EVN's parent company still has accumulated losses of 5.611 billion VND
According to Vietnam Electricity Group (EVN), the separate financial statements of the Parent Company - EVN in 2025 have been audited, the after-tax profit of the Parent Company - EVN in 2025 reached 39,762 billion VND, the accumulated loss by the end of 2025 of the Parent Company EVN is still 5,611 billion VND.
EVN said that in document No. 2697/EVN-TTVHDN+TCKT dated May 14, 2026, reporting to the Ministry of Industry and Trade information about the accumulated losses by the end of 2025 of EVN's parent company as above.
According to EVN's consolidated financial statements, the consolidated after-tax profit target for the entire Group is 51.881 billion VND, of which the parent company's share is 50.511 billion VND. This target includes the profit of the parent company - EVN and the profit of the parent company - EVN at subsidiaries (MTVs and joint-stock companies that EVN controls) corresponding to EVN's ownership ratio in these subsidiaries and affiliated companies.
Therefore, this figure is different from the figure presented in the separate financial statements of the parent company - EVN. EVN also emphasized that indicator 61 in the consolidated financial statements does not consider the provision of funds in subsidiaries, the distribution/retention plan of profits according to the decision of the general meeting of shareholders.
EVN believes that the assessment of production and business results needs to clearly state that it is implemented according to the data in the report of the parent company - EVN or in the consolidated report of the entire Group. According to the audited financial statements, the contents on production and business results are as follows:
The after-tax profit of the parent company - EVN in 2025 reached 39. 762 billion VND, by the end of 2025 the accumulated loss of the parent company EVN is still 5.611 billion VND;
Consolidated after-tax profit in 2025 reached 51,881 billion VND, no longer accumulated consolidated losses.
EVN explains the deposit of 152.443 billion VND
Information on the total consolidated bank deposits at the end of 2025 (including cash, cash equivalents, short-term financial investments of 152 trillion VND), EVN said that this is a summary of all financial statements of EVN's member units, including power generation, electricity transmission, electricity distribution and auxiliary services units.
According to EVN, compared to the short-term debt balance at the same time of more than 227. 000 billion VND, the deposit amount of 152. 443 billion VND still cannot meet the immediate repayment of debts to fuel suppliers (coal, oil, gas) and the payment of electricity purchases from power plants outside EVN (totaling more than 118. 000 billion VND); and still has to repay loans due (more than 47. 000 billion VND).
This shows that the capital demand for investment and production and business of EVN and its member units is very large. Therefore, the balance of deposits needs to be considered comprehensively along with the debt payable of EVN and its member units.
EVN said that maintaining the deposit balance is necessary for EVN and units to have resources to serve production and business activities, ensuring the completion of assigned tasks.
Power generation units need to have large cash balances to open credit letters to pay domestic or imported fuel suppliers. For the parent company EVN, it is necessary to ensure monthly payments to outside investors selling electricity to EVN.
Especially in the recent period, input fuel prices have been unpredictable and at many times increased sharply (for example, at present, the prices of input fuels for power generation such as coal and oil and gas are increasing very strongly). To ensure that it does not affect electricity supply security, EVN and power generation units must have a balanced cash flow and appropriate reserves.
The outstanding loan balance of EVN and its units is very large. The outstanding short-term loan balance alone has reached 47,000 billion VND, requiring EVN to ensure its ability to be ready to repay loans and ensure creditworthiness.
To ensure long-term electricity supply, currently, the construction investment demand of EVN and units is very large, including many urgent and key power source and grid projects, requiring particularly large investment capital. Therefore, EVN and units must ensure sufficient capital supply according to the plan, have capital reserves in case of slow disbursement from credit capital to ensure the project progress assigned," EVN said.
