AsemconnectVietnam - Phuoc Hoa Rubber Joint Stock Company (PHR - HOSE) holds VND2,378.6 billion in cash and short-term financial investments at the end of Q1 2026, accounting for 36.8% of total assets.

In Q1 2026, Phuoc Hoa Rubber recorded revenue of VND468.32 billion, a 50.3% increase compared to the same period last year; after-tax profit reached VND285.08 billion, a 177.4% increase compared to the same period last year. However, the gross profit margin decreased sharply from 32.9% to 25%.
Due to the narrowing gross profit margin, Phuoc Hoa Rubber's gross profit only increased by 14.3% compared to the same period last year, equivalent to an increase of VND14.64 billion, reaching VND117.12 billion. Financial revenue increased by 6.7%, equivalent to an increase of VND1.79 billion, to VND28.51 billion; financial expenses decreased by 36.7%, equivalent to a decrease of VND0.84 billion, to VND1.45 billion; selling and administrative expenses decreased slightly by 0.4%, equivalent to a decrease of VND0.15 billion, to VND36.38 billion; other income increased dramatically by VND231.81 billion, to VND232.32 billion (compared to VND0.51 billion in the same period).
Thus, the sudden increase in profit for Phuoc Hoa Rubber during the period was mainly due to the recognition of a sudden increase in other income.
Phuoc Hoa Rubber explained that the sudden increase in other income was due to the recognition of VND232.3 billion from compensation and support for land handover for local projects and the liquidation of rubber trees for replanting. Specifically, the company recorded VND95 billion from compensation and support for the VSIP III project; VND135.8 billion from compensation and support for the Thaco project; and VND1.5 billion from compensation for land clearance for the expressway (Ho Chi Minh City – Thu Dau Mot – Chon Thanh).
Regarding asset size, as of March 31, 2026, Phuoc Hoa Rubber's total assets increased by 4.8% compared to the beginning of the year, equivalent to an increase of VND296.9 billion, reaching VND6,456.9 billion. Of this, the main assets recorded were VND2,378.6 billion in cash and short-term financial investments, accounting for 36.8% of total assets; VND1,711.4 billion in fixed assets, accounting for 26.5% of total assets; VND660.2 billion in long-term financial investments, accounting for 10.22% of total assets; and other items.
During the period, the main changes in assets were short-term receivables, which increased by 227.3% year-on-year, equivalent to an increase of VND251.2 billion, reaching VND361.7 billion; and cash and short-term financial investments, which increased by 12.7% year-on-year, equivalent to an increase of VND268.4 billion, reaching VND2,378.6 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan