AsemconnectVietnam - On the morning of June 26th, GELEX Infrastructure Joint Stock Company (GEL) held its first annual General Meeting of Shareholders since officially listing on the Ho Chi Minh City Stock Exchange (HoSE).

The meeting approved all proposals from the Board of Directors, including the 2025 operating results, the 2026 business plan, the plan for a private placement of 100 million shares, and the development orientation for the coming period.
2026 Plan: Revenue continues to increase, profits reflect a new investment cycle
In 2025, GELEX Infrastructure maintained growth. Consolidated net revenue reached VND14,302 billion, completing 93% of the plan. Consolidated pre-tax profit reached VND2,029 billion, exceeding the plan by 5% and increasing by 24.8% compared to the previous year.
The growth results were contributed by all three key business areas: construction materials, real estate - industrial parks, and infrastructure utilities.
Specifically, the clean water segment continued to record growth thanks to the Song Da Clean Water Project Phase II gradually coming into operation. The construction materials sector improved efficiency through cost optimization and market recovery. The real estate and industrial park segments maintained stable revenue levels amidst a volatile market.
The General Meeting approved a consolidated net revenue plan for 2026 of VND16,649 billion, an increase of approximately 16% compared to 2025. Consolidated pre-tax profit is expected to reach VND1,158 billion.
According to GELEX Infrastructure's management, the profit plan was developed on a cautious basis, reflecting the company's phase of accelerating investment in new projects.
In the short term, interest expenses, operating costs, and investment preparation costs increase before projects enter the exploitation phase, generating revenue and cash flow. However, these investments are expected to lay the foundation for the Company's growth in the following years.
Through the private placement of 100 million shares
One of the important items approved by the General Meeting was the plan to privately place 100 million shares.
According to the plan, the capital raised will be used to strengthen financial capacity, supplement resources, facilitate the implementation of key projects, and enhance the ability to participate in investment opportunities consistent with the Company's development strategy.
The capital increase is expected to help GELEX Infrastructure increase its equity capital, proactively secure resources for long-term and large-scale investment projects.
Expanding the Investment Portfolio, Creating Momentum for a New Growth Phase
The General Meeting also agreed on the direction of continuing to expand the investment portfolio based on core business areas.
For real estate and industrial parks, GELEX Infrastructure continues to implement projects through Viglacera, PXL, and Titan Hai Phong. At the same time, the Company is cooperating with Frasers Property to develop housing projects, expanding land reserves in major cities and areas with long-term growth potential.
In the utility infrastructure sector, the Company continues to complete Phase II of the Song Da Clean Water Project, research investment in water supply and wastewater treatment projects, and prepare resources for renewable energy projects when conditions for implementation are met.
In addition to existing areas, GELEX Infrastructure will continue to explore opportunities to participate in national strategic infrastructure projects in the fields of transportation, urban infrastructure, energy infrastructure, and digital infrastructure, based on its implementation capacity, resource mobilization capabilities, and investment efficiency.
Continuing to invest in governance and execution capabilities
Parallel to expanding investment, GELEX Infrastructure identifies improving governance capacity as one of the key focuses of the new development phase.
In 2026, the company will continue to implement programs to improve its corporate governance system, digital transformation, risk management, human resource development, and corporate culture building to enhance operational efficiency and the ability to execute large-scale projects.
According to the Board of Directors, GELEX Infrastructure's development orientation is based on investment discipline, transparent governance, and efficient resource utilization. The company's goal is not only to expand its investment scale but also to build a portfolio of assets capable of generating sustainable value for shareholders in the long term.
Source: VITIC/Bao Tai chinh – Dau tu