Reported Earnings • Jul 21
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: ₫2.86t (up 47% from 2Q 2025). Net income: ₫70.3b (up ₫64.2b from 2Q 2025). Profit margin: 2.5% (up from 0.3% in 2Q 2025). The increase in margin was driven by higher revenue. New Risk • Jul 10
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (136% cash payout ratio). Announcement • Jul 03
Pha Lai Thermal Power Joint Stock Company Announces Resignation of Nguyen Minh Thanh from Deputy General Director, Effective July 1, 2026 Pha Lai Thermal Power Joint Stock Company announced that Mr. Nguyen Minh Thanh ceased to hold the position of Deputy General Director of the company. Pursuant to Board Resolution No. 69/NQ-HÐQT dated July 1, 2026 and Board Decision No. 2934/QÐ-PPC dated July 1, 2026 issued by the Board of Directors of Pha Lai Thermal Power Joint Stock Company, Mr. Nguyen Minh Thanh was relieved from the position of Deputy General Director of Pha Lai Thermal Power Joint Stock Company, effective from July 1, 2026, in accordance with Proposal No. 2888/TTr-PPC dated June 30, 2026 submitted by the General Director. Mr. Nguyen Minh Thanh was assigned to assume the position of Deputy General Director of Hai Phong Thermal Power Joint Stock Company with effect from July 1, 2026. Mr. Nguyen Minh Thanh was required to hand over work, documents, records, assets under his management, and other related matters in accordance with the company's regulations before taking up the new assignment. 