Gelex Electric (GEE) to spend nearly $42 million on interim dividends

Gelex Electric (GEE) to spend nearly $42 million on interim dividends

With nearly 366 million shares outstanding, the company will disburse about VNĐ1.1 trillion (nearly $42 million) on the September 10 payment date, following the August 20 ex-dividend date.

The Gelex building in Hà Nội. — Photo mekongasean.vn

 GELEX Electric JSC (HoSE: GEE) will fix the shareholder list on August 21 for its first 2025 cash dividend at 30 per cent, equivalent to VNĐ3,000 per share.

The ex-dividend date is August 20 and payment is slated for September 10. With nearly 366 million shares outstanding, the company will disburse about VNĐ1.1 trillion (nearly $42 million).

Major shareholder GELEX Group JSC (HoSE: GEX), which holds nearly 240 million GEE shares, is expected to receive around VNĐ720 billion, while 3C Computer–Communication–Control JSC, with a 5 per cent stake, would collect roughly VNĐ55 billion.

The 30 per cent dividend was approved at the 2025 annual general meeting. However, documents prepared for an extraordinary meeting on August 15 propose lifting the full-year payout to 60 per cent, comprising 40 per cent in cash (a total of VNĐ4,000 per share) and 20 per cent in bonus shares at a 100:20 ratio. If endorsed, GEE will make at least one more cash payment this year.

The proposal follows robust first-half results. From January to June 2025, revenue reached VNĐ11.8 trillion, up 30.6 per cent year-on-year, while after-tax profit came to nearly VNĐ1.1 trillion, rising 61.9 per cent. Pre-tax profit was VNĐ1.3 trillion, fulfilling 78.8 per cent of the full-year plan.

Management has also tabled higher 2025 guidance, targeting revenues of VNĐ23.8 trillion, up 6.8 per cent from the prior plan, and pre-tax profit of more than VNĐ3.5 trillion—over double the initial projection.

GEE shares are trading around VNĐ124,000, placing the stock among the market’s higher-priced counters, with a market capitalisation of roughly VNĐ45.5 trillion. 

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