After over three decades of growth, GELEX has evolved into a multi-sector investment company operating under a Holdings model, currently owning two sub-holdings: GELEX Electricity JSC and GELEX Infrastructure JSC, with several well-known brands including Viglacera, CADIVI power cables, and THIBIDI transformers. GELEX holds a brand value of USD 148 million and is in the Top 10 companies with the highest brand value growth rate in Vietnam.
Cyborg Score Rationale
GELEX reported pre-tax profit of VND 4.636 trillion in 2025 (the highest in the Group's history) with consolidated net revenue of VND 39.519 trillion, up 17.1% year-on-year. Total assets reached VND 73.557 trillion (up 36.8%) with cash and equivalents at VND 8.66 trillion, reflecting strengthened financial capacity.
Top Insights
2025 marked breakthrough results with pre-tax profit reaching VND 4.636 trillion (the highest ever) while completing 105% of revenue target and exceeding profit target by 52%.
Electrical equipment segment is the leading business contributor at VND 25.052 trillion (63.4% of total revenue) with 21% year-on-year growth.
GELEX Infrastructure successfully completed its IPO and is moving towards listing on the HoSE, while member units like GELEX Electric experienced breakthrough growth.
Company successfully raised $79 million in international capital, prepared financial statements according to IFRS standards for the first time, and implemented digital transformation initiatives.
Named Competitors
Electrical Equipment Manufacturing — Global electrical equipment and digital transformation leader
Industrial Parks & Real Estate — Vietnam's leading industrial parks and real estate developer
Construction Materials — Leading ceramics and construction materials (GELEX subsidiary brand)
Recent Developments
(January 2026) GELEX Infrastructure JSC IPO decision approved with 890 million shares to be traded on HoSE
(January 2026) GELEX Electric announced 2025 business performance with consolidated net revenue of VND 25.463 trillion
(January 2026) Partnership agreement signed with Foreign Trade University to develop high-quality human resources
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