DMX Pays VND 5,000B Cash Dividend, Raises 2026 Profit Target

Overview

DMX (Đầu tư Điện máy Xanh) has officially paid out over VND 5,000 billion in cash dividends to shareholders, representing a 40% payout ratio (VND 4,000 per share). The distribution follows a strong operational performance, with 7-month revenue up 29% year-on-year and a raised full-year profit target exceeding VND 10,000 billion. This marks a significant milestone for the retail sector and underscores DMX’s cash-generating capability.

Key Facts

• Cash dividend payment of over VND 5,000 billion distributed on August 26, 2026.
• Dividend rate: 40% (VND 4,000 per share).
• 7-month 2026 net revenue: VND 75,474 billion, up 29% year-on-year, achieving 62% of the annual plan.
• Same-store sales growth (SSSG) maintained at 30%.
• Full-year 2026 after-tax profit target raised to over VND 10,000 billion, up from the original plan of VND 7,350 billion.
• Planned future dividends: VND 2,000 per share in December 2026 and VND 2,000 per share after the April 2027 AGM, totaling VND 8,000 per share over the period.
• Company commits to paying out at least 50% of after-tax profit as cash dividends.

What Happened

On August 26, 2026, Đầu tư Điện máy Xanh (DMX) began distributing over VND 5,000 billion in cash dividends to shareholders, fulfilling a public commitment made before its listing on the Ho Chi Minh Stock Exchange (HOSE). The payment, equivalent to VND 4,000 per share (40% payout), comes just three weeks after the company’s market debut, demonstrating its ability to generate substantial cash flow.

The dividend distribution is backed by robust financial results. According to the company’s latest announcement, net revenue for the first seven months of 2026 reached VND 75,474 billion, a 29% increase year-on-year, completing 62% of the full-year plan. Same-store sales growth (SSSG) remained strong at 30%, highlighting operational efficiency. Management has raised the full-year 2026 after-tax profit target to a record VND 10,000 billion, up from the initial plan of VND 7,350 billion, citing continued growth momentum in Q3.

Market Context

DMX, listed on UPCOM, closed at VND 79,000 on August 26, 2026. The company operates in the retail sector, focusing on consumer electronics and appliances. The dividend payment and raised profit target come amid a broader trend of strong cash generation among leading Vietnamese retailers. DMX’s market capitalization is substantial, and its ability to consistently exceed business targets is seen as a key support for long-term share price appreciation.

Strategic Significance

The dividend payout and raised profit guidance underscore DMX’s strategic focus on sustainable growth and shareholder returns. The company’s five strategic pillars—including “growth by quality” over expansion, transforming over 3,000 points of sale into financial service centers, commercializing after-sales services via Thợ Điện máy Xanh, developing a Super App with 19 million members, and expanding its EraBlue joint venture in Indonesia—are driving diversified revenue streams. The commitment to a minimum 50% payout ratio signals confidence in future cash flows and aligns management interests with shareholders.

What to Watch

• Q3 2026 earnings release, expected to confirm continued growth momentum.
• Progress of the EraBlue expansion in Indonesia, including store count and profitability.
• Development of the Super App and its contribution to online revenue.
• Execution of the planned interim dividends in December 2026 and April 2027.
• Any updates on the company’s capital allocation and potential new business initiatives.