PV GAS in the first six months of 2016: Achieved profit targets and contributed to the state budget for the entire year.

PV GAS first 6 months of 2016:

Fulfilling the task of economic security and maintaining growth amidst volatility.

In the first six months of 2026, the energy industry in general and PV GAS in particular operated amidst a volatile international market, especially due to the impact of the conflict in the Middle East between the US, Israel, and Iran , which increased the risk of disruptions in LPG and LNG supply, escalating prices, and affecting the demand for these commodities. Facing these challenges, the employees of PV GAS, through their intellectual strength and collective solidarity, successfully fulfilled their leading role in Vietnam's gas industry.

According to the audited interim consolidated financial report, in the first six months of 2026, PV GAS recorded cumulative consolidated revenue of over VND 82.0 trillion, equivalent to 58% of the 2026 plan; while pre-tax profit was over VND 11.2 trillion, reaching 99% of the 2026 plan; after- tax profit reached over VND 9.0 trillion, completing the 2026 plan; and contributions to the state budget exceeded VND 5.5 trillion, reaching 122% of the full-year plan.

The PV GAS team, united and striving for excellence, has successfully fulfilled its leading role in the gas industry in Vietnam.

In the second quarter of 2026 alone, revenue reached approximately VND 43.6 trillion, and pre-tax profit exceeded VND 7.4 trillion, an improvement compared to the previous quarter, amidst persistently high demand for gas for power generation during the dry season.

In 2026, PV GAS aims for revenue of 142 trillion VND, pre-tax profit of nearly 11.3 trillion VND, and after- tax profit of over 9 trillion VND. The results achieved in the first half of the year give PV GAS favorable room to achieve its financial targets, although it still faces many uncertainties in the remaining months.

PV GAS is proactively diversifying its LPG/LNG supply sources, strengthening international cooperation in the short term, and accelerating infrastructure investment in the long term.

Along with maintaining efficient production and business operations, PV GAS focuses on ensuring the supply of natural gas, LNG, and LPG to consumers. In response to fluctuations in international market supply, PV GAS proactively diversifies its sources of supply, strengthens cooperation with international partners, and optimizes import strategies, thereby maintaining a supply to meet the essential needs of the economy.

In the first seven months of the year, gas consumption reached over 4.2 billion ^Sm³ , equivalent to 105% of the plan, a 17% increase year-on-year; LPG/LNG sales reached nearly 2.1 million tons, equivalent to 96% of the plan. PV GAS arranged approximately 658 million Sm³ of LNG to supplement supply for PV Power power plants and power generation units under EVN/EVNGENCO3 during the peak dry season, while also supplying approximately 865,000 tons of LPG to the domestic market and exporting to Cambodia. Diversifying import sources from Australia, the United States , Canada, and Southeast Asian countries contributes to enhancing the flexibility of the supply chain in the context of a volatile international market.

The vessel METHANE MICKIE HARPER, carrying approximately 73,000 tons of LNG from Canada, docked at the Thi Vai LNG terminal on June 7, 2026.

In the investment sector, the parent company's disbursement value reached over 2.5 trillion VND, focusing on key projects such as the Vung Ang LNG Terminal, the Su Tu Trang gas gathering and transportation pipeline, and the Block B gas pipeline project. The company also continues to implement its plan to expand the capacity of the Thi Vai LNG Terminal to 3 million tons/year, aiming to meet the increasing LNG demand of the market in the medium and long term.

These projects are seen as a foundation for expanding gas and LNG infrastructure capacity, while also enhancing the economy's ability to meet energy demands in the coming period.

PV GAS is focusing intensely on achieving its targets for the second half of 2026.

The outlook for the last six months of the year still presents numerous challenges for PV GAS. Oil prices tend to fluctuate, gas consumption demand typically declines during the rainy season, while international business is projected to recover more slowly than expected. In addition, the need to accelerate the progress of key projects and complete disbursement plans continues to put pressure on PV GAS.

According to its operational direction, PV GAS will focus on market development, expanding gas and LNG consumption, gradually restoring international business operations, and strengthening the integration of supply chains, logistics, and services to improve operational efficiency.

Infrastructure investment continues to be one of the strategic priorities. In addition to ongoing LNG projects, the company is also looking for upstream investment opportunities and suitable mergers and acquisitions (M&A) to expand its product portfolio, diversify growth sources, and enhance its resilience to fluctuations in the energy market.

Overall perspective of the North Central Vietnam LNG Terminal Project (Source: Ha Tinh Provincial Economic Zone Management Board)

Simultaneously, PV GAS continues to promote digital transformation, governance innovation, and organizational restructuring to improve operational efficiency, enhance risk management capabilities, and create a foundation for the next phase of development.

The results achieved in the first half of 2026 are a testament to the efforts and intelligence of the PV GAS workforce amidst extremely challenging market conditions. With infrastructure projects underway, along with a focus on market expansion and improved management capabilities, the company aims to achieve its 2026 business targets, while continuing to realize its strategy of developing a modern gas and LNG ecosystem, enhancing its regional position, and contributing to national energy security.

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