Mobile World JSC (HoSE: MWG) has announced its financial results for the first half of 2026, revealing a remarkable revenue of over 95.3 trillion VND, which is an increase of nearly 30% compared to the same period last year. This performance means that the company has already achieved approximately 52% of its ambitious annual revenue target of 185 trillion VND.

The company's retail chain, which includes Thegioididong.com and Điện Máy Xanh, remains its primary revenue driver, contributing nearly 46% of total revenue. The retail segment generated approximately 65.1 trillion VND in the first half of the year, reflecting a 31% increase year-on-year. Notably, existing stores saw a revenue growth of 32%, despite the company not opening many new locations in Vietnam.

All retail chains reported double-digit revenue growth, with TopZone showcasing exceptional performance, achieving a 50% increase in revenue from Apple products compared to the previous year. Other key categories also experienced growth ranging from 15% to 60%. Additionally, the Thợ Điện Máy Xanh chain reported a 47% increase in revenue, with about 10% coming from customers outside the Điện Máy Xanh system.

In Indonesia, the EraBlue chain recorded a revenue of 1.888 trillion Indonesian Rupiah (IDR), marking a 92% increase year-on-year. The chain has opened 80 new stores, bringing the total to 261, and reported a 17% increase in revenue from existing stores.

Moreover, Bách Hóa Xanh continues to be a significant growth driver for MWG, achieving revenue of 28.3 trillion VND in the first half of the year, which is a 25% increase compared to the same period last year. In the second quarter alone, Bách Hóa Xanh's revenue surged by over 31%, primarily due to strong performance in fresh food and fast-moving consumer goods (FMCG).

Throughout the first half of the year, Bách Hóa Xanh opened 632 new stores, raising its total to 3,191 locations. Impressively, all new stores opened in 2026 reported positive operating profits after accounting for logistics costs. Stores opened in 2025 also improved their business efficiency, while older stores maintained profitability by optimizing operational costs.

According to MWG, the consistent improvement across all three store groups has contributed to enhanced business results for Bách Hóa Xanh in the second quarter compared to the first quarter and the same period last year. The An Khang pharmacy chain reported a 22% increase in revenue for the first half of the year and is focused on enhancing operational efficiency to contribute profits to the parent company soon. The AvaKids chain also maintained revenue growth in the first half of the year.

In terms of network expansion, after Bách Hóa Xanh, EraBlue and An Khang are the fastest-growing chains, with 33 new stores opened, bringing the total to 415. Meanwhile, AvaKids opened 12 new stores this year, raising its total to 95 locations. In contrast, Điện Máy Xanh only opened three new stores, reaching 2,005 points of sale, and Thegioididong.com (including TopZone) underwent restructuring, reducing its number of stores by four to 1,008.

As Bách Hóa Xanh accelerates its growth, it aims to maintain a pace of opening around 1,000 stores annually.