AsemconnectVietnam - Vietnam Petroleum Technical Services Corporation (PTSC, stock code PVS) has just announced the documents for its 2026 Annual General Meeting of Shareholders, scheduled to take place on June 18th in Ho Chi Minh City.

According to the documents, in 2026, PVS aims for consolidated revenue of VND33,000 billion, pre-tax profit of VND1,270 billion, and after- tax profit of VND990 billion. This is a cautious plan, compared to the results achieved in 2025.
The Board of Directors also plans to propose a dividend distribution for 2025 at a rate of 20% in shares. The number of shares expected to be issued is 102,284,019 shares.
The funding for this project will be sourced from undistributed after-tax profits on the audited separate financial statements for 2025. Implementation is expected to begin in 2026 after completion of approval procedures with the State Securities Commission.
Following the issuance of dividend shares, the company's charter capital will increase from VND5,114.2 billion to over VND6,137 billion.
The company stated that the capital increase is a necessary step in the context of the oil and gas industry entering a new growth cycle and the offshore renewable energy sector continuing to expand strongly in Asia, giving PTSC a significant opportunity for breakthroughs.
In the Annual Report, PTSC Chairman Phan Thanh Tung affirmed that 2026 marks the beginning of the development strategy for the 2026-2030 period, with a vision to 2050. The global economy is projected to continue facing uneven recovery, dominated by trade protectionist policies, tariffs, and fierce competition in science and technology. The oil and gas market outlook shows moderate demand growth, while supply is expected to increase faster. The market may continue to be caught between opportunities and challenges regarding profit margins, project timelines, and investment discipline.
Regarding energy transition, offshore wind power remains one of the long-term pillars of clean energy, but the industry is facing headwinds concerning capital costs, bidding mechanism design, supply chain risks, and policy stability. In Vietnam, the Power Development Plan VIII and projects such as power plants, industrial works, and mega oil and gas projects like Block B-O Mon, Lac Da Vang, and Su Tu Trang are being actively implemented, creating significant growth potential for high-quality technical services.
According to the audited consolidated financial report for 2025, the corporation's net revenue reached VND33,790 billion, achieving 150% of the plan and increasing by 35% compared to 2024. This is a new record in the history of PTSC's formation and development.
Consolidated pre-tax profit reached VND2,204.5 billion, achieving 220% of the set plan and increasing by 42% compared to 2024. Consolidated after-tax profit reached nearly VND1,921 billion, achieving 246.3% of the annual plan and increasing by 53% compared to 2024.
On the stock market, at the close of trading on May 29, PVS shares increased by 0.78%, reaching a market price of VND 39,000/share.
N.Nga
Source: VITIC/ Dau tu Chung khoan