Stable Production, Robust Commercial Growth

Building on favorable first-half performance, PVFCCo – Phu My maintained strong momentum throughout Q3 2026. Despite complex market conditions, rising natural gas prices, and foreign exchange pressures, the Corporation consistently exceeded key production and business targets. This performance was driven by safe, stable plant operations, proactive management, and agile market adaptation.

Estimated data for 9M 2026 indicates that equivalent Phu My Urea production reached approximately 688,000 tons (105% of the 9-month plan); Phu My NPK reached nearly 160,000 tons (115% of the plan); and UFC85 output reached roughly 9,200 tons (126% of the plan). These figures reflect safe, stable line operations alongside continuous energy optimization, technical enhancements, and strict cost controls, securing a reliable market supply.

In commercial operations, total fertilizer sales volume reached an estimated 1.21+ million tons, beating the 9-month plan by 22%. Within this volume, Phu My Urea and urea-derivative products accounted for nearly 647,000 tons (102% of the plan). Export activities remained strong, with estimated Phu My Urea exports reaching nearly 163,000 tons, broadening market reach and elevating the Phu My brand internationally.

A standout highlight was Phu My NPK, with sales volume estimated at over 177,000 tons—surpassing the 9-month target by 21% and nearly achieving the full-year 2026 target. This builds on the steady growth momentum of the Phu My NPK line over recent years, demonstrating the effectiveness of formula diversification, geographic expansion, and targeted technical support in key agricultural hubs.

In addition, trading fertilizer sales reached an estimated ~393,000 tons, exceeding the 9-month target by 80% and outperforming the full-year target. This notable outcome underscores robust commercial execution, sharp market capture, and the Corporation's successful portfolio diversification.

In the chemical segment, total sales volume reached over 99,000 tons, beating the 9-month plan by 4%. In-house manufactured chemicals alone reached nearly 83,000 tons (14% above target), led by strong demand for commercial CO2. Alongside core industrial products including NH3, UFC85, and CO2, the Corporation continues to cultivate new market segments, pursue strategic partnerships, and expand its portfolio into higher-value-added chemicals.

Product Diversification, Market Expansion, and New Growth Drivers

Beyond volume milestones, a defining priority for PVFCCo – Phu My has been accelerating new product development. The Corporation is transitioning from traditional fertilizer supply toward comprehensive plant nutrition solutions tailored to the evolving demands of modern agriculture.

Leveraging flagship products like Phu My Urea and Phu My NPK, the Corporation expanded its portfolio to include Phu My DAP and organic fertilizer lines. Phu My Organic represents a long-term strategic pillar complementing conventional inorganic fertilizers, aimed at boosting crop yields, improving soil health, and enhancing farm produce quality. This strategic shift moves away from single-product sales toward delivering integrated crop nutrition that balances organic and inorganic inputs for modern, intensive farming.

Concurrently, PVFCCo – Phu My intensified agronomic marketing, field demonstrations, and direct engagement with farmers, dealers, and distributors. Targeted support programs across raw material regions—including sugarcane, industrial crops, and fruit trees—coupled with a prominent showcase at the Dak Lak Durian Festival 2026, brought Phu My solutions directly into farm-level practice while deepening customer brand loyalty.

In chemicals, alongside established industrial lines, the Corporation continues to advance eco-conscious products. A prime example is Phu My Green DEF (Diesel Exhaust Fluid), an emission-reduction solution for SCR-equipped diesel engines that cuts harmful NOx emissions. This product broadens the chemical portfolio and unlocks access to emerging market segments, aligning with the Corporation's commitment to green product development and value chain expansion.

Strengthening the Foundation for Sustainable Development

Alongside strong business results, PVFCCo – Phu My demonstrated leadership in corporate governance and sustainability: honored in Forbes Vietnam’s Top 50 ESG Leading Companies 2026, and ranked #2 globally with two Platinum Awards at the LACP 2025 Vision Awards. Concurrently, greenhouse gas (GHG) inventories, product carbon footprint assessments, and the deployment of Digital Twin technology underscored the Corporation’s ongoing drive for governance innovation, digital transformation, and green transition.

Entering the final months of the year amid ongoing market uncertainties, PVFCCo – Phu My remains focused on safe and stable plant operations, flexible commercial tactics, strict cost containment, market expansion, and the promotion of high-value-added products. The Corporation also continues to prioritize sustainable agricultural solutions, governance excellence, and resource efficiency.

The 9M results highlight not only operational strength and market resilience, but also clear strategic traction in diversifying products, expanding value chains, and improving growth quality. This serves as a vital foundation for PVFCCo – Phu My to achieve its 2026 targets, reinforce its leadership in fertilizers and chemicals, and build sustained momentum for the years ahead.