On October 29, Masan Group’s leadership held an online meeting with investors to update them on the group’s Q3 business performance, along with that of its subsidiaries.
In Q3,
Masan Group
achieved
revenue of 21,164 billion VND
,
a nearly 10%
increase year-on-year, with a post-tax profit of 1,866 billion VND, 1.4 times higher than the same period last year
, and the highest since Q1/2022.
For the first 9 months,
revenue reached
nearly
58,400
billion VND
,
an 8% increase year-on-year, with a net profit of 4,468 billion VND
,
a 64% increase year-on-year
,
equivalent to over 90% of the annual plan.
Discussing the positive Q3 results, Masan Group’s leadership attributed the growth to strong profit efficiency at WinCommerce, Masan MeatLife, and Phúc Long, along with improved profit contributions from TCB and the deconsolidation of H.C. Starck (HCS), despite Masan
Consumer Corporation (MCH)
being in the early stages of refining its new distribution model and a slight increase in net financial costs.
At WinCommerce, the shift from traditional markets to modern markets is occurring at an extremely rapid pace, driving market share growth for mini-supermarkets. This is also the first quarter where both mini-supermarket and large supermarket models recorded positive EBIT.
Specifically,
Q3 revenue reached 10,544 billion VND (a 22.6% increase year-on-year), with a net profit of 175 billion VND (an 8.7x increase year-on-year), corresponding to a 1.7% profit margin, driven by like-for-like (LFL) revenue growth of 11% and 9.7% year-on-year for mini-supermarket and supermarket chains, respectively.
Mr. Danny Le, CEO of Masan Group, noted that rural areas are a highlight. As of Q3, WinCommerce has opened over 550 new stores,
and with the remaining two months of 2025
,
the plan to open 700 or more stores is
entirely feasible.
With nearly 4,300 stores, WinCommerce’s results are improving quarter by quarter, exceeding all forecasts from the beginning of the year with sustainable revenue and profit. Notably, the profit of newly opened stores is reaching 1-2%, equivalent to being profitable from the first year of operation.
Based on these results, the company is confident in its plan to develop an additional 1,000 to 1,500 stores in 2026, focusing mainly on the Northern and Central regions, and gradually expanding in the Southern region, aiming to balance operations across all three regions in the coming period.
At
Masan
Consumer Corporation (MCH),
Q3 revenue reached
7,517 billion VND, a 6% decrease year-on-year.
The negative growth was
impacted by the nationwide implementation of the “Direct Distribution” model in the traditional sales channel (GT), although
improvements were recorded month-on-month within the quarter and quarter-on-quarter, setting the stage for growth in subsequent periods.
Regarding the
progress of transferring
MCH’s stock listing from UpCOM to HoSE
, Mr. Micheal Hung Nguyen
,
Deputy CEO of Masan Group, stated that all necessary documents have been prepared.
The company is awaiting better business results
in the coming quarters
for Masan Consumer
,
as well as more positive market information to
ensure a smooth IPO process.
Currently,
the company has not set
an official date for
the transfer
of MCH’s listing,
but Mr. Michael believes that
,
given the company’s market capitalization, upon listing on HoSE, Masan Consumer’s stock will have a high chance of entering the VN30 index.
For
Masan Hightech Materials (MHT)
, another prominent segment of the group, operations have also
encountered
favorable conditions as tungsten prices reach record highs amid China’s export ban.
With
Q3 revenue of 2,041 billion VND and a net profit of 5 billion VND (a 279 billion VND increase year-on-year)
,
many potential investors are showing
significant
interest in MHT, opening up opportunities to soon find a strategic investor. The
company
expressed
hope
,
that by this year or early next year, they will
receive
good news to share with
shareholders.
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Masan’s leadership expresses confidence in MCH’s recovery starting from Q4, emphasizing that listing MCH on HOSE remains their top priority at present.
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Masan Group Corporation (stock code: MSN) has released its Q3 2025 financial report, revealing an impressive after-tax profit of VND 1,866 billion.
Masan Group Q3 Net Profit Surges to Nearly VND 1.9 Trillion, 1.4x YoY Growth, Driven by Wincommerce and Masan MeatLife
In Q3, revenue surged to VND 21,164 billion, marking a 9.7% year-on-year increase. Post-tax profit reached VND 1,866 billion, a remarkable 1.4-fold growth compared to the same period last year.
Masan Surges with 43% Q3 Profit Growth, Achieves Over 90% of Annual Target
Masan Group Corporation (HOSE: MSN) has announced its consolidated financial report for Q3/2025, revealing a remarkable post-tax profit of nearly VND 1,866 billion, marking a 43% surge compared to the same period last year. This outstanding performance positions Masan to achieve over 90% of its annual profit target within just nine months.
