PLX – Earnings Review – [HOLD] – 2Q26: Earnings came in stronger than expected

2Q26 revenue reached VND136tn (+78% yoy, +38% qoq, ~120% of KIS forecast). Operating profit and NPAT reached VND3.26tn (+135% yoy) and VND3.05tn (+114% yoy), respectively, mainly driven by the positive impact of provision reversals.