In its 2026 provisional business plan, the company forecasts net profit at VND2.16 trillion ($82.17 million) next year, representing a 187% increase from its 2025 plan.

BSR targets consolidated revenue of VND154.14 trillion ($5.86 billion) in 2026, up 10% from its 2025 plan, based on an assumed crude oil price of $75 per barrel and an exchange rate of VND26,500 per U.S. dollar.

This year, BSR expects output of 7.9 million tons, exceeding its plan by 8%. Revenue is estimated at nearly VND142.3 trillion ($5.41 billion), while pre-tax profit is projected at VND4.54 trillion ($207.16 million), beating the target by 262%.

Contributions to the state budget are expected to reach VND14.25 trillion ($541.57 million), about 10% above plan.

Capital expenditure will be a key focus in 2026, with total planned investment of VND8.58 trillion ($326.01 million), fully funded by equity. Of this, VND7.79 trillion ($295.94 million) will be allocated to the upgrade and expansion of the Dung Quat refinery in the central province of Quang Ngai.

The upgrade aims to raise refining capacity to 117,000 barrels per day and ensure compliance with stricter fuel quality and emissions standards. Planned spending includes site clearance, EPC contract payments, project management, and consultancy costs.

BSR also plans smaller investments in additional crude oil storage capacity, green energy and sustainable fuel projects such as sustainable aviation fuel (SAF) and biofuels, as well as construction of a new headquarters in Quang Ngai.

Looking ahead, the company said it is developing a mergers and acquisitions (M&A) strategy aligned with its 2030 roadmap and 2050 vision to reduce dependence on volatile oil prices.

It also plans to accelerate digital transformation, including the use of artificial intelligence and big data for oil price forecasting, risk management, and development of a “smart refinery”.

On the Ho Chi Minh Stock Exchange (HoSE), BSR shares closed up 6.69% to VND15,950 ($0.61) each on Friday.