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Hoang Anh Gia Lai Joint Stock Company (HAG-HOSE) has announced the results of a private bond issuance, alongside updates on its 2025 audited financial position and 2026 business targets.
On 29 April 2026, HAG issued a private bond tranche named HAG12601, comprising 20,000 bonds with a par value of VND 100 million per bond. The bonds have a 36-month term, with expected maturity on 29 April 2029.
The bonds were issued privately in Vietnamese dong through an issue agent and registered on the Hanoi Stock Exchange’s system for private corporate bonds after registration by the Vietnam Securities Depository. Orient Commercial Bank (OCB) provides a guarantee for the entire issuance, with total guarantee value of VND 2,135 billion. The guarantee covers the full principal of VND 2,000 billion and up to VND 135 billion of interest, plus penalties in the first interest period.
HAG stated that all proceeds will be used to fund capital contributions for business cooperation (BCC). Specifically, the company plans to allocate:
According to HAG’s audited consolidated financial statements for 2025, as of 16 January 2026 the company completed the transfer of all 91,375,000 HNG shares to other investors. The total transfer value was VND 593,937,500 thousand, and the company recorded a gain from disposal of VND 45,093,562 thousand.
On 26 March 2026, HAG settled obligations under an agreement dated 9 December 2025 with DATC, including settlement of principal bond debt of VND 1,099,000,000 thousand and interest of VND 480,371,799 thousand.
On 31 March 2026, HAG received a notice of debt relief applied to the remaining interest payable to DATC as of 26 March 2026, totaling VND 1,534,505,139 thousand. The group confirmed that there was no further bond-related debt payable to DATC as of the date of the consolidated financial statements.
HAG previously held its 2026 annual general meeting on 17 April. In response to questions about expected Q1 2026 profit and funding for expanding 20,000 hectares of coffee, Mr. Doan Nguyen Duc said that Q1 profit is expected to be around VND 1,280 billion. He also stated that the 20,000-hectare coffee planting plan will be implemented over three years.
For 2026, HAG indicated that primary funding sources include retained earnings after tax for 2026 to reinvest in coffee and mulberry projects, funds from an IPO of Hoang Anh Gia Lai International Investment Company, and financing activities such as borrowings and bond issuance.
Regarding project progress, HAGL reported that in 2025 it did not expand new banana acreage, but maintained and harvested 7,000 hectares of bananas. The company also focused on maintaining 2,000 hectares of durians, completing planting of 3,000 hectares of Arabica and Robusta coffee, and planting 1,000 hectares of silkworm mulberry.
For 2026, HAGL targets revenue of VND 8,624 billion and net profit after tax of VND 4,202 billion. The company also plans to pay a dividend of VND 500 per share and reinvest in key projects in 2027, including coffee and silkworm mulberry.
On profit distribution, HAG stated that profits for 2025 after offsetting losses will be retained for reinvestment in coffee and mulberry projects; therefore, it expects no dividend in 2026.
In 2026, HAGL plans to plant new projects including 7,000 hectares of coffee, 1,000 hectares of durian, and 700 hectares of durian. The company also plans to build processing facilities, including four wet-processing plants in coffee supply regions and one essential oil extraction plant.
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