LIX Detergent: Q3 Revenue Up 9% but Net Profit Declines, Lowers Annual Profit Target

In Q3 2025, LIX reported a revenue of 780.6 billion VND, up 8.8% year-on-year. However, net profit fell 8.3% to 45.5 billion VND due to rising selling costs and cost of goods sold. For the first nine months, revenue was 2,158.7 billion VND, a slight decrease, but net profit after tax rose to 140.5 billion VND, nearly unchanged. Although achieving 71.5% of the annual profit target, LIX forecasts a full-year pre-tax profit of only 210 billion VND, below initial expectations. For Q4, LIX aims for revenue of 915 billion VND, but pre-tax profit is expected to decline by 54% to 37 billion VND. Financially, LIX is stable with total assets near 1,482.4 billion VND, but liabilities have increased. LIX shares have seen a decline after rising sharply in mid-August, currently trading at 33,000-34,000 VND per share.