BSR 7M Revenue Hits VND 120T, Pre-Tax Profit VND 18.9T
This Aveluro analysis covers BSR on HOSE in the Oil & Gas sector. The classified event type is earnings beat, with positive sentiment and a deterministic market-impact score of 5.6/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
BSR (HOSE: BSR), operator of Vietnam’s first oil refinery Dung Quat, announced strong 7M 2026 results with record capacity utilization of 124%. Consolidated revenue reached VND 120 trillion and pre-tax profit hit VND 18.9 trillion, while the company progresses its expansion project.
Key Facts
- Record average capacity utilization of 124% at Dung Quat refinery.
- Consolidated revenue of approximately VND 120 trillion in 7M 2026.
- Pre-tax profit of VND 18.9 trillion; state budget contributions of VND 7.2 trillion.
- Production volume of 4.76 million tons (106% of plan); sales volume of 4.74 million tons (106% of plan).
- Dung Quat refinery capacity to increase from 148,000 to 171,000 barrels per day after expansion.
- New crude oil storage tank (No. 9) with 65,000 m³ capacity inaugurated on August 4, 2026, raising total storage to 585,000 m³ (+12.5%).
- First commercial batch of B5 biodiesel sold on August 6, 2026.
What Happened
On August 20, 2026, at a Quang Ngai Provincial Party Committee conference, Pham Minh Nghia, Deputy General Director of BSR, reported the company’s 7M performance. The Dung Quat refinery, a USD 3 billion facility, operated at a record 124% average capacity, producing 4.76 million tons and selling 4.74 million tons, both exceeding plan by 6%.
BSR also highlighted progress on its expansion project (NCMR), which entered the EPC phase on July 9, 2026. The project will raise refining capacity to 171,000 barrels per day. Additionally, the company resumed operations at its Bio-Ethanol plant and launched E10 RON95 gasoline nationwide, supplying over 238.5 million liters of biofuel year-to-date.
Market Context
BSR shares closed at VND 26,850 on August 21, 2026, reflecting positive sentiment around the earnings beat and expansion progress. The company is a key player in Vietnam’s energy sector, supplying about 30% of domestic fuel demand. The broader market has shown resilience, with energy stocks benefiting from stable oil prices and government support for biofuel adoption.
Strategic Significance
The record capacity utilization and strong financials underscore BSR’s operational efficiency and pricing power. The expansion project is critical for long-term growth, increasing capacity by 15.5% and enabling the refinery to meet rising domestic demand. The company’s move into biofuels aligns with national energy security and environmental goals, potentially opening new revenue streams. For investors, BSR’s ability to sustain high utilization and execute the expansion on schedule will be key to future earnings.
What to Watch
- Q3 2026 earnings release for confirmation of sustained profit growth.
- Progress updates on the NCMR project, particularly EPC milestones.
- Utilization rates in H2 2026, especially ahead of the planned maintenance in 2027.
- Biofuel sales volumes and market acceptance of E10 and B5 products.
- Any regulatory changes affecting fuel pricing or import duties.