Novaland targets tripled revenue amid fundamentally successful restructuring

Novaland Group (NVL) has announced an ambitious financial targets for the upcoming year, signaling a turnaround after three years of market turbulence. The real estate developer stated it has fundamentally completed its comprehensive corporate restructuring process.

For the 2026 fiscal year, Novaland is preparing to present shareholders with a business plan targeting 22,715 billion VND in net revenue. This represents a 3.26-fold increase compared to 2025. The Group also aims to achieve a post-tax profit of 1,852 billion VND, a goal set for official approval at the Annual General Meeting (AGM) scheduled for April 23.

A highlight of Novaland's recovery is the resurgence of its construction sites, with most key projects resuming operations.

-Product Delivery: The company has delivered over 6,000 units across ongoing projects and plans to hand over an additional 2,600 units in 2026.

-New Supply: Over 2,100 new products are expected to be launched to stabilize cash flow.

-Legal Progress: Strategic projects in Ho Chi Minh City and Dong Nai have resolved various legal bottlenecks. Notably, the Aqua City mega-township in Dong Nai has completed significant legal process and is expected to secure sales permits by late Q2 or early Q3.

-Key Handovers: In HCMC, the Grand Manhattan (District 1) and Victoria Village (Thu Duc City) are slated for delivery this year. Meanwhile, Palm City and The Park Avenue are scheduled to break ground this year for delivery in 2027.

Novaland’s balance sheet is showing positive shifts due to aggressive debt reduction measures. By the end of 2025, the Group reduced its outstanding private placement bonds by approximately 18% compared to late 2022.

The company successfully swapped over 3,324 billion VND of debt into equity and converted a portion of its international bonds. To sustain growth, Novaland has been granted a credit limit of nearly 30,500 billion VND, which is being disbursed based on actual construction progress.

Despite recent austerity measures, Novaland maintains a massive land bank of over 2,400 hectares of undeveloped land in prime tourism and infrastructure hubs. The Group has redefined its strategy around two core pillars:

-Urban Real Estate: Focusing on genuine housing needs and quality of life.

-Tourism Real Estate: Developing a "Stay – Eat – Play – Wellness" ecosystem to optimize long-term value.

Novaland estimates that the cumulative potential revenue from currently active projects could reach 470,000 billion VND by 2030.