FPT Retail, one of the leading digital retail companies in Vietnam (HoSE: FRT), has recently announced its plans to issue bonus shares as dividends for the fiscal year 2024. This decision was made in accordance with the first item of the fifth clause in the resolution of the 2025 Annual General Meeting of Shareholders.
The company intends to issue approximately 34.1 million new shares as dividends, with a ratio of 25%, meaning that for every four shares owned, shareholders will receive one new share. These shares will not be subject to any transfer restrictions.
The issuance is expected to take place no later than the third quarter of 2025, following the receipt of written notification from the State Securities Commission (SSC) regarding the company’s submission of the issuance report.
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The total value of the issuance, based on par value, is over VND 340.6 billion. This capital will be sourced from the undistributed post-tax profits of the parent company as of December 31, 2024, as recorded in the audited separate financial statements for the year 2024.
In terms of business performance, FPT Retail’s consolidated financial statements for the first quarter of 2025 showed impressive results. The company achieved net revenue of over VND 11,669.8 billion, a 29.1% increase compared to the same period last year. Gross profit reached over VND 2,324.5 billion, marking a 28.6% year-over-year increase.
Additionally, financial income for the period amounted to nearly VND 37.9 billion, a significant rise of 49.8% from the previous year. However, this was accompanied by increases in financial expenses (up 46.4% to nearly VND 88.7 billion), selling expenses (up 15.1% to nearly VND 1,588.2 billion), and administrative expenses (up from nearly VND 302.5 billion to nearly VND 418.5 billion).
After accounting for various taxes and fees, FPT Retail reported a net profit of nearly VND 212.8 billion, a remarkable 3.5 times higher than the figure from the previous year.
As of March 31, 2025, FPT Retail’s total assets stood at over VND 16,636.1 billion, a 5.1% increase from the beginning of the year. Inventories accounted for 58.7% of total assets, amounting to nearly VND 9,765.9 billion, while cash and cash equivalents totaled over VND 3,391.1 billion, representing 20.4% of total assets.
On the liabilities side of the balance sheet, total liabilities were recorded at over VND 14,303.5 billion, a 4.3% increase compared to the start of the year. Short-term loans and finance leases accounted for VND 8,899.1 billion, or 62.2% of total liabilities.
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