Bao Ngoc Investment Group reports significant Q3 2025 profit growth

Bao Ngoc Investment Group (BNA) reported a significant 127.88% increase in separate after-tax profit for Q3 2025, reaching VND 30,913,106,865, up from VND 13,565,609,649 in Q3 2024. This growth was attributed to a moderate rise in sales revenue and nearly flat cost of goods sold, resulting in a substantial expansion of gross margin due to stable input material prices and better cost control. Separate net revenue from sales and services increased by 11.74% to VND 304,438,768,781, while the cost of goods sold slightly decreased by 0.15% to VND 238,153,920,927.

On a consolidated basis, after-tax profit surged by 257.81% to VND 57,623,493,174 from VND 16,104,713,503 in the prior-year period, despite a 13.83% decline in consolidated net revenue to VND 374,145,373,877. This consolidated profit increase was primarily due to tighter cost control and production optimization at subsidiaries, as well as the full capture of profits from the Mid-Autumn Festival 2025 project which fell within Q3.

Notably, the consolidated figures also reflect a retrospective accounting entry reversing a prior-period trading-profit loss following the divestment of 100% of Bao Ngoc Southern Investment & Manufacturing JSC's stake in Me Trang Coffee Group JSC. Consolidated cost of goods sold decreased by 24.19% to VND 291,573,252,535.