NVT Posts Record H1 Profit of 69.2B VND, Revenue Up 25.9%
This Aveluro analysis covers NVT on HOSE in the Real Estate sector. The classified event type is earnings beat, with positive sentiment and a deterministic market-impact score of 9.8/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from Tuổi Trẻ - Kinh doanh, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
Ninh Van Bay (NVT), a real estate and hospitality firm listed on HOSE, announced its highest-ever first-half net profit of 69.2 billion VND, a 67.8% increase year-on-year. Revenue reached 297 billion VND, up 25.9%, supported by lower interest expenses and a rebound in domestic tourism. However, accumulated losses still stand at 678 billion VND, and the stock remains under warning status.
Key Facts
- H1 2026 net profit: 69.2 billion VND, up 67.8% year-on-year.
- H1 2026 revenue: 297 billion VND, up 25.9% year-on-year.
- Q1 2026 profit: 36 billion VND; Q2 2026 profit: 33.2 billion VND.
- Accumulated losses as of June 30, 2026: 678 billion VND, down from 705 billion VND at end-2025 and 722 billion VND at end-2024.
- Charter capital: 905 billion VND.
- The company operates Six Senses Ninh Van Bay, with villas priced from 24.4 million VND per night to 181 million VND per night for The Rock Retreat.
- NVT closed at 7,980 VND on September 8, 2026.
What Happened
Ninh Van Bay (NVT) released its consolidated financial statements for the first half of 2026, showing a record net profit of 69.2 billion VND, up 67.8% from the same period last year. Revenue increased 25.9% to 297 billion VND. In an explanatory note sent to the State Securities Commission and HOSE on August 28, the company attributed the parent company’s profit growth to lower interest costs as loan balances decreased.
At the consolidated level, the company said its subsidiaries continued to grow thanks to the recovery of the domestic tourism market, with only one subsidiary affected in Q2 due to the temporary closure of Liên Khương airport. As of June 30, 2026, accumulated losses stood at 678 billion VND, a reduction from 705 billion VND at the end of 2025 and 722 billion VND at the end of 2024. The accumulated losses keep NVT shares under warning status.
Market Context
NVT shares closed at 7,980 VND on September 8, 2026, reflecting a market capitalization of approximately 722 billion VND. The stock has been under warning status due to accumulated losses, which limits its appeal to some institutional investors. The company operates in the hospitality and real estate sector, which has been recovering as domestic tourism rebounds. The broader Vietnamese market has seen mixed performance, with tourism-related stocks benefiting from increased travel demand.
Strategic Significance
For long-term investors, NVT’s record profit signals a turning point after years of losses. The reduction in interest costs and improved operational performance at its resorts, particularly Six Senses Ninh Van Bay, indicate that the company is on a path to profitability. However, the accumulated losses of 678 billion VND remain a significant overhang, and the company must sustain this momentum to eventually clear its deficit and exit the warning status. The strategy of targeting domestic customers and expanding international marketing, especially in markets with direct flights to Khánh Hòa and Lâm Đồng, could support continued growth.
What to Watch
- Q3 2026 earnings release to see if profit growth continues.
- Progress on reducing accumulated losses and potential removal of warning status.
- Updates on international flight routes to Khánh Hòa and Lâm Đồng.
- Any changes in loan balances and interest costs.
- Occupancy rates and average daily rates at Six Senses Ninh Van Bay.