Sabeco profit rises 8.9% as board approves ₫3.85 trillion dividend

Vietnamese brewer Sabeco reported ₫3.76 trillion in net profit for January-September, an increase of 8.9% from a year earlier. Its board also approved a 2026 interim cash dividend expected to total ₫3.85 trillion.

The dividend is set at 30%, equivalent to ₫3,000 per share, and will come from retained earnings. Sabeco has more than 1.28 billion shares outstanding. Shareholders on the register on December 29 will qualify for the payment, scheduled for February 2, 2027.

According to Sabeco’s consolidated third-quarter earnings statement, nine-month net revenue grew 5.1% to ₫20.03 trillion. Gross profit increased 13.5% to ₫7.62 trillion, with gross margin reaching 38%, compared with 35.2% a year earlier.

For the third quarter alone, Sabeco recorded net revenue of ₫6.68 trillion, up 3.8%, and gross profit of ₫2.55 trillion, up 6.7%. Its gross margin exceeded 38%. Operating activities generated net cash flow of ₫4.12 trillion over the nine months, a 23.1% increase.

Vietnam Beverage Co., Ltd., a ThaiBev subsidiary, is expected to receive ₫2.06 trillion from its 53.59% holding. The State Capital Investment Corporation, which owns 36%, is expected to receive around ₫1.39 trillion. Together, the two largest shareholders are set to collect nearly 90% of the payout.

Sabeco is adding products and packaging formats, including low-carbohydrate, low-calorie 333 Triple Pure beer and 250 ml cans. It is also developing modern retail and e-commerce channels. The company said it would focus on its Saigon Beer and 333 brands while preparing production, supplies and distribution for Lunar New Year demand in 2027.