Sai Gon Mien Trung Beer (SMB) Q4 2024 earnings summary

Executive summary

• Net revenue for Q4 2024 reached VND 363.1 billion, up 8% year-over-year from VND 336.0 billion.

• Net profit after tax for Q4 2024 was VND 53.89 billion, down 6.6% from VND 57.7 billion in Q4 2023.

• Full-year net profit after tax was VND 174.1 billion, a 16.2% increase from VND 149.8 billion in 2023.

• The company maintained strong liquidity, with cash and cash equivalents at VND 265.2 billion at year-end.

Financial highlights

• Gross profit for Q4 2024 was VND 83.7 billion, up 23% year-over-year.

• Operating profit for Q4 2024 was VND 63.8 billion, slightly down from VND 67.8 billion in Q4 2023.

• Full-year net revenue was VND 1,365.5 billion, up 10.4% from VND 1,236.5 billion in 2023.

• Total assets at year-end were VND 1,039.4 billion, up from VND 1,002.1 billion at the start of the year.

• Dividend payout for the year was VND 149.2 billion.

Outlook and guidance

• Management affirms the company’s ability to meet debt obligations and maintain operations.

• The company continues to focus on core beer production and related beverage activities.