POW – Business results Q4/2025 and the whole year 2025: Far exceeding guidance
• PV Power's electricity genrated volume (Qm) increased by 49% YoY, mainly led by the Nhon Trach 3&4 plant coming into operation.• POW's revenue was flat (+1% YoY) because Nhon Trach 3&4 plant has not recorded revenue in 4Q/2025. Net profit after tax – minority interest (NPAT-Mi) increased by 956% YoY.
• The company's gross profit margin improved by 5.2 percentage points YoY (reaching 12%) thanks to (1) a 25% YoY increase in contracted production (Qc) and (2) a continued decline in fuel prices.
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