| Title | X-Stock | BSR 33,800 VND +30%: Q2 2026 Business Results Update – Crack Spreads Remain Elevated in 2H2026 |
|---|---|
| Report Type | Phân tích công ty |
| Source | BSC |
| Industry | Oil & Gas |
| Bussiness | BSR |
| Detail |
Date : 07/09/2026 Total pages : 0 Language : English File Type : .PDF FileSize : 1559 Kb Download: 0 Download |
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| Short Content |
BUSINESS RESULTS UPDATE Q2 2026 results: Net revenue reached VND 58,716bn (+60% YoY, +28% QoQ), while NPAT-MI reached VND 7,460bn (+782% YoY, -10% QoQ).
1H2026 results: Net revenue reached VND 104,636bn (+52% YoY), while NPAT-MI reached VND 15,725bn (+1,163% YoY). BSC VIEW & 2026 OUTLOOK
(i) Diesel gross margin reached 21.0% (+14.9 ppts YoY), easing from its Q1 2026 peak of 29.4%. (ii) Jet A1 gross margin reached 28.0% (+15.5 ppts YoY, +0.2 ppts QoQ), maintaining the positive trend seen in Q1 2026 (27.8%). In 1H2026, BSR completed 52% and 66% of our revised full-year revenue and earnings forecasts, respectively.
KEY INFORMATION TO WATCH (i) 2026 outlook and forecast revisions (Page 2); and |