A Building Materials Conglomerate with Billion-Dollar Revenue Ambitions Is Ready for Its IPO

On July 13, 2026, AMY GRUPO will host an IPO Roadshow in Hanoi to introduce its investment opportunity ahead of the public offering. According to the proposed plan, the Company will offer 16.1 million shares at an initial offering price of VND 48,900 per share under the ticker symbol AMY on HOSE. Following the IPO, AMY GRUPO is expected to achieve a market capitalization of approximately VND 7.851 trillion, with its official listing targeted for October 2026.

AMY GRUPO has appointed Vietcap as its IPO advisor. With extensive experience in advising some of Vietnam's most notable IPOs and stock exchange listings, Vietcap will support the Company in strengthening its corporate governance framework and enhancing engagement with both institutional and retail investors.

One of the highlights of the IPO is AMY GRUPO's post-listing dividend policy. The Company plans to distribute an initial cash dividend of VND 2,000 per share immediately after listing, representing a dividend yield of approximately 4.1% based on the IPO price and 20% of par value. In subsequent years, AMY GRUPO intends to maintain a dividend payout ratio of 25%-40% of annual profit after tax, subject to business performance, investment requirements, and financial conditions. This policy reflects the Company's commitment to balancing stable shareholder returns with the retention of capital to support long-term growth.

Investors interested in attending the AMY GRUPO IPO Roadshow may register via the following link: https://forms.gle/1P7CGBoLr9UhSjCMA

A Solid Industrial Foundation - The Company's Competitive Edge

In recent years, investors have become increasingly cautious about growth stories driven solely by expectations. Instead, the market favors companies supported by tangible assets, proven manufacturing capabilities, and sustainable cash flows. AMY GRUPO is among the few finishing materials manufacturers in Vietnam that possess all of these strengths.

After more than a decade of development, the Company has built a comprehensive manufacturing ecosystem comprising four manufacturing facilities and one trading company, employing more than 2,000 people. Its diversified product portfolio includes ceramic tiles, porcelain tiles, large-format slabs, colored roofing tiles, and next-generation finishing materials such as SPC flooring, Vinyl flooring, LVT, WPC flooring, wall panels, and related accessories.

AMY GRUPO currently operates with an annual production capacity of approximately 75 million square meters. Notably, its SPC flooring business-widely recognized as one of the industry's fastest-growing segments-has reached an annual capacity of 38 million square meters, supported by 25 state-of-the-art production lines.

Beyond its manufacturing scale, AMY GRUPO is also benefiting from the ongoing global supply chain realignment and increasing demand for environmentally friendly finishing materials capable of replacing natural wood and traditional construction materials.

Exports Become the Company's Growth Engine

Perhaps the most compelling aspect of AMY GRUPO's investment story is its export capability.

In 2025, exports accounted for 74.66% of the Company's total revenue. AMY GRUPO's products are now distributed across more than 35 countries and territories, with the United States serving as its largest export market, contributing 62.49% of total export revenue.

While many domestic building materials manufacturers continue to rely heavily on Vietnam's local market, AMY GRUPO has established a strong international presence, creating a significant competitive advantage.

Industry experts believe that the Company's ability to meet the stringent technical standards required by the United States and other developed markets demonstrates its advanced manufacturing capabilities, robust quality management system, and strong adaptability in the global marketplace.

IPO Marks the Beginning of a New Growth Phase

AMY GRUPO's recent financial performance reflects a clear and consistent growth trajectory.

In 2025, the Company recorded nearly VND 7 trillion in revenue and VND 716.4 billion in profit attributable to shareholders of the parent company. Particularly noteworthy is its compound annual growth rate (CAGR) of 37.8% in net revenue over the 2021-2025 period, one of the strongest growth rates within Vietnam's building materials industry.

These figures highlight the Company's successful market expansion, production capacity growth, and effective execution of its export strategy.

For investors, this represents a key indicator of sustainable long-term growth rather than cyclical short-term performance.

According to Company representatives, listing on HOSE will not only improve access to long-term capital but also strengthen transparency, enhance corporate governance standards, and attract both domestic and international institutional investors.

Targeting Revenue of More Than VND 20 Trillion by 2030

If the period from 2015 to 2025 was dedicated to building a strong industrial foundation, 2026 to 2030 will represent AMY GRUPO's acceleration phase.

Under its five-year strategic plan, the Company aims to generate more than VND 20 trillion in revenue by 2030-more than three times its current level equivalent to a projected compound annual growth rate (CAGR) of approximately 25.3%.

Total production capacity across the Group is expected to increase from 75 million square meters to 121 million square meters annually by 2030.

Among its product segments, SPC flooring and wall panels are expected to remain the primary growth drivers, with combined capacity nearly doubling from 42.3 million square meters to 84.8 million square meters. Meanwhile, the ceramic tile and roofing tile businesses are projected to maintain stable growth, reaching 36.6 million square meters of annual capacity by 2030.

These targets reflect AMY GRUPO's strong commitment to next-generation finishing materials, a market segment expected to experience significant long-term growth, driven by increasing global demand for residential construction, renovation, and real estate development.

Supported by a growth strategy built on genuine manufacturing capabilities, a diversified international customer base, and ambitious expansion plans, AMY GRUPO is steadily establishing itself as a next-generation building materials manufacturer with global aspirations.

This IPO therefore represents not only a major milestone in the Company's development journey but also a compelling opportunity for investors to participate in the continued growth of a Vietnamese enterprise poised to achieve even greater success in the global marketplace.

Source: A Building Materials Conglomerate with Billion-Dollar Revenue Ambitions Is Ready for Its IPO