Binh Minh Plastics (BMP) Announces 83.6% Cash Dividend for 2025

Overview

Binh Minh Plastics (BMP) announced a cash dividend of 83.6% for the remaining 2025 profit, with the record date on May 20, 2026 and payment on June 10, 2026. The total payout is approximately VND 684.4 billion, benefiting major shareholder Nawaplastic Industries (Thailand). The company also reported Q1/2026 net profit of VND 304 billion, up 6% year-on-year.

Key Facts

• Dividend rate: 83.6% (VND 8,360 per share) for remaining 2025 profit.
• Record date: May 20, 2026; payment date: June 10, 2026.
• Total payout: approximately VND 684.4 billion based on 81.86 million outstanding shares.
• Major shareholder Nawaplastic Industries (Thailand) owns over 45 million shares, receiving about VND 376.3 billion.
• Q1/2026 net profit: VND 304 billion, up 6% year-on-year.
• Q1/2026 revenue: VND 1,457.3 billion, up 5.4% YoY.
• Full-year 2026 net profit target: VND 1,278 billion; Q1 achieved 23.8%.

What Happened

Binh Minh Plastics (BMP) announced a Board Resolution to pay the remaining 2025 cash dividend at a rate of 83.6%, equivalent to VND 8,360 per share. The record date is May 20, 2026, with payment scheduled for June 10, 2026. The total cash outlay is estimated at VND 684.4 billion.

In Q1/2026, BMP reported net revenue of VND 1,457.3 billion (+5.4% YoY) and net profit of VND 304 billion (+6% YoY). The company’s total assets rose 19.2% from the start of the year to VND 3,815.5 billion, with short-term financial investments accounting for 40.6% of total assets. Total liabilities increased 26.5% to VND 634.1 billion.

Market Context

BMP shares closed at VND 133 on April 10, 2026, up 1.99% with volume of 145,200 shares on HOSE. The stock has been supported by strong dividend yields and consistent profitability. The plastics sector in Vietnam has benefited from stable demand and input cost management. BMP’s high dividend payout ratio reflects its strong cash position and shareholder return policy.

Strategic Significance

The 83.6% cash dividend underscores BMP’s robust cash generation and commitment to shareholder returns. With over VND 1.5 trillion in short-term financial investments, the company maintains a strong balance sheet. The dividend also highlights the influence of Thai major shareholder Nawaplastic, which will receive a significant portion of the payout. BMP’s ability to sustain high dividends while funding growth will be key for long-term investors.

What to Watch

• Q2/2026 earnings release to assess profit trend and margin stability.
• Any changes in dividend policy for 2026 or special dividends.
• Raw material price movements (PVC resin) and impact on gross margin.
• Capital expenditure plans and use of retained earnings.
• Foreign ownership trends given the high dividend yield.