Hoa Binh Takara's Q3 2025 profit drops over 50% amid revenue decline

Hoa Binh Takara Joint Stock Company reported a net profit after tax of VND 166,093,974 for Q3 2025, a decrease of VND 215,896,932 (56.52%) compared to Q3 2024. This decline is primarily attributed to a substantial decrease in revenue, with sales of goods and services falling by VND 5,062,136,644 (24.86%) to VND 15,300,675,000 in Q3 2025 from VND 20,362,811,644 in Q3 2024.

The company explained that the reduced revenue was due to a lower workload and some service contracts not meeting revenue recognition conditions within the quarter. Additionally, increased input costs and administrative expenses contributed to a lower gross profit margin.

The cumulative net profit after tax for the nine months ending September 30, 2025, was VND 496,630,950, a decrease from VND 410,560,571 reported for the same period in the previous year. Total assets for the company stood at VND 160,876,025,982 as of September 30, 2025, an increase from VND 155,357,126,564 at the beginning of the year.