VIENTIANE: The Lao Holding State Enterprise (LHSE) reported strong financial and operational performance in 2025, posting US$64.92 million in revenue and US$41.7 million in profit, while also approving its 2026 plan of work at an annual review meeting held on Wednesday (April 1).
LHSE is a business entity of the Lao government for investment in electric power sector
The meeting took place in Vientiane and was chaired by Minister of Industry and Commerce Malaythong Kommasith.
Participants included LHSE’s Board of Directors, representatives from relevant ministries, state enterprises in the banking sector, and company staff.
LHSE Director Khamla Vichitvongsa presented the 2025 performance report, highlighting the enterprise’s continued financial stability and efficiency.
He noted that LHSE has consistently maintained profitability and operational success over the years, with 2025 marking another strong period of growth.
In addition to its earnings, LHSE demonstrated sound financial management by repaying US$51.82 million in principal and interest to the Ministry of Finance under sub-loan agreements.
The enterprise also paid US$6.4 million in taxes and repaid loans in full to banks in Laos in keeping with contractual terms.
In recognition of its consistent contributions to state revenue from 2020-2024, LHSE was awarded a Certificate of Commendation by the Ministry of Finance.
Meanwhile, LHSE’s investments in major energy projects continued to yield significant returns. Four key projects—the Nam Theun 2 hydropower plant, the Hongsa thermal power plant, the Xe-Pian Xe-Namnoy hydropower plant, and the Nam Ngiep 1 hydropower plant—remained on track and performed in line with expectations.
Together, these power plants generated 21,852.84 million kilowatt-hours (kWh) of electricity in 2025, with the value of electricity sales reaching US$1.299 billion.
They also contributed US$116.53 million to government coffers, including US$45.98 million in royalties, US$54.09 million in profit tax, and US$16.45 million in mineral fees.
The meeting concluded with the approval of LHSE’s 2026 strategic plan, reaffirming the enterprise’s commitment to profitability, stronger financial governance and maximising returns from its energy sector investments. - Vientiane Times/ANN
