Novaland aims for a profit of 1,852 billion VND this year.

Novaland aims for a profit of VND 1,852 billion in 2026, which will also be the final year of its restructuring process, gradually fulfilling its commitments to investors and entering a phase of renewed growth.

Novaland Investment Group Joint Stock Company (HoSE: NVL; Novaland ) has just announced the documents for its 2026 annual general meeting of shareholders, to be held on April 23rd.

Accordingly, Novaland plans to achieve net revenue of VND 22,715 billion in 2026, a 3.26-fold increase compared to the 2025 results; the target for 2026 is to be profitable with a planned after-tax profit of VND 1,852 billion. The company does not plan to pay dividends in 2026.

In 2026, Novaland will accelerate construction and handover at the following project clusters: Aqua City, NovaWorld Phan Thiet, NovaWorld Ho Tram, The Grand Manhattan, Victoria Village, Palm City…

Regarding the issuance of land ownership certificates, it is expected that certificates will be handed over at the following projects: Sunrise Riverside, Kingston Residence, The Sun Avenue, Lucky Palace, Sunrise City, Orchard Garden, Palm City, Tresor, Golden Mansion, Garden Gate…

Novaland plans to achieve net revenue of VND 22,715 billion in 2026, a 3.26-fold increase compared to the 2025 results.

Novaland stated that, to date, the comprehensive restructuring process has essentially completed phase 1 with significant progress in financial performance, corporate governance, and project progress. The company aims for 2026 to be the final year of restructuring, gradually fulfilling its commitments to customers and investors, entering a phase of renewed growth, and moving towards sustainable development.

Regarding the planned private placement of 350 million shares not yet completed in 2025, Novaland stated that it is continuing to seek investors with a long-term cooperation orientation and who meet the investor selection criteria to proceed with the project in 2026. The company also plans to submit to the general meeting for approval an increase in the number of shares and a price adjustment to optimize the issuance value and shareholder benefits.

Regarding the plan to issue shares to exchange for the principal balance of bonds, the Company has sought the opinions of bondholders, but has not yet reached a consensus. Therefore, it cannot be implemented in 2025 and is expected to be implemented in 2026.

Regarding convertible loans, in 2025, Novaland raised VND 2,500 billion in capital, with a 3-year term from the date of disbursement. The company is actively seeking suitable investors to continue implementing the approved plans in 2026. Based on the current stock and financial market situation, the Board of Directors has assessed and found these options to be a promising channel for raising capital, providing operating funds for the company.

With an international bond package worth over $300 million (interest rate of 5.25%/year) that has been repeatedly amended by the parties since 2024, Novaland plans to present a new restructuring plan to the general meeting for approval, including extending interest payments and extending the maturity date by one year.

Recently, several international bondholders have converted their outstanding bond debt into shares. Specifically, most recently, the Board of Directors of Novaland approved a plan to issue nearly 2.48 million shares to one foreign investor to convert 15 bonds with a total conversion value of VND 84.2 billion, with the conversion date set for March 31, 2026.

Previously, during the conversion on December 31, 2025, four foreign investors were issued a total of 20.75 million shares to convert 133 bonds with a total conversion value of VND 747 billion.

Elect two additional members to the Board of Directors and one independent member to the Board of Directors.

At this year's General Meeting, the Novaland Board of Directors will also present to the Shareholders' Meeting a Board structure comprising 5 members, including 1 independent Board member. To replace the 3 current positions on the Board of Directors whose terms will expire in 2026, Novaland is preparing to elect 2 Board members and 1 independent Board member (for a 5-year term).

Source: https://baodautu.vn/novaland-dat-muc-tieu-nam-nay-lai-1852-ty-dong-d559449.html