Petrovietnam Gas (GAS) Q2 2026 earnings summary

Executive summary

• Net profit after tax for Q2 2026 increased by 25% year-over-year, driven by a significant rise in average oil prices from $73 to $97 per barrel, boosting profitability by VND 1,223 billion.

• Revenue from sales and services for H1 2026 reached VND 81.33 trillion, up from VND 55.76 trillion in H1 2025.

• The group operates across Vietnam and Singapore, with 8 subsidiaries and 2 associates, and maintains a diversified portfolio in gas, LNG, LPG, CNG, and related infrastructure.

Financial highlights

• Net revenue for H1 2026: VND 81,328 billion, up 46% year-over-year.

• Net profit after tax: VND 9,036.7 billion, up 25% year-over-year.

• Gross profit: VND 12,301.6 billion, up from VND 9,043.5 billion year-over-year.

• Basic and diluted EPS: VND 3,609, up from VND 3,162 year-over-year.

• Cash and cash equivalents at period end: VND 11,055.6 billion.

Outlook and guidance

• Profitability is expected to remain strong if oil prices stay elevated, as higher oil prices directly impact revenue and profit.