Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: ₫391 (vs ₫439 in 1Q 2025) First quarter 2026 results: EPS: ₫391 (down from ₫439 in 1Q 2025). Revenue: ₫713.5b (up 51% from 1Q 2025). Net income: ₫26.4b (down 11% from 1Q 2025). Profit margin: 3.7% (down from 6.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Mar 13
International Gas Product Shipping Joint Stock Company, Annual General Meeting, May 05, 2026 International Gas Product Shipping Joint Stock Company, Annual General Meeting, May 05, 2026. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫12,900, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 9x in the Oil and Gas industry in Vietnam. Total returns to shareholders of 59% over the past three years. Announcement • Jan 24
International Gas Product Shipping Joint Stock Company Issues the Decision to Announce the Appointment of Mai Van Hoang as Deputy General Director, Effective from January 21, 2026 International Gas Product Shipping Joint Stock Company issued the decision to announced the appointment of Mr. Mai Van Hoang, head of operations department, as Deputy General Director of the Company. Effective from January 21, 2026 . Date of Birth is February 23, 1985. Nationality: Vietnam . Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: ₫42.00 (vs ₫275 in 3Q 2024) Third quarter 2025 results: EPS: ₫42.00 (down from ₫275 in 3Q 2024). Revenue: ₫837.8b (up 43% from 3Q 2024). Net income: ₫2.85b (down 85% from 3Q 2024). Profit margin: 0.3% (down from 3.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 06
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 13 August 2025. Payment date: 23 September 2025. The company last paid an ordinary dividend in May 2015. The average dividend yield among industry peers is 3.9%. New Risk • Jul 24
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (58% accrual ratio). Minor Risks High level of debt (44% net debt to equity). Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (₫804.1b market cap, or US$30.6m). Announcement • Jun 03
International Gas Product Shipping Joint Stock Company, Annual General Meeting, Jun 20, 2025 International Gas Product Shipping Joint Stock Company, Annual General Meeting, Jun 20, 2025, at 09:00 SE Asia Standard Time. Reported Earnings • Apr 19
First quarter 2025 earnings released: EPS: ₫483 (vs ₫517 in 1Q 2024) First quarter 2025 results: EPS: ₫483. Revenue: ₫474.0b (up 8.7% from 1Q 2024). Net income: ₫29.6b (up 2.8% from 1Q 2024). Profit margin: 6.3% (down from 6.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫10,600, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 8x in the Oil and Gas industry in Vietnam. Total loss to shareholders of 15% over the past three years. Reported Earnings • Mar 17
Full year 2024 earnings released: EPS: ₫1,507 (vs ₫1,268 in FY 2023) Full year 2024 results: EPS: ₫1,507 (up from ₫1,268 in FY 2023). Revenue: ₫2.25t (up 27% from FY 2023). Net income: ₫92.5b (up 19% from FY 2023). Profit margin: 4.1% (down from 4.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 22
Full year 2024 earnings released: EPS: ₫1,315 (vs ₫1,283 in FY 2023) Full year 2024 results: EPS: ₫1,315 (up from ₫1,283 in FY 2023). Revenue: ₫2.25t (up 27% from FY 2023). Net income: ₫100.6b (up 28% from FY 2023). Profit margin: 4.5% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Announcement • Oct 23
International Gas Product Shipping Joint Stock Company Announces Resignation of Vu Van Duc as Deputy CEO, Effective November 1, 2024 On October 21, 2024, the BOD of International Gas Product Shipping Joint Stock Company approved the resignation of Mr. Vu Van Duc as Deputy CEO from November 1, 2024. Announcement • Apr 05
International Gas Product Shipping Joint Stock Company, Annual General Meeting, Apr 24, 2024 International Gas Product Shipping Joint Stock Company, Annual General Meeting, Apr 24, 2024, at 02:00 Coordinated Universal Time. Location: Sofitel Saigon Plaza Hotel, No.17 Le Duan street, district 1, HCMC Ho Chi Minh City Vietnam Upcoming Dividend • Aug 23
