GELEX holds 2025 Annual General Meeting of Shareholders

GELEX Group's 2025 General Meeting of Shareholders took 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 with the stock code GEX. At the same time, it also marked a decade of GELEX's strong development and building its position in the Vietnamese business community.

2024, 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 targets set by the General Meeting of Shareholders, including member units such as CADIVI, EMIC, and Viglacera's Real Estate Group.

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

As of December 31, 2024, GELEX's total assets reached VND 53,803 billion. The coefficients of solvency, debt ratio, business efficiency coefficients 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% and stock dividend is 5%.

GELEX Board of Directors for the 2021-2026 term.

Promote R&D and international cooperation

At the Congress, GELEX leaders said that in 2025, GELEX aims to maintain stable growth in core business activities, seek investment opportunities in new potential fields, and continue to implement plans to strengthen internal strength, improve risk management capacity across the system, and build a comprehensive digital transformation strategy.

Specifically, GELEX plans to achieve 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 nearly VND 1,000 billion as in 2024. Dividends in 2025 are expected to be at 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, said: "The Group directs its units to continue expanding the domestic market, while 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. At the same time, cooperating with foreign partners to expand the product portfolio and develop export markets".

In the industrial park and real estate sector, member units develop land funds in many localities, and at the same time develop new forms of industrial parks such as smart industrial parks, industrial cities integrated with ecological urban areas, aiming at green and sustainable development and leading the trend of attracting high-quality FDI capital. In addition, 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 warehouses built to order (BTS) through the joint venture Titan Corporation.

The energy sector continues to research and selectively invest in potential renewable energy projects in the portfolio under research and development. The clean water sector operates plants based on the criteria of safety and reliability, 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 and invest in clean water supply projects in localities and 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 value of the company, 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.

At the meeting, GELEX shareholders elected an additional member 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 a business executive. 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.

Minh Ngoc

Source: https://baochinhphu.vn/gelex-to-chuc-dai-hoi-dong-co-dong-thuong-nien-nam-2025-102250328134816035.htm