Hung Thinh Incons AGM: Approving capital increase plan, expanding development orientation

Hồng Nhung |

On June 26, Hung Thinh Incons Joint Stock Company (HOSE: HTN) held the 2026 Annual General Meeting of Shareholders, approving many policies to promote growth in the new period.

Focus on stabilizing cash flow, controlling costs

Toàn cảnh ĐHĐCĐ HTN 2026. Ảnh: Hưng Thịnh
Overview of the 2026 HTN AGM. Photo: Hung Thinh Incons

In 2025, consolidated net revenue reached 63.6 billion VND, pre-tax profit 25 billion VND, after-tax profit more than 18 billion VND. As of December 31, 2025, HTN's total consolidated assets reached nearly 7,360 billion VND. Liabilities decreased by more than 300 billion VND compared to the end of 2024, remaining 5,802 billion VND; equity increased to 1,558 billion VND.

HTN has completed the settlement of all bonds and no longer has outstanding bonds at the end of fiscal year 2025. In 2025, the Company topped up the Grand Center Quy Nhon project and the towers of New Galaxy Binh Duong, and accelerated the progress of many projects preparing for handover such as Vung Tau Pearl, Melody Quy Nhon,...

In addition, taking on the role of general contractor for the social housing (NOXH) project in Khai Vy Residential and Mixed-Use Commercial Area in Ho Chi Minh City continues to affirm HTN's capacity in the NOXH segment, a field expected to become an important growth engine for businesses.

As of the end of 2025, the backlog value of HTN's construction contracts reached more than 25.789 billion VND, creating a stable source of work and is an important basis for the plan in the following years.

Preparing resources for a new growth phase

In 2026, the General Meeting of Shareholders unanimously approved a business plan with total revenue of 2,204 billion VND, an increase of 249% compared to 2025; pre-tax profit of 69 billion VND and after-tax profit of 50 billion VND.

To realize this goal, HTN will continue to focus on areas with high growth potential such as social housing, affordable housing... This is also the core competence of HTN in particular and the Hung Thinh Group ecosystem in general.

At the same time, the Board of Directors said that in the coming time, HTN will take on some new tasks in the Group's general development strategy. On the other hand, the Company continues to promote digital transformation, optimize operating procedures, apply BIM technology in project management and improve team capacity.

Cổ đông đặt câu hỏi tại ĐHĐCĐ. Ảnh: Hưng Thịnh
Shareholders ask questions at the AGM. Photo: Hung Thinh Incons

In order to consolidate financial capacity and prepare a solid foundation for the next development phase, the General Meeting approved a plan to increase charter capital from equity. Accordingly, HTN will issue more than 44.5 million bonus shares to shareholders at a ratio of 2:1, increasing charter capital from more than 891 billion VND to more than 1.336 billion VND.

According to HTN, the increase in charter capital scale is to meet the capital needs to serve the orientation of operations in the coming time, including improving construction capacity, gradually participating in project development and expanding business areas according to the set strategy. In addition, larger charter capital scale also contributes to supporting HTN in the process of working with credit institutions, partners, and investors.

Previously, HTN had paid the cash dividend for 2021 (rate of 12%) to shareholders on June 24, 2026.

Ông Nguyễn Đình Trung - Chủ tịch Hội đồng quản trị Hưng Thịnh Incons phát biểu tại Đại hội. Ảnh: Hưng Thịnh
Mr. Nguyen Dinh Trung - Chairman of the Board of Directors of Hung Thinh Incons speaking at the General Meeting. Photo: Hung Thinh Incons

Speaking at the congress, Mr. Nguyen Dinh Trung - Chairman of the Board of Directors of HTN said: "Hung Thinh Incons is an independent company, but also belongs to the Hung Thinh Group ecosystem and is always associated with the general development strategy as well as the Group's mission. That is to develop affordable real estate products, creating value for customers, shareholders and jobs for employees. There are favorable periods and there are also very difficult periods, but we have never changed that mission.

Over the past time, Hung Thinh has focused maximally on restructuring. With the policies of the Party and the State and the support of local authorities, so far, many bottlenecks have been basically resolved. Continuing with that support, we will implement many plans and accumulations to welcome the new cycle. Hung Thinh Incons will take on new missions in the common development strategy of Hung Thinh Group. With high determination, we believe we will bring Hung Thinh back to a new orbit, in a stable and sustainable way”.

Hồng Nhung
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