MML

UPCOMConsumer Goods

Masan MEATLife Joint Stock Company

Original Name: Công ty Cổ phần Masan MEATLife

Reference Price31.300 ₫

Interactive Stock Chart

Exchange Ticker: UPCOM:MML

Listing Information

Exchange MarketUPCOM

Live SectorFood & Beverage

First Trading Date09/12/2019

First Close Price₫69,900

Capital Structure

Charter Capital3,271.33 Billion VND

Listed Shares340,316,858

Outstanding Shares340,316,858

Treasury Shares-

Professional Advisors & Auditors

Independent Auditing History

Fiscal Year	Auditing Organization
2025	KPMG Vietnam Co., Ltd.
2024	KPMG Vietnam Co., Ltd.
2022	KPMG Vietnam Co., Ltd.
2021	KPMG Vietnam Co., Ltd.
2020	KPMG Vietnam Co., Ltd.
2019	KPMG Vietnam Co., Ltd.
2018	KPMG Vietnam Co., Ltd.

IPO & Listing Consultant

Securities Bản Việt JSCListing Ticker Symbol: VCI

Detailed Corporate Timeline & Sectors

Establishment History and development:

October 2011, Masan Nutri-Science was established as Honeysuckle One Member Company Limited.
November 2012, Hoa Kim Ngan One Member LLC was renamed Sam One Member LLC Kim.
July 2014, Sam Kim Co., Ltd. buys 70% of ANCO's shares.
Late 2014, Sam Kim Company Limited acquired Shika, a company with 40% shares in Proconco
In January and February 2015, Sam Kim Co., Ltd., through its subsidiary, purchased an additional 13.06% of shares of Proconco.
In April 2015, Masan Group acquired Sam Kim Company Limited, the controlling shareholder of Proconco and ANCO companies. Sam Kim Company was later renamed Masan Nutri-Science. The acquisition of Masan Nutri-Science immediately turns Masan into one of the largest animal feed companies in Vietnam. Masan Nutri-Science's goal is to change Vietnam's meat value chain to provide consumers with branded, delicious and clean meat products.
March 2016, Masan Nutri-Science Co., Ltd. was converted into a joint stock company with the registered name Masan Nutri-Science Joint Stock Company; ANCO successfully auctioned and completed payment for 14% shares in Vissan.
May 2016, Masan Nutri-Science Joint Stock Company increased its direct ownership ratio in ANCO from 70% to 99.99%
June 2016, ANCO increased Vissan's ownership ratio to 24.94
In June 2016, Masan Nutri-Farm (N.A) was established
November 2016, Masan Nutri-Science (N.A) starts construction on a high-tech pig farm in Nghe An
April 2017, KKR invests 150 million USD in Masan Nutri-Science to own 7.5% stake
In August 2017, MNS Meat Processing Company Limited was established
February 2018, Masan Nutri-Science started construction on the Meat Processing Complex Project in Ha Nam to provide fresh chilled meat to consumers
December 2018, Masan Nutri-Science has successfully introduced to the market the cooled pork product under the brand name “MEATDeli”
July 23, 2019, Masan Nutri-Science announced changing its name to Masan MEATLife and focusing on the meat industry.
In January 2019, MNS Farm Nghe An was granted GLOBAL G.A.P certification for completing internationally recognized farm standards for Product Practices good agricultural production “MEATDeli”.
On July 29, 2019, the Company changed its name to Masan MEALife Joint Stock Company.
On August 21, 2019, the Company increased its charter capital to 3,243,274,470,000 VND, through the issuance of new shares to increase share capital from equity (bonus shares).
On November 25, 2019, the Company was approved by the State Securities Commission for public company registration.
On November 27, 2019, the Company was granted Securities Registration Certificate No. 61/2019/GCNCP-VSD by the Vietnam Stock Exchange with the number of registered securities being 324,327,447 shares.

Business Sectors:

Production of animal feed, poultry and aquatic products (not operating at main headquarters)
Food wholesale. Details: Wholesale of meat and meat products; Wholesale of seafood; Wholesale of raw materials and food additives (not operating at headquarters) (CPC: 622)
Wholesale of agricultural and forestry raw materials (except wood and bamboo) and live animals. Details: - Food and feed ingredients for livestock, poultry and aquatic products (not operating at the main office) (CPC: 622)
Retail food, foodstuffs, beverages, cigarettes, and waterpipe tobacco via mobile devices or at markets. Details: Mobile or market retail of food (except rice, cane sugar, tapioca sugar) (not operating at the head office) (CPC: 631)
Retail food in specialized stores. Details: Retail of meat and products from livestock and poultry meat, fresh, frozen and processed; Selling fresh, frozen and processed seafood (not operating at headquarters) (CPC: 631)
Retail of other new goods in specialized stores. Details: Retailing of food and ingredients for livestock, poultry and aquatic products (not operating at the main office) (CPC: 632)
Management consulting activities. Details: Investment consulting (except financial, accounting, and legal consulting). (CPC. 86509)

