On April 1, 2026, GELEX Group successfully held its Annual General Meeting of Shareholders (AGM), concluding the 2021–2026 Board of Directors term – a period regarded as a pivotal phase that laid one of the strongest foundations in the company’s more than three decades of development. The results achieved not only reflect an impressive growth cycle, but also clearly define GELEX’s position and new stature within Vietnam’s corporate landscape.

Overview of GELEX’s 2026 Annual General Meeting, held on the morning of April 1

Five years of building the foundation

Few domestic enterprises have undergone such a clear and successful transformation as GELEX in recent years. From a manufacturer of electrical equipment, the Group has gradually restructured, expanded its portfolio, and evolved into a diversified investment group with increasingly well-defined business pillars.

In 2025, the final year of the Board’s term, GELEX marked a breakthrough, with revenue reaching VND 39,513 billion, profit before tax reaching VND 4,621 billion – the highest level in its history, and total assets standing at VND 73,593 billion.

During the 2021–2026 period, revenue recorded an average growth rate of 8.4% per year, while profit and EBITDA grew by 22.5% and 17.8% per year, respectively, reflecting clear improvements in operational efficiency. Total assets maintained a stable upward trend, and financial indicators remained under control. Notably, market capitalization increased more than threefold, reflecting both strengthened internal capacity and investor confidence in GELEX’s long-term outlook.

2026: Targeting double-digit revenue growth, maintaining a 10% dividend

Entering 2026, GELEX targets consolidated net revenue of VND 44,712 billion, up 13.2% compared to the previous year, continuing to sustain double-digit growth across its core sectors.

Profit before tax is planned at VND 3,615 billion, down 21.8% compared to 2025. GELEX continues to define its development strategy around four key pillars: high-tech industry, real estate, infrastructure, and finance – areas considered to offer long-term growth potential aligned with broader economic cycles.

Mr. Nguyen Van Tuan, Chief Executive Officer of GELEX Group

Speaking at the AGM, Mr. Nguyen Van Tuan noted that opportunities in real estate are becoming clearer as the policy environment gradually improves. He affirmed that GELEX will take careful and prudent steps in this sector.

With a solid financial foundation and an established nationwide brand ecosystem, GELEX will participate only in projects with clear legal status, while carefully analyzing customer demand and the characteristics of each segment across regions.

Regarding capital, the Group stated that it has multiple funding channels and will seek appropriate capital flows to support its investment activities.

GELEX’s leadership emphasized its commitment to transparency, efficiency, and sustainability, while maintaining a strong and well-balanced financial structure and continuing to strengthen its foundation, including corporate culture and people.

ANMaison, a real estate project jointly developed by GELEX-affiliated entities

The AGM approved a 2025 dividend payout of 33%, including 25% in shares and 8% in cash. Prior to this, nearly VND 722 billion in cash dividends had already been advanced to shareholders in September 2025.

Shareholders also approved a plan to issue shares from equity at a ratio of 20%. Following the issuance, charter capital is expected to increase from VND 9,023 billion to VND 13,084 billion, creating room for larger-scale investments in the next phase.

Notably, GELEX continues to maintain its commitment to a 10% dividend for 2026, demonstrating a balance between growth and shareholder interests.

New Board term: advancing toward international governance standards

The AGM elected the Board of Directors for the 2026–2031 term, consisting of five members: Nguyen Van Tuan, Le Ba Tho, Dau Minh Lam, Luong Thanh Tung, and Nguyen Thi Minh Giang.

This leadership team brings together governance experience, strategic vision, and a deep understanding of the company. The new term is expected to continue upgrading governance systems toward international practices, enhancing transparency and efficiency, and creating a solid foundation for the next phase of development.

GELEX’s Board presents flowers in appreciation of Mr. Nguyen Trong Hien, Chairman of the 2021-2026 Board, for his significant contributions to the Group

A notable highlight was the approval of the relocation of GELEX’s headquarters to 27–29 Ly Thai To Street (Hoan Kiem District). This move is seen as a repositioning of the company’s image after more than a decade at its previous headquarters, reflecting its transformation from an industrial manufacturer into a diversified investment group.

In the context of ongoing macroeconomic and financial market fluctuations, GELEX enters 2026 with a larger scale, a more structured financial and governance framework, and a clearer development strategy.

The 2026 AGM is therefore not only a routine annual meeting, but also a milestone marking the transition between two development cycles, from a phase of “building the foundation” to a phase of “acceleration and breakthrough”.

With what has been accumulated over the past five years, GELEX is now well positioned to realize its vision for 2030: to become a leading investment group in Vietnam, symbolizing growth, efficiency, and sustainable development.

With strong consensus, the AGM approved all reports, proposals, and other key matters presented.

PR DEPARTMENT