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FOC shares are trading around 67,200 dong per share, about 6% higher than at the start of the year. FPT Online’s commerce unit reported strong profitability in Q1 2026, supported by improved gross margins.
FPT Online (FOC, ticker: FOC) announced Q1 2026 financial results with net revenue of nearly 139 billion dong, up 18% year over year. Cost of goods sold increased by only 2%, enabling gross profit to rise 37% to nearly 73 billion dong.
The gross profit margin improved from 45% year over year to 52% in Q1 2026.
Financial revenue rose 4% to nearly 11 billion dong. Selling expenses increased 21%, while administrative expenses declined slightly by 1%.
As a result, FPT Online posted pretax profit of nearly 40 billion dong and net profit of 32 billion dong, up 70% year over year.
As of March 31, 2026, FOC’s total assets were 897 billion dong, down about 8% from the start of the year. Cash and cash equivalents were around 763 billion dong, accounting for 85% of total assets.
Short-term receivables reached 73 billion dong. Customer receivables were nearly 80 billion dong, down about 46%. The company also provisioned more than 16.7 billion dong for doubtful debts.
On the liabilities side, equity exceeded 802 billion dong at year-end, up 4% from the start of the year, with retained earnings of 582 billion dong. Liabilities were nearly 95 billion dong, mainly short-term prepayments. FPT Online has no financial debt.
FPT Online approved extending the time for the 2026 annual general meeting to before June 30, 2026, to allow time for preparing materials.
FOC shares are trading around 67,200 dong per share, about 6% higher than at the start of the year.
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