How did Dien May Xanh earn over 2.2 trillion VND in profit?

After the first quarter of 2026, Dien May Xanh (DMX) had completed approximately 26% of its revenue plan and 30% of its profit target for the whole year, creating strong appeal even before its IPO.

PHOTO: QT

Dien May Xanh (DMX) has just announced its Q1 2026 business results with positive growth: Net revenue reached VND 32,613 billion, a 30% increase compared to the same period last year, while after-tax profit reached VND 2,206 billion, a 49% increase. As a result, the company has completed approximately 26% of its revenue plan and 30% of its profit target for the year in the first quarter.

This result reflects a shift from growth in scale to improvement in quality, driven by various business segments. Specifically, the chains recorded consistent revenue growth, such as Mobile World (+34%), Dien May Xanh (+30%), and TopZone (+42%). Regarding the distribution system, the total number of stores in Vietnam reached 3,020, a decrease of 24 stores compared to the beginning of the year. This indicates that revenue growth mainly came from improving operational efficiency and productivity, rather than expanding the number of stores during this period.

In the consumer finance and utility services sector, results also showed growth. Revenue from deferred payment accounted for approximately 38% of total revenue, a 50% increase compared to the same period last year. The percentage of products eligible for deferred payment reached 97%. The company estimates it holds about 80% of the consumer finance market share in the ICT/CE product group at the Dien May Xanh chain in Vietnam. In the utility services and payment agent segment, the total transaction value reached approximately VND 27,000 billion, with 18 million transactions. The nationwide network of transaction points exceeded 3,000. The company stated that this activity not only helps attract more customers but also generates additional revenue from service fees and financial income.

The Green Appliance Repair Service segment continues to record growth, with revenue reaching approximately VND 701 billion, a 45% increase compared to the same period last year. Notably, revenue from external customers reached VND 125 billion, a 63% increase. The current workforce in this segment exceeds 8,000 people. Revenue from external customers accounts for approximately 18%, indicating that the service segment is gradually shifting from an internal support role to a contributor to revenue and profit. Currently, Green Appliance Repair provides services such as warehousing, delivery and installation, repair and maintenance, warranty, and construction and maintenance.

On the Super App channel, operations continued to expand in scale. Revenue through the platform reached approximately 2 trillion VND, with 44 million visits during the period. The average order value increased by 28% compared to the same period. According to the company, Super App was developed with 6 main feature groups, including promotions, shopping, finance, services, partners, and membership programs. This platform integrates sales, payments, deferred payments, after-sales services, as well as connections with third-party partners, with the aim of becoming a "mega online supermarket".

Source: https://thanhnien.vn/dien-may-xanh-lai-hon-2200-ti-dong-nho-dau-185260422110741793.htm