Vinacomin reports significant profit decline in Q3 2025

Vinacomin - Coal Import Export Joint Stock Company announced its Q3 2025 financial results, with after-tax profit falling to VND11,275,850,338 from VND29,034,506,378 in Q3 2024, a decrease of VND17,758,656,040. The company’s total assets as of September 30, 2025, were VND2,920,418,245,072, up from VND1,348,341,662,126 at the beginning of the year.

The primary reasons for the profit decline include a VND11,228,782,401 decrease in gross profit from sales and services, an VND18,499,847,764 reduction in financial income, and an VND5,112,679,442 increase in financial expenses compared to the same period in 2024. Despite these headwinds, selling and general administrative expenses saw reductions of VND3,780,642,864 and VND2,817,884,867, respectively.

Other positive factors included a VND4,271,299,378 increase in other profits and a VND6,212,826,458 decrease in corporate income tax expenses. The company’s equity stood at VND787,219,202,636 as of September 30, 2025.