Hòa Bình Rubber Anticipates 92% Plunge in Q4 After-Tax Profit

On November 12, 2025, the Board of Directors of Hoa Binh Rubber Joint Stock Company (HOSE: HRC) approved the production and business results for Q3 2025 and set forth objectives for Q4.

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Specifically, HRC reported total revenue and after-tax profit of VND 89 billion and VND 22 billion in Q3, exceeding the quarterly plan by approximately 5% and 29%, respectively.

For the first nine months of the year, cumulative total revenue and after-tax profit reached nearly VND 188 billion and VND 27 billion, respectively. The nine-month profit surpassed the annual plan by over 3%, while total revenue achieved more than 85% of the target.

Business results for the first 9 months of 2025 of HRC. Unit: Billion VND

Source: HRC

For Q4, HRC aims to achieve an extraction volume of nearly 1,238 tons, processing volume of approximately 2,025 tons, and sales volume of around 1,299 tons.

In terms of financial targets, Q4 total revenue is projected at VND 68.3 billion, a 45% decrease compared to the same period last year. This includes rubber revenue of nearly VND 65 billion, processing revenue of over VND 2.2 billion, financial revenue of VND 183 million, and other revenue of VND 915 million. Notably, in Q4/2024, the company recorded an extraordinary other income of over VND 28 billion from the liquidation and sale of fixed assets.

Consequently, HRC‘s pre-tax and after-tax profit targets for Q4/2025 are expected to decline by 91% and 92%, respectively, to VND 5.9 billion and VND 4.5 billion.

On the other hand, if these targets are met, HRC will exceed its full-year revenue and after-tax profit goals by 16% and 20%, respectively.

Ha Le

– 5:40 PM, November 12, 2025

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