Vicostone (VCS) targets 2026 revenue growth despite cautious outlook

Vicostone (VCS) targets 2026 revenue growth despite cautious outlook

To meet its goals, Vicostone said it will expand its presence in key markets including the US, Canada and Europe, while developing new products.

Vicostone's 2026 annual general meeting in Hà Nội on Friday. — Photo courtesy of the company

Vicostone Joint Stock Company has set a net revenue target of nearly VNĐ4.2 trillion (US$164 million) in 2026, up 1.4 per cent from a year earlier, while forecasting pre-tax profit to fall 10.6 per cent to VNĐ744 billion.

The goals were announced at the company's 2026 annual general meeting in Hà Nội on Friday. 

To meet its targets, Vicostone said it will expand its presence in key markets including the US, Canada and Europe, while developing new products.

The company added it would prioritise building a more autonomous and sustainable supply chain, improving cost efficiency and operations, strengthening risk management and workforce quality and advancing sustainable development in line with ESG principles.

Vicostone, a member of Phenikaa Group, said it viewed 2025-26 as a period requiring cautious management and flexible adaptation, focusing on financial stability, proactive risk management, market diversification and green transformation aligned with ESG principles.

The company reported net revenue of approximately VNĐ4.13 trillion in 2025 and pre-tax profit of nearly VNĐ823.4 billion, achieving 87.5 per cent and 85.4 per cent of its targets, respectively.

Vicostone attributed the results to a challenging global backdrop marked by geopolitical tensions, rising trade protectionism and tighter monetary policy, which weighed on demand in key markets.

In the US, its largest market, economic growth slowed to 2.2 per cent from 2.8 per cent in 2024, the company said, citing the impact of a government shutdown and persistent inflationary pressures.

Property and construction markets in the US, Canada and Europe also weakened due to high costs, affecting demand for surface materials.

Despite the headwinds, Vicostone said it maintained stable operations and a solid financial position. Its pre-tax profit margin stood at 20.2 per cent in 2025, while debt ratios remained low, with debt-to-assets at 0.1 and debt-to-equity at 0.12.

Inventory levels fell by VNĐ228.3 billion year-on-year, reflecting improved resource allocation and working capital efficiency, the company added.

The company said it would continue strengthening internal capabilities and adapting to market volatility as part of its long-term sustainable development strategy. 

Bizhub