With a revenue target of nearly 38,000 billion VND in 2025, a double-digit growth compared to 2024, this is a record high revenue of GELEX Group after more than 3 decades of development.
Chart: GELEX's net revenue in the period 2015-2025. Unit: billion VND
GELEX Group Joint Stock Company (Stock code: GEX) has just announced the documents for the 2025 Annual General Meeting of Shareholders (AGM). As a leading investment group in Vietnam, GELEX's announcement of meeting documents along with a series of "huge" numbers has attracted great attention in the financial community.
Unprecedented revenue plan, 10% dividend
According to the report submitted by the GELEX Board of Directors to the General Meeting of Shareholders, the group aims to achieve a total consolidated revenue of VND 37,600 billion in 2025 - an increase of 11.5% compared to 2024. In more than 3 decades of development of the group, this is a record revenue of GELEX.
Meanwhile, GELEX's consolidated pre-tax profit target in 2025 is VND3,041 billion, down 15% compared to 2024. Consolidated pre-tax profit will decrease by 15% when there is no longer an extraordinary profit from divestment of renewable energy projects of nearly VND1,000 billion. Dividends in 2025 are expected to be at 10%.
In 2024, GELEX's consolidated net revenue will reach VND 33,752 billion, pre-tax profit will reach VND 3,613 billion, up 12.5% and 158.6% respectively compared to 2023. Thus, the group will exceed the plan set by the General Meeting of Shareholders for 2024 by 4.5% and 88.1% respectively.
The breakthrough in 2024 profit is due to strong growth in profits in core areas such as electrical equipment, construction materials, industrial parks and real estate. Financial profits increased sharply from divestment of energy projects, reducing interest expenses.
With a breakthrough in business in 2024, GELEX plans to pay dividends in 2024 at 10%, equivalent to VND 858 billion. Of which, the group will pay cash dividends at a rate of 5%, equivalent to VND 429 billion, and stock dividends at a rate of 5%, equivalent to VND 429 billion.
With the above results, the "dividend promise" of GELEX's Board of Directors at the 2024 Annual General Meeting of Shareholders has been fulfilled. This is a great source of encouragement for shareholders who have accompanied the company for the long term.
In the meeting agenda, the Board of Directors plans to elect 01 additional member of the Board of Directors for the 2021-2026 term. Candidates will be selected based on the list of eligible candidates reported at the General Meeting of Shareholders.
Looking for new investment opportunities
The Group's Board of Directors believes that in 2025, Vietnam is forecast to continue to grow positively with the GDP growth target of 8% set by the National Assembly, along with the determination to promote institutional and policy reforms and implement strong fiscal and monetary measures.
However, risks from inflation, exchange rate fluctuations, the global economic situation and the risk of a spreading trade war still exist.
In the context of many favorable but also challenging macro-economic conditions, GELEX focuses resources on managing large, important investments in a systematic and effective manner, allocating appropriate resources for investment preparation in complex industrial park infrastructure projects, digital infrastructure and areas with positive impacts on society and the community.
Industrial Park and Real Estate segment has important contribution to GELEX's business results.
In particular, the group will continue to maintain stable growth in the field of manufacturing electrical equipment and construction materials, promote exports abroad, and research new products with high technology content and environmental friendliness.
Investment will be selective for potential renewable energy projects in the portfolio under research and development. For the clean water sector, GELEX ensures the timely completion of phase 2 of the Song Da clean water plant and researches investment in clean water supply projects in localities and industrial parks.
Facing the strong FDI wave pouring into Vietnam, GELEX and its member companies are actively developing land funds in many localities, focusing on building smart industrial parks, industrial cities integrated with ecological urban areas towards sustainable development, anticipating the trend of high-quality FDI.
The Group also plans to put the real estate complex project at 10 Tran Nguyen Han and Phase 2 of Song Da River into operation; invest appropriately in R&D activities and digital transformation.
Electrical equipment segment is expected to continue to grow steadily.
In 2025, GELEX will deploy investment opportunities in new potential business areas that are suitable for the system, and at the same time build a suitable post-investment management strategy. Along with that, it will maintain the implementation of the strategy of developing a partner ecosystem, cooperating with leading domestic and foreign partners to jointly invest in new areas.
At the same time, the enterprise continues to effectively manage the investments it is holding; Research, select, evaluate and realize potential capital investment and M&A opportunities, and develop appropriate post-M&A management strategies.
In this document, "Growth - Efficiency - Sustainable Development" is the consistent goal in the operations of the group and its member companies in 2025.
As previously announced, the 2025 Annual General Meeting of Shareholders of GELEX Group will officially take place at 8:30 a.m. on March 27 in Hanoi.
Source: https://tuoitre.vn/gelex-dat-muc-tieu-doanh-thu-ky-luc-gan-38-000-ti-dong-nam-2025-2025030609272107.htm
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