In Q1/2026, SCG reported total revenue from sales of 102.6 trillion VND (3.9 billion USD) and profit for the period of 5.2 trillion VND (197 million USD). During the quarter, the Group achieved an Adjusted Cash EBITDA of 12.4 trillion VND (472 million USD), a robust increase of 17% YoY. To achieve this, the Group focused on diversifying feedstock and energy sources from non-Middle East suppliers, managing costs, and improving operating efficiency to maintain a reliable supply and continue serving customers.
Mr. Thammasak Sethaudom, Chief Executive Officer of SCG, stated: "In Q1/2026, SCG’s early and proactive strategic decisions have enabled us to 'absorb the impact of volatility' and effectively manage the situation despite tensions in the Middle East. Under our 'short-term strategy', we are managing risks comprehensively by establishing a 'Daily War Room' to monitor raw material and energy costs daily, while ensuring continuous support for our customers across the supply chain.
For our 'two-year strategy' (2026–2027) in Vietnam, we are strengthening long-term competitiveness by leveraging Regional Optimization and advancing the LSP’s Ethane enhancement project in Vietnam, which has progressed 50% as planned. While our Long Son Petrochemicals (LSP) complex faced temporary feedstock constraints, we utilized this period to carry out planned maintenance and accelerate the ethane enhancement project. Once operational by the end of 2027, this project will enhance flexibility in feedstock utilization and is expected to deliver substantial cost savings, ensuring long-term strength for our businesses and the industry".
Vietnam Highlights: Strong Investment Confidence & Strategic Agility
In Vietnam, SCG recorded Q1/2026 revenue of 15.8 trillion VND (597 million USD)*, representing a 99% y-o-y increase mainly driven by LSP’s resumed operation. Beyond the numbers, SCG continued to support Foreign Direct Investment (FDI) and industrial development in Vietnam.
A major highlight of the quarter was a high-level Investor Relations (IR) trip, hosting a delegation of prominent Thai institutional fund managers. The delegation toured SCG’s operations and visited the LSP complex in Vietnam—a flagship facility with a designed capacity of 1.35 million tons of olefins and 1.4 million tons of polyolefins per year.
The visiting funds left with a strong, positive impression of Vietnam's rapid infrastructure modernization, robust domestic consumption, and clear regulatory reforms. By serving as a strategic bridge for investment, SCG is reinforcing international confidence in Vietnam’s long-term growth potential.
Supporting Vietnam’s Green Transition
SCG is investing in low-carbon manufacturing to support Vietnam’s Net Zero 2050:
Song Gianh Cement marked its 20th anniversary by committing to reduce CO2 emissions by 23% by 2030, backed by a 3.5 million USD investment in an Autotruck automation system to drastically improve efficiency and lower emissions.
SCG also launched the “On Green, On Goal” video campaign, using professional golf as a platform to promote discussion on practical low-emission approaches among business and policy stakeholders.
Beyond influencing business and industry leaders, SCG is deeply committed to inspiring the next generation, in collaboration with The Students' Cultural House of HCMC. During the quarter, SCG engaged more than 10,000 young people through hands-on activities that promote environmental awareness and encourage sustainable lifestyles.
Alongside its business activities, SCG continued to invest in people and community development in Vietnam. SCG continued its “Spring Zero Dong” program, providing essential goods to underserved communities during periods of economic hardship and major holidays.
