IDICO reports strong Q3 profit growth, driven by strategic investments

IDICO Corporation reported a substantial rise in after-tax profit for Q3 2025. Separate after-tax profit increased by 282.2 bn Vietnamese dong, reaching 703.3 bn Vietnamese dong compared to 421.1 bn Vietnamese dong in the same period last year. Consolidated after-tax profit also saw a significant increase of 406.7 bn Vietnamese dong, totaling 981.1 bn Vietnamese dong, up from 574.3 bn Vietnamese dong in Q3 2024. The primary reason for this growth was the recognition of one-time revenue from industrial park infrastructure lease contracts, aligning with regulations set by the Ministry of Finance.

The company also disclosed strategic capital adjustments and investments. On May 23, 2025, IDICO completed an additional capital contribution of 86 bn Vietnamese dong to IDICO-INCO 10, increasing its ownership to 99.18%. Additionally, a capital contribution to establish VTA Global Port Joint Stock Company for 306 bn Vietnamese dong, representing 51.00% ownership, was approved on October 23, 2025, although this transaction is not yet complete.

IDICO’s financial statements for Q3 2025 include both separate and consolidated reports. The company has no qualified opinions from auditors or transactions with a value equal to or above 35% of total assets requiring further explanation. This information was officially posted on IDICO's website on October 29, 2025.