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PAN Group has announced its parent company’s Q1 2026 financial results. Notably, net profit after tax reached VND 1,094 billion, up about 40-fold year over year and equivalent to 87.5% of the full-year profit target after just one quarter. Financial revenue rose strongly, and quarterly profit hit a record high. In Q1 2026, the financial activities revenue of PAN Group stood at VND 1,235 billion, ten times the figure for the same period last year. The main contributions came from dividends received from Bibica (VND 660.9 billion) and capital disposal gains (VND 522.2 billion) from Bibica-related transactions. At the same time, interest expenses declined 61% to VND 28 billion. As a result, the parent company’s pre-tax profit reached VND 1,118 billion; net profit after tax was VND 1,094 billion. This was the highest quarterly profit in the Group’s history, placing PAN Group among the rare listed firms reporting a profit above VND 1,000 billion in a single quarter. As of March 31, 2026, total assets of the parent company reached VND 6,467 billion. The standout was cash and cash equivalents rising from VND 3 billion to VND 2,056 billion — up 686 times — representing 32% of total assets, reflecting ample cash after the Bibica exit. Undistributed after-tax profit rose 12x to VND 1,192 billion. Cash dividend plan of 30% expected to be presented to the AGM. Mr. Nguyen Duy Hung, Chairman of PAN Group, has emphasized that if everyone performs well, the first priority is to share assets with shareholders; these assets must be real, clear, transparent, and sustainable, not dependent on who is steering the ship. The Q1 2026 results provide clear evidence of that commitment. With VND 2,056 billion in cash on hand, at the upcoming annual general meeting on April 21, the board will present a plan to pay a 30% cash dividend (3,000 dong per share) — about VND 627 billion to shareholders. Regarding strategy, PAN Group focuses on strengthening its closed-loop agricultural–food ecosystem, and will propose adding real estate activities to exploit the land bank it owns. With 87.5% of the annual profit target achieved in just one quarter, the year-end target pressure for PAN Group has largely disappeared.
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