AsemconnectVietnam - Nam Long Investment Corporation (HOSE: NLG) expects handover sales in 2026 to come from key projects including Paragon, Southgate, Izumi, Mizuki, and the 43-hectare Can Tho project, according to its newly released 2026 business plan report.

Nam Long aims for consolidated revenue of VND7,630 billion for the 2026 fiscal year, a 35% increase compared to the VND5,645 billion achieved in 2025. The estimated handover revenue by product line across projects is VND8,032 billion, a 35% increase compared to the VND5,953 billion achieved in the previous year.
The target for after-tax profit attributable to parent company shareholders are expected to reach VND720 billion, a slight increase of 3% compared to VND701 billion in 2025. Notably, if the extraordinary income of VND489 billion from the transfer of 15% of the capital contribution in Dong Nai Waterfront Co., Ltd. (Izumi City project) at the end of 2025 is excluded, the projected growth in profit from core business operations for 2026 is approximately 132%.
The company's Board of Directors proposes paying a cash dividend for 2026 at a rate of 5% of par value, with half expected to be paid in December.
Nam Long's main focus in 2026 is to accelerate the completion of pre-development work at the Waterpoint, Izumi, and Paragon integrated urban areas, while diversifying its affordable housing product portfolio to expand its scale across multiple income segments.
Handover activities in 2026 will focus primarily on the Southgate project, Can Tho (43ha), Izumi, Paragon, and An Zen Hai Phong. At the Elyse Island project (Paragon Dai Phuoc), phase 2, comprising 201 units, received its sales permit at the end of January, creating a supply of high-end products right from the beginning of the year. Simultaneously, Nam Long plans to accelerate the development of urban amenities at Waterpoint through self-investment or partner acquisition, aiming to increase selling prices for subsequent phases.
Nam Long's market expansion strategy continues to focus on the northern region and increase land reserves around key transportation hubs such as Long Thanh Airport, Metro Line 2, and Ring Roads 3 and 4. Nam Long prioritizes accelerating the development of EHomeS social housing projects in Can Tho and Long An to meet the prevailing market demand for actual housing. The company's total existing clean land bank as of the beginning of the year remains at over 681 hectares.
By the end of 2025, Nam Long recorded sales of VND11,855 billion and consolidated revenue of VND5,645 billion. The parent company's after-tax profit reached VND701 billion, a 35% increase compared to 2024. Nam Long's cash value at the end of 2025 reached VND8,167 billion, maintaining a larger scale than its total debt. The debt-to-equity ratio was brought to a safe level of 37%, a significant decrease from 48% in 2024.
The value of unfinished real estate inventory as of December 31, 2025, decreased by 52% to VND 8.6 trillion compared to the beginning of the year, mainly due to the transfer of shares in Dong Nai Waterfront.
N.Nga
Source: VITIC/Tinnhanhchungkhoan