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Phu Nhuan Jewelry Joint Stock Company (PNJ, ticker: PNJ) has completed a bonus share issuance to increase its charter capital. As of the completion date on 24 April, PNJ fully distributed 170.5 million bonus shares to 13,989 shareholders under a 2-for-1 ratio, meaning shareholders holding 2 shares received 1 additional share.
The bonus share issue was funded from paid-in capital surplus and undistributed profits based on the most recent audited annual financial statements, totaling VND 1,705.7 billion.
PNJ stated that the newly issued shares to increase charter capital from equity are freely transferable, except for ESOP shares that are subject to transfer restrictions.
Following the distribution, PNJ’s charter capital increased from VND 3,413 billion to nearly VND 5,119 billion.
In Q1 2026, PNJ reported net revenue of VND 17,245 billion, up 79% year-on-year. Net profit after tax reached VND 1,467 billion, up 116.5% year-on-year.
The company attributed the year-on-year net revenue growth primarily to revenue from 24K gold. It also noted that its jewelry retail segment continued to maintain positive growth.
During the period, PNJ’s gross profit rose to over VND 3,440.9 billion, up 68% year-on-year. The company also recorded more than VND 52.4 billion from financial activities, up 39% year-on-year.
PNJ reported increases across cost items, though it said the rises were not large enough to pressure gross profit. Financial costs increased from VND 37 billion to about VND 55.1 billion. Selling expenses rose 34.4% to over VND 1,352 billion, while administrative expenses were over VND 222.1 billion, up 14.7%.
As of 31/3/2026, PNJ’s total assets decreased by 2.3% compared with the beginning of the year to about VND 19,692.8 billion.
Inventories exceeded VND 13,419 billion. Short-term financial investments were over VND 3,586.4 billion, while cash and cash equivalents were over VND 923.5 billion.
Total liabilities stood at over VND 5,291.6 billion, down 23.2% from the beginning of the year. Short-term borrowings and finance lease obligations were over VND 2,893.6 billion.
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