ROX Key Holdings H1 2026 Profit Up 35%, Declares 5% Cash Dividend
This Aveluro analysis covers TN1 (Rox Key Holdings) on HOSE in the Real Estate sector. The classified event type is earnings beat, with positive sentiment and a deterministic market-impact score of 8.4/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, 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
ROX Key Holdings (TN1) announced strong first-half 2026 results, with revenue up 48.2% and net profit up 35.1% year-on-year. The company also declared a 5% cash dividend and a 10% stock dividend, reflecting its robust cash flow and commitment to shareholder returns. TN1, listed on HOSE, operates in the real estate management and operations sector.
Key Facts
- H1 2026 revenue reached VND 609.4 billion, up 48.2% from VND 411.3 billion in H1 2025.
- Net profit after tax for H1 2026 was VND 127 billion, up 35.1% year-on-year.
- Gross profit rose 71.3% to VND 180.1 billion, outpacing revenue growth.
- Q2 2026 revenue was nearly VND 317.9 billion, up 43.4% year-on-year.
- Cash dividend of 5% (VND 500 per share) to be paid, totaling over VND 30 billion for 60.1 million outstanding shares.
- Stock dividend of 10% (10 new shares per 100 held) will increase charter capital from VND 601 billion to over VND 661 billion.
- The company maintains a 15% dividend rate for 2026.
What Happened
ROX Key Holdings (TN1) released its consolidated financial statements for the first half of 2026, showing significant growth. Revenue increased by 48.2% to VND 609.4 billion, while net profit after tax rose 35.1% to VND 127 billion. The company’s gross profit grew even faster, up 71.3% to VND 180.1 billion, indicating improved operational efficiency.
In addition to the earnings report, the company announced a cash dividend of 5% for 2025, paying VND 500 per share, and a stock dividend of 10%, issuing over 6 million new shares. These distributions will be funded from retained earnings as of end-2025. The company also reiterated its 15% dividend target for 2026.
Market Context
TN1 closed at VND 14,300 on August 19, 2026. The stock has been trading in a range, and the strong H1 results, coupled with the dividend announcement, may attract investor attention. The real estate management and operations sector in Vietnam has been growing steadily, and TN1’s performance aligns with this trend. The company is part of the ROX Group ecosystem, which provides a diversified platform.
Strategic Significance
TN1’s results highlight its successful execution in the real estate management and operations niche, where it offers services in property management, hotel management, staffing, and technology. The faster growth in gross profit relative to revenue suggests improving margins, possibly due to operational leverage or higher-value services. The dividend payout, including a stock dividend, signals management’s confidence in future cash flows and aligns with a strategy to reward shareholders while retaining capital for growth. The company’s target of VND 1,100 billion in revenue for 2026 appears achievable, given it has already reached 55% of that goal in H1.
What to Watch
- Q3 2026 earnings release to see if growth momentum continues.
- Completion of the stock dividend issuance and charter capital increase.
- Updates on the company’s progress toward its full-year 2026 revenue target of VND 1,100 billion.
- Any changes in leadership, as Chairwoman Phạm Thị Vân Hà has submitted her resignation.
- Market reaction to the dividend announcement and overall sector performance.