| Title | X-Stock | HT1 VND 15,900 +15%: Q1/2026 Earnings Update |
|---|---|
| Report Type | Phân tích công ty |
| Source | BSC |
| Bussiness | HT1 |
| Detail |
Date : 18/05/2026 Total pages : 0 Language : English File Type : .PDF FileSize : 441 Kb Download: 0 Download |
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| Short Content |
Q1/2026 EARNINGS UPDATE 1. Net revenue increased by 17% YoY, mainly driven by:
2. Gross margin reached 13.4% (+5.0 ppts YoY). BSC believes the gross margin improvement was supported by a 3% YoY increase in selling prices, which offset other variable costs. 3. Interest expenses reached VND 11 billion (-24% YoY), as short-term debt declined by 29% YoY. Overall, HT1 recorded NPAT-MI of VND 78 billion, compared with a loss of VND 9 billion in the same period last year, mainly driven by: (1) a 12% YoY increase in sales volume; and (2) additional profit contribution from the increase in Phu Huu BOT toll fees. |