Vinaconex No 12 reports soaring Q3 profit, strong revenue growth

Vinaconex No 12 (HNX:V12) reported a 195.1% surge in profit after tax for the third quarter of 2025 compared to the same period in 2024. This significant growth is primarily attributed to a substantial increase in both sales and service revenue, which rose by 120.2% in Q3 2025 year-over-year, and financial revenue, which saw an impressive 1326.0% increase during the same period.

For the first nine months of 2025, the company's profit after tax is already 195.1% higher than the same period in 2024. Cumulative sales and service revenue for the nine-month period reached 355,414,141,328 Vietnamese dong, marking a 120.2% increase compared to the previous year. Financial revenue also significantly contributed to this strong performance, climbing to 1,831,323,236 Vietnamese dong for the nine-month period, which is 1326.0% higher than the previous year.

The company's total assets as of September 30, 2025, stood at 699,261,466,694 Vietnamese dong, an increase from 629,021,712,181 Vietnamese dong at the beginning of the year. Current assets comprise 92.19% of total assets, while owner's equity accounts for 23.00% of the capital structure. The earnings per share for the third quarter of 2025 were 185 Vietnamese dong.