Phát Đạt announces ambitious plans for 2025 at its annual general meeting of shareholders
On June 27th, Phát Đạt, a leading real estate development company, successfully held its annual general meeting with the spirit of “New thinking for new heights.” The company unveiled its strategic orientations, business plans, stock issuance, and ambitious land fund expansion goals for the upcoming year.
According to the approved resolutions, Phát Đạt aims to achieve impressive financial targets for 2025, with projected revenue of VND 3,300 billion, pre-tax profit of VND 910 billion, and net profit of VND 728 billion.
To reward its shareholders, 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.
Demonstrating a balanced approach, Phát Đạt intends to distribute dividends for 2026 from post-tax profits with a ratio of 17% of charter capital, including 5% in cash and 12% in stocks.
The company will focus on sales at key projects such as Quy Nhơn Iconic in Binh Dinh, the high-rise complex in Thuan An 1 & 2 in Binh Duong, the Con Dao resort complex, the Serenity Phuoc Hai trade and service complex, the Ben Thanh – Long Hai tourist area, and the Nhu Nguyet trade and service complex.
During the discussion, Mr. Nguyen Van Dat, Chairman of Phát Đạt, shared two significant updates: the company has received approval from the People’s Committee of Binh Duong province to develop two projects in Thu Dau Mot city, spanning over 45 hectares, and the continuation of the Coinin Co Dai 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 Cu Lao Ba Sang, covering more than 23.9 hectares.
Addressing shareholders’ concerns about capital pressure amid expansion plans, Mr. Nguyen Van Dat assured that the company expects to generate approximately VND 10,000 billion in revenue from the upcoming transfer of the Quy Nhon Iconic and Thuan An 1 and 2 projects to partners.
Phát Đạt boasts an extensive land bank across various provinces, including hundreds of hectares in Binh Duong, approximately 52 hectares in Ba Ria-Vung Tau, and soon-to-be-approved investments in hundreds of hectares in Quang Nam. With the integration of regions like Dong Nai, Binh Duong, and Ba Ria-Vung Tau 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 Dong Nai is strategically aligned with the upcoming operation of Long Thanh International Airport and improved inter-regional connectivity.
Leveraging its land bank, Phát Đạt will focus on developing high-rise projects in Binh Duong and will adapt to market demands in Ba Ria-Vung Tau, offering a range of products from mid-range to high-end, condotels, or villas, depending on the characteristics of the area, such as Ho Tram.
Mr. Dat emphasized the company’s commitment to market adaptability, optimizing investment efficiency, and making informed decisions based on market demands and project feasibility.
On the stock market, PDR shares traded at VND 17,650 per share on June 27th, 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.
