Baf Vietnam Agricultural Joint Stock Company (MCK: BAF) announced its Q3/2025 financial report showing a 13.5% revenue decline compared to last year, totaling VND 1,136.3 billion, despite an 18.4% increase in gross profit to VND 263.9 billion. Financial revenue increased by 26.8%, but financial costs and selling expenses rose significantly. Ultimately, Baf reported a net profit of around VND 22.5 billion, down by 63% year-on-year. The primary reasons cited include the drop in pork prices during the quarter and the impact of natural disasters, which increased transport costs and affected supply. The company is expanding operations with new projects, leading to a faster rise in administrative costs than revenue. Cumulatively, for the first 9 months of the year, revenue reached VND 3,646.7 billion, a 7.1% decrease year-on-year, while net profit was approximately VND 365.3 billion, up 70.2%. Baf has set sales and profit targets for 2025, achieving 65.1% of the revenue plan and 57.2% of the profit plan for the first three quarters of the year. Total assets rose to VND 9,606.3 billion.
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