As of December 31, 2024, according to the 2024 Annual Report, Chairman of the Board Nguyen Xuan Quang owned approximately 10% of NLG‘s capital. In addition, Mr. Quang’s two sons, Nguyen Nam and Nguyen Hiep, respectively held 0.57% and 0.74% of the capital, after purchasing additional shares in February-March 2025.
If the above ownership ratios remain unchanged until the dividend recipient list is determined, the NLG Chairman’s family could receive approximately VND 21 billion.
On the stock market, NLG share price has just gone through a strong recovery since mid-April lows, returning to pre-slump levels due to tax-related issues. At the latest trading session (May 27), NLG shares were priced at VND 36,900 per share.
| NLG share price strongly recovers from April lows |
The above dividend ratio was approved at the 2025 Annual General Meeting of Shareholders held on April 26. With more than 385 million shares outstanding, the dividend payout amounts to over VND 192 billion.
At the meeting, in response to a shareholder’s question about the reason for issuing shares to existing shareholders while still paying cash dividends, Investment Director Nguyen Thanh Huong stated that paying dividends was the Company’s way of showing appreciation for shareholders’ trust. Although the dividend ratio is not high, NLG is one of the few real estate companies that pay cash dividends.
Regarding the timing of the share issuance to existing shareholders, the NLG Investment Director said that after the meeting, the Company would complete the necessary documents for submission to the State Securities Commission. Depending on the approval process, this could take between one and three months. Once approved, depending on market conditions, the Board of Directors will consider the timing of the share issuance. If the market trends downward, NLG has contingency plans in place and will only issue shares when the share price reflects the true value of the Company.
In 2025, NLG targets revenue and net profit of VND 6,794 billion and VND 701 billion, respectively, a 35% increase compared to 2024. This growth is attributed to the handover of key projects such as Southgate, Can Tho, Akari Phase 2, Mizuki Park, and activities related to capital divestment in projects, construction services, etc.
The company forecasts that 2025 revenue will mainly come from重点 projects, including Southgate, Izumi, Can Tho 43ha, and Paragon.
 2025 Annual General Meeting of Shareholders of NLG held on April 26
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According to the consolidated financial statements for Q1 2025, NLG had a positive start to the year, with revenue of over VND 1,291 billion, more than six times higher than the same period last year. After expenses, net profit reached VND 108 billion, the highest Q1 profit since 2022.
NLG attributed the strong Q1 performance to the continued handover of products at two key projects, Akari Phase 2 and Can Tho Central Lake II, and the official start of handover at the EhomeS Can Tho affordable housing project. This reflects the high demand for affordable housing in the current market.
The company added that presales for the first four months of 2025 reached VND 2,576 billion, nearly 2.2 times higher than the same period last year, mainly from the Southgate project. The majority of the sales came from existing subdivisions such as The Aqua and Park Village, indicating a strong recovery in the western real estate market.
– 13:58 28/05/2025
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