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2025 Foundation: Outperforming Targets, Strengthening Internal Capacity
In 2025, despite market challenges driven by macroeconomic and policy factors, Dat Phuong maintained strong growth momentum, achieving consolidated revenue of VND 4,484 billion and profit after tax of VND 445.1 billion, exceeding its plan by more than 18%.
The growth structure continued to affirm construction as the core pillar, generating over VND 3,762 billion in revenue, accounting for nearly 84% of total revenue. Benefiting from the government’s push for infrastructure investment, the Group further reinforced its position across key national projects.
Meanwhile, energy remained the primary profit driver, contributing more than 58% of consolidated profit after tax, thanks to favorable hydrological conditions and optimized operations. This served as a crucial foundation for maintaining stable profit margins while other sectors were still in their investment phase.
The real estate and hospitality segments focused on legal completion and product development throughout the year, laying the groundwork for a new business cycle. At the same time, the ultra-clear patterned glass manufacturing project entered its final stage, preparing for operation.
By the end of 2025, Dat Phuong successfully completed a private placement of nearly 17.8 million shares, raising over VND 640 billion, thereby strengthening its financial capacity and creating room for long-term investments.
2026 Plan: Scaling Up and Activating New Growth Drivers
Entering 2026, Dat Phuong has set ambitious growth targets, with projected consolidated revenue of over VND 8,513 billion and profit after tax of VND 560.6 billion. The strategic focus is shifting from “accumulation and investment” to “operation and optimization,” enhancing the efficiency of established business segments.
The parent company will continue to play a leading role, expected to contribute 74.6% of net profit and over 49.3% of profit after tax. Construction and energy will remain the two core pillars, accounting for over 80% of total consolidated revenue and profit.
Notably, new growth momentum in 2026 is expected from the expansion of real estate and the breakthrough in glass manufacturing. In real estate, the Group targets revenue of over VND 1,361 billion, focusing on sales of the Casamia Balanca Hoi An project and launching a series of new developments.
Among these, the Dien Loc Industrial Park is expected to break ground in Q2 2026, while the Con Tien social housing project will commence in Q3 2026. In parallel, urban and resort developments will continue completing legal procedures and infrastructure to be market-ready.
In the hospitality segment, Dat Phuong is partnering with the international hotel group Hilton to enter a new phase. The Casamia Hoi An hotel, under the Tapestry Collection brand, is scheduled to commence operations in August 2026. Meanwhile, the Dong Na hotel, under the Hilton Garden Inn brand, is expected to break ground in Q3 of the same year.
One of the highlights of 2026 is the ultra-clear patterned glass manufacturing plant. According to plan, construction will be completed in May 2026, furnace ignition will take place in August 2026, followed by official operations shortly thereafter. The plant is expected to reach an output of over 5.17 million square meters of glass, serving both construction and solar energy sectors. Bringing this project into operation will not only create a new revenue stream but also complete the Group’s material–energy value chain, laying a solid foundation for long-term growth.
Alongside its business targets, Dat Phuong will maintain a dividend policy of 5–10%, ensuring a balance between shareholder returns and reinvestment needs.
The AGM also elected the Board of Directors for the 2026–2031 term, marking a significant step in strengthening the leadership structure to meet the demands of larger-scale growth and long-term strategic development.
With a solid financial foundation, an increasingly complete multi-industry ecosystem, and key projects entering the operational phase, Dat Phuong stands at a pivotal turning point. The year 2026 is not only a milestone in terms of scale but also a catalyst for new growth drivers—paving the way for a more sustainable, efficient, and long-term development cycle.
