VINCOM RETAIL RECORDS 1Q2026 PROFIT AFTER TAX OF VND 1,606 BILLION, UP MORE THAN 36%
Hanoi, April 24 2026 – Vincom Retail Joint Stock Company (ticker symbol: “VRE”) today announced its consolidated financial statements for 1Q2026 prepared in accordance with Vietnamese Accounting Standards (VAS).
In 1Q2026, Vincom Retail recorded adjusted consolidated net revenue¹ of VND 2,574 billion, up 20.7% compared to the same period in 2025. Revenue from leasing activities and related services reached VND 2,208 billion, up 9.0% year-on-year, supported by continued improvement in occupancy rate across the shopping mall network, reflecting the high leasing demand from both international and domestic brands, as well as contributions from new malls opened in 2025. Excluding the operating results of Vincom Center Nguyen Chi Thanh, revenue from leasing activities and related services grew by 11.8% year-on-year. Profit after tax reached VND 1,606 billion, up 36.4% year-on-year. With these results, the Company completed 25% and 30% of its 2026 full-year revenue and profit after tax guidance, respectively.
Vincom Retail continued to upgrade retail offerings and elevate customer experience across destinations nationwide. In 1Q2026, experience-led categories, including F&B and entertainment, continued to account for a high proportion of newly leased area. At the same time, Vincom Retail continued to work closely with brands to upgrade store, thereby enhancing the attractiveness of its retail ecosystem.
Experience-led activities remained an important driver of footfall. During the quarter, Vincom Retail organized nearly 3,000 events at shopping malls and over 270 events at commercial streets, featuring standout programs such as the Tet experiential series “Play – See – Shop – Enjoy Convenience”, themed weekend festivals offering attractive promotions, including Milk Tea Festival, Vietnamese Hotpot Festival, Dessert Festival, fan signing events with celebrities, and a wide range of cultural, entertainment, and community engagement activities. These efforts contributed to total footfall of 55 million visits at shopping malls, up 13.2% year-on-year, and 6.4 million visits at commercial streets, up 15.9% year-on-year.
Vincom Retail continued to affirm its position as a leading retail destination for both domestic and international brands. In 1Q2026, new brands accounted for nearly one-third of total newly leased area, reflecting the strong appeal of the Vincom network to retailers seeking to expand their presence in Vietnam. Vincom Retail’s system-wide occupancy rate reached 88.9% in 1Q2026, up 2.8 percentage points compared to the same period last year.
In addition, the Company continued to promote environmental, social and governance initiatives in 1Q2026, aligning business growth with sustainable development and community responsibility. On the environmental front, the Company rolled out the “Green Malliday Action Month” (“Hành động
xanh Malliday”) campaign across its network, featuring activities in response to Earth Hour, waste-sorting awareness, green consumption promotion and reusable fashion initiatives. In parallel, Vincom Retail continued to digitalize operations, with 100% of labor contracts and 78% of shopping mall lease contracts executed via digital signatures, contributing to lower paper consumption and improved management efficiency.
On the social front, the Company donated nearly 5,000 Tet gift packages to disadvantaged communities nationwide, while continuing to support cultural and artistic development, young talent and community access to the arts through initiatives such as VCCA and the “Toa V – The Touch of Science” (“Tỏa V – Điểm Chạm Khoa Học”) exhibition. In corporate governance, Vincom Retail remained focused on enhancing transparency and protecting shareholder rights by publishing AGM materials 28 days in advance, improving the quality of Annual Report disclosures, and proactively preparing for new personal data protection requirements, including participation in in-depth training programs on DPO and personal data governance.
In 2026, Vincom Retail will continue to expand its network with new key projects, notably Vincom Plaza Dan Phuong, expected to open in 3Q2026, and J-Town Mỹ Lâm commercial street in Tuyên Quang, expected to open in 4Q2026. These new projects are expected to further reinforce Vincom Retail’s market-leading position in terms of scale, coverage and quality of retail destinations in Vietnam.
Note: (1) Adjusted revenue includes an additional VND 280 billion from the sale of investment property, as presented in Note 25 to the consolidated
financial statements to compare against the guidace, since this revenue item has already been included in the full year guidance.

