In 2025, the Group delivered a strong business performance with many positive results. Consolidated petroleum product output reached 17.7 million m³, tons, up 12% compared to 2024 and in line with the assigned plan; of which retail sales reached 7.92 million m³, tons, an increase of 7% year-on-year. Consolidated revenue reached 309,875 billion VND, exceeding the plan by 25%; consolidated pre-tax profit reached 3,643 billion VND, surpassing the plan by 14%. The Group continued to be one of the largest contributors to the state budget, with 30,815 billion VND contributed in 2025. The average income of employees throughout the Group reached 20.9 million VND/person/month and remained stable.
In addition to the business operations, 2025 also marked an important milestone in the restructuring of the Group's organizational system toward greater streamlining, efficiency and alignment with our long-term development strategy. The Group completed the reorganization and streamlining of the apparatus in line with Resolution No. 18-NQ/TW of the Party Central Committee, reducing the system from 51 petroleum member units to 34 petroleum member units, while also cutting three functional departments at the Group level. These efforts have enhanced governance capacity, improved management efficiency, optimized resource allocation, and strengthened the overall competitiveness of the system. This represents a significant step in implementing the Party and State's policy on restructuring, innovation, and improving the performance of state-owned enterprises.
In parallel with organizational restructuring, the Group also implemented and launched a new brand identity system for Petrolimex, marking a significant milestone in the Group's brand development strategy. The new brand identity system inherits the core values that have been established over nearly seven decades of development, while also reflecting Petrolimex's aspiration for innovation, modernization, and integration in this new phase of growth. The synchronized implementation of the brand identity across the entire system not only contributes to enhancing the Group's image and reputation but also lays a solid foundation for Petrolimex to further develop as a modern energy enterprise.
Also in 2025, the Group continued to accelerate investment in infrastructure development and modernization of the business system with an investment value of nearly 3,200 billion VND. Key focus areas included upgrading jetty and terminals, expanding the petroleum stations, and advancing the application of technology and digital transformation in corporate governance. At the same time, Petrolimex remained committed to fulfilling our social responsibilities, allocating nearly 240 billion VND to social welfare activities, thereby supporting communities and contributing to local socio-economic development.
The achievements attained in 2025 are a testament to the efforts, unity, and responsibility of all Petrolimex employees. The Board of Directors sincerely acknowledges and highly appreciates the contributions of member units, the continued support of shareholders and partners, and the close guidance and direction of the Party, the State, and relevant regulatory authorities.
Entering a new phase of development, Petrolimex will remain steadfast in our goal of maintaining our role as a key state-owned enterprise in the petroleum sector, while accelerating governance innovation, digital transformation, and the development of a modern distribution system, and progressively deepening the Group's participation in the transition toward green and sustainable energy. The Board of Directors firmly believes that, with nearly 70 years of tradition in building and development, together with a spirit of innovation and a strong aspiration to advance, Petrolimex will continue to uphold our position as Vietnam's leading energy enterprise and contribute meaningfully to the country's development.
On this occasion, on behalf of the Board of Directors of the Group, I would like to express my sincere appreciation for the trust of our valued shareholders and partners; the guidance and support of state regulatory authorities; especially to all Petrolimex employees for their dedication and contributions throughout the past year.
We are confident that, with a solid foundation already in place, along with the spirit of unity and responsibility, the Vietnam National Petroleum Group will continue to develop steadily and sustainably, making increasingly significant contributions to the national economy.
We wish you good health, happiness, and continued success in the year ahead!
Chairman of the BODPham Van Thanh