Sabeco’s Company Shocks: Just Increased Profit by 800% in Q3, Unexpectedly Reports Loss in Q4

CTCP Bia Sài Gòn – Bạc Liêu (SBL) recently reported a net loss of over 1.3 billion VND in Q4 2025, marking the company’s worst loss in over two years. In Q3, the company recorded a net profit of 2.2 billion VND, an 837% increase despite losses in the first half of the year. Q4’s net revenue dropped by 21% to below 35 billion VND, and the gross profit margin decreased from 12.5% to 7.6%, alongside a 33% increase in management costs. Revenue heavily depends on Sabeco, contributing 95% of total sales. For the entire year, revenue fell 17% to nearly 116 billion VND, net profit dropped 67%, but was 30 times above the very low target profit of only 16 million VND. Financially, short-term debt decreased by 65%, with about 55 billion VND in cash available. The stock market reacted mixed, with SBL’s share price rising 1.6%, but liquidity remains low.