1. Vietnam Stocks

  2. •

    Utilities

  3. •

    Electric utilities
PetroVietnam Power Corporation

PetroVietnam Power Corporation

HHOSE:POW
12,550.00
VND
-100.00
(-0.79%)
45.10TMarket Cap
Oct 23Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
12,271.9
10,313.92
8,520.18
9,790.93
9,827.44
10,874.62
12,310.13
- -
Basic EPS, GAAP
- -
878.34
820.42
623.92
714.91
360.21
398.87
870.76
- -
Free Cash Flow per Basic Share
- -
1,780.08
2,709.66
1,686.27
192.53
-1,026.91
-1,955.31
-1,107.28
327.75
Dividend per Share
- -
260.42
355.63
246.37
68.99
126.64
47.49
82.37
65.32
Book Value per Share
8,501.28
9,334.7
9,899.55
9,934.45
10,586.16
10,897.8
11,103.98
12,277.45
13,486.18
Tangible Book Value per Share
8,462.9
9,284.35
9,860.68
9,909.14
10,562.4
10,872.28
11,074.82
12,247.52
13,458.87
Basic Weighted Avg Shares
2,833
2,883
2,883
2,883
2,883
2,883
2,787
2,787
2,838
Sales/Revenue/Turnover
- -
35,375,969
29,731,734
24,560,949
28,224,118
28,329,358
30,305,634
34,306,140
- -
Operating Margin (%)
- -
11.15
11.34
9.77
10.13
5.07
3.7
9.42
- -
Depreciation Expense
- -
3,133,405
2,823,855
2,817,967
2,809,394
2,808,755
2,818,162
2,858,757
3,375,371
Net Income, GAAP
- -
2,531,961
2,365,015
1,798,554
2,060,858
1,038,364
1,111,588
2,426,657
- -
Effective Tax Rate (%)
- -
9.8
7.39
12.27
9.12
11.03
12.43
7.02
- -
Profit Margin (%)
- -
7.16
7.95
7.32
7.3
3.67
3.67
7.07
- -
Working Capital
-2,319,598
-976,697
417,357
1,608,902
6,599,400
2,256,796
-3,476,790
5,395,905
15,156,919
LT Debt
13,303,846
8,394,084
5,391,220
3,689,316
3,381,845
7,172,278
9,151,301
17,637,454
19,126,565
Total Equity
26,815,385
29,534,382
31,266,593
31,125,378
33,281,451
34,119,429
34,680,635
37,215,908
44,663,911
Return on Invested Capital (%)
- -
5.98
5.79
5.15
6.1
2.56
1.48
4.86
- -
Return on Capital (%)
- -
6.88
6.4
4.88
4.83
2.91
2.59
3.98
- -
Return on Common Equity (%)
- -
9.85
8.53
6.29
6.97
3.35
3.51
7.33
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
11,249,613
14,183,306
18,962,412
LT Borrowings
17,637,454
19,237,012
19,126,565
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,787
3,068
3,068
Market Capitalization
35,392,628
39,881,994
45,097,332

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
37,007,848
44,740,544
55,577,329
Cash, Cash Equivalents & STI
19,300,302
23,400,686
26,574,475
Accounts Receivable, Net
14,196,971
17,570,910
25,210,018
Inventories
2,174,483
2,647,476
2,676,900
Total Current Liabilities
31,611,943
33,080,673
40,420,411
Payables & Accruals
- -
- -
- -
ST Debt
11,249,613
14,183,306
18,962,412
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
3.59%
7.31%
Free Cash Flow
- -
-143.8%
-43.37%
Net Income, GAAP
- -
13.28%
118.31%
Sales/Revenue/Turnover
- -
3.61%
13.2%
Total Cash Common Dividend
- -
-1.89%
73.43%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,243,103
9,382,192
6,061,160
8,619,179
30,305,634
2025
8,150,309
9,398,770
- -
8,746,966
34,306,140
2026
12,327,018
20,308,045
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
96.31
135.67
137.29
20
398.87
2025
190.06
257
- -
207
870.76
2026
391.02
1,147
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
69.84
-41.39
5
15.76
47.49
2025
41.12
-0.03
15.68
37.7
82.37
2026
0.93
16.06
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Linh Nhu Le
Full Time Employees
2,182
Sector
Utilities
Industry
Electric utilities
Address
Ha Noi Vietnam
IPO Date
Jan 14, 2019
Website
pvpower.vn
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Business
PetroVietnam Power Corporation (PV Power) is a Vietnam-based power generation and utility enterprise primarily engaged in the development, operation, and management of power plants, as well as the production and commercial distribution of electricity. Established in 2007 as a subsidiary of the state-owned Vietnam Oil and Gas Group (Petrovietnam), the company is headquartered in Hanoi, Vietnam, and operates power generation assets across key economic regions in Northern, Central, and Southern Vietnam. PV Power operates through several specialized business segments, including gas-fired power, coal-fired thermal power, hydroelectricity, renewable energy, and power engineering services. The company provides an extensive portfolio of power generation products, technical solutions, and utility services, including: thermal electricity generation through natural gas-fired combined-cycle gas turbine power plants, such as the Ca Mau 1 and 2, Nhon Trach 1, and Nhon Trach 2 facilities; base-load electricity generation through coal-fired thermal power facilities, including the Vung Ang 1 thermal power plant; renewable hydroelectric power generation through utility-scale facilities such as the Hua Na and DakDrinh hydropower plants; solar energy generation, featuring rooftop solar installations and commercial-scale solar systems; power plant operations, maintenance, technical overhaul, and engineering repair services for thermal and hydroelectric turbines; procurement, supply, and installation of specialized industrial electrical equipment, machinery, and spare parts; project investment management, engineering consultancy, and construction management for energy infrastructure projects; and electricity wholesale trading and ancillary grid-support services. PV Power primarily serves the national electrical grid through long-term power purchase agreements with Vietnam Electricity (EVN), while also supplying power, engineering solutions, and technical services to industrial zones, commercial enterprises, and provincial utility systems. The company operates a network of subsidiaries and affiliated entities, including PetroVietnam Power Services Joint Stock Company, PetroVietnam Power Nhon Trach 2 Joint Stock Company, Hua Na Hydropower Joint Stock Company, and DakDrinh Hydropower Joint Stock Company. In recent developments, PV Power is executing a major strategic transition toward liquefied natural gas (LNG) and low-carbon energy infrastructure. The company is advancing the construction and commercial preparation of the Nhon Trach 3 and Nhon Trach 4 power plants in Dong Nai Province, representing Vietnam's first commercial LNG-to-power project with a combined capacity of approximately 1,500 megawatts. In addition, PV Power has formed a strategic consortium with domestic and international partners to develop the Quang Ninh LNG Power project, expanding its footprint in next-generation gas power generation. The company has also established strategic technical and financing partnerships with global technology leaders, including GE Vernova and Samsung C&T, for advanced high-efficiency gas turbine systems and digitalized plant management solutions. Furthermore, PV Power continues to accelerate its corporate decarbonization roadmap by scaling up investments in commercial rooftop solar, exploring offshore wind and green hydrogen initiatives, and integrating advanced automated dispatch and predictive maintenance technologies across its operating fleet to enhance operational efficiency within the Vietnam Wholesale Electricity Market (VWEM).