PVD – Earnings Review – [HOLD] – 1Q26: Solid NPAT growth on robust E&P
June 11, 2026
PVD’s 1Q26 revenue reached VND3,401bn (+126% yoy, ~110% of KIS forecast). Gross profit recorded strong growth at VND638bn (+136% yoy, ~94% of KIS forecast). 1Q26 NPAT reached VND300bn (+110% yoy), below our expectations but still at a strong level.
PVD – Earnings Review – [HOLD] – 1Q26_Solid NPAT growth on robust E&P