BSR's revenue reached nearly 32 trillion VND in Q1/2025.

Binh Son Refining and Petrochemical Joint Stock Company (stock code: BSR ) has just announced its Q1/2025 financial report, recording net revenue of VND 31,863 trillion, a slight increase compared to VND 30,696 trillion in the same period last year.

Although after-tax profit reached VND 395 billion, a decrease compared to Q1/2024, this result is still a positive sign in the context of the global energy market being affected by the dual impact of geopolitical instability and production adjustments by OPEC+ countries.

While the cost of goods sold increased, causing gross profit to fall to VND 374 billion, BSR still maintained net profit from business operations at VND 456 billion, thanks to flexible control of financial costs and efficient operations. Specifically, the company's financial costs decreased sharply by nearly 45% compared to the same period last year, down to VND 102.8 billion, demonstrating efforts to optimize capital structure and effectively utilize financing sources.

BSR focuses on and promotes the export of its products by both road and sea.

Notably, BSR still holds cash and cash equivalents at the end of the period at VND 25,644 trillion, ensuring liquidity and resilience against market shocks.

Forecasts for 2025 indicate that the global oil and gas market will continue to experience many unpredictable fluctuations, from oil and commodity prices and exchange rates to policy factors related to emissions, carbon credits, and technological innovation requirements. In this context, BSR aims for 2025 to be a pivotal year for "breakthroughs in investment and science and technology," coupled with a strategy of "innovation and digital transformation to elevate BSR."

According to its new development orientation, BSR focuses on three strategic pillars: diversifying input materials to maintain high production capacity; expanding market share and consumption markets; and improving management capacity.

In terms of raw materials, the company not only optimizes traditional crude oil sources but also actively researches and expands the use of intermediate components and materials such as VGO, Condensate, LCO, T-DAO, Naphtha, Aromatic, Reformat, Residue, etc., in order to increase flexibility in processing and more effectively meet market demands.

From a market perspective, BSR is promoting the development of a diversified product supply chain, leveraging existing competitive advantages, and strengthening cooperation within the industry to consolidate its position in the petrochemical refining value chain.

Notably, risk management has been identified as a strategic priority in an increasingly complex market. BSR is continuously improving its risk management regulations and procedures, from early risk identification to assessment and implementation of effective control solutions, and digitizing risk management. The goal is to both protect the safety of business operations and ensure the stable and effective implementation of plans and targets for 2025.

With a solid financial foundation, proactive management capabilities, and a well-structured development strategy, BSR is demonstrating its readiness to enter a new phase of development, with high expectations and breakthrough potential in 2025 and beyond.

Source: https://baoquangngai.vn/kinh-te/202504/bsr-doanh-thu-gan-32-nghin-ty-dong-trong-quy-i2025-de10761/