Noibai Cargo (NCT) Announces 80% Cash Dividend for 2025 After Record Profit
This Aveluro analysis covers NCT on HOSE in the Industrial Goods & Services sector. 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 Tuổi Trẻ - Kinh doanh, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
Noibai Cargo Services Joint Stock Company (NCT), the air cargo handler at Hanoi’s Noi Bai International Airport, announced an 80% cash dividend for 2025, equivalent to 8,000 VND per share. The record date is set for July 28, 2026, with payment on August 25, 2026. The dividend follows a record year in which NCT posted all-time high revenue and net profit.
Key Facts
- Cash dividend rate: 80%, or 8,000 VND per share.
- Record date: July 28, 2026; payment date: August 25, 2026.
- Total estimated payout: approximately 209 billion VND.
- 2025 revenue: 1,211 billion VND, up 30% year-on-year.
- 2025 net profit after tax: 386 billion VND, up 45% year-on-year.
- NCT is a subsidiary of Vietnam Airlines Corporation (HVN).
- Stock closed at 94,600 VND on June 30, 2026, with low trading volume of 28,400 shares.
What Happened
Noibai Cargo Services Joint Stock Company (NCT) announced on July 1, 2026, that its board of directors approved a cash dividend payment for the fiscal year 2025. Shareholders on record as of July 28 will receive 8,000 VND per share, representing an 80% dividend rate. The company expects to disburse approximately 209 billion VND on August 25, 2026.
The dividend announcement comes on the heels of NCT’s best-ever financial performance. In 2025, the company reported revenue of 1,211 billion VND, a 30% increase from the prior year, and net profit after tax of 386 billion VND, up 45%. The strong results were driven by a recovery in air travel and cargo volumes at Noi Bai Airport.
Market Context
NCT is listed on the Ho Chi Minh Stock Exchange (HOSE) and closed at 94,600 VND on June 30, 2026, unchanged from the previous session, with thin volume of only 28,400 shares. The stock has likely benefited from the broader market uptrend, with the VN-Index rising 11.08% in Q2 2026. However, NCT’s low liquidity suggests limited institutional interest. The dividend yield at the current price is approximately 8.5%, which is attractive relative to the market average.
Strategic Significance
NCT holds a near-monopoly on air cargo handling at Noi Bai Airport, Vietnam’s second-largest international gateway. The record 2025 results and generous dividend payout underscore the company’s strong cash flow generation and pricing power. As Vietnam’s aviation sector continues to recover and expand, NCT is well-positioned to benefit from rising cargo volumes. The high dividend payout ratio (over 54% of net profit) signals management’s confidence in sustained earnings and a shareholder-friendly capital allocation policy.
What to Watch
- Q2 2026 earnings release for NCT, expected in late July or August, to gauge whether the growth momentum continues.
- Traffic data from Noi Bai Airport, particularly cargo tonnage and flight movements.
- Any expansion plans or capacity investments by NCT, as the current facility may face capacity constraints.
- Changes in Vietnam Airlines’ strategy that could affect NCT’s cargo handling volumes.
- Foreign ownership trends, as NCT’s current foreign room may be limited.