Everland Group's 2026 Annual General Meeting.

Growth backed by stronger business fundamentals

At the meeting, shareholders approved the Executive Board's report on the Group's 2025 business performance.

According to the report, most key financial and operating indicators met or exceeded the targets approved at the 2025 AGM while recording substantial year-on-year growth.

Consolidated revenue reached VND 1.119 trillion, while consolidated profit after tax totaled VND 98.9 billion, representing a 193% increase compared with 2024. Consolidated total assets increased to VND 6.385 trillion, up 31.4% year-on-year.

Beyond the strong financial results, the Group also achieved meaningful improvements in the quality of its operations and financial position. Construction progress and property sales remained on schedule, increasing the contribution of the real estate segment to consolidated revenue and profit. Credit exposure was maintained at a prudent level, with total outstanding borrowings of VND 1.097 trillion. Both the debt-to-assets ratio and debt-to-equity ratio declined compared with 2024, while key profitability indicators, including return on equity (ROE) and net profit margin, also improved, reflecting stronger operational efficiency.

Everland's core real estate business also achieved several important milestones during 2025. The Group commenced construction of the Xuan Dai Bay Commercial, Service and Resort Complex in Dak Lak Province, completed Phase 1 of Crystal Holidays Harbour Van Don in Quang Ninh Province, and finalized land allocation procedures and legal requirements for the commencement of Crystal Holidays Heritage Ly Son in Quang Ngai Province.

At the same time, Everland accelerated legal procedures for investor selection in a number of new urban development projects in Hai Phong, Phu Tho, and Bac Ninh, further strengthening its medium- and long-term project pipeline.

Building on the positive performance achieved in 2025, shareholders approved the Group's ambitious 2026 business plan, targeting growth of at least 20% across major indicators.

Everland aims to achieve consolidated revenue of VND 2.2 trillion, an increase of 96.57% over 2025, while consolidated profit after tax is projected at VND 170.5 billion, up 72.43% year-on-year. Total assets are expected to reach VND 8 trillion, representing annual growth of 25.3%.

For the parent company, revenue is projected at VND 730 billion, while profit after tax is expected to reach VND 66.8 billion, representing increases of 19.51% and 77.55%, respectively.

These targets demonstrate the Board of Directors' strong commitment to strengthening the Group's core business foundations while enhancing the quality and sustainability of future growth. At the same time, Everland will continue to maintain prudent financial management through strict control of borrowing, disciplined use of financial leverage, and stable cash flow management to ensure resilience under changing market conditions.

Strategic priorities for 2026

The Executive Board also presented several important strategic initiatives for 2026, with Everland focusing on expanding its two core business pillars, real estate and tourism, while building integrated value chains to create sustainable long-term growth drivers.

In the real estate sector, Everland will shift from developing individual projects toward building an integrated real estate ecosystem capable of generating sustainable cash flow. Beginning in 2026, the Group will prioritize the development of mid-market residential products that better match market demand and offer stronger liquidity, thereby creating more stable revenue streams.

At the same time, Everland will continue accelerating construction and sales activities at existing projects to improve capital turnover and realize investment returns, while further developing supporting real estate supply chains to enhance investment efficiency and cash flow.

In tourism, the Group will continue expanding its all-in-one smart tourism ecosystem, combining resort operations with integrated tourism products and services. By diversifying tourism offerings throughout its value chain, Everland aims to enhance customer experiences while generating stable and recurring tourism revenue.

Chairman Le Dinh Vinh presents the Board of Directors' report at Everland Group's 2026 Annual General Meeting.

As part of this strategy, Phase 1 of Crystal Holidays Harbour Van Don will officially commence commercial operations in the second quarter of 2026.

Featuring nearly 1,000 five-star hotel rooms and resort apartments, together with a comprehensive range of facilities, including an international convention center, marina, and integrated commercial and lifestyle amenities, the project has been developed as a fully integrated destination capable of generating multiple revenue streams from accommodation, MICE tourism, hospitality services, retail, and on-site experiences.

The commercial operation of Crystal Holidays Harbour Van Don represents a significant milestone, transforming development assets into recurring operating income while strengthening cash flow and reducing dependence on traditional real estate market cycles. From a financial perspective, this transition is expected to improve key performance indicators, including profitability and earnings per share (EPS), while establishing a stable source of recurring income to support Everland's sustainable long-term growth.

Another strategic priority for the Group is the continued development of a high-quality workforce, modern corporate governance, innovation, digital transformation, and sustainable development in accordance with ESG principles. These initiatives are expected to become key growth drivers supporting Everland's rapid and sustainable expansion throughout 2026 and beyond.

Looking further ahead, Everland targets continuous double-digit annual growth throughout the 2026 – 2030 period, laying a solid foundation for the Group's next stage of development and creating long-term value for shareholders.

Source: CafeF