In Q3, Sonadezi (UPCoM: SNZ), a leading industrial zone developer, reported net revenue of over VND 1.363 trillion and a net profit of nearly VND 238 billion, marking a 2% and 24% year-on-year increase, respectively.
| SNZ’s Business Results from Q1/2021 to Q3/2025 |
The company attributed this growth to a 13% rise in revenue from port services and clean water supply, reaching nearly VND 733 billion. Additionally, reduced production costs and a 15% increase in financial income, primarily from deposit interest, to VND 34 billion, were key drivers of the profit surge.
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Revenue Structure of SNZ in Q3/2025
Source: SNZ
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For the first nine months, revenue reached nearly VND 5.067 trillion, with after-tax profit exceeding VND 1.670 trillion, up 21% and 39%, respectively. This performance translates to 78% of the annual revenue target and surpasses the after-tax profit goal by 19% after three quarters.
Source: VietstockFinance
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As of September 30, SNZ’s total assets stood at over VND 22.150 trillion, a 5% increase from the beginning of the year. Cash and cash equivalents amounted to more than VND 1.530 trillion, down 4%. Inventory slightly rose to nearly VND 2.244 trillion, primarily comprising work-in-progress costs for the Chau Duc industrial zone and urban area (VND 1.568 trillion) and the Huu Phuoc residential area (VND 245 billion). Construction in progress reached nearly VND 5.380 trillion, up 16%.
Source: SNZ
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Total liabilities were over VND 10.623 trillion, up 4%, with financial debt at nearly VND 3.690 trillion, down 8% and accounting for 35% of total liabilities. Customer advances and unearned revenue exceeded VND 3.200 trillion, slightly decreasing and representing 30% of total liabilities.
– 3:57 PM, October 30, 2025
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