Phát Đạt Unveils Ambitious Plans for 2025 and Beyond

On June 27th, 2025, Phát Đạt, a leading real estate development company listed on HoSE as PDR, successfully held its Annual General Meeting of Shareholders with the spirit of “New Thinking for New Heights.” The company announced a series of strategic orientations, business plans, stock issuance, and land fund expansion initiatives.

According to the approved resolutions, Phát Đạt aims to achieve impressive financial targets for 2025, with revenues reaching VND 3,300 billion, pre-tax profits of VND 910 billion, and net profits of VND 728 billion.

In terms of shareholder returns, the company plans to issue an 8% stock dividend for 2024 profits and implement the 2025 ESOP program, offering 18 million shares to employees at a preferential price of VND 10,000 per share.

Looking ahead to 2026, Phát Đạt intends to distribute dividends from post-tax profits with a ratio of 17% of charter capital, including 5% in cash and 12% in stocks, demonstrating a balanced approach between cash flow and growth.

The company will focus on sales at key projects such as Quy Nhơn Iconic in Bình Định, Thuận An 1 & 2 Complex in Bình Dương, the Côn Đảo Resort Complex, the Serenity Phước Hải Trade and Service Complex, the Bến Thành – Long Hải Tourist Area, and the Như Nguyệt Trade and Service Complex.

During the discussion, Mr. Nguyễn Văn Đạt, Chairman of Phát Đạt’s Board of Directors, shared two significant updates: the company has received approval from the People’s Committee of Bình Dương Province to develop two projects in Thủ Dầu Một City, spanning over 45 hectares, and the opportunity to implement the Coinin Cổ Đại project in Ho Chi Minh City, involving the construction of internal technical infrastructure for the Ancient Area of the Ethnic History and Culture Park, with a BT form, acquiring land in Cù Lao Bà Sang, covering more than 23.9 hectares.

Addressing shareholders’ concerns about capital pressure amid expansion plans, Mr. Nguyễn Văn Đạt reassured that the company expects to generate approximately VND 10,000 billion in revenue from the upcoming transfer of the Quy Nhơn Iconic and Thuận An 1 and 2 projects to partners.

Phát Đạt boasts an extensive land bank across various provinces, including hundreds of hectares in Bình Dương, approximately 52 hectares in Bà Rịa-Vũng Tàu, and soon-to-be-approved investments in hundreds of hectares in Quảng Nam. With the integration of regions like Đồng Nai, Bình Dương, and Bà Rịa-Vũng Tàu into Ho Chi Minh City, the company’s total land fund is expected to reach nearly 1,000 hectares.

The decision to expand investments in Đồng Nai is strategically aligned with the upcoming operation of Long Thành airport and improved inter-regional connectivity, offering significant advantages for real estate development.

Leveraging its land bank, Phát Đạt will focus on high-rise projects in Bình Dương and adapt to market demands in Bà Rịa-Vũng Tàu, offering a range of options such as mid-range, high-end, condotel, or villa segments, tailored to the characteristics of areas like Hồ Tràm.

Mr. Đạt emphasized the company’s market-driven approach, ensuring that project types and development sequences are optimized for investment efficiency.

On the stock market, PDR shares traded at VND 17,650 per share on June 27th, 2025, maintaining the previous session’s price, with a matched volume of nearly 10 million units. After touching its lowest price since the beginning of the year (VND 15,000 per share), PDR stock has been on a strong recovery path in recent sessions. Currently, Phát Đạt’s market capitalization stands at over VND 16,000 billion.