All of DMX’s retail chains in Vietnam maintained double-digit revenue growth despite not opening new stores.

Dien May Xanh Investment JSC (DMX) – a subsidiary of Mobile World Investment Corporation (HOSE: MWG) – has announced its business results for the first four months of 2026, recording revenue of VND 43,283 trillion, up 32% year-on-year and fulfilling 35% of its annual target. This translates into average daily revenue of approximately VND 360 billion.

Growth was driven by all retail chains and major product categories, supported by same-store sales growth (SSSG) of 33%, despite the Company not opening additional stores in Vietnam. Key product categories recorded revenue growth ranging from 15% to 60%. Notably, Topzone delivered the strongest performance, with Apple product revenue increasing 60% YoY, while EraBlue in Indonesia achieved 94% revenue growth thanks to 20% SSSG and the addition of 123 new stores.

During the first four months of the year, service businesses continued to serve as key growth drivers. Revenue from installment sales increased 48% YoY and accounted for 38% of total revenue, with 96% of products eligible for installment payment programs. Total transaction value from utility payment and banking services reached VND 37 trillion, up 9% YoY, with 25 million transactions recorded, representing 13% YoY growth.

"Thợ Điện Máy Xanh"  generated revenue of VND 1,252 trillion, up 60% YoY. Revenue from external customers contributed VND 153 billion, increasing 45% YoY and accounting for 12% of total Tho DMX revenue. Meanwhile, the SuperApp recorded 58 million visits and generated VND 2,460 trillion in revenue, equivalent to 6% of DMX’s total revenue.

For the 2026 - 2030 period, DMX targets revenue of VND 182 trillion, implying a compound annual growth rate (CAGR) of 11%. Supported by the increasing contribution from high-margin service segments such as financial services and after-sales services, net profit is expected to grow at 16% CAGR, with a target of reaching VND 13 trillion by 2030.

Notably, DMX is planning to conduct its IPO in Q2 2026. According to CEO Doan Van Hieu Em, the management team plans to participate in the investment using personal financial resources or by restructuring their holdings in MWG, reaffirming long-term commitment to shareholders while ensuring a balanced interest between existing MWG shareholders and new DMX shareholders.