Sai Gon Mien Trung Beer (SMB) Q3 2026 earnings summary

Executive summary

• Q3 2026 net profit fell 23.28% YoY, down VND 12.48bn, as sales volume declined and input costs including fuel and raw materials increased.

• 9M revenue increased YoY, while 9M net profit was lower than the prior-year period.

Financial highlights

• Q3 revenue VND 356.06bn vs VND 342.80bn YoY; gross profit VND 105.23bn vs VND 103.00bn.

• Q3 operating profit VND 51.28bn vs VND 66.81bn; pretax profit VND 51.43bn vs VND 67.03bn; net profit VND 41.14bn vs VND 53.62bn.

• 9M revenue VND 1,000.85bn vs VND 948.30bn; operating profit VND 139.07bn vs VND 155.82bn; net profit VND 112.36bn vs VND 124.69bn.

• Q3 selling expenses rose to VND 33.32bn from VND 18.43bn YoY; administrative expenses increased to VND 25.67bn from VND 22.40bn.

Segment performance

• Beer production and sales are the primary business; other activities include purified water and beverages, and investment property leasing and holding.

• Export revenue was an insignificant share of total revenue; reported activity primarily reflected operations in Vietnam.