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Doubling Full-Year Profit Target in 9 Months, Fertilizer Giant Raises 2026 Guidance by 113%
PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo - Phu My, ticker DPM) has raised its 2026 consolidated profit after tax (PAT) target to VND 1,445 billion, up 112.5% from its initial guidance. After nine months, the enterprise has fulfilled 94.9% of the newly revised target, despite an over 80% year-on-year drop in third-quarter profit.
PVFCCo recently announced the Board of Directors' Resolution dated November 4, 2026, regarding adjustments to the 2026 business and production plan.
Accordingly, the consolidated total revenue target was raised from VND 17,600 billion to VND 19,000 billion, an increase of 8%. Consolidated profit before tax (PBT) was revised from VND 850 billion to VND 1,770 billion (+108%), while consolidated PAT rose from VND 680 billion to VND 1,445 billion, representing a 113% increase.
At the parent company level, planned total revenue was raised from VND 15,295 billion to VND 16,750 billion (+10%). Parent company PBT grew from VND 800 billion to VND 1,690 billion (+111%), and PAT increased from VND 647 billion to VND 1,375 billion (+113%).
Alongside operational metrics, DPM raised the parent company's total investment capital demand for 2026 from VND 1,163 billion to VND 1,400 billion (+20.3%). The adjustment focuses primarily on financial investments and capital contributions, which rose from VND 210 billion to VND 430 billion (+104.8%).
Expenditures for asset and equipment procurement increased 4.1% to VND 387 billion, while capital for basic construction remained unchanged at VND 583 billion. All investment capital requirements are sourced entirely from equity, without using debt financing.
According to the Q3/2026 consolidated financial statements, DPM recorded 9-month cumulative net revenue of VND 16,737 billion, up 27% year-on-year. Nine-month PBT reached VND 1,734 billion (+57% YoY), and PAT stood at VND 1,371 billion (+59% YoY).
Compared to the initial targets, DPM’s 9-month PBT and PAT reached 204% and 202% of the original full-year plan, respectively. Nine-month sales revenue accounted for 97% of the former revenue guidance.
Against the newly adjusted targets, DPM has accomplished 98% of its revised PBT and 95% of its revised PAT goals. Nine-month sales revenue equals 90% of the new total revenue target.
As of September 30, 2026, DPM’s consolidated total assets reached VND 18,383 billion, an increase of 3% since the beginning of the year.
Chi Kien (cafef.vn)
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