HSG: Estimated accumulated profit after tax for 7 months of fiscal year 2024-2025 reached 460 billion VND, completing 92% of the set plan

On April 2, 2025, the United States announced reciprocal tariffs on countries around the world, including Vietnam. This action by the United States has had a profound impact on the world and Vietnamese stock markets. In that context, the prices of stocks on the Vietnamese stock market in general and stocks of Hoa Sen Group Joint Stock Company (HOSE: HSG) in particular have fallen below the intrinsic value as well as the book value of the Company, greatly affecting the legitimate interests of Shareholders.

Việt Nam•14/05/2025

Hoa Sen Group has just announced updated information on the Company's production and business activities:

Regarding export activities, since September 2024, the US Department of Commerce has initiated anti-dumping and anti-subsidy investigations on galvanized, cold-galvanized and color-coated steel products exported from Vietnam. Due to customers' cautious sentiment, Hoa Sen Group's export activities to the United States have been temporarily interrupted since September 2024. However, Hoa Sen Group continues to promote its core competitive advantages, continue to seek and expand new potential and developing export markets, diversifying export products to more than 90 other countries and territories. At the same time, with the advantage of owning a Hoa Sen Home construction materials and interior supermarket system with more than 400 stores in 63 provinces and cities, ensuring the supply of products to consumers, Hoa Sen Group has also promoted the consumption of products in the domestic market.

Thanks to Hoa Sen Group's outstanding flexibility and adaptability to unpredictable market fluctuations, the cumulative business results for the first 6 months of the 2024-2025 fiscal year are very positive as follows:

In terms of market share, according to the report of the Vietnam Steel Association, Hoa Sen Group continues to be the company with the leading market share in Vietnam in the galvanized steel segment (29%) and second in the steel pipe segment (15%).
Regarding business results, consolidated output reached 946,648 tons, completing 49% of the plan; consolidated revenue reached VND 18,674 billion, completing 53% of the plan; consolidated profit after tax reached VND 371 billion, completing 74% of the profit plan set out in the high option as follows:

STT	Target	Unit	Accumulated 6 months of fiscal year 2024-2025	NDTC Plan 2024-2025 (high PA)	Proportion complete plan
1	Output	Ton	946,648	1,950,000	49%
2	Net revenue	Billion VND	18,674	38,000	53%
3	Profit after tax	Billion VND	371	500	74%

In addition, in the first 6 months of the 2024-2025 fiscal year, Hoa Sen Group also recorded a positive cash flow from business operations of nearly VND 2,030 billion, helping the Company ensure finances, proactively pay off debts, and increase financial safety ratios; thereby continuing to enhance the Company's reputation with banks and partners, proactively developing the Hoa Sen Home system in the medium and long term, creating a premise for sustainable growth in the long term.

Despite the temporary suspension of export activities to the United States for 6 months from September 2024, positive business results in the first 6 months of FY 2024-2025 show that Hoa Sen Group has outstanding ability to adapt to market fluctuations, and the US tariff policy does not affect Hoa Sen Group's business activities .

At the end of April 2025, Hoa Sen Group continued to record positive business results. Estimated business results for April 2025 are as follows:

STT	Target	Unit	Accumulated 6 months of fiscal year 2024-2025	Estimated business results for April 2025	Cumulative estimate for 7 months of fiscal year 2024-2025	NDTC Plan 2024-2025 (high PA)	Estimated completion rate of the plan
1	Output	Ton	946,648	161,555	1,108,203	1,950,000	57%
2	Net revenue	Billion VND	18,674	3,265	21,939	38,000	58%
3	Profit after tax	Billion VND	371	89	460	500	92%

Thus, the cumulative estimate for 7 months of FY2024-2025 is that HSG has completed 57% of the output plan; 58% of the revenue plan and 92% of the after-tax profit plan according to the high option. The fact that the after-tax profit is almost completed earlier than the output and net revenue shows that Hoa Sen Group is operating with a higher profit margin than planned, demonstrating the ability to improve the Company's operating efficiency.

With the above positive business results, Hoa Sen Group expects to exceed the business targets of the 2024-2025 fiscal year according to the high plan approved by the General Meeting of Shareholders.

See more : HSG – CBTT Update on business performance of Hoa Sen Group Joint Stock Company

Hoa Sen Group

Source: https://hoasengroup.vn/vi/bai-viet/hsg-loi-nhuan-sau-thue-uoc-luy-ke-07-thang-ndtc-2024-2025-dat-460-ty-dong-hoan-thanh-92-ke-hoach-de-ra/