Craft Beer Company’s Q3 Profits Surge Over 800%, Exceeding Annual Targets by 100x

After a loss-making first half of 2025, Saigon Beer - Bac Lieu JSC (UPCoM: SBL) reported a staggering 837% surge in Q3 net profit year-over-year, propelling its nine-month cumulative profit to over 100 times its full-year target of a mere VND 16 million.

0
28

In Q3/2025, SBL recorded its highest net profit in two years, reaching over 2.2 billion VND, a staggering 837% increase year-over-year, despite a 12% decline in revenue to under 17 billion VND. This remarkable achievement is attributed to lower raw material costs and a significant surge in financial revenue. Gross profit margin saw a notable improvement, rising to 15.6% from 8.5% in the same period last year.

Additionally, the company recognized nearly 179 million VND in other income from the disposal of unused assets, a category absent in the corresponding period last year.

SBL’s Quarterly Business Results for 2023-2025

For the first nine months of the year, SBL achieved revenue exceeding 81 billion VND, a 16% decrease year-over-year, marking the lowest nine-month revenue in its history and fulfilling 60% of the annual plan. Despite losses in the first half, the company reported a cumulative nine-month profit of nearly 2 billion VND, four times higher than the same period last year and almost 124 times the annual target of 16 million VND in profit.

However, the cash flow statement reveals a notable shift, with net cash from investing activities turning negative at over 50 billion VND, compared to a positive 130 million VND in the same period last year. This change is primarily due to a 54.1 billion VND outflow for loans and purchases of debt instruments from other entities.

As of the end of September 2025, SBL‘s total assets amounted to nearly 242 billion VND, a 6% decrease from the beginning of the year. Bank deposits accounted for over 61 billion VND. Total liabilities exceeded 65 billion VND, down 15%, with short-term loans and finance leases constituting approximately 55%.

On the UPCoM market, SBL shares closed at 5,400 VND per share on October 16, reflecting a 15% decline over the past three months and a slight 2% drop over the year. Trading volume remains extremely low, with only over 3,000 shares matched per session.

SBL Stock Price Movement Over the Past Year

Thế Mạnh

– 15:41 16/10/2025

You may also like

Record-Breaking Q3 for HDC: Nearly 550 Billion VND Profit After Selling Dai Duong Vung Tau Company

Despite a sharp decline in real estate revenue and shrinking profit margins, Hodeco achieved record-high profits, driven by a nearly 700 billion VND gain from the sale of its stake in Dai Duong Vung Tau Company.

TNG Sets New Quarterly Revenue and Profit Records, Stock Defies Downtrend

TNG Investment and Trading JSC (HNX: TNG) sustains its growth momentum following a record-breaking Q2, with Q3/2025 revenue and profit reaching all-time highs. However, the stock price has diverged, declining nearly 20% over the past year.

Steel Company Surpasses 58% Profit Target in First Nine Months

Thuduc Steel JSC – VNSTEEL (UPCoM: TDS) has announced robust Q3 2025 financial results, driven by strengthened core operations and additional profit streams.

Phú Tài Aims to Surpass 2025 Profit Target by Over 35%

The Board of Directors of Phu Tai Corporation (HOSE: PTB) has approved the estimated consolidated business results for the first nine months of 2025, reporting a revenue of VND 5,292 billion and pre-tax profit of nearly VND 475 billion. This represents a 15% increase in revenue and a 36% surge in pre-tax profit compared to the same period last year.

VPD Boosts 2025 Profit Target by 59%

On October 9th, the Board of Directors of Vietnam Power Development Joint Stock Company (HOSE: VPD) approved adjustments to its 2025 business plan, increasing its commercial electricity output target from 461 million kWh to nearly 579 million kWh, representing a growth of over 25% compared to the previous target.