F88 Announces VND 477B Cash Dividend for 2025, Record Date May 11

Overview

F88 (UPCoM: F88) has announced a cash dividend for 2025 at a rate of 28.5%, totaling nearly VND 477 billion. The record date is set for May 11, 2026, with payment on May 14, 2026. The parent company, F88 Investment, is expected to receive over VND 476.8 billion from this distribution.

Key Facts

• Dividend rate: 28.5% (VND 2,850 per share) in cash for 2025.
• Total payout: nearly VND 476.9 billion.
• Record date: May 11, 2026; payment date: May 14, 2026.
• Parent company F88 Investment (UPCoM: F88) to receive over VND 476.8 billion.
• F88 fully redeemed VND 150 billion in bonds (code F8812501) on April 6, 2026, including nearly VND 3.9 billion in interest.
• F88 is conducting a public bond offering (second tranche) of up to 3 million bonds (code F88126015) at VND 100,000 each, totaling VND 300 billion, with a 24-month term and 10% annual fixed coupon.
• Proceeds from the bond offering will fund pawn lending: VND 150 billion for car pawn loans and VND 150 billion for motorcycle pawn loans.

What Happened

F88 announced a cash dividend for 2025 at a rate of 28.5%, meaning shareholders receive VND 2,850 per share. The total payout is nearly VND 476.9 billion, sourced from the company’s retained earnings as of December 31, 2025, per audited financial statements. The parent company, F88 Investment, will receive the vast majority of the dividend, with individual shareholders including CEO Phung Anh Tuan and Ngo Quang Hung receiving over VND 23.8 million each.

Separately, on April 6, 2026, F88 fully redeemed its VND 150 billion bond issue (code F8812501), paying principal and interest on schedule. The company is also in the midst of a public bond offering (second tranche) of up to 3 million bonds (code F88126015) with a total value of VND 300 billion, a 24-month term, and a 10% annual coupon. The proceeds are earmarked for expanding its pawn lending business, specifically car and motorcycle pawn loans.

Market Context

F88 shares trade on UPCoM under ticker F88. The company operates in the consumer finance and pawn lending sector, a niche but growing segment in Vietnam. The dividend announcement comes amid ongoing capital-raising activities, including the public bond offerings, which signal the company’s need for growth capital. The full redemption of the earlier bond issue demonstrates debt management capability.

Strategic Significance

The dividend payout reflects F88’s profitability and commitment to shareholder returns, while the concurrent bond offerings indicate a strategy to fund expansion without diluting equity. The focus on pawn lending, particularly secured loans against vehicles, suggests a targeted approach to a high-margin, collateralized lending market. The parent company’s dominant dividend receipt underscores its control and financial integration with the operating entity.

What to Watch

• Completion and subscription rate of the second-tranche bond offering (deadline May 4, 2026).
• F88’s Q1 2026 earnings report to assess profitability and loan growth.
• Any further bond issuances under the approved 10-million-bond program.
• Regulatory developments affecting pawn lending or consumer finance in Vietnam.
• Changes in foreign ownership limits or investor interest in F88 shares.