Phat Dat 2025 Annual General Shareholders’ Meeting: New Thinking – New Heights

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Phat Dat 2025 Annual General Shareholders’ Meeting: New Thinking – New Heights

On June 27, 2025, Phat Dat Real Estate Development Corporation (HOSE: PDR) successfully organized its 2025 Annual General Shareholders’ Meeting at the Lotus Hall, Rex Hotel, District 1, HCMC. The meeting approved many important matters regarding 2024 operational performance and 2025 development strategy, affirming the company’s strong determination to enter a new growth cycle.

 

Overview of the Meeting

 

2024 Results: Effective Restructuring

In 2024, amid a volatile real estate market, Phat Dat maintained stable operations thanks to flexible management strategies and effective restructuring capabilities. In 2024, the company recorded total revenue of VND 1,304.33 billion, pre-tax profit of VND 261.71 billion, and post-tax profit of VND 155.18 billion.

 

Mr. Bui Quang Anh Vu – CEO of Phat Dat Real Estate Development Corporation, reporting 2024 business results at the AGM

 

Phat Dat successfully issued more than 34 million shares for debt swap, equivalent to $30 million. This move not only strengthened financial capacity but also significantly reduced cash flow pressure during the restructuring period.

Simultaneously, the company established strategic cooperative relationships with major partners such as Realty Holdings, Thanh Binh Phu My, Big4, Gempire – Mai Viet Land, etc., to expand investment opportunities and develop large-scale projects.

Phat Dat maintained its position as a leading real estate enterprise through many prestigious awards: Top 10 Most Reputable Real Estate Companies for the 5th consecutive year, Vietnam’s Gold Star 2024, Top 50 Best Corporate Governance Companies – VNCG50, Employer of choice 2024, etc.

 

2025 Orientation: New Thinking – New Heights

With the theme “New Thinking – New Heights”, the GMS approved the 2025 operational orientation along with a series of specific financial targets and development strategies.

Accordingly, total revenue in 2025 is expected to reach VND 3,300 billion, pre-tax profit VND 910 billion and post-tax profit VND 728 billion.

 

The Chair Committee answering shareholders’ questions during the Q&A session

 

To ensure shareholders’ rights, Phat Dat will issue shares to pay 2024 dividends at the rate of 8% of total outstanding shares, while issuing 18 million shares under the 2025 Employee Stock Option Program (2025 ESOP Program) at 10,000 VND/share.

In 2026, the company plans to pay dividends to shareholders in cash and shares from retained post-tax profits as of December 31, 2025 at the rate of 17% of Charter Capital at the implementation time. Of which, 05% will be paid in cash and 12% in shares.

 

Chairman Nguyen Van Dat detailing the company’s development strategy in the coming period

 

In 2025, Phat Dat will promote sales, bringing in large cash flows through key projects such as Quy Nhon Iconic, Thuan An 1 and 2 high-rise residential complex, Con Dao resort complex, Serenity Phuoc Hai commercial service area, Ben Thanh – Long Hai tourism area and Nhu Nguyet commercial service area.

At the same time, the company will strongly expand its land bank and develop apartment products in Eastern Saigon, including Dong Nai, old Binh Duong and coastal land in Ba Ria – Vung Tau.

An important highlight in the 2025 strategy is redefining the business model in a Human-Centric direction, putting resident experience and community values at the center. Phat Dat aims to create integrated living ecosystems, smart operations and technology connectivity.

To realize this strategy, the company promotes the application of digital technology in the management and operation chain: AI-integrated CRM system, virtual reality (VR) tours, IoT sensors and digital resident platforms, etc.

In addition, Phat Dat strengthens international cooperation by actively localizing advanced real estate development models, implementing selective M&A strategies and expanding strategic cooperation with global partners.

The GMS also agreed to additionally elect Mr. Vu Thanh Le to the Board of Directors for the 2025-2028 term to complete the leadership apparatus, ensure stability and best prepare for development strategies in the coming period.

 

Mr. Nguyen Van Dat presenting flowers to Mr. Vu Thanh Le – new member of the BOD for the 2025-2028 term

 

Phat Dat’s 2025 AGM successfully concluded, demonstrating high consensus between the Board of Directors and shareholders on development orientation in the coming time. With a healthy financial foundation, clear strategy and more than 20 years of experience in the real estate industry, Phat Dat is confident to realize growth goals in 2025, ready to break through in the new development cycle.