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On the morning of April 24, 2026, Dat Xanh Real Estate Services Joint Stock Company (HOSE: DXS) held its annual general meeting of shareholders (AGM) online, in a context where the company is pushing ahead with a business model transformation, aiming for sustainable growth in the new development phase.
According to the board of directors, 2025 was a pivotal year for Dat Xanh Services as the company intensified its shift to becoming a comprehensive real estate services company.
Consolidated net revenue in 2025 reached nearly 3,967 billion VND, up 52% from 2024. Net profit attributable to parent company shareholders totaled more than 352 billion VND, up 150% from 2024.
The board said that, in a market still in a recovery phase, maintaining this profit foundation demonstrates the effectiveness of the transformation and reflects the company’s operational control and adaptability.
Beyond financial results, 2025 also saw progress in strengthening the group’s ecosystem. As of December 31, 2025, Dat Xanh Services owned 56 subsidiary companies nationwide, up 5 from the previous year. Total headcount reached over 4,000, up about 70% year on year.
The company said member companies in the ecosystem operated steadily, supporting implementation capacity and asset supply across the system—from project development and distribution to real estate technology.
For 2026, Dat Xanh Services set targets for consolidated net revenue of 5,300 billion VND and net profit attributable to parent company equity of 527 billion VND, representing roughly 50% growth versus 2025.
The company will continue expanding collaborations for project development and preparing the pipeline for the 2026–2031 period. The board said the plan is built on the market entering a selective recovery phase and on the foundation accumulated from the transformation process.
Speaking at the AGM, Mr. Nguyen Truong Son, Chairman of the Board, said: “2025 is the phase of accelerating transformation and building a foundation. From 2026 onward, DXS enters a growth phase with a clearer role in the real estate value chain.”
Mr. Son noted that the market is moving toward greater transparency and professionalism, requiring companies to adapt. He said governance capability, the ability to control the value chain, and the ecosystem platform would be decisive factors, adding that DXS chose to transform early to seize the opportunity.
He also emphasized that DXS is no longer acting merely as a distributor, but is participating more deeply in the lifecycle of real estate products—from development to value extraction.
Mr. Tran Quoc Thinh, CEO of Dat Xanh Services, said the company is shifting its growth axis from a transaction-fee-dependent model to actively controlling and extracting value across the entire real estate value chain.
Mr. Thinh said: “DXS’s growth will no longer come from the number of transactions, but from the ability to participate deeply and control value in each project.”
On growth drivers, Mr. Thinh said DXS is increasing its role in investment partnerships and project developers, continuing to improve the system toward specialization. The company also plans to expand cooperation with project owners and landowners to increase project supply and strengthen input control.
To complete the ecosystem, DXS said it will promote M&A in operations, exploitation, and land banks to build a foundation for long-term cash flow.
Based on this approach, DXS outlined four strategic directions: project development, strengthening internal capacity, refining and optimizing the brokerage system, and completing the service ecosystem—aiming for an integrated real estate model along a closed value chain.
The AGM approved key governance items, including audited financial statements, the business plan, profit distribution, and the election of new board members for the new term.
The meeting recognized the end of the 2021–2025 term of the Board of Directors, including Mr. Nguyen Truong Son (Chairman) and Mr. Tran Thanh Tan (Independent Board Member). The AGM elected the Board of Directors for the 2026–2030 term consisting of: Mr. Nguyen Truong Son, Mr. Tran Quoc Thinh, Mr. Ha Duc Hieu, Mr. Tran Thanh Tan, and Mr. Le Dang Quoc Hung. The election results showed that Mr. Son and Mr. Tan were re-elected by shareholders.
The company said shareholder confidence in key members is considered a critical foundation to ensure strategic continuity and enhance governance capabilities in the next growth phase.
With the business model shifting toward generating long-term cash flow, DXS said it is entering a new growth phase powered by intrinsic capabilities and the ability to proactively create value across the entire real estate value chain.
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