PGD

PGD reported a record quarterly loss of 44.7B VND in Q2/2026, reversing a 64B VND profit in Q2/2025, as cost of goods sold surged 38% while revenue rose only 30%. The loss reflects margin compression from higher input costs and geopolitical supply disruptions, with gross margin collapsing to under 1%.

PGD reported Q2 2026 net loss of VND 44.7 billion, reversing a VND 64 billion profit a year earlier, despite revenue surging nearly 30% to VND 3,858 billion. The loss is attributed to soaring cost of goods sold from rising oil prices amid US-Iran tensions, with the supplier failing to adjust selling prices in time.

PV GAS D (PGD) posted Q1 2026 net profit of VND 65 billion, a 4,997-fold year-over-year surge from a low base of VND 13.5 million, as gross profit more than doubled to VND 243.7 billion. The earnings beat stems from a nearly 8% reduction in cost of goods sold, attributed to adjusted pricing policies from its main supplier, state-owned PV GAS.