GELEX Group Joint Stock Company (Stock code: GEX) has just announced documents for the 2025 Annual General Meeting of Shareholders (AGS). As a leading investment group in Vietnam, the announcement of meeting documents with impressive figures has attracted great attention in the financial world.
Record revenue plan of nearly VND38,000 billion, divided by 10%
According to the submission submitted by the GELEX Board of Directors to the General Meeting of Shareholders, the group set a target of total consolidated revenue in 2025 of VND 37,600 billion - an increase of 11.5% compared to 2024. In more than 3 decades of development of the group, this is a record revenue of GELEX. Meanwhile, GELEX's consolidated pre-tax profit target in 2025 is VND 3,041 billion, down 15% compared to 2024. Consolidated pre-tax profit decreased by 15% when there were no more unusual profits from divesting renewable energy projects of nearly VND 1,000 billion. The exchange rate in 2025 is expected to be 10%.
In 2024, GELEX's consolidated net revenue will reach VND 33,752 billion, pre-tax profit will reach VND 3,613 billion, up 12.5% and 158.6% respectively compared to 2023. Complete the plan set by the General Meeting of Shareholders in 2024 by 4.5% and 88.1%, respectively. The breakthrough profit in 2024 is due to strong profit growth in core sectors such as electrical equipment, construction materials, industrial parks and real estate. Financial profits increased sharply from divesting energy projects, reducing interest costs.
With a breakthrough in 2024, GELEX plans to divide its 2024 dividend by 10%, equivalent to VND 858 billion. Of which, the group divided the dividend in cash at a ratio of 5% corresponding to VND429 billion, the dividend in shares at a ratio of 5% corresponding to VND429 billion. Thus, the "dividend promise" of GELEX's Board of Directors at the 2024 Annual General Meeting of Shareholders has been fulfilled. This is a great source of encouragement for shareholders who are long-term companions of the enterprise.
In the congress program, the Board of Directors plans to elect 01 additional members of the Board of Directors for the 2021-2026 term. Candidates will be selected based on the list of valid candidates reported at the General Meeting of Shareholders.
GELEX actively seeks new investment opportunities in 2025
The Group's Board of Directors stated that in 2025, Vietnam is forecast to continue to grow positively with the GDP growth target of 8% set by the National Assembly, along with the determination to promote institutional and policy reform and implement strong fiscal and monetary measures. However, risks from inflation, exchange rate fluctuations, the global economic situation and the risk of spreading a trade war still exist.
In the context of many advantages but also many challenges in the macro economy, GELEX focuses resources on managing large and important investments in a systematic and effective manner, allocating appropriate resources for investment preparation in complex industrial park infrastructure projects, digital infrastructure and areas with a positive impact on society and the community.
For business segments, the group will continue to maintain stable growth in the field of electrical equipment and construction materials manufacturing, boost exports abroad, research new products with high technology content and environmental friendliness. Along with that, investment will be selected for potential renewable energy projects in the research and development category; Clean water sector, GELEX will ensure the completion of the schedule of Phase 2 of Song Da clean water plant and research and investment in clean water supply projects in localities, clean water supply in industrial parks.
The FDI wave is making strong landfall in Vietnam, GELEX and its member companies are actively developing land funds in many localities, building smart industrial parks, industrial cities integrated with ecological urban areas towards sustainable development, leading the high-quality FDI trend.
The Group also plans to put the real estate complex project at 10 Tran Nguyen Han and Phase 2 Song Da into operation; make appropriate investments for R&D activities and digital transformation.
In 2025, GELEX will deploy investment opportunities in new business areas with great potential, in line with the system, while building a suitable management strategy after investment. Along with that, it will maintain the implementation of the strategy of developing the partner ecosystem, cooperate with leading domestic and foreign partners to jointly invest in new fields.
At the same time, businesses continue to effectively manage their held investments; Research, select, evaluate and realize potential investment opportunities, M&A, and develop appropriate management strategies after M&A.
In this document, "Growth - Efficiency - Sustainable Development" is a consistent goal in the operations of the group and its member companies in 2025.
As previously announced, the 2025 annual General Meeting of Shareholders of GELEX Group will officially take place at 8:30 a.m., March 27 in Hanoi.
