Losing 147 billion VND in profit from affiliates, PAN Group "ran out of breath", quarterly profit decreased 22% compared to the same period

According to the published information, in the third quarter of 2025, PAN Group Corporation (stock code: PAN) had a net revenue increase of 1.1% compared to the same period last year, at VND 5,138 billion. The cost of goods sold increased less than the increase in revenue, so gross profit improved to VND 1,015 billion.

During the period, financial revenue decreased by 12% to VND 134.1 billion, financial expenses decreased by 48.9% to VND 124.15 billion, and sales and administrative expenses increased by 7.6% to VND 721.14 billion.

Pan Group focuses on developing high quality, traceable agriculture and food.

In the third quarter, the group no longer recorded profits from joint ventures and associates, while in the same period it recorded 147 billion VND. As a result, PAN Group reported a 22% decrease in after-tax profit to 266 billion VND.

Accumulated in the first 9 months of the year, PAN Group's consolidated net revenue reached nearly VND 13,285 billion, up 11% over the same period in 2024. Profit after tax increased slightly by 0.5% to VND 724 billion, net profit increased by 11% to nearly VND 403 billion in 9 months.

In 2025, PAN Group plans to have revenue of VND 17,256 billion, and profit after tax is expected to reach VND 1,210 billion. Thus, ending the first 9 months of 2025 with profit after tax reaching VND 724.3 billion, PAN Group has completed 59.9% of the yearly plan.

In terms of asset size, as of September 30, 2025, the total assets of PAN Group decreased by 25% compared to the beginning of the year to VND 17,886 billion. Of which, the main assets recorded VND 6,305.9 billion in cash and short-term financial investments, accounting for 35.3% of total assets.
In addition, the enterprise also owns 3,906 billion VND in fixed assets, accounting for 21.8% of total assets.

Inventories increased by 21.3% compared to the beginning of the year, to VND3,771 billion. Long-term unfinished assets increased by 29.8% compared to the beginning of the year, to VND234.7 billion.

Notably, during the period, the decrease in assets was mainly related to short-term financial investments, which decreased by 66.3% compared to the beginning of the year, equivalent to a decrease of VND 7,035.1 billion, to VND 3,569 billion.

As of the end of the third quarter of 2025, total short-term and long-term debt decreased by 45% compared to the beginning of the year to VND 6,412.28 billion and equal to 74.1% of total equity. In addition to actively repaying loans, the company also paid other short-term payables.

In addition to business results, in the first 9 months of 2025, PAN Group also recorded a positive main business cash flow of VND 5,576 billion compared to the same period of negative VND 4,176 billion. In addition, in the same period, investment cash flow was negative VND 72.89 billion and financial cash flow was negative VND 5,726 billion, mainly due to paying down debt.

PAN Group is associated with the name of Mr. Nguyen Duy Hung , known as the "boss" in the securities field and Chairman of the Board of Directors of both SSI Securities Corporation (SSI) and PAN Group.

Source: https://daibieunhandan.vn/mat-147-ty-dong-lai-tu-lien-ket-pan-group-hut-hoi-loi-nhuan-quy-giam-22-so-voi-cung-ky-10393118.html