Hoa Binh Construction Group's financial revenue in the third quarter of 2025 increased sharply

Hoa Binh Construction Group announced its business results for the third quarter of 2025 with positive signals, marking an important step in the restructuring and recovery journey.

In the third quarter of 2025, the Group recorded net revenue of more than VND 1,122 billion, an increase of 15% over the same period in 2024. Construction activities continued to play a key role, helping gross profit increase by 10% to VND 66.8 billion, although profit margin remained stable.

The highlight of this period is that financial revenue increased sharply by more than 1,100%, reaching 229.5 billion VND, mainly from the late payment interest recorded according to the court's decision. This is the result of persistent efforts in debt collection, while affirming Hoa Binh 's professional construction management capacity with a very complete legal profile.

Thanks to the sudden increase in financial revenue and other income, the profit after tax in the third quarter of 2025 reached VND 188.3 billion, an increase of 138% over the same period in 2024. This result reflects the right steps in the comprehensive restructuring strategy that Hoa Binh is implementing.

Hoa Binh Construction recorded positive business results in the third quarter of 2025. Photo: HBC.

A representative of Hoa Binh's Board of Directors shared: "The difficulties in the past time mainly stemmed from objective factors - those are the unavoidable risks from the COVID-19 pandemic that seriously affected Hoa Binh because the Group's key areas are tourism and real estate. With the spirit of sharing difficulties with investors and social responsibility with a workforce of over 30,000 people, Hoa Binh has made efforts to maintain construction activities throughout the pandemic. The results of the third quarter show that these efforts are gradually being rewarded."

In fact, the recognition of a large financial revenue from the court's judgment not only significantly improved the financial situation but also created momentum for Hoa Binh to accelerate important restructuring activities. The company is actively implementing a comprehensive restructuring project with key activities including continuing to divest ineffective investments to improve cash flow, negotiating with suppliers and subcontractors on a debt-to-equity swap plan to reduce financial pressure.

Regarding core business activities, although revenue in 2025 is expected to be lower than the original plan because most of the projects have only started implementation in the third and fourth quarters, Hoa Binh still maintains the capacity to implement large projects with high quality. The value of output signed but not yet implemented for 2026 (backlog in 2026) of Hoa Binh is currently quite large (over 10,000 billion VND).

Hoa Binh continues to affirm its pioneering position in applying technology to management and construction (BIM, PMS...), maintaining a centralized management system. The company is also trusted by BIDV , VietinBank, SeABank, MSB, TPBank, VPBank, maintaining and extending important credit limits.

Looking to the future, with positive results in the third quarter, the Board of Directors and a team of experienced engineers and experts with a corporate culture that emphasizes integrity and the spirit of overcoming difficulties, Hoa Binh is ready for a new growth phase, continuing to effectively contribute to the overall development of the country.

Source: https://nongnghiepmoitruong.vn/tap-doan-xay-dung-hoa-binh-doanh-thu-tai-chinh-quy-iii-2025-tang-manh-d781560.html