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In Q1 2026, Vietnam Livestock Corporation Joint Stock Company (UPCoM: VLC) recorded revenue of VND 822 billion, up 34% year over year. Cost of goods sold rose more slowly than revenue to VND 634 billion, supporting gross profit to increase 55% to VND 187 billion.
After deducting expenses, net profit after tax reached VND 38.6 billion. Net profit stood at nearly VND 20 billion, up 246% and more than 2,000% year over year.
For 2026, VLC set a target for consolidated revenue of VND 3,731 billion, up 20% from 2025. Net profit after tax is expected to decline 17% to VND 19.3 billion. By the end of Q1, the company had completed 22% of the revenue plan and exceeded the annual profit target after only the first quarter.
As of the end of Q1, total assets were VND 6,518 billion, down slightly compared with the start of the year. Current assets accounted for 57%, totaling over VND 3,688 billion. Cash and cash equivalents were around VND 2,823 billion, down about VND 100 billion from the beginning of the year.
In 2025, VLC reported revenue of VND 3,112 billion, up 5.2% year over year. Profit before tax was VND 43.8 billion, down 68.3% year over year.
For the 2025 profit distribution plan, undistributed profits at year-end were over VND 538 billion. The AGM approved retaining all of these profits to strengthen funds for operations and investment in key projects instead of paying dividends.
VLC’s main activities include breeding cattle and producing cattle and pig breeds; dairy processing; real estate; and retail meat and meat products. The company was established in 1996 as Vietnam Livestock Corporation under the Ministry of Agriculture and Rural Development, privatized in 2013, and listed on UPCoM since 2015.
Vinamilk (VNM) holds 68.9% of VLC’s charter capital, equivalent to 146.4 million shares. Mai Kiều Liên currently serves as Chairwoman of VLC’s Board of Directors.
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