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Gelex Electric increases its charter capital following the completion of a bonus share issuance. After the issuance ended on May 6, 2026, Gelex Electric distributed nearly 274.5 million shares to 5,060 shareholders, with 712 fractional shares canceled. The rights issue ratio was 4:3, meaning a shareholder owning 1 share would receive 1 right to receive additional shares, and every 4 rights would entitle the holder to 3 new shares. The delivery date for the new shares is expected in June 2026. The funds for the share issue were drawn from the Development Investment Fund, with the paid-in capital from the equity section in Gelex Electric's audited standalone financial statements for 2025 and the post-tax undistributed profits in Gelex Electric's audited consolidated financial statements for 2025 (after reallocating profits from subsidiaries to the parent) used for the capital increase. After completion of the issuance, Gelex Electric's charter capital rose from about VND 3.66 billion to about VND 6.405 billion. The issuance plan was approved by Gelex Electric's shareholders at the 2026 Annual General Meeting held on April 8, 2026. In addition, shareholders approved the 2026 business plan with a consolidated net revenue target of about VND 27.242 billion, up about 7% from 2025; the expected after-tax profit was about VND 2.121 billion, down about 38% from the previous year. By the end of Q1 2026, Gelex Electric posted consolidated net revenue of about VND 7.0974 trillion, up 34.4% year-on-year; the consolidated after-tax profit was about VND 605.8 billion, up about 24.3%.
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