According to its newly released Q3 2026 consolidated financial statements, BSR, Vietnam's oil refining and petrochemical corporation, posted nine-month consolidated after-tax profit of VND24,901.7 billion, nearly 11.6 times the same period of 2025 (more than VND2,154 billion). The result reflects favourable market conditions and sustained high utilisation at the Dung Quat Refinery in Quang Ngai.
A breakout third quarter
In Q3 2026 alone, consolidated net revenue reached VND59,580.6 billion, against VND35,290.2 billion a year earlier; after-tax profit was nearly VND8,969 billion, nearly 9.9 times the VND908.6 billion of Q3 2025. The average Dated Brent price in Q3 was US$97 per barrel, up US$27.93 per barrel year on year. For nine months, consolidated net revenue reached VND164,216.5 billion, up about 58%.
Running above design capacity
- Dung Quat Refinery ran at about 123% of design capacity on average over nine months; the crude distillation unit (CDU) ran at 118–119% and the catalytic cracking unit (RFCC) at 108–110%.
- Output reached 6.109 million tonnes, 105.2% of plan; sales reached 6.058 million tonnes.
- Self-use energy and losses stood at 7.2%; the refinery has processed 40 types of crude oil.
- BSR paid VND9,034 billion to the state budget on a consolidated basis in nine months.
Expanding trade and digitalisation
BSR is focusing on key products such as diesel (DO) and Jet A-1 aviation fuel, expanding international trading and selling E5 and E10 biofuel petrol, in line with the green fuel roadmap. The company also uses artificial intelligence in safety monitoring and operational digitalisation, and has logged more than 59 million safe man-hours.
From its first product in early 2009 to the end of September 2026, BSR has produced nearly 111.8 million tonnes and sold more than 111.3 million tonnes of products, with consolidated revenue exceeding VND2 million billion and state budget contributions of more than VND270.3 trillion – underscoring its role as a pillar of national energy security.
Key takeaways
- Nine-month consolidated after-tax profit reached VND24,901.7 billion, nearly 11.6 times a year earlier.
- Dung Quat ran at about 123% of design capacity, with output at 105.2% of plan.
- Consolidated state budget payments reached VND9,034 billion in nine months.