PGS Announces 20% Cash Dividend for 2025, Payable May 19

Overview

Southern Gas Trading JSC (PGS) has announced a 20% cash dividend for the 2025 fiscal year, with payment scheduled for May 19, 2026. The record date is May 11, 2026. The company will distribute approximately VND 100 billion to shareholders. PV Gas (GAS), which holds a 35% stake in PGS, is expected to receive VND 35 billion from this dividend.

Key Facts

• PGS declares a 20% cash dividend (VND 2,000 per share) for 2025.
• Record date: May 11, 2026; ex-dividend date: May 8, 2026.
• Payment date: May 19, 2026.
• Total payout: nearly VND 100 billion based on ~50 million outstanding shares.
• PV Gas (GAS) owns 35% of PGS and will receive approximately VND 35 billion.
• PGS targets 2026 revenue of VND 6,502 billion (flat) and pre-tax profit of VND 119 billion (down 16% YoY).
• Q1 2026 net profit after tax reached VND 30.5 billion, up 4% YoY, completing 32% of the full-year profit target.

What Happened

CTCP Kinh doanh Khí miền Nam (Southern Gas Trading JSC, HNX: PGS) announced on April 6, 2026, that it will pay a 20% cash dividend for 2025. The record date is May 11, 2026, and the payment will be made on May 19, 2026. The company has consistently maintained a 20% cash dividend payout for several years.

PGS’s largest shareholder, Tổng Công ty Khí Việt Nam (PV Gas, HOSE: GAS), holds 35% of PGS and will receive about VND 35 billion from this dividend. The announcement comes as PGS reported Q1 2026 net profit after tax of VND 30.5 billion, up 4% year-on-year, despite a 9% decline in revenue to VND 1,417 billion.

Market Context

PGS shares trade on the HNX around VND 52,000. The stock has been relatively stable, supported by consistent dividend payouts. GAS closed at VND 79,000 on April 15, 2026, down 0.13% with volume of 979,900 shares. The broader energy sector in Vietnam has faced headwinds from fluctuating gas prices and regulatory changes, but PGS’s dividend announcement signals confidence in cash flow generation.

Strategic Significance

PGS’s commitment to a 20% cash dividend underscores its stable cash flow from gas trading operations, even as it forecasts a 16% decline in 2026 pre-tax profit. For PV Gas (GAS), the VND 35 billion dividend from its 35% stake provides a steady income stream. The dividend policy may attract income-focused investors, though the projected profit decline warrants monitoring of operational performance.

What to Watch

• PGS’s Q2 2026 earnings report to assess whether profit trends align with the full-year target.
• Any changes in gas pricing or regulatory policies affecting the Southern gas market.
• PV Gas’s (GAS) own dividend announcements and capital allocation strategy.
• PGS’s ability to maintain the 20% dividend rate if profit continues to decline.
• Foreign ownership changes in PGS or GAS following the dividend payment.