Higher Education Book Company reports significant Q3 loss

Higher Education and Vocational Book Joint Stock Company (HEV) announced a net loss after tax of VND (6,686,774) for Q3 2025, marking a 108% decrease compared to a profit of VND 79,835,534 in Q3 2024. This downturn is primarily attributed to increased costs and the general situation of administrative boundary rearrangement, despite an increase in Q3 2025 revenue compared to the same period in 2024, and a decrease in the cost of goods sold.

The company's total assets stood at VND 16,043,724,827 as of September 30, 2025, down from VND 20,237,228,900 at the beginning of the year. Current assets decreased from VND 19,723,567,738 to VND 15,668,551,416. Short-term trade receivables saw a significant reduction from VND 3,295,457,449 to VND 1,651,979,361.

Net cash flows from operating activities were a deficit of VND (5,586,989,742) year-to-date in Q3 2025, a substantial change from the positive VND 1,463,717,093 in the prior year. The company's total liabilities as of September 30, 2025, were VND 3,295,074,837, decreasing from VND 7,166,964,104 at the start of the year.