MWG Forecasts 80% Q1 2026 Net Profit Growth, Eyes Strong Q2 Peak Season

Overview

At its 2026 Annual General Meeting on April 18, Mobile World Investment Corporation (MWG) CEO Vũ Đăng Linh revealed preliminary Q1 2026 results, projecting approximately 80% year-on-year net profit growth. The company has achieved about 25% of its full-year revenue target after three months, with strong Q2 performance expected due to the peak season for appliances and electronics.

Key Facts

• MWG CEO Vũ Đăng Linh disclosed preliminary Q1 2026 results at the company’s Annual General Meeting on April 18, 2026.
• The company estimates Q1 2026 revenue of VND 46,000-47,000 billion and net profit of VND 2,700-2,800 billion.
• Q1 2026 net profit represents approximately 80% year-on-year growth compared to the same period last year.
• MWG has achieved about 25% of its full-year 2026 revenue target and 29-30% of its net profit target after three months.
• Full-year 2026 targets include consolidated net revenue of VND 185,000 billion and consolidated net profit after tax of VND 9,200 billion.
• The company expects strong Q2 2026 results driven by the peak season for cooling appliances, electronics, and other retail chains.
• As of end-February 2026, MWG’s ecosystem included 2,758 Bách Hóa Xanh stores, 2,008 Điện Máy Xanh stores, 1,014 Thế Giới Di Động stores, 404 An Khang pharmacies, 198 Erablue stores, and 91 AVAKids stores.

What Happened

During Mobile World Investment Corporation’s (MWG) 2026 Annual General Meeting on April 18, CEO Vũ Đăng Linh presented preliminary business results for the first three months of the year. According to his statements at the meeting, MWG has achieved approximately 25% of its full-year revenue target and 29-30% of its net profit target for 2026. The company estimates Q1 2026 revenue of VND 46,000-47,000 billion and net profit after tax of VND 2,700-2,800 billion, representing approximately 80% year-on-year growth in net profit.

Linh expressed confidence that MWG’s Q2 2026 business results would also show strong growth as the company enters the peak season for cooling appliances, electronics, and other retail chains. He noted that all business chains still have significant growth potential. The CEO’s statements build on previously disclosed results showing MWG achieved VND 32,200 billion in revenue in the first two months of 2026, a 31% increase year-on-year, with Điện Máy Xanh (DMX) contributing nearly VND 23,000 billion (up over 35%) and Bách Hóa Xanh (BHX) contributing nearly VND 8,800 billion (up 24%).

Market Context

MWG (HOSE: MWG) closed at VND 81 on April 15, 2026, down 1.10% with volume of 3,065,500 shares. The preliminary Q1 guidance comes as the Vietnamese retail sector continues to recover from previous economic challenges, with consumer electronics and appliances showing particular strength. MWG’s guidance suggests the company is tracking ahead of its full-year targets, which call for 18% revenue growth and 30% net profit growth compared to 2025.

Strategic Significance

The 80% projected net profit growth for Q1 2026 indicates MWG’s multi-chain retail strategy is gaining traction, particularly in electronics and appliances where peak seasonal demand provides natural momentum. The company’s ability to achieve 25% of its annual revenue target in just three months suggests operational efficiency improvements across its 6,473-store ecosystem. This performance supports MWG’s strategic pivot toward higher-margin categories and omnichannel integration following previous restructuring efforts.

What to Watch

• Official Q1 2026 financial results release date and audited figures.
• Q2 2026 performance metrics during the peak season for cooling appliances and electronics.
• Progress toward full-year targets of VND 185,000 billion revenue and VND 9,200 billion net profit.
• Same-store sales growth across different retail chains (Điện Máy Xanh, Bách Hóa Xanh, Thế Giới Di Động).
• Margin trends in electronics versus grocery segments as the product mix evolves.