HCMC – Binh Thanh Import – Export Production & Trade JSC (HOSE: GIL) posted a net loss of VND32.99 billion in the third quarter of this year, taking its nine-month loss to VND102.55 billion.
Its third-quarter revenue rose 29.9% year-on-year to VND198.15 billion. Its gross margin fell to 8.6% from 20.4% a year earlier, pushing its gross profit down 45.1% to VND17.08 billion. The company reported net profit of VND2.33 billion in the same period last year.
Its financial income plunged 73.6% to VND5.75 billion and its financial expenses edged down 8% to VND7.33 billion. Its selling and administrative expenses rose 18.2% to VND47.26 billion. GIL said its gross profit was not enough to cover operating and financial costs, resulting in a quarterly loss.
The company attributed the decline to its restructuring and its expansion of a stuffed toy production line. Its industrial real estate unit also increased infrastructure spending in the third quarter to meet handover schedules, sending its operating costs up.
In the first nine months of 2025, its revenue fell 12.7% to VND453.1 billion. GIL posted a net loss of VND102.55 billion, compared with a profit of VND12.31 billion a year earlier.
Gilimex has set a full-year target of VND1.2 trillion in revenue and VND150 billion in net profit, with a planned 10% dividend. The company remains far from reaching these goals.
Operating cash flow was negative VND481.3 billion in the January–September period, compared with negative VND88.3 billion a year earlier. Investment cash flow was negative VND192.5 billion, while financial cash flow rose to VND567.7 billion due to higher borrowings.
SSI Securities’ data showed Gilimex recorded negative operating cash flow for three consecutive years: VND92.9 billion in 2022, VND319.31 billion in 2023 and VND211.17 billion in 2024. The nine-month figure for 2025 marks its largest deficit to date.
Gilimex’s total assets reached VND3.63 trillion at the end of the third quarter, up 11.3% from the start of the year. Its inventory accounted for VND1.88 trillion, while its cash and short-term investments totaled VND844.4 billion and short-term receivables stood at VND324.6 billion.
Closing the trading session today, November 3, GIL edged down 3.15% to VND15,350, with 215,500 shares changing hands.
Vietnam’s benchmark VN-Index edged down 1.38% on Monday as broad selling hit large-cap stocks and key sectors.
The index dropped 22.65 points to close at 1,617, with 88 gainers and 240 losers on the Hochiminh Stock Exchange. Trading volume rose 20.55% from the previous session to more than one billion shares, worth VND29.49 trillion. Block deals accounted for 47.3 million shares valued at VND1.74 trillion.
The VN30-Index lost 27.12 points, or 1.47%, to 1,857.64, with 23 bluechips declining. VIC edged up 2.3% to VND195,400 after three losing sessions, while FPT added 1.1% to VND105,000 on strong liquidity and net foreign buying of 2.4 million shares.
VRE declined 5.9% to its session low. STB dropped 5.8%, SSI lost 5.2%, and HDB slipped 4.5%.
Brokerage stocks posted the steepest losses. VIX hit the floor price of VND26,050 with 70.7 million shares changing hands, making it the second most actively traded. Foreign investors sold a net 10.7 million VIX shares. CTS also closed at the floor price. VND fell 6.2%, while SSI, TCX, VDS and HCM all declined more than 4%.
Banking stocks moved lower across the board. SSB gained less than 0.5%, while TPB and LPB closed flat. SHB lost 3% to VND15,950 and led the market in liquidity with 71.7 million shares traded.
On the Hanoi Stock Exchange, the HNX-Index dropped 2.51%, or 6.67 points, to 259.18. The market recorded 47 gainers and 103 decliners, with trading volume of 133.5 million shares valued at VND2.87 trillion.
