PV Power Raises 2026 After-Tax Profit Target to VND 4.973 Billion

Vietnam Oil and Gas Power Corporation JSC (PV Power) has announced a revised 2026 business plan. Its total revenue target is VND 53.308 billion, nearly 7% higher than the original plan; its pre-tax profit target is VND 5.568 billion, about 4.2 times the original target; and its after-tax profit target is VND 4.973 billion, more than 4.4 times the original target.

The parent company's revenue target was raised 6.5% to VND 44.437 billion. Its pre-tax profit target is VND 4.695 billion, about four times the original plan, while its after-tax profit target is VND 4.317 billion, about 3.9 times the original plan. The parent company's investment implementation target was raised by more than 46% to VND 2.545 billion, including VND 1.883 billion in capital contributions to member companies.

Total planned disbursements are VND 6.477 billion, an increase of VND 806 million from the previous plan. Of that, VND 5.049 billion will come from the company's own funds, while loans and other funding remain at VND 1.428 billion.

Materials provided by PV Power.（VietVance）

The revision follows PV Power's results for the first nine months of 2026: net revenue reached VND 49.406 billion, up 95% year on year, while after-tax profit was nearly VND 6.899 billion, more than 3.2 times the amount in the same period of 2025 and about 39% above the revised full-year profit target. In the third quarter, net revenue was about VND 16.772 billion, up 114% year on year, and after-tax profit exceeded VND 2.073 billion, up nearly 119%.

POW shares closed on November 10 at VND 12,500 per share, giving the company a market capitalization of about VND 38.348 billion.

Source: VietVance