---
title: Sabeco Posts 3,761 Billion in 9M, Plans 30% Dividend
description: Sabeco reports 9M 2026 net profit of VND 3,761 billion and announces an interim cash dividend plan of 30 percent, scheduled for distribution in February 2027.
url: https://ginity.vn/en/blog/sabeco-9-month-profit-reaches-3761-billion-pays-30-percent-dividend
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language: en
datePublished: 2026-10-31T00:00:00+07:00
dateModified: 2026-10-31T00:00:00+07:00
author:
  name: Gini
  url: https://ginity.vn/en/authors/gini
reviewer: Ginity Editorial Desk
analyst:
  name: Đào Ngọc Bảo Linh
  role: Finance and securities specialist
  location: Ho Chi Minh City
  telephone: "+84932439639"
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desk:
  id: equity
  name: Companies & sectors
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tickers:
  - SAB
sources: []
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disclaimer: "Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources."
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---

# Sabeco Posts 3,761 Billion in 9M, Plans 30% Dividend

> Sabeco reports 9M 2026 net profit of VND 3,761 billion and announces an interim cash dividend plan of 30 percent, scheduled for distribution in February 2027.

Gini · Companies & sectors · 2026-10-31 · https://ginity.vn/en/blog/sabeco-9-month-profit-reaches-3761-billion-pays-30-percent-dividend

_Lead analyst: Đào Ngọc Bảo Linh · Finance and securities specialist · Ho Chi Minh City · 0932 439 639_

## Key takeaways

- Cumulative net profit for the first 9 months reached VND 3,761 billion, up 8.9% year-on-year.
- Gross profit margin expanded to 38.0% across 9M as cost of goods sold increased by just 0.56%.
- The Board approved an interim cash dividend plan of 30% for 2026, scheduled for distribution on February 02, 2027.
- Short-term bank deposits stood at VND 16,134 billion as of September 30, 2026, representing 54% of total assets.

Operating performance at Saigon Beer Alcohol Beverage Corporation (stock ticker: SAB) showed revenue and profit growth across the first nine months of 2026.

Official disclosures published on October 30, 2026 by [Nhan Dan newspaper](https://nhandan.vn/sabeco-lai-3761-ty-dong-sau-9-thang-tam-ung-co-tuc-tien-mat-30-post999176.html) indicate that Sabeco recorded consolidated net revenue of 20.029 billion VND in 9M 2026, advancing 5.1% compared to the prior-year period. Net profit after tax reached 3.761 billion VND over the same nine-month period, delivering an 8.9% increase over 9M 2025.

## Gross Margins Rebound to 38 Percent in 9M 2026

Financial data reported by [Dan Tri news](https://dantri.com.vn/kinh-doanh/sabeco-lai-3761-ty-dong-sau-9-thang-tam-ung-co-tuc-tien-mat-30-20261030140320364.htm) shows gross profit reaching 7.615 billion VND across the first nine months, representing a 13.5% growth rate compared to the corresponding period of 2025. Consolidated gross profit margin rose from 35.2% in 9M 2025 to 38.0% in the current period.

Gross profit margin serves as a fundamental benchmark measuring the spread between commercial revenues and direct production expenses for a consumer goods producer.

$$\text{Gross Margin} = \frac{\text{Gross Profit}}{\text{Net Revenue}} \times 100\%$$

According to financial metrics published by [Dan Tri news](https://dantri.com.vn/kinh-doanh/sabeco-lai-3761-ty-dong-sau-9-thang-tam-ung-co-tuc-tien-mat-30-20261030140320364.htm), with cumulative net revenue of 20.029 billion VND and gross profit of 7.615 billion VND over the nine-month period, the consolidated gross margin calculates at approximately 38.02%.

