Becamex IDC, one of the leading industrial development and investment corporations in Vietnam (stock code: BCM on HoSE), has recently announced its resolution to issue private placement bonds in 2025.
According to the resolution, Becamex IDC plans to issue a maximum of 25,000 bonds with a par value of VND 100 million per bond, aiming to raise up to VND 2,500 billion.
The bonds will be issued in the form of book-entry registration, with a maximum of 10 offerings. Each offering will have a term of 3-5 years. The issuance is scheduled to take place from June to September 2025, with 6-7 offerings planned, and from October to November 2025, with 2-3 offerings expected.
These non-convertible, non-warrant-attached, asset-backed bonds will be offered in the domestic market.
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In another development, Becamex IDC has also announced its resolution to implement the approved plan to issue bonus shares as dividends for the year 2024, as per the decision taken at the 2025 Annual General Meeting of Shareholders.
As per the resolution, Becamex IDC intends to issue 113.85 million shares as dividends, equivalent to 11% of the total outstanding shares. The ratio for the issuance is 100:11, meaning that for every 100 shares owned, shareholders will receive 11 new shares.
The capital source for this issuance will be from undistributed post-tax profits as per the audited 2024 financial statements. The issuance is expected to be carried out in the second or third quarter of 2025.
In terms of financial performance for the first quarter of 2025, Becamex IDC recorded impressive results with consolidated revenue of nearly VND 1,843 billion, more than double that of the same period last year. Despite a significant increase in cost of goods sold, gross profit still managed to increase by 23% to VND 704 billion.
The real estate segment contributed nearly VND 1,427 billion to the revenue, a 3.2-fold increase compared to the previous year. Financial income surged 38 times to VND 102 billion, mainly due to profits from cooperation contracts and dividends. Additionally, profit from joint ventures and associates also increased 4.5 times to VND 271 billion.
Despite higher expenses, net profit for the period remained robust at over VND 358 billion, triple that of the same period last year.
For the full year 2025, Becamex IDC has set consolidated business targets with a total revenue of VND 9,500 billion, up 29% compared to 2024, and expected net profit of VND 2,470 billion, a 3% increase compared to the actual profit in 2024.
