CNG – Earnings Review – [HOLD] – 1H26 NPAT returned to positive growth
July 30, 2026
2Q26 revenue reached VND1,836bn (+68% yoy, ~84% of KIS forecast). Total gas volume (CNG/LNG/LPG) reached 110mn Sm³ (+30% yoy, 93% of our forecast), NPAT increased 18% yoy to VND44bn (~126% KIS forecast). For 1H26, CNG reported revenue of VND3,027bn (+56% yoy, ~57% of its 2026 target) and NPAT of VND48bn (+25% yoy, 67% of its 2026 target).
CNG – Earnings Review – [HOLD] – 1H26 NPAT returned to positive growth