TMG Sets 30% Cash Dividend as Q3 Profit Jumps 305%
This Aveluro analysis covers TMG on UPCOM in the Basic Resources 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 CafeF - Doanh nghiệp, 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
Kim loại màu Thái Nguyên – Vimico (UPCoM: TMG) has fixed 22 October 2026 as the record date for a 30% cash dividend, or VND 3,000 per share, totalling VND 54 billion. The announcement lands alongside Q3/2026 results showing net profit up 305.4% year-on-year, driven by higher selling prices for zinc, lead concentrate and sulphuric acid.
Key Facts
- Dividend rate of 30%, equal to VND 3,000 per share, on 18 million shares outstanding and charter capital of VND 180 billion.
- Total cash outlay of VND 54 billion; ex-dividend date 21 October 2026, record date 22 October 2026, payment scheduled 30 October 2026.
- Major shareholder Tổng công ty Khoáng sản TKV – Vimico (HNX: KSV) holds 9.18 million TMG shares, or 51%, and is set to receive about VND 27.54 billion.
- Q3/2026 net revenue of VND 443.3 billion, up 69.3% year-on-year; gross profit near VND 106 billion, 3.2x the prior-year period.
- Gross margin improved to 23.9% from 12.7%; pre-tax profit VND 83.9 billion and net profit VND 67 billion, versus VND 16.5 billion a year earlier.
- Selling prices rose 34.2% for zinc ingots, 51.5% for lead concentrate and 259% for sulphuric acid year-on-year.
- Nine-month 2026 revenue of nearly VND 1,164 billion (+33.5%) and net profit of VND 148.8 billion (+187.2%).
What Happened
In a company announcement, Kim loại màu Thái Nguyên – Vimico set the final registration date for its 2026 interim cash dividend at 22 October 2026, with shares trading ex-dividend from 21 October and payment due 30 October. The 30% rate equates to VND 3,000 per share and, against 18 million shares in circulation, a total distribution of VND 54 billion. Vimico, the listed mining arm of TKV and holder of 51% of TMG, expects roughly VND 27.54 billion from the payout.
The dividend accompanies a Q3/2026 financial statement in which net revenue reached VND 443.3 billion, up 69.3%, while cost of goods sold rose a slower 47.6%. Gross profit of close to VND 106 billion lifted the gross margin to 23.9% from 12.7%. After expenses, pre-tax profit was VND 83.9 billion and net profit VND 67 billion, up 305.4% from VND 16.5 billion in Q3/2025. The company attributed the gain to higher selling prices for its main products. TMG has a track record of large cash distributions, including 155% in 2018, 70% for 2022, 27% for 2023, 32% for 2024 and 50% for 2025.
Market Context
TMG trades on UPCOM, the least liquid of Vietnam’s three equity exchanges, and last closed at VND 65,000 on 28 September 2026. At that price the VND 3,000 payout implies a yield of roughly 4.6% for this single instalment, though the stock’s thin float and 51% parent ownership limit free-float liquidity. Parent KSV, listed on HNX, closed at VND 114,800 on 18 October 2026. The results sit within a broader 2026 uplift for Vietnamese basic-resources names, where base-metal and acid price strength has fed directly into margins for miners and processors.
Strategic Significance
The thesis for TMG rests on operating leverage to commodity prices rather than volume growth. Revenue rose 69.3% while cost of goods sold rose 47.6%, so each incremental dong of sales price falls largely to gross profit; the margin move from 12.7% to 23.9% shows how quickly that leverage works in both directions. The 30% interim payout, on top of a 50% distribution for 2025, signals that management expects cash generation to hold through the year and is willing to return it rather than retain it. For KSV, TMG is a consolidated subsidiary and a steady dividend contributor, tying the parent’s earnings to the same zinc and lead price cycle.
What to Watch
- Payment execution on 30 October 2026 and confirmation that the VND 54 billion is disbursed as scheduled.
- Full-year 2026 dividend resolution, given the 50% rate paid for 2025 and the interim 30% already declared.
- Q4/2026 results and whether zinc, lead concentrate and sulphuric acid prices hold at Q3 levels.
- KSV’s consolidated reporting, which will reflect the TMG dividend and the subsidiary’s profit contribution.
- Any disclosure on TMG’s free float or further share issuance, which would affect per-share dividend math.