Dong A Steel Joint Stock Company (Stock Code: GDA, UPCoM) has recently announced its receipt of Decision No. 3734/QĐ-CT dated December 31, 2025, from the Tax Department regarding administrative penalties for tax violations.
Accordingly, Dong A Steel has been fined over VND 840.2 million for incorrect tax declarations leading to underpayment. Additionally, the company is required to rectify the issue by paying the outstanding tax amount of more than VND 4.2 billion to the state budget.
Furthermore, Dong A Steel must pay nearly VND 2 billion in late tax payment fees to the state budget. This late payment fee is calculated up to December 24, 2025, and the company is responsible for self-assessing and paying any additional late fees beyond this date as per regulations.
In total, Dong A Steel is obligated to pay over VND 7 billion to the state budget, encompassing administrative fines, tax arrears, and late payment fees.
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In other developments, the Ho Chi Minh City Stock Exchange (HoSE) announced on November 27, 2025, that it had received the listing application for 149 million GDA shares from Dong A Steel. Ho Chi Minh City Securities (HSC) is the advisor for this transaction.
Since 2021, Dong A Steel has intended to conduct an IPO and list on HoSE but was forced to halt the process due to the company’s financial situation not meeting listing standards.
In September 2023, the company listed its GDA shares on UPCoM. By October 2025, the Board of Directors officially relaunched the listing plan.
Regarding business performance, in the first nine months of 2025, Dong A Steel recorded net revenue of nearly VND 11,914 billion and after-tax profit of over VND 235 billion, down 22% and 26.5% respectively compared to the same period in 2024.
Against the 2025 plan of VND 18,000 billion in revenue and VND 300 billion in after-tax profit, Dong A Steel has achieved 66% of its revenue target and 78% of its profit goal.
As of September 30, 2025, the company’s total assets stood at VND 11,557.5 billion, a 10.6% decrease from the beginning of the year. Inventory was recorded at over VND 3,081 billion, accounting for 26.7% of total assets, while investments held to maturity amounted to more than VND 2,726.5 billion, representing 23.6% of total assets.
On the liabilities side, total payables were nearly VND 7,651 billion, down 16.1% from the start of the year. Of this, loans and finance leases totaled over VND 6,183 billion, making up 80.8% of total liabilities.
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