Representatives from Navico and JBS at the ceremony
|
On November 6th, Navico hosted a sealing and ribbon-cutting ceremony to mark the official launch of its first container shipment of tilapia to JBS Brazil. JBS is a global food conglomerate with over 280,000 employees, operating 150 plants across multiple countries, leading the world in beef and poultry production. The company is also investing in two beef processing plants in Vietnam.
Mr. Roberto, representing JBS, stated that JBS had conducted multiple surveys of Navico, highly appreciating its production capabilities and operational processes. He emphasized that JBS would introduce Navico’s tilapia products into supermarkets and HORECA distribution channels in Brazil.
Navico’s CEO, Mr. Doãn Tới, mentioned that the partnership with JBS was initiated following a business trip to Brazil in August, where Navico signed its first export contract and collaborated with local partners. He highlighted Navico’s strategy to enhance quality for market expansion and noted that the company is exploring financial and strategic collaborations with partners from Thailand, Brazil, the U.S., and China.
The entry into the Brazilian market coincides with Navico’s strong Q3 2025 financial results. Revenue surpassed VND 2,000 billion for the first time, a 49% increase year-over-year and the highest ever recorded. Exports reached over VND 1,553 billion, up 71%, accounting for 78% of total quarterly revenue. Gross profit margin significantly improved to nearly 24.4%, compared to 11.3% in the same period last year, driving Q3 net profit to VND 283 billion, nearly 10 times higher year-over-year.
For the first nine months of the year, revenue exceeded VND 4,800 billion, up 36%; pre-tax profit reached VND 857 billion, over 13 times higher year-over-year and surpassing 71% of the annual plan. Net profit was nearly VND 748 billion, more than 17 times higher, exceeding the total annual profit from previous years and far surpassing the VND 48 billion recorded in 2024.
| Navico’s Business Results from 2016 to 9M2025 |
On the HOSE market, ANV shares closed at VND 28,150 per share on November 6th, up 12% in the last three months and over 68% in the past year, with average liquidity of nearly 2.8 million shares per session.
| ANV Stock Price Performance Over the Past Year |
– 09:28 07/11/2025
VC3’s Q3 Net Profit Surges 1.5x Year-on-Year, Driven by Bao Ninh 2 Project Revenue Recognition
Fueled by robust revenue from its real estate projects, Nam Mekong Group Corporation (HNX: VC3) reported a 50% year-over-year surge in net profit for Q3 2025.
SSI Securities Reduces Number of Shares Offered to Shareholders
SSI Securities Corporation has revised its planned offering of shares to existing shareholders, reducing the number from 415.58 million units to 415.18 million units.
Pomina Reports Over 500 Billion VND Loss in First Nine Months, Negative Equity
Once a steel giant rivaling Hoa Phat, Pomina (UPCoM: POM) has spiraled into a vortex of losses, culminating in a staggering negative equity of nearly VND 187 billion by the end of September 2025.
ThuDuc House Turns Q3 Profit on Other Income, Extends Loans to Two Private Companies
Fueled by a surge in net revenue and exceptional non-operating gains, Thu Duc House Development Corporation (HOSE: TDH) reported a nearly threefold increase in consolidated net profit compared to the same period last year.
BIDV’s Total Assets Surpass 3 Quadrillion VND, Q3 Pre-Tax Profit Surges 17%
BIDV’s consolidated Q3/2025 financial report reveals a pre-tax profit of nearly VND 7,594 billion, marking a 17% year-on-year increase. As of the end of Q3, the bank’s total assets surpassed VND 3,000 trillion.
