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At SHP’s 2026 annual general meeting, the company approved a cash dividend of 30% for 2025. SHP said its 2026 plan is cautious and designed to align with hydrological forecasts, while maintaining a positive outlook supported by stable plant operations, low depreciation, and solid cash flow.
For 2026, SHP targets total electricity output to the grid of 615 million kWh. The Da Mri Plant is expected to contribute 365 million kWh, Da Siat 66 million kWh, and Da Dang 2 184 million kWh.
Based on this output, SHP expects revenue of over 630 billion dong and after-tax profit of around 282 billion dong. This would represent declines of 3.4% and 5.6%, respectively, compared with 2025 actual results.
A key agenda item was profit distribution. Owing to strong 2025 performance, shareholders approved a 30% cash dividend for 2025, higher than the 25% originally planned.
The total dividend payout is 304 billion dong. Of this amount, 10% was advanced on 12 March 2026, with the remaining 20% expected to be paid in June 2026.
The meeting also approved a 25% cash dividend for 2026, amounting to about 253 billion dong.
SHP reported that it exceeded most key targets in 2025. Total electricity produced was about 665 million kWh, up 11% versus the 601 million kWh plan and up 10.5% from 2024.
Total revenue reached nearly 653 billion dong, up 6.6% from the plan. Net profit after tax exceeded 298 billion dong, up 9.4%.
The company attributed the 2025 performance to favorable hydrology and effective cost control. Total operating costs were around 307 billion dong, helping maintain margins above expectations.
For 2026, SHP said it lowered its plan to hedge against weather risk, while continuing to rely on stable operations, low depreciation, and strong cash flow to support results.
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