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Masan High-Tech Materials (MSR) targets revenues of 11.9 to 12.5 trillion VND and net profits of 50 to 300 billion VND in 2026, based on the assumption of APT prices from late 2025. If tungsten prices hold between 1,080-1,325 USD/MTU, actual results could exceed expectations.

MSR reported 2025 revenues of 7.443 trillion VND, with tungsten sales reaching 4.458 trillion VND, a 33% year-over-year increase. Global demand for tungsten is bolstered by defense and aerospace sectors. The company aims to strengthen its financial base while addressing debt and interest costs, with expectations of increased contributions to Masan Group's overall profits.