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On the afternoon of April 21, PAN Group held its 2026 Annual General Meeting of Shareholders (AGM). Chairman of the Board Nguyen Duy Hung said the Board would propose a new resolution to issue shares to raise equity from retained earnings at a rate of 20%, in addition to the previously disclosed 30% cash dividend.
In 2025, PAN Group’s consolidated revenue reached VND 17,586 billion, up about 9% year-on-year. After-tax profit was VND 1,165 billion, rising modestly compared with the same period. Profit after tax attributable to parent company shareholders reached VND 673 billion, up 10.5%; excluding non-recurring profit in 2024, core profit in 2025 increased 17%.
For 2026, the Group expects consolidated net revenue of VND 18,000 billion, up 2% year-on-year. Consolidated profit before tax is forecast at VND 2,012 billion, with net profit after tax of VND 1,780 billion. Profit after tax attributable to parent company shareholders is expected to reach VND 1,250 billion, up 86%.
After transferring all shares of Bibica Joint Stock Company and its contributed capital in Bibica Capital to Momogi Group Vietnam, the parent company’s profit before tax reached VND 1,118 billion in Q1 2026, while after-tax profit was VND 1,094 billion—up about 40 times year-on-year. The figure also reached 87.5% of the annual profit plan.
Following the divestment, PAN Group reported cash on hand of VND 2,056 billion. At the AGM, the Board proposed a 30% cash dividend, equivalent to 3,000 dong per share, representing about VND 627 billion for 2026. The proposed payout rate is the highest in 18 years and the largest sum in the group’s history.
In parallel, the Board proposed issuing shares to raise equity from retained earnings at a rate of 20%.
Regarding strategy, PAN Group said it will focus on strengthening the closed-loop agriculture–food ecosystem. While Bibica’s packaged foods revenue is no longer included, the Group expects growth from other subsidiaries, particularly in agriculture and seafood.
The Board also proposed adding real estate as an operating sector to leverage the land bank owned.
CEO Nguyen Thi Trà My commented on the Bibica sale: “Sometimes you must prune a few branches so nutrients can flow into the main trunk.”
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