Hoa Sen Group (HSG) exceeds full-year profit target after nine months

Hoa Sen Group (HSG) exceeds full-year profit target after nine months

Consolidated after-tax profit is estimated at VNĐ568 billion, or 114 per cent of the annual profit target approved by shareholders under the company's first business scenario.

Hoa Sen Home -  a supermarket system for building materials and interior design under the Hoa Sen Group. — Photo courtesy of the firm

Hoa Sen Group (HOSE: HSG) has estimated that it exceeded its full-year profit target after the first nine months of the 2025–26 financial year, underscoring resilient business performance despite challenging market conditions.

The steelmaker estimated consolidated sales volume at 1.32 million tonnes during the nine-month period, equivalent to 75 per cent of its annual target. Consolidated revenue is projected at VNĐ27.36 trillion (US$1.05 billion), fulfilling 78 per cent of the full-year plan.

Consolidated after-tax profit is estimated at VNĐ568 billion, or 114 per cent of the annual profit target approved by shareholders under the company's first business scenario.

In the third quarter alone, Hoa Sen estimated sales volume of 461,739 tonnes, net revenue of VNĐ10 trillion and after-tax profit of VNĐ382 billion.

The strong earnings performance lifted the company's book value to around VNĐ14,700 per share, following a 30 per cent stock dividend distributed in May 2026.

Hoa Sen attributed the results to its flexible management strategy, with a focus on improving operational efficiency, optimising costs, tightening inventory management and adjusting production and business activities in line with market developments.

The company said the domestic market remained a key growth driver, supported by accelerated public investment, a gradual recovery in construction demand and its nationwide production and distribution network, which includes nine manufacturing plants and more than 400 branches and retail outlets.

At the same time, Hoa Sen continued to diversify its export markets, strengthen its competitiveness and proactively respond to rising trade protection measures in overseas markets.

Surpassing its full-year profit target after just nine months provides a solid foundation for the group to pursue stronger growth in the final quarter of the 2025–26 financial year. 

Bizhub