Hoa Sen Group (HSG) exceeds profit target for FY2024–25 with post-tax profit of VNĐ732 billion

Hoa Sen Group (HSG) exceeds profit target for FY2024–25 with post-tax profit of VNĐ732 billion

Hoa Sen Group demonstrated resilience through proactive and flexible management, enabling the company to stabilise operations and seize market opportunities. Photo courtesy of the firm

Despite ongoing global and domestic challenges, Hoa Sen Group (HSG) has posted impressive results for the 2024–2025 financial year, achieving 146 per cent of its profit target.

The global economy has continued to face headwinds, from slowing growth and geopolitical conflicts to rising protectionism and volatile raw material prices. These factors have disrupted global supply chains and created new trade barriers, particularly from major markets like the US, affecting the steel export sector.

Domestically, steel consumption has shown signs of recovery, supported by public investment, infrastructure development and a rebound in the property market. However, the sector still faces intense competition due to excess production capacity.

In this context, Hoa Sen Group has demonstrated resilience through proactive and flexible management, enabling the company to stabilise operations and seize market opportunities. 

By the end of the 2024–2025 financial year (from October 1, 2024 to September 30, 2025), HSG recorded consolidated output of 1.85 million tonnes, fulfilling 95 per cent of its plan. Consolidated revenue reached VNĐ36.5 trillion, or 96 per cent of the target, while post-tax profit stood at VNĐ732 billion, exceeding the set goal by 46 per cent.

The group also maintained a healthy financial structure, with its debt-to-equity ratio at just 0.39, reflecting strong capital management and prudent risk control.

Hoa Sen’s robust performance has been recognised by the business community. The company was recently named among Forbes Vietnam’s Top 50 Listed Companies 2025. In addition, the Ho Chi Minh Stock Exchange (HOSE) has included HSG in the new VN50 Growth Index, which tracks the performance of the 50 largest listed firms with the strongest business growth potential. The index will officially launch on November 3.

According to the company, these achievements uphold Hoa Sen Group’s sustainable growth, operational efficiency and attractiveness to investors amid challenging market conditions. The recognition also reflects HSG’s consistent strategy of efficiency-driven management, disciplined financial control and efforts to maintain its leadership in Việt Nam’s steel and coated steel markets. 

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