FPT secured 8 large-scale contracts, each valued at over US$10 million

From 2026, the Group will account for FPT Telecom using the equity method (applicable to associates). Accordingly, the Group will recognize only its share of profit from FPT Telecom in proportion to its effective ownership, instead of fully consolidating FPT Telecom’s revenue and profit into the Group’s consolidated financial statements. For comparability and analytical purposes in this report, the 2025 figures have been restated using the same accounting method applied in 2026.

For Q1 2026, FPT Corporation recorded revenue of VND 12,480 billion and profit before tax of VND 2,804 billion, representing increases of 8.7% and 16.3% year-on-year, respectively, broadly in line with the profit plan set at the beginning of the year. Profit after tax attributable to shareholders of the parent company reached VND 2,487 billion, up 14.4% year-on-year. EPS (earnings per share) was VND 1,460, up 13.7% compared to the previous year.

In Q1 2026, FPT Corporation secured 8 large-scale contracts, each valued at over US$10 million, while new bookings in the global IT Services segment increased by 22.2% year-on-year.

The Technology segment (including Domestic IT Services and Global IT Services) continued to serve as the core growth driver, contributing 87% of total revenue and 56% of profit before tax for the Group, equivalent to VND 10,842 billion and VND 1,566 billion, representing year-on-year growth of 11.0% and 10.6%, respectively.

Against a backdrop of ongoing global economic uncertainties, revenue from Global IT Services maintained solid growth of 10.4%, reaching VND 9,034 billion. This was primarily driven by the Japan market, which recorded 18.8% year-on-year growth. For the first three months of 2026, new bookings in Global IT Services totaled VND 13,833 billion, up 22.2% year-on-year, signaling a positive recovery trend. Reinforcing its position as a billion-dollar, globally competitive technology company, FPT secured 8 large deals (each exceeding US$10 million), up 14.3% year-on-year.

Digital transformation (DX) revenue from overseas markets reached VND 4,214 billion, growing 17.7% year-on-year, with key contributions from emerging technologies such as AI/Data Analytics and Cybersecurity.

The Domestic IT Services segment recorded revenue of VND 1,807 billion (+14.2% YoY) and profit before tax of VND 98 billion (+305.1% YoY), primarily driven by a higher contribution from services and software, particularly from expanding opportunities in both the private and public sectors. The Made-by-FPT product ecosystem continued its strong momentum, generating VND 599 billion in revenue (+13.7% YoY).

The Education, Investment and Others sector maintained stable growth dynamics

Revenue slightly declined by 4.0% year-on-year to VND 1,638 billion, while profit before tax increased by 24.3% year-on-year to VND 1,238 billion, mainly driven by double-digit profit growth from associates and joint ventures.

Key Business Highlights – Q1 2026

FPT secured a multi–tens-of-millions USD AI contract with a global materials group
FPT Corporation signed a multi–tens-of-millions USD AI contract with a leading global materials manufacturer, implemented on the FleziPT platform to optimize operations and enhance system reliability. The solution is expected to help the client reduce costs by approximately 40% over three years, while enabling the transition from AI pilot projects to enterprise-wide deployment, moving toward an Agentic AI model. The deal demonstrates that the scale of AI contracts is increasing significantly and that demand has shifted toward large-scale, real-world deployment, thereby reinforcing FPT’s position as an end-to-end AI transformation partner in developed markets, particularly in industrial manufacturing.

FPT applies AI to enhance productivity for a Top 10 Japanese power corporation
FPT signed a long-term cooperation agreement with Chugoku Electric Power (Top 10 in Japan), deploying cloud solutions, system modernization, and AI-integrated digital platforms to enhance productivity and operational efficiency across the entire system. The project spans a large scale with nearly 40 subsidiaries, where the deployment of Microsoft 365 and process automation (RPA) serves as the foundation for transitioning to a flexible and digital operating model. The “AI-First” approach accelerates the transformation of legacy systems, improves productivity, and lays the groundwork for deeper deployment of AI and automation applications in the future. The deal demonstrates that FPT is expanding from IT implementation to AI-driven operational optimization in essential infrastructure industries, while strengthening its position in the Japanese market through large-scale and highly scalable contracts.

FPT partners strategically with LG CNS to promote AI-driven education in Southeast Asia
FPT and LG CNS signed a strategic partnership to expand AI-applied education and training solutions in Vietnam and across Southeast Asia. Under the agreement, both parties will jointly deploy AI-based education platforms such as LENS (language training services) and A+CE (communication skills training), supporting personalized, multilingual, and flexible learning based on customer needs. FPT will lead market development, consulting, technology transfer, and operational support for customers in the region, while LG CNS provides core technologies and continuous upgrades. This collaboration builds on the longstanding relationship since 2019, aiming to drive digital transformation in education and enhance workforce training capabilities for enterprises across Southeast Asia.

FPT breaks ground on an education complex for 5,800 students in Hai Phong
FPT broke ground on an education complex in Hai Phong with a training capacity of over 5,800 students across approximately 10 hectares, covering all levels from K-12 to college and university. Phase 1 is expected to commence operations in 2027, with modern lecture halls, dormitories, and training infrastructure directly supporting learning and research activities. The project contributes to expanding FPT’s education ecosystem in Northern Vietnam, while directly supplementing high-quality technology talent in fields such as AI, data, semiconductors, and digital transformation. Strategically, this is a step to proactively “build supply” of talent amid rapidly growing demand for technology workforce, thereby supporting long-term growth of the technology segment and strengthening FPT’s competitive advantage in human resources.