AsemconnectVietnam - GELEX Electric Joint Stock Company (HoSE: GEE – GELEX Electric) has just announced the documents for its 2026 Annual General Meeting of Shareholders, with many noteworthy contents related to business plans, capital increase plans, and dividend policies.

Revenue Plan: VND27,242 billion
According to the documents presented to shareholders, GELEX Electric aims for consolidated net revenue of VND27,242 billion in 2026, an increase of approximately 7% compared to the results achieved in 2025. Consolidated pre-tax profit is expected to reach VND2,705 billion, a decrease of 36.5% compared to the previous year.
The company's management stated that the 2026 plan is built on a cautious and sustainable approach, given that 2025 saw some exceptional profits from divestment and portfolio restructuring. The absence of these unusual factors means the planned profit for 2026 is lower than the previous year's high. Simultaneously, the company plans to increase resource allocation to research and development (R&D), new product development, and technological capability enhancement, thereby strengthening the foundation for long-term growth.
In 2025, GELEX Electric recorded consolidated net revenue of VND25,463 billion, a 20.5% increase compared to 2024 and achieving 107% of the plan. Consolidated pre-tax profit reached VND4,262 billion, a 98% increase year-on-year, equivalent to 121.7% of the annual plan.
This result stems from the company maintaining its position in traditional markets, while strengthening cost management, optimizing production operations, and applying flexible pricing policies according to market developments. Key member units such as CADIVI, THIBIDI, EMIC, and MEE continue to record positive growth, making significant contributions to the overall results of the entire system.
Cash Dividend of 55%, Capital Increase of 75%
With favorable business results in 2025, GELEX Electric plans to pay a cash dividend at a total rate of 55%.
Previously, the company paid an interim dividend of 30%, and will finalize the entitlement to a second interim dividend of 25% on March 20th, with payment expected on April 8th, 2026.
In addition, the company also presented to shareholders a plan to issue shares to increase share capital from equity capital.
According to the plan, GELEX Electric will issue approximately 274.5 million additional shares, corresponding to an exercise ratio of 4:3 (75%). The issuance is expected to take place in 2026 after the State Securities Commission confirms receipt of all necessary documents for the issuance.
If completed, the company's charter capital will increase from approximately VND3,660 billion to over VND6,404 billion.
For 2026, the company will continue to propose to shareholders a dividend policy of 30%, paid from after-tax profits and retained earnings.
R&D continues to be a strategic pillar.
In line with its operational direction for 2026, GELEX Electric focuses on a strategy of synergy – innovation – sustainable development, creating a foundation for the 2026–2030 development period.
The company defines its mission as "accompanying the nation in the era of modernization and international integration," while aiming for the vision of "creating a high-tech ecosystem to conquer the international market." Based on this, the company will continue to orient its production and business strategy and promote synergy throughout its system of member units.
Research and development (R&D) is identified as a strategic pillar. GELEX Electric aims to support its member companies in developing high-tech, environmentally friendly electrical equipment lines that meet international standards, while also seeking opportunities for cooperation with strategic partners in research and development.
Simultaneously, the company continues to expand its domestic market and promote export activities.
In particular, the company aims for 3 positioning values: (1) Becoming a pillar in national power infrastructure projects (2) Pioneering innovation based on technology (3) Leading in comprehensive power solutions, especially in smart grid systems.
N.Nga
Source: VITIC/Tinnhanhchungkhoan