Dien May Xanh Investment Joint Stock Company (Ticker: DMX) has just announced its business results for the first nine months of 2026, recording revenue of VND 99,460 billion. This represents a 29% increase year-over-year (YoY) and fulfills 81% of its full-year target.

In September alone, DMX's revenue reached over VND 12,400 billion, setting a new high for the year and surpassing even the peak season of the Lunar New Year.

Growth was broad-based across all retail chains and product categories, driven by existing stores rather than new openings (SSSG 30%). Zero-percent interest installment plans and expanded after-sales services bolstered purchasing power amid rising selling prices without heavy discounting: installment revenue surged 50% YoY, raising the share of installment sales to 38% (compared to 33% in 9M2025).

Additional momentum came from expanding the product portfolio and increasing Apple market share through TopZone. All chains in Vietnam posted revenue growth of nearly 30%, despite zero store footprint expansion.

Among them, TopZone recorded the strongest growth (+34%), propelled by a 50% YoY increase in Apple products; pre-orders and first-week deliveries for the iPhone 18 series doubled compared to the previous year. Other core categories grew between 15% and 50% YoY, led by Air Conditioners and Laptops.

Regarding the Q4 outlook, buoyed by the new foldable Apple product (iPhone Duo) and the peak year-end shopping season, DMX is targeting full-year revenue growth of 30% YoY.

On October 29, DMX will hold an Extraordinary General Meeting of Shareholders (EGM) 2026, based on the record date of October 5. One of the main agenda items is a proposal for a cash dividend payment sourced from undistributed profits of 2026. The payout ratio and total amount for this new tranche have not yet been disclosed.

Notably, this could mark the second time in a short period that DMX shareholders receive a substantial cash distribution. Previously, on August 26, DMX paid out over VND 5,000 billion in cash dividends at a 40% ratio (equivalent to VND 4,000 per share). This dividend was funded by cumulative retained earnings up to the end of 2025.

In addition to the dividend plan, DMX's late-October EGM is expected to consider a private placement plan for bonds attached with warrants. The specific scale and terms of the issuance have not been disclosed.

Source: CafeF