ANV – Update – Net profit breakthrough in 2025-26
Posted: Aug 25, 2025
- In 2Q25, ANV delivered a record-high quarterly net profit of VND333bn, driven by robust growth in processed fish exports (pangasius, tilapia), with the US, Brazil, and Mexico as the key contributors.
- For 2025, net profit is projected to surge more than 17x yoy, reflecting a strong recovery in pangasius products and the new growth momentum from tilapia in export markets, particularly the U.S., Brazil, and Mexico. In 2026, we expect net profit to expand by a further 15% yoy, supported by sustained demand and favorable pricing.
- Reiterate ADD with a target price of VND 33.000/share
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