Shareholders will vote on the proposed buyback at the firm's 2026 AGM slated for March 6.

Under the plan, Kido will acquire the shares between Q1 and Q3, subject to regulatory approval. Transactions will be executed via order matching and/or negotiated deals through securities companies.

With KDC shares currently trading at around VND52,000 ($2.10) each, the full buyback would imply a maximum outlay of roughly VND750 billion ($28.88 million).

The proposed capital base reduction follows Kido’s broader restructuring efforts. In late 2025, the board approved a plan to transfer 36.33 million shares, or a 49% stake, in its affiliate Kido Frozen Foods (KDF) to Nutifood. If completed, the transaction would mark Kido’s full exit from KDF.

The divestment also involves intellectual property rights tied to the Merino and Celano ice cream brands. Kido said it would carry out procedures to re-establish trademark ownership under KDF as part of the transaction.

In 2025, Kido reported net revenue of VND9.05 trillion ($348.63 million), up 8.7% year-on-year. Net profit rose 8.7-fold to VND587 billion ($22.6 million).

Despite the earnings surges, the company achieved nearly 70% of the year's revenue target and about 90% of its profit goal.