According to the consolidated financial report for Q3/2025, Cen Land’s net revenue for the quarter reached VND 334 billion, a slight increase compared to the same period last year. The cost of goods sold decreased by VND 10 billion to VND 252 billion, significantly improving the gross profit margin. Gross profit reached VND 81 billion, a 24% increase year-over-year, driving net profit after tax to VND 20 billion, up 25% from Q3/2024.
The company reported that the real estate market continued to show positive signs in the quarter, with stable transaction volumes maintaining brokerage revenue at a healthy level. Cen Land also recorded a portion of revenue and profit from business cooperation contracts, contributing to the overall improvement in results.
For the first nine months of 2025, Cen Land reported revenue of VND 838 billion, a 27% decrease year-over-year, but net profit after tax surged by 103% to VND 63 billion, driven by cost optimization and higher profit margins.
Total Assets Surpass VND 7.6 Trillion
As of September 30, 2025, Cen Land’s total assets reached VND 7,648 billion, an increase of nearly VND 500 billion since the beginning of the year. Inventory saw a significant rise, reaching VND 869 billion, 2.5 times higher than at the start of the year. Of this, real estate inventory accounted for approximately VND 643 billion, doubling year-over-year, primarily consisting of apartment units and land plots directly purchased from developers for redistribution.
The remaining VND 225 billion represents production costs for ongoing projects, reflecting the company’s focus on investing in short-cycle projects to enhance capital efficiency.
Cen Land’s cash flow improved significantly during the period, with cash and cash equivalents doubling to VND 65 billion. Short-term receivables decreased from VND 3,745 billion to VND 3,418 billion, indicating more effective debt recovery efforts, although they still represent a significant portion of current assets.
On the financing side, total liabilities reached VND 1,716 billion, a 13% increase year-to-date, primarily driven by short-term debt to meet working capital needs. The debt-to-total-assets ratio remained at around 22%, demonstrating the company’s prudent financial policy and effective risk management.
On October 13, 2025, Cen Land completed the repayment of the CRE202001 bond issuance valued at VND 450 billion (issued on December 31, 2020). This timely fulfillment of bond obligations is seen as a positive signal of the company’s financial strength and cash flow management capabilities, particularly as the corporate bond market gradually recovers.
The An Zen Residences project – a symbol of Cen Land’s commitment to developing affordable, sustainable, and humane housing.
The Q3/2025 business results highlight Cen Land’s efficient operations and sustainable profit growth, while strengthening its financial foundation in anticipation of a more robust real estate market recovery in 2026.
With its extensive experience and distribution network, Cen Land continues to solidify its position as a leading real estate distributor in Vietnam. The company is a strategic partner of many major developers and ranks among the top distributors for key projects by leading developers such as Vingroup, MIK, and Nam Long.
In its long-term development strategy, alongside focusing on affordable products that meet real demand and offer convenient transportation connectivity, such as the An Zen Residences (Hai Phong) and Quang Yen Centro (Quang Ninh) projects, Cen Land is also developing a healthcare-focused real estate model to cater to the growing demand for elderly care, contributing to the evolution of real estate, particularly in urban areas and seaside resorts.
Dragon Capital Reduces Stake in Dat Xanh Below 10%
Following a reduction of 1.8 million DXG shares, Dragon Capital’s ownership in Dat Xanh decreased from 10.0884% to 9.9117% of the company’s capital.
Upcoming Completion of Key Infrastructure Projects in the West: Easier Access to Ho Chi Minh City’s Core
Beyond its abundant land resources and reasonable pricing, the presence of multi-billion-dollar infrastructure projects is emerging as a powerful catalyst for the real estate market in the western region of Ho Chi Minh City.
Major Shareholder Acquires Nearly 16% Stake in PGN Across Four Trading Sessions
Mr. Huynh Van Quang, a shareholder of Plastic Additives Joint Stock Company (HNX: PGN), has recently acquired nearly 1.5 million shares over four trading sessions, solidifying his position as the company’s largest shareholder.
Real Estate Stock Defies Odds, Surges to Limit Up Amid VN-Index Plunge
Over the first nine months of the year, QCG reported pre-tax profits more than four times higher than the same period last year, marking the highest level since 2019.
Ho Chi Minh City Proposes Streamlined Procedure for New Land Price Schedule
Ho Chi Minh City is currently conducting approximately 27,000 surveys across 7,505 road sections in Ho Chi Minh City, Binh Duong, and Ba Ria – Vung Tau to establish a unified land price table for the first time, set to take effect from January 1, 2026. To meet the deadline, the Department of Agriculture and Environment has proposed that the Ho Chi Minh City People’s Committee approve the construction of the land price table with a streamlined process and procedures.
