Ha Noi - Thanh Hoa Beer posts strong Q3 profit growth

Ha Noi - Thanh Hoa Beer Joint Stock Company (HNX:THB) reported a substantial increase in profit after tax for the third quarter of 2025, reaching VND 7,365,730,281, a rise of VND 2,080,713,165 compared to VND 5,285,017,116 in Q3 2024. This represents a more than 10% increase year-over-year.

The company attributed this growth primarily to a VND 13.3 billion increase in sales revenue, equating to a 3% rise driven by higher sales volume. A notable factor was the decrease in input material purchase prices, which resulted in a VND 8.8 billion lower increase in the cost of goods sold compared to the revenue increase. Additionally, discounts and promotional expenses rose by VND 5.3 billion, aligning with the higher sales revenue.

Despite a decrease in financial income, other income from sales support increased, contributing an additional VND 3 billion to the profit growth. These combined factors were instrumental in the company's strong performance during the reporting period.