SCI Joint Stock Company reports strong Q3 profit growth

SCI Joint Stock Company (HNX: S99) reported a significant 235% increase in consolidated profit after tax for Q3 2025, reaching VND 36,058 million, up from VND 10,757 million in Q3 2024. This surge was primarily attributed to a 43% rise in consolidated revenue, which climbed to VND 520,914 million from VND 364,432 million year-over-year. The revenue growth led to a 49% increase in consolidated gross profit, reaching VND 79,190 million, with major contributions from domestic electricity sales and construction.

Additionally, financial revenue experienced a remarkable 309% increase, reaching VND 26,495 million in Q3 2025, largely due to higher interest from deposits and securities investments. Concurrently, financial expenses decreased by 39% to VND 44,231 million from VND 72,358 million in the same period last year, mainly due to a reduction in exchange rate losses.

In contrast, the separate financial statement showed a decline in profit after tax for Q3 2025, decreasing by 87% to VND 561 million from VND 4,476 million in Q3 2024. This was mainly due to a 5% decrease in separate revenue, from VND 192,000 million to VND 182,615 million, which the company attributed to complicated weather conditions affecting hydropower project progress in Laos.