•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Revenue declined and costs increased, leaving DIC Group (DIG) loss-making in the first quarter of 2026, although the loss narrowed versus the same period last year.
In Q1 2026, DIC Group reported total revenue of VND 164.2 billion, with net revenue of VND 145 billion, down 5% year on year. The company recorded a pre-tax loss of more than VND 10 billion.
Cost of goods sold fell 15% to about VND 105 billion, lifting gross profit by 34% to nearly VND 40 billion. Financial income reached over VND 29 billion, down about 10% compared with the same period last year.
Financial costs increased 8% to nearly VND 26 billion. Selling and administrative expenses totaled VND 59 billion, up 11%. Earnings from associates were over VND 4 billion, while the group posted a loss of nearly VND 25 billion from associates in the same period last year.
Because revenue did not fully cover costs, the company continued to post a pre-tax loss of over VND 10 billion. However, the loss narrowed significantly from nearly VND 37 billion in 2025.
For 2026, DIC Group set a target for consolidated net revenue of VND 3,000 billion, down 36% from the prior year. Consolidated pre-tax profit is expected to reach VND 600 billion, down 27%.
After the first quarter, the company had completed nearly 5% of the revenue target and remained far from the annual profit target.
As of the end of Q1 2026, total assets were over VND 17,700 billion, down more than VND 1,000 billion from the start of the year. Cash on hand was worth over VND 2,700 billion, down about VND 1,000 billion from the start of the year.
The cash inflow largely came from the successful sale of 150 million shares at the end of December 2025, generating nearly VND 1,800 billion at a price of VND 12,000 per share.
Work-in-progress for development costs at projects remains substantial, at nearly VND 6,800 billion. Major projects include Nam Vinh Yen urban area (VND 2,166 billion), A2 - Vũng Tàu Center Point apartment (VND 1,626 billion), Vi Thanh project (VND 1,088 billion), and Long Tân - Nhơn Trạch - Đồng Nai tourist area (VND 1,068 billion).
From 2022 to 2024, the company repeatedly failed to meet its business plan. In 2025, results improved markedly due to accelerated project dispositions: revenue reached VND 4,726 billion, 3.6 times 2024, while pre-tax profit rose to VND 818 billion, up 5 times.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
