BSR held annual general meeting on April 13, 2026, with the following main agenda items:
2026 Business Plan:
BSR estimates impressive growth in Q1 2026 business results, mainly due to favorable crack spreads stemming from geopolitical tensions in the Middle East. Specifically, in Q1 2026, the plant achieved a production volume of 2.03 million tons, estimated to record revenue of VND 41,278 billion (+29.4% yoy) and net profit of VND 3,347 billion (an 8.4-fold increase compared to the same period).
2026 plan: The company aims for total revenue of over VND 154,140 billion (+9.2% yoy) and net profit of VND 2,162 billion (-58.5% yoy). BSR strives to operate the plant at 126% of its designed capacity, aiming for a production output of nearly 7.8 million tons of various products.
Crude Oil Supply:
The company has proactively developed contingency plans for a conflict scenario lasting up to 3 months, and is continuing to refine the scenario for a 6-month period. The company has prepared sufficient crude oil to ensure the plant operates stably at 126% efficiency until July 2026, through additional agreements with partners from the US and West Africa.
