The Petroleum Drilling Rig Manufacturing Joint Stock Company (PVY) announced its Q4 2025 financial report with net revenue of 269.3 billion VND, down 5.73% compared to Q4 2024. However, gross profit increased to 16.3 billion VND, allowing for a net profit of 1.38 billion VND, reversing a loss of 7.45 billion VND in Q4 2024. This improvement is attributed to reduced administrative costs and effective management of receivables. For the full year 2025, PVY recorded net revenue of approximately 1.29 trillion VND and net profit of nearly 470 million VND, nearly tripling from the meager profit of 177 million VND in 2024. Nevertheless, PVY still carries a significant accumulated loss of over 1.091 trillion VND, with equity still negative at 493 billion VND. On a positive note, operating cash flow for 2025 reached nearly 109 billion VND, a significant increase from 23.4 billion VND the previous year.
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