PROFIT MORE THAN DOUBLES ACROSS THREE FISCAL YEARS, COTECCONS NAMED AMONG VIETNAM'S 50 BEST-PERFORMING LISTED COMPANIES 2026
Ho Chi Minh City, November 11, 2026 – Coteccons Construction Joint Stock Company (HOSE: CTD) has been honored among Vietnam's 50 Best-Performing Listed Companies 2026 (TOP 50), an annual ranking jointly conducted by Nhip Cau Dau Tu magazine and Thien Viet Securities Joint Stock Company (TVS). This recognition reflects Coteccons’ sustained revenue and profit growth and improving capital efficiency, further strengthening the Company’s position in Vietnam’s construction industry.
Conducted annually since 2012, with input from leading economics and business experts from Harvard Business School, TOP 50 recognizes listed companies with outstanding business performance in Vietnam’s stock market. The organizers assess performance over three consecutive years based on three indicators: revenue growth, return on equity (ROE), and earnings per share.
Profit outpaces revenue growth as business performance improves
From FY2024 to FY2026, Coteccons’ consolidated net revenue grew by 63%, from VND 21,045 billion to VND 34,340 billion. Over the same period, profit after tax increased from VND 310 billion to VND 788 billion, more than 2.5 times the FY2024 level.
In FY2026 alone, profit grew at twice the pace of revenue. Compared with FY2025, profit after tax rose by 73%, while revenue increased by 38%. Net profit margin consequently improved from 1.8% to 2.3%, meaning that each dong of revenue generated greater value.
Coteccons’ return on average equity (ROEA) increased steadily across the three fiscal years, from 3.67% in FY2024 to 5.20% in FY2025 and 8.47% in FY2026.
Financial management throughout the project lifecycle
Behind these positive developments is a shift in Coteccons’ approach to financial management over recent years. The Finance Division now participates throughout the project lifecycle, from bidding and design to construction, through a model combining upfront due diligence with multiple layers of oversight. Risks are therefore assessed and commercial terms established before the Company decides whether to pursue a project.
Mr. Giang Van Doanh, Deputy Finance Director of Coteccons, shared: “Coteccons does not pursue growth at all costs. We choose selective, disciplined growth. In finance, this means disciplined cash flow management, control over profit margins, and close monitoring of project schedules to avoid penalties that erode profitability.”
To shorten the cash conversion cycle and reduce overdue receivables, Coteccons focuses on optimizing commercial terms for new projects while accelerating collections from existing projects. During due diligence, project feasibility and profitability, together with the developer’s financial health and legal risks, form the basis for the Finance Division to structure appropriate commercial terms.
Alongside its Go Global journey, Coteccons has also proactively published financial statements prepared under IFRS in addition to VAS, enhancing transparency and laying the groundwork for access to international markets.
Building on this solid financial foundation, Coteccons enters FY2027 with the strategic direction “Discipline. From Growth to Quality Growth.”
Recognition among Vietnam's 50 Best-Performing Listed Companies 2026 acknowledges Coteccons’ efforts to sustain growth and improve capital efficiency year after year.
The Company will continue strengthening its management capabilities, developing its people, and expanding its partner network to meet project delivery requirements in the next phase of development, pursuing quality growth and creating lasting value for shareholders, customers, partners, and the community.
