Vicostone's Q3 2025 profit falls 23.61% amid rising costs

Vicostone Joint Stock Company (HNX:VCS) reported a net profit after tax of VND123,918,038,625 for the third quarter of 2025, a decrease of VND38,290,530,555 or 23.61% compared to the same period in 2024. This decline follows a 20.52% drop in accounting profit before tax, which stood at VND147,868,699,509 for Q3 2025.

Net revenue from sales of goods saw a modest increase of 1.51% to VND893,348,131,924, but this was offset by a 3.12% rise in the cost of goods sold to VND692,222,359,521, leading to a 3.64% reduction in gross profit. Financial income decreased significantly by 43.43% to VND28,978,142,483, despite an increase in interest income, due to a substantial decrease in dividends received.

Operating expenses also increased, with selling expenses rising by 18.44% to VND48,159,710,821 and administrative expenses increasing by 34.24% to VND14,966,714,985. These factors collectively contributed to the overall decrease in profitability for the quarter.