External broker reports(aggregated public sources), Rong Viet Securities

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External broker reports(aggregated public sources)

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Equity Bottom-Up

Petrovietnam Ca Mau Fertilizer / Equity Bottom-Up

<ul><li>Q2-FY25 Net Revenue showed robust YoY growth of 56%, reaching VND 6,252 billion, driven by strong performance across all business segments.</li><li>Revenue from the Ure, NPK, Trading, and others recorded growth rates of 33%, 52%, 142%, and 35% respectively, due to a sharper increase in production volume than in selling prices.</li><li>Q2-FY25 gross profit margin improved strongly, reaching 20.5% compared to 16.1% in Q2- FY24, largely driven by the strong performance of the Ure and NPK segments, while the Trading segment showed little fluctuation.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Q2-FY25 Net Revenue showed robust YoY growth of 56%, reaching VND 6,252 billion, driven by strong performance across all business segments.Revenue from the Ure, NPK, Trading, and others recorded growth rates of 33%, 52%, 142%, and 35% respectively, due to a sharper increase in production volume than in selling prices.Q2-FY25 gross profit margin improved strongly, reaching 20.5% compared to 16.1% in Q2- FY24, largely driven by the strong performance of the Ure and NPK segments, while the Trading segment showed little fluctuation.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DCM - Strong Growth Driven by Sales Pricing