Vietnam Engine and Agricultural Machinery Corporation (VEAM, Stock Code: VEA, UPCoM) has recently announced its Board of Directors’ Resolution regarding the payment of dividends for 2024.
Accordingly, VEAM will distribute dividends to shareholders in cash at a rate of 46.5808%, meaning shareholders holding one share will receive 4,658.08 VND. The final registration date for eligibility is November 19, 2025, with the expected payment date being December 19, 2025.
With 1,328.8 million VEA shares currently circulating in the market, VEAM is estimated to allocate approximately 6,189.7 billion VND for this dividend payment.
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As of September 30, 2025, the Ministry of Industry and Trade holds nearly 1,175.6 million VEA shares, equivalent to 88.47% of VEAM’s charter capital. It is estimated that the Ministry will receive approximately 5,476 billion VND from this 2024 dividend distribution.
Regarding business performance, VEAM’s Q3/2025 consolidated financial report shows a net revenue of nearly 1,098.7 billion VND, a 3.9% increase compared to the same period last year. After deducting the cost of goods sold, gross profit reached nearly 180.2 billion VND, up 21.3%.
During the period, VEAM also generated over 252.6 billion VND in financial revenue, a 23.4% increase year-over-year. Similarly, profit from joint ventures and associates rose from 1,500.4 billion VND to over 1,590.4 billion VND.
In terms of expenses, selling expenses were recorded at over 22.1 billion VND, a slight increase from the previous year, while administrative expenses grew by 9.7%.
As a result, after deducting taxes and fees, VEAM reported a net profit of over 1,820.5 billion VND in Q3/2025, a 9.2% increase compared to Q3/2024.
For the first nine months of 2025, VEAM achieved a net revenue of over 3,177.1 billion VND, a 6.9% increase compared to the same period in 2024, with after-tax profit reaching nearly 5,230.7 billion VND, up 6.2%.
For 2025, VEAM set a target after-tax profit of 6,330.3 billion VND. Thus, by the end of the first three quarters, the company has completed 82.6% of its profit plan.
As of September 30, 2025, VEAM’s total assets increased by 18.1% from the beginning of the year to over 32,523.5 billion VND. Of this, short-term financial investments, primarily bank deposits, amounted to more than 19,038.3 billion VND, accounting for 58.5% of total assets.
On the liabilities side, total payables stood at over 1,134.3 billion VND, down 12.4% from the beginning of the year. This includes short-term financial leases and loans of nearly 122 billion VND and short-term payables to suppliers of over 255.8 billion VND.
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