PV GAS's impressive growth creates solid momentum for 2026

PV GAS announced its Consolidated Financial Report for the third quarter of 2025 with impressive business growth results, creating solid momentum for 2026 and the next development phase.

Accordingly, in the third quarter of 2025, PV GAS recorded revenue of nearly VND 35,711 billion, an increase of 41% over the same period in 2024; pre-tax profit of VND 3,209 billion and after-tax profit of VND 2,613 billion, both equivalent to the same period.

In the first 9 months of 2025, PV GAS achieved total revenue of nearly VND 91,490 billion, up 16% over the same period; Pre-tax profit of VND 12,599 billion, up 19% over the same period; after-tax profit of nearly VND 10,184 billion, up 19% over the same period in 2024. All financial targets have far exceeded PV GAS's 2025 plan assigned by the Annual General Meeting of Shareholders.

PV GAS's total assets as of September 30, 2025 reached VND93,865 billion, an increase of about 15% compared to the beginning of the year. This positive result affirms PV GAS's outstanding efficiency, especially when achieved on the basis of high growth in 2024 and in an unfavorable market context (crude oil prices and gas mobilization for electricity both decreased sharply). This shows that PV GAS is successfully shifting to reduce dependence on traditional growth drivers.

PV GAS's business results in the first 9 months of 2025 grew impressively, creating solid momentum for 2026 and the next development phase. Photo: PV GAS.

On the high growth track, in 2026, PV GAS plans to increase revenue by 10% compared to 2025, with many targets expected to have strong breakthroughs. Growth momentum comes from international business activities, new product and service development and comprehensive digital transformation.

In addition to maintaining its key role in Vietnam's gas value chain, PV GAS is proactively expanding into the fields of green energy, clean energy and smart technology. PV GAS said it is expected to start pilot production of green Hydrogen (green H2) at Dinh Co Gas Processing Plant (Dinh Co GPP) from the first quarter of 2026, marking an important step in the journey to realize the goal of "Green Energy Journey".

In the field of digital transformation and automation, PV GAS is implementing phase 1 of the Smart Factory Project at Ca Mau Gas Processing Plant (GPP Ca Mau), and is preparing to expand the smart management model to the Thi Vai port warehouse cluster, aiming at international standards of management, operation and logistics. At the same time, the established PV GAS Logistics Company will contribute to completing the specialized logistics service chain for the gas industry, positively contributing to the revenue and profit of the Corporation in 2026.

PV GAS is successfully shifting to reduce dependence on traditional growth drivers. Photo: PV GAS.

The period 2026 - 2030 is identified by PV GAS as a pivotal period in infrastructure investment, ensuring growth for the next period with an estimated total investment value of about 3.5 billion USD. In addition, PV GAS also strives to maintain an average revenue growth rate of 8-10%/year, aiming to capture 100% of the domestic natural gas market share, 65 - 75% of the LPG and LNG market share nationwide, while participating deeply in the international business and service market, striving to be in the Top 50 leading enterprises in the ranking of 500 largest enterprises in Southeast Asia (Fortune Southeast Asia 500) in 2030.

PV GAS also identified four main growth drivers for the coming period: Synchronously developing the gas energy value chain from upstream, midstream, to downstream; Prioritizing investment in LNG-Hubs in areas connected to existing gas industry infrastructure, contributing to the formation of Petrovietnam 's national eco-energy industry centers; Developing the gas market, diversifying consumption markets, taking international business as the driving force, with the goal of international business accounting for 30-35% of total revenue; Pioneering in developing new energy, green energy, with the goal of new products and services reaching 25% of revenue structure by 2030.

The consolidated financial report for the third quarter of 2025 with impressive business growth results is a clear demonstration of the management capacity, innovative thinking and internal resilience of the leadership and staff of PV GAS, people who are constantly ambitious, dare to conquer, and are ready to break through to contribute to the sustainable development journey of the Vietnamese energy industry.

Source: https://nongnghiepmoitruong.vn/pv-gas-tang-truong-an-tuong-tao-da-vung-chac-cho-nam-2026-d783385.html