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Overcoming the market headwinds in 2025, Moc Chau Milk's strengthened finances and infrastructure built over the past year provide a solid foundation for the company to pursue new profit milestones in 2026. Specifically, the audited financial statements for 2025 show net revenue of 2,834.9 billion VND and net profit after tax of 215.7 billion VND. The ability to maintain stable financial metrics and a positive outlook demonstrates the management's resilience in the face of macro challenges. The company maintains a tight supplier ecosystem, with partnerships with more than 500 local farming households and managing a cattle herd of over 26,000. This sustainable ecosystem ensures a stable raw material supply, 100% clean fresh milk, and high quality, even in volatile markets. This underpins the strategic shift from traditional milk to high-value-added products, exemplified by the launch of the Moc Chau Creamery brand. In 2025, Moc Chau Milk completed a series of infrastructure projects to address raw materials and processing capacity. The ecological farm project with a scale of 4,000 cows in Moc Chau is now 95% complete and is rapidly installing equipment to commence operation in Q3 2026. At the same time, the high-tech milk plant—core in the value chain—has completed 82% of land clearance. A notable highlight from the 2026 annual general meeting was the governance framework that emphasizes transparency and investor interests. The meeting approved a dividend plan for 2025 of 20% per share, with a total payout of up to 220 billion VND. The company had already advanced 10% per share at the end of 2025; the remainder will be paid to ensure shareholders’ benefits. The meeting also approved dissolving the Development Investment Fund into undistributed profits and stopping accruals from 2026, a strategic move to optimize financial management and enable more flexible cash flow. With a solid financial foundation, Moc Chau Milk is confident in targeting a minimum dividend of 50% of net profit for 2026. Vision 2026: A new peak in profit. For 2026, the company targets net revenue of 3,126.4 billion VND (up 10.3%) and net profit after tax of 241 billion VND (up 11.7%). In Q1 2026, the company already posted revenue of 741.6 billion and net profit of 80.1 billion, up 67.7% year-on-year, showing that the operating optimization strategy and the appeal of new product lines are on track. The 2026 strategy centers on refreshing the distribution system and aggressively positioning Moc Chau Creamery. The company plans to open an additional 5,000 points of sale, expanding into the Central and Southern regions, and developing modern channels such as supermarkets, mini stores, convenience stores, Vinamilk & Moc Chau Milk showrooms, and e-commerce on Shopee and TikTok Shop. In addition, R&D will focus on green products, environmentally friendly packaging, and premium pasteurized milk meeting international standards. The application of technology and digitalization in governance will help raise management capability and enable faster responses to market changes. Maintaining a high dividend policy amid market volatility is a clear testament to Moc Chau Milk's internal strength. Ongoing efforts to upgrade infrastructure, innovate products, and optimize finances today are a strong commitment to sustainable growth.
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