Hoa Phat Delivers Robust Q1 Performance with EBITDA Reaching USD 121 per Ton

Hoa Phat Group reported a strong first quarter in 2025, underpinned by a sharp rebound in Vietnam’s domestic steel demand and improving profit margins. The company posted a consolidated EBITDA of VND 6,612 billion, translating to approximately USD 121 per ton based on its steel sales volume of 2.38 million tons.

This marks a significant improvement in profitability, driven by stable domestic steel prices and falling raw material costs, especially iron ore and coking coal. The group’s gross margin improved from 12% in Q4 2024 to 14% in Q1 2025, while net margins edged up to 9%.

Hoa Phat’s domestic-focused sales strategy paid off amid intensifying global trade barriers, as construction steel sales rose 25% year-on-year, with domestic volumes surging 51%. The newly operational Dung Quat 2 project also contributed to higher hot-rolled coil output, positioning the group for continued gains in the next quarter.

With Vietnam’s anti-dumping duties on Chinese HRC supporting local market stability, Hoa Phat’s outlook remains resilient amid a challenging global landscape.