AsemconnectVietnam - Petroleum Fertilizer and Chemicals Corporation (PVFCCo - Phu My - stock code DPM) has just announced its business plan for 2026 with a consolidated business target of total revenue of VND17,600 billion, a 10% increase compared to 2025.

Pre-tax profit is expected to reach VND850 billion and after- tax profit VND680 billion.
In terms of production volume, Phu My Urea (converted) will reach 902.7 thousand tons; Phu My NPK will reach 180.0 thousand tons; and UFC 85 will reach 10.0 thousand tons.
In terms of sales volume, Phu My Urea and products derived from Phu My Urea will reach 833.0 thousand tons; Phu My NPK will reach 180.0 thousand tons; and commercial fertilizers will reach 310.0 thousand tons. Chemical production reached 99.5 thousand tons and commercial chemical production reached 29.6 thousand tons.
Operating performance indicators: Return on average equity (ROAE) was 6.1%. Return on total assets (ROA) was 3.9%.
Regarding financial structure, the debt-to-equity ratio was maintained at a relatively safe level of 0.55 times.
The parent company's planned target for 2026 is total revenue of VND15,295 billion. This plan is based on equity of VND10,635 billion, of which the average charter capital is VND6,800 billion. These indicators reflect the company's development strategy and capital optimization for the coming year.
In 2026, Phu My plans for total investment capital of VND1,163.3 billion, allocated to the following main categories: capital construction investment of VND582.6 billion, asset and equipment procurement of VND371.7 billion, and financial investment/capital contribution of VND210.0 billion. The total investment needs will be funded by equity capital; there are no plans for borrowing.
Notably, the dividend payout ratio on charter capital is projected at 12% for 2026.
In 2025, with after-tax profits far exceeding the set plan, DPM was able to pay dividends exceeding the projected 12%.
Phu My has just officially announced the successful production and market launch of its Phu My DAP fertilizer, marking a significant step in its strategy to expand its portfolio of high-quality fertilizers and proactively secure a supply source for Vietnamese agriculture.
N.Nga
Source: VITIC/Tinnhanhchungkhoan