A 5 Trillion VND Airline Company Booms in Profit: One Quarter’s Profit is Equal to the First Three Quarters, Stock Price Rises 32%

The Tan Son Nhat Airport Ground Service Corporation (SASCO) reported a strong financial performance in Q4 2025. Specifically, the net revenue for the period reached over 976 billion VND, up 24% year-on-year, with a gross profit margin improved to 71.6%, generating nearly 700 billion VND in gross profit. After expenses, SASCO’s net profit in Q4 was 367 billion VND, up 188% compared to the same period in 2024, exceeding the total profit of the first three quarters of 2025 combined. This growth was attributed to the gains from duty-free operations and cost control. Additionally, financial revenue surged by 187% to 138.6 billion VND, primarily due to dividends from investments. For the entire year of 2025, SASCO achieved a revenue of 3.315 trillion VND and a pre-tax profit of nearly 844 billion VND, indicating increases of 14% and 67% respectively compared to 2024. As of December 31, 2025, the company’s total assets reached 2.464 trillion VND. In the stock market, positive financial news led to a significant increase in SAS shares, which rose by about 32% from 31,000 VND to 40,900 VND per share.