AsemconnectVietnam - An Giang Fruit and Vegetable Foodstuff Joint Stock Company (ANT – HOSE) reported a decline in revenue and profit in the first quarter of 2026 and only completed 22.9% of its profit plan for 2026.

In the first quarter of 2026, An Giang Fruit and Vegetable Foodstuff recorded revenue of VND440.29 billion, a decrease of 5.7% compared to the same period last year; after-tax profit reached VND32.06 billion, a decrease of 17.3% compared to the same period last year. The gross profit margin decreased from 27.1% to 23.3%.
With declining revenue and narrowing gross profit margins, An Giang Fruit and Vegetable Foodstuff recorded a 18.9% decrease in gross profit compared to the same period last year, equivalent to a decrease of VND23.85 billion, to VND102.66 billion.
Furthermore, during the same period, financial revenue increased by 35.1% compared to the same period last year, equivalent to an increase of VND2.03 billion, to VND7.82 billion; financial expenses increased by 10.4%, equivalent to an increase of VND1.38 billion, to VND14.63 billion; and selling and administrative expenses decreased by 24.5%, equivalent to a decrease of VND18.33 billion, to VND56.58 billion.
In 2026, An Giang Fruit and Vegetable Foodstuff plans to achieve a revenue of VND2,000 billion and an expected after-tax profit of VND140 billion.
Thus, ending the first quarter of 2026 with after-tax profit reaching VND32.06 billion, An Giang Fruit and Vegetable Foodstuff only completed 22.9% of its annual plan.
Besides declining business performance, in the first quarter, An Giang Fruit and Vegetable Foodstuff also recorded a negative main operating cash flow of VND45.06 billion, compared to a negative VND69.56 billion in the same period last year. Furthermore, during the same period, investment cash flow was positive VND3.46 billion, while financing cash flow was negative VND2.28 billion.
In terms of asset size, as of March 31, 2026, the total assets of An Giang Fruit and Vegetable Foodstuff increased by 5.6% compared to the beginning of the year, equivalent to an increase of VND79.8 billion, reaching VND1,516.4 billion. Of this, the main assets recorded VND478.3 billion in cash and short-term financial investments, accounting for 31.5% of total assets; Fixed assets amounted to VND417.7 billion, accounting for 27.55% of total assets; inventory totaled VND282.9 billion, accounting for 18.66% of total assets; short-term receivables totaled VND224.95 billion, accounting for 14.8% of total assets; and other items.
During the period, assets related to short-term receivables increased by 59.3% compared to the beginning of the year, equivalent to an increase of VND 83.71 billion, reaching VND 224.95 billion; inventory increased by 29% compared to the beginning of the year, equivalent to an increase of VND63.67 billion, reaching VND282.86 billion…
In addition, regarding capital sources, as of the end of the first quarter, An Giang Fruit and Vegetable Foodstuff's total borrowings decreased slightly by 0.3% compared to the beginning of the year, equivalent to a decrease of VND2.3 billion, to VND831.3 billion, and equal to 163.1% of total equity. Of that amount, short-term debt was VND678.7 billion and long-term debt was VND152.6 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan