VG PIPE reports significant profit growth despite revenue dip

Vietnam Germany Steel Pipe Joint Stock Company (VG PIPE) announced its Q3 2025 financial results, reporting a decrease in separate revenue from sales by 12.87% to VND 1,015,228,733,298, and consolidated revenue by 6.75% to VND 1,785,085,967,899, compared to Q3 2024. Despite this revenue dip, the company experienced a substantial increase in profit after tax, with separate profit rising by 254.18% to VND 34,017,502,060 and consolidated profit surging by 568.78% to VND 63,765,106,323. This profit surge is attributed to lower lending interest rates, faster capital turnover, better inventory management, and reduced production costs.

The company's strategic financial management, including sourcing raw materials at favorable prices and increasing sales of finished products, contributed significantly to improved gross profit. Additionally, profits from subsidiaries and associates saw a notable increase compared to the same period last year. VG PIPE also disclosed its Q3 2025 separate financial statements, including the Balance Sheet, Income Statement, Cash Flow Statement, and Notes to Financial Statements, which were prepared on October 29, 2025.

In accordance with regulatory requirements, VG PIPE confirms that the disclosed information is truthful and complete, taking full legal responsibility for its content. The comprehensive financial reports are available on the company's website.