911 Group (NO1) Q1 2026 earnings summary

Executive summary

• Main business activity in Q1 2026 was wholesale of machinery and equipment, with additional activities in vehicle sales and rentals.

• Two subsidiaries contributed to consolidated results: one in passenger transport, one in machinery wholesale.

Financial highlights

• Net revenue for Q1 2026 reached VND 123.1 billion, with gross profit of VND 24.1 billion.

• Net profit after tax was VND 321 million, a significant decrease compared to prior periods.

• Cash and cash equivalents dropped sharply to VND 26.4 billion from VND 125.5 billion at the start of the year.

• Total assets decreased to VND 610.6 billion from VND 807.9 billion at the start of the year.

• Owner's equity remained stable at VND 320.4 billion.

Outlook and guidance

• Financial statements prepared on a going concern basis, with compliance to Vietnamese Accounting Standards.