Viet Dragon Securities - DGC Q2/2025 Business Results Update – Revenue remains positive, reaching the highest level since Q4/2022

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Viet Dragon Securities

Duong Tran

DGC Q2/2025 Business Results Update – Revenue remains positive, reaching the highest level since Q4/2022

DGC's Q2 business results remain positive compared to the previous quarter, with revenue from TPA, fertilizers and some new products (Alcohol, NPK...) growing well and offsetting the slight decline in yellow phosphorus.
The new projects are expected to enhance the Company's future results, as they continue to make steady progress.
Q2/2025 Business Results: Revenue of Yellow Phosphorus decreased slightly while TPA and Fertilizer grew well
In Q2/2025, DGC recorded revenue of VND 2,894 billion (+15% YoY, +3% QoQ) with the consumption volume of each specific product segment as shown in Table 1. In which, the main revenue and output still come from Yellow Phosphorus and related products (TPA); in addition, the business also recorded positive business results from the fertilizer segment (DAP, MAP...). Inline with the additional revenue from the new product segments (NPK fertilizer, alcohol), DGC's revenue reached the highest level since the record period in 2022.

05/08/2025 5 EN

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Duong Tran

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DGC Q2/2025 Business Results Update – Revenue remains positive, reaching the highest level since Q4/2022

CAUTIOUS PRICE ACTION

ACV – Core business operations improved but profit declined due to FX impact

CONTENTION

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