Ho Chi Minh City, April 24, 2026 – Coteccons Construction Joint Stock Company (HOSE: CTD) today announced its business results for the third quarter of fiscal year 2026 (accounting period from January 1, 2026 to March 31, 2026). The Company continued to record positive year-on-year growth in both revenue and profit, reaffirming the effectiveness of its management strategy and execution capabilities amid a challenging market environment.
Consolidated business results for Q3 and 9M FY2026
In Q3 FY2026, net revenue reached VND 6,409 billion, representing an approximately 28% increase YoY (Q3 FY2025: VND 5,003 billion). Cumulative net revenue for the first 9 months was estimated at VND 23,868 billion, up approximately 43% YoY (compared with VND 16,647 billion), equivalent to around 80% of the FY2026 Annual Operating Plan (AOP FY26).
Gross profit for Q3 reached VND 287 billion, an increase of approximately 84% YoY. For the first nine months of the fiscal year, gross profit was estimated at VND 980 billion, representing a 75% increase compared to the same period last year.
Profit after tax in Q3 amounted to VND 119 billion, up approximately 108% YoY. Cumulative profit after tax for the first nine months was estimated at VND 642 billion, increasing by approximately 152% YoY, and achieving around 92% of the FY2026 AOP.
Net profit margin for Q3 reached 1.86%, up 0.71 percentage points YoY. For the first nine months of FY2026, the net margin was estimated at 2.69%, improving by 1.16 percentage points.
Against the backdrop of the construction industry facing pressures from rising material prices and labor costs due to global geopolitical developments and a high consumer price index (CPI), Coteccons’ ability to sustain positive year-on-year growth highlights significant enhancements in corporate governance and operational efficiency.
Backlog reaches a new record high
Total new contract wins during the first nine months of FY2026 amounted to nearly VND 48,000 billion, lifting Coteccons’ carry-forward backlog to approximately VND 65,500 billion as of the end of Q3. This continues to set a new all-time high in the Company’s operating history and provides a solid foundation for revenue growth in the coming periods.
The proportion of repeat sales projects during the first nine months of FY2026 remained high at over 75%, underscoring the growing confidence and trust of developers in Coteccons’ execution capabilities, construction quality, and brand reputation.
Specifically, Coteccons continued to be entrusted with major projects/ packages by reputable developers such as Sun Group, BWID, Viettel, including:
Sun Group projects
BWID Binh Duong Project
Maslight Tower Project (Developer: Thuy Duong)
Viettel Data Center Project – MEP package
With a solid backlog, proven execution capabilities, and continuously improving operational efficiency, Coteccons expects to maintain sustainable growth momentum in the coming quarters, while further strengthening its position as a leading construction contractor in Vietnam.
Senior management adjustment in line with a new development phase
Coteccons Construction Joint Stock Company (CTD) announces that it has received the resignation letter of Mr. Nguyễn Văn Đua, Deputy CEO cum Chief Financial Officer.
The Company is committed to transparency and affirms that all finance and accounting functions continue to operate smoothly and without disruption, ensuring full continuity in governance, financial discipline, and stakeholder interests.
Detailed information on the FY2026 Q3 financial statements is available at:
https://www.coteccons.vn/investor-relations-vn/
About Coteccons
Coteccons is Vietnam’s leading construction company, with over two decades of experience in delivering large-scale and complex projects. With a clear aspiration to become an Industry Leader, Coteccons defines leadership not only through business performance, but also through its role in raising industry standards and promoting sustainable development. The Company is committed to developing safer, more comfortable, and more meaningful living and working environments, thereby contributing positively to the sustainable development of communities and the broader economy.
