GELEX aims for revenue of nearly 38 trillion VND, representing double-digit growth.

GELEX aims for revenue of nearly VND 38,000 billion in 2025, a double-digit increase compared to 2024. This is a record high revenue for the group after more than three decades of development.

GELEX Group Joint Stock Company (Stock code: GEX) has just announced the documents for its 2025 Annual General Meeting of Shareholders. As a leading investment group in Vietnam, GELEX's announcement of the meeting documents with impressive figures has attracted significant attention in the financial community.

The plan projects record revenue of nearly 38,000 billion VND and a 10% dividend payout.

According to the report submitted by GELEX's Board of Directors to the General Meeting of Shareholders, the group aims for consolidated total revenue of VND 37,600 billion in 2025 – an 11.5% increase compared to 2024. This is a record revenue level for GELEX in its more than three decades of development. Meanwhile, GELEX's target for consolidated pre-tax profit in 2025 is VND 3,041 billion, a 15% decrease compared to 2024. The 15% decrease in consolidated pre-tax profit is due to the absence of extraordinary profits from divesting renewable energy projects, amounting to nearly VND 1,000 billion. The dividend for 2025 is expected to be 10%.

GELEX's net revenue for the period 2015-2025. Unit: billion VND.

In 2024, GELEX's consolidated net revenue reached VND 33,752 billion, and pre-tax profit reached VND 3,613 billion, representing increases of 12.5% ​​and 158.6% respectively compared to 2023. This exceeded the targets set by the General Shareholders' Meeting for 2024 by 4.5% and 88.1% respectively. The breakthrough profit in 2024 was driven by strong profit growth in core business areas such as electrical equipment, construction materials, industrial parks, and real estate. Financial profits also increased significantly from divesting energy projects and reducing interest expenses.

With breakthrough business performance in 2024, GELEX plans to distribute dividends at a rate of 10%, equivalent to VND 858 billion. This includes a cash dividend of 5% (VND 429 billion) and a stock dividend of 5% (VND 429 billion). Thus, the GELEX Board of Directors' "dividend promise" at the 2024 annual general meeting has been fulfilled. This is a significant encouragement for shareholders who have been long-term partners with the company.

During the general meeting, the Board of Directors plans to elect one additional member to the Board of Directors for the 2021-2026 term. The candidate will be selected based on the list of eligible candidates reported at the General Meeting of Shareholders.

GELEX is actively seeking new investment opportunities in 2025.

The Group's Board of Directors anticipates continued positive growth in Vietnam in 2025, aiming for an 8% GDP growth target set by the National Assembly, coupled with a strong commitment to promoting institutional and policy reforms and implementing robust fiscal and monetary measures. However, risks from inflation, exchange rate fluctuations, the global economic situation, and the potential for a wider trade war remain present.

Against a backdrop of favorable but challenging macroeconomic conditions, GELEX focuses its resources on managing large, key investments systematically and effectively, allocating resources appropriately to investment preparation in complex industrial park infrastructure projects, digital infrastructure, and areas with a positive impact on society and the community.

The industrial park and real estate segment has made a significant contribution to GELEX's business results.

Regarding its business segments, the group will continue to maintain stable growth in the production of electrical equipment and building materials, boost exports, and research new products with high technological content and environmental friendliness. Simultaneously, it will selectively invest in potential renewable energy projects within its research and development portfolio. In the clean water sector, GELEX will ensure the timely completion of Phase 2 of the Song Da clean water plant and will research investment in clean water supply projects in localities and industrial zones.

With the strong influx of FDI into Vietnam, GELEX and its member companies are actively developing land in many localities, building smart industrial parks and integrated industrial cities with ecological urban areas, aiming for sustainable development and anticipating the trend of high-quality FDI.

The group also plans to bring the real estate complex project at 10 Tran Nguyen Han and Phase 2 of the Song Da Waterworks into operation; and to invest appropriately in R&D and digital transformation.

The electrical equipment segment is expected to continue its steady growth.

In 2025, GELEX will pursue investment opportunities in promising new business areas that align with its system, while simultaneously developing appropriate post-investment management strategies. Alongside this, it will maintain its strategy of developing a partner ecosystem, collaborating with leading domestic and international partners to jointly invest in new areas.

Simultaneously, the company continues to effectively manage its existing investments; 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 overarching goal for the group's and its member companies' operations in 2025.

As previously announced, GELEX Group's 2025 Annual General Meeting will officially take place at 8:30 AM on March 27th in Hanoi .