Report

POW – Q3/2025 Business performance saw outstanding improvement

• POW's revenue and net profit – minority interest (NPAT-MI) improved significantly in Q3/2025, up 30% and 104% YoY, respectively.
• POW total output increased by 33% YoY with gas-fired power rose by 12% YoY, coal power increasing by 75% YoY and hydropower increasing by 34% YoY.
• The company's Qc output increased by 38% YoY, led by Vung Ang 1 (+82% YoY) and the gas-fired group also increased by 29% YoY.
• Improved selling prices and reduced fuel prices helped gross profit margin increase by 11.5 pps YoY, reaching 16.4%.
Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Chinh Nguyen

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