AsemconnectVietnam - Hoang Anh Gia Lai Joint Stock Company (HOSE: HAG) aims to expand its agricultural and processing land holdings by an additional 8,700 hectares in 2026 and shift its focus to the coffee value chain, with the ambition of owning 20,000 hectares by 2028.

According to newly released information, the HAGL Board of Directors approved a net revenue target of VND8,624 billion in 2026, an increase of approximately 15.9% compared to the 2025 figure. Net profit after tax is expected to reach VND4,202 billion, representing a significant growth of 87.3% compared to the VND2,243 billion achieved in the previous year.
Based on actual profits achieved, the Board of Directors plans to propose a cash dividend payment to shareholders at a rate of 5%, equivalent to VND500 per share. The remaining profit after dividend distribution will be prioritized for reinvestment in key agricultural projects.
In its 2026 investment strategy, HAGL will focus strongly on expanding its cultivated land and processing infrastructure through plans to plant 7,000 hectares of coffee, 1,000 hectares of mulberry trees, and 700 hectares of durian. To serve its goal of participating deeply in the global value chain instead of exporting raw materials, HAGL plans to invest in building four wet processing plants in its raw material areas and one coffee extract plant.
In terms of long-term strategy, HAGL aims to become the owner of a concentrated coffee raw material area of 20,000 hectares meeting international standards by 2028. The implementation roadmap is divided into specific phases, starting with 3,000 hectares planted in 2025, followed by 7,000 hectares in 2026, and an additional 5,000 hectares planted each year in 2027 and 2028.
The main product line selected is Arabica coffee with a planting density of 4,700 trees/ha and an expected yield of 4.7 tons of green coffee beans/ha. Economically, HAGL estimates the production cost per kilogram of exported green coffee beans, including depreciation and transportation to the port, to be around VND46,206, while the target selling price is expected to reach 150,000 VND/kg.
The total investment capital required for the entire 20,000-hectare coffee project in the 2026-2028 period is estimated at VND14,220 billion. This year alone, the capital requirement is VND5,420 billion, expected to be raised from main sources including VND1,500 billion from the IPO plan of Hung Thang Loi Gia Lai Co., Ltd. (HGI), VND2,000 billion through bond issuance, and VND2,000 billion allocated from 50% of 2026 profits for reinvestment.
Notably, HAGL's financial situation has improved, with the debt-to-equity ratio decreasing from 117% in 2024 to approximately 48% by the end of Q1/2026, according to information from the company's management.
Looking back at the business results of 2025, HAGL has achieved impressive growth figures. Net revenue reached VND7,441 billion, an increase of 28.7% compared to 2024. After-tax profit reached VND2,243 billion, an increase of nearly 112% compared to the same period. In the revenue structure, fruit sales contributed the most, with VND5,726.7 billion, equivalent to 77% of total revenue. Revenue from processed products brought in VND1,479.6 billion, accounting for approximately 20%. The remaining revenue of approximately VND233 billion came from pork sales and other service activities.
N.Nga
Source: VITIC/Tinnhanhchungkhoan