Son Ha Renewable Energy's Q3 2025 net profit surges 47%

Son Ha Development of Renewable Energy Joint Stock Company reported a net profit after tax of VND 4.5 billion for Q3 2025, a 47% increase compared to VND 2.4 billion in the same period of 2024. This growth was driven by a substantial 52% rise in net revenue, reaching VND 73,466,445,745 in Q3 2025 from VND 48,403,084,594 in Q3 2024.

Despite a 55% increase in the cost of goods sold (COGS) to VND 65,564,121,682, the company’s gross profit still climbed by 30% to VND 7,902,324,063. Financial expenses also saw a 49% increase, reaching VND 1,332,924,127.

Selling expenses decreased by VND 0.24 billion, while administrative expenses increased by 2%. Notably, other profit surged by VND 1.04 billion, contributing significantly to the overall positive performance.