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Hoang Anh Gia Lai JSC (HAGL, MCK: HAG) has released its consolidated financial statements for Q1 2026, reporting net revenue of VND 1,784 billion and net profit after tax of VND 1,172.6 billion.
In the first three months of 2026, the company’s revenue mix showed divergence among its core business segments.
The company said the decisive factor behind profit expansion was not sales activity but movements in financing costs.
Financing costs were negative at VND 576.5 billion. The main reason was exemptions totaling VND 750 billion on interest on borrowings and issued bonds.
As a result, Q1 after-tax profit reached VND 1,172.6 billion, triple the VND 360.4 billion recorded in the same period last year.
As of March 31, 2026, the group’s undistributed after-tax profit stood at VND 2,663.1 billion.
Compared with the 2026 business plan approved by the General Meeting of Shareholders, the company achieved 27.9% of the target profit of VND 4,202 billion.
For its investment strategy, the company plans to plant new areas in 2026, including 7,000 hectares of coffee, 1,000 hectares of mulberry, and 700 hectares of jackfruit. The long-term objective is to raise total coffee area to 20,000 hectares, including Arabica and Robusta varieties, to leverage land in Laos and Vietnam.
To strengthen capital for these projects, on April 29, 2026, Hoang Anh Gia Lai raised VND 2,000 billion of bonds coded HAG12601 with a 36-month maturity.
The bond issue was rated A by Fiin Ratings and secured by a payment guarantee from Orient Commercial Bank. The proceeds will be used to implement coffee plantation investments through subsidiaries in Vietnam, Laos, and Cambodia.
On April 29, 2026, HAG shares closed at VND 16,300 per share, with trading volume of more than 3.8 million units.
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