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 of Shareholders with the spirit of “New Thinking for New Heights”. The company unveiled 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 of VND 3,300 billion, pre-tax profits of VND 910 billion, and net profits of VND 728 billion.
To reward its shareholders, the company will issue a 2024 dividend payout of 8% in stocks 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 plans to distribute dividends from the remaining tax profit balance as of December 31, 2025, 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, Serenity Phước Hải Trade and Service Complex, Bến Thành – Long Hải Tourist Area, and 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 of land for high-rise projects, and the continuation of 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 over 23.9 hectares.
Addressing shareholders’ concerns about capital pressure with the expansion of investments, 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.
With its current land bank, Phát Đạt will focus on high-rise projects in Bình Dương and carefully select between mid-range, high-end, condotel, or villa segments in Bà Rịa – Vũng Tàu, depending on the characteristics of each area, such as Hồ Tràm.
Mr. Đạt emphasized that the company will remain agile, adapting its product types and project priorities to market demands to optimize investment efficiency.
On the stock market, PDR shares traded at VND 17,650 per share on June 27, maintaining the previous session’s price, with a matched volume of nearly 10 million units.
After reaching its lowest price since the beginning of the year (VND 15,000 per share), PDR shares have been on a strong recovery path in recent trading sessions. Currently, Phát Đạt’s market capitalization stands at over VND 16,000 billion.
