Vietnamese miner Vimico recorded third-quarter after-tax profit of more than VND1.036 trillion, nearly 75% higher than a year earlier, VnExpress reported from the company’s financial statements. The result averages more than VND11 billion per day across the quarter, with the core business providing the main growth driver.
Higher output and product prices
Quarterly revenue reached VND4.796 trillion, an increase of almost 24%. In an explanation submitted to the Hanoi Stock Exchange, the company attributed stronger sales to increases in both mining output and selling prices.
The reported price of raw gold sold by Vimico was about VND3.7 billion per kilogram, up 48% year on year. Silver sold for approximately VND53.6 million per kilogram, or 2.4 times the level in the third quarter of 2025.
Financial revenue rose to almost VND48 billion, nearly 23 times the previous year’s figure. Finance, selling and administrative expenses also declined.
Nine-month earnings and balance sheet
For the first nine months, revenue increased 35% to VND14.686 trillion. After-tax profit reached VND3.462 trillion, 2.5 times the corresponding 2025 result.
Total assets exceeded VND12.98 trillion at September 30, up 31% from year-end. Cash and bank deposits approached VND3 trillion, roughly three times their year-end level. Financial borrowings stood at VND1.447 trillion and equity at VND7.967 trillion.
Established in 1995, Vimico belongs to Vietnam National Coal–Mineral Industries Group and is listed in Hanoi. Its operations span geological surveys, exploration and extraction of minerals including gold, silver, copper, aluminium, iron and titanium.