Taseco Land targets net profit above 2.5 trillion VND, with up to 40% dividend payout

Taseco Land Investment Joint Stock Company (Taseco Land, TAL, HOSE) has released materials for its 2026 Annual General Meeting of Shareholders, scheduled for April 25, 2026. In its board report, the company said the economic outlook indicates 2026 will remain challenging for its business activities.

2026 business targets

Against this backdrop, Taseco Land targets consolidated revenue of 11,062.6 billion VND and after-tax profit of 2,512.5 billion VND. The company said these figures represent 3x and 3.7x the results achieved in 2025.

For 2026, Taseco Land plans to continue project development, completing and bringing key projects into operation. It also aims to develop up to five additional new projects, with a total anticipated land bank of about 300 hectares.

Project execution focus

For ongoing projects, the company said it will finalize legal procedures to ensure implementation and construction start on schedule. Key 2026 priorities include:

• Compensation and site clearance for 12 projects totaling about 368.92 hectares.
• Land handover for 10 projects totaling about 356.2 hectares.
• Speeding up identification and payment of land use fees for 9 projects.
• Completing drafting and approval of 1/500-scale planning for 5 projects, and researching and proposing planning options for new projects.

Construction start

In 2026, Taseco Land and its subsidiaries are expected to begin construction at 11 projects, including Trung Văn (high-rise) and Me Linh (social housing).

Dividend and equity plans for shareholders

Alongside the business plan, Taseco Land will seek shareholder approval for its 2025 dividend plan at 15%, comprising 5% in cash and 10% in stock.

For 2026, the company expects to pay dividends at a rate of 30%–40%, with cash dividends capped at 15%.

Bonus share issuance

The company will also present a plan to issue 108 million bonus shares to increase equity from retained earnings. The issue ratio is 30%, equivalent to a rights issue of 10:3. Under the proposed terms, a shareholder holding one share will receive one right to receive shares, and every ten rights will entitle the holder to three additional shares.

The total value of the issuances at par is 1,080 billion VND, funded from accumulated share premium as of December 31, 2025, based on the 2025 audited financial statements and subject to compliance with applicable laws. The timing of the issue is expected during 2026.

ESOP issuance

Separately, Taseco Land plans to issue 10 million shares under an Employee Stock Option Plan (ESOP) at an issue price of 10,000 VND per share. Implementation is planned for Q2–Q3 2026.