Specifically, in 2025, TMP targets revenue of over VND 703 billion, an 8% decrease compared to the same period last year; and estimated profit after tax of VND 290 billion, a retreat of over 18%. In terms of output targets, the company plans to generate 732 million kWh of electricity, 11% lower than the previous year, with 663 million kWh coming from hydropower. The planned volume of commercial electricity sales is 727 million kWh, with hydropower accounting for 658 million kWh.
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Business plan of TMP (in VND billion)
Source: VietstockFinance
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TMP’s plan is relatively cautious, given the generally positive forecasts. The company predicts that El Nino is currently in a neutral state, with temperature anomalies close to the long-term average in the first week of March 2025. There is a 70-80% chance of neutral El Nino conditions continuing into the second quarter.
Meanwhile, widespread hot weather is likely to occur in the Central Highlands and Southern regions from April 2025, later than usual, with fewer hot days compared to the previous year. In the Northwest region and the mountainous areas of the North-Central Central region, the intensity of hot weather is expected to be less severe compared to the same period last year; from May 2025 onwards, hot weather conditions are likely to increase across the Northern and Central regions.
The forecast for typhoons and tropical depressions in the South China Sea for the second quarter is average. Rainfall in April and May 2025 is expected to be higher than average, while June’s rainfall is forecast to be similar to the same period last year.
In terms of investment activities, TMP plans to implement the following key projects: completing investment procedures for a new office in Ho Chi Minh City; the Thac Mo Solar Power Plant Phase 2 project with a capacity of 100 MWp; closely monitoring the procedures to take over the Thac Mo Expanded Hydropower Plant when authorized by the competent authorities; and actively seeking other potential power projects for investment.
The total planned investment capital for 2025 is over VND 148 billion, which is expected to be funded by the company’s own capital. Additionally, the company also plans to spend nearly VND 29 billion on asset purchases, VND 15.7 billion on scientific and technological applications, and digital transformation.
The TMP’s Annual General Meeting of Shareholders for 2025 is expected to be held in the afternoon of June 27, at the Tan Son Nhat Hotel, 202 Hoang Van Thu, Ward 9, Phu Nhuan District, Ho Chi Minh City.
– 11:28 09/06/2025
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