Announcement of 1Q2026 Business Results

PRESS RELEASE 
VINHOMES REPORTS VND 25,625 BILLION IN NET PROFIT AFTER TAX FOR Q1/2026, UP 866% YEAR OVER YEAR

Hanoi, April 28, 2026 – Vinhomes Joint Stock Company (ticker: VHM) announced its consolidated financial statements for the first quarter of 2026, prepared in accordance with Vietnamese Accounting Standards (VAS), recording outstanding business performance and reaffirming a solid foundation to achieve its full-year targets for 2026.

In Q1/2026, Vinhomes recorded total consolidated net revenue of VND 65,114 billion, up 315% year-on-year (YoY). Total adjusted consolidated net revenue (including revenue from business cooperation contracts and bulk sales transactions recognized under financial income) reached VND 71,541 billion, representing a 271% increase YoY. Consolidated profit after tax reached VND 25,625 billion, up 866% compared to Q1/2025. Handover activities at Vinhomes Ocean City and Vinhomes Royal Island continued to be the key drivers contributing to the Company’s performance during the period.

Contracted sales in Q1/2026 and unrecognized sales backlog as of quarter-end reached VND 81,700 billion and VND 201,600 billion, respectively, increasing by 133% and 68% YoY. This was primarily driven by strong performance from large-scale urban township projects, particularly Vinhomes Green Paradise, Vinhomes Ocean City, and Vinhomes Hai Van Bay. These results provide a solid foundation to support revenue and profit growth in the coming quarters.

As of March 31, 2026, Vinhomes maintained a strong financial position, with total assets and total equity reaching VND 869,975 billion and VND 272,842 billion, respectively.

At the 2026 Annual General Meeting of Shareholders, the Company’s business plan for 2026 was approved, targeting total revenue of VND 285,000 billion and profit after tax of VND 60,000 billion.

Regarding project development, in late March 2026, Vinhomes officially launched Vinhomes Hai Van Bay, offering premium low-rise products to the market. Located in a prime area in northern Da Nang City, featuring a favorable feng shui setting with mountains at the back and sea views in front, the project achieved remarkable sales performance shortly after launch.

Meanwhile, the Vinhomes Global Gate Ha Long project, with an expected population of 380,000 residents, was initiated in late 2025. The project is being developed under a Transit-Oriented Development (TOD) model and aims to set new standards for ESG urban development based on three pillars: Green – Smart – Sustainable. With its strategic location and superior amenities, the project is expected to deliver strong results in 2026.

In terms of destination development strategy to enhance project value, Vinhomes urban areas continued to be highlights on Vietnam’s entertainment and culinary map during the Lunar New Year and early-year festive season. At Vinhomes Green Paradise, the largest spring festival in Vietnam attracted 10,000 visitors on its opening day and over 50,000 visitors throughout the event. The New Year Festival at Vinhomes Royal Island also drew large numbers of both domestic and international visitors to experience traditional Vietnamese cuisine and cultural performances. In Ocean City – Hung Yen, the Upbeat Ocean Countdown night and New Year fireworks show attracted hundreds of thousands of residents and visitors, gradually establishing the area as a new cultural and entertainment hub in eastern Hanoi.

At the same time, Vinhomes continues to invest in enhancing residents’ quality of life. Vinhomes urban areas are distinguished by synchronized, modern infrastructure and a wide range of services benefiting from the Vingroup ecosystem. In terms of digital transformation, all resident services are integrated into the V-App digital ecosystem, improving efficiency in urban management and operations.

In recognition of its continuous efforts, the Vinhomes brand was once again named among the Top 10 Most Reputable Real Estate Developers in 2026 by Vietnam Report. This marks the fourth consecutive year the Company has received this accolade, reflecting strong market trust and recognition. Beyond domestic rankings, Vinhomes has also gained international recognition by being included in TIME magazine’s list of the Top 500 Companies in Asia, based on in-depth analysis across three key criteria: Financial Performance, Sustainability Transparency (ESG), and Employee Satisfaction.

With a promising start in Q1, Vinhomes is accelerating the implementation of its 2026 business plan as approved by shareholders. Its strong financial foundation and proven capability in executing large-scale projects will continue to drive the Company in reinforcing its leading position in Vietnam while gradually expanding its presence in international markets.