Vinh Phuc Infrastructure Development (IDV) H1 2026 earnings summary

Executive summary

• Revenue for Q2 2026 reached 28.37 billion VND, up from 24.58 billion VND in Q2 2025, with net profit after tax at 12.78 billion VND for the quarter and 35.14 billion VND for the six-month period.

• Gross margin improved, with gross profit at 19.04 billion VND in Q2 2026 versus 15.41 billion VND in Q2 2025.

• Total assets as of March 31, 2026, were 2.12 trillion VND, with equity at 935.42 billion VND and liabilities at 1.18 trillion VND.

Financial highlights

• Q2 2026 revenue: 28.37 billion VND (up 15.4% year-over-year); six-month revenue: 51.38 billion VND.

• Net profit after tax for Q2 2026: 12.78 billion VND; six-month net profit: 35.14 billion VND.

• Gross margin for Q2 2026: 67.1% (gross profit 19.04 billion VND on 28.37 billion VND revenue).

• Operating cash flow for the six months: 174.72 billion VND, up from 83.75 billion VND year-over-year.

• Cash and equivalents at period end: 19.77 billion VND, down from 22.25 billion VND at the start of the period.

Outlook and guidance

• The company continues to focus on infrastructure development, real estate, and environmental services, with ongoing investments in industrial park projects and related infrastructure.