On April 20, 2026, in Hanoi, Tasco Joint Stock Company (HNX: HUT) successfully held its 2026 Annual General Meeting of Shareholders, entering a new development phase following the positive results achieved in 2025 in both scale expansion and operational efficiency.
Overview of Tasco’s 2026 Annual General Meeting of Shareholders.
2025: Strengthening foundations, revenue up 36%, profit doubled
In 2025, Tasco recorded consolidated revenue of VND 52,533 billion, reaching 136% of the previous year. Consolidated profit after tax reached VND 630 billion, more than doubling compared to 2024. Excluding the impact of goodwill allocation and asset revaluation, profit after tax reached VND 993 billion.
Total assets reached VND 52,231 billion, up 80.19%, while equity rose to VND 17,942 billion, up 55.33%. These results indicate that Tasco not only expanded in scale but also gradually improved operational efficiency. Smart transport infrastructure and automotive services (Mobility) continued to serve as key growth pillars. The Mobility segment—including Tasco Auto, VETC, Carpla, and related financial services—recorded consolidated revenue of VND 38,048 billion.
(i) Tasco Auto: Infrastructure completion, ready for long-term vision
In automotive distribution, Tasco Auto recorded revenue of VND 37,375 billion, with sales volume reaching 37,639 vehicles, corresponding to a 14.2% market share (according to VAMA).
In 2025, the company expanded its Mobility infrastructure to over 220 business locations nationwide, including 150 showrooms and more than 70 Carpla service workshops, along with human resources infrastructure, ERP operational systems, product pipelines, and a comprehensive service ecosystem ranging from mass-market vehicles to luxury cars and downstream services (3S service centers, quick services, parts and accessories, VETC roadside assistance, etc.).
Notably, at the end of December 2025, VETC officially launched its nationwide 24/7 roadside assistance center, currently operating the largest fleet of rescue vehicles in the country, with more than 300 units covering 100% of communes and wards. These investments ensure nationwide presence and comprehensive lifecycle services for customers, reflecting a long-term commitment and building a solid infrastructure foundation for the next growth phase.
The year 2025 also marked a new step for Tasco in expanding its product portfolio, particularly in new energy vehicles. The company officially launched the Geely brand in Vietnam and rapidly expanded its distribution network nationwide, while continuing to broaden the Lynk & Co product range. In the premium segment, Volvo further strengthened its position with hybrid, plug-in hybrid, and electric vehicle offerings. This diversified portfolio enhances customer reach while laying the foundation for value-added services throughout the vehicle ownership lifecycle.
Tasco Auto Signature Nguyen Van Troi – the most premium flagship showroom built to international standards by Tasco, was officially inaugurated in late March.
(ii) VETC – Digital Hub
Alongside physical infrastructure, Tasco’s digital platform continued to strengthen through VETC. The company launched initial digital products serving VETC customers, including nationwide roadside assistance, motor insurance, and buy-now-pay-later (BNPL) financial solutions. In 2025, VETC recorded revenue of VND 666 billion, up 35% year-on-year, maintaining a 75% market share in electronic toll collection, connecting 136 stations and 765 highway lanes nationwide. The system processes an average of 1.8 million transactions per day, peaking at 2.3 million, totaling over 700 million transactions annually.
VETC currently has 4.3 million app users, including 3 million wallet users, and is expanding from ETC services into parking, airports, loyalty programs, roadside assistance, and payment solutions.
VETC’s 27/4 Roadside Assistance Center, with more than 300 rescue vehicles, leverages technology to connect rescue teams, vehicles, and partners nationwide.
(iii) Insurance segment
The insurance segment achieved breakthrough growth, with total premiums reaching VND 1,564 billion, up 141% year-on-year, equivalent to over 1 million policies issued. After just over two years of operation, Tasco Insurance has entered the top 7 companies in the motor insurance market, with a network of 35 branches nationwide.
(iv) Financial services
In the financial services segment, Tasco continues to expand financial products for customers. The company has maintained partnerships to further develop its ecosystem through solutions such as co-lending (auto loans), buy now, pay later (BNPL), and the Master Mobility co-branded card offering exclusive benefits for vehicle owners and users. Total outstanding auto loan balances exceeded VND 5,000 billion in 2025.
