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Novaland Group (NVL) reported its consolidated first-quarter 2026 financial results with revenue of about 3,587 billion VND, doubling the same period year‑over‑year and the highest in five quarters. The main driver was real estate transfers, posting 3,452 billion VND, up 111% year‑on‑year. This revenue primarily came from handover of products at Sunrise Riverside, Aqua City, NovaWorld Phan Thiết, NovaWorld Hồ Tràm, along with transfers of land use rights. Meanwhile, cost of sales grew more slowly than revenue, helping gross profit rise 2.9x to 1,889 billion VND. Financial income also increased 58% to 816 billion VND. After deducting expenses, Novaland recorded net profit after tax of about 860 billion VND (~10 billion VND per day), significantly higher than a loss of more than 476 billion VND in the same period last year. This marks the second consecutive quarter of profit. As of March 31, 2026, total assets reached 253,145 billion VND, up slightly from the beginning of the year. Inventories accounted for 154,608 billion VND. Liabilities stood at 193,308 billion VND, with borrowings around 68,000 billion VND, primarily long‑term bank borrowings. In contrast, debt from bonds decreased by nearly 5%, to just over 23,800 billion VND. Regarding executive compensation, despite the shift from loss to profit, Chairman Bùi Thành Nhơn’s remuneration remained 300 million VND in the quarter, while CEO Dương Văn Bắc was the highest paid, earning 1.2 billion VND in the quarter (approximately 400 million VND per month).
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…
