Vinafreight Q3 profit falls 11% despite revenue growth

Vinafreight Joint Stock Company (HNX:VNF) announced its Q3 2025 separate business results, showing a mixed financial performance. The company reported revenue from the sale of goods and rendering of services of VND 70,212,485,777, an increase of 8.57% from Q3 2024. However, gross profit from the sale of rendering of services decreased by 33.59% to VND 8,301,765,351. Consequently, net profit after tax for Q3 2025 was VND 7,680,368,482, a decline of 11.01% compared to VND 8,631,029,678 in Q3 2024. The primary reason for this decrease was a reduction in gross profit.

The company's financial statements for the fiscal period ended September 30, 2025, also include an updated capital structure. Total contributed charter capital/share capital remained at VND 317,158,800,000. Undistributed earnings, however, increased to VND 154,337,001,637 from VND 140,472,707,207 at the beginning of the period, benefiting from the current period’s net profit of VND 62,414,864,430, despite dividends declared (VND 47,550,570,000) and funds appropriated (VND 1,000,000,000).

As of September 30, 2025, total assets were VND 655,777,884,109, with current assets at VND 260,907,458,911 and non-current assets at VND 394,870,425,198. Liabilities stood at VND 138,773,032,472. The company disclosed its financial information on its website on October 24, 2025, and confirmed the accuracy of the statements.