Northern Textiles posts soaring Q3 profit growth on cost efficiency

Northern Textiles and Garments Joint Stock Company reported a significant after-tax profit of VND 1,154,812,013 for Q3 2025, marking a 67.24% increase compared to VND 690,510,342 in Q3 2024. This growth was primarily fueled by a 55.73% rise in net profits from operating activities, which reached VND 1,609,058,438 in Q3 2025. Profit before tax also saw a substantial increase of 62.00%, totaling VND 1,507,688,475 in Q3 2025.

The company attributed the improved performance to a 25.28% decrease in the cost of goods sold for Q3 2025 compared to Q3 2024. Additionally, other income for Q3 2025 rose by 18.92% compared to the previous year's third quarter. Corporate income tax expense for Q3 2025 was VND 352,876,462, an increase of 46.92% from VND 240,176,044 in Q3 2024.

As of September 30, 2025, total assets stood at VND 121,976,937,357, an increase from VND 118,974,564,386 at the beginning of the year. The company also disclosed capital investments totaling VND 55,000,000,000, representing 46.23% of its total assets as of December 31, 2024.