Binh Son Refining and Petrochemical Joint Stock Company (HoSE: BSR) announced that the State Securities Commission has approved its share issuance plan for dividend payments and capital increase from equity.
According to the plan ratified by the Shareholders’ Meeting, BSR will issue 1,906,807,263 bonus shares at a ratio of 61.5% (meaning shareholders holding 100 shares will receive an additional 61.5 bonus shares). Post-issuance, BSR’s chartered capital will surge by over VND 19 trillion, reaching a total of VND 50 trillion, positioning the company among HoSE’s largest capitalized firms.
The capital increase will be executed through bonus share issuance and stock dividends, utilizing funds from the Development Investment Fund and undistributed after-tax profits.
Dung Quat Oil Refinery
This substantial bonus share distribution aims to strengthen equity, secure resources for the Dung Quat Refinery Expansion Project, and deliver long-term value to shareholders.
The project targets increasing refinery capacity to 171,000 barrels per day, diversifying feedstock sources, ensuring stable long-term supply, optimizing production costs, and enhancing competitiveness.
Additionally, the project will upgrade product quality to Euro V standards, meeting stringent market demands, fostering sustainable development in Vietnam’s refining industry, and bolstering national energy security.
BSR operates Vietnam’s first oil refinery, Dung Quat. In the first nine months of 2025, the company exceeded all targets. The refinery operated at an average capacity of 118%, producing 5.87 million tons—117% of the business plan and 108% of the management plan.
Specifically, nine-month revenue surpassed VND 105 trillion, with tax contributions of VND 10.7 trillion and post-tax profit exceeding VND 2 trillion (2.74 times the nine-month target).
Refining margins (crack spreads) remained robust, particularly for Jet-A1 and DO 0.05S. Strong sales volumes sustained BSR’s record-high operational efficiency. Core units like RFCC, CCR, NHT, ISOM, and PP operated continuously at peak capacity, meeting technical and quality benchmarks.
Internationally, BSR expanded trade partnerships, signing long-term export agreements with Southeast Asian partners, notably increasing supply to Laos, Cambodia, Myanmar, Indonesia, and emerging East Asian markets.
Expanding international trade not only diversifies revenue streams but also mitigates domestic market dependency, enhancing adaptability amid volatile global oil prices and demand.
