PHR Rubber Announces 14% Cash Dividend and 80% Bonus Shares

Overview

Phuoc Hoa Rubber Joint Stock Company (HOSE: PHR) has announced a cash dividend of 14% for 2025 and a bonus share issuance at an 80% ratio, with a record date of September 14, 2026. The company’s H1 2026 net profit tripled year-on-year, driven by land compensation income. This move rewards shareholders while reflecting the company’s strong financial performance.

Key Facts

• Cash dividend: 14% (VND 1,400 per share), totaling approximately VND 190 billion.
• Bonus share issuance: 80% (8 new shares for every 10 held), equivalent to over 108 million shares, valued at nearly VND 1,084 billion at par.
• Record date: September 14, 2026; ex-right date: September 11, 2026; payment date: October 15, 2026.
• H1 2026 net profit: VND 655 billion, more than triple the same period last year.
• Q2 2026 net profit: VND 370 billion, roughly four times higher year-on-year.
• Land compensation income: over VND 228 billion from VSIP III project and about VND 36 billion from Thaco project in Q2.
• Parent company GVR holds 66.62% of PHR and is expected to receive about VND 126 billion in cash dividends and over 72 million bonus shares.

What Happened

Phuoc Hoa Rubber (PHR) announced on its record date for the 2025 cash dividend and bonus share issuance. Shareholders on record will receive a 14% cash dividend and an 80% bonus share. The cash dividend will cost the company about VND 190 billion, while the bonus shares will be issued from the development investment fund, which had a balance of over VND 1,474 billion at end-2025.

The announcement comes after a strong first half of 2026. In Q2, PHR reported net revenue of VND 406 billion, up 10% year-on-year, and net profit of VND 370 billion, quadruple the prior-year period. The surge was mainly due to land compensation and support payments for handing over land for local projects, plus income from rubber tree liquidation. Specifically, PHR recorded over VND 228 billion in compensation from the VSIP III project and about VND 36 billion from the Thaco project, which did not occur in the same period of 2025.

Market Context

PHR shares closed at VND 61,500 on August 26, 2026, on the HOSE. The stock has likely been supported by the company’s robust earnings and the announced shareholder returns. The parent company, Vietnam Rubber Group (GVR), closed at VND 33,400 on the same day. The rubber sector in Vietnam is benefiting from land conversion projects and stable rubber prices, which have boosted profitability for companies like PHR.

Strategic Significance

For long-term investors, PHR’s dividend and bonus share issuance signal confidence in its cash flow and future prospects. The company’s ability to generate substantial income from land compensation, while maintaining its core rubber business, provides a diversified revenue stream. The bonus share issuance increases liquidity and rewards existing shareholders, potentially attracting more institutional interest. As a subsidiary of GVR, PHR’s performance also contributes to the parent’s consolidated results, making this relevant for GVR shareholders as well.

What to Watch

• Completion of the bonus share issuance and listing of new shares, expected after the record date.
• Q3 2026 earnings report to see if land compensation income continues.
• Progress of VSIP III and Thaco projects, which are key sources of non-recurring income.
• Any changes in rubber prices or export demand affecting core operations.
• GVR’s consolidated results for H2 2026, reflecting PHR’s contributions.