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In the annual report recently sent to 54,129 shareholders, Chairman of the Board Đoàn Nguyên Đức said Hoàng Anh Gia Lai (HAG, HAGL) has established a “new footing” after a decade of restructuring to address debt.
“HAGL has overcome the most difficult period in its more than 30 years of development. This is the foundation to enter the 2026-2030 period with a new vision and determination to realize that vision,” the chairman stated.
After exactly a decade of restructuring to resolve debt of up to VND 36,000 billion, the group’s total borrowings (short- and long-term) had fallen sharply to VND 7,902 billion by the end of 2025.
The report also noted that Vietnam Asset Management Company (DATC) waived or reduced interest by VND 1,534 billion, supporting the company in settling obligations on the A-bond tranche.
For the first time in many years, the audit firm stated that it no longer doubts the company’s ability to continue as a going concern.
Last year, the fruit segment continued to lead results. Banana exports generated VND 5,189 billion in revenue, accounting for nearly 70% of total revenue.
The product is now distributed in major supermarket chains including Lotte, Co.opmart, Go!, Aeon (Japan), and Lotte (Korea).
In addition, the durian segment recorded production of 3,975 tons, contributing VND 378 billion to cash flow.
Based on current production capacity, management targets net profit in 2026 of VND 4,202 billion.
A key strategic priority for the next phase is expanding farmland ownership to more than 30,000 hectares by 2030.
Coffee is identified as the core focus. The plan is to plant 7,000 hectares this year, aiming to reach a total area of 20,000 hectares by 2028. The chairman’s message also referenced a revenue outlook: “After harvesting more than 30,000 hectares above, annual revenue is expected to reach at least VND 20,000 billion.”
The company plans to invest in four wet-processing plants and one extraction plant to complete the value chain.
Financing support is expected from Orient Commercial Bank (OCB), alongside technical assistance from the Tay Nguyen Central Highlands Institute of Agro-Forestry Science and Technology (WASI).
The report said the company implemented a reward policy of 160 apartments for employees with significant contributions, and spent over VND 4 billion to support the Vietnam U23 national team to boost brand visibility.
The formal elimination of accumulated losses and the recognition of positive unappropriated earnings of VND 1,393 billion provide the basis for the Board to consider a dividend of VND 500 per share in 2027.
Details on the coffee development roadmap and capital utilization efficiency are expected to be clarified by Chairman Đoàn Nguyên Đức at the shareholder meeting.
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