VINCOM RETAIL RECORDS 2Q2026 PROFIT AFTER TAX OF VND 1,609 BILLION, UP 30% YEAR-OVER-YEAR
Hanoi, July 29, 2026 – Vincom Retail Joint Stock Company (ticker symbol: “VRE”) announced its consolidated financial statements for 2Q2026 prepared in accordance with Vietnamese Accounting Standards (“VAS”).
In 2Q2026, Vincom Retail recorded consolidated net revenue of VND 2,374 billion, up 10.8% year-over-year. Of this, revenue from leasing activities and related services reached VND 2,268 billion, up 9.7% year-over-year, driven by a 2.3 percentage point year-over-year improvement in occupancy, to 88.6% as of the end of 2Q2026, and a slight increase in average rents across the portfolio, and contributions from shopping malls newly opened in the second half of 2025. In addition, excluding the operating results of Vincom Center Nguyen Chi Thanh, revenue from leasing activities and related services grew by 11.5% year-over-year in 2Q2026.
Profit after tax reached VND 1,609 billion, up 30.4% compared with the same period in 2025. With these results, the Company’s adjusted consolidated net revenue¹ and profit after tax for 1H2026 fulfilled 49% and 58% of its full-year 2026 revenue and profit targets, respectively.
Vincom Retail continued to strengthen its role as a lifestyle community platform, making experiences a bridge between shopping, culture, art, and community life. In the first half of the year, 6,689 events were held across its shopping malls and commercial streets, highlighted by the Vincom Red Sale shopping festival with 2,246 participating tenants, the summer’s largest Grill & Beer Festival series held on weekends at Ocean City, and the “Little Intern” summer camp — each tailored to local market characteristics and customer groups, from young consumers and families to creative communities.
This strategy helped attract 112 million visits to shopping malls and 14.2 million visits to commercial streets, up 11.6% and 16.3% year-over-year, respectively.
Vincom Retail continued to reinforce its role as a launchpad for domestic and international retail brands. In the first six months of 2026, nearly 140 new brands joined the Vincom network, contributing almost one-third of total newly leased area. The Vincom network continues to account for a significant share of the mall-based store portfolios in Vietnam of long-established brands such as Uniqlo, Zara, H&M, and Muji, as well as newer market entrants such as Wilson and MR.DIY.
On sustainability, Vincom Retail organized 112 events promoting green consumption across its network in the first half of 2026, working with partners and tenants to spread sustainable lifestyles within the community. These efforts continued to be recognized as Vincom Retail received the “Green Leadership” accolade at the Asia Responsible Enterprise Awards (“AREA”) for the third consecutive year, affirming its consistent sustainable development strategy across four pillars: developing environmentally friendly shopping malls, promoting responsible consumption, contributing to local communities, and enhancing corporate governance quality.
In 3Q2026, Vincom Retail will continue to expand its network with Vincom Plaza Dan Phuong, scheduled to open in August 2026. With a total gross floor area of approximately 25,000 sqm and a pre-opening occupancy rate of 93%², the project will be the first modern shopping mall in Dan Phuong, serving residents of Vinhomes Wonder City, western Hanoi, and neighboring provinces. Designed to optimize the customer experience, the mall will allocate up to 45% of its tenant mix to food and beverage and entertainment offerings, while introducing many brands to the area for the first time.
Note:
(1) Adjusted revenue is calculated by adding the pro-forma revenue from the investment property transfer transaction in 1Q2026 for comparison with the full-year plan, as the revenue plan already included this item. Under the accounting standards applicable from 2026, only the profit from this transaction is presented separately in the financial statements. For details, please refer to Note 25 of the 1Q2026 consolidated financial statements. (2) Occupancy rate includes signed offers and deposits received at the end of the quarter.

