Thu Duc Steel Joint Stock Company (VNSTEEL, stock code: TDS) has released its Q3/2025 financial report, revealing a net revenue of over 662 billion VND, a 72% increase compared to the same period last year.
In Q3/2025, the company’s net revenue surged by 278 billion VND. This significant growth contributed to a 277% rise in gross profit, equivalent to 9.79 billion VND compared to Q3/2024.
During Q3/2025, sales volume increased by 142% year-over-year, leading to a 48.54% rise in selling and administrative expenses, or an additional 5.3 billion VND. The company also benefited from a 3.6 billion VND reduction in 2024 land tax.
Thanks to improved business performance and market recovery, sales volume increased significantly, resulting in a higher profit margin in Q3/2025 compared to Q3/2024.
As a result, the company reported a post-tax profit of 1.6 billion VND in Q3/2025, an improvement of 8.2 billion VND from the 6.6 billion VND loss in the same period last year, marking a 124% increase.
For the first nine months, net revenue reached over 1.610 trillion VND, a 50% increase year-over-year. Net profit after tax (NPAT) was nearly 133 billion VND, up 141% compared to the same period in 2024.
Previously, Gemadept Corporation (stock code: GMD) announced on July 14 that it was no longer a major shareholder of VNSTEEL after selling 50,000 shares. Prior to the transaction, Gemadept held 637,500 TDS shares, equivalent to 5.21% of the charter capital. After the sale, its holdings decreased to 587,500 shares, reducing its ownership to 4.81%.
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