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TDW, the Thu Duc Water Supply Joint Stock Company (HOSE: TDW), plans to raise its cash dividend payout to 29% for 2025, with a 14% target for 2026. The company also said it will expand its business activities and prepare for the appointment of senior leadership.
In its 2026 AGM materials, TDW outlined that the dividend paid from 2025 profits will be 26% in cash, higher than the initial plan of 12%. The company will pay dividends in two installments: 1,600 dong per share and 1,000 dong per share.
TDW will also use retained earnings from previous years to pay an additional 3% dividend, equivalent to 300 dong per share. In total, shareholders are expected to receive 2,900 dong per share in 2026.
TDW also set out a dividend schedule for subsequent years based on profits and undistributed earnings from earlier periods. The plan is for dividends from profits to be 14% in 2026, 10% in 2027, 18% in 2028, and 25.2% in 2029.
The 2027–2029 dividend rates are drawn from undistributed profits from previous years (from 2024 and earlier), totaling more than 45.3 billion dong.
TDW’s shareholder base is highly concentrated, with two major shareholders holding 95.17% of charter capital. Saigon Water Supply Corporation owns 51% of shares, while REE holds 44.17%. The remaining 4.83% is held by other shareholders, including 2.72% domestic and 2.10% foreign.
For 2026, TDW targets total revenue of over 1,391 billion dong, up 2.6% from 2025. Net profit after tax is expected to exceed 61.3 billion dong, up about 1.5% year-on-year.
In core production and business, TDW plans to supply 113.9 million cubic meters of water through metering, expected to generate nearly 1,378 billion dong in revenue. The company also set a 2026 water leakage rate target of 10%.
In 2025, TDW reported total revenue of over 1,357 billion dong, up 1.8% from 2024 but reaching 98.4% of its plan. Net profit after tax exceeded 60.4 billion dong, beating the annual target by 4.2% and rising 8% from 2024.
At the upcoming general meeting, TDW will elect two independent members to the board of directors for the 2022–2027 term. The company said the move is intended to ensure the board’s composition complies with legal requirements.
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