Sabeco (SAB) Sets Record Date for 30% Cash Dividend, Payout Over VND 3,800 Billion

Overview

Sabeco (SAB, HOSE) announced a record date of July 29, 2026 for a 30% cash dividend payment for the remainder of 2025, totaling over VND 3,800 billion. The dividend will be paid on August 28, 2026, completing a 50% total cash dividend for the fiscal year. The announcement comes as the brewer reported a 56% surge in Q1 2026 net profit, signaling operational recovery.

Key Facts

• Record date: July 29, 2026; payment date: August 28, 2026.
• Dividend rate: 30% of par value, equivalent to VND 3,000 per share.
• Total payout: over VND 3,800 billion based on 1.28 billion outstanding shares.
• This is the second tranche of 2025 dividend; an interim 20% was paid in February 2026.
• Full-year 2025 dividend totals 50% of par value.
• Major shareholders: Vietnam Beverage (53.59%) and SCIC (36%).
• Q1 2026 net profit: VND 1,245 billion, up 56% year-on-year.

What Happened

Sabeco announced that it will close the shareholder list on July 29, 2026 for the final cash dividend payment for fiscal year 2025. The dividend rate is 30% of par value, meaning each share receives VND 3,000. The company will disburse over VND 3,800 billion on August 28, 2026. This follows an interim dividend of 20% paid in February 2026, bringing the total 2025 dividend to 50% as approved at the annual general meeting on April 23, 2026.

The company also released its Q1 2026 financial results, showing net revenue of VND 6,457 billion (+11% YoY) and net profit of VND 1,245 billion (+56% YoY), indicating a strong start to the year.

Market Context

Sabeco shares closed at VND 46,000 on April 10, 2026, up 1.55% with volume of 627,600 shares. The stock has been under pressure due to a 19% revenue decline in 2025, but the strong Q1 2026 earnings and high dividend yield (over 8% based on the 50% payout) provide support. The consumer staples sector remains defensive in Vietnam’s current economic environment.

Strategic Significance

The 50% total dividend for 2025 demonstrates Sabeco’s commitment to shareholder returns despite a challenging year. The company’s ability to maintain high payout ratios reflects strong cash generation and a conservative capital allocation policy. The Q1 2026 profit surge (+56%) suggests that cost optimization and volume recovery are gaining traction, supporting the 2026 guidance of 12% revenue growth and 8% profit growth.

What to Watch

• Q2 2026 earnings release in July/August to confirm recovery trend.
• Any changes in beer consumption tax or regulatory environment.
• Competitive dynamics with Heineken and other brewers in Vietnam.
• Potential M&A or divestment moves by major shareholder SCIC.
• Foreign ownership limit (currently 49%) and any changes in capital structure.