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DMX (Dien May Xanh Investment Joint Stock Company) has successfully held its 2026 Annual General Meeting of Shareholders (AGM), the first time the company organized an AGM. The meeting approved key plans for DMX’s next growth phase, including financial targets, dividend policy, and preparations for an initial public offering (IPO) and subsequent listing.
For 2026, DMX set a net revenue target of 122,500 billion VND, up 11.9% year-on-year. Net profit after tax is expected to reach 7,350 billion VND, up 26.7%.
The AGM also approved a proposed dividend payout ratio of 25% of par value.
For 2027, DMX plans net revenue of 135,000 billion VND, up 10.2% year-on-year. Net profit after tax is expected at 8,472 billion VND, up 15.3%.
The expected dividend payout ratio for 2027 is 28.7% of par value.
The AGM approved a plan to issue shares to the public concurrently with listing. DMX expects to IPO up to 179,500,400 shares, equivalent to 16.2992% of total outstanding shares.
The offering price will not be lower than the book value per share based on the audited consolidated financial statements for 2025, determined at 16,163 VND. The share valuation as of 31/12/2025 is based on valuation certificate No. 223/2026/65 dated 27/02/2026 issued by Vietnam Valuation and Quality Assurance Joint Stock Company.
The company expects the offering to take place in 2026, after UBCKNN issues the certificate for public offering. Proceeds from the IPO, after deducting related costs and fees, are planned to be used to repay short-term borrowings with banks, with disbursement expected in 2026.
After the IPO, DMX’s shares will be registered with the Vietnam Securities Depository Center (VSDC) and listed on HOSE. If DMX meets the conditions to become a public company but does not meet listing requirements, the company commits to trading on the UpCOM system operated by the Hanoi Stock Exchange under applicable regulations.
DMX also approved a plan to pay cash dividends from retained earnings, with total dividends not exceeding 3,200 billion VND. The payment is expected to be implemented after the IPO.
In addition, DMX approved plans to explore long-term incentive tools for key personnel to align leadership interests with the company’s growth strategy and long-term value. These may include stock options or equivalent forms compliant with applicable law.
On DMX’s official Facebook page, Mr. Doan Van Hieu Em—who is a member of the Board of Directors of Investment World Mobile (MWG) and the parent company of DMX—said the AGM outcomes represent an important step in DMX’s IPO and HOSE listing in 2026, opening a new growth phase for the business.
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