The Ho Chi Minh City Stock Exchange (HoSE) recently announced that it has received the listing registration application from Hoa Phat Agriculture Development Joint Stock Company. The company's stock code is HPA, representing 285 million shares.

Previously, Hoa Phat Agriculture completed its initial public offering (IPO) of 30 million shares, raising VND 1,257 billion. Following the issuance, the company's charter capital increased to VND 2,850 billion. At that time, the share price was VND 41,900 per unit, corresponding to a valuation of VND 10,700 billion. Domestic investors accounted for 88.95% of the shares.

Hoa Phat Agriculture is a member company of Hoa Phat Group (HPG), led by billionaire Tran Dinh Long. Established in 2016, the company primarily operates in animal feed production and the farming of pigs, cattle, and poultry. The company states it owns a system of seven pig farms, three cattle farms, and two chicken and egg production farms, with a total area exceeding one thousand hectares.

Currently, HPA's shareholder structure remains largely concentrated within Hoa Phat Group. Recently, HPG divested over 1.3 million HPA shares, reducing its ownership stake from 85% to 84.54%.

Mr. Tran Dinh Long, Chairman of the Board of Directors of Hoa Phat Group, during the 2025 annual meeting. Photo: HPG

During an investor meeting in early december 2025, Nguyen Viet Thang, Chief Executive Officer of Hoa Phat and Chairman of HPA's Board of Directors, stated that agriculture is the group's second-largest contributor to revenue and profit, trailing only steel. The company asserts its position among the top 10 pig farming companies nationwide and holds a leading market share in supplying whole Australian cattle.

Since publicly disclosing its information in 2022, Hoa Phat Agriculture's revenue has consistently stayed above VND 6,000 billion annually. Profit growth, however, has been notably stronger, increasing from just over VND 22 billion in 2022 to over VND 181 billion just one year later. By 2024, the company recorded its first profit exceeding a trillion dong.

For the first 9 months of 2025, HPA reported revenue of approximately VND 6,259 billion, marking a nearly 28% increase compared to the same period in the previous year. Pig farming was the largest contributor, accounting for about 40%, followed by animal feed, cattle farming, and poultry.

Effective cost and expense control helped the company achieve an after-tax profit of over VND 1,297 billion, an increase of over 88% and surpassing the full-year profits from 2022 to 2024. For 2025, HPA targets revenue of VND 8,000 billion and after-tax profit of VND 1,500 billion, representing increases of 28% and 16% respectively.

Hoa Phat Agriculture plans to expand its capacity by 2030: animal feed production to 1 million tons per year; commercial pig farming to 900,000 head per year; cattle farming to 73,000 head per year; and maintaining chicken egg production at 336 million eggs annually. These initiatives are projected to drive revenue beyond VND 12,000 billion and after-tax profit to approximately VND 1,750 billion.

Tat Dat