(v) Investment segment
Investment activities have entered an efficiency cycle. Investments in DNP-related entities have moved into a phase of effective growth, clearly reflected in the 2025 business results and expected to continue in the coming years. The official consolidation of DNP Holding as a subsidiary from the end of 2025 has further expanded Tasco’s growth potential in essential and sustainable service sectors such as clean water, environmental services, construction materials, and consumer goods. In 2025, DNP recorded consolidated revenue of over VND 9,677 billion. However, as DNP Holding was only consolidated into Tasco from December 2025, it contributed approximately VND 1,171 billion to the group’s overall revenue. In addition, in the resort real estate segment, the two premium resorts Six Senses Ninh Van Bay and Ana Mandara Da Lat continued to maintain strong operating performance, generating VND 467 billion in revenue and over VND 282 billion in gross profit, representing a 19% increase compared to 2024.
Tasco Investment’s investment in and acquisition of a controlling stake in DNP Holding represents a strategic move to expand into essential sectors such as clean water, renewable energy, healthcare, and consumer goods.
Real estate – Real estate is expected to play an important role in future profit growth.
The Viet Tri Legacy Lakeside urban project (17.3 ha) in Phu Tho broke ground on March 1, 2026. The Chi Dong – Me Linh project (40 ha) has completed 1/500 planning adjustments and over 63% site clearance, with legal procedures being finalized for implementation by the end of 2026. The company will also focus on completing legal procedures for the Xuan Phuong project in the near future.
Overall, 2025 marked a further step in completing Tasco’s ecosystem foundation, from distribution infrastructure, after-sales services, digital platforms, insurance, financial services, to investments in essential services. This provides a solid base for accelerated growth in both scale and efficiency in 2026 and beyond.
2026 outlook: Technology-driven growth
Entering 2026, Tasco continues to adhere to its development orientation of becoming a technology-driven investment ecosystem, connecting transport infrastructure, insurance, investment in essential services, and innovation. Building on the foundations strengthened in 2025, the company identifies its key focus this year as enhancing the efficiency of its ecosystem in depth, strengthening linkages across business segments, optimizing operations, and improving customer experience across the entire system.
Accordingly, Tasco will launch the Tasco Mobility digital platform, while expanding value-added services on the VETC platform. The integration of data across showrooms, service workshops, CRM Auto, insurance, financial services, and digital utilities is considered the foundation for personalizing customer experience, optimizing operations, and improving ecosystem efficiency. The company also plans to accelerate the application of AI, digital mapping, internal digitalization, My Tasco, and KPI/OKR systems to enhance productivity, control costs, and improve decision-making quality.
Alongside technology, Tasco continues to deepen its presence across the Mobility value chain. In 2026, the company plans to implement a local assembly (CKD) project, optimize supply within the ASEAN region, and strengthen connectivity across showrooms, service workshops, CRM, parts, quick service, roadside assistance, after-sales services, payment solutions, co-branded cards, and consumer financing for vehicle-related services, with the aim of extending customer value throughout the vehicle lifecycle.For Tasco, this marks an important transition from a growth model primarily driven by vehicle sales transactions to one focused on capturing lifecycle value across products and services.
The insurance segment is positioned to enter a phase of scaled growth alongside improved efficiency. Financial services will continue to be developed with more flexible solutions for automotive customers.
In the investment segment, Tasco continues to focus on essential service sectors associated with green transition and sustainable development, including clean water projects in Region 1, the Trang Bang project, and the completion of procedures for the Region 2 clean water project.
In real estate, the company will focus on implementing the Viet Tri Legacy Lakeside project, while accelerating and decisively completing legal procedures for projects such as Foresa Xuan Phuong and Chi Dong. In the resort real estate segment, Tasco will continue operating and enhancing the efficiency of two international five-star resorts: Six Senses Ninh Van Bay and Ana Mandara Da Lat. The company will also optimize the utilization of its assets, including Mercure Son Tra and Sandy Beach, two unique projects featuring prime coastal land and distinctive terrain, combining service and resort real estate.
Groundbreaking ceremony of the Viet Tri Legacy Lakeside premium villa project by Tasco in Phu Tho province.
At the meeting, Tasco presented to shareholders its 2026 plan, targeting total consolidated revenue of VND 54,918 billion and projected pre-tax profit of VND 1,599 billion (excluding goodwill allocation and asset revaluation), or VND 1,083 billion (including goodwill allocation and asset revaluation).
