Phat Dat’s Q3 2025 Revenue Up 195 Times Year-on-Year, Driven by Quy Nhon Iconic and Ky Dong Projects (HCM City)

Phat Dat Real Estate Development Joint Stock Company (PDR) announced its Q3 2025 revenue at VND 506 billion, a staggering 195 times higher than the same period last year. The revenue surge mainly stemmed from the sales of the Quy Nhon Iconic project and the Ky Dong project in Ho Chi Minh City. Net profit reached VND 85.8 billion, rising by 68%. Cumulatively, for the first nine months, total revenue reached VND 964.4 billion and net profit VND 201.3 billion, both showing significant increases compared to last year. The company reported a positive cash flow from operations of VND 90.8 billion, indicating strong financial health. As of September 30, 2025, total assets amounted to VND 24.245 trillion, with liabilities reduced to VND 12.305 trillion. Phat Dat restructured its investment portfolio and established Thuận An High Rise Real Estate Co., expanding into high-rise urban development. The company aims to accelerate the progress of key projects and bolster cash flow in Q4.