Report

BMP and NTP: Q3-2025 Business Results Update

• Revenue: Revenue of BMP and NTP reached 1.532 trillion VND (+9% YoY; +17% QoQ) and 1.609 trillion VND (+34% YoY; -19% QoQ), respectively, both at high levels for the period from 2019 to 2025. BMP's positive revenue growth compared to NTP is mainly supported by the southern consumption market (BMP's main market) recovering better than the northern market (NTP's main market) due to the impact of storms and rains.
• Gross profit: BMP and NTP's gross profits remained high thanks to low plastic resin costs, reaching 734 billion VND (+21% YoY, +48% QoQ) and 500 billion VND (+46% YoY, -22% QoQ), respectively.
• Discount policy: BMP significantly increased sales discounts, while NTP showed no significant changes.
• Net profit: BMP and NTP recorded historically high net profits, reaching 350 billion VND (+21% YoY; +6.3% QoQ) and 257 billion VND (+18.5% YoY; -19.6% QoQ), respectively.
• Financial structure: In general, the financial structure of both BMP and NTP is strong, with high cash reserves and low debt-to-equity ratios
Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Duong Tran

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