AsemconnectVietnam - In 2025, Petroleum General Distribution Services Joint Stock Company (Petrosetco Distribution, ticker PSD) recorded after-tax profit of VND143.1 billion, a 73% increase compared to the previous year and exceeding the annual target by 40%.

According to the Q4/2025 financial statement, PSD recorded net revenue of VND2,376.2 billion, a 77.6% increase compared to the same period last year. Cost of goods sold also increased by 81.2%, to VND2,237 billion, resulting in a gross profit of VND139.2 billion, a 34% increase compared to Q4/2024.
In this period, PSD's financial income reached VND50.1 billion, a 121.5% increase compared to the same period. Financial expenses increased by 52.3%, reaching VND29.8 billion, of which interest expenses amounted to VND26 billion, a 90.3% increase compared to Q4/2024.
In addition, the company's selling expenses during the period were VND85.5 billion, a 24.1% increase year-on-year, while administrative expenses decreased by 13.4%, to VND15.8 billion. At the end of Q4/2025, PSD's after-tax profit reached VND46.9 billion, a growth of 167.3%.
For the whole year 2025, the company's net revenue reached VND7,819.4 billion, a 37.2% increase compared to 2024; after-tax profit reached VND143.1 billion, a 73% increase year-on-year.
In 2025, the PSD General Meeting of Shareholders approved a business plan with revenue of VND7,000 billion and after-tax profit of VND102 billion, representing increases of 19% and 24% respectively compared to 2024. Thus, with the results achieved, PSD has exceeded its profit target by 40%.
By the end of 2025, the company's total assets reached VND4,677.3 billion, a 67% increase compared to the beginning of the year. Of this, cash and corporate deposits amounted to VND1,983.5 billion, a 44% increase compared to the beginning of the year. The company invested over VND40 billion in securities, but by the end of the year, it had a provision of nearly VND2.9 billion.
In addition, short-term receivables increased sharply, doubling from the beginning of the year to VND1,485.4 billion, mainly due to customer receivables. Notably, PSD is currently setting aside nearly VND157 billion in provisions for short-term doubtful receivables. Inventory at the end of the year also increased by 83%, reaching VND961.5 billion, mainly consisting of goods and goods in transit.
On the other side of the balance sheet, PSD's total liabilities increased by 79% compared to the beginning of the year, reaching VND 3,960.7 billion. Short-term borrowings alone amounted to VND2,572 billion, a 67% increase from the beginning of the year and accounting for 65% of total assets.
In another development, on February 4th, the company will finalize the registration list for the first extraordinary general meeting of shareholders in 2026 to approve the plan for issuing shares under the employee stock option program and other matters within the authority of the general meeting of shareholders as stipulated in the charter and the law.
N.Nga
Source: VITIC/Tinnhanhchungkhoan