Sai Gon Mien Trung Beer (SMB) Q1 2025 earnings summary

Executive summary

• Consolidated after-tax profit for Q1 2025 increased by 21.7% year-over-year, mainly due to improved cost management, product mix changes, and lower raw material prices.

• The company remains confident in its ability to meet debt obligations and has issued its consolidated financial statements in compliance with Vietnamese accounting standards.

Financial highlights

• Net revenue for Q1 2025 was VND 296.1 billion, down from VND 327.2 billion in Q1 2024.

• Gross profit reached VND 77.4 billion, nearly unchanged year-over-year.

• Profit before tax was VND 35.9 billion, up from VND 29.6 billion in Q1 2024.

• Net profit after tax was VND 28.7 billion, up 21.7% from VND 23.6 billion in Q1 2024.

• Basic EPS for the period was 962 VND, compared to 791 VND in Q1 2024.

Outlook and guidance

• Management attributes profit growth to effective cost control, product mix optimization, and lower input costs.