Sonadezi Long Binh (SZB) Declares 45% Cash Dividend for 2025, Q1 Net Profit Up 26%

Overview

Sonadezi Long Binh (SZB, HNX) has announced a 45% cash dividend for 2025, equivalent to VND 4,500 per share, with a record date of July 28, 2026, and payment on August 28, 2026. The company also reported a 26.2% increase in Q1/2026 net profit to VND 41.5 billion, driven by revenue growth of 29%. The dividend payout of approximately VND 135 billion reflects SZB’s solid financial position and benefits its parent company, Sonadezi (SNZ, UPCoM), which holds a 46.22% indirect stake.

Key Facts

• SZB declares a 45% cash dividend for 2025, paying VND 4,500 per share.
• Record date for dividend entitlement is July 28, 2026; payment date is August 28, 2026.
• Total dividend payout amounts to approximately VND 135 billion based on 30 million outstanding shares.
• Q1/2026 net profit reached VND 41.5 billion, up 26.2% year-on-year.
• Q1/2026 net revenue was VND 129.9 billion, a 29% increase from Q1/2025.
• The company achieved 27% of its full-year 2026 net profit target of VND 153.8 billion in Q1.
• Total assets as of March 31, 2026, stood at VND 2,053.6 billion, up 10.8% from the start of the year.
• Parent company Sonadezi (SNZ) holds a 46.22% indirect stake in SZB as of December 31, 2026.

What Happened

Sonadezi Long Binh (SZB) announced via a company filing that it will pay a 45% cash dividend for the fiscal year 2025. Shareholders on record as of July 28, 2026, will receive VND 4,500 per share, with payment scheduled for August 28, 2026. The total cash outlay for the dividend is about VND 135 billion, based on the 30 million shares outstanding.

Separately, the company released its Q1/2026 financial results, showing net revenue of VND 129.9 billion (up 29% YoY) and net profit of VND 41.5 billion (up 26.2% YoY). The profit figure represents 27% of the full-year target of VND 153.8 billion. The company also reported a 53.8% increase in financial income and a 65.9% rise in other income during the quarter.

Market Context

SZB shares closed at VND 44,000 on July 14, 2026, on the HNX exchange. The stock has been supported by the company’s consistent dividend policy and steady earnings growth. The 45% cash dividend implies a dividend yield of approximately 10.2% at the current price, which is attractive relative to the broader market. Parent company SNZ closed at VND 26,000 on the UPCoM exchange. The real estate sector in Vietnam has seen mixed performance, but industrial park developers like SZB benefit from ongoing foreign direct investment inflows.

Strategic Significance

The high dividend payout underscores SZB’s strong cash generation and commitment to shareholder returns. The company’s ability to pay a 45% cash dividend while still funding operations and growth indicates a healthy balance sheet, with total assets of over VND 2 trillion and manageable debt (VND 196.3 billion in borrowings). The 46.22% stake held by Sonadezi (SNZ) means a significant portion of the dividend flows back to the parent, supporting SNZ’s own cash flow. For long-term investors, SZB’s consistent earnings growth and high dividend yield make it a potential income-oriented holding within the industrial real estate niche.

What to Watch

• Q2/2026 earnings release to assess whether the 27% profit target achievement rate improves.
• Any updates on SZB’s industrial park occupancy rates and new lease signings.
• Changes in Sonadezi’s (SNZ) stake or strategic direction regarding SZB.
• Dividend policy for 2026 and any special dividends or share buybacks.
• Macro factors affecting foreign direct investment into Vietnam’s industrial zones.