AsemconnectVietnam - PVFCCo - Phu My (stock code DPM) has recorded outstanding business results in the first 6 months of 2026, creating a solid foundation to exceed the full-year plan.

Thanks to successful overall maintenance, maintaining stable production operations at high capacity, taking advantage of market opportunities, and flexible management, PetroVietnam Fertilizer and Chemicals Corporation - JSC (PVFCCo - Phu My, stock code DPM) has recorded outstanding business results in the first six months of 2026, creating a solid foundation to exceed the full-year plan.
Stable Production, Breakthrough Business, Financial Indicators Estimated to Exceed Plan
Despite strong fluctuations in the global fertilizer market in the first few months and high input costs, especially gas prices and exchange rates, PVFCCo - Phu My still recorded positive production and business results in the first six months of 2026.
The total production of fertilizers and chemicals by PVFCCo - Phu My is estimated at approximately 551.5 thousand tons. Of which, the equivalent production of Phu My Urea is estimated at 434.3 thousand tons, achieving 106% of the 6-month plan; Phu My NPK is estimated at 111.2 thousand tons, achieving 126% of the plan; and UFC85 is estimated at 6 thousand tons, achieving 130% of the plan.
In terms of business operations, the total output of fertilizers and chemicals is estimated at approximately 972.3 thousand tons, of which the total output of fertilizers is estimated at 906.6 thousand tons, achieving 132% of the 6-month plan. Specifically, the Phu My Urea group and products derived from Phu My Urea are estimated at 437.2 thousand tons, achieving the 6-month plan; other commercial fertilizers are estimated at 325.2 thousand tons, exceeding the 6-month plan by 112% and achieving 105% of the annual plan.
A highlight in the first half of the year's business performance was Phu My NPK fertilizer, with estimated sales reaching 144.2 thousand tons, exceeding the 6-month plan by 45%, equivalent to approximately 80% of the annual plan, and nearly matching the performance for the entire year of 2025. This product line continues to affirm its role as a crucial growth driver, estimated to contribute over VND1,800 billion to the Corporation's revenue in the first six months of the year. In addition, the chemical segment also maintained positive growth momentum with total sales estimated at 65.7 thousand tons, exceeding the 6-month plan by 5%; chemical production alone is estimated at 51.1 thousand tons, exceeding the plan by 7%.
Corresponding to the production and business results, PVFCCo - Phu My's revenue and profit targets are estimated to have significantly exceeded the 6-month plan and shown positive growth compared to the same period last year. Simultaneously, it has surpassed all 5/5 management plan targets and growth targets assigned by the Vietnam National Energy and Industry Corporation.
Notably, this achievement was made despite an average gas price increase of approximately 16% compared to the plan during the 6 months, resulting in a substantial increase in input costs. Alongside effectively leveraging market opportunities, PVFCCo - Phu My continued to implement comprehensive cost-saving solutions, optimize operations, apply science and technology, and improve technical processes. The total value of savings and reductions in the first 6 months is estimated at approximately VND90 billion, mainly from fuel and energy savings and improvement initiatives.
It can be said that the positive results in the first half of the year are the fruit of thorough preparation following the comprehensive maintenance of the Phu My Fertilizer Plant, the ability to maintain safe and stable operation at high capacity, and proactively monitoring market developments, effectively taking advantage of opportunities in selling prices and consumption demand, thereby creating a favorable foundation for the Corporation to continue striving to exceed the production and business targets for 2026.
A solid foundation for growth for the whole year and the next period
In the last six months of the year, the Corporation will continue to focus resources on operating the Phu My Fertilizer Plant and production workshops safely and stably at high capacity; promoting the application of technology, optimizing operations to control risks, reduce costs, improve product quality and production efficiency. At the same time, PVFCCo – Phu My will closely monitor market developments, managing goods according to the principle of being in the right season, in the right area, and meeting the right demand; Strengthening analysis and forecasting to proactively adapt to fluctuations in the international market and effectively exploit business opportunities.
Parallel to maintaining the growth momentum of core areas, the Corporation continues to promote key investment projects to expand growth space, especially in the chemical sector and high value-added products such as the Hydrogen Peroxide (H₂O₂) production plant, the off-gas recovery project, the Agricultural Technology Innovation Center project... along with many projects serving to expand the production and business value chain. This direction is consistent with PVFCCo - Phu My's development strategy in the new phase, both continuing to consolidate its leading position in the fertilizer sector and gradually increasing the contribution of the chemical segment, creating a foundation for sustainable long-term growth.
The results for the first six months of 2026 not only reflect the collective efforts of the workforce in production, business operations, and volatility management, but also affirm PVFCCo – Phu My's operational capacity and adaptability to market fluctuations. With the foundation already built and the comprehensive solutions being implemented, the Corporation is confident in exceeding its 2026 production and business targets, further solidifying its position as a leading enterprise in the fertilizer and chemical sector in Vietnam.
N.Nga
Source: VITIC/Bao Tai chinh – Dau tu