Sai Gon Mien Trung Beer (SMB) Q3 2025 earnings summary

Executive summary

• Consolidated financial statements for Q3 2025 reflect a 23.6% year-over-year increase in net profit, mainly due to higher sales volume, improved product mix, and effective cost management.

• The group operates primarily in beer, beverage production, and related services, with two direct subsidiaries and one associate.

Financial highlights

• Net revenue for Q3 2025: 370.25 billion VND, down slightly from 378.19 billion VND in Q3 2024.

• Gross profit for Q3 2025: 130.90 billion VND, up from 111.21 billion VND year-over-year.

• Net profit after tax for Q3 2025: 64.00 billion VND, up 23.6% from 51.76 billion VND in Q3 2024.

• EPS for Q3 2025: 2,144 VND, compared to 1,734 VND in Q3 2024.

• Nine-month net profit after tax: 144.62 billion VND, up from 135.81 billion VND year-over-year.

Outlook and guidance

• Management expects continued positive performance, citing stable financial position and no concerns regarding debt repayment.

• No significant seasonality impacts are expected for the main beer business.