Accumulated loss of nearly 700 billion and facing delisting, the oil giant remains confident in a revenue plan increase of 2,100%, record profit

Nam Song Hau Investment Trading Oil Joint Stock Company (NSH Petro) is about to hold its 2025 Annual General Meeting (AGM), planning a revenue of 2,592 billion VND (an increase of 2,147%) and a record after-tax profit of 328 billion VND. However, ahead of the AGM, over 126 million PSH shares will be delisted due to the company’s failure to disclose information. NSH Petro reported a revenue of 678 billion VND for 2024, down 89% from 2023, leading to a after-tax loss of nearly 790 billion VND and an accumulated loss of 674 billion VND. As of the end of Q1 2025, PSH’s total assets reached 10,595 billion VND, with total liabilities of up to 9,957 billion VND. Currently, PSH shares are priced at 1,770 VND/share.