KIDO Group’s Upcoming Annual General Meeting in 2025
On June 5th, 2025, KIDO Group, a leading Vietnamese company with the stock code KDC, will be holding its Annual General Meeting of Shareholders (AGM) to discuss important matters.
During the meeting, KIDO will present its business plan for 2025, targeting a remarkable surge in revenue and profit. Specifically, they aim to achieve VND 13,000 billion in net revenue and VND 800 billion in pre-tax profit, reflecting a 56% and 662% increase, respectively, from the previous year’s performance.
Acknowledging the ongoing global economic challenges, KIDO foresees a difficult year ahead in 2025, marked by geopolitical tensions and economic fluctuations. However, they remain optimistic about Vietnam’s economic growth prospects and anticipate a recovery during the year.
In the first quarter of 2025, KIDO recorded an 18% increase in net revenue, amounting to VND 2,146 billion. Nevertheless, rising costs and expenses resulted in a pre-tax loss of nearly VND 47 billion and a net loss of over VND 75 billion. The company has a significant way to go to achieve its annual targets.
It is worth noting that KIDO faced a similar situation last year, falling short of their ambitious plans. In 2024, their net revenue slightly decreased by nearly 4%, and their pre-tax profit witnessed a significant drop of 68%, achieving only 64% and 13% of their revenue and profit targets, respectively.
Despite the challenges, KIDO proposes a cash dividend payout of 12% (VND 1,200 per share) for 2024, with an undistributed profit of VND 972 billion. For 2025, they plan to maintain a dividend payout ratio of 10% of the par value (VND 1,000 per share).
Additionally, the meeting will address organizational structure changes, including the dismissal and election of new members to the Board of Directors and Supervisory Board, as the current members’ terms are coming to an end.
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