Ninh Binh Phosphate Fertilizer: Q3 profit surges over 10% on strong sales

Ninh Binh Phosphate Fertilizer Joint Stock Company announced an after-tax profit of VND 26,591,806,099 for Q3 2025, marking an increase of over 10% compared to Q3 2024. This growth was primarily attributed to a 3.5% rise in the consumption volume of powdered fused magnesium phosphate fertilizer, with its selling price increasing by 24.99%. Additionally, NPK product selling prices climbed by 14.24%, contributing to a 7.88% increase in net sales.

The company also saw a 4.06% decrease in the cost of goods sold, which further boosted gross profit. Financial income experienced a substantial surge of 653.79%, mainly due to interest from bank deposits under term credit contracts at rates between 4.1% and 5.0% per annum. Bank deposits for the first nine months of 2025 increased by VND 159 billion, representing a 497.5% rise from the same period in 2024.

The company's management highlighted effective oversight and strategic market expansion, resulting in nationwide distribution and exports to Japan and Australia. The financial report for Q3 2025 details total assets of VND 419,354,925,450, with current liabilities at VND 140,104,971,882 and owner's equity at VND 279,249,953,568.