Phat Dat Holds 2026 Annual General Meeting, Entering a New Growth Cycle

Ho Chi Minh City, April 16, 2026 – Phat Dat Real Estate Development Corporation (PDR) successfully convened its 2026 Annual General Meeting of Shareholders at Rex Hotel, marking the transition into a new growth cycle following a comprehensive restructuring phase. 

Overview of the AGM.

2025 Performance and Strategic Repositioning

Amid continued market adjustments in capital flows, legal frameworks, and investor sentiment, PDR identified 2025 as a pivotal year to rebuild its foundation in preparation for the next growth cycle. The Company therefore implemented a comprehensive restructuring strategy across three key pillars: project portfolio, financial foundation, and governance and operations.

Chairman of the Board of Directors, Nguyen Van Dat, delivers the opening remarks at the General Meeting.

On the project portfolio front, PDR conducted a comprehensive review and proactively divested projects no longer aligned with its revised strategic direction. Resources were reallocated toward higher-potential opportunities, particularly in Ho Chi Minh City and Dong Nai. This approach enabled the Company to streamline its portfolio, enhance capital allocation efficiency, and accelerate reinvestment capacity.

From a financial perspective, strategic cooperation and divestment transactions during the year contributed to improved cash flow and strengthened financial resources. At the same time, the capital structure was adjusted more prudently, with leverage maintained at appropriate levels.

On governance and operations, PDR focused on upgrading systems and processes, while strengthening its workforce toward greater professionalism, accountability, and adaptability to evolving market conditions.

Mr. Bui Quang Anh Vu – Member of the Board of Directors and Chief Executive Officer of Phat Dat Real Estate Development Corporation – presents the 2025 business performance at the 2026 AGM.

As a result of these coordinated efforts, PDR recorded improved business performance in 2025, with total revenue reaching VND 1,964 billion, profit before tax of VND 651 billion, and profit after tax of VND 515 billion, representing a 3.3-fold increase year-on-year.

Financial indicators also reflected a strengthened balance sheet, with total consolidated assets exceeding VND 27,270 billion and shareholders’ equity reaching approximately VND 12,424 billion, demonstrating enhanced financial autonomy and improved internal capital accumulation.

2026 Outlook: Entering a New Growth Cycle

Entering 2026 – the first year of the 2026–2030 strategic cycle – PDR is transitioning from a preparation phase to execution, with a focus not only on restoring growth momentum but also on redefining growth quality toward a more sustainable and disciplined approach.

The Company targets revenue of VND 8,830 billion, profit before tax of VND 1,788 billion, and profit after tax of VND 868 billion. These targets reflect a balanced approach between growth ambitions and execution capability amid ongoing market uncertainties.

Shareholders raise questions.

A key focus for the year is the simultaneous construction and launch of six key projects that have been prepared in prior periods across strategic markets. This portfolio is expected not only to generate short-term revenue but also to activate the broader growth cycle for the 2026–2030 period.

In parallel, PDR will continue to maintain financial discipline, optimize costs and cash flow, and enhance capital efficiency. The Company is also advancing brand development, digital transformation, and ESG integration across the entire project lifecycle to strengthen long-term competitiveness.

The Chairing Panel addresses shareholders’ questions during the discussion session.

Notably, BT (Build–Transfer) projects have been identified as a strategic growth pillar in the new cycle. PDR will continue to resolve outstanding BT-related matters while progressively implementing new BT projects, thereby establishing an additional growth driver alongside its core real estate development activities.

Over the longer term, PDR targets cumulative revenue of VND 44,848 billion and profit after tax of VND 11,812 billion for the 2026–2030 period, while aiming to achieve a market capitalization of USD 2.2 billion by 2028, further strengthening its market position.

Strengthening Financial Capacity for The Next Phase

At the AGM, shareholders approved key proposals to enhance the Company’s financial capacity for the upcoming development phase.

Specifically, PDR plans to conduct a rights offering to existing shareholders at a ratio of 5:1, with expected proceeds of more than VND 1,995 billion. In addition, the AGM approved a 10% stock dividend issuance, with a total issuance value of up to approximately VND 1,197 billion.

Shareholders cast their votes into the ballot box.

With its internal foundation significantly reinforced in 2025, PDR is entering 2026 with greater clarity, stronger discipline, and enhanced execution capability.

The Company is now positioned to embark on a new growth cycle, focused on sustainable expansion and long-term value creation for shareholders.

About Phat Dat Real Estate Development Corporation

Phat Dat Real Estate Development Corporation (PDR) is a leading real estate developer in Vietnam, with a focus on residential, mixed-use, and urban development projects. The Company is committed to delivering sustainable developments that meet real market demand while enhancing long-term value for customers, investors, and the community.