AsemconnectVietnam - PVT Logistics Joint Stock Company (PVT Logistics, ticker PDV - HOSE) recorded a profit of VND40.98 billion in the fourth quarter, bringing the cumulative profit for 2025 to VND89.57 billion, achieving 100.9% of the annual plan.

In the fourth quarter of 2025, PVT Logistics recorded revenue of VND529.3 billion, a 56.9% increase compared to the same period; after-tax profit reached VND40.98 billion, more than 33 times higher than the same period, equivalent to an increase of VND39.78 billion. The gross profit margin improved from 6.8% to 14.2%.
During the period, thanks to increased revenue and improved gross profit margins, PVT Logistics recorded a 227.8% increase in gross profit compared to the same period last year, equivalent to an increase of VND52.08 billion, reaching VND74.94 billion.
In addition, financial expenses decreased by 24.9%, equivalent to a decrease of VND5.71 billion, to VND17.25 billion; selling and administrative expenses increased by 20.1%, equivalent to an increase of VND3.29 billion, to VND19.65 billion; other income increased by 43.5%, equivalent to an increase of VND2.47 billion, to VND8.15 billion; and other activities showed negligible fluctuations.
Explaining the sharp increase in profit in the fourth quarter, PVT Logistics stated that in Q4/2024, one vessel was docked for scheduled maintenance, resulting in a 35-day suspension of operations. The exchange rate also increased by over 3%, raising financial costs. In Q4/2025, PVT Logistics will operate full-time, adding another vessel, the PVT Emerald, invested in from Q3/2025. Furthermore, the exchange rate decreased by over 0.5% compared to the same period, leading to a significantly higher profit increase compared to the previous year.
For the full year 2025, PVT Logistics recorded a 42.2% increase in revenue compared to the same period, reaching VND1,937.57 billion; net profit reached VND89.57 billion.
In 2025, PVT Logistics plans for total revenue of VND1,700 billion and projected pre-tax profit of VND110 billion. Thus, ending 2025 with a pre-tax profit of VND111 billion, PVT Logistics has completed 100.9% of its annual plan.
In addition, regarding cash flow, in 2025, PVT Logistics' main operating cash flow recorded a positive VND460.9 billion compared to a positive VND160.2 billion in the same period.
According to data on SSI Securities' iBoard, from 2011 to 2024, PVT Logistics' main operating cash flow recorded a record positive value of VND160.2 billion in 2024.
In terms of asset size, as of December 31, 2025, PVT Logistics' total assets increased by 3.2% compared to the beginning of the year, equivalent to an increase of VND69.3 billion, reaching VND2,234 billion. Of the total assets, the main assets recorded were VND1,512.8 billion in fixed assets, accounting for 67.7% of total assets; VND268.1 billion in cash and short-term financial investments, accounting for 12% of total assets; VND168.1 billion in short-term receivables, accounting for 7.5% of total assets; and other items.
Notably, during the year, the fixed asset item increased by 9% compared to the beginning of the year, corresponding to an increase of VND124.6 billion, reaching VND1,512.8 billion.
In particular, on August 4, 2025, PVT Logistics successfully received the new investment vessel PVT Emerald (formerly Sea Dolphin C), a Handysize bulk carrier with a deadweight tonnage of 33,802 DWT, built in December 2011 in South Korea.
The acquisition of the PVT Emerald vessel brings the total number of PVT Logistics vessels to 10, with a total fleet deadweight tonnage exceeding 340,000 DWT, a 66% increase compared to the beginning of 2024. Immediately after acquisition, the PVT Emerald was put into operation to fulfill a contract to transport iron from the UK to Türkiye.
N.Nga
Source: VITIC/Tinnhanhchungkhoan