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LOF International Milk JSC (IDP) reported Q1 2026 results showing net revenue of over VND 1,900 billion, up about 4% year-on-year. The company also recorded a sharp decline in selling and administrative expenses compared with the same period last year.
As a result, LOF posted after-tax profit of VND 244 billion in Q1 2026, nearly 2.3 times the figure in Q1 2025.
For 2026, LOF targets consolidated revenue of over VND 8,300 billion, up 11.7% from 2025. After-tax profit is expected to be about 3 times, reaching around VND 700 billion.
Based on the company’s reported results, LOF has achieved 23% of its revenue target and 35% of its annual profit target.
By end-March 2026, LOF’s total assets were nearly VND 7,800 billion. Cash and cash equivalents and short-term deposits accounted for about a quarter of total assets, with a balance of over VND 1,900 billion.
Retained earnings stood at about VND 1,864 billion.
At the 2026 AGM, LOF approved the 2025 dividend plan at 50–80%. For 2026, the company plans to pay dividends of 20–80%, depending on results and financial conditions.
Shareholders approved adjustments to the Bình Dương branch project, authorizing the board to decide detailed changes, including total project investment, capital contribution schedule, and completion schedule of the project works, to align with actual implementation.
Earlier, in 2022, LOF approved an investment plan for the LOF International Milk – Bình Dương branch project with total investment of VND 2,800 billion. The company planned to contribute VND 300 billion and borrow up to VND 2,500 billion.
The project is planned to be implemented at Lot C-13A-CN Bau Bang Industrial Park in the Ho Chi Minh City area (formerly Long Tan commune, Dau Tieng district, Bình Dương province), to manufacture milk and dairy products, non-alcoholic beverages, and mineral water.
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