Hoa Phat Agriculture officially submits IPO documents

On the afternoon of September 16, 2025, Hoa Phat Agricultural Development Joint Stock Company (HPA), a subsidiary of Hoa Phat Group, officially submitted its initial public offering (IPO) documents to the State Securities Commission. The IPO brings a new investment opportunity to investors in the Vietnamese stock market, while spreading the positive values ​​that Hoa Phat Agriculture has built over the years.

Hoa Phat animal feed is in the Top 13 in market share nationwide.

According to the management, the valuation principle is not lower than the book value per share. Based on the financial report as of June 30, 2025, HPA's book value is VND 11,887/share.

HPA is expected to offer up to 30 million shares to investors. The capital raised will be prioritized for investing in farms, animal feed factories, and supplementing working capital for business operations. Capital from the IPO is also aimed at expanding production scale, optimizing the supply chain, and investing in the Central - Southern region. According to the plan, Hoa Phat Agriculture will list its shares on the Ho Chi Minh City Stock Exchange as early as December 2025 with the expected code HPA.

Hoa Phat Poultry leads the market share in the North with an output of nearly 1 million eggs/day.

In terms of business results, Hoa Phat Agriculture always has the second largest contribution to Hoa Phat Group after the core steel sector. Net revenue in 2024 reached 7,084 billion VND, an increase of 12.2% compared to 2023. In the first 6 months of 2025, the Company recorded 4,325 billion VND in revenue, a sharp increase over the same period and equal to 61% of the whole year 2024.

Hoa Phat Pig has a modern farm system with a scale of over 600,000 pigs/year.

The Company's gross profit will grow dramatically in the period 2023 - 2025. In 2024, it will reach VND 1,462 billion, an increase of 169% compared to 2023 (VND 544 billion). In the first 6 months of 2025, HPA recorded VND 1,206 billion in gross profit, equivalent to 83% of the whole year of 2024. This helps the Company achieve a skyrocketing profit after tax of VND 939 billion after the first 6 months of the year, 2.3 times higher than the same period in 2024. It is expected that HPA's net profit in 2025 will reach about VND 1,600 billion, equivalent to EPS of ~ VND 6,274.

Hoa Phat leads the Australian beef market share in Vietnam

Hoa Phat started participating in the agricultural sector since 2015. Hoa Phat Agricultural Development Joint Stock Company is the legal entity that controls and manages the investment, production and business activities in the agricultural sector of Hoa Phat Group.

After 10 years of development, Hoa Phat has affirmed its leading position in the Vietnamese agricultural industry with a system of factories and farms across the country. Animal feed is in the Top 13 largest manufacturing enterprises, leading the Australian beef market share; Top 1 market share of chicken eggs in the North with an output of nearly 1 million eggs/day. The company currently owns a modern, closed-loop pig farm system with the largest scale in Vietnam with a capacity of over 600,000 pigs/year.

Source: https://www.hoaphat.com.vn/tin-tuc/nong-nghiep-hoa-phat-chinh-thuc-nop-ho-so-ipo.html