MWG Completes 2025 Dividend Plan with VND 1,500B Cash Payout

Overview

Mobile World Investment Corporation (MWG), listed on the HOSE, has approved its second 2025 cash dividend of 10% (VND 1,000 per share), equivalent to approximately VND 1,500 billion. The record date is 8 October 2026 and payment is scheduled for 16 October 2026. The move completes the company’s 20% cash dividend plan for 2025 and coincides with 8-month 2026 revenue of VND 129,431 billion, up 29% year-on-year.

Key Facts

• Second 2025 cash dividend ratio: 10% (VND 1,000 per share), totaling about VND 1,500 billion.
• Record date: 8 October 2026; payment date: 16 October 2026.
• First 2025 interim dividend of 10% (VND 1,500 billion) was paid in early August 2025, with a shareholder list closed on 30 July.
• Combined 2025 cash dividend: 20%, fulfilling the full-year plan.
• 8-month 2026 net revenue: VND 129,431 billion, up 29% year-on-year, reaching about 70% of the VND 185,000 billion full-year target.
• Bách Hóa Xanh 8-month revenue: approximately VND 40,100 billion, up nearly 32% year-on-year, with 3,612 stores as of end-August 2026.
• MWG share price: VND 71,700 per share as of 21 September 2026, down nearly 18% year-to-date; market capitalization approximately VND 106,000 billion.

What Happened

According to a Board of Directors resolution, Mobile World Investment Corporation (MWG) approved the second tranche of its 2025 cash dividend at a ratio of 10%, meaning each share receives VND 1,000. The final registration date is 8 October 2026, and payment is expected on 16 October 2026. With nearly 1.5 billion shares outstanding, the company will disburse roughly VND 1,500 billion.

Earlier, in early August, MWG paid nearly VND 1,500 billion as the first 2025 interim dividend, also at 10% in cash, with the shareholder list closed on 30 July. Following this second payment, MWG has completed its 20% cash dividend plan for 2025. The company also reported 8-month 2026 net revenue of VND 129,431 billion, up 29% year-on-year, with Bách Hóa Xanh contributing approximately VND 40,100 billion, up nearly 32%, and the Điện Máy Xanh group of chains generating VND 86,800 billion, up 29%.

Market Context

MWG shares closed at VND 71,700 on 21 September 2026, down nearly 18% since the start of the year, with market capitalization around VND 106,000 billion. The stock trades on the HOSE. The retail sector has faced pressure from cautious consumer spending, but MWG’s grocery arm Bách Hóa Xanh continues to expand aggressively, adding more than 1,000 new stores in the first eight months of 2026. The broader Vietnamese market has seen mixed performance, with investors weighing earnings recovery against global uncertainties.

Strategic Significance

For long-term investors, the completion of the 20% cash dividend plan signals management’s confidence in cash generation despite the share price decline. The dividend yield of roughly 10% based on the current price provides a tangible return while the company invests in Bách Hóa Xanh’s expansion. The strategic thesis hinges on Bách Hóa Xanh reaching profitability at the company level; the fact that new stores are already generating positive store-level operating profit after logistics costs suggests the model is scalable. MWG’s ability to fund both dividends and capital expenditure from operating cash flow will be key to sustaining investor returns without straining the balance sheet.

What to Watch

• Q3 2026 earnings release, expected in late October, for confirmation of revenue growth and Bách Hóa Xanh’s path to profitability.
• Bách Hóa Xanh store openings and same-store sales growth (SSSG) trends in the next monthly update.
• Any further dividend announcements for 2026, including the company’s dividend policy for the new fiscal year.
• Foreign ownership room and trading activity, as foreign investors often react to dividend news.
• Consumer spending data and retail sector performance in Vietnam, which will influence MWG’s revenue trajectory.