Vietnam's Masan High-Tech Returns to Profit, Tungsten Revenue Surges 33% in 2025 Financials

Published: Feb 5, 2026 10:23

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[SMM Tungsten Express] Masan High-Tech Materials (MSR) of Vietnam reported a return to profitability in its 2025 financial results, driven primarily by tungsten products. Revenue reached VND 74.4 trillion, up 19% year-on-year; full-year net profit was $423,000, with Q4 net profit surging to $8.5 million, a multi-quarter high. Tungsten product revenue rose 33% to $171.5 million, boosted by APT prices hitting 14-year highs. The company's Nui Phao mine, the largest outside China, underscores its strategic value. The market has revalued MSR's position in the global tungsten supply chain, with its share price rising in anticipation.

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