Saigon Real Estate Corporation (Saigonres, stock code: SGR) has issued a Board of Directors resolution dated December 24, 2025, approving the 2025 business results and the 2026 operational plan.
In 2025, Saigonres recorded a revenue of VND 337 billion and pre-tax profit of VND 159 billion, marking a 123% and 101% increase, respectively, compared to 2024. Despite these impressive growth figures, the company fell short of the targets set by the Annual General Meeting in April 2025, which aimed for consolidated revenue of VND 1,025 billion and post-tax profit of VND 320 billion, equivalent to four and 5.3 times the previous year’s results, respectively.
For 2026, Saigonres has set ambitious business targets with a projected total investment cost of VND 3,850 billion, revenue of VND 1,380 billion, and pre-tax profit of VND 380 billion. If achieved, these figures would represent the company’s highest revenue and profit since it began publishing financial reports in 2008.
The Board of Directors also agreed to postpone the dividend payment for 2024 to April 2026, instead of the initially planned Q3 2025. The total dividend value remains at VND 60 billion.
Established in 1983 as a state-owned enterprise, Saigonres underwent privatization in 1999 and has been listed on the Ho Chi Minh City Stock Exchange (HoSE) since 2018. Originally focused on construction, the company has expanded into real estate investment and development, with a portfolio of projects primarily in Ho Chi Minh City and surrounding areas, including Saigonres Plaza, Saigonres Tower – Vung Tau, An Lac, An Binh, An Phu Dong, and Le Gia Plaza – Binh Duong.
In early May 2025, the company completed a private placement of 20 million shares, successfully selling 9.875 million shares, or 49.38% of the offering. All these shares were purchased by Mr. Pham Thu, Chairman of the Board of Directors. At a price of VND 40,000 per share, Saigonres raised approximately VND 395 billion from its Chairman.
On the stock market, SGR shares closed at VND 16,500 on December 25, the lowest since May 2023. The stock price has declined by over 50% since July 2025 and is down approximately 65% from its historical peak in September 2024.
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