HÀ NỘI — Vincom Retail is set to boost its financial performance after generating an estimated VNĐ1.9 trillion (US$72 million) from the recent divestment of Vincom Centre Nguyễn Chí Thanh, which concluded at the end of October. The transaction, valued at around VNĐ3.6 trillion, is expected to significantly strengthen the company’s results, with profits recorded in the fourth quarter of 2025.

According to a report from Baoviet Securities Corporation (BSC), Vincom Retail's third-quarter results demonstrated strong financial performance, with net revenue reaching over VNĐ2.25 trillion, up 8 per cent year-on-year.

The company's net profit after tax surged by 52 per cent to nearly VNĐ1.4 trillion during the same period. Despite the real estate segment contributing minimally to earnings, most of the profit growth was driven by robust operations in shopping centre management and increased financial revenues.

Income from shopping centre renting exceeded VNĐ2.12 trillion, up 7 per cent, accounting for 94 per cent of total revenue, bolstered by an improved occupancy rate which rose from 84.8 per cent to 87 per cent.

During this period, Vincom Retail also opened two new Vincom Mega Mall locations: Ocean City and Royal Islands, expanding its total retail floor area to 1.934 million square metres, a 6.8 per cent increase compared with the previous year.

Financial income for the quarter soared to VNĐ802 billion, a 109 per cent rise, largely due to interest income from deposits and cooperative investments.

For the first nine months of 2025, the company reported total net revenue of over VNĐ6.5 trillion, down 4 per cent from the previous year, achieving 69 per cent of its annual target. Profit after tax for the parent company reached nearly VNĐ3.8 trillion, up 26 per cent, or 81 per cent of the annual profit target.

BSC said that the sale of the 99.99 per cent stake in Vincom Centre Nguyễn Chí Thanh aligns with Vincom Retail's strategy to optimise operational efficiency and concentrate resources on key large-scale shopping centres with high potential. The divestment marks a significant strategic move, allowing the company to focus on expanding its flagship retail properties.

Vincom Retail is expected to maintain positive momentum in its 2026 financial outlook, with anticipated revenues of approximately VNĐ10.9 trillion, up 20 per cent year-on-year, and a projected net profit after tax of VNĐ5.4 trillion, up 21 per cent. This growth will be supported by the contribution from newly developed shophouse projects at Golden Avenue, while the Royal Islands project is expected to enhance profitability mainly from 2027 onwards. — BIZHUB/VNS