TMT Auto (TMT) plans VND217 billion profit in 2026
Tuesday, April 14,2026
AsemconnectVietnam - TMT Auto Joint Stock Company (TMT - HOSE) has announced the documents for its 2026 Annual General Meeting of Shareholders. The meeting is scheduled to be held on April 28th in Hanoi.
In 2026, TMT Auto plans for revenue of VND3,652 billion; after-tax profit is expected to be VND217 billion, an increase of 245.01% compared to the same period. This includes an expected production of 4,566 commercial vehicles, 2,200 electric vehicles, 20,000 electric motorcycles, and 2,100 electric charging stations.
TMT Auto stated that in 2026, it will focus on box trucks with stable sales volume within its product range. Regarding electric vehicles, TMT Auto plans to introduce several new car models to the market to diversify its product range, while also manufacturing and assembling electric motorcycles to capitalize on the trend of using green, environmentally friendly vehicles.
In terms of infrastructure, TMT Auto continues to build and complete its electric car factory in Hung Yen with a capacity of 3,000 vehicles/year; a project to build an electric vehicle workshop in Hung Yen with a capacity of 2,000 vehicles/year; and accelerate the construction of charging stations nationwide with a plan of 2,100 charging stations, including 750 in Hanoi, 750 in Ho Chi Minh City, and 600 in other provinces; and restructure its entire dealership system, liquidating dealerships that do not meet the standards.
Previously, at the end of 2025, TMT Auto recorded revenue of VND2,104 billion, completing 54.8% of its plan. Net profit after tax reached VND63 billion, achieving 23.28% of the annual plan.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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