LIX to Pay 17% Cash Dividend for 2025, Maintains Interest Payments to Vingroup
This Aveluro analysis covers LIX. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 5.6/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, classified as a primary/top-tier source.
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Overview
LIX, a well-known Vietnamese detergent manufacturer, will pay a 17% cash dividend for 2025, distributing about 110 billion VND to shareholders. The announcement comes alongside Q1 2026 results showing strong revenue growth but flat net profit. The company also continues to service a loan from Vingroup related to a real estate project.
Key Facts
- LIX will pay a 17% cash dividend for 2025, equivalent to 1,700 VND per share.
- The ex-dividend date is May 20, 2026, with payment on June 8, 2026.
- Total dividend payout is estimated at 110 billion VND.
- Vinachem, holding 51% of LIX, is the largest beneficiary.
- Q1 2026 revenue reached 850.5 billion VND, up 23.8% year-on-year.
- Net profit after tax was 40.03 billion VND, nearly flat versus 40.05 billion VND in Q1 2025.
- Interest payable to Vingroup in Q1 2026 was 949 million VND; accumulated interest payable stood at 5.36 billion VND.
- Total assets at end-Q1 2026 were 1,561.9 billion VND, down 3.2% from the start of the year.
What Happened
LIX announced via the Ho Chi Minh City Stock Exchange that it will pay a 17% cash dividend for the 2025 fiscal year. Shareholders on record as of May 20, 2026, will receive 1,700 VND per share on June 8, 2026. The company expects to distribute approximately 110 billion VND, with state-owned Vinachem as the largest shareholder.
In its Q1 2026 financial report, LIX posted revenue of 850.5 billion VND, a 23.8% increase from the same period last year. Gross profit rose 23.2% to 187.6 billion VND. However, net profit after tax was essentially flat at 40.03 billion VND, compared to 40.05 billion VND in Q1 2025, due to higher costs.
The company also disclosed that it continues to pay interest on a loan from Vingroup related to the Cao Xa La project at 233 Nguyen Trai, Hanoi. In Q1 2026, LIX paid 949 million VND in interest to Vingroup, and the accumulated interest payable reached 5.36 billion VND by quarter-end.
Market Context
LIX shares closed at 30,600 VND on May 13, 2026, down 0.33% with low volume of 26,000 shares. The stock trades on HOSE. The dividend yield of 17% (based on par value) represents a cash yield of approximately 5.6% at the current market price. The flat net profit in Q1 2026 may raise concerns about margin pressure, but the company maintains a strong cash position of 419.5 billion VND.
Strategic Significance
The dividend payout underscores LIX’s commitment to returning cash to shareholders despite stagnant earnings. The company’s ability to maintain interest payments to Vingroup indicates ongoing cooperation on the Cao Xa La project, which could be a future value driver. However, the flat net profit suggests that cost inflation is offsetting revenue growth, potentially limiting near-term earnings upside. Investors should monitor cost trends and the progress of the real estate project.
What to Watch
- Q2 2026 earnings report for signs of margin improvement or further cost pressure.
- Updates on the Cao Xa La project and any additional financing arrangements with Vingroup.
- Changes in raw material costs that could impact LIX’s gross margin.
- Dividend policy for 2026 and potential special dividends.
- Foreign ownership levels and any significant shareholder movements.