Q3/2025 Business Results: A Bright Profit Outlook

Many businesses have released their Q3 2025 financial reports or estimated business results, showing a bright outlook for profits this business period.

Several securities companies reported positive business results in the third quarter of 2025. Photo: Dung Minh

The securities and finance sector is a bright spot in terms of profits.

Compared to listed companies, securities firms are usually the first to announce their financial reports. In the third quarter of 2025, several securities firms reported positive business results amidst a very favorable market environment.

VIX Securities Joint Stock Company recorded a remarkable performance in the third quarter of 2025, with after-tax profit reaching VND 2,449 billion, nine times higher than the same period last year. This is the highest quarterly profit in VIX's history, surpassing even its highest annual profit to date.

Proprietary trading was the driving force behind VIX's massive profit, with profits from financial assets recognized through profit and loss (FVTPL) in Q3/2025 reaching VND 3,221 billion, 5.8 times higher than the same period in 2024, thanks to the strong growth of the stock market.

According to the financial report, MB Securities Joint Stock Company (MBS) recorded a profit of VND 332.6 billion in the third quarter of 2025, an increase of 86% compared to the same period last year.

Meanwhile, VPBank Securities Joint Stock Company reported a 595% increase in profit compared to the same period last year, reaching VND 1,892 billion in the third quarter of this year. VPBank stated that this quarter marked a significant leap forward for the company as it continuously launched many attractive products, leading to a strong increase in brokerage market share and margin loan balance (loan balance nearly doubled compared to the same period last year). As a result, revenue from these two activities increased correspondingly; investment advisory and securities trading activities also yielded positive results.

Aggregate data from Bloomberg, based on market analysts' assessments, shows that profit expectations for 2025 have been significantly revised upwards following the release of second-quarter earnings results. Specifically, the expected EPS (earnings per share) for 2025 has risen from a 20% year-on-year (mid-year estimate) to 29%, reflecting a strong improvement in profit prospects amid better-than-expected actual business performance.

In the banking sector, although detailed results are not yet available, estimates suggest that business in the third quarter will accelerate compared to the first half of 2025.

According to MBS's forecast, Vietcombank will continue to lead the banking system in terms of profit in Q3/2025, with estimated pre-tax profit reaching VND 11,876 billion, an 11% increase compared to the same period last year, completing 77% of the set plan based on the expectation of credit growth at the end of the quarter reaching 11%, an increase of 82 basis points compared to the same period last year due to increased lending.

VietinBank is also expected to achieve approximately VND 9,500 billion in pre-tax profit in the third quarter, a 44.8% increase compared to the same period last year, and cumulative pre-tax profit for the first nine months of the year is expected to reach approximately VND 28,400 billion, a 45.6% increase compared to the same period and completing 75% of the full-year plan.

This figure is based on a projected loan growth of approximately 5% in the third quarter of 2025, thereby raising credit growth to over 15% by the end of September 2025. VietinBank is expected to receive an additional 3% increase in its credit limit for the last quarter of 2025, with projected credit growth for the entire year at around 18%.

Manufacturing businesses are reporting profits exceeding targets across the board.

Not only the finance and securities sector, but also manufacturing businesses are successively reporting positive profit figures in the recent business period, demonstrating a favorable business environment.

At the conference summarizing the production and business situation in the first nine months of the year, Vietnam Rubber Industry Group (VRG - ticker GVR) - a company whose shares are in the VN30 group - announced that by September 30, 2025, consolidated revenue is estimated to reach VND 23,617 billion, equivalent to 76.1% of the annual plan, an increase of 27.2% compared to the same period in 2024. Pre-tax profit reached VND 6,256 billion, completing 107.1% of the annual plan, an increase of nearly 95% compared to the same period. After- tax profit reached VND 5,312 billion, completing 106.8% of the annual plan, an increase of 96.4% compared to the same period.

VRG aims to exceed its current targets for the remainder of the year. Accordingly, consolidated revenue for the whole year is estimated at VND 32,646 billion, exceeding the plan by 5.2% and increasing by 13.6% compared to 2024; pre-tax profit is estimated at VND 8,379 billion, exceeding the plan by 43.5% and increasing by 49.5% compared to 2024.

In the food manufacturing sector, at the regular meeting to review business results for the third quarter and the first nine months of the year, the leaders of Dabaco Group (code DBC) stated that the Group's after-tax profit for the third quarter of 2025 is estimated at VND 342 billion, and the total after-tax profit for the first nine months is estimated at VND 1,357 billion, 2.5 times higher than the same period last year and exceeding the annual plan by approximately 35%.

Many other large enterprises such as Ca Mau Petroleum Fertilizer Joint Stock Company (Dam Ca Mau - code DCM), PetroVietnam Transportation Joint Stock Corporation (PVTrans - code PVT), and Gelex Power Joint Stock Company (code GEE) also announced positive profit growth figures in the third quarter, as well as the first nine months of 2025.

During this period, in addition to positive macroeconomic indicators and recent news of the stock market upgrade, third-quarter business results are considered one of the important drivers helping the market improve.

The third quarter of 2025 is expected to be a colorful period for business results announcements. Businesses are expected to achieve good results thanks to the combined effect of favorable macroeconomic policies and the recovery cycle. Besides finance and securities, many other sectors, such as retail and consumer goods, construction and public investment, and oil and gas, electricity, and steel, are also projected to have positive results.

Source: https://baodautu.vn/ket-qua-kinh-doanh-quy-iii2025-buc-tranh-loi-nhuan-tuoi-sang-d412682.html