According to the recently released financial report, in the second quarter of 2025, TRC's net revenue reached VND132 billion, up 46% year-on-year, despite a slight decrease compared to the previous quarter due to rubber prices starting to cool down from the end of March. Gross profit margin increased from 23.7% to 31.3%, reflecting efficiency in cost control and productivity improvement, although still lower than the peak in the fourth quarter of 2024 (50%) and the first quarter of 2025 (39%).
In the first 6 months of the year, TRC recorded VND358 billion in revenue, up 52%, and net profit reached VND105 billion, 3.7 times higher than the same period last year, completing 60% of the annual profit plan. According to the plan approved by the General Meeting of Shareholders, TRC aims to achieve at least VND563 billion in revenue and VND177 billion in after-tax profit in 2025.
The rubber market has been mixed since the beginning of the year. After peaking at over VND44 million/ton in March, latex prices gradually fell to VND35 million/ton in the second quarter. However, the medium and long-term forecast remains positive. A representative of the Vietnam Rubber Industry Group (HOSE: GVR) – TRC’s parent company – said that the market is entering a cycle of supply shortage, with a possible shortage of up to 2 million tons by 2028.
According to Mr. Truong Minh Trung - Deputy General Director of GVR, the group's average selling price in the first 6 months of the year remained around 50 million VND/ton, higher than in 2024. The average rubber price for the whole year of 2025 is forecast to fluctuate between 45-47 million VND/ton, higher than the 43 million VND/ton last year. "This year's rubber price will definitely not be lower than last year," Mr. Trung affirmed at the annual shareholders' meeting.
Along with the recovery of the latex market from the end of 2024, TRC shares recorded a significant increase. From the price range of VND 39,000/share in October 2024, this stock rose to nearly VND 90,000/share by the end of the second quarter of 2025, before adjusting to the VND 68,000/share range. Liquidity also skyrocketed, reaching an average of 180,000 shares/session, 15 times higher than the average level of many years.
As of the end of the second quarter, TRC's total assets reached VND2,270 billion, a slight increase compared to the beginning of the year. Thanks to improved cash flow, the company increased its cash balance to VND156 billion, nearly double that of the end of 2024, and at the same time paid off all long-term loans of VND33 billion, helping to make its financial structure healthier.
Notably, on July 10, TRC's Board of Directors approved the plan to pay 2024 cash dividends at a rate of 25% (equivalent to VND 2,500/share), with a total payment value estimated at VND 75 billion. The ex-dividend date is July 30 and the expected payment date is December 19, 2025.
Source: https://baodautu.vn/cao-su-tay-ninh-bao-lai-quy-ii-tang-172-hoan-thanh-60-ke-hoach-nam-d334437.html
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