According to its Q4 financial statement, GVR posted net revenue of VND8.51 trillion ($327.9 million) in the quarter, down 8.6% year-on-year.

Administrative expenses surged 46.8% to VND1.23 trillion ($47.36 million) during the quarter, while selling and financial expenses both recorded double-digit declines.

GVR said the decline in Q4 consolidated net profit was mainly driven by lower rubber latex sales volumes and reduced income from rubberwood liquidation at its subsidiaries, which weighed on profits from its core rubber production and business activities.

Despite the weak Q4 performance, the group reported strong growth for the full year. For 2025, GVR recorded net revenue of VND28.94 trillion ($1.12 billion), up 10.3% from 2024.

Profit before tax rose 36% year-on-year to more than VND7.63 trillion ($294,03 million), while net profit increased 31.6% to over VND6.35 trillion ($244.9 million).

Based on its approved 2025 business plan, the company completed about 93% of its full-year revenue target and exceeded its pre-tax profit aim by more than 27%.

Shares of GVR closed Friday at VND39,850 ($1.54) apiece.