FPT (FPT) investor relations material

Executive summary

• Achieved double-digit profit growth in Q1 2026, with revenue up 8.7% and profit before tax up 16.3% year-over-year.

• Profit after tax rose 13.8% year-over-year, and EPS increased 13.7% compared to Q1 2025.

• Growth was driven by strong performance in the Japanese and European markets, with Japanese revenue up 18.8% and European revenue up 44.4% year-over-year.

• The Group changed its accounting treatment for FPT Telecom (FTEL) from full consolidation to the equity method, impacting segment reporting and comparability.

Financial highlights

• Revenue reached VND 12,480 billion, up from VND 11,476 billion in Q1 2025.

• Profit before tax was VND 2,804 billion, up from VND 2,412 billion year-over-year.

• Profit after tax to parent company shareholders was VND 2,487 billion, up 14.4% year-over-year.

• Gross profit reached VND 4,244,890 million, with gross margin improving to 34.0% from 32.1% year-over-year.

• EPS increased to VND 1,460 from VND 1,284, a 13.7% rise year-over-year.

Outlook and guidance

• Management expects continued growth, driven by digital transformation, large-scale AI contracts, and international market expansion, especially in Japan and Europe.

• Strategic partnerships and education investments are expected to support long-term growth and talent supply.

• Ongoing optimization and market expansion efforts are expected to support future profitability.