BSR revenue of nearly 32 trillion VND in the first quarter of 2025

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

Although after-tax profit reached VND395 billion, down from the first quarter of 2024, this result is still a positive signal in the context of the global energy market being doubly affected by geopolitical instability and production adjustments by OPEC+ countries.

While the increase in cost of goods sold caused gross profit to decrease to VND374 billion, BSR still maintained net profit from business activities at VND456 billion, thanks to flexible control of financial costs and effective operation. Specifically, the company's financial costs decreased sharply by nearly 45% compared to the same period, down to VND102.8 billion, showing efforts in optimizing capital structure and effectively using funding sources.

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

In particular, BSR still owns cash and cash equivalents at the end of the period at VND 25,644 trillion, ensuring liquidity and resilience to market shocks.

It is forecasted that in 2025, the world oil and gas market will continue to experience many unpredictable fluctuations, from fluctuations in oil prices, commodities, exchange rates to policy factors related to emissions, carbon credits, and technological innovation requirements. In that context, BSR aims for 2025 to be a pivotal year for “breakthroughs in investment and science and technology activities”, coupled with the strategy of “innovation and digital transformation to elevate BSR”.

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

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

On the market front, BSR promotes the development of a diversified product supply chain, exploits existing competitive advantages and strengthens cooperation within the industry to consolidate its position in the petrochemical industry value chain.

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

With a solid financial foundation, proactive management capacity and methodical development strategy, BSR is showing its readiness to enter a new development phase, with many expectations and potential for breakthroughs in 2025 and the following years.

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