Chairman of FPT Retail: Found investors to invest in Long Chau

At the 2025 Annual General Meeting of Shareholders ofFPT Digital Retail Joint Stock Company (FPT Retail - FRT) on the afternoon of April 25, Chairman of the Board of Directors Nguyen Bach Diep said that he had found a strategic partner for the pharmaceutical sector, Creador SDN Bhd.

General Director Hoang Trung Kien revealed that "this is a partner with both money and experience" and the two sides have signed a cooperation agreement.

Creador Partners will buy 13% of Long Chau's shares.

“This is an experienced partner with strengths in the fields of health and pharmaceuticals, operating in many countries, with extensive relationships in finance and pharmaceuticals, etc., who can support us in analyzing and evaluating the market, introducing cooperative relationships, etc. We appreciate the new partner, and will work together immediately to implement new strategies in the future. We expect that the cooperation of both sides will bring the highest benefits and efficiency,” said Mr. Kien.

At the 2024 Annual General Meeting of Shareholders, Chairman Nguyen Bach Diep said the company plans to seek a strategic partner for the pharmaceutical sector, through a private offering of up to 10% of FPT Long Chau's capital. Mr. Kien said that up to this point, the executive board has completed its task.

FPT Retail leaders also said that investors will implement in stages, to complete ownership of 13% of shares within one year, of which 50% will come from issuance and 50% from existing shareholders.

In 2025, this retailer presented to shareholders a revenue plan to increase by 20% compared to last year, with 48,100 billion VND. Pre-tax profit is 900 billion VND. If this figure is achieved, the profit will increase by 71% compared to 2024 and this is the highest profit level ever.

In 2024, FPT Retail's revenue exceeded the 40,000 billion VND mark for the first time. The accumulated loss of nearly 300 billion in 2023 was erased and a profit of 527 billion VND was earned, more than 4 times higher than planned.

Long Chau is the largest business segment, contributing 63% of the company's total revenue, bringing in VND 25,320 billion, up 59% over the previous year.

This pharmacy chain added 446 new points of sale in 2024, bringing the total to 1,943 points of sale. The average revenue per pharmacy is stable at about 1.2 billion VND/month. After 1 year of entering the market, the Long Chau vaccination center system has 126 centers in 54 provinces and cities, meaning that 116 vaccination points have opened in 2024.

Chairman of the Board of Directors Nguyen Bach Diep: The 2025 business plan is more certain.

Also in 2024, FPT Retail will strongly restructure the FPT Shop chain by closing 121 stores, currently leaving only 634 points of sale.

Ms. Diep said that in 2025, businesses will be more cautious in their business development plans due to a series of market pressures, including information that the US will impose high reciprocal tariffs, which will directly affect FPT Shop's technology products, especially phones and computers. It is forecasted that purchasing power will be affected immediately if the high tax policy is applied.

That is why this year, the Board of Directors and the Supervisory Board continue to receive zero salary. This is the third year that members of the Board of Directors and the Supervisory Board of FTP Retail have not received remuneration.

The Board of Directors also submitted to shareholders a plan to pay dividends in 2025 in shares at a rate of 25% from undistributed profits, which will be implemented in early 2026 if approved.

At the end of the first quarter of 2025, FPT Retail earned VND11,670 billion, up 29% over the same period. Profit was also 3 times higher than the same period last year, with VND270 billion and completed 30% of the yearly plan.

Long Chau is still the main growth driver, reaching VND8,000 billion. Commenting that the first quarter of the year was favorable, but the remaining 9 months of the year will face difficulties, especially the impact of the trade war, the board of directors said "we put our feet on the ground to complete the yearly plan with cautious goals".

Ha Linh

Source: https://vtcnews.vn/chu-tich-fpt-retail-tim-duoc-nha-dau-tu-do-von-vao-long-chau-ar939899.html