1Q26 Earnings Review: Earnings of HoSE-listed companies maintained strong growth momentum

1Q26 net earnings of HoSE-listed companies maintained strong growth momentum

• As of May 11, 2026, a total of 398 companies listed on the HoSE had reported their 1Q26 financial statements, accounting for 99.8% of the exchange’s total market capitalization. Net earnings of HoSE-listed companies continued to maintain strong growth momentum in 1Q26, rising 3.8% QoQ and surging 50% YoY. The Real Estate sector was the primary driver of earnings growth in 1Q26, contributing 20.5 percentage points to overall earnings growth. The Banking and Oil & Gas sectors followed, contributing 6.4 percentage points and 6 percentage points, respectively.
• The positive earnings trend in 1Q26 continued to provide a solid foundation for the earnings growth outlook of listed companies throughout 2026.

Net profit growth remained broad-based, with several sectors enjoying strong breakthroughs

• Earnings growth of HoSE-listed companies in 1Q26 was broad-based, with most sectors reporting positive results. The Oil & Gas sector led the market with exceptional earnings growth of +1,039.8% YoY, driven by a low earnings base and a strong recovery in oil prices and business activities. Several other sectors also posted impressive growth, including Real Estate (+180.3% YoY), Mining (+142.5% YoY), Automobiles & Parts (+81.6% YoY), and Retail (+80.3% YoY), highlighting a broader recovery in corporate earnings across the economy.
• On the other hand, only two sectors recorded negative earnings growth: Information Technology (-16.3% YoY) and Media (-4% YoY), reflecting continued divergence across certain industries.

Read the full report: HERE