Breakdowns published by [VietnamBiz](https://vietnambiz.vn/sabeco-chi-gan-2000-ty-dong-quang-cao-giu-thi-phan-thue-tieu-thu-dac-biet-chiem-phan-nua-doanh-thu-20261030121618850.htm) reveal that cost of goods sold across the nine months grew by just 0.56%, while net revenues rose by 5.1% compared to 9M 2025.

| Consolidated Financial Indicators | 9M 2025 | 9M 2026 | Year-on-Year (%) |
| :--- | :--- | :--- | :--- |
| Net Revenue (billion VND) | 19.052 | 20.029 | +5.1% |
| Cost of Goods Sold (billion VND) | 12.345 | 12.414 | +0.56% |
| Gross Profit (billion VND) | 6.706 | 7.615 | +13.5% |
| Net Profit After Tax (billion VND) | 3.454 | 3.761 | +8.9% |
| Gross Profit Margin (%) | 35.2% | 38.0% | +2.8 percentage points |
| Net Operating Cash Flow (billion VND) | 3.351 | 4.124 | +23.1% |

*Source: Sabeco, compiled from consolidated financial statements.*

Focusing on the third quarter of 2026 alone, disclosures published by [Dan Tri news](https://dantri.com.vn/kinh-doanh/sabeco-lai-3761-ty-dong-sau-9-thang-tam-ung-co-tuc-tien-mat-30-20261030140320364.htm) confirm net revenue of 6.684 billion VND, marking a 3.8% increase compared to Q3 2025. Gross profit in Q3 2026 reached 2.547 billion VND, rising 6.7% year-on-year, sustaining gross margin comfortably above 38%.

## Beer Segment Accounts for 93 Percent of Sales

Financial records published by [VietnamBiz](https://vietnambiz.vn/sabeco-chi-gan-2000-ty-dong-quang-cao-giu-thi-phan-thue-tieu-thu-dac-biet-chiem-phan-nua-doanh-thu-20261030121618850.htm) indicate that the beer division generated 18.981 billion VND across the nine months, rising 6.0% year-on-year and accounting for 93% of total revenue.

```chart
{
  "preset": "sector-columns",
  "label": "Key Consolidated Financial Metrics of Sabeco in 9M 2026",
  "caption": "Consolidated financial performance in 9M 2026. Unit: Trillion VND. Source: Sabeco.",
  "params": {
    "values": [20.03, 12.41, 7.62, 3.76],
    "labels": ["Revenue", "COGS", "Gross Profit", "Net Profit"],
    "unit": "Trillion VND",
    "highlight": 0
  }
}
```

Details published by [Nhan Dan newspaper](https://nhandan.vn/sabeco-lai-3761-ty-dong-sau-9-thang-tam-ung-co-tuc-tien-mat-30-post999176.html) highlight product roll-outs including 333 Triple Pure with reduced calories, alongside 250 can formats.

## Selling Expenses and Marketing Pressures in Q3

Financial disclosures published by [CafeF](https://cafef.vn/sabeco-sap-chi-hon-3800-ty-dong-tra-co-tuc-loi-nhuan-quy-iii-2026-di-lui-188261030090003912.chn) report consolidated net profit after tax in Q3 2026 at 1.272 billion VND, falling 9.4% compared to Q3 2025.

Selling expenses in Q3 2026 increased 9.8% to 1.077 billion VND and general administrative expenses reached 248 billion VND as reported by [CafeF](https://cafef.vn/sabeco-sap-chi-hon-3800-ty-dong-tra-co-tuc-loi-nhuan-quy-iii-2026-di-lui-188261030090003912.chn). Quarterly financial income reached 292 billion VND.

Examining the cumulative nine-month numbers, data published by [VietnamBiz](https://vietnambiz.vn/sabeco-chi-gan-2000-ty-dong-quang-cao-giu-thi-phan-thue-tieu-thu-dac-biet-chiem-phan-nua-doanh-thu-20261030121618850.htm) demonstrates that total selling expenses climbed 16% to 3.132 billion VND compared to 9M 2025. Advertising and marketing expenditures reached 1.716 billion VND, rising 18% from 1.450 billion VND in 9M 2025 and accounting for 55% of all selling costs.

## Strong Cash Position and 30 Percent Dividend

Balance sheet data as of September 30, 2026 published by [CafeF](https://cafef.vn/sabeco-sap-chi-hon-3800-ty-dong-tra-co-tuc-loi-nhuan-quy-iii-2026-di-lui-188261030090003912.chn) reveals total assets of 29.922 billion VND, decreasing 8.2% from the start of 2026. Within the asset structure, short-term bank deposits stood at 16.134 billion VND, accounting for 54% of consolidated assets.

Net operating cash flow reached 4.124 billion VND across the nine months, climbing 23.1% year-on-year according to reports published by [Dan Tri news](https://dantri.com.vn/kinh-doanh/sabeco-lai-3761-ty-dong-sau-9-thang-tam-ung-co-tuc-tien-mat-30-20261030140320364.htm).

