Dat Xanh Services Joint Stock Company (DXS, Stock Code: DXS) recently announced a Board of Directors’ Resolution regarding the transfer of shares in an affiliated company.
Specifically, the DXS Board approved the plan to transfer all shares in Dat Xanh Southern Investment and Services Joint Stock Company, scheduled for Q1/2026.
The transfer value per share will be at least equal to the book value at the time of transfer. Upon completion, DXS will no longer hold any capital contribution in Dat Xanh Southern, and the latter will cease to be an affiliate of DXS.
The Board authorized the CEO, who is also the legal representative, to search for a transferee partner, negotiate the transfer price, determine the detailed transfer timeline, and finalize related contracts and documents in accordance with the approved plan.
Illustrative image: DXS
In late December 2025, DXS also issued a resolution adjusting the share transfer content in Dat Xanh Commercial Joint Stock Company (now Dat Phat Hung Real Estate Joint Stock Company).
Accordingly, DXS will transfer all its shares in DXC to another organization/individual, not to Dat Xanh Group Joint Stock Company (DXG). The transfer is expected to be completed in 2026.
After the transfer, DXS will no longer hold any capital contribution in Dat Xanh Commercial, meaning it will no longer be a subsidiary of DXS.
In other news, VinaCapital Fund Management Joint Stock Company (VinaCapital) reported to the State Securities Commission, HoSE, and DXS that it is no longer a major shareholder.
Specifically, Victory Holding Investment Limited, a VinaCapital fund, sold nearly 46.5 million DXS shares, equivalent to an 8.0262% stake in Dat Xanh Services. The transaction date was December 18, 2025.
Based on the closing price of DXS shares on December 18, 2025, at VND 9,080 per share, the VinaCapital fund is estimated to have earned over VND 422 billion from this sale.
Regarding business performance, DXS’s Q3/2025 consolidated financial report showed net revenue of over VND 864.1 billion, up 48.5% year-on-year, and post-tax profit of VND 98.6 billion, up 86.4%.
The company attributed the profit increase to a significant rise in real estate service revenue, reflecting the vibrant property brokerage market after the 2024 slowdown. Transactions in Ho Chi Minh City and the Central region improved notably.
For the first nine months of 2025, DXS achieved net revenue of nearly VND 2,341.7 billion, up 28.8% year-on-year. After deductions, net profit reached nearly VND 458.2 billion, 2.5 times higher than the same period in 2024.
As of September 30, 2025, DXS’s total assets increased by 12.5% since the beginning of the year to nearly VND 16,958.5 billion. Receivables totaled over VND 10,491.3 billion (61.9% of total assets), and inventory was VND 4,819.2 billion (28.4%).
On the liabilities side, total debt reached over VND 8,299 billion, up 22.9% year-to-date. Short-term payables were VND 3,059.5 billion (36.9% of total debt), and loans and finance leases were VND 2,777.7 billion (33.5%).
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