AsemconnectVietnam - Vietnam National Petroleum Group (Petrolimex, code PLX) has just announced its financial report for the second quarter of 2025 and the first half of 2025.

In the second quarter, PLX's net revenue reached VND77,054 billion, up 5% over the same period last year. Cost of goods sold increased by 4%, helping gross profit reach VND5,135 billion, up 11%. Gross profit margin also improved from 6.3% to 6.7%.
In this period, only financial expenses decreased by 2.3%, down to VND327.5 billion; while sales expenses and business management expenses increased by 11% and 24%, up to VND3,120.6 billion and VND308 billion, respectively.
After deducting expenses and taxes, the Group's consolidated profit after tax reached VND1,368 billion, up 6% and also the highest quarterly level since the end of 2022.
In the first 6 months of the year, Petrolimex recorded consolidated net revenue of VND144,915 billion, down nearly 3% compared to the same period in 2024. However, profit after tax decreased by 35% compared to the same period, to VND1,579 billion.
By the end of the second quarter, Petrolimex's total assets reached VND87,411 billion, up nearly 8% compared to the beginning of the year. Of which, short-term assets accounted for 76%, reaching VND66,275 billion. PLX currently has more than VND16,800 billion in inventory, up 7%; total financial investment value reached VND28,900 billion, up 43.1%.
On the other side of the balance sheet, PLX's liabilities also increased by nearly 14% to VND59,233 billion, mostly short-term debt at VND58,473 billion. The Group's short-term and long-term debt were VND20,800 billion and VND441 billion, respectively.
In another development, from August 1, 2025, Petrolimex has piloted the sale of E10 biofuel (E10 gasoline) at 36 gas stations in Ho Chi Minh City (before the merger) to assess the market and the possibility of practical implementation.
According to Vietcap Securities, from January 1, 2026, the Government plans to apply the policy of using 100% E10 biofuel nationwide. Petrolimex and PV OIL are the only two enterprises equipped to pilot the blending and retailing of E10 from August 1, 2025. Other distributors will have to buy E10 from PLX or OIL, or invest in new infrastructure. Petrolimex can also provide E10 blending services for a fee.
N.Nga
Source: VITIC/Tinnhanhchungkhoan