Q3/2025 Business Results: Bright Profit Picture

Many businesses have announced their third quarter 2025 financial reports or estimated positive business results, showing bright prospects in the profit picture of this business period.

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

Bright spot in profits from securities and finance group

Compared to listed companies, securities companies are often the first group to announce financial reports. In the third quarter of 2025, a number of securities companies reported bright business results in the context of a very favorable market in the recent period.

VIX Securities Joint Stock Company recorded extraordinary business in the third quarter of 2025, with after-tax profit reaching VND2,449 billion, 9 times higher than the same period last year. This is the highest quarterly profit in VIX's history, surpassing the highest annual profit ever.

Proprietary trading is the driving force behind the huge profit figures mentioned above for VIX, as profits from financial assets recorded through profit and loss (FVTPL) in the third quarter of 2025 brought in VND 3,221 billion, 5.8 times higher than the same period in 2024, thanks to the strong growth of the stock market.

For MB Securities Joint Stock Company (MBS), the third quarter profit of 2025 according to the financial report reached 332.6 billion VND, an increase of 86% over the same period last year.

Meanwhile, VPBankS Securities Joint Stock Company reported a 595% increase in profit over the same period, reaching VND1,892 billion in the third quarter of this year. VPBankS said that this quarter marked a breakthrough development step for the Company when it continuously launched many products to attract customers, helping brokerage market share and margin debt increase sharply (debt debt nearly doubled compared to the same period last year). As a result, revenue from these two activities increased accordingly; investment consulting and securities trading activities also had positive results.

Bloomberg data compiled based on market analysts’ assessments show that 2025 profit expectations have been significantly revised up, after businesses announced their second-quarter business results. Accordingly, the expected EPS (earnings per share) for 2025 has increased from 20% year-on-year (mid-year estimate) to 29%, reflecting a strong improvement in profit prospects amid a more positive business performance than forecast.

In the banking group, although there are no detailed results yet, estimates show 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 the third quarter of 2025, with pre-tax profit estimated at VND 11,876 billion, up 11% year-on-year, completing 77% of the plan based on the expectation of credit growth at the end of the quarter reaching 11%, up 82 basis points year-on-year due to increased lending.

VietinBank is also expected to achieve about VND9,500 billion in pre-tax profit in the third quarter, up 44.8% over the same period last year, and accumulated pre-tax profit in the first 9 months of the year reached about VND28,400 billion, up 45.6% over the same period and completing 75% of the yearly plan.

This figure is estimated based on the forecast of loan growth in the third quarter of 2025 of about 5%, thereby raising the credit growth rate by the end of September 2025 to more than 15%. It is expected that VietinBank will be granted about 3% more credit room for the last quarter of 2025 and the expected credit growth rate for the whole year will be about 18%.

Manufacturing enterprises simultaneously reported profits exceeding plans.

Not only the finance and securities group, manufacturing enterprises are also showing positive profit figures in the recent business period, demonstrating a favorable business environment.

At the Conference on the review of production and business situation in the first 9 months of the year, Vietnam Rubber Industry Group (VRG - code GVR) - a company with shares in the VN30 group, said that by September 30, 2025, the consolidated revenue is estimated to reach VND 23,617 billion, equal to 76.1% of the yearly plan, up 27.2% over the same period in 2024. Pre-tax profit reached VND 6,256 billion, completing 107.1% of the yearly plan, up nearly 95% over the same period. After-tax profit reached VND 5,312 billion, completing 106.8% of the yearly plan, up 96.4% over the same period.

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

In the group of food production enterprises, at the regular meeting to evaluate business results in the third quarter and the first 9 months of the year, the leader of Dabaco Group (code DBC) said that the Group's after-tax profit in the third quarter of 2025 is estimated at 342 billion VND, the total after-tax profit in the first 9 months is estimated at 1,357 billion VND, 2.5 times higher than the same period and exceeding about 35% of the yearly plan.

Many other large enterprises such as Ca Mau Petroleum Fertilizer Joint Stock Company (Ca Mau Fertilizer - code DCM), PetroVietnam Transportation Joint Stock Corporation (PVTrans - code PVT), Gelex Electricity Joint Stock Company (code GEE) also announced positive profit growth figures in the third quarter, as well as the first 9 months of 2020.

During this period, in addition to positive macro indicators and recent information on upgrading the stock market, third quarter business results are considered one of the important driving forces to help the market improve.

The third quarter of 2025 is a colorful period for announcing business results. Enterprises are expected to achieve good results from the "resonance" of the macro policy foundation and the recovery cycle. Besides finance and securities, many other industries, such as retail - consumption, construction - public investment, or oil and gas - electricity - steel, are also forecast to have positive results.

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