NET Dividend 2026: Bột giặt NET Pays 6,500 VND/Share Cash

Overview

Bột giặt NET (HNX: NET) has announced a 2025 cash dividend of 6,500 VND per share, a 65% payout ratio, with a record date of October 6, 2026 and payment scheduled for October 14, 2026. The distribution totals nearly 146 billion VND and extends a decade-long record of high cash payouts. The announcement lands alongside H1 2026 results showing revenue up 21% but net profit down 43%.

Key Facts

• Cash dividend of 6,500 VND per share, equal to a 65% payout ratio on par value.
• Record date for shareholder list: October 6, 2026; payment date: October 14, 2026.
• Total distribution of nearly 146 billion VND across roughly 22.4 million shares outstanding.
• Major shareholder Masan HPC holds more than 11.7 million shares (52.25%) and will receive over 76 billion VND.
• State shareholder Vinachem holds more than 8 million shares (36%) and will receive over 52 billion VND.
• H1 2026 audited revenue reached over 891 billion VND, up 21% year on year; net profit was over 46.5 billion VND, down 43%.
• NET closed at 63,200 VND per share on September 28, 2026, implying a dividend yield of about 10.3%.

What Happened

According to the company’s announcement, October 6, 2026 is the final registration date to close the shareholder list for the 2025 cash dividend, with a ratio of 65%, meaning each share receives 6,500 VND. Payment is expected on October 14, 2026. With nearly 22.4 million shares in circulation, Bột giặt NET will disburse close to 146 billion VND in this round.

The payout continues a long-standing policy. Since 2011 the company has paid cash dividends every year at ratios ranging from 20% to 65%, and over the past five years the ratio has held between 35% and 65%. The 65% level was maintained at a record high in 2025. The company’s H1 2026 audited financial statements showed net revenue of more than 891 billion VND, up 21%, while net profit after tax fell 43% to just over 46.5 billion VND.

Market Context

NET trades on the HNX and closed at 63,200 VND per share on September 28, 2026, up 1.3% from the prior session. At that price the 6,500 VND dividend equates to a yield of roughly 10.3%, well above typical HNX large-cap payouts and a function of the company’s stable cash generation rather than a distressed valuation. The stock sits in the Consumer Staples sector, where NET’s household detergent franchise competes with larger listed peers. The broader Vietnamese market has favored high-yield cash names as credit growth and deposit rates remain a live debate, and NET’s consistent payout record keeps it on income-oriented screens.

Strategic Significance

For long-term holders, the core thesis is capital return discipline rather than growth. NET’s 2026 plan sets two scenarios: low-case net revenue of 1,750 billion VND and after-tax profit of 160 billion VND, or high-case revenue of 1,850 billion VND and profit of 180 billion VND. After two quarters the company has met 51% of the low-case revenue target but only 29% of the profit target, so the gap between revenue expansion and margin compression is the central question. The dividend is funded from a balance sheet that held more than 994 billion VND in total assets at June 30, 2026, down 7.6% from the start of the year, including nearly 358 billion VND in short-term financial investments (36% of assets) and over 278 billion VND in inventory (28%). The controlling structure, with Masan HPC at 52.25% and Vinachem at 36%, means minority investors are effectively riding a distribution policy set by two strategic holders.

What to Watch

• Q3 2026 earnings release, to test whether the 43% H1 net profit decline persists or reverses.
• Whether the 65% payout ratio is repeated for the 2026 fiscal year or stepped down toward the 35% floor.
• Input cost trends for detergent raw materials, given inventory at 28% of total assets.
• Any change in the Masan HPC or Vinachem stakes, which together control 88.25% of shares.
• Liquidity and foreign-ownership data on HNX, since a thin free float amplifies price moves around the October 6 record date.