Ho Chi Minh City-based brewer Sabeco, majority-owned by Thai Beverage, maker of Bia Saigon, reported a net profit of VND 2.05 trillion or US$78.41 million in the first half of 2025, down 12.5 percent year-on-year, The Investor has reported→view source.
Key reasons for decline include unfavourable Tet timing, rising market competition, and higher excise tax obligations from acquiring Sabibeco
Key details:
- H1 revenue: VND 12.62 trillion or US$482.69 million, down 17 percent year-on-year.
- Q2 revenue: VND 6.8 trillion or US$260.24 million, down 16 percent year-on-year.
- Q2 profit: VND 1.21 trillion or US$46.28 million, down 3.3 percent year-on-year.
- Full-year target progress: 40 percent of revenue and 42 percent of profit achieved by end-June.
- Assets: Total assets at VND 33.2 trillion or US$1.27 billion, slightly lower than start of year.
- Dividend payout: 30 percent cash dividend for 2024’s second tranche set for late July, totalling VND 3.9 trillion or US$149.17 million.
- Stock movement: SAB shares closed at VND 49,100 or US$1.88 on Friday, up 0.2 percent.
- Financial pressure: Weaker deposit interest income and increased acquisition-related costs.
See also: Vietnam’s Beer Industry 2025: Culture, Brands & Regulations