Upcoming dividend of ₫1,000 per share at 11% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 18 September 2023. Trailing yield: 11%. Within top quartile of Vietnamese dividend payers (8.9%). Higher than average of industry peers (3.6%). Announcement • Aug 22
International Gas Product Shipping Joint Stock Company Approves to Pay Dividend in Cash for the 2023, Payable September 18, 2023 The Board of Directors of International Gas Product Shipping Joint Stock Company approved to pay for the 2023 dividend in cash: Record date: expected on August 31, 2023, Payment date: expected on September 18, 2023, Dividend pay-out ratio: 10%/par value (VND 1,000/share), Exercise ratio: 1:1 (01 share - 01 vote). Announcement • Aug 20
International Gas Product Shipping Joint Stock Company Approves Board Changes International Gas Product Shipping Joint Stock Company announced the Resolution of the Annual General Meeting 2023 dated April 18, 2023 with the following contents: approved the resignation of member of the BOD Mrs. Vu Thi Phuong Nga. Mrs. Pham Thi Truc and Mr. Le Truc Lam and approved the appointment of Mrs. Mrs. Vu Thi Phuong Nga, Mrs. Pham Thi Truc and Mr. Nguyen Dinh Tu as member of the BOD. Announcement • Jan 13
International Gas Product Shipping Joint Stock Company Approves to Elect Hoang Thi Hanh as Member of the Supervisory Board International Gas Product Shipping Joint Stock Company at its Annual General Meeting dated January 09, 2023, approving to elect Ms. Hoang Thi Hanh as member of the Supervisory Board in the term 2023-2028. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Chairman Vu Thi Nga is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Jul 30
International Gas Product Shipping Joint Stock Company Announces Change in Personnel The Board resolution dated July 28, 2022, the BOD of International Gas Product Shipping Joint Stock Company approved the following contents: Approved the appointment of Mr. Hoang Minh Tuan as Deputy Director of the Company from July 28, 2022. Approved the appointment of Mr. Nguyen Hai Long as Deputy Director of the Company from July 28, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Lam Le was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
International Gas Product Shipping Joint Stock Company Announces Board Resignations International Gas Product Shipping Joint Stock Company announced the Resignation Letter of member of Supervisory Board - Mrs. Nguyen Thi Thu Suong and Mrs. Huynh Thi Hong Hanh. Announcement • Apr 05
International Gas Product Shipping Joint Stock Company, Annual General Meeting, Apr 20, 2022 International Gas Product Shipping Joint Stock Company, Annual General Meeting, Apr 20, 2022, at 14:30 Coordinated Universal Time. Location: Sofitel Hotel, 17 Le Duan, Ben Nghe Ward, district 1 Ho Chi Minh City Vietnam Upcoming Dividend • Apr 24
Upcoming dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 19 May 2021. Trailing yield: 9.4%. Within top quartile of Vietnamese dividend payers (7.3%). Higher than average of industry peers (5.9%). Is New 90 Day High Low • Mar 08
New 90-day high: ₫13,150 The company is up 20% from its price of ₫11,000 on 08 December 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: ₫12,100 The company is up 5.0% from its price of ₫11,550 on 16 October 2020. The Vietnamese market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: ₫11,750 The company is up 3.0% from its price of ₫11,400 on 29 September 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Oil and Gas industry, which is also up 3.0% over the same period. Announcement • Sep 19
Nguyen Hong Hiep acquired 0.15% stake in International Gas Product Shipping Joint Stock Company (HOSE:GSP). Nguyen Hong Hiep acquired 0.15% stake in International Gas Product Shipping Joint Stock Company (HOSE:GSP) on February 7, 2018. Nguyen Hong Hiep increased ownership stake to 1.8 million shares representing 6.05% stake.
Nguyen Hong Hiep completed acquisition of 0.15% stake in International Gas Product Shipping Joint Stock Company (HOSE:GSP) on February 7, 2018 
