Path to HoSE for the “giant” in galvanized steel: Holding over 3.2 trillion VND in cash, Q3 profit increases 58%

Ton Dong A submitted its listing application to HoSE on December 2, 2025, after the General Meeting approved the plan to transfer from UPCoM to HoSE last October. In Q3/2025, the company recorded revenue of 3.68 trillion VND, down 29% but net profit surged by 58% to 85 billion VND due to significant cost reductions in selling expenses. For the first nine months, revenue reached 11.914 trillion VND and net profit was 235 billion VND, achieving 66% of the revenue target and 78% of the profit target. Ton Dong A holds a significant market share in the galvanized steel industry and is investing in the Phu My galvanized steel mill project worth 7 trillion VND. As of September 30, 2025, the company had 3.278 trillion VND in cash, while total liabilities reached 7.651 trillion VND.