GELEX Group is one of the first companies to release its 2024 Annual Report (bilingual) in the market. This is not only a summary document but also a comprehensive picture reflecting GELEX’s significant milestones in the past year, continuing the company’s history and planning for the future.

Recognizing the importance of transparency in building trust and attracting investors’ support, the Investor Relations Department (Investment Department) along with the Group’s specialized departments recently upgraded the quality of the annual report, aiming for standards of international information disclosure.

Each figure and analysis in the report is not just data but also reflects sustainable development philosophy, modern management capabilities, and GELEX’s long-term commitment to its shareholders, partners, customers, employees, and the community. Through the 2024 Annual Report, readers will gain deeper insights into the market context, business sectors, the core values that GELEX pursues, and the vision the company aims for.

GELEX Releases 2024 annual report

The 2024 Annual Report shows a successful business performance of GELEX, with total revenue and pre-tax profit reaching VND 33.752 billion and VND 3.613 billion, exceeding the 2024 Annual General Meeting plan by 4,5% and 88,1%, respectively – the record revenue and profit level that GELEX has achieved during 35 years of establishment and development.

In 2025, the Group targets a consolidated total revenue of VND 37.600 billion, up 11,5% from 2024 – marking a record high over three decades of development. Nevertheless, consolidated pre-tax profit is projected to decline by 15% to VND 3.041 billion, due to the absence of exceptional profits from divesting renewable energy projects, as in 2024. The planned dividend for 2025 is 10%.

Regarding 2025, Mr Nguyen Trong Hien, Chairman of the Board of Directors of GELEX Group, has delivered a message highlighting the 35th anniversary of the company’s founding and the 10th anniversary of GELEX becoming a public company and listing its shares on the UPCOM exchange. Originally specializing in electrical equipment manufacturing, GELEX has transformed comprehensive transformation into a multi-sector investment group focused on key areas of the economy.

“With optimism about the country’s turning point and positive prospects in the new era, along with top global partners and consultants’ support, GELEX and its members will define a strategic vision, mission, core values, and development strategy toward 2030 as a guiding principle. Our goal is to become Vietnam’s leading investment group, a symbol of Growth – Efficiency – Sustainability.” emphasized The Chairman of the Board

To achieve these shared aspirations, the GELEX Chairman outlined the company’s focus on investing in developing high-quality and talented human resources, technology, R&D, and innovation. “We will manage based on a transparent and healthy corporate culture, strengthen internal capabilities and technological infrastructure, and proactively adopt new technologies and digital initiatives, leveraging data from the artificial intelligence revolution. At the same time, GELEX will allocate resources efficiently, professionally manage key investments, and focus on major projects in industrial and digital infrastructure, telecommunications, as well as sectors that positively impact society and communities. Our partner ecosystem strategy (major domestic and foreign partners) will continue to expand in the electrical equipment sector, digital infrastructure, and telecommunications, integrating into the global value chain, enhancing high-value product segments, proactively adopting international technologies, and boosting exports,” emphasized Chairman Nguyen Trong Hien.

The Annual Report is a key document published yearly, providing financial performance, business operations, governance, and development strategy for the coming year. Its publication ensures transparent information for investors, demonstrates accountability to current shareholders, and helps investors assess business performance for the next year.​

View GELEX Group’s 2024 Annual Report at: https://gelex.vn/wp-content/uploads/2025/03/GEX_Annual_Report_2024-1.pdf