Mobile World Group (MWG) Launches Share Buyback Program: 10 Million Shares at Up to VND 200,000 Per Share

Mobile World Investment Corporation (stock code: MWG) has recently approved a detailed share buyback plan, as resolved by the Board of Directors and endorsed by the 2025 Annual General Meeting of Shareholders.

Specifically, the company plans to repurchase up to 10 million shares, representing nearly 0.7% of the total outstanding shares. The primary objective is to reduce the company’s charter capital. MWG will proceed with the necessary procedures to decrease the charter capital in line with the total par value of the repurchased shares. The transaction will be executed via order matching on the stock exchange.

The buyback will be funded using the company’s existing capital and undistributed after-tax profits as reported in the audited 2024 financial statements. As of year-end, the undistributed after-tax profit stood at VND 12,582 billion.

Notably, the minimum repurchase price is set at VND 10,000 per share, with a maximum of VND 200,000 per share, based on market prices at the time of transaction, ensuring compliance with regulatory requirements. Consequently, the maximum estimated expenditure for this buyback is VND 2,000 billion.

This maximum price represents a doubling compared to the earlier plan hinted at by CEO Vu Dang Linh during an investor meeting in August.

The transaction is expected to commence within two months from the date the State Securities Commission confirms receipt of all necessary documents related to the share buyback for charter capital reduction. The trading period will not exceed 30 days from the start date.

On the stock market, MWG shares have surged over 40% since the beginning of the year, reaching a new peak of VND 84,500 per share. The company’s market capitalization has also hit a record high of nearly VND 125,000 billion.

In terms of business performance for the first nine months, MWG recorded a revenue of VND 113,436 billion, a 14% increase year-on-year, achieving 76% of the annual target. In Q3 alone, MWG’s revenue reached nearly VND 40,000 billion, the highest since its inception. On average, the retail giant owned by Nguyen Duc Tai generated over VND 431 billion in daily sales.

After nine months, the The Gioi Di Dong and Dien May Xanh (TGDĐ/ĐMX) chains, managed by MWG’s subsidiary Mobile World JSC (MW), reported positive business results. This success is attributed to a growth strategy focused on quality, emphasizing superior services, lifetime solutions, and comprehensive financial services.

Specifically, MWG’s mobile phone and electronics segment achieved a revenue of VND 76,500 billion, a nearly 15% increase year-on-year, despite a slow market recovery and a decrease in the average number of stores. This positive outcome is primarily due to revenue growth in existing stores, driven by a focus on services and comprehensive financial solutions for customers.

Regarding Bach Hoa Xanh (BHX), the grocery chain achieved a cumulative nine-month revenue of VND 34,400 billion, a 14% increase year-on-year. However, the growth rate has slowed in recent months. According to MWG, by optimizing costs and controlling shrinkage, BHX’s business efficiency in Q3/2025 continued to improve compared to Q2/2025.

As of September, BHX has opened 520 new stores this year, bringing the total to 2,290 stores, with over 50% of new stores located in the Central region. These new stores have achieved positive profits at the store level after deducting all direct operating and warehousing costs. In Q4/2025, BHX plans to continue its selective expansion into new provinces and regions where it already has a presence.

Notably, Nguyen Duc Tai’s supermarket chain has begun recruiting staff to expand into the Northern market. At the Q2 Investor Meeting, CEO Vu Dang Linh announced that 2026 will be a pivotal year as BHX officially enters the Northern market. He also revealed an ambitious plan to open 1,000 new Bach Hoa Xanh stores annually starting next year.

In the first nine months, the An Khang chain recorded an average monthly revenue of VND 540 million per store, maintaining a three-month growth streak. The chain continues to enhance in-store business efficiency, aiming to contribute profits to the group.

AvaKids reported double-digit revenue growth in the first nine months compared to the same period last year, with an average monthly revenue of VND 1.8 billion per store. Total revenue in Q3/2025 increased by 10% compared to the previous quarter and over 30% year-on-year. The chain has achieved profitability at the company level and continues to improve its financial performance month-on-month.

EraBlue recorded a revenue growth of over 70% in the first nine months of 2025 compared to the same period last year. Currently operating 144 stores, the chain is close to its year-end target of 150 stores. EraBlue has achieved profitability at the company level and consistently improves its financial metrics, demonstrating robust operational efficiency.