Fertilizer Giant Dam Ca Mau (DCM) To Disburse Thousands of Billions In Dividends

The Ca Mau Oil and Gas Fertilizer Joint Stock Company (Dam Ca Mau – DCM) will finalize the list of shareholders on June 30 to distribute a 20% cash dividend for 2024 (2,000 VND/share), totaling nearly 1,059 billion VND. The parent company PVN and other major shareholders will receive hundreds of billions from this dividend. The Chairman stated that this dividend reflects the effort to ensure shareholder benefits after many years of effective operations. For 2025, DCM aims for a revenue target of 14 trillion VND (a 4% increase), but the profit is expected to decrease by nearly 50% compared to 2024. In Q1 2025, DCM achieved a revenue of 3.4 trillion VND and a post-tax profit of 411 billion VND, fulfilling 24% of the revenue and nearly 54% of the profit plan. The management expects the urea price to rise due to supply disruptions from the Baltic and Middle East, as well as increasing demand from India and production halts in Egypt. Vietcap predicts that these factors will offset the impact of China’s resuming urea exports.