Vietnam-based steel producer Hoa Phat Group has announced its financial results for the fourth quarter and the full year of 2025.
In the fourth quarter, Hoa Phat Group achieved a net profit of VND 3.88 trillion ($149.38 million), up by 29 percent year on year, while the company’s sales revenue totaled VND 47.33 trillion ($1.82 billion), increasing by 34 percent year on year.
In 2025, Hoa Phat’s sales revenues came to nearly VND 158.33 trillion ($6.1 billion), up 13 percent year on year, reaching 93 percent of its annual plan, while its net profit totaled VND 15.51 trillion ($597.61 million), increasing by 29 percent year on year and exceeding its annual target by three percent.
In the given year, the company produced 11 million mt of crude steel, up by 26 percent year on year, while its output of HRC, construction steel, high-quality steel and steel billets reached 10.6 million mt, up by 31 percent year on year. Of this, HRC accounted for five million mt, increasing by 73 percent compared to 2024. The sharp increase in HRC output was partly driven by the completion of the Hoa Phat Dung Quat 2 integrated steel complex, which began delivering products from September 2025.
The company is accelerating the construction of a rail steel and special steel plant in Dung Quat. The facility is expected to begin producing rail steel in 2027, supplying major national railway projects and exporting to international markets.
