Masan High-Tech Materials Targets Revenue of 11.9-12.5 Trillion VND in 2026 Amid High Tungsten Prices
Masan High-Tech Materials (MSR) aims for revenue between 11.9 and 12.5 trillion VND and a net profit of 50 to 300 billion VND in 2026, based on projected tungsten prices. The demand for tungsten, crucial for defense and aerospace, is rising amid a global push for strategic mineral reserves. In 2025, MSR reported revenues of 7.443 trillion VND, driven by a 33% increase in tungsten sales. The company anticipates that if tungsten prices remain between 1,080-1,325 USD/MTU, actual results may exceed forecasts significantly.

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.




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