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 batches. Each batch will have a maturity of 3-5 years. The issuance is scheduled to take place from June to September 2025, with 6-7 batches, and from October to November 2025, with 2-3 batches.
These bonds are non-convertible and do not come with warrants. They are secured by assets and 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 made 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 implementing the rights is 100:11, meaning that for every 100 shares owned, shareholders will receive 11 new shares.
The capital source for this issuance will come from undistributed post-tax profits from the audited 2024 financial statements. The issuance is expected to be carried out in the second and third quarters of 2025.
Regarding its business performance in the first quarter of 2025, Becamex IDC recorded a remarkable surge in revenue, reaching nearly VND 1,843 billion, more than double the figure from the same period last year. However, due to a significant increase in cost of goods sold, gross profit grew at a slower pace, reaching VND 704 billion, up 23% year-on-year.
In terms of revenue breakdown, the real estate segment contributed nearly VND 1,427 billion, a remarkable increase of 3.2 times compared to the previous year. Financial income stood at VND 102 billion, a significant surge of 38 times, thanks to profits from cooperation contracts and dividends. Additionally, the company earned VND 271 billion from its joint venture and associate investments, a substantial increase of 4.5 times compared to the first quarter of 2024.
Despite higher expenses, net profit for the period remained impressive, reaching over VND 358 billion, triple the amount from the same period in 2024.
For the full year 2025, Becamex IDC has set consolidated business targets with a total revenue of VND 9,500 billion, representing a 29% increase compared to 2024. The expected profit after tax is VND 2,470 billion, a 3% increase compared to the actual profit in 2024.
