AsemconnectVietnam - Tien Len Steel Group Joint Stock Company (TLH - HOSE) has announced the documents for its 2026 Annual General Meeting of Shareholders, scheduled to be held on June 20th in Dong Nai City.

In 2026, Tien Len Steel plans for total revenue of VND4,000 billion, a decrease of 24.8% compared to the same period; after-tax profit is expected to be VND64 billion, an increase of 1,022.8% compared to the actual performance in 2025.
Previously, at the end of 2025, Tien Len Steel recorded revenue of VND5,320 billion, completing 84.4% of the plan; Net profit after tax reached VND5.7 billion, achieving 5.7% of the 2025 plan.
Based on the 2025 business results, Tien Len Steel proposes to shareholders not to pay dividends in 2025.
Notably, although the company planned to implement a commercial residential area project in An Phuoc commune (Dong Nai City), it did not meet the 2025 plan and intends to continue implementing the project; the plan to offer shares to increase capital for existing shareholders has not yet been implemented. The company has approved a temporary decision not to proceed with the share issuance plan for existing shareholders.
Regarding business operations, in the first quarter of 2026, Tien Len Steel recorded revenue of VND1,032.47 billion, a decrease of 20.1% compared to the same period; net profit after tax reached VND6.42 billion, an increase of 115.4% compared to the same period. In particular, the gross profit margin improved from 4.1% to 4.5%.
Despite being profitable, as of March 31, 2026, Tien Len Steel still had accumulated losses of VND11.45 billion (compared to VND17.67 billion at the beginning of the year).
At the close of trading on June 1st, TLH shares increased by VND10, reaching VND4,510 per share, corresponding to a market capitalization of VND506.56 billion.
N.Nga
Source: VITIC/Dau tu Chung khoan