911 Group (NO1) Q2 2026 earnings summary

Executive summary

• Principal activities were wholesale of machinery/equipment and passenger transportation services, with the latter segment incurring losses due to delays and underperformance.

• The construction machinery market experienced a downturn, and USD exchange rate fluctuations impacted results as most goods are imported and transactions are USD-denominated.

• The Group transitioned to a new Vietnamese Corporate Accounting System (Circular No. 99/2025/TT-BTC) for this period, with restated comparatives.

Financial highlights

• Net sales for H1 2026 were VND 355.3 billion, down from VND 840.5 billion year-over-year.

• Gross profit was VND 44.0 billion, a decrease from VND 64.6 billion in H1 2025.

• Net profit after tax attributable to equity holders was VND 1.92 billion, down from VND 12.73 billion in H1 2025.

• Basic and diluted EPS for H1 2026 was VND 80, compared to VND 530 in H1 2025.

• Cash and cash equivalents at period end were VND 53.1 billion, down from VND 125.5 billion at the start of the year.

Outlook and guidance

• The Board of General Directors confirmed the going concern basis is appropriate, with no material uncertainties identified.

• The Group completed a share issuance for dividend payment post-period, increasing outstanding shares to 24,599,798.