GELEX approves revenue target of 37,600 billion VND, has new Board member

Overview of the 2025 General Meeting of Shareholders of GELEX Group taking place on the morning of March 27

The congress took place in the context of GELEX celebrating its 35th anniversary, 10 years of becoming a public company and officially registering to trade on the UPCOM floor with the stock code GEX.

This also marks a decade of strong development for GELEX and its position in the Vietnamese business community.

Positive business results, 10% dividend

In the context of economic prosperity, units in the GELEX system have taken advantage of opportunities and flexibly adapted to optimize production and business activities, bringing positive results, exceeding the planned targets.

Including member units such as CADIVI, EMIC, and Viglacera's real estate block.

In 2024, GELEX's consolidated net revenue will reach VND 33,752 billion, pre-tax profit will reach VND 3,613 billion, exceeding the plan by 4.5% and 88.1%, respectively. These are the highest revenue and profit that GELEX has achieved since its establishment.

By December 31, 2024, GELEX's total assets will reach VND 53,803 billion. The solvency ratio, debt ratio, business efficiency ratio ROA, ROE have improved well.

With positive business results, GELEX's General Meeting of Shareholders approved the 2024 dividend payment at 10%, equivalent to VND 858 billion. Of which, cash dividend is 5%, stock dividend is 5%.

Expand R&D and international cooperation

Regarding the 2025 orientation, GELEX leaders said they will aim to maintain stable growth in core business activities.

Along with that is the search for investment opportunities in new potential fields, implementing plans to strengthen internal strength. The goal is to improve risk management capacity across the system and build a comprehensive digital transformation strategy.

Specifically, GELEX plans to have consolidated revenue of VND 37,600 billion, an increase of 11.5% compared to 2024. Consolidated profit before tax is VND 3,041 billion, down 15% compared to 2024. Consolidated profit before tax decreased by 15% in the context of no longer having extraordinary profits from divestment of renewable energy projects of about VND 1,000 billion as in 2024.

The 2025 dividend is expected to be 10%. This plan was approved by the general meeting of shareholders with high consensus and unanimity.

Mr. Nguyen Trong Hien, Chairman of GELEX Board of Directors, shared the group's orientation, which is to continue expanding the domestic market and developing the export market. In particular, promoting R&D activities to develop new products with high technology content, green products, environmentally friendly and meeting market trends.

Promote cooperation with foreign partners to expand product portfolio and develop export markets.

With the advantages of member units in developing land funds in many localities, GELEX is developing new forms of industrial parks. Including smart industrial parks, industrial cities integrated with ecological urban areas. From there, aiming for green, sustainable development and leading the trend of attracting high-quality FDI capital.

In addition, the units continue to focus on developing social housing projects, while developing land funds for commercial real estate projects; expanding investment in ready-built factories (RBF); ready-built warehouses (RBW), factories, and built-to-order warehouses (BTS) through the Titan Corporation joint venture.

The energy sector continues to research and selectively invest in potential renewable energy projects in the portfolio under development. The clean water sector operates plants based on safety and reliability criteria, optimizing costs and minimizing risks.

At the same time, continue to invest and complete the Song Da Clean Water Project Phase 2 on schedule and research investment in clean water supply projects in localities and clean water supply in industrial parks.

Regarding the investment in Eximbank, GELEX currently owns 186.9 million shares, equivalent to 10% of the charter capital and is the largest shareholder of this bank. GELEX identifies this as an investment that will bring long-term efficiency and profit in the future.

GELEX leaders emphasized that, along with the goal of growth in production and business, increasing the company's value, GELEX aims for sustainable development on the basis of corporate governance. Ensuring strict compliance with the law and raising awareness of environmental protection.

GELEX also pays special attention and makes contributions to society with the desire to build a happy community.

GELEX Board of Directors for the 2021-2026 term

At the meeting, GELEX shareholders elected additional members of the Board of Directors to replace Mr. Nguyen Van Tuan, who had previously resigned from the position of member of the Board of Directors to focus on his role as business manager.

As a result, Ms. Nguyen Thi Minh Giang was elected as a member of the Board of Directors for the 2021-2026 term.

With high consensus and unanimity, the Congress approved all reports, proposals and many other important contents.

Source: https://tuoitre.vn/gelex-thong-qua-muc-tieu-doanh-thu-37-600-ty-dong-co-thanh-vien-hdqt-moi-2025032809140766.htm