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Ninh Binh Phosphate Fertilizer Joint Stock Company (NIFERCO, HNX: NFC) has announced its 2026 business targets, aiming for revenue of VND 1,423 billion and pre-tax profit of VND 180 billion. If achieved, this will mark the fifth consecutive year the company has posted growth in both revenue and profit.

NIFERCO recently released documents for its 2026 Annual General Meeting of Shareholders, scheduled for the morning of April 15 at the company’s headquarters in Nam Hoa Lu Ward, Ninh Binh Province.

The company’s targets for this year represent a 15% increase in revenue and a slight 0.04% rise in pre-tax profit compared to its 2025 results. If completed, this will be the fifth straight year NIFERCO sets new records in both revenue and profit. Additionally, the company plans to pay an interim dividend of at least 40% of its charter capital.

To achieve these goals, NIFERCO will focus on cost reduction, applying technical solutions and innovations in production to lower product costs, while maintaining stable and continuous operation of 2–3 blast furnaces.

In terms of market operations, NIFERCO plans to review and restructure its distribution system, expand its agent network in untapped areas, and continue to develop flexible sales policies to grow new markets while maintaining its traditional customer base. The company also aims to seek export partners, broaden its market reach, and participate in trade promotion programs to boost NPK fertilizer exports.

NIFERCO’s Business Results from 2015 to Present

In 2025, NIFERCO reported revenue of VND 1,240 billion and pre-tax profit of VND 173 billion, increases of 35% and 2.8 times, respectively, compared to the same period in 2024.

In its report to shareholders, the company’s Board of Directors noted that last year, the fertilizer market faced increased competition as new manufacturers entered the market. Additionally, complex weather patterns with prolonged floods in many areas and fluctuations in input material prices, especially apatite ore, posed challenges for production and sales activities.

However, the company stated that rising prices of agricultural and industrial crops boosted fertilizer demand, while fertilizer imports decreased compared to previous years.

Based on its results, the company has proposed a 2025 cash dividend of 50%, equivalent to approximately VND 78.6 billion, to be paid after approval by the General Meeting of Shareholders.

On the stock market, NFC shares have recently fluctuated between VND 60,000 and VND 66,000 per share after a strong increase to over VND 70,000 per share at the end of January 2026. At the close on April 7, NFC stood at the reference price of VND 65,000 per share, corresponding to a market capitalization of VND 1,022 billion.