HCMC — Hoa Phat Group (HOSE: HPG) reported after-tax profit of VND4.01 trillion in the third quarter of 2025, up 33% from a year earlier, as steel output increased.
Its revenue rose 7% year-on-year to VND36.79 trillion. The steelmaker produced 2.8 million tons of crude steel in the quarter, up 14% from the previous quarter and 35% from a year earlier. Sales of key steel products, including hot-rolled coil, construction steel, high-quality steel and billets, fell 4% quarter-on-quarter but rose 21% year-on-year to 2.5 million tons.
In the first nine months of 2025, Hoa Phat posted revenue of VND111.03 trillion, up 5%, and after-tax profit of VND11.63 trillion, up 26% from the same period last year. The company has achieved 65% of its full-year revenue target and 78% of its profit goal.
Steel and related products accounted for 93% of total revenue and 83% of profit.
Hoa Phat completed its Dung Quat 2 steel complex in Quang Ngai Province during the period, which is expected to support future growth.
The steelmaker produced 7.9 million tons of crude steel in the first nine months of 2025, up 23% year-on-year, and sold 7.4 million tons of finished products, up 22%.
Hoa Phat looks to obtain revenue of VND170 trillion and after-tax profit of VND15 trillion in 2025.
Closing the trading session today, October 29, HPG edged up 1.68% to VND27,250, with a trading volume of over 39.4 million shares. It was the second most actively traded stock on the market.
Vietnam’s benchmark VN-Index rose on Wednesday, supported by gains in banking and steel stocks, while Vingroup-family stocks continued to weigh on the market.
The VN-Index added 5.33 points, or 0.32%, to close at 1,685.83, with 246 gainers and 88 decliners on the Hochiminh Stock Exchange (HOSE). Trading volume reached more than 898.8 million shares worth VND25.75 trillion, down 3.75% in volume and 13.13% in value from the previous session.
Vingroup-family stocks were the main drags. VIC dropped 3.7%, VHM lost 3%, and VRE fell 2.3%, together taking away more than 10 points from the benchmark index.
Banking stocks led the rise, with seven bank tickers among the top 10 positive contributors to the VN-Index. SHB took the lead by liquidity on the southern bourse, with over 117.8 million shares changing hands, up 2.8%. Major lenders VCB, CTG, TCB, and BID all rose more than 1%, while VIB declined over 1%.
Energy stocks performed well, with BSR hitting the daily ceiling of VND17,200 and trading more than 4.4 million shares.
Mid- and small-cap stocks also gained strongly, with several hitting their ceiling prices. HAG traded nearly 25 million shares, while KHG saw liquidity exceeding 31 million shares.
On the Hanoi Stock Exchange, the HNX-Index rose 1.26 points, or 0.47%, to 268.04, with 91 advancers and 55 decliners. Trading volume totaled 91.8 million shares worth VND1.82 trillion.
