Petrovietnam Gas (GAS) Q1 2026 earnings summary

Executive summary

• Net revenue for Q1 2026 reached VND 38.02 trillion, up 48% year-over-year, with gross profit of VND 4.51 trillion, an increase of 10% compared to Q1 2025.

• Net profit after tax was VND 2.99 trillion, up 8% year-over-year, with EPS at VND 1,220.

• Business operations remained stable, with all segments contributing positively.

Financial highlights

• Total assets as of 31/03/2026 were VND 92.92 trillion, up from VND 87.75 trillion at the start of the year.

• Owners' equity increased to VND 70.59 trillion from VND 65.30 trillion.

• Cash and cash equivalents rose to VND 7.32 trillion from VND 6.88 trillion.

• Gross margin for Q1 2026 was 11.9%, down from 15.9% in Q1 2025.

• Financial income reached VND 384.8 billion, while financial expenses were VND 118.4 billion.

Outlook and guidance

• Management expects continued growth in core gas and gas product segments, supported by stable domestic demand and ongoing infrastructure investments.