Sai Gon Mien Trung Beer (SMB) Q1 2026 earnings summary

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.