FPT Telecom (FOX) Sets 20% Cash Dividend, VND1,477.5B Payout for 2025

Overview

FPT Telecom (ticker FOX, listed on UPCoM) has approved a 2025 cash dividend of 20%, equivalent to VND2,000 per share, per a Board of Directors resolution. The payout totals roughly VND1,477.5 billion and flows mainly to two large shareholders: the Ministry of Public Security and parent company FPT (HoSE).

Key Facts

• Dividend ratio: 20% cash, or VND2,000 per share, for fiscal year 2025.
• Record date for shareholder eligibility: 10/12/2026; payment date: 29/12/2026.
• Shares outstanding: approximately 738.8 million, implying a total payout of about VND1,477.5 billion.
• Ministry of Public Security holding as of 30/9/2026: nearly 370.7 million shares (50.17%), entitled to roughly VND741.3 billion.
• FPT Corporation (HoSE: FPT) holding: nearly 337.3 million shares (45.66%), entitled to about VND674.6 billion.
• Q3/2026 results: net revenue of nearly VND5,916.5 billion (+20% year on year) and net profit of nearly VND1,022.5 billion (+13%).
• 9M/2026 cumulative: net revenue of nearly VND16,690.6 billion (+16.8%) and post-tax profit of nearly VND2,934 billion (+13.7%).

What Happened

FPT Telecom disclosed the dividend through a Board of Directors resolution published by the company, according to the source report. Shareholders on the register as of 10/12/2026 will receive VND2,000 per share, with cash disbursed on 29/12/2026. Based on the current share count of roughly 738.8 million, the company will distribute about VND1,477.5 billion.

The ownership structure concentrates the benefit. The Ministry of Public Security held close to 370.7 million shares, or 50.17%, as of 30/9/2026, and stands to receive more than VND741.3 billion. FPT Corporation, with nearly 337.3 million shares and a 45.66% stake, would collect approximately VND674.6 billion. The two holders together account for more than 95% of the register, leaving a comparatively small free float for outside investors.

Market Context

FOX last closed at VND53,100 on 2 November 2026 on UPCoM, a thinly traded venue where the 20% cash ratio implies a meaningful distribution relative to the prevailing price. Parent FPT closed at VND50,200 on HoSE the same session. The dividend lands against a resilient operating backdrop: Q3/2026 revenue grew 20% year on year and nine-month profit rose 13.7%, while total assets reached more than VND31,903 billion, up 22.2% from the start of the year, with over VND15,154.7 billion held in term bank deposits.

Strategic Significance

For long-term holders, the payout tests whether FPT Telecom can sustain a high cash-return policy while carrying nearly VND10,187 billion in borrowings and leases, equal to 57.2% of total liabilities of almost VND17,818.5 billion. The company’s large deposit book gives it room to fund the distribution without straining liquidity, but the heavy concentration of ownership means the dividend functions largely as a transfer to the Ministry of Public Security and FPT rather than a broad shareholder return. For FPT, the roughly VND674.6 billion inflow is a recurring, low-risk contribution to group cash flow that supports its own dividend capacity.

What to Watch

• Confirmation of the official record date and payment timetable through the Vietnam Securities Depository and UPCoM notices.
• FPT Telecom’s Q4/2026 and full-year 2026 earnings, to assess whether profit growth covers the VND1,477.5 billion outlay.
• Any change in the ownership split between the Ministry of Public Security and FPT, which would alter future dividend allocation.
• Movement in borrowings and the term-deposit balance in the FY2026 balance sheet.
• FPT’s own dividend and capital-allocation announcements reflecting the incoming cash.