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Vingroup Joint Stock Company (VIC) investor relations material
Vingroup Joint Stock Company Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue and net profit after tax surged year-over-year, driven by increased real estate handovers and higher financial income from subsidiaries.
Operating profit and gross profit saw significant growth, reflecting improved business performance.
Financial highlights
Net revenue for Q2 2026 was VND 12,085 billion, up 148% from Q2 2025; six-month revenue reached VND 19,262 billion.
Gross profit for Q2 2026 was VND 8,350 billion, up 894% year-over-year.
Net profit after tax for Q2 2026 was VND 14,574 billion, a 6,717% increase year-over-year.
Financial income for Q2 2026 was VND 21,797 billion, up 147% year-over-year, mainly from dividends and investment disposals.
Financial expenses rose 67% to VND 14,124 billion, mainly due to increased borrowings and profit sharing.
Outlook and guidance
Management attributes growth to increased real estate deliveries and higher financial income, with expectations for continued strong performance.
- Net revenue up 24% and net profit after tax surged up to 150% year-over-year.VIC
Q1 2026 - Q4 2025 net profit attributable to equity holders surged 209% on 163% revenue growth.VIC
Q4 2025 - Record EV and real estate growth offset Q3 revenue drop, driving strong 9M2025 profits.VIC
Q3 2025 - 81% revenue and 120% net profit growth in 1H2025; Q2 net profit up 215% to VND 2,265 billion.VIC
Q2 2025 - Strong Q3 profit rebound driven by real estate and manufacturing, but leverage remains high.VIC
Q3 2024 - Net profit after tax surged 71% YoY, with strong 2H2024 momentum expected.VIC
Q2 2024 - Net revenue jumped 287% in 1Q2025, driven by property and manufacturing growth.VIC
Q1 2025 - FY2024 profit after tax surged 155% YoY, with Q4 revenue up 140% and strong segment growth.VIC
Q4 2024
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