In Q3, Sonadezi (UPCoM: SNZ), a leading industrial zone developer, reported net revenue of over VND 1,363 billion and a net profit of nearly VND 238 billion, marking a 2% and 24% year-on-year increase, respectively.
| SNZ’s Business Results from Q1/2021 to Q3/2025 |
The company attributed this growth to a 13% rise in revenue from port services and clean water supply, reaching nearly VND 733 billion. Additionally, reduced production costs and a 15% increase in financial income, primarily from deposit interest, to VND 34 billion, were key drivers of profit growth.
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Revenue Structure of SNZ in Q3/2025
Source: SNZ
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For the first nine months, revenue reached nearly VND 5,067 billion, with after-tax profit exceeding VND 1,670 billion, up 21% and 39%, respectively. This performance achieved 78% of the revenue target and surpassed the after-tax profit goal by 19% after three quarters.
Source: VietstockFinance
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As of September 30, SNZ’s total assets reached over VND 22,150 billion, a 5% increase from the beginning of the year. Cash and cash equivalents stood at more than VND 1,530 billion, down 4%. Inventory slightly increased to nearly VND 2,244 billion, primarily consisting of ongoing production costs for the Chau Duc industrial zone and urban area (VND 1,568 billion) and the Huu Phuoc residential area (VND 245 billion). Work-in-progress construction costs rose by 16% to nearly VND 5,380 billion.
Source: SNZ
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Total liabilities amounted to over VND 10,623 billion, up 4%. Financial debt decreased by 8% to nearly VND 3,690 billion, accounting for 35% of total liabilities. Customer advances and unearned revenue slightly decreased to over VND 3,200 billion, representing 30% of total liabilities.
– 3:57 PM, October 30, 2025
