Promote fundamental restructuring, strengthen internal strength
In the context of the real estate market continuing to adjust strongly in terms of capital flow, legality and confidence, Phat Dat Real Estate Development Joint Stock Company (PDR) identifies 2025 as a pivotal stage to rebuild the foundation and prepare for a new development cycle. Accordingly, the Company synchronously implements restructuring on three pillars: investment portfolio, financial platform and management - operation system.
Thanks to synchronously implemented solutions, business results in 2025 recorded positive improvements with total revenue reaching 1,964 billion VND, pre-tax profit of 651 billion VND and after-tax profit of 515 billion VND, an increase of 3.3 times compared to the same period.
At the same time, financial indicators show that the financial foundation has been clearly consolidated, with total consolidated assets reaching over 27,270 billion VND and equity of about 12,424 billion VND, reflecting the level of financial autonomy and improved internal accumulation capacity.
2026 is identified as a pivotal year in PDR's journey to implement the 2026–2030 development strategy. After a period of focusing on restructuring and consolidating the foundation, the Company enters the first year of a new growth cycle with the goal of not only restoring speed, but also re-establishing growth quality in a controlled and sustainable direction.
In the plan submitted to the 2026 AGM, PDR sets a target of achieving total revenue of 8.830 billion VND, pre-tax profit of 1.788 billion VND, and profit after provisioning and tax of 868 billion VND in 2026.
The focus of the 2026 plan is to synchronously implement the list of projects that have been prepared in the previous period. According to the resolution of the Board of Directors, the Executive Board is assigned the task of deploying construction and ensuring sales for 06 key projects in the year. This list includes projects with diverse types, from high-rise housing areas, residential areas, commercial - service complexes to tourism and urban redevelopment projects.
At the same time, PDR prioritizes maintaining financial discipline, cost control, optimizing cash flow and improving capital utilization efficiency. At the same time, the Company also orients to promote brand development, digital transformation and integrate ESG standards into the entire project development process to improve long-term competitiveness.
Notably, BT projects are identified as one of the growth pillars in the new cycle. The Company continues to handle backlog BT projects and gradually implement new BT projects, aiming to form an additional growth engine in addition to real estate project development activities.
In the long term, PDR aims to achieve accumulated revenue of VND 44.848 billion and after-tax profit of VND 11,812 billion in the period 2026–2030, while aiming for a capitalization of USD 2.2 billion by 2028, thereby gradually enhancing its position in the market.
Strengthening financial resources for the new phase
At the General Meeting, the Board of Directors of PDR submitted to shareholders for approval important plans to strengthen financial capacity for the upcoming period.
Specifically, the Company plans to offer shares to existing shareholders at a ratio of 5:1, with a total expected mobilized value of more than 1,995 billion VND. At the same time, the General Meeting also approved the plan to issue shares to pay dividends at a rate of 10%, corresponding to a total maximum issuance value of about 1,197 billion VND.
Mobilized capital will be used to supplement working capital, invest in key projects and expand strategic investment portfolios, thereby improving implementation capacity and further consolidating the financial foundation.
With a continuously upgraded internal strength platform, PDR is entering the next stage of development with a clearer, more disciplined and higher enforcement capacity orientation, towards sustainable growth and long-term value creation.
