GELEX Group JSC (HoSE: GEX) has released the documents for its 2026 Annual General Meeting of Shareholders, outlining a number of key proposals related to business plans, profit distribution, capital increase and strategic direction for the next phase of development.

Revenue target up 13.2%, combined share issuance and dividend ratio of 45%

According to the proposal submitted by the Board of Directors, GELEX targets consolidated net revenue of VND 44,712 billion in 2026, representing a 13.2% increase compared with the estimated results for 2025. The Group aims to maintain double digit growth in its core sectors while strengthening its foundation for the next development cycle.

Consolidated profit before tax is expected to reach VND 3,615 billion, down 21.8% from 2025. Management noted that the profit plan is built on a prudent basis, reflecting potential short-term pressure from financing costs as well as operating expenses for newly launched projects during their initial phase, when capacity utilization has yet to reach optimal levels.

Earlier, in 2025, GELEX recorded consolidated net revenue of VND 39,513 billion and profit before tax of VND 4,621 billion, exceeding the targets approved by shareholders by 5.1% and 52% respectively. These results provide a positive foundation as the Group enters the pivotal year of 2026 with a clearer long-term strategy.

GELEX’s business performance from 2021-2025 and the plan for 2026.

Based on the achieved business performance, the Board of Directors has proposed a 25% share dividend for 2025. In addition, GELEX plans to issue new shares from equity at a ratio of 20%.

If approved by shareholders, the total combined ratio of share dividend and share issuance from equity would reach 45%.

Accordingly, GELEX’s charter capital is expected to increase from VND 9,023 billion to VND 13,084 billion.

Election of the Board of Directors for the 2026-2031 term and proposal to change headquarters

The current Board of Directors term from 2021-2026 will conclude this year. In accordance with regulations, the current members will continue exercising their rights and responsibilities until the new Board is elected and takes over its duties.

At the upcoming meeting, GELEX shareholders will elect five members to the Board of Directors for the 2026-2031 term based on the list of eligible nominees submitted to the General Meeting of Shareholders for consideration and approval.

Rendering of GELEX’s new headquarters building.

The Board of Directors has also proposed relocating the company’s headquarters to the building at No. 10 Tran Nguyen Han and No. 27 to 29 Ly Thai To Street, Hoan Kiem Ward, Hanoi. Located in one of the most prime areas of the capital, just a five-minute walk from Hoan Kiem Lake, the new GELEX building meets Grade A office standards and holds LEED Gold certification for green buildings. It integrates smart technologies alongside modern security systems.

Four strategic pillars guiding GELEX development toward 2030

The year 2026 marks the beginning of the Group’s strategy for the 2026-2030 period, with the vision of becoming Vietnam’s leading investment group and a symbol of Growth, Efficiency and Sustainability. GELEX’s development strategy is built on four key investment pillars including high tech industry, real estate, infrastructure and finance.

In manufacturing, GELEX will focus on strengthening production capacity and competitiveness while continuing the restructuring of its building materials segment. In real estate, the Group will accelerate the development of industrial real estate and collaborate with international partners on residential and commercial projects.

In infrastructure, GELEX will continue completing Phase 2 of the Song Da clean water project while optimizing costs and gradually increasing capacity in line with the planned roadmap. The Group is also studying opportunities to invest in water supply and wastewater treatment infrastructure projects in various localities.

GELEX will also consider participating in national strategic infrastructure projects such as transportation, urban development, energy and telecommunications when aligned with the Group’s capabilities and financial conditions.

In capital investment and restructuring activities, GELEX will focus on managing its existing investments effectively, restructuring its portfolio and concentrating resources on sectors aligned with its long-term strategy. The Group will also continue to identify, evaluate and pursue potential investment and M&A opportunities while developing appropriate governance strategies following acquisitions.

At the same time, GELEX will strengthen its internal capabilities through investment in people development, building a strong corporate culture and accelerating research and development, innovation and digital transformation. In governance, the Group remains committed to building a transparent management framework and applying advanced international governance practices.

The 2026 Annual General Meeting of Shareholders of GELEX is scheduled to take place on the morning of April 1 in Hanoi.

PR DEPARTMENT