Saigontel (SGT) Reports 2025 Net Profit Up 2.5x, Plans VND 10,000B LNG Port

Overview

Saigontel (SGT) reported a 150% year-on-year increase in 2025 consolidated net profit to VND 327.16 billion and proposed a 1:1 rights issue to raise VND 1,480 billion. The capital is earmarked for a strategic shift into green energy and digital infrastructure, including a VND 10,000 billion LNG port project. This signals a major transformation for the company from its traditional industrial park development model.

Key Facts

• 2025 consolidated net profit: VND 327.16 billion, up approximately 150% year-on-year.
• Proposed capital increase: 1:1 rights issue to raise VND 1,480 billion.
• Planned LNG port project: Total estimated investment of VND 10,000 billion on a 32.4-hectare site.
• Digital infrastructure plan: Allocate 5-20 hectares of land for data center development.
• 2026 business target: Pre-tax profit of VND 500 billion, matching 2025 performance.
• Chairman Đặng Thành Tâm continued to receive no remuneration in 2025.
• Company plans to retain all 2025 profit for investment capital needs.

What Happened

According to documents for the 2026 Annual General Meeting of Shareholders, Saigontel (SGT) achieved a consolidated net profit of VND 327.16 billion in 2025, more than 2.5 times the result from 2024. The company attributed this growth primarily to revenue from infrastructure handovers at key industrial park projects, including the second phase of Đại Đồng Hoàn Sơn and an industrial cluster in Thái Nguyên. It also implemented cost reductions and debt restructuring efforts. Notably, Chairman of the Board Đặng Thành Tâm continued to receive no remuneration in 2025, and the company plans to retain all profits to serve investment capital needs.

For its 2026 business direction, Saigontel is focusing resources on energy and high-tech infrastructure projects. The company plans to develop an LNG Port and Warehouse project on a 32.4-hectare site with an estimated total investment of VND 10,000 billion. Additionally, it intends to allocate 5 to 20 hectares of land to build a data center system. These projects are to be developed through technology transfer partnerships with entities from the United States and South Korea, marking a shift from traditional industrial zone development to an integrated digital and green energy industrial ecosystem.

Market Context

Saigontel (SGT) is listed on the Ho Chi Minh Stock Exchange (HOSE). The announcement of strong earnings growth and a major capital-intensive strategic pivot comes as the Vietnamese market shows increasing investor interest in infrastructure and energy transition themes. The proposed rights issue, if approved, would significantly increase the company’s capital base to fund its ambitious expansion plans.

Strategic Significance

The news underscores Saigontel’s deliberate pivot from a traditional industrial park developer to a builder of an integrated industrial ecosystem centered on green energy (LNG) and digital infrastructure (data centers). The scale of the planned VND 10,000 billion LNG port investment and the pursuit of international technology partnerships signal a long-term commitment to capturing growth in Vietnam’s energy and digital transformation sectors, potentially diversifying its revenue streams and improving margins over time.

What to Watch

• Shareholder vote on the 1:1 rights issue proposal at the Annual General Meeting on April 15, 2026.
• Progress announcements on the LNG port project, including final investment decision and partnership details with US and South Korean firms.
• Execution of the capital increase and subsequent deployment of the raised VND 1,480 billion.
• Quarterly earnings reports in 2026 to track progress toward the VND 500 billion pre-tax profit target.
• Any regulatory approvals required for the large-scale LNG and data center infrastructure projects.