VietBac Mining reports Q3 profit dip despite nine-month cumulative growth

VietBac Mining Industry Holding Corporation reported a decline in net profit after tax for the third quarter of 2025, with the parent company's profit falling by VND 20,061m (63%) and consolidated profit decreasing by VND 21,096m (56%) compared to the same period last year. This was primarily attributed to increased input costs and higher expenses.

Despite the quarterly dip, cumulative profits for the first nine months of 2025 showed a positive trend. The parent company's profit after tax rose by 2% to VND 149,314m, while consolidated profit after tax increased by 19% to VND 198,077m. This cumulative growth was largely driven by a higher consumption volume, leading to increased revenue and overall profit for the nine-month period. The company operates across multiple sectors, with coal production as its foundation.