue and VND 37 billion in pre-tax profit, representing a 30% revenue increase but a nearly 54% profit decline compared to Q4 2024.
Based on these Q4 targets, LIX projects full-year 2025 net revenue of VND 3,074 billion and pre-tax profit of VND 210 billion. Compared to the annual shareholders’ meeting plan, this exceeds the revenue target by 1% but falls short of the profit goal, with expected completion at approximately 87%.
Returning to LIX’s Q3 financial statements, as of September 30, 2025, total assets stood at nearly VND 1.5 trillion, a 6% increase year-to-date. Key components such as short-term cash holdings and inventory rose significantly by 14% and 19% respectively, reaching over VND 427 billion and nearly VND 275 billion.
Total liabilities also increased by 9% to over VND 503 billion. Outstanding loans remained unchanged at VND 55 billion. However, customer prepayments and short-term payables plummeted by 62% and 86%, to nearly VND 12 billion and VND 7 billion, respectively, due to the absence of nearly VND 16 billion in dividend payables. Conversely, short-term accrued expenses surged to over VND 69 billion, five times the year-start figure.
– 11:35 27/10/2025
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