State-owned tycoon collaborates with Vingroup to develop electric vehicle charging station system, reporting Q3 2025 profit exceeding 1,000 billion, the highest in 4 years

PV Power (code: POW) announced its Q3 2025 financial report with a revenue of 7,855 billion VND, up 30% year-on-year, and a pre-tax profit of 1,012 billion VND, an increase of 86%. After-tax profit reached 948 billion VND, the highest since Q4 2020. In the first nine months, total revenue reached 25,404 billion VND, a 17% increase, and pre-tax profit of 2,332 billion VND, an 84% increase. Fixed asset total reached 85,771 billion VND, total liabilities were 49,296 billion VND, and equity was 36,475 billion VND. The company plans to increase its charter capital to 30,678 billion VND through rights issuance, bonus shares, and dividends. PV Power also signed a cooperation agreement with Vingroup to develop 1,000 electric vehicle charging stations as part of a strategy to promote clean energy use in Vietnam.