NRC reports significant Q3 2025 profit turnaround

NRC Corporation (NRC) announced a significant turnaround, reporting a consolidated net profit after tax of VND 23,624,572,675 for Q3 2025, a 499% increase compared to a loss of VND 5,914,294,683 in Q3 2024. This notable improvement is attributed primarily to higher net revenue from the consolidation of real estate and food sectors. The parent company also achieved a net profit after tax of VND 19,507,369,313, a 441% increase from a loss of VND 5,718,529,091 in the prior year's period.

The company's administrative expenses saw a reduction due to successful debt recovery efforts, enabling the reversal of provisions and enhancing overall business performance. Total current assets as of September 30, 2025, stood at VND 393,383,550,727, with total liabilities at VND 711,080,230,722. NRC's owners' equity increased to VND 1,026,172,852,732 from VND 1,005,116,019,547 at the beginning of 2025.

The financial statements highlight strategic investments in subsidiaries and joint ventures, including DKTK Thuan An JSC and Netland Real Estate JSC. NRC's business structure includes three directly owned subsidiaries and one associate, with principal activities focused on real estate consultancy, brokerage, and trading. The reported figures demonstrate effective management and strategic adjustments in a volatile market.