TKV reports Q1 2026 consolidated revenue exceeding plan as all coal units meet or exceed output targets

Vietnam National Coal and Mineral Industries Group (TKV) estimates its Q1 2026 consolidated revenue at 42.369 billion dong, with 100% of its coal-producing units completing and exceeding the production plan. In the quarter, TKV produced over 9.5 million tonnes of raw coal.

Q1 2026 production and revenue performance

In March 2026 and for the full Q1 period, TKV’s raw coal output reached 3.61 million tonnes, equivalent to 105.9% of the monthly plan. The cumulative Q1 total for raw coal was 9.53 million tonnes.

Clean coal output in March and Q1 reached 3.57 million tonnes, or 101.2% of the plan, bringing the cumulative Q1 total to 9.65 million tonnes.

Coal consumption in March was 5.01 million tonnes, equal to 107.2% of the plan, with cumulative Q1 coal consumption totaling 11.88 million tonnes.

Operational execution under cost pressure

TKV said 100% of its coal-producing units completed and exceeded the planned raw coal output, describing it as a rare achievement for a month facing heavy cost pressure.

• Shaft mining meters: 25,800 metres (105.3% of plan)
• Earth/rock excavation: 12.9 million square metres (102.7% of plan)

April outlook amid geopolitical disruption

As April 2026 begins, TKV highlighted an unpredictable external variable: conflict among the United States, Israel and Iran disrupting shipments through the Hormuz Strait. TKV said this has pushed oil prices higher and is creating broad global inflationary pressure.

For TKV, the immediate impact is higher input fuel costs for mining and transport, which is expected to erode margins. At the same time, TKV noted that world market prices for coal and minerals are also fluctuating unpredictably.

Production priorities and risk mitigation

Despite the uncertainty, TKV set April production targets at levels similar to Q1. To protect production results from geopolitical risk, the group prioritizes ensuring coal supply that is ready to mobilize for power plants, particularly during the dry season when electricity demand rises.

TKV also plans to intensify efforts to find new export markets, prioritizing higher-value-added coal types with greater added value.

In parallel, the group said it is strengthening occupational safety and disaster prevention for the 2026 monsoon season, along with guarding mine boundaries.

Cost reduction and productivity measures

TKV identified accelerating mining mechanization and applying digital transformation in operational management as key solutions to reduce labor costs and improve long-term productivity.

Key target for March 2026 and 2026 supply readiness

TKV set a target to produce 3.4 million tonnes of coal in March 2026. The group said it is ready to supply sufficient coal for electricity generation in 2026 and remains a pillar of energy security, laying the foundation for the 2026–2030 period.