According to corporate action filings published by the [Vietnam Securities Depository and Clearing Corporation](https://vsdc.vn/vi/ad/195177) scheduled the payment date for the remaining 2025 cash dividend on August 28, 2026 at a 30% rate equivalent to 3.000 VND per share. On October 29, 2026, the Board of Directors approved an interim cash dividend plan for 2026 at the same 30% rate on par value.

With over 1.28 billion shares outstanding, the interim dividend distribution totals approximately 3.848 billion VND sourced from undistributed profits after tax according to disclosures published by [CafeF](https://cafef.vn/sabeco-sap-chi-hon-3800-ty-dong-tra-co-tuc-loi-nhuan-quy-iii-2026-di-lui-188261030090003912.chn). The record date is scheduled for December 29, 2026, with dividend payment slated for February 02, 2027.

Shareholder ownership records as of June 30, 2026 indicate that Vietnam Beverage Company Limited holding 687.29 million shares (a 53.59% stake) is scheduled to receive nearly 2.062 billion VND as reported by [CafeF](https://cafef.vn/sabeco-sap-chi-hon-3800-ty-dong-tra-co-tuc-loi-nhuan-quy-iii-2026-di-lui-188261030090003912.chn).

## Consumption Dynamics and Annual Target Progress

In the macroeconomic backdrop, figures published on October 15, 2026 by [Government News](https://baochinhphu.vn/kinh-te-viet-nam-quy-iv-tang-toc-nhung-khong-chu-quan-voi-lam-phat-102261015124357447.htm) indicate that total retail sales of consumer goods and services in the first nine months rose 13.4% in nominal terms (7.8% excluding price factors) year-on-year.

Against full-year 2026 targets of 28.959 billion VND in net revenue and 4.937 billion VND in net profit, Sabeco completed 69.2% of its revenue plan and 76.2% of its earnings objective through the first nine months according to compilations published by [CafeF](https://cafef.vn/sabeco-sap-chi-hon-3800-ty-dong-tra-co-tuc-loi-nhuan-quy-iii-2026-di-lui-188261030090003912.chn).

## Sources

- Vietnam Securities Depository and Clearing Corporation: [SAB: Chi trả cổ tức năm 2025 còn lại bằng tiền](https://vsdc.vn/vi/ad/195177) (5/5/2026)
- Government News: [Kinh tế Việt Nam quý IV: Tăng tốc nhưng không chủ quan với lạm phát](https://baochinhphu.vn/kinh-te-viet-nam-quy-iv-tang-toc-nhung-khong-chu-quan-voi-lam-phat-102261015124357447.htm) (15/10/2026)
- Nhan Dan Newspaper: [SABECO lãi 3.761 tỷ đồng sau 9 tháng, tạm ứng cổ tức tiền mặt 30%](https://nhandan.vn/sabeco-lai-3761-ty-dong-sau-9-thang-tam-ung-co-tuc-tien-mat-30-post999176.html) (30/10/2026)
- Dan Tri News: [Sabeco lãi 3.761 tỷ đồng sau 9 tháng, tạm ứng cổ tức tiền mặt 30%](https://dantri.com.vn/kinh-doanh/sabeco-lai-3761-ty-dong-sau-9-thang-tam-ung-co-tuc-tien-mat-30-20261030140320364.htm) (30/10/2026)
- VietnamBiz: [Sabeco chi gần 2.000 tỷ đồng quảng cáo giữ thị phần, thuế tiêu thụ đặc biệt chiếm phân nửa doanh thu](https://vietnambiz.vn/sabeco-chi-gan-2000-ty-dong-quang-cao-giu-thi-phan-thue-tieu-thu-dac-biet-chiem-phan-nua-doanh-thu-20261030121618850.htm) (30/10/2026)
- CafeF: [Sabeco sắp chi hơn 3.800 tỷ đồng trả cổ tức, lợi nhuận quý III/2026 ‘đi lùi’](https://cafef.vn/sabeco-sap-chi-hon-3800-ty-dong-tra-co-tuc-loi-nhuan-quy-iii-2026-di-lui-188261030090003912.chn) (30/10/2026)

---

_Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content._

_Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources._