GELEX Electric Announces Substantial Dividend Payout
GELEX Electric JSC, a leading player on the HoSE, is set to disburse its first interim cash dividend for 2025. The company announced a 30% dividend, which translates to a payment of VNĐ3,000 per share, with the shareholder list to be finalized on August 21 and payment scheduled for September 10. Given that the company has nearly 366 million shares outstanding, this payout will amount to a significant VNĐ1.1 trillion, or approximately $42 million. The announcement signals management’s confidence in the company’s financial health and its commitment to rewarding investors. As the major shareholder, GELEX Group is set to receive around VNĐ720 billion, while 3C Computer–Communication–Control JSC, which holds a 5% stake, will collect an estimated VNĐ55 billion, demonstrating the substantial value this dividend is returning to investors.
Strong First-Half Results Prompt Higher Targets
The decision to provide such a generous dividend is supported by the company’s exceptionally strong performance in the first half of the year. From January to June 2025, GELEX Electric’s revenue surged to VNĐ11.8 trillion, marking an impressive 30.6% increase compared to the same period last year. Even more notable was the after-tax profit, which grew by 61.9% to nearly VNĐ1.1 trillion. The company’s pre-tax profit alone reached VNĐ1.3 trillion, already fulfilling nearly 79% of its initial full-year plan. In light of these robust figures, management has proposed to not only increase the full-year payout to 60%—a mix of cash and bonus shares—but also to raise its full-year guidance. The new targets now aim for revenues of VNĐ23.8 trillion and a pre-tax profit of over VNĐ3.5 trillion, more than double its original projection, highlighting management’s strong optimism for the remainder of the year.
Share Performance and Market Position
GELEX Electric’s solid financial results and ambitious plans have also been reflected in its market standing. The company’s shares are currently trading at around VNĐ124,000, positioning it among the market’s higher-priced counters. This strong share performance contributes to a robust market capitalization of approximately VNĐ45.5 trillion. The company’s commitment to providing a high dividend yield, coupled with its transparent and confident financial targets, further reinforces its appeal to both existing and prospective investors. This strategic approach, which focuses on both short-term shareholder returns and long-term growth, is helping to solidify GELEX Electric’s position as a prominent and reliable player in Vietnam’s dynamic electrical equipment sector. The company is actively demonstrating its ability to deliver consistent value, which is crucial for maintaining market trust and investor confidence.
