On the morning of April 10, 2025, SCI Joint Stock Company (stock code: S99 - HNX) successfully held its 2025 Annual General Meeting of Shareholders (AGM) in an online format.
In 2024, facing numerous market-wide difficulties and challenges, SCI was still affected to a certain extent. However, thanks to a sound development strategy, the Company achieved several accomplishments, preserved shareholder capital, and ensured employment stability for its workforce.
Specifically, in 2024, SCI successfully executed key construction items under EPC contracts for major hydropower projects in Laos, including the Nam Sam 3 Hydropower Project, the Nam Mo 1 & 2 Hydropower Projects, and the Nam Sam 3A.
In addition, SCI initiated investment projects in Laos such as: the Nam Khian 1, 2, and 3 Hydropower Project Cluster - currently undergoing legal investment procedures under the PDA; and the Nam Lan 1, Nam Lan 2, and Nam Neun Lower Hydropower Cluster - in the process of negotiating the Project Development Agreement (PDA).
Moreover, investment research and business development activities continued to be strengthened to implement domestic energy projects, marketing to serve as project development consultants, and EPC contractors for hydropower and wind power projects in the Lao market.
Design work met the schedule requirements of project owners. In industrial production, SCI successfully resolved technical issues, bringing Nam Lum 1 Hydropower Plant to the grid. The Company also maintained and upgraded facilities at various plants to ensure stable operations.
The Meeting also approved the 2025 business plan, setting targets for consolidated revenue of VND 2,024 billion and consolidated pre-tax profit of VND 133.5 billion. For the parent company, the revenue target is VND 1,293 billion, with a pre-tax profit of VND 43.67 billion and a planned 2025 dividend payout ratio of 5%.
In 2025, SCI will continue implementing key items from 2024, such as closely following the implementation of Power Development Plan 8 for ongoing wind power investments to timely proceed with next steps; completing EPC contracts on schedule; enhancing construction supervision and design consultancy; expanding its investment footprint in both the Vietnamese and Laotian markets; and consistently managing operational power plants to achieve maximum efficiency.
Several other important issues were also approved at the Meeting, including the 2024 profit distribution plan and the approval of a new share issuance plan.
At this AGM, shareholders unanimously approved the dismissal of Mr. Ngô Vũ An from the Board of Directors - following his resignation - and elected Mr. Nguyễn Anh Huy as a new Board member for the 2023 - 2027 term.
With strong consensus and unity, the Meeting passed all reports, proposals, and other important matters.
