PHR – Brief – [NONRATED] – Land compensation boosted 2Q26

In 2Q26, PHR reported VND406bn net revenue (-13% QoQ, +11% YoY), gross profit increased to VND140bn (+20% QoQ, +41% YoY). EBT surged 276% YoY to VND453bn as PHR recognized VND266bn in other income, driven primarily by land compensation of (1) VND35.9bn from THACO IP and (2) VND228.4bn from VSIP III