SABECO Beer Industry Research and Development Centre. The centre is a crucial component of SABECO’s strategy to bolster its production capacity and create world-class beer products for both domestic and international markets. Photo courtesy of SABECO

HÀ NỘI As 2024 draws to a close, Saigon Beer-Alcohol-Beverage Corporation (SABECO, stock code: SAB) is poised to enter the new year with renewed confidence and a robust financial foundation.

With just a few days left in the year, the company is ready to build on its solid achievements and chart a path forward in 2025.

On December 27, 2024, SABECO shareholders will have the opportunity to receive a generous 20 per cent cash dividend, reinforcing the company’s continued commitment to its investors. The official payment date for this dividend is set for January 23, 2025, with each share earning VNĐ2,000. The total payout will amount to nearly VNĐ2.6 trillion, serving as a meaningful year-end gift to shareholders. This distribution underscores SABECO’s long-standing practice of rewarding its investors, a tradition the company has maintained through various business cycles.

SABECO has consistently maintained a strong financial position, and 2024 has been no exception. As of September 2024, the company reported total equity capital of VNĐ26.2 trillion, a result of years of prudent financial management. This solid equity base allows SABECO to operate with minimal reliance on borrowed capital, with total liabilities amounting to just over VNĐ6 trillion, or less than 23 per cent of its equity value.

SABECO's beer products. Photo courtesy of SABECO

The company’s financial performance in 2024 reflects its steady recovery and growth. In the third quarter, SABECO achieved total revenue of VNĐ7.6 trillion, marking a 3 per cent increase compared to the same period in the previous year. After-tax profit rose by 8 per cent, reaching over VNĐ1.1 trillion. In the first nine months of 2024, SABECO's total revenue and profit grew by 4 and 7 per cent, respectively. As of September 2024, the company’s undistributed after-tax profit stood at VNĐ10.9 trillion, highlighting its ongoing financial strength.

Looking ahead to 2025, SABECO is setting the stage for continued growth and innovation. In a significant move, the company officially launched the SABECO Beer Industry Research and Development Centre at the end of 2024. This new facility marks a pivotal step in SABECO’s mission to master cutting-edge technology and develop new, high-quality products that will enhance the global competitiveness of Vietnamese brands.

The centre is a crucial component of SABECO’s strategy to bolster its production capacity and create world-class beer products for both domestic and international markets. The centre represents SABECO’s ongoing commitment to technological innovation, efficiency in production, and market leadership. It is a testament to the company’s forward-thinking approach as it prepares for new opportunities in 2025.

In addition to internal investments, SABECO is benefiting from positive macroeconomic signals that suggest a favorable outlook for the coming year. The recovery of industrial production and domestic consumption are key drivers for growth. According to the General Statistics Office, the Industrial Production Index (IIP) in November 2024 rose by 2.3 per cent compared to the previous month and 8.9 per cent compared to the same period in 2023. Over the first 11 months of 2024, the IIP increased by 8.4 per cent, significantly outpacing the 0.9 per cent growth seen in the same period in 2023.

Consumer spending is also showing strong momentum. Retail sales of goods and consumer services in November 2024 reached an estimated VNĐ562 trillion, a growth of 8.8 per cent compared to the previous year. Over the first 11 months of 2024, total retail sales and consumer service revenue hit VNĐ5.8 trillion, marking an 8.8 per cent year-on-year increase, indicating robust demand in the domestic market.

As SABECO closes out 2024, the company’s strategic investments, solid financial health, and commitment to innovation have positioned it for continued success. With a strong foundation in place, both financially and operationally, SABECO is poised to seize new opportunities as it moves confidently into 2025. The company’s focus on expanding its market reach, enhancing its product offerings, and embracing technological advancements will ensure it remains a leader in Việt Nam’s beer industry and beyond. VNS