Hoa Phat's nine-month after-tax profit reaches VND 23,746 billion, beating annual target by 8%

In the third quarter of 2026, Hoa Phat Group posted revenue of VND 62,669 billion, up 70% from the third quarter of 2025. Profit after tax reached VND 8,265 billion, up 106% year-on-year. For the first nine months of 2026, the Group's revenue and profit after tax totalled VND 171,539 billion and VND 23,746 billion, respectively, up 54% and 104% from the same period of 2025.

For 2026, Hoa Phat Group has set targets of VND 210,000 billion in revenue and VND 22,000 billion in profit after tax. With these results, Hoa Phat has achieved 82% of its full-year revenue target and 108% of its profit target. The steel segment contributed 97% of revenue and 77% of profit. In the first nine months, the Group paid VND 12,038 billion to the state budget across 20 provinces and cities nationwide.

In Q3 2026, Hoa Phat Group produced 3.7 million tonnes of crude steel, up 3% quarter-on-quarter and 85% year-on-year. Sales of construction steel, high-quality steel wire rod, hot-rolled coil and billets reached 3.8 million tonnes, up 8% from Q2 and 54% from Q3 2025. Hot-rolled coil (HRC) accounted for the largest volume, exceeding 2 million tonnes in Q3, up 8% from Q2 and 64% year-on-year.

In the first nine months of 2026, Hoa Phat produced 10.7 million tonnes of crude steel, up 35% from the same period of 2025. Sales of HRC, construction steel, high-quality steel wire rod and billets reached 10.3 million tonnes, up 39% year-on-year. HRC sales reached 5.47 million tonnes, up 59%, accounting for more than half of Hoa Phat's total steel sales volume.

In downstream steel products, the Group's steel pipe volume reached 681,000 tonnes, up 9%; coated steel sheets exceeded 307,000 tonnes, down 4%; and prestressed steel exceeded 192,000 tonnes, up 66% from the same period of 2025.

Agriculture remained the Group's second-largest contributor to revenue and profit, after steel manufacturing and trading. Hoa Phat Agriculture supplied 365,000 pigs and more than 274,000 tonnes of animal feed. Of this, more than 143,000 tonnes of feed were distributed to the market, up nearly 11%, with the remainder supplied to the Group's own farms. Chicken egg output in the first nine months reached nearly 258 million eggs, up nearly 3% year-on-year.

In real estate, the Group is investing in infrastructure for new industrial parks, including Hoang Dieu (Hai Phong), Dong Phuc (Bac Ninh), Industrial Park No. 2 and Industrial Park No. 6 (Hung Yen), as well as the Yen My II Industrial Park social housing project in Hung Yen. The refrigeration and household appliances segment delivered positive results, stepping up in-house production and new product development while expanding distribution channels and export markets. The refrigeration business alone exceeded its full-year plan after nine months.

Hoa Phat Group is the largest steel producer in Southeast Asia, with a capacity of 16 million tonnes per year, mainly hot-rolled coil and high-quality steel. Hoa Phat is currently accelerating the Hoa Phat Dung Quat Rail and Special Steel Plant project, with a capacity of 700,000 tonnes per year. The project is more than 80% complete and is expected to supply rails to the market from Q2 2027, serving key infrastructure projects in Vietnam.