TRC – Q1/2026 business performance recorded positively thanks to high anchor selling prices
• Revenue and NPAT-MI in Q1/2026 are estimated at VND 235 billion (+4% YoY) and VND 73 billion (+3% YoY). Rubber production is expected to increase slightly, while the average selling price has adjusted compared to the high base in the same period, but is still anchored at 50 million VND/ton.• The rubber segment will enter the "golden age" in 2026, and mining output is expected to increase by +12.2% YoY, thanks to 100% of the area in Cambodia and 62% in Vietnam entering a stable mining age.
• Profit in 2026 is expected to grow with the assumption that TRC can account for compensation for 248 hectares of land in Hiep Thanh Industrial Park (with a unit price of 1.3 billion VND/ha), which is the main driving force for the whole year's profit to reach VND 624 billion (+150% YoY).
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