Petroleum Mechanical reports strong half-year 2025 performance, profit jumps 31%

Petroleum Mechanical Joint Stock Company reported reviewed interim consolidated financial statements for the period ended June 30, 2025, revealing a net profit before tax of VND 25,142,432,848, a notable increase from VND 19,183,195,593 in the same period of 2024. Total assets amounted to VND 328,248,075,658. The company's short-term borrowings and finance lease liabilities totaled VND 50,667,057,223, while total liabilities and owners' equity stood at VND 328,248,075,658.

The company's core operations include petroleum trading, construction and installation of brand identity, and the production and repair of tanks. Key transactions with related parties include sales to and purchases from various entities within the Petrolimex Group, totaling VND 37,699,022,819 and VND 235,779,279,589, respectively, for the period ending June 30, 2025.

As of June 30, 2025, the company's tangible fixed assets amounted to VND 50,886,301,869, with intangible fixed assets valued at VND 1,189,212,784. The company's charter capital stands at VND 72,276,620,000, and its shares are listed on HNX. The audit was conducted by CPA VIETNAM Auditing Company Limited, a member of INPACT.