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Nhựa Tiền Phong Joint Stock Company (stock code: NTP) held its 2026 annual general meeting of shareholders (AGM) on the morning of April 28, 2026, with 132 delegates attending, representing 153,039,423 shares, equivalent to 89.48% of the voting shares.
In 2025, NTP reported total revenue from product sales of VND 6,454 billion and pre-tax profit of VND 1,138 billion, rising by about 16% and 33%, respectively, compared with 2024—its highest levels in the company’s development history.
At the meeting, Mr. Chu Van Phuong, a member of the board of directors and the company’s CEO, said that amid competitive pressure in the building materials industry, the company’s growth momentum came from expanding market share nationwide, accelerating project development, and maintaining a leading position in the Northern region. He noted that in 2025, the number of projects reached increased by 13%, more than 74% of signed projects were implemented, and revenue exceeded the plan by over 10%.
In the consumer channel, revenue grew nearly 20%, supporting stable consumption. The company also accelerated investment in machinery and equipment, adopting robotics in production. As a result, output increased to about 133,765 tons per year, improving productivity while meeting safety standards and moving toward sustainable development.
Dividend payouts continued at the highest level to date, at a rate of 50%. Of this, cash dividends payable from charter capital account for 30% (over VND 513 billion), and the remaining 20% is paid in shares (over VND 342 billion).
Previously, the company advanced the first cash dividend installment in 2025 at 15%, paid in January 2026. The company expects to pay the second installment totaling more than VND 256 billion after AGM 2026 approval.
For 2026, the leadership set targets of total revenue at VND 7,330 billion, pre-tax profit at VND 900 billion, and sales volume of 148,000 tons, maintaining about 10% growth in line with the government’s development direction.
Responding to shareholders’ concerns about the impact of raw material prices, the board discussed market dynamics in detail. Since the end of Q1/2026, PVC prices increased by about 65%, HDPE by nearly 100%, and PP-R pellets by about 75% versus the 2025 average. Supply has also tightened due to geopolitical tensions in the Middle East.
Raw materials accounted for about 74.6% of total costs, putting strong pressure on profit margins. Although the company adjusted selling prices, the increases have not fully offset input cost rises. Transport and borrowing costs have also increased.
Chairman of the Board Mr. Dang Quoc Dung said the company is proactively implementing multiple measures to control input costs, helping limit price increases in line with global price trends. He added that this approach supports stable production and business operations while ensuring balanced benefits for the distribution system, partners, and customers—particularly major partners running multiple projects simultaneously.
Mr. Dang Quoc Dung also stated that Nhua Tien Phong will continue investing in technology, optimizing operations, and promoting green transformation, with broad ESG integration in governance to create more sustainable value for shareholders, partners, and society.
This direction is reflected in a near VND 468 billion investment plan for 2026, focusing on upgrading machinery, equipment, and production infrastructure.
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