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 the post-tax profit 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 improved results.
For the first nine months of 2025, Cen Land reported revenue of VND 838 billion, a 27% decrease year-over-year, but post-tax profit surged by 103% to VND 63 billion, driven by cost optimization and higher profit margins.
The company recently celebrated its 23rd anniversary with the theme “Moving Forward,” marking a milestone of maturity and reaffirming its pioneering position.
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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 from 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 goods 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.
Cash and cash equivalents doubled to VND 65 billion during the period, while 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 funding side, total liabilities reached VND 1,716 billion, a 13% increase from the beginning of the year, primarily due to short-term debt for 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 worth 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, especially as the corporate bond market gradually recovers.
The An Zen Residences project symbolizes Cen Land’s commitment to developing affordable, sustainable, and humane housing.
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The Q3/2025 results highlight Cen Land’s efficient business 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 connections—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 trend of elderly care, contributing to the evolution of real estate, particularly in urban areas and seaside resorts.
Services
– 13:10 04/11/2025
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