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Following solid business results in 2025, Thiên Long set a 2026 revenue target of VND 4.4 trillion, with a focus on expanding international markets and enhancing product value. The information was disclosed at the company’s 2025 annual general meeting of shareholders held on April 22 in Ho Chi Minh City.
The 2026 business plan was approved with targets including net revenue of VND 4.4 trillion, up 5.4%; net profit after tax of VND 440 billion; and an expected dividend payout of 35%. A company representative said that amid macroeconomic and geopolitical volatility, profit guidance was adjusted slightly downward compared with the previous year. The approach is intended to maintain financial stability and protect shareholders’ interests over the long term.
Alongside the financial targets, Thiên Long said 2026 marks a milestone as the company celebrates 45 years of formation and development. The year is positioned as the start of a new growth cycle, with priorities including expanding international markets and strengthening operating capabilities. By 2030, the company aims to become an internationally recognized office supplies conglomerate.
The company outlined its development direction around three pillars:
Thiên Long also plans to expand OEM-ODM activities to deepen participation in the global value chain. OEM-ODM includes OEM manufacturing to customer designs and technical specifications, and ODM designing and producing products that are then sold to partners under their own brands.
The company said rising and less predictable material costs remain an ongoing pressure. Rather than sharply raising prices, Thiên Long plans to prioritize stability in its distribution network and maintaining market share. It will also increase employee compensation to strengthen internal resources, while continuing manufacturing and operational optimization measures to control costs and support the profit targets.
Thiên Long reported that its 2025 results show the growth platform remains intact. Net revenue reached VND 4,174 billion, up 11.1% from 2024 and equivalent to 99% of the plan. Net profit after tax reached VND 446 billion, down 3.3% year-on-year but still 99% of the plan.
The company attributed the profit adjustment to a growth-oriented strategy, including increased spending on sales and promotional programs to bolster market share.
Financial indicators remained positive, with ROAE at 18.3% and ROAA at 12.9%, indicating stable capital and asset efficiency.
By market, domestic revenue reached VND 2,989 billion, accounting for 71.6% of total revenue. The e-commerce channel recorded 99% growth, with TikTok Shop up 258% supported by a digital content strategy targeting younger consumers. The modern retail channel rose 16% after restructuring the distribution system.
International revenue reached VND 1,185 billion, up 17.1% and representing 28.4% of total revenue. The company expanded its presence in Southeast Asia, with growth in Thailand and Nepal. OEM activities continued to support international standards and market expansion.
Thiên Long said its production and technology capabilities remain key advantages. The company designs equipment and molds with high precision and maintains nearly full autonomy over complex tooling needs. It also uses Swiss technology to manufacture pen tips with high precision, supporting quality control and cost optimization.
R&D remains a strategic pillar. In 2025, Thiên Long developed 60–80 new products, generating VND 283 billion in revenue and surpassing the plan. The improvements focused on core product groups to enhance user experience and meet learning and creative needs.
In Q1 2026, despite a seasonally weak period, Thiên Long still posted positive results due to continued market investments made in the prior year. Consolidated net revenue reached VND 1,000 billion, up VND 206 billion, or 26% year-on-year. Domestic market revenue grew 29%, while exports increased 20% versus Q1 2025.
Net profit after tax in the first three months reached VND 116 billion, up VND 37 billion, or 47% year-on-year, driven by higher sales and improved gross margin.
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