On a TTM 2026Q1 basis, NAV is losing revenue quickly, though margins have not been hit proportionally yet — margins have been compressing consistently over multiple periods. More notably, a significant portion of profit is supported by non-core sources, further affecting earnings quality.
Revenue TTM
VND 104bn
−20.6%
Net Margin
13.83%
−1.1pp year on year
ROE
13.6%
TTM
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