On April 23, An Phat Holdings Joint Stock Company (stock code: APH) successfully held its 2025 Annual General Meeting (AGM) of Shareholders. At the meeting, shareholders approved a cautious business plan for 2025, targeting consolidated revenue of VND 9,179 billion and profit after tax attributable to the parent company of VND 60 billion, along with other key matters.
In the past year, the global economic landscape and Vietnam continued to face significant challenges and fluctuations. These conditions have had a considerable impact on the production and business operations of enterprises, including An Phat Holdings. Nevertheless, thanks to the timely and flexible decisions of the Board of Directors, the company enhanced production output, increased profitability, expanded operations in core business areas, and recorded positive growth in both revenue and profit.
In 2024, APH recorded consolidated revenue of VND 14,193 billion, achieving 109% of the annual plan. The company’s gross profit reached VND 1,783 billion, up 25% year-on-year, while profit after tax rose to VND 310 billion, an increase of 41% over the same period, fulfilling 110% of the year’s profit target.
Cautious outlook in 2025
For 2025, the AGM approved a conservative business plan with revenue and profit after tax targets of VND 9,179 billion and VND 60 billion, respectively. The Board of Directors explained that these conservative projections stem from unpredictable factors related to international trade policies, particularly potential changes in trade agreements and tariff regulations in key partner countries, which may adversely impact APH’s export markets. Furthermore, starting from Q2 2025, the company will no longer consolidate the plastic materials trading segment of its subsidiaries, contributing to the reduced revenue forecast.
Sharing at the Meeting, Mr. Pham Do Huy Cuong – CEO of An Phat Holdings said: “ We recognize that 2025 holds many external uncertainties, especially regarding trade and tariff policies that may change unexpectedly. Therefore, adopting a prudent business plan is essential to ensure the Group’s long-term stability and sustainable development.“
Strategic investments and focus on expanding production
Despite a conservative business outlook, APH remains committed to expanding its strategic business sectors and promoting key projects. In 2025, the company plans to boost production capacity by constructing new factories for packaging and engineering plastics. In the industrial real estate sector, APH will continue investing in infrastructure development for the Luong Dien – Ngoc Lien Industrial Park, which is expected to begin operation in Q4 2025. The company also plans to explore new projects and expand into promising business areas.
For the compostable products segment, APH will continue investing in R&D to introduce new high-tech, environmentally friendly product lines. The company affirms that ESG (Environmental, Social, and Governance) values will remain the core driver behind its growth and sustainability strategy.
Regarding the 2024 profit distribution plan, the AGM approved a proposal not to pay dividends. All accumulated profits will be retained for production and business expansion. According to APH’s leadership, this move aims to enhance the company’s financial strength and support long-term growth.
Additionally, shareholders approved the selection of an auditing firm to audit the 2025 financial statements. The AGM also approved the dismissal of Mr. Lim Heon Young from the Board of Directors and elected Mr. Dinh Hoai Nam as a new member of the Board.
