The first half of 2026: PVFCCo – Phú Mỹ Achieves Comprehensive Breakthrough Growth

Backed by a successful general plant overhaul, sustained high-capacity stable operations, effective capture of market opportunities, and agile management, PetroVietnam Fertilizer and Chemicals Corporation – JSC (PVFCCo – Phú Mỹ, ticker: DPM) recorded outstanding production and business results in the first half of 2026, establishing a solid foundation to exceed its full-year targets.

Stable Production, Sales Breakthrough, Financial Indicators Estimated to Significantly Exceed Plan

Against a backdrop of sharp volatility in global fertilizer markets in the early months of the year and elevated input costs — particularly gas prices and exchange rates — PVFCCo – Phú Mỹ nonetheless recorded positive production and business results in H1 2026.

Total fertilizer and chemicals production volume is estimated at approximately 551,500 tonnes. Of this:

• Phú Mỹ Urea (converted equivalent): estimated at 434,300 tonnes, at an estimated 106% of the six-month plan
• Phú Mỹ NPK: estimated at 111,200 tonnes, at an estimated 126% of plan
• UFC85: estimated at 6,000 tonnes, at 130% of plan

On the commercial side, total fertilizer and chemicals sales volume is estimated at approximately 972,300 tonnes, of which total fertilizer sales volume is estimated at 906,600 tonnes, at an estimated 132% of the six-month plan. Of this, the Phú Mỹ Urea group and Urea-derived products reached an estimated 437,200 tonnes, meeting the six-month plan, while other commercial fertilizers reached an estimated 325,200 tonnes — approximately 112% of the six-month plan and already at 105% of the full-year plan.

The standout highlight of the H1 commercial picture was Phú Mỹ NPK, with sales volume estimated at 144,200 tonnes — approximately 45% above the six-month plan, equivalent to roughly 80% of the annual plan, and nearly matching full-year 2025 performance. This product line continues to affirm its role as a key growth driver, contributing an estimated more than VND 1,800 billion to the Corporation's revenue in H1.

The chemicals segment also maintained positive growth momentum, with total commercial sales volume estimated at 65,700 tonnes, exceeding the six-month plan by 5%; of which, manufactured chemicals alone reached an estimated 51,100 tonnes, exceeding plan by 7%.

In line with production and commercial results, PVFCCo – Phú Mỹ's revenue and profit indicators are estimated to significantly exceed the six-month plan and to have grown positively on a year-on-year basis, while also achieving all 5 of 5 management plan targets and growth indicators assigned by the Vietnam National Industry – Energy Group (Petrovietnam).

Notably, these results were achieved despite average H1 gas prices running approximately 16% above plan, causing a significant increase in input costs. Alongside effective market opportunity capture, PVFCCo – Phú Mỹ continued to implement a synchronized package of cost efficiency measures, operational optimization, technology application, and technical improvements — delivering estimated total savings of approximately VND 90 billion in H1, primarily from fuel and energy savings and improvement initiatives.

These positive H1 results are the product of thorough preparation following the Phú Mỹ Ammonia-Urea Plant's general overhaul, the capacity to maintain safe and stable high-capacity operations, and a proactive approach to tracking market developments and effectively capitalizing on pricing and demand opportunities — all of which create a favorable foundation for the Corporation to continue striving to exceed its full-year 2026 production and business targets.

A Solid Foundation for Full-Year Growth and the Period Ahead

In the second half of the year, the Corporation will continue to concentrate resources on operating the Phú Mỹ Ammonia-Urea Plant and other production facilities safely and stably at high capacity; accelerate technology application and operational optimization to control risks, reduce costs, and improve product quality and production efficiency. PVFCCo – Phú Mỹ will also closely monitor market developments, managing commodity flows according to the principles of the right season, the right region, and the right demand; and will strengthen analysis and forecasting to proactively adapt to international market volatility and capitalize effectively on business opportunities.

In parallel with sustaining core business growth momentum, the Corporation will continue to advance key investment projects to expand its growth horizon — particularly in chemicals and high-value-added products, including:

• The Hydrogen Peroxide (H₂O₂) Plant
• The Off-gas Recovery Project
• The High-Tech Agricultural Innovation Center project
• Numerous other projects to extend the production-to-business value chain

This direction is fully consistent with PVFCCo – Phú Mỹ's development strategy for the new phase: continuing to consolidate its leading position in fertilizers while progressively growing the contribution of the chemicals segment and building a sustainable long-term growth foundation.

The H1 2026 results reflect not only the collective efforts of the workforce in production operations, commercial activities, and volatility management, but also affirm PVFCCo – Phú Mỹ's management capability and adaptability in the face of market turbulence. With the foundation already established and a synchronized set of solutions underway, the Corporation is confident of exceeding its full-year 2026 production and business targets and of continuing to affirm its position as Vietnam's leading enterprise in fertilizers and chemicals.