Novaland targets net profit of over VND 1,850 billion in 2026

NVL sets a target to achieve a profit of more than VND 1,850 billion in 2026 Minh Huy April 14, 2026, 19:49 Illustration image According to the latest information from No Va Real Estate Investment Group Joint Stock Company - Novaland (HOSE: NVL), the company’s financial structure and business operations are undergoing adjustments during the restructuring phase, with Novaland building a plan for growth recovery. As of the end of 2025, NVL had reduced privately issued bond debt by about 18% (compared with end-2022), cutting more than VND 3,324 billion of debt through equity exchanges with shareholders and converting a portion of the international bond package. In addition, some new borrowings have been disbursed, contributing to financial resources for project implementation. The total credit limit has been granted and is expected to be increased for projects reaching nearly VND 30,500 billion, currently being disbursed according to construction progress. Based on the plan to be presented to the General Shareholders Meeting on 23 April 2026, and depending on practical feasibility, Novaland targets net revenue for 2026 of VND 22,715 billion, 3.26 times higher than 2025. The company also plans to return to profit with net income after tax of VND 1,852 billion. This year, Novaland focuses on stabilizing cash flow by accelerating handovers with an expected delivery volume of more than 2,600 units, and continues to launch new sales with more than 2,100 units ready for sale. Additionally, cumulatively through 2030, the revenue potential from ongoing projects is expected to reach over VND 470,000 billion. Representing the company said they will prepare for the growth phase after restructuring by expanding land banks in areas connected to key infrastructure and population movement trends. Currently, the company still has over 2,400 hectares of undeveloped land, concentrated in areas with potential for economic development and tourism. In addition, the leadership for the new term is expected to be consolidated at the upcoming AGM, including elections of the Board of Directors in accordance with regulations to replace positions whose terms expire in 2026. Earlier, regarding the project’s legal progress, Mr. Duong Van Bac, CEO of Novaland Group, said Aqua City is expected to start issuing land-use certificates to buyers from June 2026 following a phased schedule. Between 2021 and 2023, this project had almost no notable legal progress due to procedures related to planning, land, and financial obligations not being completed. This caused project progress to stall and extended the time required to issue certificates for delivered products. First, in June 2026, certificates are expected to be handed over to 752 first residents in Sun Harbor 2 and Ever Green 1, after which the remaining phases will proceed. Mr. Duong Van Bac added that from now until 2027, the company expects to deliver about 9,200 units at this project. At the same time, construction of facilities such as a K-12 school, a hospital, and a shopping center will be carried out according to the plan.