FPT AGM 2026: 15.8% Revenue Growth Target, 10:1 Stock Dividend, AI Strategy

Overview

FPT Corporation will present its 2026 business plan at its Annual General Meeting of Shareholders (AGM) on April 16, targeting revenue of VND 58,580 billion and pre-tax profit of VND 11,629 billion. The company also proposes a 10:1 stock dividend and a cash dividend of up to 20%, alongside strategic focuses on AI, UAVs, and chip design. This guidance and capital return plan are central to investor discussions ahead of the meeting.

Key Facts

• FPT targets 2026 revenue of VND 58,580 billion, a 15.8% increase over 2025 results.
• The company aims for 2026 pre-tax profit of VND 11,629 billion, a 15% year-on-year growth.
• A 10:1 stock dividend (1 new share for every 10 held) is proposed, alongside a cash dividend of up to 20% (VND 2,000 per share).
• An ESOP issuance of up to 0.5% of total outstanding shares is planned for employees contributing in the 2026-2028 period.
• The AGM is scheduled for April 16, 2026.
• The company identifies an “AI-First” strategy as a prerequisite for breakthrough growth from 2026 to 2028.
• FPT cites a potential VND 10 billion (USD 10 billion) market for low-altitude economy UAVs in Vietnam by 2035.

What Happened

FPT Corporation will hold its Annual General Meeting of Shareholders on April 16, 2026, where it will present its business plan for the year. According to the company’s filing, the plan includes revenue and profit targets, along with proposals for shareholder returns and employee incentives. The revenue target of VND 58,580 billion represents a 15.8% increase over 2025, while pre-tax profit is set at VND 11,629 billion, up 15% year-on-year. These figures are based on a new consolidation method for FPT Telecom.

In addition to the financial targets, FPT will seek shareholder approval for a 10:1 stock dividend and a cash dividend of up to 20% for 2026. The company also plans an ESOP issuance of no more than 0.5% of outstanding shares to reward employees for contributions during 2026-2028. The AGM agenda includes discussions on strategic priorities, with leadership highlighting an AI-First approach, expansion in UAVs and chip design, and responses to risks like geopolitics and economic slowdown.

Market Context

FPT (HOSE:FPT) closed at VND 76 on April 14, 2026, up 0.26% with a volume of 5.9 million shares. As a leading technology stock on the Ho Chi Minh Stock Exchange, FPT’s AGM announcements are closely watched for signals on growth trajectory and capital allocation. The proposed 15% profit growth target, while solid, is noted as lower than historical multi-year averages, prompting investor questions about a potential new baseline. The stock dividend and cash payout may support shareholder sentiment amid investments in AI and data centers.

Strategic Significance

The 2026 plan underscores FPT’s pivot toward high-value technology segments, particularly AI, where it aims to master the value chain. The AI-First strategy for 2026-2028, coupled with investments in UAVs (targeting a VND 10 billion market by 2035) and chip design, signals a shift from traditional IT services to proprietary tech development. This diversification could enhance margins and reduce dependency on outsourcing, though it requires sustained capital expenditure, reflected in the moderated profit growth target and ongoing dividend commitments.

What to Watch

• Shareholder approval of the 2026 business plan, stock dividend, and cash dividend at the April 16 AGM.
• Execution against the 15.8% revenue and 15% pre-tax profit targets in upcoming quarterly earnings reports.
• Progress updates on AI Factory operations in Vietnam and Japan, and expansion plans in data centers and cloud infrastructure.
• Details on M&A strategy for 2026-2030, including target regions like the U.S., Japan, or Europe.
• Any adjustments to dividend policy in response to investment needs for AI, data centers, and international expansion.