PVFCCo - Phú Mỹ sharply raises 2026 profit targets

Under a November 4 board resolution, Tổng công ty Phân bón và Hóa chất Dầu khí (PVFCCo - Phú Mỹ, stock code DPM) raised its 2026 consolidated total revenue target from VND 17.6 trillion to VND 19 trillion, an increase of nearly 8%. It raised its pre-tax profit target from VND 850 billion to VND 1.77 trillion and its after-tax profit target from VND 680 billion to VND 1.445 trillion, more than 112% above the original target.

PVFCCo - Phú Mỹ raises its 2026 revenue and profit targets.（VietVance）

The parent company raised its total revenue target from VND 15.295 trillion to VND 16.75 trillion, its pre-tax profit target from VND 800 billion to VND 1.69 trillion, and its after-tax profit target from VND 647 billion to VND 1.375 trillion. The company also raised its 2026 investment funding requirement from more than VND 1.163 trillion to nearly VND 1.4 trillion, with plans to fund it entirely from its own capital.

The company’s consolidated financial report for the third quarter of 2026 showed net revenue of VND 16.737 trillion for the first nine months, up 27% year on year. Pre-tax profit was VND 1.734 trillion and after-tax profit was VND 1.371 trillion, up 57% and 59%, respectively, from a year earlier. Against the revised annual targets, the first nine months accounted for 98% of the pre-tax profit target and 95% of the after-tax profit target; sales revenue over the same period was equivalent to 90% of the new total revenue target.

As of September 30, 2026, the company’s consolidated total assets stood at VND 18.383 trillion, up 3% from the start of the year. The company said the revisions were intended to reflect its production and business conditions and seize market opportunities in the final months of the year. It plans to maintain stable production, optimize costs and increase product sales.

Source: VietVance