Me Lin Steel reports significant Q3 2025 profit decline amid market slowdown

Me Lin Steel Joint Stock Company (HNX:MEL) reported a net after-tax profit of VND 298,135,314 for Q3 2025, a significant decrease of VND 670,241,508 compared to VND 968,376,822 in Q3 2024. The company attributed this decline to a slowdown in the steel market and a corresponding reduction in revenue during the third quarter of 2025 compared to the same period last year.

Total sales and service revenue for Q3 2025 reached VND 227,467,299,802, down from VND 268,229,051,139 in Q3 2024. This reduction in revenue directly impacted the company's overall profitability.

Despite the challenging market conditions, the company’s total assets stood at VND 671,539,856,199 as of September 30, 2025. Total liabilities were VND 404,353,248,458, and owner's equity was VND 267,186,607,741.