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By the end of Q1 2026, DIC Corp reported net revenue of nearly VND 144.6 billion, down 5.4% year on year. After deducting taxes and fees, the company posted a net loss of more than VND 9.9 billion, according to its consolidated financial statements for the quarter.
In Q1 2026, DIC Corp recorded net revenue of approximately VND 144.6 billion, a 5.4% decline compared with the same period last year. After deducting cost of goods sold, gross profit reached over VND 39.6 billion, up 35.5%.
During the period, revenue from financial activities was more than VND 29.4 billion, down 8.3% year on year. Financial costs increased 8.6% to nearly VND 25.7 billion. Selling expenses were about VND 12.9 billion, up 46.6%, while administrative expenses rose from VND 44.2 billion to over VND 46.3 billion.
As a result, after taxes and other charges, DIC Corp posted a net loss of more than VND 9.9 billion in Q1 2026, compared with a net loss of more than VND 45.4 billion in the same period last year.
Despite the narrower net loss, the company recorded net cash outflow from operating activities of nearly VND 436.9 billion, compared with an outflow of about VND 278.5 million in Q1 2025.
For 2026, DIC Corp set a target pretax profit of VND 600 billion. However, with a pretax loss of more than VND 10.1 billion in the first quarter, the company remains far from its annual target.
As of March 31, 2026, DIC Corp’s total assets declined 6.5% from the start of the year to over VND 17,721 billion. Short-term receivables stood at nearly VND 5,776.7 billion, accounting for 32.6% of total assets.
Inventories made up 38.4% of total assets, at over VND 6,804.9 billion. This largely comprises work-in-progress on projects invested by DIC Corp, including the Đại Phước ecological tourism urban project, the Nam Vĩnh Yên new urban project, the Ha Giang residential project, and others.
On the liabilities side, total liabilities were nearly VND 7,568.4 billion, down 15.3% from the start of the year. Short-term customer prepayments were more than VND 3,037.6 billion, representing 40.1% of total liabilities. Other short-term payables were more than VND 2,005.6 billion (26.5%), while borrowings and finance leases were over VND 1,424.5 billion (18.8%).
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