Điện Máy Xanh Plans Dividend Payment of More Than VND 2.5 Trillion
Vietnamese electronics retailer Điện Máy Xanh plans to make an advance cash dividend payment for 2026 totaling more than VND 2.5 trillion. Its parent company, which holds nearly 86% of its shares, is expected to receive nearly VND 2.2 trillion. After-tax profit for the first nine months has already exceeded the full-year target, and the company has raised its annual profit forecast.
The board of Điện Máy Xanh Investment Joint Stock Company (DMX) has approved an advance cash dividend payment for 2026, expected on December 24. The payment is set at 20% of each share’s par value, or VND 2,000 per share, and will be funded from undistributed after-tax profit. With nearly 1.3 billion shares outstanding, the company expects to pay more than VND 2.5 trillion.
Thế Giới Di Động Investment Joint Stock Company (MWG), which owns nearly 86% of DMX, is expected to receive nearly VND 2.2 trillion. In August this year, MWG received more than VND 4.3 trillion from DMX’s 2025 dividend, paid at a rate of 40%. If the upcoming payment proceeds as planned, the two dividends will total about VND 6.5 trillion.
DMX’s revenue for the first nine months of this year reached VND 99.46 trillion, up 25% year on year and equivalent to 81% of its full-year plan. After-tax profit reached VND 7.701 trillion, already exceeding its full-year target of VND 7.35 trillion. At an extraordinary meeting in late October, the company forecast that 2026 profit would reach VND 10.5 trillion, up 83% year on year, and proposed a cash dividend for this year of at least 50% of consolidated after-tax profit attributable to shareholders of the parent company.
By 2030, the company expects compound annual growth of about 11% in revenue and 16% in profit, bringing after-tax profit to VND 13 trillion, roughly double the 2025 level. To achieve this, DMX plans to improve efficiency at its more than 3,000 existing stores, expand its installment payment, installation, warranty and repair services, and grow its EraBlue joint venture in Indonesia to about 1,000 stores. On November 11, DMX shares closed at VND 76,200 each, about 5% below their August listing price on the Ho Chi Minh City Stock Exchange, giving the company a market capitalization of more than VND 96.6 trillion.
Source: VietVance
