Announcement of Business Results Quarter II/2026

PRESS RELEASE

VINHOMES ANNOUNCES RECORD 1H2026 PROFIT, ACHIEVING NEARLY 87% OF FULL-YEAR TARGET AND INCREASE FIVEFOLD YEAR-ON-YEAR

Hanoi, July 30, 2026 – Vinhomes JSC (HOSE: VHM) announced its consolidated financial statements for the second quarter of 2026, prepared in accordance with Vietnamese Accounting Standards (VAS), highlighting exceptional business performance.

In 1H2026, Vinhomes recorded consolidated net revenue of VND 116,565 billion. Consolidated adjusted revenue, which includes income from business cooperation contracts and bulk sales recognized as financial income, reached VND 134,205 billion, up 203% year-on-year.

Net profit after tax came in at VND 52,092 billion, increasing nearly 380% from 1H2025 and achieving 86.8% of the full-year 2026 profit target. Handovers at projects such as Vinhomes Ocean Park 2,3 and Vinhomes Green Paradise continued to be the key drivers of the period's performance.

Notably, gross profit in Q2/2026 increased more than eightfold year-on-year to VND 34,732 billion, lifting the gross profit margin to nearly 66%. This underscores a clear improvement in earnings quality, with growth driven by handovers and the core real estate projects of Vinhomes.

1H2026 presales and unbilled revenues as of the end of Q2 reached VND 148,104 billion and VND 196,813 billion, respectively, up 119% and 42% year-on-year, driven mainly by strong sales performance at Vinhomes Saigon Park, Vinhomes Global Gate Ha Long and Vinhomes Hai Van Bay. These newly launched projects in the first half of 2026 underscore the continued appeal of the Vinhomes brand, while laying a solid foundation for revenue and profit recognition in the coming quarters.

As of June 30, 2026, Vinhomes maintained a solid financial position, with total assets and owner’s equity reaching VND 1,110,736 billion and VND 274,005 billion, respectively.

On the project development front, Vinhomes officially launched Vinhomes Saigon Park in June 2026, offering high-quality residential products in the northwestern gateway of Ho Chi Minh City. Strategically located at a key gateway to the City, the project benefits from convenient connectivity via major arterial roads such as National Highway 22, as well as inter-regional transport infrastructure, most notably the Ho Chi Minh City – Moc Bai Expressway and Ring Roads 3 and 4. 

Prior to that, in April 2026, Vinhomes officially launched sales at Vinhomes Global Gate Ha Long, one of the key mega-urban developments in northern Vietnam. The project is being developed under a Transit-Oriented Development (TOD) model with ESG++ standards based on three pillars: Green - Smart - Ecological.

Also in April 2026, Vinhomes launched Vinhomes Hai Van Bay spanning over 512 hectares in Da Nang. Strategically located at the intersection of three key development corridors in Central Vietnam, the project is positioned to become a new landmark bayfront urban development, further enhancing Vietnam’s presence on the global real estate map.

In addition, Vinhomes continued to make strong progress on Vinhomes Global Sportia, with the 135,000-seat VinFast Stadium as one of its key components, designed to meet the standards for hosting major international sporting, cultural and entertainment events. Expected to be completed in 2028, the stadium is envisioned as one of the world's largest sporting venues and a new sports and cultural landmark for Hanoi.

Notably, in the second quarter of 2026, Vinhomes continued to expand its role in infrastructure development, strengthening connectivity, and supporting growth in key urban areas. Notable projects include the Ben Thanh – Can Gio metro line, the Hanoi – Quang Ninh high-speed railway and the Can Gio – Vung Tau sea-crossing route. In addition, the Vinhomes – VinSpeed consortium is participating as the EPC general contractor for five key urban railway lines in Hanoi, progressively strengthening its capabilities in the infrastructure sector while contributing to the development of Vietnam's national transportation network.

In recognition of its efforts in the development of sustainable and high-quality urban areas, Vinhomes continues to be honored in numerous prestigious rankings at home and abroad. In 2026, Vinhomes was named among the Top 10 Most Reputable Real Estate Companies by Vietnam Report, listed among Asia-Pacific's Best Companies 2026 by TIME (US), and recognized by VNREA as Vietnam's Leading Real Estate Enterprise.

In the second half of the year, Vinhomes will continue to accelerate its real estate business and infrastructure development activities to deliver on its established targets. Backed by a solid financial foundation, strong execution capabilities and a portfolio of large-scale projects, the Company is well positioned to capture new growth opportunities, further consolidate its leading position in the domestic market and progressively strengthen its presence in international markets.