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On April 22, 2026, Khang Điền Group (HOSE: KDH) held its 2026 Annual General Meeting of Shareholders at Lotte Saigon Hotel in Ho Chi Minh City. Shareholders approved all major items related to the company’s 2025 performance and its 2026 business plan.
In 2025, compared with the same period last year, KDH reported net revenue of 4,651 billion VND, up 42%, and net profit after tax of 1,045 billion VND, up 29%. Total assets reached 34,074 billion VND, up 11%. Owner’s equity was 21,164 billion VND, representing 62% of total capital. The debt-to-equity ratio remained below 1, indicating a healthy capital structure and safe liquidity.
The company said the results were largely driven by the Gladia by the Waters project (in partnership with Keppel) in Bình Trưng Ward, Ho Chi Minh City (formerly Bình Trưng Đông, Thu Duc City). The project covers 11.8 hectares and includes 226 villas and garden townhouse units, as well as a high-rise block with 616 apartments and 23 commercial/service units.
KDH completed construction of all villas, houses, facilities, and landscaping in the low-rise subdivision. It also officially launched sales in Q4 2025 with full legal documentation. In parallel, the company began handing over Certificates of land use rights and ownership to residents in accordance with regulations.
For 2026, KDH plans to continue the low-rise phase of Gladia by the Waters. At the same time, construction of the high-rise phase will commence, with groundbreaking in January 2026. Sales for the high-rise phase are planned for Q3 2026 when conditions permit.
In addition, KDH continues developing the Le Minh Xuân expansion industrial zone project in Bình Lợi commune, Ho Chi Minh City (formerly Le Minh Xuân commune, Bình Chánh District) and the 11A residential area in Bình Hưng commune, Ho Chi Minh City (formerly Bình Hưng, Bình Chánh District). These projects will be brought to market when conditions permit.
Based on its project roadmap, KDH set 2026 targets of 4,200 billion VND in revenue and 1,500 billion VND in after-tax profit.
The meeting also approved a 2025 dividend payout of 10%.
KDH said it will continue expanding its land bank at rational cost, complete legal procedures for existing projects, and prepare supply for the coming years. The company’s stated aim is to generate stable revenue and profits, maintain a sustainable competitive edge, support long-term growth, and maximize shareholder value.
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