With over 30.2 million shares outstanding, D2D needs to spend more than VND 254 billion on dividend payments. This payout ratio corresponds to the plan approved by the 2025 Annual General Meeting of Shareholders not long ago, but it is still lower than the record dividend payout ratio of 87% in 2023.
In addition to the 2024 dividend, the meeting also passed several other important matters, including the 2025 business plan with a total revenue target of nearly VND 665 billion, a 90% increase from the previous year, and a net profit target of nearly VND 176 billion, double that of 2024.
Wrapping up the first quarter of 2025, D2D reported a revenue of over VND 92 billion, 3.5 times higher than the same period last year, and a net profit of more than VND 8 billion, over 8 times higher. The company explained that the surge in profit was mainly due to revenue from the transfer of land in Chau Duc Industrial Park.
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Breakdown of D2D‘s Q1 revenue structure
Source: D2D
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However, against the high plan, the company has only achieved 14% and 5% of the full-year targets for revenue and net profit, respectively.
As of the end of the first quarter, D2D‘s total assets stood at nearly VND 1,641 billion, an increase of 8% from the beginning of the year. Notably, cash holdings surged to nearly VND 222 billion, 3.4 times higher. Inventories amounted to nearly VND 166 billion, an 11% decrease, comprising mainly of production and business costs for ongoing projects such as Loc An Residential Area with over VND 55 billion and Huu Phuoc Residential Area with nearly VND 57 billion, among others.
Total liabilities were nearly VND 886 billion, a 15% increase from the beginning of the year, mainly due to advances from customers and unearned revenue, which stood at nearly VND 791 billion, an increase of 27% and accounting for 89% of total liabilities. Notably, D2D did not record any financial debt.
| D2D‘s Financial Performance from Q1/2022 – Q1/2025 |
D2D Shareholders’ Meeting: Tax Uncertainties Affect Land Lease Contracts in Industrial Parks
D2D CEO: Land Lease Prices in Industrial Parks Continue to Rise Despite Tax-Related Uncertainties
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