strong business results, successfully completing its full-year profit target ahead of schedule.

 

According to the company’s recently released financial report, GELEX Electric recorded consolidated net revenue of over VND 6,444 billion in Q3 2025, up 14.7% year-on-year. Of this, sales of finished products accounted for 97%, reaching VND 6,246 billion, a 15% increase compared to the same period last year.

Consolidated pre-tax profit for Q3 2025 reached VND 2,202 billion, representing an impressive 317% increase year-on-year. This growth was driven by the strong performance of core business segments, tighter cost management and production efficiency, which helped improve the gross profit margin, along with additional contributions from investment restructuring.

For the first nine months of 2025, GELEX Electric achieved VND 18,235 billion in revenue, up 25% from the same period in 2024, and VND 3,532 billion in pre-tax profit, an increase of 162%. The pre-tax profit from core business operations reached VND 2,059 billion, up 93% compared to VND 1,067 billion in the same period last year.

As of the end of Q3 2025, the company had fulfilled 76.6% of its annual revenue plan and exceeded its full-year pre-tax profit target, reaching 101% of the plan.

GELEX Electric currently owns 9 subsidiaries, providing a comprehensive range of products across the entire electricity value chain, from transmission to distribution and household applications.

The positive results were largely driven by key subsidiaries such as CADIVI (electric cables), THIBIDI (transformers), and EMIC (electric meters). These companies have maintained a strong focus on core business areas, adapted sales policies to market dynamics, and accelerated R&D for new products. Cost optimization and the integration of technology in management, operations, and production have also contributed to improved efficiency.

As of September 30, 2025, GELEX Electric’s total assets reached VND 15,141 billion, up 17% from the beginning of the year, mainly due to a 49% increase in current assets. Cash and cash equivalents stood at VND 835 billion, up 21%.

Financial indicators such as the debt ratio and debt-to-equity ratio remained at safe levels, consistent with previous periods. The company’s strong operational and management performance continues to reinforce investor confidence in GELEX Electric.

Looking ahead, the company is guiding its subsidiaries to accelerate production of high value-added, environmentally friendly electrical equipment to serve smart grid development, and to pursue R&D collaborations for advanced products such as flame-retardant cables, fire protection materials, and security and monitoring devices.

PR DEPARTMENT