Ho Chi Minh City, Vietnam – April 23, 2026, at the 2026 Annual General Meeting, Saigon Beer – Alcohol – Beverage Corporation (SABECO) reported resilient business results for 2025 driven by disciplined capital stewardship and sustained efforts to fortify operational efficiency, enabling the company to defend its core operations, and successfully navigate a challenging market.
For the full year 2025, SABECO recorded net revenue of VND 25,888 billion and profit after tax of VND 4,573 billion, up approximately 2% year-on-year. Q4 2025 was particularly strong with the profit after tax of nearly VND 1,119 billion, up 13% year-on-year. As of 31 December 2025, SABECO’s total assets reached VND 32,597 billion, with a current ratio of 2.49 times, reflecting strong liquidity and balance sheet strength.
Supported by strong cash generation, the Board of Directors has proposed a total dividend payout equivalent to 50% of charter capital for 2025. This marks the second year at this level of payout, reinforcing SABECO’s commitment to delivering sustainable value to shareholders.
Mr. Tan Teck Chuan Lester, General Director of SABECO, said “2025 demanded sharper execution and deeper structural improvements across our system. In a market shaped by softer demand and intensified competition, our response was not only to ensure financial performance but also to upgrade our capabilities across commercial, operational, and digital dimensions.”
Operational progress in 2025
Execution during 2025 was centered on strengthening core capabilities and enhancing competitiveness across three key areas:
1. Enhancing commercial precision and route-to-market effectiveness: SABECO improved distribution efficiency, strengthened outlet-level execution and expanded market coverage throughout the year 2025. Direct Delivery coverage rose to 89% nationwide, improving cost control, responsiveness, and data visibility. Digital tools further strengthened commercial capability through better planning, faster decisions, and higher field productivity.
2. Optimizing portfolio and strengthening brand value: SABECO advanced its portfolio optimization and brand-building agenda through the successful rollout of the 250ml Bia Saigon Chill format, which generated strong market momentum and supported premium mix enhancement. Regional activations and multi-generational engagement programs helped strengthen brand equity while reinforcing pricing discipline.
3. Improving operational integration and supply chain modernization: SABECO continued to maintain disciplined production norm control and standardized maintenance across its breweries, resulting in improved asset reliability and greater cost transparency. In parallel, the completion of the nationwide warehouse master plan and delivery standardization initiatives lowered cost per liter by around 5% and improved service quality.
SABECO also continued to strengthen its long-term competitiveness through digital transformation, ESG execution and stronger governance. Investments in technology improved agility and data-driven decision-making, while sustainability efforts advanced resource efficiency, including improved water intensity and 100% glass bottle reuse.
Maintaining growth momentum in 2026
Looking ahead to 2026, SABECO remains positive on Vietnam’s growth outlook, supported by resilient domestic demand and continued economic development. The company will focus on four strategic priorities:
1. Driving quality growth over volume expansion, with a continued focus on protecting margins, improving profitability structure, and prioritizing efficiency and disciplined execution over volume-led growth.
2. Advancing portfolio premiumization and brand elevation to meet increasingly sophisticated consumer demand, by strengthening the product portfolio toward higher-value segments, enhancing consumer experience, and reinforcing brand positioning. As part of this direction, SABECO will introduce the 333 Pilsner “Cheers Pack,” a limited-edition 250ml can launching in May. This stylish, compact format offers a refreshing way to experience the lighter, extra-smooth taste of 333 Pilsner, a brand bridging legendary legacy with modern brewing excellence. Designed for today’s urban energy, the 250ml can ensures every sip stays crisp. It is crafted for upbeat social moments with colleagues and friends, focusing on genuine connection and a fresher way to say "Cheers".
3. Accelerating digital transformation and data-driven operations through broader adoption of digital tools, AI, and data analytics, while expanding e-commerce and modern trade channels to enhance decision-making and operational effectiveness.
4. Strengthening corporate governance and ESG integration by further aligning governance practices with international standards and advancing ESG commitments across environmental, social, and operational priorities.
At the same time, SABECO will further optimize its supply chain, invest in research and development, strengthen its domestic leadership, and selectively expand into international markets.
Commenting on the outlook of 2026, Mr. Koh Poh Tiong, Chairman of the Board, said: “While the operating environment will remain competitive and subject to global uncertainties, SABECO remains confident in its ability to navigate these challenges and is committed to investing in long-term growth opportunities with the aim of delivering lasting and meaningful value to our shareholders, customers and communities.”
Guided by these priorities, SABECO will continue to strengthen its market position through disciplined execution, selective investment and stronger operating fundamentals, while supporting sustainable long-term value creation for shareholders, customers and communities.