HCC Announces 40% Dividend After Record H1 2026 Profit

Overview

Hoa Cam - Intimex Concrete (HCC) announced a 40% dividend for 2025, comprising 30% cash and 10% stock, after reporting record profits in H1 2026. The record date is set for August 20, 2026, with the ex-dividend date on August 19. This payout follows a strong first half where net profit surged 90% year-on-year to VND 31 billion.

Key Facts

• HCC will pay a total dividend of 40% for 2025: 30% in cash (VND 3,000 per share) and 10% in stock (1 new share for every 10 held).
• Record date: August 20, 2026; ex-dividend date: August 19, 2026; cash payment expected on October 16, 2026.
• Cash dividend payout totals approximately VND 19.6 billion, based on 6.5 million outstanding shares.
• Parent company Intimex Group, holding 51.48% of HCC, will receive over VND 10 billion in cash dividends.
• Stock dividend will increase charter capital from ~VND 65 billion to ~VND 72 billion.
• Q2 2026 revenue reached VND 162 billion (+35% YoY), net profit VND 20 billion (+70% YoY) – both record quarterly highs.
• H1 2026 revenue: VND 274 billion (+39% YoY); net profit: VND 31 billion (+90% YoY), exceeding full-year 2025 profit.

What Happened

On August 20, 2026, Hoa Cam - Intimex Concrete (HCC) will close the shareholder list for its 2025 dividend payment. The company announced a total dividend rate of 40%, split into 30% cash and 10% stock. Shareholders will receive VND 3,000 per share in cash, with payment scheduled for October 16, 2026. The stock dividend will be issued at a ratio of 10:1, increasing charter capital from approximately VND 65 billion to nearly VND 72 billion.

The dividend announcement follows a period of robust financial performance. In Q2 2026, HCC recorded net revenue of VND 162 billion, up 35% year-on-year, and after-tax profit of VND 20 billion, up nearly 70% – both record quarterly figures. For the first half of 2026, revenue reached VND 274 billion (+39% YoY) and net profit VND 31 billion (+90% YoY), already surpassing the full-year 2025 profit. The company attributes this growth to strong demand in the construction materials sector in the Đà Nẵng region.

Market Context

HCC shares closed at VND 22,640 on August 18, 2026, but the recent price context shows a close of VND 27,900 on the same date, indicating a significant upward move. The stock trades on the HNX exchange. The dividend yield at the current price is approximately 1.4% for the cash portion alone, but the total 40% payout (including stock) represents a substantial return. The construction materials sector in Vietnam has been benefiting from infrastructure spending and real estate recovery, which supports HCC’s growth trajectory.

Strategic Significance

The 40% dividend payout signals strong cash generation and confidence in future earnings. HCC’s ability to pay a high dividend while also issuing stock suggests a balanced approach to rewarding shareholders and retaining capital for growth. The company’s record H1 2026 profit, exceeding full-year 2025, indicates accelerating momentum. For long-term investors, this dividend announcement reinforces HCC’s position as a reliable income stock in the construction materials sector, with potential for capital appreciation as infrastructure projects continue to drive demand.

What to Watch

• Q3 2026 earnings release (expected October 2026) to see if growth momentum continues.
• Completion of the stock dividend issuance and charter capital increase.
• Updates on major infrastructure projects in the Đà Nẵng region that could affect demand.
• Any changes in parent company Intimex’s stake or strategic direction.
• Regulatory approvals or policy shifts affecting the construction materials sector.