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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.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.
- Net profit in Q3 2025 rose 23.6% year-over-year on higher sales and improved margins.SMB
Q3 20252 Nov 2025 - Q1 2025 profit up 21.7% year-over-year on cost savings, despite lower revenue.SMB
Q1 202518 Aug 2025 - Q2 2025 net profit dropped 14.1% year-over-year, mainly from lower sales volume and product mix.SMB
Q2 202518 Aug 2025 - Q4 2024 net revenue up 8% YoY; full-year net profit after tax rose 16.2%.SMB
Q4 20246 Jun 2025
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