Southern Vietnam major Dong Nai Port posts record profit in 2025 on rising cargo volumes

Dong Nai Port JSC (HoSE: PDN), one of the leading port operators in Vietnam’s southeastern region, posted record earnings in 2025, bouyed by rising cargo volumes, favorable port infrastructure fee policies, and tighter cost control.

The Dong Nai province-headquartered company saw net profit rise 25.7% year-on-year to an all-thime high of VND436.5 billion ($16.62 million), translating into earnings per share of VND7,350 ($0.28). Net revenue increased 17.8% to VND1.58 trillion ($59.97 million).

In the fourth quarter of 2025 alone, revenue climbed 16.6% year-on-year to more than VND430 billion ($16.37 million), while gross profit reached VND153.5 billion ($5.84 million), with the gross margin at 35.6%.

The company said performance was supported by favorable port fee policies in Ho Chi Minh City, which helped boost barge operations linking Dong Nai with Cai Mep (port area in the former Ba Ria-Vung Tau province, now part of HCMC) and HCMC.

The rollout of E-port technology and investment in new equipment also helped lift container throughput by 3% and general cargo volumes by nearly 15% from a year earlier, it added.

Financial income surged 65.4% to VND16.8 billion ($639,630), largely driven by higher interest income on bank deposits. Financial expenses fell 22.5% to VND1.4 billion ($53,300) as outstanding borrowings declined. While selling expenses rose 25%, a 29.3% cut in administrative costs helped push Q4 net profit up 19.7% to VND103.9 billion ($3.96 million).

As of December 31, 2025, total assets stood at VND1.84 trillion ($70.17 million). Cash, cash equivalents, and short-term financial investments totalled nearly VND900 billion ($34.27 million), accounting for about 49% of assets and underscoring the company’s strong liquidity position.

Dong Nai Port provides stevedoring, warehousing, and cargo transport services for containers and general cargo.

Industrial developer Sonadezi (HoSe: SZC) is the parent company with a 51% stake, while Southern Waterborne Transport Corp (Sowatco) owns 20.25%.

PDN shares ended at VND112,800 ($4.29) each on Tuesday.