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Sai Gon Mien Trung Beer (SMB) investor relations material
Sai Gon Mien Trung Beer Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated financial statements prepared in accordance with Vietnamese Accounting Standards for the period ended 31/03/2026.
Board affirms fair presentation and solvency; no significant fluctuations in profit after tax compared to the same period last year.
Principal activities include beer, alcohol, beverage production, and related services; 502 employees as of 31/03/2026.
Financial highlights
Net revenue for Q1 2026: VND 295.74 billion, nearly flat year-over-year (Q1 2025: VND 296.13 billion).
Net profit after tax: VND 30.84 billion, up from VND 28.73 billion in Q1 2025.
Gross profit: VND 94.77 billion, up from VND 77.44 billion year-over-year.
Total assets as of 31/03/2026: VND 938.75 billion (down from VND 1,044.77 billion at year start).
Cash and cash equivalents at period end: VND 175.07 billion (down from VND 322.64 billion at year start).
Outlook and guidance
No significant seasonality in core beer business; other segments contribute insignificantly to revenue and results.
No explanation required for profit fluctuations as changes were under 10% year-over-year.
- Net profit after tax was VND 176.9 billion on revenue of VND 1,365.3 billion, with stable margins.SMB
Q4 202516 Mar 2026 - Net profit in Q3 2025 rose 23.6% year-over-year on higher sales and improved margins.SMB
Q3 20252 Nov 2025 - Q1 2025 profit up 21.7% year-over-year on cost savings, despite lower revenue.SMB
Q1 202518 Aug 2025 - Q2 2025 net profit dropped 14.1% year-over-year, mainly from lower sales volume and product mix.SMB
Q2 202518 Aug 2025 - Q4 2024 net revenue up 8% YoY; full-year net profit after tax rose 16.2%.SMB
Q4 20246 Jun 2025
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