Vingroup Joint Stock Company (VIC) Q3 2026 earnings summary

Executive summary

• 9M2026 adjusted revenue was VND372.5tn, up 110% YoY and 77% of the FY target; adjusted net profit after tax was VND43.7tn, up 477% and 125% of target.

• Separately, reported 9M net revenue was VND42.397tn and net profit after tax was VND23.910tn; higher property handovers and finance income contributed to results.

• Operating momentum extended across EVs, real estate, hospitality and entertainment.

Financial highlights

• Q3 reported net revenue was VND23.158tn versus VND4.395tn a year earlier; net profit after tax was VND9.135tn versus VND165.9bn.

• Q3 gross profit was VND10.555tn, operating profit VND9.675tn and pretax profit VND9.431tn.

• Q3 finance income was VND11.412tn; finance expenses were VND10.927tn, including VND5.184tn in interest and issuance costs.

• 9M reported revenue was VND42.397tn versus VND14.267tn; operating profit was VND25.413tn and net profit after tax VND23.910tn.

• Adjusted 9M revenue by business was VND237.815tn in Real Estate Development & Services, VND97.884tn in Industrials, VND26.949tn in Social Enterprises and VND9.851tn in Others.

Segment performance

• Global EV deliveries reached 211,242 in 9M2026, up 91% YoY; e-scooter deliveries were 714,006, up 204%.

• VinFast delivered 177,697 cars in Vietnam, up 71% YoY with ~36% market share; e-scooter deliveries reached 710,584, up 203%.

• Vinhomes adjusted revenue was VND232.6tn, up 234% YoY; contracted sales were VND219.6tn, up 35%, and unbilled sales were VND185.6tn, down 17%.

• Vinpearl 9M revenue was VND10.686tn, up 19%; occupancy was ~64%, up 9 percentage points, and VinWonders visits reached 8.9m, up 6%.

• 9M segment revenue grew 162.3% in property sales, 93.2% in Industrials, 28.1% in hospitality and entertainment, 21.8% in healthcare and 11.9% in education.