Nhơn Trạch 2 Power Joint Stock Company (NT2) has announced its Q3 2025 financial results, reporting net revenue of VND 1,928 billion, a 13% increase compared to the same period in 2024.
Meanwhile, the cost of goods sold rose only slightly by 4%, reaching VND 1,724 billion. This has propelled gross profit to surge by 242%, from VND 60 billion to VND 205 billion.
Additionally, financial activity revenue climbed by 83%, hitting VND 49 billion.
As a result, Q3 net profit after tax reached VND 214 billion, nearly five times higher than the VND 44 billion recorded in the same quarter last year.
For the first nine months of the year, NT2’s cumulative net revenue reached VND 5,436 billion, a 31% increase compared to the same period in 2024. Gross profit stood at VND 616 billion, a stark contrast to the VND -36 billion loss in the same period of 2024. NT2’s nine-month net profit after tax hit VND 577 billion, 69 times higher than the mere VND 8 billion recorded in the same period of 2024.
As of the end of Q3 2025, NT2’s total assets amounted to VND 8,324 billion, a 4% decrease from the beginning of the year. Regarding capital, total liabilities fell by 15% from the start of the year to VND 3,816 billion. Of this, financial debt stood at VND 1,292 billion.
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