Sai Gon Mien Trung Beer
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Sai Gon Mien Trung Beer (SMB) investor relations material

Sai Gon Mien Trung Beer Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary11 Mar, 2026

Executive summary

  • Consolidated financial statements for the year ended December 31, 2025, were audited by KPMG and present a true and fair view in accordance with Vietnamese Accounting Standards and regulations.

  • The group’s main business is the production and sale of beer, with other activities such as beverages and real estate being immaterial.

  • No significant changes in profit after tax compared to the previous year; no material post-audit adjustments.

Financial highlights

  • Net revenue for 2025 was VND 1,365.3 billion, down 5.6% year-over-year.

  • Net profit after tax reached VND 176.9 billion, slightly down from VND 178.5 billion in 2024.

  • Gross profit margin improved to 31.6% from 28.0% year-over-year.

  • Basic EPS was VND 5,128, marginally lower than VND 5,174 in 2024.

  • Total assets at year-end were VND 1,044.8 billion, up from VND 1,039.8 billion at the start of the year.

Outlook and guidance

  • No official guidance provided; management expects continued focus on core beer business and prudent financial management.

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