Address: 10th Floor, Central Plaza Building, 17 Le Duan, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Phone: (84) 28 6256 3862 - Fax: (84) 28 3827 4115

Disclosure Officer: Ms. Do Thi Thu Nga - Legal Director

Email: ''

Website: https://masanmeatlife.com.vn/

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	-₫687	-₫1,586	₫74	₫1,819
Price-to-Earnings (P/E)	-	-	420.25x	17.21x
Book Value Per Share (BVPS)	₫16,524	₫14,938	₫13,132	₫15,282
Price-to-Book (P/B)	1.89x	2.10x	2.38x	2.05x
Return on Equity (ROE)	-4.16%	-10.62%	0.57%	11.90%
Return on Assets (ROA)	-1.75%	-4.24%	0.23%	5.44%
Net Profit Margin	-4.89%	-7.73%	0.33%	6.71%
Debt-to-Equity Ratio	1.37	1.50	1.51	1.19
Current Ratio	1.28	1.37	0.54	0.42

Audited Financial Statements

Source: KB Securities (KBS) Datafeed • Updated dynamically

Show absolute values (VND)

Doanh thu thuần về bán hàng và cung cấp dịch vụNet revenue

+92.9% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

-14.8% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	9,571,422,893,000	7,820,568,121,000	7,036,588,918,000	4,821,896,840,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	341,327,375,000	170,852,228,000	52,146,353,000	37,325,588,000
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	9,230,095,518,000	7,649,715,892,000	6,984,442,565,000	4,784,571,252,000
4. Giá vốn hàng bán 4. Cost of goods sold	6,648,639,181,000	5,687,976,222,000	5,931,830,298,000	4,440,344,925,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	2,581,456,337,000	1,961,739,670,000	1,052,612,267,000	344,226,326,000
6. Lãi/Lỗ của hoạt động bán, thanh lý bất động sản đầu tư6. Gain/(Loss) on disposal of investment property	-	-	-	-
7. Doanh thu hoạt động tài chính 7. Financial income	467,159,521,000	245,758,093,000	224,266,923,000	633,207,239,000
8. Chi phí tài chính 8. Financial expenses	348,213,959,000	401,801,091,000	526,578,771,000	409,619,956,000
Trong đó: Chi phí đi vay Of which: Interest expense	327,619,502,000	376,450,737,000	507,802,873,000	396,080,764,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	-	-	1,771,755,000	-
9. Chi phí bán hàng 9. Selling expenses	1,777,779,148,000	1,427,730,465,000	969,780,516,000	438,806,841,000
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	295,259,026,000	366,242,264,000	307,000,988,000	361,371,335,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	627,363,726,000	11,723,942,000	-524,709,331,000	-232,364,567,000
12. Thu nhập khác 12. Other income	1,345,310,000	18,673,806,000	10,216,224,000	7,262,389,000
13. Chi phí khác 13. Other expenses	4,993,046,000	7,692,161,000	27,261,324,000	10,939,509,000
14. Lợi nhuận khác14. Other profit	-3,647,736,000	10,981,645,000	-17,045,100,000	-3,677,121,000
Phần lợi nhuận/lỗ từ công ty liên kết liên doanhShare of associates and joint ventures' result	-	-	-	-
15. Tổng lợi nhuận kế toán trước thuế15. Profit before tax	623,715,990,000	22,705,587,000	-541,754,431,000	-236,041,687,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	12,588,179,000	14,155,307,000	10,601,257,000	-963,674,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	-7,833,065,000	-16,796,176,000	-12,501,508,000	-1,319,056,000
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	618,960,876,000	25,346,456,000	-539,854,180,000	-233,758,957,000
Lợi ích của cổ đông thiểu sốMinority Interest	55,938,884,000	-1,693,853,000	-154,347,565,000	-88,507,692,000
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	563,021,992,000	27,040,309,000	-385,506,615,000	-145,251,265,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	1,692	83	-1,178	-444
20. Lãi suy giảm trên cổ phiếu (*)20. Diluted earnings per share	-	-	-	-

Data Source & Disclaimer

Data Source: Financial statement data is automatically aggregated from official disclosure feeds of listed companies through the analysis system of KB Securities Vietnam JSC (KB Securities).

Disclaimer: All financial data displayed on this website is provided for general reference purposes only. We make every effort to update accurate data but do not provide any warranty regarding its completeness or absolute reliability. The displayed figures do not constitute investment advice or an offer to trade securities. Users assume all risks and responsibilities for any financial decisions made based on the data on this website.

MML

Masan MEATLife Joint Stock Company

Interactive Stock Chart

Listing Information

Capital Structure

Professional Advisors & Auditors

Independent Auditing History

IPO & Listing Consultant

Detailed Corporate Timeline & Sectors

Key Financial Ratios (2025)

Historical Financial Metrics (YoY)

Financial Ratios Reference & Interpretation Guide

Audited Financial Statements

MML — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality