Coteccons Construction JSC (HOSE: CTD) will hold its 2025 Annual General Meeting of Shareholders (AGM) online on October 20th. At the upcoming AGM, the company plans to present its 2026 fiscal year business plan (July 1, 2025 – June 30, 2026) to shareholders, targeting consolidated revenue of VND 30,000 billion and post-tax profit of VND 700 billion, representing a 21% and 54% increase, respectively, compared to the 2025 fiscal year results.
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CTD’s 2026 Fiscal Year Business Plan
Source: CTD
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If achieved, Coteccons will surpass its previous revenue record of VND 28,560 billion set in 2018. However, the projected profit of VND 700 billion remains modest, less than half of the peak profit of VND 1,653 billion recorded in 2017.
| CTD’s Business Results from 2016-2025 |
To meet these targets, CTD is focusing on building strategic partnerships with key clients and public sector entities to drive revenue growth, securing international projects, and diversifying its revenue streams. Additionally, the company aims to enhance profit margins by optimizing costs and scaling up operations.
In the 2025 fiscal year (July 1, 2024 – June 30, 2025), Coteccons reported consolidated revenue of VND 24,885 billion and post-tax profit of VND 456 billion, achieving 99.5% of its revenue target and exceeding the profit target by 6%. However, the company experienced a negative cash flow from operations of over VND 1,150 billion, primarily due to delayed debt recovery, increased inventory, and losses on ongoing projects.
During the shareholder dialogue on September 20th, CTD Chairman Bolat Duisenov explained that the increase in receivables is typical in the construction industry, especially for large-scale projects with tight deadlines, leading to significant cash flow fluctuations. To improve profitability, Coteccons is aggressively cutting costs while exploring new sectors with higher profit margins than traditional construction.
Coteccons seeks to enhance profit margins and maintain dividends
A key strategy for Coteccons is expanding into public investment and infrastructure projects, which are seen as highly promising in Vietnam’s growing economy. This expansion requires strengthening the management team with experienced professionals in handling state agency projects. Simultaneously, the company is pursuing international bids to diversify its revenue sources.
In addition to the business plan, Coteccons will propose the issuance of nearly 5.1 million bonus shares to increase its charter capital to over VND 1,087 billion, planned for execution in the 2026 fiscal year.
– 07:02 02/10/2025
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