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Pomina Steel Joint Stock Company (MCK: POM, UPCoM) said its equity was negative as of December 31, 2025, in both its standalone audited financial statements and its audited consolidated financial statements for 2025. The company stated that this means it no longer meets the equity requirement for a public company.
Based on the standalone audited financial statements, Pomina’s equity was negative by VND 590.2 billion. In the audited consolidated financial statements, equity as of December 31, 2025 was negative by VND 630.7 billion.
Under the applicable regulation, a public company must meet conditions including:
Pomina said it no longer satisfies the equity criterion for a public company and may be considered for revocation of its public company status under the relevant circular. The company added that it is actively implementing restructuring to address financial shortcomings and improve equity to meet public company requirements under the law.
Pomina plans to hold its 2026 annual general meeting on June 30, 2026. The AGM will review and approve, among other matters within its authority, measures to address negative equity and gradually restore the company’s public company status in accordance with the law.
In its published AGM materials, Pomina outlined its business plan for 2026–2027, including the following targets:
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