SIP reports steady growth in revenue from utility services and real estate sales, driving an increase in profits.
Source: VietstockFinance
|
In the first nine months, net revenue exceeded 6,304 billion VND, marking a 10% increase. Of this, 82% stemmed from utility services in industrial zones (IZs), rising 8% year-on-year, while real estate sales generated nearly 137 billion VND. After-tax profit surpassed 1.1 trillion VND, up 22%.
|
Revenue Structure of SIP in 9M/2025
Source: SIP
|
For 2025, SIP set a cautious business plan with consolidated revenue of 5,657 billion VND and after-tax profit of nearly 833 billion VND, down 33% and 35% respectively from the previous year. After three quarters, SIP has already surpassed these targets by 11% and 32%.
This year, the company plans to lease 45 hectares of IZ land, primarily in Phuoc Dong IZ (30 hectares), with the remainder distributed across Dong Nam, Le Minh Xuan, and Loc An – Binh Son IZs. Additionally, nearly 25,900 square meters of factory space are expected to be leased.
According to KB Securities Vietnam (KBSV), SIP holds a substantial IZ land fund of nearly 1,200 hectares with completed legal procedures, achieving a 78% land clearance rate. KBSV forecasts a slowdown in SIP‘s IZ land leasing in 2025 and 2026F, estimating 50 hectares and 60 hectares, respectively.
|
IZ Land Fund of SIP
Source: KBSV
|
SIP‘s total assets at the end of Q3 exceeded 28.4 trillion VND, a 13% increase from the beginning of the year. Bank deposits totaled nearly 5.4 trillion VND, accounting for 19% of total capital. Inventory stood at over 291 billion VND, down 10%.
Construction in progress rose slightly to over 2,332 billion VND, primarily allocated to the Phuoc Dong Boi Loi IZ-Urban-Service project (over 1 trillion VND), Le Minh Xuan 3 IZ (729 billion VND), Loc An – Binh Son IZ (245 billion VND), Dong Nam IZ (215 billion VND), and Thanh Phuoc Port (91 billion VND).
Liabilities reached over 22.7 trillion VND, up 12% from the start of the year. The majority, nearly 13.4 trillion VND (59% of total liabilities), comprises customer prepayments and unearned revenue, mainly from land and factory leasing deposits. Financial debt increased by 28% to nearly 4.6 trillion VND, representing 20% of total liabilities.
– 11:38 31/10/2025
Northern Beer Industry Leader Revives Golden Era, Achieving Highest Profits in 5 Years
Following the post-COVID-19 slowdown, Hanoi Beer-Alcohol-Beverage Joint Stock Corporation (Habeco, HOSE: BHN) is regaining its growth momentum, with revenue, profit, and gross margins all returning to peak levels. Beyond its robust recovery in the beer segment, Habeco has also made a notable mark with nearly VND 5,000 billion in cash deposits.
Taseco Land: Industrial Park Segment Contributes to Revenue for the First Time, Achieving Half of Annual Plan in 9 Months
Expanding into the industrial park infrastructure sector in 2023, Taseco Land recorded its first revenue from this segment in Q3/2025, surpassing 636 billion VND and accounting for over 50% of total revenue.
DIC Corp Reports Surging Q3 2025 Net Profit Driven by Lam Ha Center Point Project Transfer
Upon the completion of the Lam Ha Center Point project transfer in Q3/2025, DIC Corp reported a net revenue of over 1,339.3 billion VND and a net profit of more than 193.2 billion VND, marking a 28.3-fold and 17.3-fold increase, respectively, compared to the same period last year.
FPT Retail Surpasses 36 Trillion VND in Revenue After 9 Months
On October 29, 2025, FPT Digital Retail Joint Stock Company (FPT Retail, HOSE: FRT) announced its consolidated business results for the first nine months of 2025, reporting a revenue of VND 36,170 billion and pre-tax profit of VND 804 billion.
Sonadezi Surpasses Annual Plan with Over $1 Billion Profit in 9 Months
Following a record-breaking second quarter, Sonadezi’s net profit continued its upward trajectory in Q3 2025, driven by steady growth in port services, clean water operations, and improved gross margin. The company has already surpassed its full-year profit target after just three quarters.
